Points to beat mind when it comes to two wheeler insurance renewal

Two wheeler insurance renewals seem simple. You just hop over to your insurance provider’s branch, furnish your documents, make the payments and you’re done! Sure, this is one way to go about renewing your insurance policy, but it’s not the best way! Keeping this in mind, the following article will highlight some pointers to bear in mind when renewing your plan to optimize the process and ensure your get the best protection at the best price.

1. Go online.

One easier way to optimize the entire renewal process is to go online. Simply visit your insurance company’s website, find the ‘renew online’ option and click on it. The entire process is designed to easy and you won’t need any guidance for the same. Just fill in the details and make the payment!
The online renewal will help you save a lot of time and energy as compared to the offline process. You do not have to waste a day visiting the branch or endure standing or waiting in line to renew your plan. You can renew the policy from the comfort of your home, whenever you want!

2. Review your cover.

This is another point to keep in mind when it comes to twowheeler insurance renewal. This is because, when the expiry date comes up, you could choose to simply renew the plan and continues going with the protection you have. However, there is every chance that your protection needs have changed from the time you last renewed the plan.

For instance, you could be riding someone to work now or maybe now you have a significant NCB discount from when you first purchased the plan. To cover these, you could get pillion rider cover or opt for an NCB protect, respectively. These are just example, your protection needs could have changed in different ways over the years, and when you renew the plan, you need to ensure that your coverage encompasses your current needs.

3. Long-term plans.

When going about two wheelerinsurance renewals, make sure you keep in mind the option of term insurance plan. Why? This is because there are several benefits to purchasing long-term plans. For starters, they ensure you do not have to endure the yearly hassle of renewing your policy. However, the more substantial benefit is the cost benefit – this is because, when you buy a long term plan, you purchase 5 years of cover at the rates prevalent today. This is highly beneficial as you are safeguarded from cost hikes in the coming years. Not only that, if you have racked up any NCB discount, it will be applicable on 5 years not just on a single year. This adds up to very good savings. Not only that, the NCB of a long-term plan does not go to zero after a claim, rather it slowly reduces after every claim.

Keep these pointers in mind the next time you attempt 2 wheeler insurance renewals. Good luck and all the best





Comments

  1. Insuranceonline26 May 2020 at 00:26

    Thanks for sharing the blog, seems to be interesting and informative too.buy 2 wheeler insurance online

    ReplyDelete

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