The two-wheeler market in India is expanding with every passing day. Bikes and scooters are considered convenient mediums of commuting 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. To safeguard themselves, these motorists have a health insurance policy that takes care of the medical and hospital expenses.
But what about the damage to the vehicle? The damage that is caused to the vehicle, in most cases, is paid from the pocket of the riders, having an impact on their savings. Accidents are something that you can never predict. It is an unfortunate event on which control is not possible. To avoid situations like these, it is always recommended to buy a bike insurance policy.
A bike insurance policy will be a shield for both you and your bike. It will cover all the garage expenses for your two-wheeler if you meet with an accident. Not only this, but bike insurance will also cover the loss or damage caused to the third party.
As per the motor-vehicles act, it is mandatory to have third party insurance for your bike at least. Bike insurance is a form of contract between the policyholder and an insurance company. The insurance company agrees to bear the expenses of the bike of the policyholder and the policyholder himself during an unpredictable situation like an accident. In return, the policyholder will agree to pay a fixed premium to the insurance company for the services they offer.
A bike insurance policy 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 premium to the insurance company 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 for the same.
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 directly visit the website of Future Generali and pay the premium for your desired insurance plan.
Visit our website and check out different bike and two-wheeler insurance policies we offer.