Here's how you can renew your 2 wheeler insurance online
Posted on: 21 October 2019 by Sujain Thomas
The automobile business has grown over the years. However, with an increase in the number of cars on the roads, the accident rate is also increasing. Simultaneously, the 2 wheeler insurance market is also growing.
The automobile business has grown over the years. However, with an increase in the number of cars on the roads, the accident rate is also increasing. Simultaneously, the 2 wheeler insurance market is also growing. The insurance is set to cover most of the expenses that the two-wheeler owner might have to pay in case of an accident. A 2 wheeler insurance policy saves the vehicle owner from any concerns regarding the safety of the vehicle in case of any eventuality. The insurance provider will pay for the losses which could either be partial or total in case of an accident. These insurance policies need to be renewed every year so that the safety of the vehicle user is ensured. Moreover, it is compulsory under the Motor Vehicle Act to buy and renew two-wheeler insurance every year. This renewal process can be done both through online and offline mode.
Ways to renew the insurance policy:
- Get in touch with the insurance company
You can visit the insurance provider office in person and can pay off the premium amount in cash. The insurance provider will give the customer a receipt for the same and a copy of the renewed insurance policy.
- Online Payment
In this time of emerging technology, most of the works are done through online medium and insurance of the 2 wheeler can also be done definitely through this mode. This online payment can be done through NEFT mode, debit and credit card. A key advantage of paying through online mode is that the same can be done from the comfort of the home and no visit to the insurance office is required.
All the vehicle owner needs to do is to log on to the insurance service providers’ website and follow the steps required for renewal of the policy.
Steps to be followed to renew the two-wheeler insurance online
Though the online renewal can also be done by logging on to specific insurance company website, the better way is to check and renew the insurance through the website of a third party insurance agent. You will also be able to get free quotes from top insurers with the lowest available premiums. All you have to do is to enter the 2 wheeler number and a range of options will pop up. This makes it easy for the vehicle owner to select the insurance policy for the two-wheeler.
These third party website also lists links to two-wheeler insurers such as Bajaj Allianz, Bharati AXA, HDFC ERGO, Kotak Mahindra and New India Assurance to name a few. To make things better, you will also be able to check out details of different insurance plans here and shortlist the appropriate one. The vehicle owner can then click on any specific link of the insurance provider and this will lead the user to payment gateway. The payment can be made through NEFT or Debit and Credit Card. The user will get an OTP on the registered mobile number before the final payment is made. Once the OTP is verified, the insurance renewal amount will be debited from the account of the user and transferred to the insurance provider. All the vehicle owner needs to enter the basic details like address, vehicle number and registration number of the vehicle.
The insurance provider will send an online copy of the insurance policy to the user on the email id that the user might have filled in the details required while filling the insurance renewal form. For any further details, the company can directly be contacted through the telephone numbers that are mentioned on the insurance providers’ website.
All the insurance providing companies have dedicated e portals through which online payment can be done after logging with the username and password. For the first time users on this platform, an account needs to be created and thereafter they can process their online insurance policy.
Benefits of renewing two-wheeler insurance online
- Time Saving Process
The online insurance for two-wheelers is a quick fix process and can be done in a matter of minutes when the user accesses the portal. In case of any issues, help from customer care executives can also be taken.
- Customers get to know about different options
When insurance is done through online mode, a comparison of plans from different insurance providers can be done. It is always the wish of the user as to which online insurer they choose for renewal of insurance of their two-wheeler to secure their property and life too.
Opt for online renewal of your two-wheeler insurance and make your life safe and comfortable.