National Insurance
Company Limited is one of the best providers of two wheeler insurance in India. A comprehensive National two wheeler insurance policy covers a wide range of damages and theft and also provides personal accident coverage to bike-owners in India. Even a liability only National insurance policy covers liabilities to third parties and pay out financial compensation. However, all the coverage on offer at a National two wheeler insurance policy comes with a price. And, you have to pay the price in form of premium of your National bike insurance plan.
Since National two wheeler insurance policy is mandatory in India, you have to buy and renew National bike insurance plan and pay premium every year. You can't avoid paying premium on your National two wheeler insurance policy but you should know the ways to reduce National bike insurance premium. National Insurance Company Limited provides policyholders with several different discounts so that you can utilize them to lower your National bike insurance premium.
Avail NCB
The most lucrative discount on National two wheeler insurance policy is NCB. If you don't make any claim on your National bike insurance policy you are eligible for certain discounts. You can accumulate up to 50% discount on your National motor insurance plan if you refrain from making claims on your National two wheeler insurance policy. You can make use of this discount to lower the premium of your two wheeler plan offered by National Insurance Company Limited.
Go for Voluntary Deductible
National Insurance Company Limited also offers discount on National bike insurance premium if you opt for voluntary deductible. By choosing higher voluntary deductible, you can get higher discount on the premium of your National two wheeler insurance policy. However, you have to pay the amount you choose at the time of any claim on your National bike insurance plan. So, you have to maintain a balance while choosing voluntary deductible so that you don't have to pay much from your own pocket for a claim and can also avail discount on renewal of your National two wheeler insurance policy.
Be a Member of Automobile Association
National Insurance Company Limited also offers discount to those bike-owners in India who are members of recognized automobile association. You can enroll in any such organization and avail discount on your National two wheeler insurance policy. You can use this discount to reduce the premium of your National bike insurance plan.
Install Anti-Theft Devices
National Insurance Company Limited consider two wheeler vehicles with safety features as less risky than other vehicles and provide discount to those bike-owners in India that incorporate anti-theft devices in their two wheeler vehicles. If you install such devices in your insured two wheeler vehicle, you can also avail discount on your National two wheeler insurance policy.
All these discounts on offer at National Insurance Company Limited can help you reduce your National bike insurance premium. Even though, you cannot avoid paying premium on every renewal of your National two wheeler insurance policy, but you can still keep the premium outgo in check by making then most of these discounts on offer.