Well, you may have heard of two-wheeler insurance while purchasing your bike. The showroom dealer must have told you how it is necessary to have one when you buy a two-wheeler. However, they might have missed out on informing you about one crucial aspect- two-wheeler insurance renewal.
As regulated by the Motor Vehicle Act, you may get fined if you are using an uninsured two-wheeler. Moreover, with two-wheeler insurance, you get coverage for yourself and your vehicle against several threats like physical damage, accident cover, theft and others.
Thus, a two-wheeler insurance renewal is a must. Before we divulge in the renewal process, let us understand specific factors that need to keep in mind before you opt for your two-wheeler insurance renewal:
- Do Not Wait for Expiry
Of course, it is but understood that you could forget a thing or two in this busy lifestyle. But it would help if you also understood that two-wheeler insurance renewal on time is extremely vital. It would be beneficial if you can keep a lookout for a notification from your insurer.
If you get one that says that your insurance policy is about to expire, do not avoid it. Opt for the two-wheeler insurance renewal as soon as possible. Plus, note that if you let your two-wheeler lapse, you will lose all your accumulated benefits too.
- No Claim Bonus (NCB)
With on-time two-wheeler insurance renewal, you will get the benefit to avail of the NCB advantage. This advantage is only applicable in case you have not made any claims in the past year. Note that with every claim-free year, the NCB can keep on increasing and can go up to 50 %.
- Re-evaluate Your Policy
Before you opt for the two-wheeler insurance renewal, you can re-evaluate your existing policy. In this manner, you will have the freedom to increase or decrease the cover at the policy renewal time. Plus, you can reconsider some features and also get an add-on for additional coverage.
- Correction of Details
During your two-wheeler insurance renewal, you can also change or correct your information. For instance, if you have relocated recently, you may have to update your current address in the policy details. So, you can do this easily during your two-wheeler insurance renewal.
After you consider these things, you can opt for two-wheeler insurance online. Renewing and buying insurance policies has been an innovative, quick and hassle-free process with the online process.
Given below are simple ways through which you can get your two-wheeler insurance renewal done:
Online Through Website
You can go to your insurer’s website to get the two-wheeler insurance renewal online. It is one of the best, simplest places to go if you want to renew your policy. Follow this step-by-step method to get quick renewal:
- Visit the insurance company’s official website and pick your two-wheeler policy.
- Then, click the renewal option and fill in all the existing policy details. So, keep your policy details handy.
- In case you plan to make the payment using your debit or credit card, it will be wise to keep them in hand as well.
- Make sure to review all the information on the confirmation screen before giving it the go-ahead.
- Once this is done, a pdf file, an online copy of your two-wheeler insurance will be generated. It will have a digital signature; thus, it will not require any other attestation.
- Lastly, save these documents securely and keep a printout copy with yourself while riding.
Mobile App
To make things convenient for you, insurance companies also allow you to opt for two-wheeler insurance renewal online through your mobile app. Here is how it is done:
- Start by downloading the company provided app.
- Fill in all the required details.
- Check them one last time before pressing enter.
- Agree to the terms and conditions. Make sure to go through them in detail before approving them.
- Process the premium payment amount.
- Once you receive the payment confirmation, you will get the renewed insurance policy via email or post, as required.
Keep in mind that two-wheeler insurance renewal is an integral part of having a two-wheeler. Thus, make sure that you opt for a competent and reputable insurance provider like Tata AIG. They have a comprehensive two-wheeler insurance policy and an easy renewal procedure. You can visit their website and read the policy wordings in detail.
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