How to renew two-wheeler insurance online

As per the Indian Motor Vehicles Act, you need to have a 3^rd party liability insurance for using your 2-wheeler on public roads. You can also go ahead and purchase a comprehensive two-wheeler insurance policy and a host of optional covers for enhanced safety.

But no matter what type of insurance you purchase, you need to keep renewing it before its expiry to ensure that you remain protected from liabilities at all times. Fortunately, two-wheeler insurance can now be easily renewed online. If you are looking for bike insurance renewal online, here are the steps that you need to follow-

1. Visit insurance providers website

Start by visiting the insurance providers official website. You can either go for the same insurance provider or select one after comparing different options online. Almost every insurance provider now allows you to renew bike insurance online.

After reaching the website, look for ‘Two-Wheeler Insurance Renewal’ option. Select this option to begin with the next step.

2. Fill the renewal form

After selecting the renewal option, you’ll be redirected to the renewal form. The form will require you to enter details like the policy number of your current insurance, registration date of bike, its manufacturer, model, cubic capacity (cc), chassis number, engine number and some other important details.

Keep the required documents handy before starting the two-wheeler insurance renewal online. Cross check the form after filling it before clicking on the ‘Submit’ button.

3. Paying online premium

Once you submit the renewal form, the details of your renewed insurance policy will be displayed on the screen. Confirm the details and check the premium of the policy before proceeding with the payment.

Most insurance providers now offer multiple payment options like debit/credit cards, net banking, etc. Select your preferred mode of payment to pay the insurance premium.

4. Receive the renewed insurance

If the payment is successful, you’ll instantly receive a confirmation message on your screen. Some of the insurance companies provide the PDF file of your policy directly on their website while others send it through email.

Save the received file and take its print out for reference; and your online 2-wheeler insurance renewal is complete.

5. Renewing two-wheeler insurance through mobile

Many of the insurance providers now also allow you to renew two-wheeler insurance through their mobile app. Follow the same steps mentioned above to renew the policy through the insurance providers mobile app.

Renew two-wheeler insurance in a hassle-free and convenient manner

Two-wheeler insurance online renewal after expiry is necessary if you want to ensure that you remain protected against the financial liabilities of a road accident involving your two-wheeler. While you can renew the policy after expiry too, it is better to get it renewed before the expiry as you might lose the accumulated benefits like NCB if the policy lapses.

Policy renewal online has eliminated the need for you to visit the insurance providers office for renewing the policy. This helps in saving your time and efforts while also making the whole process highly convenient. Now that you know the steps for online policy renewal, make the best use of this information as soon as you get close to the expiry of your insurance policy.

DISCLAIMER

The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision, verification and amendment and the same may change materially. The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person‘s nationality, residence or otherwise) be contrary to law or regulation or would subject lClCl Bank or its affiliates to any licensing or registration requirements. This document is not an offer, invitation or solicitation of any kind to buy or sell any security and is not intended to create any rights or obligations. Nothing in this document is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product or service. Please obtain professional legal, tax and other investment advice before making any investment. Any investment decisions that may be made by you shall be at your sole discretion, independent analysis and at your own evaluation of the risks involved. The use of any information set out in this document is entirely at the recipient's own risk. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith by lClCl Bank and from sources deemed reliable. There can be no assurance that such projections will prove to be accurate. lClCl Bank does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this document. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith and sources considered reliable by lClCl Bank. In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us. Past performance cannot be a guide to future performance. 'lClCl ' and the 'I-man' logo are the trademarks and property of lCICl Bank. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.