Why You Need to Download the Insurance App Today

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It is a well-known fact that you’ll have greater peace of mind when you know that you and your loved ones are financially secure from various unforeseen situations. Uncertainties in life could crop up at any moment, and these situations include an unfortunate death, medical emergency, an accident or damage to your vehicle, property, etc.

Insurance plays a very significant role in avoiding the financial impact of these situations, which generally burn a hole in your pocket. So one single insurance download app can sort out everything for you.

Around six months back, I purchased a new bike from my first salary. Now, if you are a two-wheeler lover, you know that even a single scratch on it causes pain. However, when I was travelling to Shimla, Himachal Pradesh, I met with a minor accident that significantly impacted my vehicle. Luckily, that day I came to know the importance of bike insurance. 

What is bike insurance?

Bike insurance is a policy where an insurance company assures to cover damage to the owner’s bike due to an accident, collision or theft. It also protects against third-party liabilities from injuries to one or more individuals. 

In the current times of digitalisation, purchasing bike insurance online is one of the best options. Believe me, buying insurance from your comfort zone is one of the best things you can do, and I did the same via the Bajaj Finser application on my smartphone. 

Why do you need bike insurance?

The Motor Vehicles Act 1988 states that third-party motor insurance is compulsory in India, so it helps you comply with this act. However, it is essential to consider that not every individual needs to pay the same insurance amount, as many factors come into play to determine the cost of a bike insurance policy. 

(Tip: An insurance download app helps you do everything from your comfort zone with just a few taps on your smartphone.)

  • Legal liabilities

If an accident occurs between a third party and your two-wheeler, there are bound to be legal liabilities. Therefore, insurance offers protection against any third-party liability arising from an accident.

  • Protection against natural as well as non-natural incidents

It protects you from the expenses incurred due to natural disasters such as earthquakes, floods etc. It also covers non-natural incidents such as theft etc. 

  • No Claim Bonus/Discount

If, in any policy year you haven’t made any insurance claim, then during renewal, you’ll receive a substantial discount on the premium payable.

Here is a step-by-step guide on how to avail insurance from an insurance download app – 

  1. Download the Bajaj Finserv application on your iPhone/Android from App Store/Play Store. 
  2. Sign up with your details
  3. On the Home Page, you’ll see a section for ‘Insurance Bazaar.’
  4. Enter your Vehicle Details
  5. Get Quote
  6. Choose the one which suits your budget and requirement

 

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