How to Renew Two-wheeler Insurance Online After Expiry?

In case if you are riding a bike with expired insurance, then you are bound to face the following consequences:

1. Riding a bike on the roads in India without at least a third party bike insurance is illegal and punishable with a fine of Rs. 2,000 and/or up-to 3 months of imprisonment.
2. A lapsed policy leads to loss of accumulated NCB benefits which can go up to 50% of the own-damage premium of your insurance plan depending upon the number of claim-free years.
3. Moreover, you will be unsafe against any losses emerging because of any third party liability or an accident/mishap.

Bike insurance policy can be renewed online as well as offline. Most insurance providers offer the option of online renewal which is convenient at these times. To renew your bike insurance policy online,

1. Visit your insurance provider’s website and enter your policy number or registered mobile number to log into the system.
2. Upon entering the policy number, you can access the dashboard which includes your policy details.
3. Many insurers include a separate ‘Renew’ option on their homepage.
4. Click on ‘Renew’ and under the option, select ‘motor insurance’ and enter your policy number/bike registration number and follow the directions on the subsequent pages.
5. Select your plan, and pay the premium amount online.
6. Once the payment is completed, insurance companies process the application immediately and send an acknowledgement.

Offline Renewal

To renew your car insurance offline,

• Visit the insurance company’s office and submit the following documents along with a
• Apply for renewal of bike insurance. Submit the following documents while doing so:

• Existing/expired insurance policy document
• Bike registration certificate (RC)
• Valid pollution under control (PUC) certificate
• A government-issued photo ID (for identity verification)
• Request a policy renewal form and fill out important details such as policy number, make, model and variant of your bike and your personal details.
• If your insurance lapsed, then your insurer may inspect your bike before proceeding with your application.
• When you renew your insurance after it has lapsed, you get to choose between third-party and comprehensive cover. Once you make the choice, pay the premium, receive the company’s acknowledgement and within a short period of time, your renewed insurance will be activated.

How To Renew An Expired Bike Insurance Policy?

To renew your expired bike insurance policy, follow the below mentioned steps:

Step 1: Go to InsuranceDekho and provide your bike’s registration number. Then, click on ‘Get your quotes’.

Step 2: Enter the details as required such as your bike’s brand, model etc. Later, fill in your personal details to get the quotes.

Step 3: Compare and choose an insurance policy that is optimum for you depending upon factors like premium, coverage and one that fits within yo

Step 4: Make the necessary payment and your policy will get renewed within a few minutes.

What Needs To Be Done If You Fail to Renew Your Bike Insurance Policy Within The Break-in Period?

Make a note that it is not possible to get your policy renewed after the grace period of 90 days. In such scenarios, you are required to purchase a new policy. However, this leads to loss of accumulated NCB collected over the years.

How Can You Avoid Your Insurance Policy From Getting Lapsed?

To avoid your bike insurance policy to lapse, you can keep in mind the following tips:

• The best method to avoid your policy from lapsing is by getting it renewed on time.
• Sign up for SMS alert services or email for the timely renewal reminder in order to keep a track of the policy’s due date.
• Select a long term bike insurance plan (5 year plan), in order to save yourself from the hassle of annual policy renewals.

Lapsed Bike Insurance Renewal: Things to Consider

Renewing a lapsed bike insurance can be a blessing in disguise for several reasons. Here are a few things to re-do if you renew your bike insurance after your policy lapses.

Browse Plans Online

If you wish to change your insurer, the best moment is to wait till your insurance expires. With so many insurance aggregator platforms in the market, one is spoilt for choice. Make the best use of these platforms to choose the right insurance policy, as they list a healthy assortment of insurance plans that are best suited for your bike's model, make, and variant.

Compare Premiums

One of the best things about renewing a bike insurance policy after expiry is that you get to decide your premium amount. So, while browsing for policies online, calculate the premium and how much you get paid after filing a claim and then make the decision.

Renew Your Policy Within The Grace Period

Most insurance companies offer a grace period to policyholders whose insurance has expired. Some insurers offer a No Claim Bonus discount if you never claimed your old insurance. This is applicable only if you decide to continue with your old insurance provider. If you plan to continue, ensure that you renew your insurance within the grace period to avail an NCB discount.