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Top Online Bike Insurance Policy in India 2025

General Insurance

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August 29, 2019

It’s very easy to purchase a bike insurance policy online. You will get a complete feature and cost comparison with a click of a button. You just need to feed require inputs and make payment to purchase bike insurance online. It is very quick, hassle-free and completely paperless. You can save a lot of time when you opt for an online bike insurance policy.

Bike Insurance provides coverage against theft, loss, and damage against an accident. It is mandatory in India to purchase two wheeler insurance as per the motor vehicle act. Apart from legal binding, it is good to have insurance coverage as it gives peace of mind and guards against financial losses.

You will find multiple options for buying a bike insurance policy online. You have to be aware of your exact requirement and budget to get a good deal. If you are planning to purchase bike insurance and you are finding it difficult here is a complete guide that will help you in making your task simpler.

Also Read – Car Insurance Policy – Unusual Things you should know

In this post, I will cover topic like types of bike insurance policy, key features, and benefits of buying bike insurance online, key factors to consider while buying policy & top online bike insurance policy in India.

Importance of Bike Insurance

Bike Insurance policy provides protection against loss, damage and third party liabilities arising at the time of accident. Let’s understand importance of bike insurance via example.

Suppose Mr.X is bike owner decide not to purchase insurance policy due to whatever reason. Suppose he meets with an accident then entire cost of damage caused during accident will be borne by him. This includes third party damage cost. However, If Mr.X has purchased bike insurance policy the entire cost of damage and third party liability will be paid by insurance company.

Types of Bike Insurance Policies

There are two types of bike insurance policies available in the market.

Comprehensive Two Wheeler Insurance

Comprehensive two wheeler insurance policy is complete coverage policy that provide coverage against loss and damage due to fire, floor, accident and any other unfrozen events. It also covers third party liability claim.

Third party liability only Insurance

Third party liability only insurance is limited coverage policy. It only provide coverage to third party. You will not get coverage of loss or damage cause to your own vehicle.

Online Bike Insurance Key Features & Benefits

Key features and benefits offered by online bike insurance policy is given below.

Easy and hassle-free way to purchase insurance policy
Completely paperless process
Online Plan & Feature comparison
Online discount offers
Zero depreciation coverage
Transfer of no claim bonus
Personal accident coverage
Third party Insurance coverage
Instant policy issue

Key Factors to Consider before Buying Bike Insurance Policy

You should consider following factors before buying any online bike insurance policy.

Policy Premium

The first point you should consider before buying two-wheeler insurance is policy premium. The premium of two-wheeler is calculated based on various factors such as bike condition, claim history, age of vehicle and location. You should buy policy with affordable and competitive premium rates.

Policy Features

You should compare policy features before buying insurance policy. There are certain features which are good to have but you really don’t need them. So make sure to select the best policy features as per you requirement.

Claim Settlement Ratio

Claim Settlement ratio is one of the important indicator in deciding insurance policy. If claim settlement ratio of company is good that means company is settling claims. It is good to purchase insurance with company offering good claim settlement ratio.

Look for Add-on

Add-on is additional benefit that come at the little extra cost above your premium. The add-ons are like personal accident insurance, zero depreciation, medical coverage, pillion rider and cashless hospitalization.

Compare before buying

Always compare policy before buying. There are multiple insurance aggregator available online such as policybazaar that will help you in comparing insurance policies.

Top Online Bike Insurance Policy in India 2025

HDFC Ergo Two Wheeler Insurance

HDFC Ergo Two Wheeler Insurance is one of the best bike insurance policy online. You will get option to buy single year, long term and two wheeler liability only insurance policy at HDFC Ergo online portal. Key features of HDFC Ergo two wheeler insurance is given below.

Easy and fast online process
Overnight car repair service
24×7 Online support
Complete paperless operation
Zero Depreciation add on coverage
Emergency Assistance Cover
Good Claim settlement ratio

IFFCO Tokio Two Wheeler Insurance

IFFCO Tokio is one of the preferred insurance options by many for the two wheeler insurance. It is very easy to purchase online bike insurance from IFFCO Tokio. Key features of IFFCO Tokio two wheeler insurance policy is given below.

