Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • Two Wheeler Insurance Renewal Grace Period

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    Grace period is the additional time allowed by your insurance provider for you to renew the policy and pay premium. Just like grace marks allow you to pass if your grades in a particular subject are below the passing level, grace period gives you a few days after the policy renewal due date, for you to pay the renewal premium.

    The points to remember in case of two wheeler insurance policy renewal are:

    • Grace period for two-wheeler insurance: Two-wheeler insurance of any sort usually does not allow any grace period. This means that if a policy reaches renewal due date and you fail to pay the premium on time, the policy will lapse. This will impact the benefits available from a motor insurance policy as well as the price of the next policy that you buy.
    • Government rules: The reason two-wheeler insurance does not offer grace periods is that a vehicle should be covered by insurance – at least a third party liability insurance – at all times as per government rules. This helps you claim insurance benefits in case of accidents on any given day of a year. The insurance policy covers not just damage to your vehicle but also the damage caused to another vehicle or injury and death of its driver in case of a collision.
    • Inspection: Once the policy expires, renewal would require an inspection of the vehicle by authorised personnel, even if it is only 1 day late. You will have to pay the inspection charges as well.
    • No Claims Bonus: If you own a comprehensive motor insurance policy and it is not renewed up to 3 months after lapse, the No Claims Bonus (NCB) gathered will expire. NCB is a discount on premium of damaged caused by yourself on your two-wheeler when you renew your policy. This is applicable only if you have made no claim in the last 1 year of your policy. NCB can be availed even if you transfer your policy from one insurance provider to another.
    • Two Wheeler Insurance Online Renewal: Your motor insurance policy can be renewed either online or offline, which makes it very convenient. Online renewal will hardly take 15 minutes of your time and involves hardly any paperwork or physical inspection. You can also opt for longer-term policies such as a 3-year policy to save on premium.

