While we all love to get our hands on the most affordable two-wheeler insurance coverage, we must also beware of the shortfalls of going in for low-budget insurance policies. Saving money when purchasing a bike insurance policy seems like a good idea, but when you need it to perform, you can find that it falls short of your expectations.
The lowest bike insurance policies can leave you in a terrible plight! If you only consider it from the perspective of the lowest price, the rigours of researching bike insurance – reading numerous reviews online, visiting showrooms, and verifying specifications – might not result in you finding that ideal answer. This is why:
- Insufficient Protection
Low-budget bike insurance may not offer sufficient protection, forcing you to pay out of cash. It’s critical to select a policy that offers sufficient coverage when it comes to something as important as two-wheeler insurance.
- A lack of Extra Covers
Not all of your insurance options might satisfy your demands. With add-ons, coverage gaps are filled, and the system is future-proof. In other words, they add to your coverage and are useful for situations like roadside help, depreciation prevention or personal accident cover in bike insurance. When these extras pay off in an emergency, even though they may raise the cost of your bike insurance plan, you won’t be happy.
- Inadequate customer service
If everything else is equal, the good from the average can be distinguished by the level of customer service. While a cost-saving bike insurance policy will help you save some money, you might not receive all the rapid and thorough responses you were hoping for.
World-class customer service and 24 x 7 claim support are worth paying more for when it comes to something as crucial as claim settlement.
Having said that, At Bajaj Allianz bike insurance, we describe the best bike insurance as having both reasonable costs and substantial security.
What does our two-wheeler insurance policy include?
To begin with, our two-wheeler insurance policy offers your bike a thorough protection package at a reasonable fee. According to us, one should not be sacrificed for the other. With our two-wheeler insurance policy, you receive the following:
- 24/7 Claims Support
Since accidents are unpredictable, we are here 24/7 to help you should a catastrophe occur. In our capacity as your insurer, we strive to perform. Our staff of call claim specialists is available to help you around the clock, day or night. We stay up with your demands no matter your question, whether it’s about purchasing a new policy or handling a claim.
- 50% No Claims Bonus Transfer (NCB)
We think you ought to keep the money you make. When choosing Bajaj Allianz to handle your needs for bike insurance, you can transfer up to 50% of the current NCB. This flexibility enables you to benefit from the most excellent automobile insurance options that can come onto the market. Customer empowerment is the cornerstone of how we conduct business at Bajaj Allianz. *
- Quick Claim Resolution
The speed at which a claim is resolved following an accident affects how soon your bike can be back on the road. Here is where the action begins. After the rude shock of an accident, you can resume your normal activities as soon as possible, thanks to our prompt and efficient claim settlement process. *
- Uncomplicated Renewal Process
It’s like savouring the first round of dessert and then going back for more without waiting in line at the buffet again! You and your motorcycle are always covered, thanks to our simple renewal process. *
All you have to do is visit our website, log in, and complete the renewal information. You can easily renew your coverage with us from anywhere in the world.
* Standard T&C Apply
** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.
# Visit the official website of IRDAI for further details.
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
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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.