Magma Bike Insurance Renewal
Magma HDI General Insurance has been shielding the policyholders effectively from the financial losses due to the damages caused in an accident. Its cost-effective way to provide the policyholders with the shield against the unforeseen events of life earned the trust of the policyholders over time. However, this policy comes with an expiry date. To enjoy post-expiry benefits, you need to renew the policy.
Magma HDI General Insurance has tried to enhance the experience of the policyholders by digitalizing the renewal process of bike insurance. It even provides assistance through the customer care service. However, you may opt for the traditional offline process to renew the policy. The renewal procedures of Magma HDI Bike Insurance is described below.
Magma HDI Bike Insurance Policy Renewal - Online Process
Magma HDI General Insurance has simplified the renewal process by digitalizing it. You can renew your Magma HDI Bike Insurance policy just by following the steps mentioned below.
Step 1: Go to the policy renewal page on the official website
- Go to the official website
- Select the “RENEWAL” option
- Click on "RENEW NOW" on the renewal page.
Step 2: Fill in the policy details
After clicking on the said option give the policy number in the “Enter policy number” section. Enter the “Registration no.”, “Engine no.” or the “Chassis no.” in the “Enter selected number” section. Recheck the details and proceed for the payment.
Step 3: Make the payment for the renewal
The payment for the renewal can be made using debit card, credit card or via net-banking through the payment gateway of the website. The documents will be delivered in a PDF format via email within a few days.
Magma HDI Bike Insurance Policy Renewal - Offline Process
The policyholder can choose to renew their policies offline. The offline procedures are described below.
- By visiting the branch: You can renew your Magma HDI Bike Insurance policy by visiting the nearest branch. Just give the required documents and pay through cheque, bank drafts or cash.
By dialling the helpline number: You can dial the toll-free number 1800 266 3202 to renew your Magma HDI Bike Insurance policy as well.
Benefits of Renewing Magma HDI Bike Insurance Policy
The Magma HDI bike insurance policy offers the following benefits to the policyholders.
- The process is paperless
- Protects from the uncertainties of accident and damage of the insured’s bike
- Supports to deal with the liabilities towards the third party in case of an accident
- Provides free repair and replacement service at the cashless garages
- Avail No Claim Bonus
- Round the clock emergency assistance
- Extend the coverage by opting for add-on covers
- Provides a sense of financial security and peace of mind.
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Magma HDI Bike Insurance Policy Renewal FAQs
Can I change the tenure of the policy at the time of renewal?
Yes, the tenure of the Magma HDI Bike Insurance policy can be stretched or shortened at the time of the renewal.
Can I transfer the No Claim Bonus at the time of renewal?
Yes, you can transfer the No Claim Bonus of your previous insurer to the Magma HDI bike insurance at the time of renewal to avail the benefits of it.
Can I add any add-ons to my old policy at the time of renewal?
Yes, you can go for several add-on covers at the time of renewal provided you are opting for the comprehensive bi9ke insurance plan. The charges of the add-on covers will be added to the premium./p>
Do I receive the hard copy of the documents if I opt for the offline process?
Yes, you will receive the hard copy of the policy documents within a few days if you opt for the offline renewal process. The documents will be delivered via courier to your address given in the policy details.
Can my contact details be updated at the time of renewal?
Yes, you can change your contact details or any other personal details at the time of the renewal of your Magma HDI bike insurance policy.
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