Insurance is like a spare tyre. You may not require it, but not having one is not an option.

How to Renew Lapsed Two Wheeler Insurance Policy Online?

 4.5 / 5.0   by 3285 users
Used this product? Write a review >>

Cashless Treatment

Fees & Charges

Promised Interest Rate

Plan Benefits

Policy Coverage

Customer Service

Medical Coverage

Claim Experience

Responsiveness

Two Wheeler Insurance
  • Get liability-only and comprehensive cover
  • Cashless garages available
  • Hassle-free online buy/renewal offered by insurers

A two wheeler insurance policy should ideally be renewed before the date of its expiry. It is important that your bike is insured throughout its lifetime so that you are protected against a variety of risks at all times. Also, if you are someone who rides responsibly and rarely file claims, you may also avail a ‘No Claim Bonus’ which will reduce the amount of premium you are required to pay. The bonus can be transferred to a new policy if the insurance is renewed within 90 days after the expiry of the old policy.

Before the expiry date of your policy, you can get in touch with your insurance provider and inform them about the same. You may also enquire if the vehicle needs to be inspected for policy renewal for which you will be required to schedule an appointment with the insurance representative of the company.

How to Renew Lapsed Bike Insurance Policy Online?
How to Renew Bike Insurance Policy Online?

How to Renew Lapsed Two Wheeler Insurance Policy Online?

Even if we put aside the legal obligations in terms of a online two wheeler insurance policy, there are umpteen reasons why we really need it. Riding a two wheeler involves tremendous amount of risk especially on the Indian roads. It is always recommended to have an active two-wheeler insurance policy that backs you financially in a wide variety of mishaps. Also, renewing the insurance policy on time is of utmost importance as riding without any coverage makes you and your vehicle vulnerable to risk.

Today, the bike insurance renewal process is not as complicated as it used to be. You may now easily renew your bike insurance online with minimum hassles. And if you find remembering the date of expiry too difficult or do not have enough time to invest into policy renewal, you can opt for a long-term insurance policy for a period of up to 3 years and enjoy riding your two wheeler without any worries.

Things To Keep In Mind While Renewing Your Bike Insurance Policy

  • Renew your two wheeler insurance policy well in advance to avoid riding uninsured and to save additional expenses that might result due to absence of an active insurance policy.
  • There are different third party websites where you may compare different motor insurance policies available in the market and choose the one that suits your requirements.
  • If you have not filed any claims on your insurance in preceding years, you can avail a No Claim Bonus (NCB) from your insurance provider.
  • You can always switch to a different insurance provider if you are not satisfied with the coverage offered to you by your current insurer or find the policy too expensive.

Buy A Multi-Year Two Wheeler Insurance Policy Online

People often don’t renew their 2 wheeler insurance policy on time as they tend to forget the renewal dates and never realise when their policy expires. Observing the same, the Insurance Development And Regulatory Authority Of India has recently allowed two-wheeler insurance companies to offer long term insurance policies for a period up to three years.

The motive behind allowing multi year insurance policies is to encourage two-wheeler riders to get their policies renewed on time and be protected all the time. You can easily buy a long-term bike insurance policy online and avail certain discounts on the same.

For most of us, our two wheeler is a sense of pride and an object of necessity. A two wheeler insurance policy is an absolute necessity if you are looking at protecting your vehicle against third party liability, unexpected damage and theft. A bike insurance policy can come to your rescue and can save your precious pennies by covering the costs for repairs and damages. But, just purchasing an insurance policy for your beloved two wheeler won’t suffice. You must be attentive and careful enough to renew it before the policy lapses. Sometimes, it just happens so that you notice the renewal date only after it has passed by. You might have been on a vacation or loaded with work due to which the policy renewal date would not have crossed your mind. Even after a two wheeler insurance policy has lapsed, you can renew it online. Follow the easy steps detailed below to renew your expired insurance policy without any hassles.

Finalize an Insurance Provider

You have to zero-in on an insurance company that offers the most competitive premium for your vehicle’s age and model. You can make use of third party comparison sites to compare the features of various insurance policies in the market.

