Buying insurance for your bike
In 3 idiots we saw Raju’s dad being taken to a hospital on a two wheeler. Thanks to many such scenes Bollywood has given us, we’ve been reasonably made to understand the significance of a two wheeler- a hero and a true savior in times of need. Be it driving back home late after a party, combating heavy traffic, picking up grocery or a long ride you took to gather yourself after a spat with the loved one, it has been the best means to commute. Nobody can determine your bike’s value in your life because it’s immeasurable. Would want to compromise on the safety of something that’s so precious? The insurance company understands this need and importance and offers you a range of products to cover your bike along with the mandatory third party insurance (coverage against property damage or injury to any person). This comprehensive coverage takes care of expenses that your bike may incur at a time of accident. It offers protection for your bike against theft or damage due to accident or natural calamity. The revised draft bill of motor insurance act emphasizes the significance of a valid two wheeler insurance policy. You will mandatorily need to have a third party cover. However, we insist you have the comprehensive cover too which will add up to the cost of premium but only in return of safety of your two wheeler. The best part about buying a policy today as opposed to a decade ago is that the process has become much simpler. The customer is given a lot more choices on a policy as per requirement. This is the digital age where you even find the right partner online. Like the benefits that any online shopping gets you, buying a policy also comes with a few merit: 1. Cheaper rates As in the case of any other product, the policy rates online are lower than offline. As the operational costs are reduced, the insurance companies offer an undeclared discount on online policy purchases. 2. No paper no hassles When you buy a policy online, there are no papers which you may need to file safely for future reference. All the documents are stored online and can be made available anytime at a click, making it easy at each renewal. 3. No lengthy forms