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How to get maximum benefits on two wheeler insurance policies?

Posted by Royal Sundaram on 05 Jul 2017

How to get maximum benefits on insurance policy

A two wheeler is a prized possession for everyone who owns it. While a two wheeler insurance is mandatory as per the Motor Vehicles Act, there are many ways that you can enjoy maximum benefits on the purchase of the policy. Here are some ways in which you can avail benefits on your two-wheeler insurance:

  • Ø Some insurance companies provide discount rates to those insured who are members of the Automobile Association of India. Although this discount offered is a minimum amount, it is still beneficial in the long run.
  • Ø Theft of the vehicles is a clause in most insurance policies. Therefore, for two wheelers which have pre-installed anti-theft devices, insurance companies provide discounted premium rates. This way the insurer is more confident while giving out the insurance policy.
  • Ø Another way to save money is while renewing your insurance policy. This is where your riding skills may come into play. If you are a good rider and have not got into a situation where you may have had to make a claim on your insurance, you can avail a discount on the same. This is known as a no-claim bonus or popularly NCB. By the end of your policy term, if you have not made any claims on your insurance, then while renewing your insurance you can carry forward this bonus to avail discounts. This is a policy to reward riders and incentivise them to ride carefully.
  • Ø In some cases, if you are switching your insurance from one provider to the other, and you have not made any claims on the previous policy, you can avail the bonus with the new provider as well. Again motorbike insurance providers do this to encourage riders to be safe on the road.

A two wheeler insurance plan provides coverage from natural calamities, man-made calamities, liabilities for third parties and personal accidents. You can choose the insurance period between one to three-year terms, on single insurance policies. The claim process for two wheeler insurance is also a fairly easy process making your life hassle-free. Companies also offer affordable premium prices which make these policies even more attractive. So purchase a two wheeler insurance online in India and have a safe ride!

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