Finance

Bike Insurance Renewal Checklist

Everyone wants their car to be in the best shape possible. We are still determining what problems we might face on the way. This is where bike insurance becomes essential. You will notice that the number of car crashes has gone up sharply in the past year. The road conditions, traffic jams, and other things make it hard to drive in peace. If you get into an accident, having two-wheeler insurance will help you pay for repairs and upkeep.

If your bike insurance is about to run out, you can call the insurance company and update it. If you want to buy a brand-new bike, you can also get two-wheeler insurance. The law says that you have to have insurance for your car. If your bike insurance is about to run out, you should renew it as soon as possible so that you’re always covered. Here are the papers you must have on hand when renewing your insurance so the process goes smoothly.*

Documents for renewing insurance on a two-wheeler

The following is a list from IRDAI that both private and state insurance companies use. #

List of things to send with the form for bike insurance renewal:

  • Information about the policyholder, like their name, date of birth, home, gender, and job
  • Information about the policyholder’s driver’s licence
  • The car’s registration number and certificate
  • Number of the old strategy for the two-wheeler
  • Information on credit, debit, and online banking (for online spending)
  • The old policy papers have this information.

If a customer wants to switch insurance providers at the end of a current term, they will need the following documents:

  • Proof of your identity (passport, Aadhar card, PAN card, or voter ID).
  • Proof of Address (passport, driver’s licence, bank passbook, or address proof from the government)
  • Photos from recently
  • Online Renewal of the Bike Policy

Because of technological changes, almost everything can now be done online. People can now get insurance policies, and file claims online. With this push towards digitalisation, it has become easy to claim bike insurance and also buy it online. This could also save you money because of deals or special offers.*##

Things to remember when renewing a two-wheeler

Your insurance must be renewed early. People often need to remember the due date, losing all the policy’s advantages when that happens. Also, if you are caught driving a car on the road without insurance, you will have to pay a fine.

Look online for different policies before you choose one. Customers can now compare prices and see deals online because everything is done online. It will help you figure out what to do better.

With a No Claim Bonus, you can save money on your monthly or yearly premium payments. To do this, you should never file a claim for a slight damage and ensure you renew your bike insurance on time. Get an insurance contract for your automobile, and ride and drive safely with it.*##

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* Standard T&C Apply

# Visit the official website of IRDAI for further details.

## All savings are provided by the insurer per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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