India has a significant demand for bikes due to the number of motorcycle owners. The number of motorcyclists on the road is rising in cities across the nation. This is because a motorcycle is the most accessible and affordable transportation in India, particularly in urban areas with heavy traffic. Every motorcycle rider must have a current bike insurance online policy to operate a motorcycle on Indian roads. In reality, the government has made it necessary for every motorbike driver in India to operate a motorcycle. Therefore, it’s crucial to ensure you always have a current insurance policy when riding a motorcycle. Through the online process, you can now buy bike online insurance and even check the status of your insurance and also renew the insurance just by sitting at home.
However, a lot of us are susceptible to accidentally dropping and losing all types of paperwork, including those related to insurance policies. The registration number of your two-wheeler can now be used to verify the status of buy bike insurance.
While bike insurance online India policies are undoubtedly important, policyholders frequently misplace them. But don’t worry! If you discover yourself in a scenario like this, you can verify your bike’s insurance online with the help of its registration number.
What is bike Insurance?
A Two Wheeler Insurance, as the name implies, is a comprehensive insurance policy. Bike Insurance Plans insure you against third-party liability and damage or loss caused to your vehicle due to any possible accident or natural calamity. For example, if your bike collides with someone else’s car or is damaged due to flooding, your comprehensive bike insurance will cover you!
What Should I Take Into Account Before Buying a Bike Insurance Policy?
Buying a bike insurance coverage is a crucial undertaking that necessitates taking into account a few essential factors:
Coverage Type
There are two types of bike insurance policies:
- Bike Insurance for Third Parties
- Own Damage Only Bike Insurance
- Comprehensive Bike Insurance
Regarding third-party responsibility, the organisation only provides assistance for harm done to a third party or their vehicle. While standalone damage only covers you and your car, third-party claims are not covered. Comprehensive insurance, on the other hand, aids the owner and pays for third-party losses. Thus, experts strongly advise getting comprehensive insurance.
Coverage
Comprehensive bike insurance supports theft, fire, accident, natural calamities, etc. You must choose comprehensive damage coverage if your bike insurance policy provides it.
Insurance for Bikes Renewal
As vital as purchasing bike insurance is, renewing it. You must renew the insurance before the expiration date because it is not a one-time procedure. Remember that renewing your bike insurance is essential to maintaining your coverage.
Accuracy of Insurance Company
Credibility is an essential factor to take into account when buying bike insurance. Verify the company’s legitimacy by reading client testimonials on its social media profiles.
Exclusions
Every motorcycle insurance policy has notable exclusions or limitations that are frequently included in the insurance documentation. To prevent further problems, you must thoroughly verify them.
Several Good Reasons to Buy Comprehensive Bike Insurance?
As already said, comprehensive bike insurance coverage provides both the owner and a third party various benefits. The primary justifications for purchasing comprehensive insurance coverage for your two-wheeler are illustrated in the following sections.
Finances Protection Against Accidental Damage and Injury
A primary justification for getting bike insurance is accidents. They are widespread. Thus you require defence against these unfavourable situations. The best method to protect yourself from these awful dangers is to purchase a comprehensive insurance policy. The expense of damage and injury resulting from an accident is supported and covered by the insurance provider.
Defends against both natural and man-made risks
This insurance policy provides you with comprehensive protection and compensation from unintentional harm. If you have current comprehensive insurance coverage, the insurer will guarantee your financial security if your bike is harmed by earthquakes, floods, hurricanes, etc. Comprehensive insurance coverage can also protect you from hazards caused by people, such as fire, theft, riots, and explosions.
Add-ons
The ideal option for everyone is comprehensive bike insurance because you can add additional coverage to the base policy. To allow you to tailor your approach to your tastes and needs, the insurance offers a different range to policyholders at a premium cost. Roadside help, bike insurance with no depreciation, and other extras are made possible through add-on policies.
What Are the Advantages of Purchasing a Two Wheeler Insurance Policy Online?
The best option
The Internet is the most groundbreaking platform for obtaining vast amounts of information. You may study every information regarding risk cover, add-ons, features, exclusions, and conditions of purchase. Because numerous options are accessible, you can quickly receive suitable two-bike insurance online.
