Tips You Must Check for Authentication of Bike Insurance Policy
You should know tips you must check for authentication of bike insurance policy. The most important thing in any scenario is to ensure that your policy that you have purchased is legitimate and valid and that you are not getting caught up in insurance fraud.
Since insurance for your two-wheeler is mandatory, it is possible that the dealership where you purchase the bike bundles it in with the bike itself. If not, you may choose to purchase the policy yourself, either online or offline. The most important thing in any scenario is to ensure that your policy that you have purchased is legitimate and valid and that you are not getting caught up in insurance fraud. The worst time to find this out would be at the time when you actually have to raise a claim. Thus, make sure that your policy is authentic at the time of purchase itself. Keep in mind the following tips in order to do so.
Tips You Must Check for Authentication of Bike Insurance Policy
You can check the authenticity of your bike insurance plan in the following ways:
1. Confirm with The Bike Insurance Company that the Policy is Genuine
After purchasing the policy, the first step is to check with the bike insurance company itself that it is genuine. The way to do so is to provide your policy number, and if your bike insurance policy is genuine, the company shall provide you with the policy details.
2. Check the Details of Your Bike in the Policy Document
In the insurance policy document, check the details of your bike such as chassis number, registration number, engine number, to ensure that the details are correct and that there is no corresponding error.
3. Check the Details Mentioned In the Policy
Next you should check the extent of coverage as well as the period of validity mentioned in the policy document, and ensure that it corresponds with the purchase that you have made.
4. Research the Insurance Company
Before purchasing insurance from any company, you should thoroughly research them. An important fact to find out is the year since which it has been operating in the insurance sector. Every insurance company is required to be registered with IRDAI (Insurance Regulatory and Development Authority of India). Check the company’s license number and therefore if the company is registered with IRDAI then you can be assured that it is a genuine one.
5. Make the Payment Online
Paying online for your insurance policy ensures the creation of a payment trail which is beneficial in ensuring authenticity for your insurance policy. When you pay online by credit card, debit card, or online bank transfer, you create a proof of payment which helps in establishing authenticity.
6. Check your Email Inbox for a Soft Copy
Ensure that a soft copy corresponding to the correct policy details is sent to your registered email address. This would also help to ensure the authenticity of the purchase process and the policy itself.
Conclusion
It is important to be aware of the risks when purchasing insurance and to avoid any and all fraudulent transactions. You will now be equipped with the knowledge of some of the tips with which you can be aware of fraud and ensure that your insurance policy is genuine and legitimate.
You May Also Like To Read:
Why Should You Buy A Bike Insurance Policy
Facts About Two-Wheeler Insurance You Should Know
Things To Do If You Have Lost Your Two-wheeler Insurance Documents
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.
