How to Renew a Two-Wheeler Insurance After Expiry?

Expired Bike Insurance? Here are the Consequences

Having at least a third-party liability insurance is compulsory as per the Motor Act. This means when you're riding an uninsured bike, you're also being legally non-compliant.

Here are some other consequences of riding an uninsured bike or scooter with expired insurance.

Legal Penalty

As mentioned, riding an uninsured vehicle is a traffic violation in India. You might end up paying a heavy fine or penalty for the same. For instance, for riding an uninsured vehicle, first-time offenders might need to pay ₹2000. Additionally, you may even get 3 months’ imprisonment.

Loss of No-Claim Bonus

No-Claim Bonus (NCB) can simply be understood as a reward from your insurer for every claim-free year. You may accumulate the NCB benefits and use them for policy premium discounts. However, in case you forget to renew your bike policy within 90 days of policy expiry, you might end up losing all your accumulated NCB.

Requirement of Inspection

Another drawback of not renewing your policy after its expiry is that you might have to purchase a new bike insurance. This would require a physical inspection before issuing a new policy.

No Financial Protection

One of the prominent drawbacks of riding an uninsured bike is having no financial protection. Theft? Bike damage? Third-party liability? All these risks and costs have to be covered from your pocket with no financial shield.

How to Renew Your Two-Wheeler Insurance?

If you're looking to renew your two-wheeler insurance, you can use either of the two methods: online or offline. With online renewal, you may renew your bike insurance quickly and hassle-free. Here is how to do it.

Renewing Your Bike Insurance Online

First, simply consider logging in to the official website of your insurer. Here, you might need to put up details of your previous insurance or information about your two-wheeler. This may include vehicle registration number, details of the policy, and more.

Once you fill in the necessary details and attach the essential documents, consider choosing any additional riders. During the renewal, you might also be offered the choice of making any adjustments to your insurance coverage.

Now, choose a suitable policy that best matches your requirements and budget. Make the online payment to complete the process. Once done, you will get the policy documents via mail.

Note: Once you have your policy details, consider checking them thoroughly to cross-verify your details. In case of any mistake, make sure to contact your insurer and get it changed.

Renewing Your Two-Wheeler Insurance Offline

You may also renew your bike insurance offline. This can be done by contacting your insurer and meeting with them in person. After this, you might have to get your ride inspected. Next, you might also have to submit essential documents. Based on the same, you will get the policy.

Tips on How Not to Miss the Timely Renewal of Your Bike Insurance

Now that you know the importance of valid bike insurance, it is suggested that you renew it on time. This will eliminate the chances of policy expiry. Here are some quick, easy, and effective tips to ensure you never miss the timely renewal of your bike insurance.

1. Use auto-renewal reminders. This can be done using emails or SMS services to ensure you do not miss the important details.
2. You may also consider enabling the renewal alerts with your insurer's mobile app. This way, you'll be getting timely notifications to renew your policy at the right time.
3. You may also consider buying long-term or multi-year policies that are designed for a longer period of 3 to 5 years. Result? Long-term relief and peace of mind.
4. You may also set a digital calendar notification that alarms you 1 month before your policy expires.

Over to You

Thinking of renewing your bike insurance from scratch might seem like a hassle, but it is quite important. It protects your vehicle financially and legally. However, with the right comprehensive bike policy, you ensure you enjoy NCB benefits and protect your bikes against theft, damage, and much more. With a bunch of policies available online, the choice may feel overwhelming.

Here comes Jio Insurance Broking to your rescue. We help you compare a variety of bike insurance plans. Take your time to analyse their benefits, premiums, coverage, and other features to make a well-informed decision.