Bike insurance policies act like a shield that protects your vehicle in the event of any damages caused due to road accidents. Since road accidents are so common these days, for the security of your own self and your vehicle, buying the best comprehensive bike insurance online is very important.
With a comprehensive bike insurance policy in hand, you can get complete protection against any damage or loss caused to your bike due to any natural phenomenon or man-made catastrophe. Further, mental peace and satisfaction is another thing that you receive with an active bike insurance policy. This is because, you are at low risk in terms of spending a huge amount of money from your pocket in case of any unforeseen event. Hence, it is important to renew your bike insurance online to keep your policy active all the time so that your bike can stay under the protection of insurance coverage.
Thus it is advised to never postpone the renewal of your bike insurance policy. Renew it before the date of expiry of your policy so that you can enjoy uninterrupted protection. Further, if you miss the renewal of your bike insurance and your policy expires, you will not be able to get any coverage for damage/loss of your bike. In that case, you will have to incur the expenses on your own.
Let’s learn more about the renewal process of two-wheeler insurance and what all documents are needed to renew your bike insurance online.
Documents Required for Bike Insurance
Most insurance companies in India list out documents that are required for bike insurance renewal. Depending on whether you are renewing your existing policy with the same insurer or you are porting your plan to another insurance company, the list of documents might differ.
Though most of the documents would be similar in both cases, there would be some additional papers required in case of transferring the policy to another insurer. Moreover, in case of a lapsed policy, the insurer might ask the policyholder to get a set of extra documents.
Policyholders should know the details of the documents that are required for renewing a bike insurance policy.
Documents Required to Renew Bike Insurance
Here are the documents required for two-wheeler insurance renewal:
- Identity Proof like DL, Passport, Voter’s ID card, Aadhaar card etc.
- Address Proof like Voter’s ID Card, Aadhaar card, Passport etc.
- Bike RC or Registration Certificate
- Passport size photographs of the insured
- Earlier bike insurance policy number (if required)
Documents Needed for Shifting Policy Provider of Bike Insurance
Below are the papers required to switch bike insurance policy providers:
- Identity Proof like DL, Passport, Voter’s ID card, Aadhaar card etc.
- Address Proof like Voter’s ID Card, Aadhaar card, Passport etc.
- Bike RC or Registration Certificate
- Passport size photographs of the insured
- Copy of Policy document of the existing/previous insurance
How to renew lapsed Bike Insurance Policy
In case your bike insurance policy has lapsed, here is how to renew the policy:
Though Bike Insurance Online Method
- As a first step, you need to visit the portal of your insurance company to reactivate your policy.
- Provide certain details to help retrieve account details
- You would be able to login to your account after submitting the details
- Here, you can make the payment of the lapsed policy along with fines (if any)
Through Offline Method
- If you have bought the policy through an agent, talk to him/her.
- Alternatively, you can make a call to the insurer to know the process of reactivating the lapsed policy.
- And you can take the required steps as directed by the insurer.
What all things to keep in mind while renewing Bike Insurance policy
Here are some points to keep in mind while renewing your bike insurance:
- Compare the different insurance policies online by comparing plans before deciding on the plan to buy.
- Renew your bike insurance policy before it expires.
- Don’t forget to claim for the NCB or No Claim Bonus if you are eligible for it.
- Use the portability method to transfer the policy to another insurer.
So, by keeping all such points in mind and with complete knowledge of documents, you can stay protected while adhering to the legal requirement of the government for riding a bike.
