Bike Insurance: How to Renew Bike Insurance Online?

576
Two Wheeler Insurance
Loading...

Bike Insurance

One of the main reasons why you should always have an insurance policy for your two-wheeler is because it gives you a financial backbone in case any damage occurs to your two-wheelers. When you don’t have it, you will be liable for bearing all the financial loss when something happens to your two-wheelers.

It is hence always advisable to create a legal and financial shield with the help of proper bike insurance.

Is Having Bike Insurance Compulsory in India?

Under the Indian Motor Vehicles Act, 1988, all cars including two-wheelers that ply on the Indian road must by law have a motor insurance policy. Without third-party liability insurance, no one is allowed to ride two-wheelers of any sort, including bikes, scooters, scootys or mopeds in India.

When you have proper bike insurance, you get secure fiscal protection in case of an unfortunate accident that causes damage to third party property, or results and bodily injuries to the third party rider or driver, Pillion driver or harms a pedestrian.

In case of an unfortunate accident; however, if you have an insurance policy, the company will register the claim under your chosen system to provide compensation on your behalf.

Premium

This is the amount of money that a car owner needs to pay to the insurance company for the policy to be considered valid.

Bike Insurance Policy

The  Insured Declared Value or the IDV is what decides the extent of how low or high the amount of your premium will be. Insurance firms generally collaborate with various manufacturers; you can then offer you the best value for your premium.

Natural Calamities

The Natural calamities section of the policy provides you protection from certain natural risks which include self-ignition, landslides, lightning, earthquake, explosion, flood, inundation, hurricane or a typhoon as well as a hail storm and even more.

Man-made Calamities

This part of the policy provides financial protection against man-made threats like damage during transit, theft, burglary, an accident of sort that happened by an external agency, strikes, riots and terrorist activities.

Benefits of the Bike Insurance Policy

Financial Protection

Your two wheeler’s insurance policy will help you in protecting against risks such as theft, burglary, or any other kind of damage on your two-wheelers.

Legal Protection

According to Indian law, no two-wheelers are allowed to climb on the Indian roads without a proper and valid insurance policy.

Personal Accident Cover

In cases where a policyholder faces an accident that causes order partial for completely permanent disability or even death in some cases, the insurance policy can be of great help. In these cases, the insurance agency may cover up to a simple interest of rupees 15 lakh.

Types of Bike Insurance Policies in India

The two main types of Bike Insurance policies are as follows:

  1. Third-party Liability Cover Only
  2. Package Policy or Comprehensive Policy or First-party

Third Party Bike Insurance

Third-Party (TP) Liability Cover

The Indian Motor Vehicles Act, 1988 dictates that the Third-party Liability is customary in India for all vehicles plying the Indian roads.

The third-party two wheeler insurance generally covers only those damages or loss occurring due to the bike that is insured to another third party. This damage can either be to the property for bodily injuries. Besides this third party bike insurance additionally provides an amount of up to rupees 15 lacs on account of accident-related death to the insured.

Furthermore, an important thing to bear in mind is that it a third party two wheeler insurance provided by an insurance company does not cover compensation when any loss or damage happens to the insured bike itself, including theft or burglary.

Two Wheeler Third Party Liability Insurance Coverage:

TP Liability coverage: The insurance company offers a liability cover if any bodily injury or even death results because of the insured two wheelers to a third party.

TPPD (Third Party Property Damage): in this case, the insurance policy provides compensation to a third party for property loss or damage by the insured two wheelers. The amount of money supplied may range up to Rs. 7.5 lakh.

Personal Accident Coverage: With the help of these policies, you will be able to cover not only the owner-driver but also the pillion rider in the form of an optional cover.

  1. Owner-Driver PA Cover: the policyholder can have a sum insured up to rupees 15 lakh in case of permanent total damage or death due to an accident.
  2. Pillion Rider Accident Cover: You can add an accident cover for a pillion rider that will provide a compensation of up to Rs. 1 lakh on payment of additional premium.

Personal Accident Cover Table:

Accidental Event % of Sum Insured
Death 100%
The dismemberment of both the limbs or loss of vision in both eyes or one limb and one eye 100%
The dismemberment of one limb or loss of sight in one eye 50%
Permanent Total Disability 100%

What is Not Covered in Liability Cover Only

Some of the things that are not covered by such an insurance policy are as follows:

  • This policy generally does not cover damage to the two wheelers itself. Hence any damage that has occurred to the insured vehicle due to any mishap will not be. The policyholder shall then be liable to bear the cost of repairing the two wheelers themselves.
  • Any sort of accidental damage, loss on liability that happens outside of a specific geographical area is not covered.
  • Any damage, loss or liability that may happen due to an external invasion, a warlike operation or a war is not covered.

Comprehensive Two Wheeler Insurance Policy

When you want to protect your two wheelers fully, you will need to take the help of a comprehensive two wheeler insurance policy. This kind of insurance policy offers you with holistic protection in terms of finance, against any damages to the insured bike itself and also in case of third party damage or loss that happens because of the insured two wheelers.

Even if your two wheelers is stolen, you have nothing to worry about because a comprehensive two wheeler insurance policy even covers bike theft to the extent the IDV allows. The insurance company will also be there any damage that is caused to your bike, moped, or scooter in case of an accident.

Two Wheeler Comprehensive Insurance Policy

The Coverage and Exclusions of the Two Wheeler Comprehensive insurance policy are as follows:

1) Own damage to the vehicle itself (OD)

2)  Personal Accident Cover:
i. Personal Accidental Cover for the owner-rider
ii. Optional Pillion Rider Cover

3) Third-party cover which includes,
a) Third-party liability cover
b) Third-party property damage cover

Coverage details:

OD Cover:

With the help of the OD Cover in these comprehensive insurance policies for your two wheelers, you will be able to get fiscal protection no matter what is the damage. It covers any damage that may happen to your vehicle in case of a human-made or natural calamity.

For example, if your bike is stolen or is burned by a rival gang, you will be provided with adequate compensation with the help of this insurance policy.

Not only will the repair cost for the insured bike be provided by the insurance policy, but it also provides protection in case of any third party liability. Hence with the help of this kind of policy, you get protection and compensation in case of both third party loss or own damage.

Inclusions :

Loading...
Loading...