Zero depreciation coverage
Coverage from natural calamity flood, earth quake etc
No Claim bonus option
Cashless garage option for repair
Additional personal accident coverage
Third party liability coverage
Average claim settlement ratio

Reliance Two wheeler Insurance

Reliance Two wheeler insurance is presented by reliance general insurance. Reliance offers wide range of insurance coverage with very good features some of them are given below.

Quick and online issue of policy
Fast claim settlement via NEFT
Free repair and replacement service at designated garages
Competitive rates
Customized Add-on options
24×7 Customer support
Policy renewal up to 3 years

Bajaj Allianz Two wheeler Insurance

Bajaj Allianz is next in the list of Top Online Bike Insurance companies. Bajaj Allianz is known for innovative product, customer centric approach and services. Key features of Bajaj Allianz Two wheeler policy is given below.

Easy online purchase and renewal
24×7 customer support for claim settlement queries
SMS service for claim status
Add on – depreciation shield
Covers consumable expenses
No claim bonus
Free services in the selected garages

I hope you have got complete understanding of online two wheeler insurance policies and features.

If you have any query feel free to post it in the comment section given below.

Google Pay Gold – Smart Way to Buy Gold Online

Gold Silver

Shitanshu Kapadia

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August 27, 2019

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Google Pay gold is one of the smart ways to buy gold online. Any Google Pay users in India can buy 99.99% pure 24 karat gold via Google Pay app. The gold purchased from Google Pay will be stored by MMTC-PAMP in secure vaults. The facility of buying gold online is already available through PayTm, Mobikwik, and PhonePe. I have already discussed the features of these apps in my earlier post – 5 Digital Gold purchase options. In this post, I will share detail about features of Google Pay Gold and How to buy Gold via Google Pay.

Google Pay Gold

Key Features

Gold purchased via this app will be 99.99% 24 karat gold.
Gold units purchased via this app will be allocated from MMTC-PAMP in a Gold Allocation Plan (GAP).
The gold rate displayed on this app will be nearly realtime and refreshed every few minutes.
The gold purchase via this method is 100% insured.
Google Pay PIN is required as additional security.
The minimum Gold purchase amount is Rs.1.
Linking of a bank account with Google Pay is required for making payment.
You can buy/sell gold or view your transactions via this app.

Prerequisite of Buying Gold via Google Pay

Before buying gold via Google Pay you need to comply with following prerequisites.

You need to provide permission to access your SIM and phone number to link it with your gold vault. Your current location access is required by app to fetch gold price from MMTC-PAMP. Your bank account must be linked to Google Pay to transfer money and purchase gold. Once you are through with above prerequisites you can go ahead and purchase gold via Google Pay.

How to buy Gold via Google Pay?

Download and Install Google Pay on your mobile.
Open Google Pay App.
Tap on new and enter “Gold Vault” in the search bar. You will be taken to Gold Vault.
Alternatively, you can go to the Business tab and click on the Gold Vault.
You will be able to see a buy button. On Tapping buy button current gold price including taxes will appear on the screen.
Click on the buy button enter the amount for which you want to buy the gold. The amount will be in INR.
You will be allowed to purchase gold worth Rs.49999 without KYC. For amount above this value, you need to go for KYC.
Now you need to select the preferred payment option. It is advisable to link your app with a bank account.
Now Tap on Proceed to Pay option. Your gold vault will be credited by gold units purchased by you.
You will not able to cancel a purchase after the transaction is processed. You can sell it back in the market as per market rate.

The process of selling gold via this app is given below.

Open Google Pay app.
Go to Business tab and click on the Gold Vault.
You will be able to see the sell option.
Tap on sell and you can see the current market price.
Enter the amount of gold you want to sell in mg. Tap on tick mark for the confirmation.
Gold will be sold and your bank account will be credited with a gold amount.

Check Gold Transactions Google Pay

This app also allows you to check your gold transactions on the move. You will be able to see transaction amount, transaction status, vendor, To and From email ID as well as invoice number.

Open Google Pay app.Go to Business & Tap Gold Vault. Find the transaction you would like to see.

Click on the transaction and you will be able to see transaction details.

How to Order Physical Gold via Google Pay App?

You can also get physical delivery of Gold via this app. The gold will be delivered to your home. However, this service is not offered in all the areas. The process of ordering gold via Google Pay app is given below.

