GENERAL INSURANCE BLOG

The recent sales trends indicate a pickup in demand for two-wheelers in India as the Indian consumers have begun spending at par with pre-pandemic levels. However, Indians continue to undermine the importance of having insurance for their two-wheelers. Although made compulsory by the IRDAI to purchase a long-term third-party insurance plan, many still don't follow the mandate.

With the plethora of online resources available, there is no excuse for delaying insuring your two-wheeler anymore. Most insurance providers have made their services accessible online, making it extremely straightforward to purchase 2 wheeler insurance online.

Read on to debunk eight common myths surrounding purchasing 2 wheeler insurance online.

Myth 1: Purchasing online insurance requires you to be a tech-wiz.
False! It is incredibly effortless to purchase an online insurance plan for your two-wheeler! You only need a stable internet connection, basic vehicle details, and your personal details. Once you choose an appropriate policy on the insurance provider's website, fill up the data, and you will be redirected to the payment gateway.
Upon successful processing, your insurance policy details are emailed to you. It's just that simple! If it appears to be difficult, you can always refer to our simple 5 step guide to help you get the best 2 wheeler insurance online for your vehicle.

Myth 2: Online insurance is expensive when compared to offline.
Online insurance eliminates a middleman's interference, thereby eliminating any additional commission. Your insurance provider also gives further discounts and other benefits when purchasing insurance directly. How much better can it get?

Myth 3: It is complex to switch policies when purchased online.
What does the internet do? It makes things convenient! Purchasing online insurance is the easiest way to switch between plans. Although it is recommended to upgrade your policy rather than switching insurance companies, it is also quite simple if you need to change your insurance.

Myth 4: Making claims on insurance purchased online is challenging.
While the process of claim settlement varies from company to company, it has nothing to do with the mode of buying the insurance policy. The proper documents and proof according to the company's procedure will result in successful claims and reimbursement.

Myth 5: There are very few options to choose from.
Incorrect! With technology, comparison becomes easy, and so does accessing a wide range of options. Your preferred insurance company most likely provides a comparative differentiation between different plans, further simplifying the process.

Myth 6: 2 wheeler insurance online is risky.
Online insurance very clearly states what is included and what's not. It is transparent and comes with no hidden cost. The payment options are also safe and keep your data protected. There is clearly no risk in purchasing online insurance.

Myth 7: Purchasing online insurance leads to data leaks.
If you choose to purchase online insurance, you can rest assured that your personal, vehicle and payment details are in safe hands. All reputed insurance companies do all they can to keep your data safe.

Myth 8: No assistance provided.
Most insurance companies have live chat, email, and customer services options that allow you to get in touch with a professional in case of any queries or issues. Although it is easy to self-navigate through the process, you can still always ask for assistance.

Most myths surrounding online insurance arise from misconceptions. We have attempted to debunk all these misconceptions about buying two-wheeler insurance digitally. The future is digital, and we should be ready to welcome it by taking these small measures of making investments online. Purchasing insurance online is completely safe and provides significant value to your two-wheeler. Without further delay, make the purchase now!

Click HERE to compare and buy 2 wheeler insurance online.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Everyone from all ages and walks of life enjoys exploring new places, and there can be no better way to discover the best of India's exciting destinations than a road trip. Have you ever wondered why?

From city commutes to long-distance planning vacations, travelling by road has a special sentiment that binds travellers to its charm. After the restrictions for the pandemic have been lifted, travel by road has become all the more prevalent.

There are many reasons why road trips are considered the best way to travel. However, it is also important to prioritise your safety when taking up a road journey. Investing in personal accident insurance plans is the best way to do this. Go through the terms and conditions and understand the benefits offered if you ever find yourself in a problem and decide to claim your insurance.

Let's look at some of the perks of travelling by road to explore places.

1. It is more convenient and less stressful:
When you travel by road, you can connect with the quaint interiors of the country and visit offbeat places that can only be seen by road. Road journeys are convenient and hassle-free as you get the luxury to take as many pit stops as you want and enjoy your trip.

