The Point Newsletter

Sed ut perspiciatis unde omnis iste natus error.

Follow Point

Begin typing your search above and press return to search. Press Esc to cancel.
Call Us Now
  /  Two-Wheeler Insurance   /  What are the Documents Required for Bike Insurance Renewal?
Documents Required for Bike Insurance

What are the Documents Required for Bike Insurance Renewal?

2
What are the Documents Required for Bike Insurance Renewal?
4.5 (90%) 10 votes

Everyone wants to keep their bikes safe and in pristine condition. But we can’t be sure about what kind of difficulty we would face on the road. That’s when the need for a bike insurance comes into play. There has been a sharp increase in the number of accidents in recent years. Road conditions, traffic jams and the urgency to reach the destination, makes it difficult to drive peacefully. Due to such mishaps, getting a bike insurance is the best way to tackle these conditions. If you want to save on the repair and maintenance costs for your bike, buying an insurance policy for it is a must.

A bike insurance policy protects you from injury in the event of an accident and also reimburses you for any repairs your bike would need. Once you buy your bike insurance policy, it would be up for renewal after a couple of years. Renewing your bike insurance on time is a necessity as your coverage ends the minute your policy expires.

If your bike insurance policy is about to end, you can call the insurance company and inform them. You can also enquire if your bike needs to be surveyed for the renewal process. You can visit the website of your insurance company and follow the steps given to renew your bike insurance in an easy and hassle-free manner.

Bike insurance was made mandatory as per the Motor Vehicle Act, so all such vehicles are required to be registered with an insurance company. After the policy ends, renewing bike insurance on time is essential as it keeps you and your vehicle protected at all the times. Nowadays, insurance companies have made it convenient to get an online bike insurance renewal.

Documents required for bike insurance renewal

The documents required for bike insurance renewal are an official list issued by the Insurance Regulatory and Development Authority of India (IRDAI). It is common to both private and public sector insurance companies.

In case of renewal, you can check to take details from your previous policy. Just cross check all the details thoroughly. Still, for your reference below are the details of the documents required for bike insurance renewal:

  • Your basic information such as name, date of birth, address, etc.
  • The details of your purchase date, registered RTO, vehicle model, etc.
  • Your old bike insurance policy number
  • Your online payment information (Credit or debit card/net banking details etc.)

This information can be found on your previous policy document.

 

Changing Your Bike Insurance Policy Provider

You may even wish to change your insurance provider. Thankfully, as per the rules of the IRDAI, you can easily switch insurance companies during the policy period or after its completion. If you wish to change your insurance provider and renew your insurance policy, you are required to submit the following documents at the time of renewal:

  • Your basic information such as name, date of birth, address, etc.
  • The details of your purchase date, registered RTO, vehicle model, etc.
  • Your previous insurance policy number
  • Proof of identity documents like Passport, Driving License, Aadhaar card, PAN card or a Government issued photo ID
  • Proof of address documents like Passport, Driving License, bank or post office passbook or a Government issued address proof
  • Your online payment information (Credit or debit card/net banking details etc.)

These documents required for bike insurance renewal are supposed to be submitted along with the insurance renewal. After the verification process, your bike insurance policy will be renewed.

 

Things to Keep in Mind before submitting documents required for bike insurance renewal

You can find various insurance policies on many online insurance portals and select the most suitable out of the available options. In any case, you should not simply choose a policy because it is cheaper. You should carefully assess the different features such as the coverage offered, things not covered etc. in the policy.

Try to renew your policy and stay aware about the expiry date of the policy to avoid driving uninsured. You can also discover different policies in your country before the renewal. You might come across a better policy that offers a greater degree of coverage at a reasonable cost. It is also advisable to remember and make use of No Claim Bonus (NCB) to avail discount on premium.

By submitting documents required for bike insurance renewal online, we are also contributing to an eco-friendly and paperless system. You can easily purchase bike insurance through various verified mobile apps of your insurance company. There you can create your personalized page for yourself, so the copy of the insurance will be accessible to you in the future whenever you need. Buying a bike insurance policy is now easier than ever. Stay safe and stay ensured.

Leave a comment

Add your comment here