two-wheeler insurance renewal after expiry online

two-wheeler insurance renewal after expiry online

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Two-Wheeler Insurance Renewal After Expiry Online

Two-wheeler insurance plan that provides coverage against loss to a bike or bike rider due to an accident, theft, or natural calamities. It’s a security cover to protect bike and bike riders from unexpected liabilities which may lead to mishappen. If the motorcycle is damaged, the two-wheeler insurance ACTS as an aid in fighting against unwanted expenses.

IRDAI has mandated a 5-year third party policy for all two-wheelers in India so that the period of purchase of vehicles is valid on roads in India.

The best two-wheeler insurance companies are:

  • HDFC ERGO two-wheeler Insurance
  • Bajaj Allianz two-wheeler Insurance
  • Acko two-wheeler Insurance
  • ICICI two-wheeler Insurance

HDFC ERGO two-wheeler Insurance

HDFC ergo two-wheeler insurance offers you lots of benefits. The following benefits are not limited to:

  • Long term coverage
  • Saving
  • Meets immediately
  • Very good claim settlement
  • 24×7 service

Life is important and its insurance is necessary. Plus, insurance of things that make life easier is also important. HDFC ergo two-wheeler insurance offers you all this. Not only will you be insured for your life, but you’ll also protect your assets, you’ll save a lot of time. Get insurance ready and ride in peace of mind.

Bajaj Allianz two-wheeler insurance

What does Bajaj Allianz insurance come under? Along with the bajaj to wheeler insurance, you will have mental peace as you will get extensive security. The salient features of bajaj to wheeler insurance include:

  • Two-wheeler damage cover
  • Personal accident cover
  • Third-party launder cover (covering of back seat holder)
  • Extra cover

Third-party liability cover

The Bajaj Allianz two wheeler insurance policy provides for compensation to the third party injury/death/disability/property as per the rules of the motor vehicle act of destruction. The third party also includes the rider of the back seat.

Personal accident cover

In the bajaj premium two-wheeler insurance policy, an insured vehicle’s accident provides for the protection of disability/death of the owner/driver. The policy provides for 100% indemnity in the event of permanent disability or death.

Extra cover

The Bajaj Allianz two wheeler insurance policy also provides protection for several unforeseen additional situations, including support for road problems (battery or tire malfunction, key loss).

  • Assist vehicle pulling
  • Legal service
  • Assisting place
  • Assisting fuel and repair
  • Alternate transit assistance

Acko two-wheeler Insurance

Third-party

It covers damage caused by accidents to another person, property, or vehicle.

It covers:

  1. Damage or accident can be caused by your own vehicle.
  2. Damage caused by:
  • Drive without a valid license.
  • Driving while consuming drugs or alcohol.
  • When the license is not active.

Comprehensive

The liabilities and theft of third parties include accident, vandalism, fire, vandalism, terrorism, terror and malicious ACTS, damage to your vehicles due to riots such as civil disturbances, floods, earthquakes, etc.

It covers:

  1. Damage is caused by electrical or mechanical damage or any tear or wear.
  2. Damage caused by:
  • Drive without a valid license.
  • Driving while consuming drugs or alcohol.
  • When the license is not active.

ICICI two-wheeler Insurance

Benefits:

  • Up to 3 years long term policy period.
  • Renewal reminder
  • Cashless garage service
  • Personal accident cover
  • No claim bonus
  • Third-party legal liability cover
  • Hassle-free claim settlement

Some two-wheeler insurance companies premium calculator:

HDFC ergo two-wheeler insurance

Third-party cover: Coverage of 1 lakh property damage.

Add-on cover: Zero depreciation

Limit: Can be availed for vehicles up to 15 years.

Bajaj Allianz two-wheeler insurance

Third-party cover: Coverage of 1 lakh property damage.

Add-on cover: Not available

Limit: Can be availed for vehicles up to 15 years.

Bharat Axa two-wheeler insurance

Third-party cover: Coverage of 1 lakh property damage.

Add-on cover: Not available

Limit: Can be availed for vehicles up to 10 years.

IFFCO Tokio two-wheeler insurance

Third-party cover: Coverage of 1 lakh property damage.

