Choosing the right bike gain utmost prominence. But equal priority goes to renewing your bike insurance on time. Now with the advancement of technology, you can buy as well as do bike insurance renewal online from the comfort of your home. If you planning to opt for a new insurance provider, you can definitely go with renowned insurers like Acko bike insurance, Bajaj Allianz bike insurance, etc. They are some of the top most reliable and well-rewarding insurance providers with a strong Claim Settlement Ratio. Here are all the details regarding renewing your bike insurance online. Read to know more!
What is bike insurance renewal?
Renewing the bike insurance by paying a certain amount of money to continue availing of the benefits it offers, is called the renewing of your bike insurance. After a stipulated time period, your bike insurance will cease to exist, beyond which you cannot claim its benefits. Although there will be a grace period of 30 days to renew your insurance within which you need to process your bike insurance renewal online or offline. Online renewal of bike insurance gives many advantages over offline one. It saves the time and hassle that one has to go through, in order to get the bike insurance renewed.
Why is bike insurance renewal online a good option?
Here are a few reasons that will help you learn why is bike insurance renewal online a good option to consider –
It makes you an aware citizen
When you buy Acko bike insurance, it comes with an expiry date. After this date is passed, the policy expires. One way to avoid this is to renew the Acko bike insurance online in time. If you renew the bike insurance before it expires, your policy continues. Since it is made compulsory by the Indian government to keep vehicle insurance active, you fulfil your duty towards the state by doing this. The most important insurance as deemed by the government is third-party insurance, which covers all the liabilities of any third party involved in the accident.
Keeps you ensured
By going for the bike insurance renewal online, you are prolonging the insurance. This means that the benefits that the Acko bike insurance offers can be availed for a longer time. If the insurance cover expires, you are not eligible to take its support if your bike meets with any kind of accident. The insurance duration for different plans can be different. You need to be deciding a particular duration of your plan while purchasing. Before the expiry of that duration, the insurers notify you regarding the renewal of your bike insurance. You must do that immediately in order to keep enjoying the benefits of your insurance plan.
It helps to keep the NCB active
The No-Claim Bonus is the discount that is given by the insurance providers on the total amount. It is a discount that you can get for not raising any kind of claim during the entire time of the policy. This is a kind of reward that the policyholders get during the time of insurance renewal. You can renew your Acko bike insurance to claim your NCB. If you have a higher NCB, you can even get higher discounts on your bike insurance premium during renewal.
You can renew within minutes
The major advantage of doing your bike insurance renewal online is that you can process it anywhere at any time. All you need to do is to login into your account and renew it within minutes without any hefty documentation process.