How Can I Renew My Bike Insurance Plan With Universal Sompo?

Published On Oct 10, 2021 11:00 AM By InsuranceDekho

Renewing insurance for your bike insurance is not that difficult. Read this article to take a note of the things that you should consider while renewing bike insurance.

Universal Sompo General Insurance has successfully shielded its subscribers from life's terrible occurrences through its well-designed bike insurance plans. The Universal Sompo motorcycle insurance coverage protects you against financial and legal responsibilities resulting from road accidents, theft, and natural and manufactured disasters. It does, however, have an expiration date. To continue enjoying the benefits after the policy expires, it is essential to renew the bike insurance coverage.

How Can I Renew My Bike Insurance Plan With Universal Sompo?

Universal Sompo General Insurance has established a hassle-free renewal procedure for the convenience of its policyholders. It offers helpdesk support to help policyholders address any issues that may arise. The Universal Sompo bike insurance coverage may be renewed online or offline, as described below.

Renewal Of A Universal Sompo Bike Insurance Policy - Online Process

Universal Sompo General Insurance has streamlined the procedure of renewing a bike insurance policy online into three easy steps-

Step 1- Navigate to the official website's renewal page.

  • Visit the Universal Sompo General Insurance Company's official website.
  • A pop-up window with the title "Instant Renewal" appears.
  • Under "Motor," choose the "Renew Now" option.
  • Under the "Two Wheeler" option, click "Renew Now."

Step 2- Complete the policy's information.

After selecting the option mentioned above, enter the policy number and click "Renew Now." The policy's information and premium estimate appear. Proceed to the last stage after going through the information.

Step 3- Pay the renewal fee

You must complete the transaction by paying with a debit card, credit card, or net banking via its payment portal. You will get the policy papers within a few days.

Renewal of a Universal Sompo Bike Insurance Policy - Offline Process

Universal Sompo General Insurance provides two offline renewal options for bike insurance policies-

  • By paying a visit to the branch: This is the conventional method, which you may utilize if you are uncomfortable with the online procedure. The technique is similar. You must give the details of your current insurance and make the payment by bank draft or check. The insurance papers will be sent to you.
  • By calling their official telephone number: You may renew your Universal Sompo motorcycle insurance coverage by calling 1800-22-4030 or 1800-200-4030.

What Are The Benefits Of Universal Sompo Bike Insurance Renewal?

Benefits of Universal Sompo Bike Insurance Renewal-

  • There is no paperwork involved.
  • Roadside help is available 24 hours a day, seven days a week.
  • Take advantage of the No Claim Bonus.
  • Provides legal assistance in the event of an accident
  • Provides a feeling of financial stability and mental tranquillity
  • Extend your coverage by purchasing add-on covers.
  • Coverage for third-party liability in the event of an accident
  • Protects the insured from the uncertainties of an accident and damage to the insured's motorcycle
  • Provides free maintenance and replacement at cashless garages near you.

Take Away

The deductible is a voluntary payment made by the owner of the motorcycle/policyholder if the vehicle is involved in an accident or suffers damage. The insurer pays a certain proportion of the total, while the policyholder is responsible for the remainder as a deductible.

In simplest terms, it is the proportion of the vehicle's value that the owner is willing to pay in the event of damage.

By choosing a large deductible, you may save money on your rates. However, if an event occurs, the person will be required to pay a portion of the resulting damage.

Alternatively, one may choose a low deductible, in which case they will not be required to pay anything in an occurrence. However, the premium will be increased.

Also Read: 

Return To Invoice Bike Insurance Add-On Cover In Detail

Consumables Add On Cover In Bike Insurance And Its Benefits 

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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