Add-on cover: Not available

Limit: Can be availed for vehicles up to 10 years.

New India two-wheeler insurance

Third-party cover: Coverage of 1 lakh property damage.

Add-on cover: Zero depreciation

Limit: Can be availed for vehicles up to 10 years.

Reliance two-wheeler insurance

Third-party cover: Coverage of 1 lakh property damage.

Add-on cover: Not available

Limit: Can be availed for vehicles up to 10 years.

Universal two-wheeler insurance

Third-party cover: Coverage of 1 lakh property damage.

Add-on cover: Zero depreciation

Limit: Can be availed for vehicles up to 10 years.

Details require while doing a premium calculation of two-wheeler insurance:

  • Name of manufacture
  • Year of manufacture
  • The model number of two-wheeler
  • Variant of two-wheeler
  • State and city of two-wheeler registration

How after the expiry date renewal will be online?

Follow these steps:

  • Go to the official website of your insurance company.
  • Click the option to renew the policy.
  • Select the plan which you select for two-wheeler.
  • At the last, pay your policy premium by debit, credit, Paytm, etc.

Also, Read – Honda Activa 5G Insurance Claim Process Keyfeture

Advantages of buying two-wheeler insurance:

Zero depreciation cover

This add-own works like an effective anti-aging cream for your bike and its parts. Generally, the required amount of depreciation is always taken into account at the time of the claim, but the zero depreciation cover does not cover the amount of depreciation, so you get the full cost of repairs/replacement during the claim.

Return to invoice cover

If you come across a situation where your bike is stolen or is not in a repairable condition, this can be used for the add-on. With the return to invoice add-on, we will cover the same or similar cost of receiving the bike including road tax and registration fee of the bike.

Engine and gearbox cover

Engine and gearbox will always need some extra protection, no matter what an accident happens. The engine and gearbox security add-on help you cover them in all possible circumstances.

Consumable cover

The consumable cover works as an extra shield for your two-wheeler. The cost of all basic bike needs, such as engine oil, screws, nuts and bolts, grease, etc. are also included in an accident.

Help when the vehicle needs repairing

Roadside extensions, add-on ensure that you are always with us if you need any help with your bike breakdown on the road even if you need help with your bike on the road, there is no claim for help.

Disadvantages of two-wheeler insurance:

The third-own loss to the party policyholder

In the case of a third party or library, the only bike policy will not cover the loss incurred to your vehicle.

Without licensing or while driving a drunk bike

Loss of bike driving license without drunk or a valid two-wheeler license will not be covered in your bike insurance.

Driving in absence of any license holder

If you have a learner’s driving license but you are driving a two-wheeler without a valid driving license holder, the claim will not be covered.

Consequential losses

Any damage that has not been caused as a result of the accident (e.g., if the two-wheeled vehicle is being used incorrectly after the accident and the engine is damaged, it is considered consequential damage and will not be covered).

Loss due to carelessness

Loss due to any negligence (two-wheeler from driving two-wheelers in floods, forbidden as per the manufacturer’s driving manual) will not be covered.

Add-on, which has not been purchased

Some situations are covered in add – ons. If you haven’t purchased those add-ons, they will not be covered with the relevant conditions.

Reasons for buying two-wheeler insurance from Policybazaar are:
  • Issuing instant two-wheeler policy: You can purchase two wheeler insurance on policy bazaar immediately as it issues an online policy.
  • Pay no extra charges: You will not need to pay any extra charges.
  • Details of last two-wheeler policy not required: If more than 90 days you don’t have to provide details of your last bike insurance.
  • No inspection or documentation: You can do your policy renewal without any inspection and documents.
  • Easy renewal of lapsed policy: You can easily renew your expired policy on the website.
  • Quick claim settlement: Policybazaar team helps you when filling the claim for your vehicle.
  • Online support: Our teams are always with you when they need you. If you will get stuck anywhere anytime then you don’t have to worry about anything.

Conclusion

In this above article, I hope you are well understood and clear your all doubts regarding buying two-wheeler insurance the best companies’ advantages and disadvantages, and the renewal process.

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