The comprehensive bike insurance policy provides your two wheeler protection in case of any damage or loss, which may have resulted from the following:

  • Lightning, fire, explosion or self-ignition.
  • Rockslide, cyclone, frost, hailstorm or landslide.
  • Typhoon, tempest, storm, earthquake, inundation, tempest or flood.
  • Malicious act, burglary, theft, strike or riot.
  • Damage or loss incurred by transit on inland waterway or road, rail, air, elevator, or lift.
  • Extra coverage is also provided for an add-on which is attached to you the basics of the comprehensive two wheeler insurance policy.

Exclusions:

The comprehensive two wheeler insurance policy provides compensation and covers much of loss and damage that happens due to natural or human-made disasters. However, some of the things that are not covered by this insurance policy are as follows:

  • Mechanical or electrical fault breakdown of any sort.
  • Damages that happen when the policy is not active or has expired.
  • Accidents that may happen because of involvement in illegal or criminal activity.
  • When riding without a proper or valid licence.
  • Damage or wear and tear that may happen to the two-wheelers because of aging.
  • When using a private two-wheeler for other commercial purposes.
  • When writing under the intoxication of drugs, alcohol, or any other substance.

The Differences Between Two Wheeler Third Party Liability Cover and Comprehensive

Coverage Third-Party Policy only Comprehensive Policy
Third-Party Liability ✓ Covered ✓ Covered
Third-Party Property Damage ✓ Covered ✓ Covered
Personal Accident Cover ✓ Covered ✓ Covered
Own Damage X Not Covered ✓ Covered
Vehicle Theft X Not Covered ✓ Covered
Add-on Covers

(Extra Protection Shield)

X Cannot be added ✓ Can be added

What is Add-on Cover in Two Wheeler Insurance?

You can pay an extra premium to avail some optional add on features. Your comprehensive two wheeler insurance policy provides these paid features to offer your bike or two wheelers with some additional layer of protection besides the necessary insurance cover.

Here’s the list of Two Wheeler Add-on Covers:

Zero Depreciation Add-on Cover in Bike Insurance

During the time of lodging a claim, the insurance company generally does not pay you the total cost of replacement or repair for the depreciable parts on your bike. Some of these depreciable parts include plastic, rubber and metal which are not entirely covered by the insurance policy. During the time of the claim repair, some part of the depreciable cost is deducted, which you have to bear.

But when you have a two-wheeler insurance comprehensive policy with an add-on cover for zero depreciation, you can stay protected for these depreciable repair and replacement costs as well. This cover urges the company to pay the full amount for replacement or repair for the claim barring tubes and tires.

Engine Protector

The basic comprehensive two wheeler policy does not generally cover any damage that takes place on your engine.

Hence when damage occurs to your gearbox or engine due to several factors like water ingression, leaking lubricating oil or clogging is not generally covered. However, the engine protector add-on will cover any damage to the engine.

Your bike will get covered and compensated when you need to replace or repair pistons, crankshaft, gear shafts, connecting rods and more.

Renew Bike Insurance

Hassle-free Renewal of Two Wheeler Insurance Online

You must always renew your two wheeler insurance within time or simply before the existing insurance lapses. This will provide you with an ample amount of time to compare all the available options for insurance policy renewal in order to choose the one that is best for your two wheelers. You will be able to get your hands on the most reliable and detailed bike insurance renewable on the various online portals. For this you will simply have to provide the details of your vehicle and respond to some you will then be provided with a list of reliable bike insurance policies that you can choose from. You can choose two ways after this for renewing your two wheeler insurance- make an online renewal or contact the insurance provider of your choice.

Online Bike Insurance Renewal

After you have chosen the insurance policy that is best for you, you will simply have to visit the insurance agency website and select the option to renew your insurance policy online. However, you will find some third party online portals that will help you to renew your bike insurance using their websites itself. You will simply have to make the premium payment using a credit card, debit card or net banking. Online renewal is obviously faster because once the policy is renewed it is activated almost instantly. You will be provided with a soft copy of your insurance policy on your email address. However, the insurance policy is fully activated only after a few days of making the payment.

Important things to remember before Renewing your Bike Insurance

Decide before Expiry of current insurance policy

You must always make the decision about your insurance renewal at least 45 days prior to the expiration of your current policy. Insurance experts are of the opinion that this is the ideal time for you to compare insurance offers and make use of your accumulated benefits.

Check Insured Declared Value Offered

After you put the details about your two wheeler, you will be provided with the quotes from different companies. You must remember to compare the IDV for every company before choosing one.

Know your add-ons

Make sure to only choose the add-ons that are ideal for you and then include them in the policy. While they may seem expensive they make your policy benefits better.

Re-examine your Current Cover

When you are renewing your two wheeler insurance you can always change some details about your policy that you find unnecessary. This generally includes those benefits that you do not generally use but have to pay for. You can request for a less robust cover where you only pay for what you really need.

Correct the information if required

Always make sure to check out the preliminary details before submitting especially if you have changed your address or your city. You may also have to submit proof of documentation before the insurance agency changes this information.

Before you pay the premium, double-check all the information you have entered regarding your vehicle.

Easy Access to All the Renewal Plans Online

The online mode of business has made it possible to renew your bike insurance instantaneously. These online companies provide you with all the information that you need for your two wheeler renewal insurance plan. You will also get a clear guideline as to how the renewal is to be done online.

Even if you want to change your insurance agency, you can compare and go through the details provided by other companies and contact them. These online two wheeler insurance renewal plans will provide you with due date notifications in time, take care of any problems dealing with delayed premiums and make the work less problematic.

The guidelines may vary from one insurance agency to another regarding the renewal process. Hence you must always be doubly sure about the online process for policy renewal of your insurance agency.

Benefits of Renewing Bike Insurance Online

The best part about having your two wheelers insured is that you will be able to take care of the financial losses that may happen if any damage happens by or to your bike. This way you will not have to pay and burn a hole in your pocket.

This is why you should renew your two wheeler insurance using the online mode:

  • It requires no additional paperwork.
  • Your bike is not inspected.
  • You will be provided with complete supports during claims.
  • Your insurance policy will be sent to you as a soft copy so you will never lose it.
  • You can get updates about the nearest network garage for your two wheeler insurance company.

How to Renew Bike Insurance Online Instantly?

If Your Policy Is Active or Expired

It is very natural for you to forget the renewal date.

Do not fret or worry if this happens. You can still renew your two wheeler insurance with online customer care.