Open the app and find out Gold Vault. Tap on the delivery tab and enter PIN code for your delivery address. Tap next button and add gold which you want to order. Once you are ready click on the checkout button. Enter delivery address information and tap on Deliver to this address. After entering correct details click on Pay. You need to pay delivery charges and manufacturing charges for getting physical delivery. Select the payment option and proceed for payment. Once payment is made you will be able to track the status of delivery via Track Delivery option. Delivery is likely to take 1-3 days after placement of order.

Should you purchase Gold via Google Pay App?

It is very easy to buy gold via Google Pay. Anyone can purchase and even take physical delivery of the gold. However, before buying gold via Google Pay you need to consider important points given below.

The Gold Accumulation Plan (GAP) is valid for 5 years. If you are planning to purchase gold for long term this platform is not suitable for you.
The delivery of physical gold is limited to certain areas/address. You need to pay additional taxes, delivery charges and manufacturing charges for getting physical delivery of gold.
It is compulsory to do transaction within time period of 18 months. In case you fail to do so your account will become inactive.
Nominee facility is not available. In case of death of account holder, you need to follow the legal heir process which is time-consuming and cumbersome.
You need to check for applicable taxes and storage charges before buying gold using this app.
Gold purchased via this option is not completely secured.
Terms and conditions of MMTC-PAMP is subject to change anytime.

I hope you have got a complete understanding of god buy and sell process using google pay including benefit and drawbacks. You can buy gold using this app. However, if you are long term investor of Gold, I would recommend buying a Gold ETF.

ICICI InstaBIZ – Business App Review

Personal Finance

Shitanshu Kapadia

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August 22, 2019

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ICICI InstaBIZ is new business app launched by ICICI Bank. This business app is designed to facilitate instant banking and instant business. The target audience for ICICI InstaBIZ is MSMEs and self-employed customers. It is an integration of 115 different services under a single application. Few services offered under this app is completely new. ICICI InstaBIZ is completely free. There are no additional charges levied for using this app. You just need to download this app and register your business. Starting from payment to collection and business loan to foreign trade you can use this app for availing multiple services. Key features and the process of using this business app is given below.

ICICI InstaBIZ – Key Features

The key feature list of ICICI InstaBIZ business app is given below.

Bulk Payments – You can go for bulk payments by using this app. This means you can transfer funds to multiple people at the same time. It can be useful for making a salary at a single go. It allows you to upload multiple transactions and make a payment on the move.

Fund Transfer – It is very easy to do fund transfer using this app. You can use NEFT, RTGS, IMPS and UPI via this business app.

Bill Payment – You can make payment of utility bills such as electricity, gas, mobile, DTH from this app. It is also possible to recharge your DTH using this app.

Tax Payment – This app also allows you to make instant GST payment. You can also make TDS and advance tax payment via this app.

Cash withdrawal & pickup Request – You can give cash withdrawal or pickup request and book the slot. Cash will be delivered or picked up at your doorstep at a given time.

Payment Collection – Unique feature of ICICI InstaBIZ is payment collection. You can raise an invoice and collect payment via this app. The App will generate a link which will be used for making transaction.

Loans – You can avail instant overdraft facility up to 15 lakh using this app. It also allows you to apply for a business loan, personal loan, home loan and auto loan.

Foreign Trade – You will get an online foreign trade facility including view of all foreign trade transactions including compliance and bills.

Business Dashboard – It gives consolidated business dashboard showing all your sales, cash position, invoice and outstanding payments.

Networking Platform – This apps offers you free access to business networking platform. It helps in growing your business. You can connect with entrepreneurs with relevant business opportunities.

Role Specific Access – InstaBIZ offers the facility to provide role-specific access to users. You can assign a financial limit for specific employees.

Auto Reconciliation – Record keeping and reconciliation are pain areas of the businessman. This app helps to perform instant auto reconciliation. This will increase your business efficiency.

ICICI InstaBIZ app can be used by ICICI as well as Non-ICICI bank customers. However, for Non-ICICI bank customer number of features will be limited. They will be able to open current account. This app also help them in getting overdraft loan up to 10 lakh after uploading KYC and bank statements.