Get your Vehicle Surveyed

If you are getting your insurance renewed, you must also get your vehicle inspected by a surveyor to ascertain pre-existing damages. If there is an existing damage, your vehicle could be denied an insurance. Also, if the extent of the damage is less, the damage could be excluded from two wheeler insurance coverage. You might also be charged a basic nominal fee by your insurer for the inspection irrespective of if there is a damage or not.

Purchase the Policy

Once the inspection is done, you are ready to buy a two wheeler insurance. With some insurers, you have to purchase the policy within 24 hours after inspection. You can also choose to purchase the policy online.

No Claim Bonus (NCB)

In most of the cases, if the policy has lapsed for more than 90 days, you will not be getting the No Claim Bonus. NCB is the discount on yearly premium and this could prove to be a major loss if you have no claimed it for the past 3-4 years.

Renew your Policy

If you are planning to again take a policy with your previous insurer and the policy has lapsed, you can call your insurer to get more information on how to renew it. After an inspection, you will be able to get your renewed insurance policy.

To drive a two wheeler that is uninsured and without a valid third-party cover is a liable offence in India. Hence, it is very important to keep your two wheeler insurance policy up to date and valid. You can set up renewal reminders to help you renew your policy on time. Even if your policy has lapsed, you must take all necessary steps to renew it immediately so as to avoid having to pay dearly for an accident or an unexpected mishap.

Benefits of Online Renewal of Expired Policies

In spite of the multiple notifications that you received from your insurer for policy renewal, have you still missed the last date? Worry not, as you can renew the policy online. Online renewal is beneficial in the following ways:

  • Most insurers do not mandate inspection and related documentation when you renew your insurance online.
  • You do not need to pay any additional charges for the convenience of online renewal.
  • The renewed policy will be issued quickly.
  • If the insurance has lapsed for more than 90 days, you are not required to furnish previous policy details.
  • You can compare plans from leading insurance providers and identify the policy that meets your requirements.

You can avail assistance from the insurer’s call centre in case you have any queries on the online renewal process.

Methods to Renewal or Purchase of Two Wheeler Insurance

Most insurers today allow online purchase or renewal of two-wheeler insurance policies through their websites or mobile applications. This is an extremely convenient form of policy purchase from the customer’s perspective. If the policy is renewed from the same insurance provider, the entire process is quicker as all prior claim information is present in the database already.

  • Renewal of policy through the website - You can visit the insurance company’s website and follow the necessary steps for renewal. Ensure that all information that you provide is accurate and up to date. You should keep your old insurance policy, your debit card, and your internet banking information handy while you apply for the insurance. At the end of the process, you will be provided a digital policy in the form of a PDF for future use.
  • Renewal of policy through mobile apps - You can choose to renew your two-wheeler insurance policy through the insurance company’s mobile app as well. You will be required to furnish information such as the registration number of the vehicle, its model, manufacturer details, etc. Details of the previous policy is also required. Once all the information is keyed in accurately, you can agree with the insurer’s terms and process the payment of the premium.

FAQs – Frequently Asked Questions

  1. What is Long Term Two-wheeler Insurance?

    Long Term Two-wheeler Insurance (LTTW) was introduced by the Insurance Regulatory and Development Authority of India (IRDAI). If you choose to purchase such an insurance policy, it is valid for three years, and you do not need to renew it annually. Long term insurance also gives you significant savings on premium by making you immune to the revision of rates every year. The No Claim Bonus will be applicable after one or more claims based on the duration of the policy.

  2. What happens to the two-wheeler insurance when I sell my bike?

    When you sell your two-wheeler, the insurance is transferred to the buyer of the vehicle. The buyer is required to apply for transfer of insurance with the insurance company, within 14 days from the date of transfer of ownership. If you substitute another vehicle of yours in this policy, you will be unable to transfer the insurance to the buyer. He/she will be required to purchase a fresh insurance in this situation.

  3. What penalty is incurred when the two-wheeler is uninsured?

    Section 197 of the Motor Vehicle Act 1988 mentions that driving without an insurance will attract a fine of up to Rs.1,000 or up to 3 months imprisonment, or even both.