2. There will be no baggage issues:
When you're on a road trip, you will have the complete freedom to choose the luggage you carry with you. You will not be restricted to any limited baggage size or weight and can pack a significant amount of your wardrobe in your car.
This way, you do not have to repeat the same shirts on vacation. You can also carry things like a mini fridge or a large bag full of snacks and make your vehicle appear as a cool campervan.

3. It provides flexibility:
With road travelling, there is a lot of room for flexibility. You will not be restricted to any timings or protocols you must follow. The restrictions can take the fun out of travelling. But, when you have a personal vehicle at your service, you do not have to wait for public transport to take you to places. You can venture into the unknown without any questions asked.

4. They are easy on the pocket:
Road trips are easy on your pocket, especially when travelling with a group. As the pandemic restrictions are lifted, the cost of travelling by air or train has increased significantly. Although the fuel prices are high, they can still be lower than the cost of travelling by other means. Apart from that, the fuel cost will be equally divided when travelling with friends.

5. An immersive experience:
Travelling by road offers a myriad of experiences that are second to none. The long stretch of national highways, good inter and intra-state connectivity, plush food and shopping options, thrilling countryside roads, mountains, etc., make road trips exciting. Watching the sunrise next to the highway and sipping tea as you move towards your destination is a fantastic feeling that only road journeys can offer.

You should plan at least one road trip a year to better understand what makes exploration by road unique. Road journeys, rather spontaneous than planned, are one of the most memorable experiences. Take your friends or family along or plan it solo, just pick a destination and set off to discover places where roads lead to perfect moments.

No matter where you travel, you should always abide by the traffic rules, wear seatbelts, and carry all the essential documents. It is advisable to ensure your safety on roads and invest in personal accident insurance plans that can cover your medical expenses if ever you meet with an accident. With all this said, get ready to conquer the roads and absorb the vibrancy of places to make unforgettable memories.

Click HERE to know more about personal accident insurance plans.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

A car is usually the second most sought-after asset for any household in India after a home. Buying a car is not an expensive affair anymore as it is easy to get a car loan and repay it through a fixed monthly deduction from your account in the form of EMIs. But wait, there is more. You need to consider many other aspects than just the car's initial price.

You will incur many other expenses towards your car in the form of annual insurance renewal, fuel, maintenance, repairs, etc. You have to consider all these expenses while planning for a car.

Let us go through the best ways to manage your car financially.

1. How much to spend:
The first question that comes to mind while buying a car is how much to spend on it so that you are comfortable enough to meet the down payment, monthly EMIs, and other running expenses. You need to make a budget and jot down your monthly income on one side and current expenses, including other loan repayments, on the other side. It will give you a fair idea about how much spare money is left with you each month that you can spend on the car.
If the proposed EMI is more than the spare monthly money, you should go for a car of lower value. Understand that cars are meant to give us convenience rather than a financial burden each month.

2. Make a big down-payment:
Try to make a big down payment for your car, which will reduce your loan amount and ease the pressure on you to repay it in the following years. Also, you can bargain well for the interest rate when you seek a smaller loan.

3. EMI management:
Go for a shorter duration loan tenure. The longer the loan repayment period, the higher the interest you will pay on your car loan. By clearing your loan quickly, you will become the valid owner of your car much sooner and can sell it if you wish.
Once you have fixed the tenure, ensure you get all your EMIs. Missing an EMI will harm your credit rating. Poor credit rating makes it difficult for you to get a new loan from a bank or a financial institution for any purpose. Moreover, if you miss a few EMIs, the repossession agents will take away your car. This can be a major embarrassment for you and cause a lot of mental agony and pressure.
Your misery does not end here. If the lending institution auctions your car for a lesser amount than what you owe them, they will still come after you to get back this deficit.

