It’s very common for a bike user to forget to renew his motorcycle insurance and sometimes not even realise it unless he gets a reminder from the insurance company or gets fined by traffic cops. Now motorcycle owners can also renew their policy online in just a few easy steps. You simply need to enter some basic details online, quote, pay and renew your bike insurance in the time it takes to make a cup of tea.
Why insure online?
Why to insure motorcycle online, some main reasons –
1. Convenience
2. Time Saving
3. Security
4. Discounts
What’s on Offer?
Some popular websites from which you can online renew your bike insurance.
Portals | |
HDFC Ergo | Excellent |
ICICI Lombard | Good |
Bajaj Allianz | Good |
New India Assurance | OK |
Type of coverage | Comprehensive |
What we like | |
– Transfer all No Claim Bonus (NCB) benefits | |
– Avail add-on covers and other discounts like AAI and ARAI | |
– Old bikes (up to 10 years old) can be insured online | |
– A digitally signed policy is issued immediately | |
– Optional Personal Accident cover for co-passengers | |
– Avail NCB on renewals if no claim is made during the previous policy period | |
– Pay premium in instalments without any extra charges (ICICI Lombard) | |
What we don’t like | |
– No third party only coverage | |
– No renewal if you had claim in the past (in some portal) |
Source: PolicyWala Research