Top Benefits of Bike Insurance Renewal Online

1. The Law Asks You to Do It
   Just so you know, your bike insurance renewal is not just a choice. But much more than that. According to the Motor Vehicles Act of 1988, it is mandatory for all vehicles in India, including bikes, to have a minimum of third-party liability insurance.
   Therefore, renewing your bike insurance on time ensures you stay a law-abiding individual and avoid any kind of penalties or fines.
2. Your Insurance Coverage Remains Tight
   This is one of the most cliche yet significant benefits of bike insurance renewal. By renewing your policy, you ensure comprehensive coverage with protection against factors like accidental damages, fire, theft, third-party liabilities, and more. Bike insurance aims to offer you financial support against unforeseen circumstances.
3. To Avoid the Disadvantage of Break-ins Policy
   As discussed, a policyholder needs to renew their bike insurance before its expiry. In fact, insurers also offer a certain period after the expiry to renew your policy. This period may differ from one insurer to another. However, if you fail to renew your insurance even after this period, your bike insurance will be interrupted. After this period, the company will call for a bike inspection or even increase your premiums with a new policy.
4. You Enjoy Premiums with Discounts
   With timely renewal of your bike insurance, you get to enjoy a certain discount on your bike premiums. However, you need to understand that you're eligible for this benefit or No Claim Bonus only if you've not raised claims during your policy tenure. By timely renewing your insurance, you get to enjoy discounts of up to 50% on your premiums.
   Remember: In case your policy expiry period goes beyond 90 days, a new NCB cycle starts, and the old one expires.
5. To Compare and Make Informed Decisions
   As your policy expires and you want to renew the same, it is one of the best times to take a quick review of your bike insurance. You can review and compare its coverage, price, features, and much more.

On Jio Insurance Broking, you can read about different types of two-wheeler insurance policies available for you. This includes policies like comprehensive insurance, third-party insurance, and own damage. You can compare each of these policies, understand which one better suits your needs, and also switch from one to another. In addition to that, you can also choose to add more add-ons like zero depreciation, roadside assistance, consumables cover, etc., to make your policy more comprehensive.

Did you know with Jio Insurance Broking, you can get a discount of up to 80% on your premium?

Bottom Line

Renewing your bike insurance is much more than simply abiding by laws. It also includes creating a financial shield for yourself against unwanted or unforeseen events like fire, theft, accidents, and so on. With Jio Insurance Broking, when you buy bike insurance online or you choose to renew your existing policy, you get the option to review and compare different plans and choose as per your needs and budget.

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