Policy Bazaar Bike Insurance Renewal Claim Customer Care Number Online 2024: Friends, we keep hearing about insurance in our daily life. Many times we must have got insurance done. In fact, whenever it comes to any insurance or loan, we get scared of these words. We think that all this will be understood by those people who are giving their services in the field.
If you are also afraid of words like insurance, then you do not need to be afraid at all. In today’s article, we are going to give you all kinds of information related to insurance. Today our topic will be “How to get bike insurance from Policy Bazaar”.
In this article, we will discuss in detail all kinds of information related to insurance. Mainly we will discuss what is insurance? And how many types is it? Also, we will learn how to get bike insurance from Policybazaar. So friends, let’s know about insurance and how to get bike insurance from policy market.
What is bike insurance policy?
Bike insurance policy is one such contract between the insurance company and the customer. Based on which the customer has to pay some premium amount at the time of purchasing the policy. The company gives this facility to the customer after paying the premium amount.
If the customer’s bike suffers some natural damage in the future, then it is compensated by the company. This loss can be of any type. Such as bike being stolen, getting damaged in an accident or any other natural loss. In all these situations, financial assistance is provided to the bike owner by the company.
Any insurance policy is certified by IRDA i.e. Insurance Regulatory and Development Authority. You can also understand bike insurance in such a way that it is a contract between the bike owner and the insurance company. Under which Bike Honor has to pay some premium amount to buy the policy.
This premium is paid for a fixed period of time. If there is any natural damage to the customer’s bike during this fixed time, then it is compensated by the insurance company.
Insurance of any vehicle is mandatory under the Indian Motor Vehicle Act. The Motor Vehicles Act came into force in 1988. If the owner does not have insurance under the Motor Vehicle Act, then in this case he may have to pay a fine. Also, legal action can be taken against him. “Policy Bazaar Bike Insurance Renewal Claim Customer Care Number Online 2023”
What are the types of bike insurance?
Now let’s talk about the different types of insurance policies. There are mainly three types of insurance policies.
- First Party Bike Insurance
- Second Party Bike Insurance
- Third Party Bike Insurance
Let us now get detailed information about all of us.
First Party Bike Insurance
First party bike insurance is a match for all the three main types of insurance. Under First Party Insurance, if the owner of the bike is injured in an accident, or the bike is also injured.
So in this situation the company provides financial protection to both the owner and the bike. In First Party Insurance, both the vehicle and the owner of the vehicle are financially compensated by the company.
Second Party Bike Insurance
Second party insurance is called insurance in which the vehicle owner pays an amount to the insurance company as a premium, and in return for the amount, the insurance company provides an insurance policy to the customer. By the way, second party insurance does not have any concept in the insurance market, it is just a term.
In the second party insurance policy, the second party is called the insurance party.
Third Party Bike Insurance
In this article till now, you must have come to know about first and second party, it is called in third party insurance policy. Which causes an accident with your bike or other vehicle.
In simple words, if the person who is injured by your bike makes a claim against your bike, then this person is called a third party. Third party insurance is one in which the insurance policy provides financial assistance to the vehicle owner and the vehicle as well as to the person who is injured.
Whenever we buy a new motorcycle, it is mandatory to buy third party insurance for 5 years. On buying a commercial vehicle, we have to buy third party insurance for 3 years. “Policy Bazaar Bike Insurance Customer Care Number, Renewal, Download Online”
Why should one buy bike insurance policy?
Friends, whenever we travel, there are always chances of accidents on the road. In such a situation, we need financial security at the time of any untoward incident. Insurance is bought only to guarantee financial security.
The vehicle owner gets financial protection by purchasing a two wheeler insurance policy. If the vehicle gets damaged in an accident, then in this situation financial security is provided by the insurance company for the repair of the vehicle.
If the owner of the vehicle is injured in an accident, then the insurance company also compensates the owner of the vehicle. Along with this, there is also the benefit of buying an insurance policy.
If someone else gets into an accident with your motorcycle, you can also compensate for that through an insurance policy. Due to all these reasons bike insurance policy should be bought as well as you get a peace of mind by having an insurance policy. You ride your bike in peace.
How to get bike insurance from Policy Bazaar
Friends, now we will talk about how to get bike insurance from Policy Bazaar.
- To get insurance from Policy Bazaar, first of all you have to visit to official website of policy bazaar
- Where you will see many insurance related options on the home page.
- As you want to buy bike banana insurance policy then you have to click on Two wheeler insurance. Where you will be asked for information related to your bike.
- Now choose the insurance company from which you want to buy the insurance policy.
- Now you have to choose the model, variant and CC of your bike.
- After this you have to enter the registration year. If your bike is new then you can click on I have a brand new bike.
- Now you are shown the premium charts of the insurance companies.
- After all this you have to choose the NAV value.
- Now in the required information, you will have to give information like your name, mobile number, email address, pin code.
- After this you have to click on Continue to Step 2. In the second step, you will have to give other important information like entering the name of the nominee, his/her age and go to the third step.
- In the third step, you have to provide the bike’s registration number, engine number, chassis number, registration date, etc.
- After this you have to verify your details in the last step, after verifying the details, you pay the premium. For payment method, you can choose medium like UPI and Debit card.
- In this way you can insure the bike from Policy Bazaar.
How to download Two Wheeler Insurance Policy Document?
Friends, if you buy a two wheeler insurance policy from Policy Bazaar, then you do not have to worry much about the policy document. Because while buying insurance from Policy Bazaar, Policy Bazaar asks you for your email address. After paying the amount, the policy document is sent to the email ID.
You can get the policy document by going to your email. Download it from here and keep it safe as it may be needed in future. Apart from this, go to the official website of any company you are using the policy. Here you will be asked the type of policy.
Click on it. Now you have to enter all the necessary information about your policy here. After that you have to verify the policy. Now you can take a print out of the policy. You can extract your policy document in any of the following ways. “Policy Bazaar Bike Insurance Renewal Claim Customer Care Number Online 2023”
Why buy Two Wheeler Insurance from Policy Bazaar?
Now let’s talk about the benefits of buying two wheeler insurance from Policy Bazaar. Friends, we should buy two wheeler insurance because of this.
- With Policy Bazaar, you can order two wheeler insurance from your mobile phone in just a few minutes.
- You do not have to pay any additional charges for buying Policybazaar Two Wheeler Insurance.
- You do not even have to provide any information about your previous insurance. If you are getting the insurance done in between 90 days.
- You do not have to go through any paperwork to buy an insurance policy.
- Policy Bazaar’s team helps you to settle the claim.
- Policybazaar provides online support to its customers.
Bottom Line: (Policy Bazaar Bike Insurance)
Friends, today we got the information about “Policy Bazaar Bike Insurance Renewal Claim Customer Care Number Online 2024”. Hope you have got all the information about insurance related to two wheelers through which article. For more such important information, you can visit our website. Where many other information related to insurance has also been given.
Do share this post to your friends who want to buy insurance. So that they get all kinds of information related to insurance in a single article. If you have not understood anything, then you can ask it in the comment section. Your answer will be given soon.