Become A Two Wheeler (Bike) Insurance Agent

Types Of Bike Insurance Coverage

There are three types of bike insurance coverage in India. It is always better to add covers along with the basic bike insurance policy from your bike insurance agent to safeguard yourself from financial losses caused due to an unfortunate event.

1. Liability-Only Insurance Plan
   The Liability-only plan also known as the third-party bike insurance plan is the most basic of all kinds of coverages. It protects the insured against all the third-party liabilities including injury/death of the third party individual/two-wheeler. However, the insurance plan does not cover any damages caused to the insured’s bike.

2. Standalone Bike Insurance Plan
   The Standalone Bike Insurance Plan provides coverage for the damage caused to the insured’s bike/two-wheeler only. It does not cover any damage caused to the third party. So, if you purchase a standalone bike insurance plan, you need to purchase a separate third-party add-on cover to meet the legal requirements as per the Indian Motor Act of 2022.

3. Comprehensive Bike Insurance Plan
   A comprehensive bike insurance plan, also known as a package bike insurance plan covers all the shortcomings of a third-party two-wheeler insurance cover. It is one of the best coverage plan as it includes all types of damages incurred to the insured and third-party damage. So if there is an unfortunate incident, then the comprehensive bike insurance plan secures the loss for both the insured and the third party.

How To Become A Two-Wheeler Insurance Agent With Choice Connect

You can become a Motorcycle Insurance Agent at the convenience of your home. Whether you are a working professional, businessman, student, or housewife, if you are looking for extra income for yourself and your family, you can become an insurance agent with us.

To become a Two-Wheeler Insurance Agent with Choice Connect you have to :

Step 1: Register on Choice Connect

Step 2: Apply for POSP Training

Step 3: Get POSP Certified

Step 4: Refer Clients

Step 5: Track Lead Status

Step 6: Receive Payout

Who Can Become A Bike Insurance Agent With Choice Connect

Not only as a policyholder, now you can become a part of the insurance sector by becoming an insurance agent with us. To become a bike insurance agent with Choice Connect, here’s what you need to do.

Eligibility Criteria Of A Motorcycle Insurance Agent

Age Criteria
The age of the individual must be at least 18 years.

Educational Qualification
The individual must complete their 12th grade.

Training and Certification
The individual must complete the POSP Training and get a POSP certification.

Is It Mandatory To Buy A Bike Insurance Policy In India

The Government of India has made it mandatory to have a third-party bike insurance policy for every bike owner. The reason is the increase in road accidents. According to the Ministry of Road Transport and Highways, two-wheelers contribute to 34% of road accidents in India. So, it is best to opt for a top-up along with the basic policy from your motorcycle insurance agent to protect during emergencies and any unforeseen circumstances.

How To Choose The Best Two-Wheeler Insurance Policy

Choosing the right two-wheeler insurance policy among so many insurance companies in India can be a daunting task. The best policy is obviously the one that suits your requirement and fits your budget. You need to:

• Compare policies online
• Check add-on insurance covers
• Research about the company
• Read the claim settlement process
• Check the claim settlement ratio of the company
• Check for the “No Claim Bonus” facility before renewal

Things To Consider While Buying A Bike Insurance Policy Online

In India, most bike owners opt for a bike insurance policy because it is an obligation. Most of them are not aware of the importance of a bike insurance policy when buying a new bike. So, before buying a bike insurance policy online, you must compare the policies in the market, understand the nuances of bike insurance, and that provides maximum coverage in your budget.