  4. Can I transfer my No Claim Bonus?

    Yes, if you are changing insurance providers at renewal, you can get your No Claim Bonus transferred, provided that you get your two-wheeler insurance renewed within 90 days from the due date of the previous policy.

  5. What documents are required for the transfer of the NCB?

    To transfer a No Claim Bonus, you will have to furnish evidence of your entitlement to the bonus from your previous insurer. This could be in the following formats:

    • A notice for policy renewal
    • A letter from the previous insurer that confirms the accrued NCB
    • A written declaration
  6. Can specific accessories of my motorcycle be insured?

    For insuring two-wheeler accessories, you will be required to pay an additional premium. All accessories that are factory fitted are insured automatically under the policy that you hold. However, if you have installed the accessories later (i.e., after the bike was initially insured) then you will have to get them insured separately.

Two Wheeler Insurance Online

Read More Related Guides

How to Renew Lapsed Two Wheeler Insurance Policy Online? Reviews

Page 1 of 50 1 2 3 4 5
  • Bajaj Allianz Two Wheeler Insurance
    "Need to reduce the premium"
    0.5 4.0/5 "Great!"
    My two wheeler insurance is with Bajaj Allianz because mine is Bajaj bike so it will be easier for claim and also lot of showrooms included. I got the insurance paper. The claim process was average, the amount was not fully refunded. Also the process was lengthy. I have paid the premium of Rs.2000 for one year. It is a first party insurance. I felt the premium is quite high.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Jan 18, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Average"
    0.5 3.0/5 "Satisfactory"
    I took my two wheeler insurance from Bajaj Allianz last year. It was suggested by my friend because he is working. I have paid approx 1000 rupees to purchase the policy. I never had a customer service experience and no claim. The benefits are good and its a third party insurance.
    Was this review helpful? 0
    , pune
    Reviewed on Jan 18, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Not recommendable policy"
    0.5 3.0/5 "Satisfactory"
    My two wheeler insurance was taken from ICICI Lombard. I have applied the claim from with ICICI Lombard but they have not given proper response. They have not processed the claim also. Since because of the lowest premium, i have opted this policy. The service is not upto the mark.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 18, 2019
  • Bharti Axa Two Wheeler Insurance
    "Excellent Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance policy a long back and the premium has been paying annually. The premium amount has not been too high and the payment method has also been convenient. I had not made any claims so far and it has been a good policy for others as well.
    Was this review helpful? 1
    , navi mumbai
    Reviewed on Jan 18, 2019
  • New India Two Wheeler Insurance
    "Good Insurance company"
    0.5 4.0/5 "Great!"
    They are good in all service, without approach them they are providing good service. New India premium is economical, I paid the premium around Rs 7000 for three years. They gave me the third party cover, cash less service. They got tie up with many experience the agents are good.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 18, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Premium should be economical for the renewal"
    0.5 4.0/5 "Great!"
    Whenever there is a issue, I can reimburse with Bajaj Allianz its good than other company. One time I claimed, they gave me cash less service the premium is lesser than others then I changed it. The renewal option is good but they show more premium when I go for renewal.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance policy almost four years back and i am paying the premium annually. The premium amount has not been high and the payment method has been simple. There has not been any claims made so far and the services which they had offered so far was good.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 17, 2019
  • HDFC Ergo Two Wheeler Insurance
    "Good for two wheeler"
    0.5 4.0/5 "Great!"
    My policy belongs to HDFC Ergo, its a premium policy for one year the insured value is fine for me Rs. 97,000, I have the KTM Duke bike its good, I took first party insurance with HDFC Ergo, I really not interacted with them for any policy queries.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • Bharti Axa Two Wheeler Insurance
    "IDV percentage should be increased"
    0.5 4.0/5 "Great!"
    The insured value is low in Bharti axa, I Purchased Royal Enfield bike for Rs. 1.75 but they gave me only Rs. 1.20 lakh . My policy has the tenure of two years, I am not sure about the tie up services. I have taken the first party insurance. I purchased in the month of october 2017.
