insurance download app, bike insurance online, car insurance online
Looking back at a time when it was necessary to go to an insurance provider’s office or call random numbers for insurance agents, things have become much simpler these days with the advent of the digital revolution.
As we enter 2024, let us look back at some of the top insurance apps for auto and bike insurance in 2023, see how they fulfil the needs of Indian policyholders and then review and compare their offerings to determine the best insurance download app for your needs.
What is auto insurance?
Auto or four-wheeler insurance is a contract between the policyholder and the insurance provider to protect the policyholder from financial loss due to their car. Whether it is from accident, theft or third-party liability, various degrees of protection are offered to policyholders depending on the specific policy.
In addition to these advancements, several insurance apps have incorporated innovative features, such as a user-friendly QR code generator, enhancing the efficiency of policy management and simplifying the process of accessing important insurance information on the go.
The Motor Vehicle Act of 1988 requires all vehicles to be covered under an appropriate insurance policy before they can ply on the road. Under this Act, the insurance opted for must, at the very least, have third-party liability coverage.
What is two-wheeler insurance?
Like auto insurance, a two-wheeler or bike insurance is a contract between the policyholder and the insurance provider to protect the policyholder from financial loss due to their bike or other two-wheelers. A two-wheeler insurance policy also offers a wide variety of coverages, including from accident, theft or third-party liability based on the policy opted for.
The Motor Vehicle Act of 1988 requires all vehicles to be covered under an appropriate insurance policy before they can ply on the road. Under this Act, the insurance opted for must, at the very least, have third-party liability coverage.
What are some of the top auto and bike insurance apps and their key features?
The following apps are some of the leading providers of car and bike insurance online, each with common and unique benefits that make the lives of their users more convenient.
- Bajaj Finserv
Bajaj is one of the best insurance brokers in the country, selling policies from all of the leading insurance providers. Not only does Bajaj Finserv offer a simple, convenient, and easy-to-use interface, but it is essentially a super app fulfilling all of your financial needs in one.
From all kinds of insurance to loans and investment options like mutual funds, fixed deposits, and stock trading options. Not only this, they also have functions for UPI, easy bill payments, and a mall to buy things at a preferable price online.
- Policy Bazaar
Policy Bazaar is another leading insurance broker in the country. They offer insurance policies and plans from most insurance providers in the country with the ability to easily compare between policies and buy them. They also have an easy-to-use interface for people looking to purchase policies.
- ICICI Lombard
ICICI is one of India’s leading general insurance providers, offering insurance policies and plans for everything ranging from auto and two-wheeler to health and travel insurance. ICICI offers a slightly more complex platform but offers good comprehensive policies. ICICI has more than 12,000 network garages, making them an excellent option for people seeking auto insurance.
- Acko and Go Digit
Acko and Go Digit are both newer insurance providers founded in 2016. Since their inception, they have become preferred insurance providers for many with their cheaper policies and new-age websites. They offer decent policies. However, the mileage may vary depending on where you live, as network garages might be limited as both companies have around 3000-3500 authorised garages.
Conclusion
These are some of the top insurance apps in the country for bike and car insurance online in 2023. As we look back at the strides achieved by these apps in offering better accessibility and convenience to their customers in buying and claiming insurance, we expect even greater strides in the following years as more and more people become educated about insurance and start opting for policies which are beneficial to them and not just to fulfil legal criteria.
