The two-wheeler market in India is expanding with every passing day. Bikes and scooters are convenient commuting mediums in crowded metro cities like Mumbai and Delhi. But what has led to the increase of two-wheeler owners are accidents. Many two-wheeler riders suffer severe injuries due to road accidents. These motorists have a health insurance policy covering medical and hospital expenses to safeguard themselves.
But what about the damage to the vehicle? In most cases, the damage that is caused to the car is paid from the pocket of the riders, impacting their savings. Accidents are something that you can never predict. It is an unfortunate event in which control is not possible. To avoid situations like these, buying a bike insurance policy is always recommended. A bike insurance policy will be a shield for both you and your bike. It will cover your two-wheeler’s garage expenses if you meet with an accident. Also, bike insurance will cover the loss or damage caused to the third party.
Per the Motor Vehicles Act, having third-party insurance for your bike is mandatory. Bike insurance is a contract between the policyholder and an insurance company. The insurance company agrees to bear the expenses of the cycle of the policyholder and the policyholder himself during an unpredictable situation like an accident. In return, the policyholder will agree to pay the insurance company a fixed premium for their services. A bike or two-wheeler insurance provides risk cover to the policyholder for only one year. After one year, the policyholder has to renew the insurance policy by paying the insurance company’s premium again. If you are looking to renew your bike insurance policy, they are two very simple mediums for doing it.
Through the Insurance Company:
You can connect with the insurance company, visit their office, pay the premium prescribed under the bike insurance policy and receive a receipt.
Online:
You can directly renew your bike insurance policy online. All you have to do is pay the premium online via NEFT, Debit, or Credit card. Online renewal is one of the simplest modes. You can renew your policy directly from the comfort of your home. Suppose you want to buy a bike insurance policy from Future Generali; you can now visit Future Generali’s website and pay the premium for your desired insurance plan. Visit our website and check out the different bike and two-wheeler insurance policies we offer.