    Was this review helpful? 2
    , new delhi
    Reviewed on Jan 14, 2019
  • National Insurance Two Wheeler Insurance
    "Better"
    0.5 4.0/5 "Great!"
    I had my two wheeler insurance from National Insurance and it was a better experience. This insurance was issued by the showroom as a default. There is no claim. I felt the premium is bit higher so moved to HDFC Ergo. The customer service is better.
    Was this review helpful? 1
    , bangalore
    Reviewed on Jan 14, 2019
  • HDFC Ergo Two Wheeler Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    My two wheeler insurance was taken from HDFC Ergo because it has more benefits and the premium is lower compared to others. It is a first party insurance. The customer service is very good. There was no claim and IDV value is good. I got the insurance paper.
    Was this review helpful? 1
    , bangalore
    Reviewed on Jan 14, 2019
  • HDFC Ergo Two Wheeler Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance for my bike a long time back and it had been a good policy. I had been paying the premium on an annual basis and the premium amount was not too high as well. The payment method has been simple and there has not been any hassle. There has not been any claims made so far and there has not been any hassle faced with the services of them.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jan 13, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Good features"
    0.5 4.0/5 "Great!"
    I have my two wheeler insurance with ICICI Lombard. The services are good and there no hassles to get the policy. The premium is also nominal. The policy coverage and benefits are satisfactory. I also received the policy papers on time. Good in all.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 12, 2019
  • United India Two Wheeler Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
    This policy was recently renewed for my bike, my brother went to the showroom and then he renewed the policy, the premium is economical as per the market. They are issuing the policy with the good coverage of bike. Its a trusted insurance company and I got the paper on time.
    Was this review helpful? 4
    , kolkata
    Reviewed on Jan 11, 2019
  • Reliance General Two Wheeler Insurance
    "Should get tie up with more service centers"
    0.5 3.5/5 "Pretty good"
    Even for my Bajaj discover bike I had Reliance general insurance it has the tenure of one year, they gave me good insured value around Rs. 19,000, it covers for the loss, damage. They need to get tie up with chennai to get the hassle free service.
    Was this review helpful? 2
    , chennai
    Reviewed on Jan 10, 2019
  • Reliance General Two Wheeler Insurance
    "Easy Renewal"
    0.5 3.5/5 "Pretty good"
    Based on my experience Reliance insurance company is good, the premium is standard as per the current market. I have Honda it covers for loss, damage cover. There is no claim experience, I used to visit to the branch for the renewal they provide good service.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 10, 2019
  • Iffco Tokio Two Wheeler Insurance
    "Quick Service "
    0.5 4.0/5 "Great!"
    I have bike policy with IFFCO TOKIYO, it was my friend bike later on it got transfered to my name with Iffco Tokiyo two wheeler policy, the insured value is good it has coverage for the loss and damage. On time they processed the policy on my name. I am happy about it.
    Was this review helpful? 2
    , mumbai
    Reviewed on Jan 10, 2019
  • New India Two Wheeler Insurance
    "Good Experience"
    0.5 5.0/5 "Blown Away!"
    In New India, I have insured my Hero CT delux bike, once a while it got damaged they done the service on time, the premium is low however the insured value is good. It has third party insurance, the service is good and I could renew the policy on time.
    Was this review helpful? 0
    , ambala
    Reviewed on Jan 10, 2019
  • National Insurance Two Wheeler Insurance
    "Its Good"
    0.5 5.0/5 "Blown Away!"
    In National Insurance the premium amount is low around Rs. 2000 for one year, the insurance company allocated Rs. 35,000 for my bike. My Honda dio vehicle is around 6 years, the policy activation done on time. My bike got damaged within 10 days.
    Was this review helpful? 3
    , ambala
    Reviewed on Jan 10, 2019
  • New India Two Wheeler Insurance
    "Average Two Wheeler insurance"
    0.5 3.0/5 "Satisfactory"
    My two wheeler insurance was taken from New India for my new bike. The showroom people has done a insurance when i purchased my two wheeler. I paid the premium amount of Rs. 1600. The documentation process was simple. They have given the IDV value of Rs. 55000 which I'm happy about.
    Was this review helpful? 3
    , mangalore
    Reviewed on Jan 09, 2019
Common Loader Icon
Page 1 of 50 1 2 3 4 5

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.