Five Excellent Benefits Of Buying Bike Insurance Online
Two wheelers are a great source of transport. They give you that wind in your hair feeling which a four wheeler vehicle cannot. They can whiz through traffic and those narrow lanes when you want to and last but not the least, they always look stylish.
Many bike owners are possessive about their vehicle and do their best to safeguard it. Buying bike insurance online, that’s one of the best ways to cover your bike against any damage (self and third party).
There are many two wheeler insurance plans in India which you can buy online. After all, it’s easy, convenient, and quicker compared to buying traditional bike insurance. Here are a few benefits you should know about buying online bike insurance in India.
1. Lots of choices
Most insurers have an online presence. They market their insurance products aggressively across many mediums to gain customers. Add to that, there are quite a number of aggregator sites which list out different insurers, their insurance plans, and features.
You can go through the marketing efforts and aggregator websites to make an informed decision.
2. Low premiums
When customers go online to purchase bike insurance, it saves money for the insurers. They save on office space, stationery, staff, and electricity. Insurers transfer the saved money to customers in the form of low premiums.
3. Paperless Transactions
When you purchase your bike insurance offline, it involves a lot of paperwork in the form of documents, Xerox copies of the documents, other files, etc. The huge load of paperwork is annoying, to say the least.
With online bike insurance, it’s quick, requires minimal paperwork, and time-saving as well.
4. Easy endorsements
An endorsement is a change in a particular detail in the policy document. If you need to make an endorsement in your two wheeler insurance you bought offline, there’s a lot of hassles because you will need to resubmit the insurance form along with endorsement form.
This is where online bike insurance wins. A simple form submission, a few clicks, and you are set.
5. Secure Payments
Post demonetization, there has been a big spike in online payments. Net banking and mobile wallets are leading the way. Most insurers have ensured that any online payments you make for your two wheeler insurance is safe. There are secure payment gateways along with firewalls to prevent any fraud.
The Internet has changed the banking and insurance industry in India. Buying two wheeler insurance online isn’t just easy but has a lot of benefits to offer as well.
The next time you look to buy bike insurance, go online.