    Two-Wheeler Insurance Reviews

  • Page 1 of 50 1 2 3 4 5
    • Bajaj Allianz Two Wheeler Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have taken two wheeler insurance from Bajaj allianz insurance policy , i got this policy through the showroom where i got the two wheeler . Am satisfied with the premium amount which am making the payments its has good coverage . The good about their service is they used to remind the customers for renewal .
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 13, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a bike insurance policy with the Oriental Insurance Company. I am paying a premium of 1200, I do have a claim experience with the policy where I was able to claim 15000-16000. The whole claim process was easy and hassle free. Overall ti has been a good experience with the services.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 13, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have my two wheeler insured with IFFCO TOKYO from last 3 years, my claim experience with this insurance was good and they covered 60% which is satisfactory. A premium of Rs 1600 has to be paid for this insurance policy and i am happy with the plan benefits of this policy.
      Was this review helpful? 3
      , kolkata
      Reviewed on Aug 09, 2018
    • New India Two Wheeler Insurance
      "Good Service"
      0.5 4.5/5 "Excellent!"
      My bike is insured with the new India Assurance. I am paying the premium of 1000 per year. There is no claim experience with the policy. I haven't faced any issues with the policy so far. As long as there is no claim experience I am not able to portray their service in a correct manner.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Aug 04, 2018
    • National Insurance Two Wheeler Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the Bike Insurance Policy from the national insurance. I am paying a premium of 1500 per year. There hasn't been any claims for this policy. So far I haven't faced any issues with their services. I'll have to wait and see how they respond to my claims in future if I will have any.
      Was this review helpful? 5
      , kochi
      Reviewed on Aug 04, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My two wheeler insurance policy is with ICICI lombard from last 1 year, i am happy with the plan benefits and policy coverage of this insurance policy. I have not claimed anything so far from this insurance policy and i pay a premium of Rs 3000 every year.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jul 31, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My two wheeler is insured with HDFC ERGO from last 2.5 years, i am happy with the coverage value and plan benefits of this insurance policy. I pay a premium of Rs 1150 for this insurance policy and i have not claimed anything so far from this insurance.
      Was this review helpful? 5
      , lucknow
      Reviewed on Jul 31, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I've been using the Bike Insurance policy from the ICICI Lombard. The premium is 3600 per year, the policy covers only metal parts. The premium got increased, I do not have claim experience. I make the premium payments via the agent.
      Was this review helpful? 7
      , bangalore
      Reviewed on Jul 28, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good policy to have"
      0.5 4.0/5 "Great!"
      I have made the premium of Rs. 4500 for 1 years. Cashless service is available because its a 1 year old bike. I have not utilized their service. I can claim upto Rs. 1.80 lakhs. Cashless service also available. I have never spoke with the customer care service so far. Its a third party insurance policy.
      Was this review helpful? 6
      , bangalore
      Reviewed on Jul 26, 2018
    • Bharti Axa Two Wheeler Insurance
      "Average Service"
      0.5 4.0/5 "Great!"
      My Bike is insured with the Bharti Axa Insurance company. I am paying a premium of 1200 per year, the policy covers entire bike. I've been using the policy for the past 4 years and I do not have any claim experience with the policy so far.
      Was this review helpful? 5
      , kolkata
      Reviewed on Jul 26, 2018
    • Tata AIG Two Wheeler Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      My bike is insured with the Tata AIG . I am paying a premium of 1200 per year, it also has got Zero depreciation. I do not have any claim experience with the policy so far. Considering the premium I pay it is a recommendable policy to have.
      Was this review helpful? 5
      , new delhi
      Reviewed on Jul 26, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Average policy"
      0.5 4.0/5 "Great!"
      I am taken this policy nearly one year back from Bajaj. I don't have any claim experience so far. I'm not aware of the plans and benefits of this policy. I have paid the premium amount of Rs. 3300. I'm not aware of the bumper to bumper option. The premium amount is quite high when i compared with other companies.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jul 25, 2018
    • New India Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the New India Insurance bike policy for a while. I am paying a premium of 1500 per year, the policy covers the entire bike. I do not have any claim experience with the policy so far. I am paying the premium mostly online.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 25, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have taken two wheeler insurance from ICICI Lombard general insurance for this. I made the payment for monthly through on-line banking . Customer service and response is good . It has good policy coverage with good policy benefits like vehicle towing and cashless garage.
      Was this review helpful? 4
      , new delhi
      Reviewed on Jul 25, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with ICICI lombard from last 12 years, i am happy with the coverage value of this insurance policy. A premium of Rs 1000 has to be paid for this insurance policy. I have no claim experience so far with this insurance policy.
      Was this review helpful? 4
      , chennai
      Reviewed on Jul 25, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      My bike is insured with the ICICI Lombard General Insurance. I am paying a premium of 3000 per year, the policy covers the entire bike and it also offers accidental benefits. The premium is little bit on the higher side and there hasn't been any claim made till date.
      Was this review helpful? 5
      , noida
      Reviewed on Jul 24, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insurance with IFFCO TOKYO from last 1 year, i am happy with the plan benefits and policy coverage of this insurance. I have no claim experience so far from this insurance policy. A premium of Rs 1500 has to be paid for this insurance.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Jul 23, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I have my two wheeler insured with HDFC ERGO from last 1 year and it is an average policy to use. A premium of Rs 3600 has to be paid every year for this insurance policy. Coverage value is not up to the mark with this insurance and i have no claim experience so far.
      Was this review helpful? 4
      , pune
      Reviewed on Jul 23, 2018
    • HDFC Ergo Two Wheeler Insurance
      "The coverage amount for accidental damage was really good. "
      0.5 3.0/5 "Satisfactory"
      In HDFC Ergo, its took 3 months to sent a hard copy to my place. The responsiveness was good in the customer care service. I'm not satisfied with the customer care because they have sent my policy to different address even though i have given my new address to them. The benefits what they giving me and the claim amount is high when i compared to other insurance policy.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jul 23, 2018
    • Reliance General Two Wheeler Insurance
      "Affordable policy"
      0.5 5.0/5 "Blown Away!"
      I have taken this Two wheeler policy with the Reliance for last year. I have to pay Rs. 1000 per year. Its a third party insurance. Road side assistance is available. I can claim upto 2 lakhs by using this policy. I have never have a claim experience so far.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 23, 2018
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