Two-wheelers are the most preferred and convenient mode of transport, especially to keep the traffic at bay. However, accidents or natural disasters are unforeseen events that can leave the rider injured and may also cause damage to the vehicle.
Having two-wheeler insurance can help you to avoid the financial stress that comes with such unforeseen events. Whether you use the two-wheeler every day or occasionally, it is important to secure your vehicle with the right insurance plan. Read on to know the importance of having two-wheeler insurance.
A comprehensive two-wheeler insurance policy provides coverage against personal accident, own damage, third-party liabilities. It also provides financial protection against any damage or loss caused due to natural or man-made disasters, theft, accident, vandalism, terrorism, etc.
Also, the Motor Vehicles Act, 1988 mandates all two-wheeler owners to purchase third-party bike insurance that offers coverage against legal and accidental liabilities of the insured.
Benefits of buying two-wheeler insurance from Bajaj Finance
Here are some of the benefits that you can avail of by opting for two-wheeler insurance offered by Bajaj Finance.
Choice of coverage
The types of coverages and the premiums paid towards them differ from insurer to insurer. Bajaj Finance offers bike insurance plans that include third-party, stand-alone own-damage insurance along with additional benefits at affordable premiums.
You can also opt for multi-year two-wheeler insurance plans which are valid for up to three years. So, you don’t have to worry about renewing it annually. Plus, the insurer will send a notification in advance when the policy is about to expire for the timely renewal of the policy.
Bike insurance plans offered by Bajaj Finance also provide a few additional covers like accident cover for the pillion rider, spare parts or accessories, zero depreciation, consumable covers and more. These add-on benefits enhance your two-wheeler insurance plans, covering your additional financial needs.
No Claim Bonus
No Claim Bonus (NCB) is a reward or discount offered by the insurers for having a claim-free year. It helps to reduce the premium at the time of renewal. Depending on the number of claim- free years, one can easily get a discount of up to 50% on your next policy premium. Two-wheeler insurance plans offered by Bajaj Finance reward policyholders with NCB ranging from 20% to 50% riding safely on road.
Accumulated NCB can also be transferred while switching from one vehicle to another.
Quick online process
Bajaj Finance facilitates an easy online process to help you buy and renew bike insurance from the comfort of your home. It is a simple three click process with minimum data entry and mandatory documentation required to purchase the two-wheeler insurance.
Straightforward claims and inspections
Bajaj Finance offers a hassle-free process for two-wheeler inspection at the time of policy purchase, along with seamless claim settlement.
Easy renewal without inspections
One can renew bike insurance within a few minutes without inspection or documentation at the time of policy renewal.
Secure yourself and your vehicle from any unexpected contingencies with the right two-wheeler insurance plan. Make your rides safer by opting for Bajaj Finance Two-wheeler Insurance.