Myths Debunked – Purchasing Bike Insurance Online vs Offline

As a two-wheeler owner, you must be aware of the requirement to secure your bike with insurance cover. It follows the legal requirements set by the Motor Vehicles Act. But with a digital revolution in the country, insurance policies can now be purchased online along with traditional offline purchases. Since many policyholders are not familiar with the online process of purchasing two wheeler insurance, there is some hesitation and confusion in this process. Online policies do not offer a physical document and it might raise questions about the genuineness of the insurance coverage. While there are many such misconceptions surrounding online two-wheeler insurance against its offline counterpart, this article aims to debunk them and help you buy a robust insurance policy.

Misconception #1 - There is no personal assistance in online insurance policies

This is the most widespread misapprehension when it comes to an online bike insurance policy. While offline plans have insurance agents or officials in the branch of the insurer to guide your policy selection, online insurance plans are guided using the round-the-clock customer support. Such customer support is available via e-mail or telephone, thus helping you answer all your questions before you make the payment. You can get in touch with a customer support executive from understanding your policy to seek assistance for its payment.

Misconception #2 - Online purchase is a complicated process

The reality is far from this myth where online insurance purchase is simple. There is no hassle of lengthy documentation or other paperwork to be submitted. All you have to do is visit your preferred insurance company’s website or simply download their mobile application. Here, you share the details about your bike, such as its registration number, purchase details, model and make, and then select your policy to avail insurance coverage instantly. The best part is - all of this is done without having to step out of your house or make time from your busy work schedule.

Misconception #3 - You need to be an internet wizard to buy a policy online

This is a gross misconception, as basic knowledge of the internet and basic computer operations skills are enough to buy a policy online. With internet-enabled smartphones in your palm, you can complete the entire buying process within a few taps. Moreover, there is less hassle in comparing a policy online or using a mobile application.

Misconception #4 - Online policies are expensive

Online policies are directly sold by the insurance companies to their customers, thus shortening the different layers through which a policy is marketed. Since it is direct-to-customer, there are no middlemen involved in the selling process, thereby lowering the overheads in form of commissions. These lowered costs translate into savings in your premium too. Hence, you can get a policy with an affordable bike insurance price when you choose online. *Standard T&C Apply

Misconception #5 - The settlement process is complex

Like you can buy insurance policies instantly, online claim applications are also instant. If not immediate, their turnaround time can be as low as a couple of hours. Faster approvals for insurance claims are possible due to the lack of physical documentation required in the process. With myths busted when it comes to online two-wheeler insurance policies, you no longer need to believe them and choose the hassle-free alternative for buying a renewal of your plans. In this process, two wheeler insurance premium calculator is a nifty tool that helps in a head-to-head comparison of the different available plans.   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.