Long-Term Two Wheeler Insurance Plan: Why is it Much Better?

"I love bikes and I want to make sure I am capable of driving one for a long time and thus, I took a long-term motorbike insurance plan instead of a short-term one." This is something one of my friends told me while I was stuck with the dilemma of whether to go for a short-term or a long-term two wheeler insurance. Since having a third-party and a comprehensive two-wheeler insurance in India is mandatory, not buying an insurance wasn’t really an option. Therefore, after a lot of contemplation and through research about the pros and cons, I decided to take a long term two wheeler insurance plan. 


 Accordingly, if you are planning to buy a bike or are in pursuit of buying a two wheeler insurance for your bike, here are a few advantages of going with a long-term insurance option.

Renewal won’t be an issue: 

Let’s accept the fact that renewing your insurance policy after every year is quite a conundrum. You not only have to find a good insurance policy, you might have to deal with the increased price. On the contrary, if you take a long-term plan, you won’t have to renew your policy again and again or worry about increased prices. 

Freedom from annual inspection process: 

Everytime you renew your insurance, you’ll have to go through the inspection process which later decides the premium amount. Needless to say, you’re free from this hassle for a very long-time once you take a long-term bike insurance.


Bottom line: When you are buying your long-term bike insurance online, you can transfer the existing No Claim Bonus (NCB) of up to 50% with the help of your insurance provider. Keep this in mind while buying an insurance policy.

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