The internet era has challenged and forced the companies to go online and offer their services and products to larger group of consumers. All insurance companies in the market that offer different types of policies on their websites. It is easy to compare their offerings through study of differentwebsites or by browsing websites that offer comprehensive comparisons of the insurance policies of the different insurance companies.Tips to renew bike insurance online are displayed on the websites through easy pointer options or through diagrammatic charts. These websites have premium calculator tools to calculate the premium to be paid on renewal of bikes.However, there are two broad categories of the bike insurance policies and either of these be renewed online:
a. Third Party Insurance: It offers financial security to the owner of the bike against any damage of property of the third party or against any loss of life or physical damage to third party by the bike. It does not pay for any physical harm to the insurer or his bike.
b. Comprehensive Insurance Policy: It offers financial security to the bike owner or driver against the third party and also against any damage or threat or theft of his bike. It offers financial security to the owner or the driver against any physical injury or loss of life.
Benefits of referring to tips to renew bike insurance onlineare enumerated as follows:
1. Renewing bike insurance is hassle-free that offers the privilege to choose preferred workshops for cashless service repairs on insurance claims.
2. The online renewal of bike insuranceallows to choose the right policy by calculating the premium amount on the basis of No Claim Bonus, IDV of the bike, its cubic capacity, zone of registration, date of purchase of the bike and level of ownership.
3. Online renewal allows to renew expired bike insurance policy instantly without any penalty charges for delayed renewal are incurred. Thebike insurance is renewed without any inspection and document submission. The details of previous policy of the bike are not required if the policy has expired for more than ninety days.
4. Renewing the bike insurance policy online allows clearing the queries by calling the customer care of the insurance companies. Their numbers are available on the ‘contact us’ section of the websites and can be easily dialled by tapping on the call icons if the insurance websites are accessed through mobile.
5. Renewing the bike insurance online saves time and the cost of travelling to the office of the insurance agent or the insurance company.
6. Renewing the bike insurance online allows the owner of the bike to get the receipt of insurance instantaneously and he does not have to chase the insurance agent for the copy of receipt as it is mandatory to carry the same while driving.
7. The online bike insurance helps in another way that it sends reminder for renewing the insurance just before the date of expiry of the insurance policy.
