When it comes to purchasing a dream bike, a significant amount of money is involved. But simply managing to arrange the finances for your dream bike won’t be enough. You will also have to obtain two-wheeler insurance before your bike can be driven on the road since it's illegal to ride a two-wheeler without a policy. Simply buying a policy is not sufficient. For two-wheeler policies to remain valid, they must be renewed on time. Each policy has an expiration date. So, when an insurance policy expires, it will have to be renewed. Therefore, it is important to be aware of the expiration date of the policy in order to not miss the renewal. These expiration dates are easily accessible and available online.
If the renewal date of your bike insurance policy is nearing, here is what you can and should do immediately.
Check status online
If you don’t know your bike insurance renewal date, you can find it online within a few minutes. Also, you can renew the policy online in a completely safe, secure, and seamless manner.
Complete the online renewal process
You can renew a policy purchased from any insurer and complete the process online. You will have to enter vehicle details, such as the registration number, choose the policy type that suits you, enter the IDV (insured declared value) along with the add-ons that you wish to receive with your policy, and then complete the process by making the payment online. You will immediately receive the soft copy of your policy on your registered email ID.
*Standard T&C Apply
If your insurance policy has already expired, you can still utilize the online facilities to reactivate it. The very first step is to check whether your policy is still in the grace period, which ends 90 days from the expiry date. If you are in the grace period, you don’t have to worry and also don’t have to deal with the offline inspection of the vehicle while renewing it online, even after the due date. Secondly, if your policy falls in the grace period, you also end up saving the NCB on your policy. * You can visit the official website of IRDAI for further details.
Where to get the right policy?
Bajaj Allianz General Insurance Company (BAGIC) provides you with the digital medium to not only check the status of your bike insurance policy but also renew it online. On purchasing or renewing your policy online with Bajaj Allianz General Insurance Company, you can access more than 2900* Cashless Garages, DIY Self Inspection Processes, super-fast claims, and 24×7 assistance.
*Terms and Conditions apply
Bajaj Allianz General Insurance Company provides a seamless process for policy renewal. Let’s check out the seamless renewal process offered by Bajaj Allianz General Insurance Company :
- Bajaj Allianz General Insurance Company sends constant reminders to the customers whose policies are nearing expiration. In case you are unable to do it in time, you can always go for a two-wheeler insurance online renewal after expiry.
- If you choose to renew your bike insurance online, then the inspection of your vehicle is not mandatory. Note that the policy period will begin 3 days after receiving the payment from the insurance company.
- If you want to renew your expired two-wheeler insurance offline, then inspection becomes mandatory, and you will have to take your bike to the nearest office of your insurer for inspection, along with the necessary documents.
Documents required for renewal
When you are looking to renew your bike insurance, the following documents are required:
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Previous policy copy or renewal notice sent by your previous insurer
RC (Registration Card)
Photos
Driving license
It is vital to renew your bike insurance before its expiry. If you want to change the type of insurance you own or your insurer, you can do so after the expiry of your policy. Also, one should not forget to set reminders and alerts so as to not miss the bike insurance due date next time.
‘Insurance is the subject matter of solicitation. For more details on benefits, limitations, and terms and conditions, you must read all the terms and conditions before renewing your bike insurance.’