Bike Insurance Renewal - Online and Offline

Overview

Having a bike insurance policy for your two-wheeler is mandatory by law under the Motor Vehicles Act of 1988. Under this act, every vehicle owner driving on the Indian roads must own an insurance policy that has at least basic third-party liability coverage. 

 

Hence, while you would have purchased a two-wheeler insurance policy while buying your bike, you must also ensure that you renew your bike insurance when it is due so that you have a valid insurance plan at all times. Traditionally, to renew their bike insurance policy, people used to visit the insurance company or connect with an insurance agent and fill out the two-wheeler insurance application form in person. However, the process to renew bike insurance offline can be quite a hassle, as it mainly requires you to physically go to the insurance office for applying and again to finalise the process. On the other hand, getting insurance online has become an easy and straightforward process. 

 

In this article, we will understand how to renew bike insurance offline and online. Let’s get started.

How to Renew Bike Insurance Online 

Thanks to the internet, you can purchase almost any type of insurance online. Similarly, purchasing or renewing insurance online is quite straightforward. In case you have already purchased bike insurance from your auto-dealer or in person from the insurance provider, you can renew the policy online.

 

The process of two-wheeler insurance renewal online is explained as follows:

 

1. Visit the insurer’s official website, either through your desktop/laptop or their mobile app.

2. Fill out the required details like information regarding your previous bike insurance policy. It may include the policy number, the term of insurance, premium amount details, and so on.

3. Confirm the details before submitting.

4. Upload the scanned copies of the requested documents.

5. Upon successful submission and online premium payment, an online bike insurance policy will be issued to you immediately. You will receive a digital copy of the insurance on your registered email ID as well.

How to Renew Two-Wheeler Insurance Offline

Despite the hassle, if you still wish to renew your bike insurance offline, here’s what you need to do:

 

1. Visit your insurer’s nearest office/branch.

2. Present the paperwork of your previous bike insurance for verification.

3. Further, fill in the renewal form with the required information about the previous policy (such as the policy number).

4. Submit the renewal form along with the requested documents (for verification purposes).

5. After verification, you might receive your insurance policy through post, or you may have to revisit the insurance office to get your policy documents. 

Why Buy Bike Insurance at Bajaj Markets

Here are the key reasons why you should buy/renew bike insurance with us at Bajaj Markets:

 

• Secure online purchase

When purchasing/renewing insurance online with us, all you need to do is fill in the essential details and pay the bike insurance premium amount. The process is seamless, secure, and convenient.

• Transfer NCB

No Claim Bonus (NCB) in bike insurance is a reward you receive with every claim-free year. At Bajaj Markets, you are allowed to transfer up to 50% of the NCB from the previous policy.

• Round-the-clock assistance

Our customer support is available 24/7 to assist you with your queries and claim settlement. All you need to do is contact us on our toll-free number and explain the situation.