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It is evident that the two-wheeler industry is showing no signs of slowing down. The total number of two-wheelers sold in India in 2018-2019 alone was a mind-boggling 21 million with an annual growth of over 5%.
If you are among those 21 million two-wheeler owners, then apart from the kind of two-wheeler you own, you would be aware of the fact that your bike would need two-wheeler insurance; otherwise, you would not be allowed to ride on the road! Not only does your bike need two-wheeler insurance when you buy it, but it also needs to be renewed every year by payment of an annual premium.
There are two ways in which two-wheeler insurance policy can be bought and premiums can be paid: online or offline. Online policies are convenient and more economical because they don't involve waiting in a queue, filling up the form, or dealing with the insurance agent. But the question is - are online two-wheeler insurance policies safe?
The answer is yes, they are! However, you ought to be aware of a few considerations before you purchase two-wheeler insurance online.
When you are buying two-wheeler insurance online, here are some things you should be aware of:
Certification by IRDAI : The IRDAI or Insurance Regulatory and Development Authority of India monitors the insurers or the companies who sell insurance in order to protect the interest of customers.
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