When you renew your insurance policy online, this is what you get:

  • No hidden cost: Renewing your insurance online is very easy, and there are no additional costs for this.
  • No required inspection: Online renewal of insurance is done without documentation or inspection.
  • Immediate: Using the online mode, you will get your policy activated in no time at all.

Without the hassle of providing documentation, even if it has been more than 90 days after the expiration of your policy, you can still renew the insurance.

How to Buy Bike Insurance Online

Buy Multi-Year Two Wheeler Insurance Plan

Two-wheeler insurance policies are generally designed for one year, which has to be renewed yearly. Multi-year bike insurance, however, will provide you with insurance for up to three years with one particular policy.

This is great because policyholders do not need to renew the insurance contract every year or bear the hassle of forgetting to renew the plan.

Compare To Choose The Best Bike Insurance Online

There are various insurance plans provided by a wide plethora of insurance agency, but you need to choose the best out of the lot. Online Insurance basically provides you with a platform where you can compare two wheeler insurances in the most straightforward manner possible. You simply have to enter your bike’s registered number, and you will be able to get quotes from some of the biggest insurers providing not only a third party but also comprehensive two wheeler insurance plans for your two wheelers.

The comparing process can be a little intimidating, especially if it is your first time. These are the steps you need to follow before getting started:

Step 1: Understand your Needs

The first thing you need to identify is what exactly you are expecting from an insurance cover. If you come across an insurance agency that provides you with better features, but you will be required to pay a much higher premium, you need to analyze whether these additional features will actually benefit you carefully. You need to understand if the higher cost of the premium will actually be worth the features that the insurance company is providing you with.

Loading...

Step 2: Know Your Budget

Once you set your budget, you will be able to filter the more expensive policies easily. You will also be able to understand the specifications that you can apply for following the amount of money you will be able to spend to guarantee your vehicle’s safety.

Step 3: Find correct information

There is no shortage of websites where you will be able to compare insurance policies and agencies. But you will have to understand whether the information is reliable and valid. It is always better to look for the most reliable options which are generally the authorized sources which include Turtle Mint, Policybazar, Coverfox, to name a few. Not only do these websites offer accurate information, but the data is also regulated continuously and updated from time to time.

Step 4: Do a comparative analysis

You might need to make a significant decision when you come across two similar policies. Both these policies may seem equally lucrative, and hence you will have to make an important decision here. The easiest way to do this is to scrutinize the pros and cons of each policy to finalize the one that is best suited for you.

Step 5: Do Not Hurry

Do not be afraid to spend as much time as you to research insurance policies. It is much better to be thorough with your research than to regret your decision later. Do not rush this process and take as much time as you need.

How to do the Comparative Analysis

Before starting the comparison, you must know what you must be looking for in insurance plans. The following are the main topics:

Type of Policy:

The two main types of insurance policies are the third party liability policy and the comprehensive two wheeler policy. A third party liability policy covers damage to the third party only while the comprehensive two wheeler policy is much more holistic and encompasses all kinds of injuries concerning your two wheelers. It is imperative to understand the fundamental difference between these two categories of systems before starting the comparison.

Claim Incurred Ratio:

The claim incurred ratio is the percentage of claims that are likely to get accepted in comparison to the total number of claims that are made to the insurance company. For example, an insurance agency with a claim ratio of 67% approves 67 claims out of 100 claims successfully.

The reputation of the Insurance Company:

The reputation of the insurance agency is the best way to understand how effortless and convenient your claim transaction is going to be. This is a deciding factor of a company’s efficiency, professionalism, customer service, reliability and customer satisfaction.

No Claim Bonus on Bike Insurance:

when you do not make a claim in a particular year, you are not eligible for any claim bonus that can be transferred or carried forward in your policy.

Compare Bike Insurance Policies Online

When comparing bike insurances, these are the things that you must consider and keep in mind:

  1. Compare the many types of coverages to find the best policy.
  2. Always make sure to make a reliable comparison of the premium rates of the various insurance agencies.
  3. Make sure to compare the IDV or Insured Declared Value.
  4. Make sure to check the garage list in the cashless network.
  5. You must always compare the add-on covers.

When you compare different bike insurance is online, not only do you save time in your busy schedule but also find the best company for your purpose. This also helps you to save money because most online organizations provide you with amazing discounts and deals. This is the best way to make a comparison in the comfort of your own house.

Comparing two wheeler insurance policies online is very easy and only takes a few steps. You simply need to provide accurate information and fill a form. After this, you will be suggested with the best plans and covers for your two wheeler. Always make sure to provide accurate information regarding the model name of your bike, registration number, age of the bike and more.

So for you to get the best insurance cover the easiest way is to choose the online platform. Save money and energy by going online!

Benefits of Long Term Bike Insurance

Riders for these plans

Big Savings Upfront:

The third party liability premium is updated by IRDA every year. This amount rises by 20% every year. With multi your insurance, you can save money by leveraging the effect of such inflation.

No tension of Yearly renewal

You don’t have to renew your policy every year with the help of a long term insurance policy.

Long Term Protection

You can enjoy your vehicle safely for up to three years with the help of a single policy document.

Easy Cancellation

In case of single year policy, when you make a claim for loss or theft, you are no longer eligible for a refund on premiums. However, if you want to cancel the multi year plan after the first year you will be refunded with the second and third year premiums.

Huge Discounts

With a multi year bike insurance, you can expect huge discounts on your own damage premium. You will be able to save money on your own damage premiums as well.

Protected NCB

With 25% NCB eligibility, it is applied for all three years. This is not applicable for a single year policy.

Comparison of Single year vs Multi-year Two Wheeler Insurance Plan

Single year bike insurance plans are only applicable for those who want to sell the bike in the future. Hence you will be able to save on premiums because you will be selling the however if you want to keep using the bike for long, the multi-year insurance plan is definitely better.

Recently the IRDAI has needed customary for all bike sellers to issue a 5 year insurance on all two wheelers.

Advantages of a Long-Term Bike Insurance Policy

EASE:

It becomes very difficult to track the annual days of policy renewal especially for those who have multiple policies. Even if you remember the dates, you might be busy with some other work and be unable to renew the policy. With multiyear insurance policy, you do not have to renew the policy annually.

AVOIDING RISKS RELATED TO NON-RENEWAL

If the policyholder forgets to renew the insurance plan there are certain risks that one May face. For example, if the bike is stolen just after the expiration of the policy, one has to bear the entire cost by themselves. This can easily be avoided with a long term insurance policy.

