Need Insurance For Your Bike? Know The Reasons To Choose DHFL!

Purchasing bike insurance should be a very thoroughly decided process. Your bike is your most cherished belonging. Accidents of any sort are unpredictable. Thus, you should make sure to purchase the bike insurance policy that offers the most optimal coverage to keep you financially safe in case of misfortunate events. DHFL General Insurance Limited is a major organisation that assists clients in finding the best insurance coverage for them. The industry is licensed and registered under the Insurance Regulatory and Developmental Authority of India (IRDAI). Although the firm is known for its home loans, it provides reliable service under the bike insurance department with its practical policies. 

What Are The Benefits of Purchasing Bike Insurance With DHFL? 

When looking for a bike insurance policy, it's a good idea to evaluate different policies based on different criteria. This is due to the fact that different insurance companies provide various policies at various premiums. At DHFL General Insurance, you can purchase a bike insurance policy that is suitable for you at an affordable premium. The following are the benefits of purchasing your bike insurance with DHFL General Insurance - 

• Legitimacy of The Company 

The most important thing to look for when buying bike insurance is the authenticity of the organisation. When you buy bike insurance from a licenced business, you know you can count on them in the event of an accident. DHFL General Insurance has a Claim Settlement Ratio (CSR) of 75.66% in FY19 with over 4.1 Lakh policies issued. This proves the legitimacy of the industry. 

• Comprehensive Insurance 

When purchasing a bike insurance policy, it is usually preferable to get one that is tailored to your specific needs. Your policy should cover you in the event of a financial emergency and not leave you unprotected. Thus, selecting a comprehensive bike insurance policy will help you to get wider coverage than a third party liability cover. At DHFL General Insurance, you can get coverage for the financial and legal obligations to the third party as well as own damage to the insured’s bike along with a wide range of add-on covers on purchasing comprehensive insurance. However, the price of a comprehensive policy is relatively higher than a third party liability policy.

• Additional Covers

Insurance companies provide consumers with add-on coverage to assist them to acquire the maximum coverage possible. These can be added to your standard insurance policy to provide additional protection. However, in DHFL General Insurance, you can avail additional covers like Zero Depreciation cover and Third Party Cover on purchasing a comprehensive insurance policy. However, you can’t purchase add ons for third party insurance. 

• Cashless Repair Facility 

Accidents can be extremely stressful. At such a stressful moment, figuring out how to pay for the repairs to your bike might be difficult. As a result, one of the most advantageous services provided by insurance companies is the cashless repair service. DHFL General Insurance has over 1,100 network garages that make the repair process of your bike convenient. 

• Seamless And Speedy Services 

Most insurance firms now allow their customers to obtain their insurance requirements online, thanks to advancements in technology. It's critical to buy bike insurance from a provider that has a quick claim resolution process. This will relieve you of the pressure of figuring out how to pay for the costs of fixing your bike's damages. DHFL General Insurance enables their policyholders to purchase, renew and claim their bike insurance online without any hassle and all you need is a stable internet connection. 

Take Away

According to the Indian Motor Vehicle Act, every bike owner must have bike insurance. With the growing number of automobiles on the road, having a bike insurance policy has become more than a requirement. Therefore, make sure to examine several insurance plans and select the one that is most appropriate for your needs.

Also Read:

Benefits of Third-Party Bike Insurance

Common Mistakes While Filing Third Party Bike Insurance Policy

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.