After paying the insurance premium to cover your bike, you will receive a document containing your two-wheeler insurance policy. The other benefit is that you may receive financial assistance for any of the unfortunate circumstances covered by the policy. Therefore, please confirm that the information on your two-wheeler insurance document is accurate.
Once the payment is processed, regardless of whether you buy bike insurance online or offline, you will receive a policy document. If you purchased bike insurance online, your policy document will be emailed to you or you may be able to download it directly from your account on the insurer’s website. If you buy offline, the policy document should be delivered by courier or mail.*
Check The Following Ten Items In The Comprehensive Bike Policy Document:
1. Policy Number
If and when you submit a claim request, the two-wheeler insurance provider will first ask for your policy number. Your personal and vehicle information and the policy number will help the insurer identify your policy details.
2. Personal information
Verify the spelling of your name in the policy document. The address may also be mentioned in some circumstances. Please double-check, as the bike insurance provider may require it to send any needed communications.*
3. Vehicle information
Important bike-related information, such as the chassis number, engine number, and registration number, may be included in the insurance policy document for the motorcycle. Verify them to prevent any hassles in the future.*
4. Policy Validity
Your bike insurance policy will be regarded as being active for the duration of the policy validity period. Check the validity to ensure that you renew the policy on time.
5. Premium Charged
The policy document must include the insurance company’s premium (taxes included). Verify that there are no differences between the amount charged and paid.
6. Cover
This section must include information about the third-party component, Own Damage cover, Personal Accident cover, etc.*
7. Add-ons
Ensure they are expressly mentioned in the policy if you have chosen any additional two-wheeler insurance coverage besides the comprehensive plan.
8. IDV, or insured declared value
Insurance is a requirement for as long as you are using your bike It is essential to renew two-wheeler insurance online promptly. The two-wheeler’s IDV is used to determine the bike insurance premium. Check the value because the IDV will determine the renewal premium for bike insurance.
9. No Claim Bonus
When it comes time to renew your policy, you are eligible for a concession on the premium if you do not file a claim during the policy period. This reduction is known as an NCB. For calculations to be accurate in the future, if you have renewed your policy, make sure the NCB component has been mentioned clearly. A two-wheeler insurance premium calculator is a convenient tool you may utilise online to check the amount of coverage needed based on your requirements.*
10. Insurance Provider’s Contact
The policy document will include the insurance company’s phone number and email address. If you have any questions about the information in the policy, you can contact the company.*
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
