• How to Change Two Wheeler Insurance Policy?

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    Keeping your two wheeler insured at all times helps in not only fulfilling the legal obligation but also secures your financial interests against liability arising out of involvement of your vehicle in an accident that caused damage to a third party person/property. A comprehensive insurance policy also covers the insured vehicle for damages and pays for the repairs and replacements.

    More often than not, just like with any other product or service, we contemplate on switching over to different insurer or get an enhanced coverage with the existing one. This article will throw light on the nitty grit ties involved in the process of changing the two wheeler insurance. Not many of us are aware of the fact that we can switch over to a different insurer during the policy period and seek a refund from the existing one. Let us take up different scenarios, one by one, to understand how you can seek a policy change.

    At the Time of Renewal

    You can consider changing the the two wheeler policy to a different insurer at the time of renewal. Insurance companies extend hassle free renewal process online. By simply providing the basic policy details, you can renew the policy by making an online payment without actually providing elaborate documents. Plus, the policy is available instantly online for reference.

    One can also consider existing insurer for enhanced plans. For example, if the current policy covers only third party liability, comprehensive cover can be added during renewal to make the coverage all round. Rider options such as sum assured for injury/death during accidents can also be considered to up the coverage value.

    During Policy Period

    If you’re not happy with the features and benefits of the current two wheeler policythat you hold, switching over to a different insurer is possible. However, this comes with a rider. Since the bike insurance is nontransferable, you must cancel the existing policy and avail a new one. To do so, a notice of at least 7 days should be provided in writing to the existing insurer.

    In the interim, you can sign with the desired insurer for a new policy. Once the cover is issued by the new insurance company, you must provide documentary evidence to cancel out the old one. The existing insurance cannot be cancelled if there were claims made during this period. If all conditions are satisfied, the premium amount will be refunded after deductions made on a prorated basis.

    Two Wheeler Insurance Online

    Points to Consider before Changing Two Wheeler Insurance Policy

    • If you’re contemplating changing due to the high premium amount, compare the benefits of the existing cover versus the new one. Paying a few hundred less for lesser benefits may not be feasible.
    • Analyze factors such as the efficiency of customer service, availability of online tools and resources, claim settlement ratio and other factors that affect you directly.
    • Availability of Rider Options to enhance the policy value and coverage should also be considered before changing. These little facets come handy during a major claim.