Also Read – Best Digital Saving Account in India 2019

InstaBIZ Installation and Activation

You can download InstaBIZ from Google Play store. Once app is downloaded install the same in your mobile.
On opening app you will be able to see login page where you will be find three different options. You can login as current account holder, register as guest or download iMobile app.

If you are Non-ICICI customer you can register as guest and opt for basic functionalities.
If you are ICICI customer you can login using customer account user ID and password.
Once you are login you will be able to explore all features of this app.

If you are looking for demo or if you have any query you can use ICICI website to request call back for this application.

ICICI InstaBIZ Review

InstaBIZ is unique business application that helps you to run and grow your business. Benefits and drawback of this app are given below.

Benefits

115 different services under single app.
Unique features such as GST payment and auto reconciliation.
Doing all transactions on the move anywhere anytime.
Business promotion and networking facility.
Integration with POS machine for payment collection.

Drawbacks

The App is available for the Android users only.
Full functionality is offered only if you are ICICI customer.
Sometimes application performance is slow. It takes time to complete the transaction.

Overall it is a wonderful app for the MSME, self-employed and small business owner. It is an example of ease of doing business and digitization in true sense. You must try this business app once.

CRED App Review – Get Rewards for Credit Card Bill Payment

Credit Cards

Shitanshu Kapadia

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August 18, 2019

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CRED App Review – Get Rewards for Credit Card Bill Payment

There are multiple ways to make credit card payment CRED is one of them. CRED offers rewards for credit card bill payment. CRED is a mobile app that helps you to manage multiple credit cards.

Suppose you have multiple credit cards and you have difficulty in managing credit card payment CRED app is for you. Apart from clearing credit card dues, you can view all credit card statement, recent transactions on a single console. Let’s review the CRED App.

What is CRED?

CRED is a mobile app that offers cashback and rewards on bill payment. The rewards are given in terms of CRED coins. These CRED Coins can be redeemed for various lifestyle products & services. This benefit is on the top of normal cashback and rewards offered by the credit card.

It is AI-based app that also offers features such as due date reminder, spend analysis and other card usage statistics.

It is a membership-only app. You should have excellent credit score 750 or above to use this app. This app uses Experian & CRIF credit score to determine membership eligibility.

How to use CRED App?

Follow the simple steps given below to use CRED App.

Download and install Mobile app form Google Play (Android) / Apple Store (IOS)
Open the app and click on “Apply Now”.
Now enter your mobile number linked to your credit card.
You will get OTP on mobile number.
Once OTP is verified you need to enter your first name and last name.
Now the app will check for your credit score based on mobile number and name.
You need to enter your email id for sending your credit report.
It will display your credit score on the screen. If your score is more it allows you to subscribe to this app.
The app will try to find out associated credit card alternatively you can also add credit card manually.
The app will verify your card instantly.
Now you can make use of this app for clearing credit card dues.

CRED App Review

It is very easy to download this app. The user interface of this app is very good. The step for registration is lightning fast. On the registration is promptly display credit score and add CRED coin balance on the registration.

You will get your Experian credit report on your email id. It also detects your registered credit cards. In case the app is unable to detect credit card you can add it on your own.

The app is integrated with WhatsApp. It is sending payment reminders, hidden charges, and reward updates on Whatsapp.

I have tried to make credit card bill payment of ICICI and it works instantly. I have got CRED coins worth bill payment amount.

Initially, I was worried about the security of app but going through the documentation and other details I found that CRED App is maintaining the highest security standards including application-level encryption. The app security section describes more detail about privacy practice, data security and standards followed by them.

CRED is associated with leading brands such as amazon, levis, Ubar, zamato, cleartrip,flipkart, bookmyshow, bigbasket, ixigo, cleartax, swiggy etc.

Based on my experience pros and cons of this app is given below.

Pros

Single Interface to manage all credit cards.
WhatsApp Integration for bill reminders and hidden charge details.
Instant Credit score reports on registration.
Extra rewards and easy redemption process.
Track of payment history and rewards.
Refer friends and earn additional rewards.

Cons

You need to burn more CRED coins to get any reward offer.
If we compare this app with other apps such as PayTm this app requires improvements in terms of a premium feel.
In review rating few users have complained about customer support.

At last, I would like to say that CRED is a wonderful app that helps you in managing multiple credit cards as well as earning rewards. Credit card geek with a higher credit score should use this app.