If you own a bike in India, it’s mandatory to have a valid third-party bike insurance policy, as per the Motor Vehicles Act of 1988. When buying a new bike, your dealer often includes insurance because it’s required. You can also purchase Bajaj Allianz’s two-wheeler insurance policy online quickly. However, it’s vital to ensure the policy’s authenticity after purchase to avoid the complications of filing a claim under a fake policy.
Ways To Verify The Authenticity Of A Bike Or Two-Wheeler Insurance Policy
Tip #1: Check With The Insurance Provider
Call the insurance provider after purchasing the policy to confirm the validity of the coverage. If the policy is legitimate, you must only provide the policy number listed on the document. The insurance company will give you your policy details.
Tip #2: Verify The Information About Your Bike In The Policy Document
You should review the policy’s specifics and compare them to your bike’s specifications. The policy document includes information about the bike’s engine, chassis, registration year, and number. Verify these particulars to ensure the policy covers your specific bike and there are no typographical errors.
Tip #3: Research The Insurance Provider
It would help if you researched the provider extensively before purchasing a bike insurance policy. Learn about the company’s history, founders, and active period in the insurance industry. Verify the business’ IRDA licence number as well. All insurance companies must hold an IRDA (Insurance Regulatory and Development Authority) licence to sell insurance. If a company has an IRDA licence, it is legitimate.
Tip #4: Check The Policy Details
Find out the start date, end date, type of coverage you have chosen, add-ons like personal accident cover in bike insurance and the amount of the premium paid; consult the policy document. Verify that the Bajaj Allianz two-wheeler insurance policy you purchased provides the expected coverage.
Tip #5: Pay Using The Payment Link The Insurer Sent You
The insurance provider typically sends a payment link to the email address you provided when filling out the online form when you purchase a bike insurance policy. Use this payment link to pay your premium because it will enable you to purchase the policy from the insurer’s website and double-check the contract terms.
Tip #6: Use Online Payment To Create A Payment History
Consider using your debit card, credit card, net banking account, or another online method to pay for your insurance policy. When you make a payment online, you create a record of the two-wheeler insurance Bajaj Allianz price of the premium, which can be used to verify the legitimacy of your purchase. *
Tip #7: Purchase From A Reputable Vendor
The online marketplace has simplified the process of purchasing bike insurance policies. But there are numerous websites where you can quickly purchase bike insurance coverage. To avoid the possibility of purchasing fake policies, you should buy bike insurance online from reputable websites.
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#Visit the official website of IRDAI for further details.
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.
