How To Renew Two-Wheeler Insurance After Expiry?
The number of people who own two-wheelers in India is constantly rising. As a result, the number of two-wheeler accidents has grown. So, for your own peace of mind and financial security, you can get a good two-wheeler insurance policy for your bike or scooter. The Motor Vehicle Act mandates third-party insurance.
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Getting two-wheeler insurance is an excellent way to cover the financial risks that might occur if your two-wheeler is damaged; otherwise, you would have to cover the costs out of your own pocket. You should also know renewing your two-wheeler insurance policy is just as critical as purchasing it. Two-wheelers are the most convenient mode of transportation in India for people who commute regularly. If you own a two-wheeler, you must insure it under the Indian Motor Vehicle Act.
How To Renew Two-Wheeler Insurance After Expiry?
Most two-wheeler insurance plans, however, are only valid for a year, and it is your duty to renew it. You have the choice of paying the insurance fees online or offline when you renew the policy. Here is how you can renew your two-wheeler insurance policy:
If you want to make a payment offline, you can do so by following the steps below.
- Visit the nearest branch of your insurance company.
- After you've checked all of your previous records, fill out the renewal form. If there are no adjustments in risk or coverage specifics, there is no need to request a new proposal form when renewing on your own.
- Please submit all necessary documents.
- Pay the invoice.
- Get the receipt.
For making an online payment, you must follow the steps below.
- Visit the website of your insurance company
- Click on two-wheeler insurance
- You'll be taken to a page with two options: Buying policy and renewing your policy. Select the second option.
- You will be asked to enter your insurance number as well as the registration number of your two-wheeler.
- You will be given the option of making a payment, after which you will be redirected to a payment portal.
- Make the payment and your policy will be renewed
Benefits of Renewing Bike Insurance Policy Online
Following are the benefits you can enjoy while renewing a bike insurance policy online -
- It allows you to save both time and money.
- Method is simple and easy.
- There is no need for paperwork.
- There are no officials, or intermediaries involved.
- When renewing a two-wheeler insurance policy online, no inspection is needed.
Also Read:- Bike Insurance Policy - When & How Should You Change It?
Take Away
Physical injury, accident coverage, third-party liability, fraud, and other risks are all covered by a bike insurance policy. As a result, it's important to have your two-wheeler insurance policy renewed as soon as possible. In the first place, you should not let the policy slip because it can cause a lot of problems in the event of an emergency, resulting in needless struggle and anxiety.
In a few simple measures, you can also renew your expired two-wheeler insurance policy online. You just need to enter your information and answer a few questions. Here are a few things to keep in mind when renewing your bike insurance with the same company.
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.
