How to Buy and Renew Bike Insurance Online?
Purchase and renewal of bike insurance online is fast, easy and convenient. All you need to do is browse and compare offers, select a policy, calculate the premium and buy your bike insurance policy right from the comfort of your home in just a few clicks.
Moreover, you can also get discounts when you buy online. Wondering how to buy bike insurance online? Read on to know more.
What are the Steps to Buy Bike Insurance Online?
Buying bike insurance online is one of the easiest and most convenient processes. You can get coverage from the comfort of your sofa. Here are the steps to do so:
Step 1: Choose a Suitable Insurer
First, you have to choose an insurer. You can do so by comparing different factors such as claim settlement ratio, customer service and reputation in the market.
Step 2: Compare Different Plans
Once you have chosen a suitable insurer, your next step is to choose a plan that goes with your requirements. You can check the premium amount and different benefits and choose a plan.
Step 3: Create an Account
Once you have decided on a plan, it is time to start the buying process. For that, you either have to create an account on your insurer’s website or download their app. Downloading an app is much easier, and it keeps you organised.
Step 4: Select Get a Quote
Once you have created an account, you have to click on ‘Get Quote’. The system will send you an OTP to your mobile number. Enter it to create your account.
Step 5: Enter Vehicle Registration Number
After you have created your account, you have to enter your vehicle registration number. If your car is brand new, then you have to provide the RTO code for the city. Then click on Submit.
Step 6: Enter IDV
Once you click on Submit, you will need to set an IDV. Then, you will receive a quote for different plans. Choose the plan you have decided on and check the benefits it will provide. Make sure to read the policy wording to understand the inclusions and exclusions.
Step 7: Verify Premium Amount
Next, check the premium amount and see if you can get any discounts. Many insurance providers give an online discount of 5% when you buy from their website or app. You can even choose add-ons. It will affect the final premium you have to pay.
Step 8: Complete Payment
Now, you have to complete the payment through a secure payment gateway. You can choose UPI, credit/debit card or netbanking for the payment.
Step 9: Receive Policy Documents
After you complete your payment, your policy will be active, and you will receive your policy documents via email. You can also find them in your insurer’s app as well.
What are the Steps for Bike Policy Renewal?
Now that you know about the process of buying a bike insurance policy, you must also know how to do a bike policy renewal.
Here are the steps to renew your policy:
Step 1: Log in to Your Account
You have to log in to your insurer’s website using your name and registered mobile number. Alternatively, you can open their app as well.
Step 2: Check Your Existing Policy
Once you log in, you will be able to view your current active policy. You will be able to see a renew policy option. Click on it and check your policy details carefully. You can change any information at this stage.
Step 3: Add Riders (If Required)
During checking, you can also add new riders to your policy and remove the ones you do not require. This will have an impact on your premium amount.
Step 4: Pay the Premium
Once you have made the necessary changes, you can verify your new premium. Check whether you can avail any NCB discount as well. Click on Pay Now and pay through UPI, debit/credit or netbanking options.
Step 5: Receive Confirmation
Once you pay, you will receive a confirmation in your email and the insurer’s app.
Bottom Line
We hope that you have understood how you can buy and renew bike insurance online. The process is simple and efficient, and you also get a discount. If you have a bike, then get your insurance from top insurers such as Bajaj General Insurance today as per your budget and preference.