In today’s fast-paced digital world, buying two-wheeler insurance online has become a hassle-free experience, especially for Indian riders. The days of lengthy paperwork and tedious visits to insurance offices are now replaced by a few simple clicks on your smartphone or computer. Digital platforms empower users with instant policy comparisons, secure transactions, and customised coverage options.
In this article, we will explore why the online route is a great way to buy an insurance plan.
How Buying Bike Insurance Online is Beneficial?
The following are the benefits of buying bike insurance online:
1. Decrease in Cost
Before the advent of the internet, intermediaries and middlemen used to get involved in the insurance buying process. Due to the commissions charged by them, the overall cost of buying insurance used to go up. Moreover, the offline method involves a higher operational cost.
When you buy bike insurance online, you can enjoy quite a decrease in cost compared to the offline method.
2. Easy to Compare Different Insurance Plans
Every insurance plan comes with its own set of pros and cons. To make the best decision, you need to read the terms and conditions of each policy and compare what they are offering and what they are not. This task can be easily done on a computer rather than offline.
3. Saves Time
The conventional method of buying insurance requires a lot of paperwork and documentation. You would have to visit the branch office of an insurance company and fulfil the formalities. The scope for bureaucratic delay is a lot more offline than online.
In the online method, very less paperwork is necessary. You simply need to click on a few links and upload a few necessary documents to complete the purchase. It is also easy to do the bike insurance check online. Later, if you want to make any modifications to the policy, that too can be done online.
4. Easy Claim Settlement
The claim settlement process is very smooth online. You can simply enter the details of your claim online and then follow the required process to complete the claim settlement.
5. Safety
Electronic insurance policies are secure and can be conveniently accessed by policyholders at any time and from any location. In the offline method, there is scope for fraud or misinformation by a broker or agent. Such possibilities are eliminated in the online method.
6. Ease of Transaction
Customers can complete transactions from the comfort of their homes at any hour. An online transaction can be completed in a couple of minutes, and after that, you will be the owner of an insurance plan.
7. High-Quality Customer Support
Digital insurance companies typically offer various channels for customer support, including email, chat and phone. This means that assistance is readily available whenever you need it.
Whether you have inquiries about your policy, wish to make adjustments, or need help with a claim, reaching out for support is as simple as sending a message or making a call. This level of accessibility helps create a seamless and convenient experience for policyholders.
8. 24 x 7 Availability
You can access bike insurance online at any time, day or night, without being constrained by traditional office hours. This means you can purchase coverage whenever it suits you, at any location. You don’t need to travel to a dealer or insurer’s office during standard business hours. This level of convenience allows you to obtain the protection you need without disrupting your daily routine.
Myths Debunked About Bike Insurance Online
In this section, we will debunk some myths about bike insurance online:
● Myth 1: You Won’t Get Personal Assistance
While traditional brick-and-mortar agencies provide agents for face-to-face guidance, many assume that online platforms fall short in this area. In truth, numerous online insurance providers deliver robust customer service.
These companies typically feature dedicated support teams that are accessible around the clock.
● Myth 2: Online Bike Insurance is Costly
Many people think that purchasing bike insurance online tends to be expensive. In reality, online platforms can provide lower premium rates by cutting out middlemen and agents. This approach removes the additional expenses related to physical offices and commissions for agents.
● Myth 3: It is Difficult to Buy Online Insurance
Due to a lack of knowledge, some people assume that buying insurance online is complicated. But the reality is quite the opposite. Digital platforms are designed to streamline your buying experience. They are characterised by user-friendly interfaces, clear guidance, and minimal paperwork. Additionally, advancements in technology have allowed insurance providers to speed up the process of issuing policies.
Bottom Line
To conclude, it is much more simpler and cost-effective to apply for bike insurance online rather than offline. You can compare different policies and see how they measure up against each other. It is a safe method to purchase insurance and requires a minimal amount of time. If you want to update or check your policy, that too can be effortlessly done online.
