Key Points to Consider when Buying Third-Party Bike Insurance Online

Overview: 

There are various ways to get bike insurance. There are different types of bike insurance, like:

  • Comprehensive bike insurance 
  • Third-party bike insurance

Many people are now planning to buy third party bike insurance online. You must know about third-party bike insurance before you buy one online. This type of insurance covers the damage done to the third-party vehicle by your vehicle.

The third-party insurance holds value for a year and has to be renewed every year. You can also go for long-term bike policies.

When you plan to buy third-party bike insurance online, then there are certain factors that you must take into account. You must contemplate your insurance providers on certain factors. Here are a few of them:

Premium- The first parameter that you must consider when you buy third party bike insurance online is the premium you need to pay. The premium may vary based on factors like age of the vehicle, type of policy, geographical areas, etc. The following table highlights premium of bike insurance:

Engine Capacity

Third-party Bike Insurance Premium

Up to 75 cc

Rs. 482

75cc to 150 cc

Rs. 752

150 cc to 350 cc

Rs. 1193

Above 350 cc

Rs. 2323

Coverage- One of the key factors you must not miss while taking the bike insurance is coverage. You must thoroughly read the insurance policy and check what all coverage does it provide.

Once you have got both this information, you can compare the insurance provider's policies and coverage and based on it; you can make the final call.

All you Need to Know about Two-wheeler Vehicle Insurance Online



Steps to Buying Third-Party Bike Insurance

Step 1: Once you have decided on your third-party bike insurance provider, you need to visit their website and click on the bike tab. 
Step 2: Now, you need to add the bike's registration number, and you will get the relevant information. In case you don’t have the registration number, you can also feed in other details like a model of bike, registration of the year of the bike, engine capacity, etc. 
Step 3: Next, add the name and mobile number where you will be receiving all the details about insurance. 
Step 4: Now, choose the right policy and make the payment. Step 5: You will get all the details in the mail.

Things to consider while Buying Third Party Bike Insurance Online

This was the basic information about third-party bike insurance. You must thoroughly compare the rates and premium and then make the final call.

Comments

Post a Comment

Popular posts from this blog

Benefits of Term Insurance Money Back Policy

Image
Insurance policies are the best way to secure the future, and money back term insurance is gaining popularity. If you are looking for the most affordable insurance policy, you must consider the term insurance money back policy. What is Money Back Term Insurance Policy? Money Back Term insurance policy doesn't have an investment component but assures a pre-decided amount on the death of the policyholder. It offers the lowest premium, which gradually increases with the age of the insured.  There are different types of term insurance plans; if a person is looking for the best insurance policy, one can opt for a term insurance plan with a premium return. The best part about this policy is that you will get back the premium amount after the policy matures. Benefits of Term Insurance Money Back Policy Assured returns: The term insurance money back policy gives you a guaranteed return. With this, one can plan the future rightly. Since policyholders know about the amount they will get af...
Read more

How important health insurance during Covid-19 time

Image
What role does health insurance play in the Covid-19 outbreak? According to data from the Central Government, India has one of the world's lowest healthcare penetration rates. According to the same figures, more than half of all healthcare-related expenditures in India are charged out-of-pocket, which is slightly lower than the global average. The value of providing sufficient healthcare coverage cannot be overstated at this time. In a scenario where you don't know how you'll handle your money in the next 21 days, comprehensive health insurance will save the day. In the Corona outbreed, health insurance offers full coverage in the event of a medical emergency. Here's an example of how health insurance policy for Covid-19 is beneficial. ·          Cashless Hospitalization Right Away If you have Covid-19 health insurance policy, you will get prompt cashless hospitalization if you have any corona symptoms or suffer from a serious illness. You...
Read more