When you are out on the road, you are exposed to a number of risks such as accidents, theft and a lot of other things. Even a small lapse in your insurance coverage could lead to heavy losses. Therefore, when it comes to Two Wheeler Insurance, timely renewal is of utmost importance. A Two Wheeler Insurance Policy acts as a financial safety net and offers coverage against a wide range of risks not only to you but also to the third parties involved in the accident. Hence as a responsible rider, it is your duty to ensure that your Two Wheeler Insurance Policy is renewed on time. Moreover, riding with an expired policy is a punishable offence and can attract a hefty fine.
Fortunately, thanks to the availability of online Two Wheeler Insurance, renewal has become a simple and quick process. If you want to renew your Two Wheeler Insurance Policy with us, here’s how to renew bike insurance online: –
- Visit our official website – Finserv MARKETS Two-Wheeler Insurance
- Enter your basic information and details like your bike’s registration number, its make, model etc.
- Choose the IDV as per your requirements and the premium payable will be displayed.
- Check all the details entered to ensure that everything is in order.
- Proceed to make the payment via debit/credit card or net banking as per your convenience.
If you need any further assistance while renewing your Two-Wheeler Insurance Plan online, you can call our toll-free number – 1800-102-5858. Our executives will guide you through the entire policy renewal process as per your convenience.
Important things to remember while renewing your Two Wheeler Insurance online: –
- Ensure that you renew your policy before it lapses.
- If you haven’t made any claim in the previous policy terms, avail the No Claim Bonus.
- Re-assess your policy coverage at the time of renewal. You can opt for higher coverage or choose more Add-on Covers as per your needs.
- Adjust the IDV as per your requirements and proceed to pay the premium amount, which will be displayed on the screen.
- If you do not renew your two-wheeler insurance before the expiry date, then it is regarded as a break-in case. The inspection of your vehicle is not mandatory. But the policy period will start after 3 days of receiving the payment by the insurance company.
- Go through your policy details carefully and if you notice any discrepancies, the renewal process is the right time to set it right. For e.g., if you have moved to a new city, you will need to submit the required document proofs and get the correct information on your policy.
If you haven’t renewed your two-wheeler insurance policy yet, then do it now on the Finserv MARKETS website!
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