Many people have invested in health insurance plans to protect themselves from unintentional injuries. They must pay the costs out of their own pockets, which may deplete their savings, to cover the damages brought on by accident to either their vehicle or a third party.*
These costs are for circumstances over which you have no control. Therefore, it is wise to buy motorcycle insurance coverage to protect both your vehicle and your savings.
A contract between a motor insurer and a policyholder known as two-wheeler insurance commits the insurance provider to pay a set amount if the policyholder’s vehicle is damaged or stolen due to an unforeseen circumstance. After the insured pays a predetermined fee known as a premium, the insurance provider bears the fixed amount.
The risk coverage demonstrated for a two-wheeler insurance policy is only valid for a year. When that period ends, the policyholder must renew the coverage by paying the insurance company’s fixed fee or premium. It can be done on your insurer’s two-wheeler insurance app.
An automobile insurance premium can be renewed in one of two ways:
Contact the insurance company
In this case, you must visit the insurer’s office and pay a predetermined premium. You receive a printout of your updated policy and a payment receipt in return.
You can pay your policy premium from the comfort of your home when you pay it online using NEFT, a debit card, a credit card, etc. You can renew the policy online with a single click. You don’t need to waste time waiting and travelling. You only need to renew the policy by visiting your insurer’s website. It is a very favoured and widely used method of payment.
Online two-wheeler insurance renewal comes with its benefits. You receive timely reminders
about your due date, which significantly aids in making timely insurance payments. The payments can also be made on the insurer’s two-wheeler insurance app. It protects you from any premium payment delays, ensuring the safety of your two-wheeler. In contrast to the online method of renewing two-wheeler insurance, the offline method is time-consuming and hectic. It needs a lot of patience and effort.
The procedures for paying premiums and renewing an insurance policy may differ from one insurer to the next. It is advisable to confirm the specific steps for making a secure online payment for the renewal of your vehicle with your auto insurance provider. You are strongly advised to renew your auto insurance before expiration. You can always check the date using a two-wheeler insurance check app.
Common procedures for online two-wheeler insurance payment:
Most two-wheeler insurance companies that accept payments online typically use the following steps.
- Open your insurance website.
- To continue with your online payment, complete the necessary information about your bike on the renewal form.
- Get the premium quote, then pay the amount.
- As proof of the payment, you can print out your transaction.
Get insured anytime, anywhere! Check out Bajaj Allianz General Insurance website to learn more and download the app now.
* Standard T&C Apply
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.