AVOID OTHER RELATED PROBLEMS

When policy lapse occurs, some insurance companies make it mandatory to inspect the vehicle to ascertain its condition before renewing the policy. When you have a long term policy you can avoid such circumstances because the policy remains valid for some years.

DISCOUNT ON OD PREMIUM

Insurance companies generally offer discounts for their own damage section of the policy premium in case of a long term insurance policy. This is a great way for insurers to save money.

FROZEN PREMIUM RATE

The third party premium rates are likely to hike every year by at least 10 to 20% as mandated by the IRDAI. With the help of long term insurance, you can easily escape such inflation. insurance companies may also increase the rate of premium on the basis of policy coverage, number of claims and other factors as well.

THE NCB ADVANTAGE

You will be able to avail the no claim bonus advantage from your previous policy using long term two wheeler insurance.

GET POLICY DOCUMENT INSTANTLY WITH ZERO DOCUMENTATION

You do not have to go through a lot of paperwork for buying long term insurance. you can make the purchase online and receive the documentation immediately. You simply have to provide some preliminary details, calculator premium, choose your preferred coverage and make the payment.

WHAT TO DO IF A LONG TERM POLICY IS TERMINATED OR CANCELED?

The claim amount is only payable according to the policy coverage during the tenure of the policy and it shall not be seized after disbursing the amount of claim in case of both long-term and single-year policy.

However, a long term policy can only be terminated after the entire amount of IDV has been provided to the policyholder in case of total theft or loss.

Reasons You Need to Compare Different Bike Insurance Policies Online

Savings on Premiums: You get to compare bike insurance policies and quotes from the best insurance all over India and also save money in paying premiums.

Most Suited Customized Policy: Get the best plan for your two wheeler, customized according to your liking.

IDV: Make a fruitful comparison in order to get the best IDV or Insured Declared Value.

Add-on Covers: Compare the various add-on covers that the different insurance companies provide and choose the ones that are best suited for you and will provide extra security to your two wheeler.

Cashless Network Garages: Compare to see which insurance agency has the biggest range of cashless garage facilities in your locality.

Simple Steps for Comparing Two Wheeler Insurance Policies Online

  1. You will simply have to enter the required details about your two wheeler, such as the vehicle registration number. However, if you do not know the vehicle number, you can simply enter the make, model and a possible variant of your vehicle.
  2. Next, enter the registration details with respect to your bike including the Location of your RTO.
  3. Make sure to declare whether the previous two wheeler insurance has expired or not.
  4. After this, you will simply have to select the Get Quotes option.

Bike Insurance Premium Calculator

The premium is generally the amount the policyholder has to pay in order to get financial security to protect the two wheelers from any loss or damage. The insurance company generally pays an amount up to the Insured Declared Value in case you file a claim lodge because of an accident, third party damage or loss, or theft.

To get the right premium you will first need to enter the primary details about your two wheelers like the bike make, bike model, bike number and the registration centre. The policy details, as well as the premiums from various insurers, will be provided to you after you fill up these preliminary details

If you simply want to purchase liability cover, you will have to choose “Only Liability Cover” from the drop-down menu in order to get the sum of the premium. This third party liability premium is generally the same for all insurance agencies since the IRDA decides it every year and it is subject to change after the end of the year. However, if you want to calculate the two wheeler premium in case of a comprehensive policy, you will have to select “Comprehensive” instead if “Only Liability Cover”. This premium rate for comprehensive policies significantly differs from one insurer to another.

Tips on Saving Money on Premium

  1. It is always better to opt for a multi-year or a long-term two wheeler insurance policy.
  2. Comparing two wheeler insurance online is a better option.
  3. Make sure to install an anti-theft device.
  4. Always opt for the various voluntary deductibles.
  5. Do not make claims for minor and one significant damage because this will assist you in getting NCB.
  6. Only by those add on covers that are absolutely necessary.
  7. Keep track of the accumulated no claim bonus when availing discounts.

Bike Insurance Claim Process

You can apply for two types of claims in case of a two wheeler insurance, which are as follows:

Cashless Claims

If you take your bike to a network garage you will not need to make any payments. It will be directly taken care of by the company, this is called a cashless claim.

Reimbursement Claims

However, if you cannot take your bike to a network garage, you will have to make the payment yourself but the reimbursement claim will send you back the money from the insurance company.

Procedure for Cashless Bike Insurance Claims:

  • In case you meet with an accident involving another person or vehicle make sure to taken note of their names, number of the vehicle and contact details.
  • Then you need to contact Insurance Company on the claims reports email or phone number. The call center representatives will then provide you with the nearest network garage and give your claim number.

This is basically a reference number that you can use to further the claim. the representatives will also give you relevant information about the documentation required to further the claim.

  • In case of a major accident, that results in bodily injury or the damage to a third party person or vehicle or is connected with theft or loss you will have to lodge an FIR at the nearest police station.
  • After this, you will need to take your vehicle to the nearest network garage.
  • in between 24 to 48 hours after the registration of the come you will be e contacted by a customer relationship manager or surveyor. This representative will verify all your documentation, provide you with an estimate of the amount of money required for making repairs and give the approval on the basis of the assessment.
  • The payments that need to be made to the insurance will be provided directly to the network garage. You may need to pay a small amount according to the terms and conditions in your insurance policy to the garage itself.

The Way to Reimburse for Two Wheeler Insurance Claims:

  • If you cannot reach a network coverage and repair the vehicle from any other garage, the company will directly pay you the amount.
  • You have to follow these simple steps for registering your claim;
    • You will be contacted by the CRM in 24 hours after registering the claim and estimating the cost of repairs.
    • You may take your bike to the garage you prefer. The CRM will inspect after the repair is done.
    • You have to pay them and get the proof of release.
    • You will then have to submit the cash receipt as well as the original bill to the CRM.
    • The CRM shall go to your documents and verify them before submitting to the insurance claim processing department for settlement.
    • The claim process is initiated and the claim amount is a page directly to the policyholder within 7 to 10 working days after submission.

This is nearly a general procedure and may vary from one company to another.

Implementation of GST

The Govt of India implemented GST in order to centralize the country’s tax imposition. The GST rules have classified the Two wheeler insurance under General Insurance class. Hence 18% GST is levied on two wheeler insurance.

Hence there is an increment of 3% on the tax on bike insurance. In comparison to the old tax rules, this has made bike insurance more expensive.

