We are often bogged off by reminders at our workplace or home .Probably one of the common reminders is renewing insurance policy every year on a particular day. These can one of the reasons why most Indians ride an uninsured two wheeler today. The renewal rates are as low as 13% two wheeler polices in the country. To handle this rising issue of non compliance the insurance regulator allowed the general companies to launch long term two wheeler plans few years back. Other than getting away from the cumbersome process of remembering the renewal date every year and renewing it from time to time, long term two wheeler plans also have some additional benefits which make it the most efficient option to buy two wheeler insurance plan. Some reasons to look into are: (Are Long Term Two Wheeler Insurance Plans Worth Considering?)
Since the long term Two Wheeler Insurance saves you from the price fluctuation of premium so you generally have to pay an higher premium for the same IDV but if compare by two wheeler Insurance premium calculator the additional benefits that you get it is far more than the cost involved making it the most efficient way to buy a two wheeler policy.