Additional coverage choices:
When you get motorcycle insurance online, you will have a wide range of coverage options to choose from. Online insurers cater to your needs based on their availability. You could look at the various policy covers available, such as third-party liability insurance, own damage insurance, and full insurance.
What are the different ways to check the status of a two-wheeler insurance policy online?
The insurance coverage for your motorcycle is connected to its registration number at the time of purchase. The bike insurance policy verification has become easy due to the Internet’s explosive growth and the industries’ accelerating digital transformation. The government has inspected and approved a select website so that consumers can check without being concerned about the security of their personal information. Among them are the following:
Information Bureau for Insurance
The Insurance Information Bureau (IIB), a database for insurance data, was established by the Insurance Regulatory and Development Authority of India (IRDAI) in 2009.
After that, IIB began keeping digital automobile insurance records on April 1, 2010. As a result, you can verify the insurance information for any car purchased after this date on the IIB website.
But remember that the IIB’s database does not contain insurance policies less than two months old. Additionally, insurance companies only transmit the vehicle’s engine and chassis numbers for new cars. So, to keep track of the state of your insurance coverage, you would need to use these.
Visit the IIIB website and take the following actions:
- Access the IIB’s official webpage.
- Click the V-Seva button once you’ve arrived at the website (indicated with a green icon). This will lead you to a screen where you must enter some crucial information, such as:
- Your name, contact info, and email
- In-person address
- The vehicle’s registration number is shown via an online example.
- Specifics of the incident
- You will see all the facts once you have submitted all the information.
Going to VAHAN e-Services
The Ministry of Road Transport and Highways manages VAHAN, a first-rate resource. Citizens can register for vehicle registration, renew their registration, apply for the appropriate permissions, renew their permits, and do various additional tasks via this website.
Here is a quick and straightforward method to check the information about your two-wheeler policy:
- Access the Vahan website.
- Choose “know your vehicle” from the menu.
- You will be prompted to select an account if you don’t already have one by providing your phone number and email address.
- Click “search vehicle” after entering the information about your car.
- You may check the quality of your policy and see all the details on your device.
To obtain information on the insurance, all these ways need the vehicle’s registration number. The company immediately links the insurance information with your bike’s registration number when you purchase the coverage, making it simple.
Using the insurance company as a medium
By visiting the insurance company’s website online, you may quickly and accurately learn the status of your bike’s insurance. Visit their official website and scroll down to the “How can I check the status of my bike insurance?” section.” You may quickly find out the status and expiration date of your vehicle’s insurance by filling in the registration number of your car there.
You can also phone the customer service line and inquire about the insurance status of your bike if the website is not reachable or you cannot access it. Choose the approach that best suits you to find out how to check bike insurance expiration dates online. Using this approach, you can see your bike insurance policy online easily.
Viewing insurance information using the mParivahan App
The mParivahan smartphone app was developed by the Ministry of Transport. Numerous services in the transportation industry are accessible online on this. Through this App, you can also verify the validity of your auto insurance.
What should you do after checking your bike insurance coverage and discovering that it is close to expiring?
Two-wheeler comprehensive insurance covers liability for third parties and offers protection against financial losses brought on by unanticipated accidents that damage your vehicle. Consequently, investing in two-wheeler insurance or any other insurance product is worthwhile. Reviewing and renewing your bike insurance policy has been made simple and hassle-free thanks to user-friendly technology and digital services. You can purchase bike insurance online India coverage with Square insurance company, making the procedure quick and straightforward. Start doing it right away; it only requires a few simple actions!
The Summary
So stop hopping from place to place. Now that you know online ways to check your bike’s insurance status, you can also buy bike insurance plans. Choose the best approach to learn about your bike’s specifications when it suits you. Keeping this fundamental question in your mind—how to verify bike insurance—is a must. You can also benefit from valuable insurance policy procedures and plans provided by Square Insurance pvt. Ltd , as they will help you ease your process regarding bike insurance plans.
