Did you know? India is the world’s largest two-wheeler market where bikes and scooters are the most preferred means of transport. With around 21 million two-wheelers plying on the Indian roads, we are also subjected to the most accident-prone surrounding. Well, the numbers speak about this loud and clear.
India witnessed a total of 4,67,044 road accidents in the year 2018 which included those of cars, trucks, cyclists and pedestrians. What’s noteworthy here is that two-wheeler accidents contributed the most to this number, 35.2 per cent to be precise. The objective of the statistic is not to scare you but to convey that accidents and mishaps could be lurking around every corner in India, and across the globe.
This is where bike insurance comes in the picture as a saviour. From bearing third-party liability costs to covering treatment expenses of your co-passenger, insurance helps you to be ready for any potential trouble and acts as your prime rescue. However, as important it is to get your two-wheeler insured, it is equally vital to choose the right brand which is reliable, quick to respond and gives the best outcome for your hard-earned money.
A host of insurance brands available in the market might put you in a dilemma of choosing the right one. To help you out, here are the five aspects you should be looking for while opting your two-wheeler insurance.
1. Instant Support
After purchasing the insurance, there are times when you need a buddy to help you out in understanding the nitty-gritty of claiming it and availing the benefits. It is of utmost importance that the support team of your insurer is prompt and ever-ready in assisting you with claims and updating you about it through different modes of communication, 24X7.
2. Quick Claim Settlement
As calamities come uninvited, help needs to be available as soon as possible. You may not want to be doing a bunch of paperwork while going through the trauma of your bike’s theft or accident. The insurance brand should make sure its benefits don’t just reach you in time but the entire insurance claim process is also easy-peasy. Moreover, the geographic reach of the brand also plays an important role in lending you a helping hand at the earliest.
3. Transfer of No Claim Bonus
While insurances are there to be ready for bad times, it is also a sole responsibility of the owner to be vigilant and not let a mishap take place. In that case, wouldn’t it be welcoming to get perks if you've been extra-careful throughout the year? That perk should come in the form of NCB (No Claim Bonus) which is a bonus issued to you after a year spent without any claims.
4. Personal accident cover for pillion rider
A person choosing to be your co-passenger means he/she has enough trust on you to lend their safety in your hands. In that case, it is your duty to make sure that the pillion rider is also covered and gets all the financial assistance needed in an event of an accident.
5. Hassle-free renewal
Once you have purchased a policy, the two wheeler insurance renewal process every year shouldn’t be as long as getting a new insurer. It should be a fast and easy online process as some of the lazy pandas amongst us might leave the bike uninsured for a long time to avoid a strenuous renewing process.
Now, talking about insurance providers, Bajaj Allianz General Insurance is one of the names which has the aforementioned deliverables at its core. In the business since 2001, Bajaj Allianz General Insurance has been playing a major role in lightening the burden of its customers in tragic times with a number of facilities available in its catalogue.
While its vast network of cashless garages assists you across India, its round-the-clock assistance and speedy claim settlement procedure ensure help reaches you in time. When we say ‘speedy’, it’s literally within 30 minutes, along with on the spot service. Moreover, exemplifying Bajaj’s reliability is its top-notch CSR (claim settlement ratio). For the uninitiated, CSR is the ratio of the number of claims settled by the brand as compared to the number of claims received.
Given the plethora of two-wheeler insurers in the market today, it is easy to blindly opt for one of them and get done with it. However, besides the joy you experience while riding your beloved bike or scooter, it is also your responsibility to choose credible insurance and be prepared for whatever comes your way.
