5 Things to Know If You’re Renewing Your two wheeler Insurance for the First Time

Published On Nov 21, 2020 2:00 PM By InsuranceDekho

Renewing your two wheeler insurance policy is an extremely important process which is not only extremely beneficial to you but also required by law. Read all about the important things to know about this process.

The benefits of having a two wheeler insurance policy are well known. Not only is it against the law to fail to have a policy in place for your two wheeler, it is also extremely beneficial to you to have a two wheeler policy active at all times. It protects you in case of many unforeseen circumstances such as damages arising from accidents, natural disasters, and more. For this reason, it is important to never let your two wheeler insurance policy lapse. Renewing your policy is a crucial process and it is important to have all the right knowledge about it. Let’s read about this process and the things that you should know if you are renewing your two wheeler insurance policy for the first time.

Things to Know When Renewing Your Two Wheeler Insurance Policy

Keep the following things in mind when renewing your two wheeler insurance policy.

1. Do Not Let the Policy Lapse

It is best that you make your decision about the renewal and the details of your renewed policy before allowing your original policy to expire. It is illegal to have a lapsed policy and it will save you a lot of time if you make your decisions and initiate the renewal process at least 45 days in advance of the expiration of your policy.

2. No Claim Bonus

If you are renewing your two wheeler insurance policy for the first time, you must look into No Claim Bonus. This is a discount offered to you if you have not raised any claim in the policy tenure. Check if this is applicable to you and make sure that it is applied to the renewed policy.

3. Reassess Your Coverage

You may want to make some changes in the coverage of your insurance plan. The renewal is the correct time to do so. After using your insurance policy for quite some time you would have a good idea of what works for you and what does not, and so you may use this knowledge to adjust your coverage to your needs. For example, you may increase or decrease certain add-on coverages.

4. Recheck Your Details

Make sure to double check any personal details that are mentioned in insurance documentation at this time. If there are any discrepancies, now is the time to correct them. If you need any information like address changed, submit the documentation required and get it changed at this time.

5. Keep in Mind the Grace Period

While it is beneficial to not let your policy expire, it can often happen. In such a situation it is important to keep in mind the grace period which would be of about a month or 45 days depending on your insurance company, during which you would be able to pay the premium and have your policy active again.


Renewing your two wheeler insurance policy is necessary by law and also extremely helpful to you. You are now equipped with the knowledge you need to complete this process seamlessly and to make sure you cover all the required procedures within it.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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