Documents Required to renew two wheeler insurance online.

  • The owners’ identity proof.
  • Address proof for the address on the identity card.
  • Registration details of the bike or other two-wheeler.
  • Around 2 to 3 passport size photographs.
  • The previous policy number.
  • Personal detail of the owner.
  • Card or bank details for online payment.

Bundled Policy

As the IRDAI has introduced the long term Motor Third-party  Insurance, a potential policyholder has two choices: a long term package that covers both third party Insurance as well as own damage cover for three years or even five years; or a bundled cover that has a 3 to 5 years term for the third party Insurance component but a one year cover for own damage.

Endorsements

An endorsement is a change that is made in your insurance policy buy the insurance agency when requested by a policyholder. An endorsement in this sense means that and up-gradation or amendment will be made to the current policy.

The endorsement meeting place due to a change in coverage, vehicle, owner or more. With the help of endorsement and insurer prevents the customer from choosing another insurance and hence losing a client.

List of the Top Bike Insurance Companies in India

Some of the best two-wheeler insurance companies in India at the moment are as follows:

  1. Bharti AXA Two Wheeler Insurance

  2. Bajaj Allianz Two Wheeler Insurance

  3. HDFC Ergo Two Wheeler Insurance

  4. IFFCO Tokio Two Wheeler Insurance

  5. Kotak Two Wheeler Insurance

  6. New India Assurance Two Wheeler

  7. Oriental Two Wheeler Insurance

  8. Reliance Two Wheeler Insurance

  9. United India Two Wheeler Insurance

  10. Universal Sompo Two Wheeler Insurance

Types of Endorsement in Bike Insurance

Several factors can lead to an endorsement; the following are a few modifications that may be made:

  • The address of the policyholder.
  • The name of a policyholder
  • Email or Mobile number of a policyholder
  • Engine number
  • Variant
  • Registration number
  • Model and built
  • Transfer of ownership
  • Insured Declared Value (IDV)
  • Increasing voluntary deductible
  • Modification in No Claim Bonus (NCB)

What is the procedure for making an endorsement

Making endorsements in the policy is indeed no hassle. All you have to do is communicate with the insurance agency and let them know about the modifications that need to be made.

The changes will be analyzed and you may be asked for additional documentation. The documents will be verified by the insurance company and your request will hence be approved. After the modifications are incorporated, you will be promptly notified.

BIKE INSURANCE FAQS

Bike Insurance Expired What To Do

How To Make Fake Insurance Papers For Bike

Bike Insurance Which Is Best

How To Make Fake Two Wheeler Insurance

How Bike Insurance Is Calculated

How To Make Insurance For Bike

How Bike Insurance Works

How To Make Insurance Of Bike

How Can I Get My Bike Insurance Details

How To Make Insurance Of Bike Online

How Can I Renew My Bike Insurance Online

How To Make Online Insurance For Bike

How Do I Find My Bike Insurance Details

How To Make Online Two Wheeler Insurance

How Does Bike Insurance Work

How To Make Two Wheeler Insurance

How Is Oriental Bike Insurance

How To Online Pay For Bike Insurance

How Is Royal Sundaram Bike Insurance

How To Pay Bike Insurance

How Many Days Before We Can Renew Two Wheeler Insurance

How To Pay Bike Insurance In Online

How Much Bike Insurance Cost

How To Pay Bike Insurance In Paytm

How Much Bike Insurance Cost India

How To Pay Bike Insurance Online

How Much Does Bike Insurance Cost India

How To Pay Bike Insurance Premium Online

How Much Fine For No Insurance Bike Driving

How To Pay Bike Insurance Through Online

How Much For Bike Insurance

How To Pay Insurance For Bike

How Much For Two Wheeler Insurance

How To Pay Insurance For Bike Online

How Much Gst Charge On Two Wheeler Insurance

How To Pay Insurance Online For Bike

How Much Insurance For Bike

How To Pay My Bike Insurance Online

How Much Is Bike Insurance

How To Pay Online Bike Insurance

How Much Is Insurance On A Bike?

How To Pay Online Insurance For Bike

How Much Is Third Party Bike Insurance

How To Pay Online Two Wheeler Insurance

How Much It Cost For Bike Insurance

How To Pay Two Wheeler Insurance

How Much To Renew Bike Insurance

How To Pay Two Wheeler Insurance Online

How Much Two Wheeler Insurance Cost

How To Pay Two Wheeler Insurance Online National Insurance

How Renew Bike Insurance Online

How To Pay Two Wheeler Insurance Online United India

How To Apply Bike Insurance

How To Pay Two Wheeler Vehicle Insurance Online

How To Apply Bike Insurance Online

How To Renew Bajaj Allianz Two Wheeler Insurance

How To Apply Bike Insurance Renewal Online

How To Renew Bajaj Allianz Two Wheeler Insurance Online

How To Apply For Bike Insurance

How To Renew Bharti Axa Two Wheeler Insurance

How To Apply For Bike Insurance Online

How To Renew Bike Insurance

How To Apply For Two Wheeler Insurance

How To Renew Bike Insurance After Expiry

How To Apply Insurance For Bike

How To Renew Bike Insurance Bajaj Allianz

How To Apply Insurance For Bike Online

How To Renew Bike Insurance In Bangalore

How To Apply Online Two Wheeler Insurance

How To Renew Bike Insurance In Online

How To Apply Two Wheeler Insurance

How To Renew Bike Insurance Online

How To Apply Two Wheeler Insurance Online

How To Renew Bike Insurance Online Icici Lombard

How To Apply Two Wheeler Insurance Renewal

How To Renew Bike Insurance Online National Insurance

How To Become Bike Insurance Agent

How To Renew Bike Insurance Online New India Assurance

How To Become Two Wheeler Insurance Agent

How To Renew Bike Insurance Online Quora

How To Bike Insurance Online

How To Renew Bike Insurance Quora

How To Bike Insurance Online Youtube

How To Renew Bike Insurance United India Insurance

How To Buy Bike Insurance

How To Renew Expired Bike Insurance

How To Buy Bike Insurance Online

How To Renew Expired Bike Insurance Online

How To Buy Online Two Wheeler Insurance

How To Renew Expired Icici Lombard Two Wheeler Insurance

How To Buy Third Party Insurance For Two Wheeler

How To Renew Expired Insurance For Bike

How To Buy Two Wheeler Insurance

How To Renew Expired Insurance Of Two Wheeler

How To Buy Two Wheeler Insurance Online

How To Renew Expired Two Wheeler Insurance

How To Calculate Bike Insurance

How To Renew Expired Two Wheeler Insurance Online

How To Calculate Bike Insurance Premium

How To Renew Expired Two Wheeler Insurance Online United India Insurance

How To Calculate Idv For Bike Insurance

How To Renew Hdfc Ergo Bike Insurance

How To Calculate Insurance Premium For Two Wheeler

How To Renew Icici Lombard Two Wheeler Insurance

How To Calculate Ncb In Two Wheeler Insurance

How To Renew Icici Lombard Two Wheeler Insurance Online

How To Calculate Third Party Insurance For Bike

How To Renew Iffco Tokio Bike Insurance Online

How To Calculate Two Wheeler Insurance

How To Renew Insurance For Bike

How To Calculate Two Wheeler Insurance Premium

How To Renew Insurance For Bike Online

How To Calculate Two Wheeler Insurance Premium In India

How To Renew Insurance Of Bike

How To Cancel Two Wheeler Insurance

How To Renew Insurance Of Bike Online

How To Change Bike Insurance Company

How To Renew Insurance Of Two Wheeler

How To Change Bike Insurance Name

How To Renew Insurance Of Two Wheeler Online

How To Change Bike Insurance Ownership

How To Renew Insurance Policy Of Two Wheeler

How To Change Name In Bike Insurance

How To Renew Lapsed Bike Insurance

How To Change Name In Bike Insurance Policy

How To Renew Lapsed Two Wheeler Insurance

How To Change Name In Two Wheeler Insurance

How To Renew My Bike Insurance

How To Change Name In Two Wheeler Insurance Policy

How To Renew My Bike Insurance Online

How To Change Owner Name In Bike Insurance

How To Renew My Bike Insurance Online National Insurance

How To Change Ownership Of Bike Insurance

How To Renew My Icici Lombard Two Wheeler Insurance

How To Change Two Wheeler Insurance Company

How To Renew My Two Wheeler Insurance Online

How To Change Two Wheeler Insurance Name

How To Renew My Two Wheeler Insurance Online New India Assurance

How To Check Bike Insurance

How To Renew Reliance Two Wheeler Insurance

How To Check Bike Insurance Details

How To Renew The Bike Insurance

How To Check Bike Insurance Expiry Date

How To Renew The Bike Insurance Online

How To Check Bike Insurance Expiry Date Online

How To Renew The Two Wheeler Insurance

How To Check Bike Insurance Online

How To Renew The Two Wheeler Insurance Online

How To Check Bike Insurance Policy

How To Renew Two Wheeler Insurance

How To Check Bike Insurance Policy Number

How To Renew Two Wheeler Insurance After Expiry

How To Check Bike Insurance Policy Status

How To Renew Two Wheeler Insurance If Expired

How To Check Bike Insurance Premium

How To Renew Two Wheeler Insurance Iffco Tokio

How To Check Bike Insurance Renewal Date

How To Renew Two Wheeler Insurance Online

How To Check Bike Insurance Status

How To Renew Two Wheeler Insurance Online Icici Lombard

How To Check Bike Insurance Status Online

How To Renew Two Wheeler Insurance Online Iffco Tokio

How To Check Bike Insurance Validity

How To Renew Two Wheeler Insurance Online New India Assurance

How To Check Bike Insurance Validity Online

How To Renew Two Wheeler National Insurance Online

How To Check Icici Lombard Bike Insurance

How To Renewal Bike Insurance

How To Check Insurance For Bike

How To Renewal Bike Insurance In Online

How To Check Insurance Of Bike

How To Renewal Bike Insurance Online

How To Check Insurance Of Two Wheeler

How To Renewal Bike Insurance Uiic

How To Check Insurance Policy Of Bike

How To Renewal My Bike Insurance

How To Check Insurance Policy Status For Bike

How To Renewal The Bike Insurance

How To Check Insurance Policy Status Of Bike

How To Renewal Two Wheeler Insurance After Expiry Online

How To Check Insurance Status Of Bike

How To Renewal Two Wheeler Insurance Online

How To Check Insurance Status Of Two Wheeler

How To Select Two Wheeler Insurance

How To Check Insurance Validity Of Bike

How To Take Bike Insurance

How To Check My Bike Insurance

How To Take Bike Insurance In Online

How To Check My Bike Insurance Details

How To Take Bike Insurance Online

How To Check My Bike Insurance Details Online

How To Take Insurance For Bike

How To Check My Bike Insurance Expiry Date

How To Take Insurance For Bike Online

How To Check My Bike Insurance Online

How To Take Third Party Insurance For Bike

How To Check My Bike Insurance Policy Online

How To Take Two Wheeler Insurance Online

How To Check My Bike Insurance Status

How To Transfer Bike Insurance

How To Check My Bike Insurance Validity

How To Transfer Bike Insurance From One Person To Another

How To Check My Two Wheeler Insurance

How To Transfer Bike Insurance Policy

How To Check My Two Wheeler Insurance Online

How To Transfer Bike Insurance To New Owner

How To Check My Two Wheeler Insurance Policy

How To Transfer Insurance Of Bike

How To Check My Two Wheeler Insurance Status

How To Transfer Insurance Of Second Hand Bike

How To Check Ncb In Bike Insurance

How To Transfer The Bike Insurance

How To Check Online Bike Insurance

How To Transfer Two Wheeler Insurance

How To Check Previous Insurance Of Two Wheeler

How To Two Wheeler Insurance Online

How To Check Reliance Two Wheeler Insurance Policy Status

How To Update Bike Insurance

How To Check Status Of Two Wheeler Insurance

How To Update Insurance Of Bike

How To Check The Bike Insurance Online

How To Use Insurance For Bike

How To Check The Insurance Of My Bike

How Track Bike Insurance Claim

How To Check Two Wheeler Insurance

How Yo Know Second Hand Bike Insurance

How To Check Two Wheeler Insurance Details

Two Wheeler Insurance Expired What To Do

How To Check Two Wheeler Insurance Expiry Date

Two Wheeler Insurance How Much

How To Check Two Wheeler Insurance Online

Two Wheeler Insurance Which Is Best

How To Check Two Wheeler Insurance Policy Status

What Does Bike Insurance Cover

How To Check Two Wheeler Insurance Status

What Does Comprehensive Bike Insurance Cover

How To Check Two Wheeler Insurance Status Icici Lombard

What Does Two Wheeler Insurance Cover

How To Check Two Wheeler Insurance Status Online

What Does Zero Depreciation Bike Insurance Mean

How To Check Two Wheeler Insurance Validity

What If Bike Insurance Expired

How To Check Two Wheeler Vehicle Insurance Policy Status

What If Bike Insurance Is Not Renewed

How To Check Validity Of Bike Insurance

What Is 3rd Party Bike Insurance

How To Check Your Bike Insurance

What Is 3rd Party Insurance For Bike

How To Choose Bike Insurance

What Is Bike Insurance

How To Choose Idv For Bike Insurance

What Is Bike Insurance In India

How To Choose Insurance For Bike

What Is Claim Status In Icici Lombard Two Wheeler Insurance

How To Claim Bajaj Allianz Bike Insurance

What Is Claim Status In Two Wheeler Insurance

How To Claim Bike Accident Insurance

What Is Comprehensive And Third Party Bike Insurance

How To Claim Bike Damage Insurance

What Is Comprehensive Bike Insurance

How To Claim Bike Insurance

What Is Comprehensive Bike Insurance In India

How To Claim Bike Insurance Bajaj Allianz

What Is Comprehensive Insurance For Bike

How To Claim Bike Insurance Icici

What Is Comprehensive Insurance For Two Wheeler

How To Claim Bike Insurance Icici Lombard

What Is Comprehensive Insurance For Two Wheeler In India

How To Claim Bike Insurance Iffco Tokio

What Is Comprehensive Two Wheeler Insurance

How To Claim Bike Insurance In India

What Is Covered In Bike Insurance

How To Claim Bike Insurance New India Assurance

What Is Covered In Third Party Bike Insurance

How To Claim Bike Insurance Oriental

What Is Cpa Tenure In Bike Insurance

How To Claim Bike Insurance Quora

What Is Difference Between Comprehensive And Third Party Bike Insurance

How To Claim Bike Insurance Reliance

What Is Difference Between Comprehensive And Third Party Two Wheeler Insurance

How To Claim Bike Insurance Tata Aig

What Is First Party Insurance For Bike

How To Claim Hdfc Ergo Two Wheeler Insurance

What Is Idv And Ncb In Bike Insurance

How To Claim Icici Lombard Two Wheeler Insurance

What Is Idv And Ncb In Two Wheeler Insurance

How To Claim Insurance For Bike

What Is Idv For Bike Insurance

How To Claim Insurance For Bike Accident

What Is Idv In Bike Insurance

How To Claim Insurance For Bike Accident In India

What Is Idv In Two Wheeler Insurance

How To Claim Insurance For Bike Damage

What Is Idv Value For Bike Insurance

How To Claim Insurance For Bike Theft

What Is Idv Value In Bike Insurance

How To Claim Insurance For Stolen Bike

What Is Meant By Idv In Bike Insurance

How To Claim Insurance For Two Wheeler

What Is Ncb In Bike Insurance

How To Claim Oriental Bike Insurance

What Is Ncb In Two Wheeler Insurance

How To Claim Two Wheeler Insurance

What Is Nd Cover In Bike Insurance

How To Claim Two Wheeler Insurance In India

What Is No Claim Bonus In Bike Insurance

How To Claim Two Wheeler Insurance Oriental

What Is No Claim Bonus In Two Wheeler Insurance

How To Compare Two Wheeler Insurance Online

What Is Nominee In Bike Insurance

How To Do Bike Insurance

What Is Nominee In Two Wheeler Insurance

How To Do Bike Insurance Online

What Is Nominee Name In Bike Insurance

How To Do Insurance Of Bike

What Is Od Premium In Bike Insurance

How To Do Insurance Of Bike Online

What Is Own Damage Premium In Bike Insurance

How To Do Online Bike Insurance

What Is Pa Cover In Bike Insurance

How To Do Online Insurance Of Two Wheeler

What Is Pa Cover In Two Wheeler Insurance

How To Do Online Third Party Insurance For Bike

What Is Personal Accident Cover In Bike Insurance

How To Do Online Two Wheeler Insurance

What Is Policy No In Bike Insurance

How To Do Two Wheeler Insurance

What Is Policy Number In Bike Insurance

How To Do Two Wheeler Insurance Online

What Is Policy Type In Bike Insurance

How To Download Bajaj Allianz Bike Insurance Policy

What Is Registration Date In Bike Insurance

How To Download Bajaj Allianz Two Wheeler Insurance Policy

What Is Roadside Assistance In Bike Insurance

How To Download Bharti Axa Bike Insurance

What Is Rti Cover In Bike Insurance

How To Download Bike Insurance Certificate

What Is The Benefit Of Bike Insurance

How To Download Bike Insurance Copy

What Is The Cheapest Bike Insurance

How To Download Bike Insurance Online

What Is The Cost Of Bike Insurance

How To Download Bike Insurance Policy

What Is The Cost Of Two Wheeler Insurance

How To Download Bike Insurance Policy Online

What Is The Difference Between Comprehensive And Third Party Bike Insurance

How To Download Icici Lombard Bike Insurance Policy

What Is The Meaning Of Ncb In Bike Insurance

How To Download Icici Lombard Two Wheeler Insurance

What Is The Meaning Of Zero Depreciation Bike Insurance

How To Download Icici Lombard Two Wheeler Insurance Policy

What Is Third Party Bike Insurance

How To Download Iffco Tokio Two Wheeler Insurance

What Is Third Party Insurance For Bike

How To Download Insurance Policy Of Bike

What Is Third Party Insurance For Two Wheeler

How To Download My Bike Insurance Copy

What Is Third Party Insurance In Two Wheeler

How To Download My Icici Lombard Two Wheeler Insurance

What Is Third Party Liability In Bike Insurance

How To Download My Two Wheeler Insurance Policy

What Is Third Party Two Wheeler Insurance

How To Download Oriental Bike Insurance Copy

What Is Tppd In Bike Insurance

How To Download Oriental Insurance Two Wheeler Policy

What Is Two Wheeler Insurance

How To Download Policy Copy Of Two Wheeler Insurance In Policybazaar

What Is Two Wheeler Third Party Insurance

How To Download Reliance Two Wheeler Insurance Policy

What Is Variant In Two Wheeler Insurance

How To Download Tata Aig Two Wheeler Insurance Policy

What Is Voluntary Deductible In Bike Insurance

How To Download Two Wheeler Insurance Copy

What Is Zero Debt Insurance For Bike

How To Download Two Wheeler Insurance Copy From Icici Lombard

What Is Zero Dep Bike Insurance

How To Download Two Wheeler Insurance Policy

What Is Zero Dep In Bike Insurance

How To Download Two Wheeler Insurance Policy From New India Assurance

What Is Zero Dep Insurance For Bike

How To Edit Bike Insurance Online

What Is Zero Depreciation Bike Insurance

How To Find Bike Insurance Details By Registration Number

What Is Zero Depreciation Bike Insurance Quora

How To Find Bike Insurance Policy Number

What Is Zero Depreciation In Bike Insurance

How To Find Bike Insurance Policy Number Online

What Is Zero Depreciation In Two Wheeler Insurance

How To Find Existing Two Wheeler Insurance Policy Number

What Is Zero Depreciation Insurance For Bike

How To Find Icici Lombard Two Wheeler Insurance Policy Number

What Is Zero Depreciation Insurance For Two Wheeler

How To Find Insurance Policy Number Of Bike

What Is Zero Depreciation Two Wheeler Insurance

How To Find My Bike Insurance Policy Number

What Is Zero Depth Bike Insurance

How To Find My Bike Insurance Policy Number Bajaj Allianz

What To Do If Bike Insurance Expired

How To Find My Bike Insurance Policy Number United India Insurance

What To Do If Bike Insurance Is Expired

How To Find My Two Wheeler Insurance Policy Number

Where Is Policy Number On Icici Lombard Two Wheeler Insurance

How To Find Old Bike Insurance Policy Number

Where To Buy Two Wheeler Insurance Online

How To Find Policy Number Of Icici Lombard Two Wheeler Insurance

Where To Renew Bike Insurance

How To Find Policy Number Of Two Wheeler Insurance

Which Bike Insurance Is Best

How To Find Policy Number On Bike Insurance

Which Bike Insurance Is Best In India

How To Find Previous Bike Insurance Information

Which Bike Insurance Is Best Quora

How To Find Reliance Two Wheeler Insurance Policy Number

Which Company Is Best For Bike Insurance

How To Find Two Wheeler Insurance Policy Number

Which Insurance Company Is Best For Bike

How To Get Bike Insurance

Which Insurance Company Is Best For Two Wheeler

How To Get Bike Insurance Claim

Which Insurance Is Best For Bike

How To Get Bike Insurance Copy Online

Which Insurance Is Best For Two Wheeler

How To Get Bike Insurance Details

Which Insurance Is Best For Two Wheeler In India

How To Get Bike Insurance In Tamilnadu

Which Insurance Is Best For Two Wheeler?

How To Get Bike Insurance Online

Which Insurance Is Better For Bike

How To Get Bike Insurance Policy Number

Which Insurance Is Mandatory For Two Wheeler

How To Get Duplicate Bike Insurance Copy

Which Is Best Bike Insurance

How To Get Duplicate Bike Insurance Copy Online

Which Is Best Bike Insurance In India

How To Get Existing Bike Insurance Policy Number

Which Is Best Insurance For Two Wheeler

How To Get Insurance Claim For Bike

Which Is Best Insurance Policy For Bike

How To Get Insurance For Bike

Which Is Best Two Wheeler Insurance

How To Get Insurance For Bike Online

Which Is Best Two Wheeler Insurance In India

How To Get Insurance For New Bike

Which Is Best Two Wheeler Insurance Quora

How To Get Insurance For Second Hand Bike

Which Is The Best Bike Insurance

How To Get My Bike Insurance Details

Which Is The Best Bike Insurance Company In India

How To Get My Two Wheeler Insurance Policy Number

Which Is The Best Bike Insurance In India

How To Get New Bike Insurance Online

Which Is The Best Company For Two Wheeler Insurance In India

How To Get Online Bike Insurance

Which Is The Best Insurance Company For Two Wheeler

How To Get Online Insurance Of Bike

Which Is The Best Insurance For Bike

How To Get Policy Number Of Bike Insurance

Which Is The Best Insurance For Two Wheeler

How To Get Third Party Bike Insurance

Which Is The Best Insurance Policy For Two Wheeler

How To Get Third Party Bike Insurance Online

Which Is The Best Insurance Policy For Two Wheeler Quora

How To Get Two Wheeler Insurance

Which Is The Best Two Wheeler Insurance

How To Get Two Wheeler Insurance Online

Which Is The Best Two Wheeler Insurance Company

How To Insurance Bike

Which Is The Best Two Wheeler Insurance Company In India

How To Insurance Bike Online

Which Is The Best Two Wheeler Insurance In India

How To Insurance My Bike

Which Is The Best Two Wheeler Insurance Policy

How To Insurance My Bike Online

Which Is The Cheapest Bike Insurance

How To Know About My Bike Insurance

Which Is The Cheapest Bike Insurance In India

How To Know Bike Insurance

Which Is The Cheapest Two Wheeler Insurance

How To Know Bike Insurance Details

Which Is The Cheapest Two Wheeler Insurance In India

How To Know Bike Insurance Policy Number

Which Two Wheeler Insurance Is Best

How To Know Bike Insurance Validity

Which Two Wheeler Insurance Is Best In India

How To Know Expiry Date Of Bike Insurance

Which Two Wheeler Insurance Is Cheapest

How To Know My Bike Insurance Details

Which Type Of Insurance Is Best For Bike

How To Know My Bike Insurance Policy Number

Which Type Of Insurance Is Best For Two Wheeler

How To Know My Bike Insurance Status

Which Type Of Two Wheeler Insurance Is Best

How To Know My Two Wheeler Insurance Policy Number

Why Bike Insurance Is Compulsory In India

How To Know Previous Bike Insurance Policy Number

Why Bike Insurance Is Important

How To Know Two Wheeler Insurance Policy Number

Why Bike Insurance Is Mandatory In India

How To Make Bike Insurance

Why Do We Need Bike Insurance

How To Make Bike Insurance Online

Why Insurance Is Needed For Bike

How To Make Fake Bike Insurance

Why Two Wheeler Insurance Is Mandatory

How To Make Fake Bike Insurance India

Why Two Wheeler Insurance Is Required

 

 

 

Loading...