4. Go for an extended warranty:
You often get an extended warranty with your car against some extra payment. This payment may pinch you initially, but it can be very useful if your car malfunctions during the warranty period. The warranty will cover the repairs and renewal expenses, and you will save a lot more than what you paid for the extended warranty.

5. Car refinancing:
After taking a loan while purchasing the car, you may find out that you are getting a better deal on repayment or interest from some other lender. In such cases, you can opt for a car refinancing facility. This will replace your existing car loan with a new one from another lender and help you save money.

6. Talk to your lender:
Sometimes it may become inevitable for you to repay EMIs due to financial constraints. In such cases, feel free to talk to your lender and modify your repayment schedule. After all, no lender wants to take the pain of repossessing your car and arranging its auction if an alternate payment schedule is available.

It is important to manage your car’s finance in the best possible way. You will enjoy a good credit rating from the agencies and save money by paying the lower interest on your car loan.

Car insurance is another way to manage your car financially. It will provide security and cover all expenses if your car gets stolen, has an accident, or gets damaged due to natural calamities such as a fire or an earthquake. Buy car insurance online India and save further on insurance costs right from the comfort of your home. It’s time to make the right investment to get the best returns.

Click HERE to purchase car insurance online India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Road trips are one of the best ways to rewind after a hectic work schedule. With the constant work-related stress of life, it's imperative to get out of your house once in a while to gain a fresh mindset and increase one's productivity. For women especially, such trips at least once a year are vital to set free and get rewarded for all the hard work. But whenever travel and women come together, emotions go out of bound. From planning the itinerary to packing up stuff, the excitement of the trip can be felt way before its commencement. However, packing can be quite a herculean task in itself.

Deciding which items are essential during a road trip can be confusing. Following are a few packing tips that can be a saviour for women travelling solo or in a group.

1. Luggage:
Handbags are a woman's best friend on a road trip. Lugging around your suitcase on a road trip does not sound ideal for anyone, especially on road trips where you're constantly on the move.
The primary concern with a handbag full of stuff is that they take a toll on your shoulder and hands, which is easily avoidable if you take a backpack that fits your body correctly. This helps the weight to get evenly distributed across your back.

2. Clothing:
It is recommended to bring as few clothes as possible without running out of options of clothing to wear. Select the clothes in such a way that you can mix and match them to make different combinations.
It's always advisable to bring a higher number of undergarments, though, as there might not be a lot of opportunities to clean clothes along the way.

3. Toiletries:
Bring along your toiletries in a small, travel-friendly pack and keep it in an accessible place so that it is not a hassle every time you stop at a hotel for a night's stay.
Most hotels provide bare essentials, but it's always best to carry your own. Bring along minimal makeup for the trip in sample-sized containers to avoid it taking too much space in your luggage.

4. Entertainment:
Road trips can get a little boring at times, with endless roads to travel before reaching the destination. When looking out the window to see the scenery becomes too monotonous, you need a good book to read to pass the time.
So, get that book you meant to read for the longest time along with you in your backpack. If you're travelling with friends or family and looking for a group activity, blast your favourite playlist in the speakers to make a memorable ambiance in the car!

5. Safety products:
As a woman traveller, the top priority is safety. It can be unsafe for lone female travellers to travel on deserted roads to unknown places, especially at night. But that's no reason to stay holed up in your house all year. Getting a lock for all your belongings is essential to prevent them from getting stolen.
Also, for your personal safety, get a personal alarm that rings loudly if you press it. This is a better alternative to pepper spray as it is legal in all countries and is small and easy to carry around. Also, check up on your private car insurance India to have a backup in case your car breaks down in the middle of the trip.

Road trips can be an exhilarating experience for those who want to rejuvenate themselves after monotonous weeks of work. You can make packing less daunting and more enjoyable by bringing the above tips into practice. If you are travelling solo, then get your car serviced properly before setting off on the trip. Also, check the crucial documents like your driving licence, car's PUC, and insurance papers. Be up to date with your private car insurance India to stay stress-free during the trip. Happy travels!

Click HERE to know more about private car insurance India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.