5 Benefits of Long Term Two Wheeler Third Party Insurance
Most accidents on the road involve a third party, which creates the need for two-wheeler third party insurance. As per the Indian Motor Tariff, riding a two-wheeler without a third party insurance policy is a punishable offence in India. And therefore owning a lapsed two-wheeler third party insurance policy may also land you in a series of complications.
An easy way out to avoid this situation is to get a long-term two-wheeler third party insurance policy that takes off a little burden off your mind. Buying a long term bike insurance policy keeps you at ease as it gives you an extended validity period in comparison to 1 year bike insurance plans.
So, apart from peace of mind, are there any other advantages of having a long term bike insurance policy? Read on to know.
Advantages of Long Term Two-Wheeler Third Party Insurance Policy
1. Consistent Premium
Every year, the premium rates of two-wheeler third party insurance policy change. But you can save yourself from paying an increased amount if you buy a long term two-wheeler third party insurance policy.
2. Compliance With Legal Requirements
Having a long term two-wheeler third party insurance policy keeps you covered against legal compulsions that may arise in case of any mishap, for a longer period of time. The insurer will have your back.
3. Easy to Procure
Buying a long term two-wheeler third party insurance policy is very easy to buy. You can buy it in online mode or offline mode whichever works the best for you.
4. No Claim Bonus (NCB)
In some cases, a long term two-wheeler third party insurance has more favorable No Claim Bonus as compared to a short term policy. So, having a greater No Claim Bonus is another advantage of buying a long term two-wheeler third party insurance.
5. Greater Convenience
Buying a long term two-wheeler third party insurance saves you from the hassle of renewing your policy every year. For instance, if you purchase the policy for 5 years, then you will not have to worry about remembering the policy expiry date every year.
Now that you know buying a long term two-wheeler third party insurance is a good deal, you must also know whom to contact when you want to buy one.
At InsuranceDekho, you will find a variety of two-wheeler insurance policies from multiple insurers. On the portal, you can find affordable third party insurance policies, standalone own-damage policies, and comprehensive policies for your vehicle that you can own in a few minutes.
"Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard."