How To Renew Bike Insurance Online?

In India, every bike owner should have Two-Wheeler Insurance. It provides financial protection against physical damages caused to your vehicle in different scenarios. These include road collisions, damage caused by natural calamities, thefts, etc. It also covers the medical expenses you might have incurred in such situations. But to reap the mentioned benefits, the Insurance needs to be in effect.

Once it expires, consider Bike Insurance renewal. Otherwise, you cannot avail yourself of such financial assistance or fulfil your claims. So, if the Insurance’s expiry date is approaching, fret not. Here is what you need to know about the renewal process:

Types of renewal

There are two methods by which you can renew your Bike Insurance. They are as follows:

1. Contact the Insurance company

In this method, you visit the Bike Insurance company’s office and pay a fixed premium. Upon doing so, the insurer provides a printout of your renewed policy and the payment receipt.

2. Online payment

Nowadays, you can renew your Bike Insurance by paying your policy premium online. This way, you need not even step out of your house to complete this formality. You need to follow these steps simply:

Step 1: Visit your insurer’s website

First, you should visit the Insurance company’s website. Ensure your internet connection is stable if you want a smooth renewal experience.

Step 2: Click on the ‘Bike Insurance renewal’ option

This step depends entirely on the layout of the Insurance provider’s homepage. So, scroll through a find the ‘Bike Insurance renewal’ option.

Step 3: Fill in your details

Next, fill out an online Bike Insurance renewal form. Here, you need to submit information regarding your Insurance, like:

• Date of Bike Insurance issuing
• Current premium
• The Bike Insurance expiry date

Note that these are a few examples of what is generally asked. It is best to keep all relevant documents handy to avoid confusion.

Step 4: Get a premium quote

You get the premium quote once your details are verified. You can either continue with your previous premium amount or change it if necessary. It is best to use a Bike Insurance calculator to make an informed decision. It is a free online tool offered by Insurance companies or comparison websites to help you estimate the premium cost of insuring their motorcycles or two-wheelers.

Step 5: Make the payment

After agreeing upon the quote, you need to pay for your Bike Insurance renewal. Ideally, Insurance providers are flexible with their payment options. Select the one that is convenient for you.

Step 6: Get a receipt and renewed policy

In the last step, you get the payment receipt and your renewed policy in your mail. You will also get an SMS regarding the same. Keep this mail star-marked for future reference. Contact the Insurance provider immediately if you do not get such an email or SMS.