    How to Change Two Wheeler Insurance Policy? Reviews

  • Page 1 of 50 1 2 3 4 5
    • ICICI Lombard Two Wheeler Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have insured my two wheeler with the ICICI Lombard general insurance company. I would like to say that the customer service is good one and the response is better one for me with them. I have not met up the claims with them till now.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 17, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      Recently I faced claimed with ICICI lombard, My bike front part doom got damaged, they claimed the amount of Rs. 5000. They sent the executive, he came and took photos and approved my claim. I paid the amount around Rs. 10,000 they claimed Rs. 5000, they got tie up with wider network.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 16, 2018
    • New India Two Wheeler Insurance
      "Its Better"
      0.5 3.0/5 "Satisfactory"
      Earlier I had New India assurance, I paid the amount around Rs. 850 for one year, they gave me better coverage with road side assistance, third party and accidental cover. ICICI Lombard is better than New India assurance. Customer service was okay not that much satisfactory.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 16, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Average service"
      0.5 4.0/5 "Great!"
      Renewing my two wheeler insurance policy from the past 2 years with the ICICI LOMBARD GENERAL INSURANCE company. The response part is average with the ICICI LOMBARD GENERAL INSURANCE company., The policy coverage and the plan benefits are average with the ICICI LOMBARD GENERAL INSURANCE.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • National Insurance Two Wheeler Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      National Insurance IDV value is good based IRDAI regulation, the premium was also economical, I got my policy copy on time. I paid the some premium, its covers all like third party cover, accidental cover.life cover and road side assistance. My Royal Enfield bike got protected through them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good protection for two wheeler"
      0.5 4.0/5 "Great!"
      I have two year of bike insurance with ICICI Lombard, with good coverage like third party damage, road side assistance etc. The premium was good in ICICI Lombard, I paid the premium amount around Rs. 2000 to 3000. I have insured activa honda bike.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      For the past 6 years I renew my two wheeler insurance policy from the HDFC ERGO GENERAL INSURANCE. I have paid Rs,1100 to renew my policy last year. The policy coverage and the plan benefits are good with the HDFC ERGO GENERAL INSURANCE company.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Life Insurance with LIC,the premium amount is 2400.The policy coverage amount is 50,000.I have no claim experience with them till date.The premium amount is paid through online.This was taken 6 years back,i have complete scheme details on the website.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I taken a two wheeler insurance policy with HDFC ERGO GENERAL INSURANCE. The policy and benefits are very good. I have not taken a claim so far. I have taken comprehensive insurance with HDFC ERGO GENERAL INSURANCE.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 16, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Average"
      0.5 4.0/5 "Great!"
      My two wheeler was insured with ICICI Lombard. I have taken this insurance by last year. The claim process was not satisfactory. I have no idea about the policy coverage and the plan benefits. I paid 1700 rupees for one year to purchase this insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • New India Two Wheeler Insurance
      "Can be better"
      0.5 4.0/5 "Great!"
      Its good not as such, customer service is not upto the mark. The helpline is not reachable with the executive. I paid the two wheeler premium around Rs. 1400 for one year they IDV Rs. 52,000. Since its three years old vehicle. I have Yamaha FG bike with good policy cover.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 15, 2018
    • New India Two Wheeler Insurance
      "Poor service"
      0.5 2.0/5 "Expected more"
      I have insured my two wheeler from the NEW INDIA ASSURANCE company. The customer support is not up to the mark with the NEW INDIA ASSURANCE , they never gave any response in regards to my claim. I was about to get the claim in 15 days and they have promised the same, but after that I haven't got the time to follow up this claim amount but I dint got any kind of claim amount from the NEW INDIA ASSURANCE.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Better policy to use"
      0.5 4.0/5 "Great!"
      I have paid around Rs,2000 to insure my vehicle from the HDFC ERGO GENERAL INSURANCE company. I have recently got this policy around 3 months ago. The customer support is average with the HDFC ERGO GENERAL INSURANCE. The policy coverage is good with the HDFC ERGO GENERAL INSURANCE company.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2018
    • National Insurance Two Wheeler Insurance
      "Safe For Two wheeler"
      0.5 4.0/5 "Great!"
      When I was browsing, I came to know about National Insurance, the premium was economic with good coverage value. I paid the amount of Rs. 900 for the tenure of three years. It also has third party cover, road side accidental cover. Its best premium for certain cover and best benefits.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Two wheeler Insurance with ICICI Lombard,the premium amount is 1000,the payments is done online,This was taekn long back ago,the policy coverage amount is 40,000,the customer service is good.I am planing to renew it in next three months.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 15, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Excellent insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken Two wheeler Insurance with ICICI Lombard,the premium amount is 3500,the payments is collected by an agent,The bike model is Hero splendor smart.This was taekn 2 years ago,the policy coverage amount is 40,000,the customer service is good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 15, 2018
    • New India Two Wheeler Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have a health insurance with New India insurance from last 6 months and it is one of the good insurance policy to use. I pay a premium of Rs 2500 every every year for this insurance. I do not have claim experience so far with this insurance. I have a coverage of Rs 5 lakhs which is satisfactory.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with ICICI lombard from last 2 years and it is a good policy to use. This policy has to be renewed every year and i pay a premium of Rs 1500 for this insurance. I do not have claim experience so far with this insurance but i am happy with the coverage and benefits of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I am having my two wheeler insurance with Bajaj Allianz and it was taken through online. They have good online facilities and the market value. I don't have any claim experience. I am using this service for past 3 years. I paid around 1100 rupees for a year to purchase this insurance.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • Tata AIG Two Wheeler Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It is a good experience with Tata Aig two wheeler insurance service. The payments are generally through online which is a easy process. I never claimed any service from Tata aig till now. It is a average service from Tata Aig two wheeler insurance service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 15, 2018
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