Let’s start by understanding what are long term two wheeler plans are? If you are looking it from the perspective of a regular plan in all the cases your standard two wheeler insurance plan has a policy term of one year and you have to renew it every year at the end of the term whereas in case of a long term plan the policy term is either two or three years. So you just pay your premium once in two or three year and your bike get covered for the period.
Now let’s look at the benefits associated with buying a long term two wheeler Insurance plan
Looking at the above regular benefits associated with a long term plan what you get as real benefits are few more. In case of both single and long term policies the policy doesn’t get terminated post claims but in case of theft or total loss the long term plan always refunds certain percentage of premium for the full unexpired period of the policy. In case of termination of a long term Two Wheeler Insurance Plans say after 2 years whereas the actual term was for 3 years you have an opportunity to get the refund of the premium of the third year .This happens in case you yourself terminate the contract with the insurance provider minus certain operational cost.
Taking into consideration the long term benefits of the long term two-wheeler plans and get away with the hassles of remembering the renewal date every year it always an effective plan for two wheeler lovers and you always enjoy a peace of mind because of it.