Essential Documents Required to Buy Insurance for a New Two-Wheeler

List of Documents for a New Bike Insurance

Having the right documents offers a variety of benefits. Your bike is insured. And your ride? Covered. Here is a list of documents that may help avoid chaos or confusion. Consider giving it a look.

Identity Proof

This includes documents such as the Aadhaar card, voter ID card, PAN, and passport, among others.

How does it help?

Your identity proof helps prevent any fraud or misuse of your bike’s insurance plan. It is also required according to the KYC guidelines, ensuring that the policy is issued in the correct name.

Address Proof

This includes documents such as electricity bills, Aadhaar, bank statements, water bills, rent agreements, passports, etc.

How does it help?

Providing the right address proof is important for communication purposes. For example, it ensures the right delivery of the insurance. Furthermore, it is also required according to the KYC guidelines.

Pro Tip: Consider using recent address proof, such as utility bills from the past few months, to avoid any confusion.

Registration Certificate of Your Bike

This includes providing the bike's registration certificate to prove its ownership.

How does it help?

The registration certificate of your bike is useful for tracking details such as the engine number, model, fuel type, and chassis number. It also offers details on the owner's address. The registration certificate can be useful when issuing insurance, as well as during the claims processing.

Some Passport-Size Photographs

You may also need two to three passport-size photographs for policy issuance.

How does it help?

These are further used for verification and identification processes.

Your Bike's Invoice

The invoice for your bike highlights the important details related to the purchase. This includes details such as the date of purchase, price, and information about the dealer, among other relevant information.

How does it help?

The invoice of your bike purchase helps confirm the ownership details and the purchase details, like price. It helps insurers calculate the Insured Declared Value (IDV) of your two-wheeler, which is further useful in calculating policy premiums, costs, and other related expenses.

List of Documents Required to Make Insurance Claims for Your Bike

Now imagine you've got your bike insurance sorted. But what about policy claims? Having the right documents is still important to ensure your claims are quickly processed and settled. Here is what you may need.

Duly Filled Claim Form

Duly filled claim form with details related to the policyholder, the bike, the incident leading to the claim filing, etc.

Estimates of Your Bike's Repair

Repair estimates from an authorised garage are needed to understand the extent of the damage. This ultimately helps calculate the claim amount.

FIR Copy

A copy of the FIR is needed for third-party liability coverage or in cases of theft, fire, etc.

Copy of Your Bike's Insurance Plan

A copy of your bike's plan is required to review the policy details, including the premium, coverage, and other relevant information.

Top Tips to Avoid Documentation Mistakes

As mentioned, silly mistakes in your paperwork can lead to serious delays and frustration. To ensure you don't have to deal with the same issues, here are some tips and tricks to help you avoid documentation mistakes.

1. Avoid incorrect or incomplete information. This may lead to policy delays or even claim rejections.
2. Don't skip cross-checking the details provided.
3. In case of any changes, please ensure that you update your personal details, such as your mobile number, address, and more. This ensures the communication needed for claim filing or policy delivery is maintained.
4. Do not forget the no-claim bonus. Failing to use this benefit may result in higher premiums.

Final Word

Buying a new scooter or bike isn't simply about commuting. It is personal and emotional for many of us. Meaning a lot of excitement and emotions, however, it is not supposed to feel exhausting. With some awareness of paperwork, you can have your bike insurance on time, ensuring your bike is registered legally. In fact, having the right insurance isn't just for protection, but also for much more.

It is also mandatory for vehicle owners to have at least third-party liability coverage, as per the Motor Vehicles Act. However, to ensure you choose the right plan, don't shy away from comparing and understanding the plans. On Jio Insurance Broking, you get to choose from a variety of bike insurance plans. Benefit? You can compare policy benefits, features, usage, and more to determine what works best for you and your dream bike.