The article enlightens you on the steps to be followed to renew your expired policy to make the whole process easy.
A policy for your two-wheeler is a necessity, especially if you want to protect your two-wheeler against accidental damage or theft. An insurance policy will come to your rescue and save your money by covering the costs for any repairs or total loss. You should pay attention and be careful to renew the policy before it lapses. One of the easiest ways to renew your policy is online. Here are a few easy steps to renew your two-wheeler insurance:
Choose an insurance provider
You have to select an insurance firm that offers the most economical premiums for your two-wheeler. You can utilize insurance aggregation sites to compare the features of different insurance policies in the market.
Buy the policy
Once you’ve studied all the available options and chosen the plan best suited for you, you can go ahead and buy the policy online and get the policy instantly.
No Claim Bonus (NCB)
If you’ve not claimed insurance during the previous year, then you are eligible for No Claim Bonus (NCB). NCB is the price cut on annual premium depending on your past claim record and this can prove to be a big saving if you have not claimed it for quite some time.
In case your policy has lapsed for over three months, you will not be eligible for the No Claim Bonus (NCB).
Renew expired two-wheeler insurance online
If you want to renew your old insurance plan but the plan has lapsed, you can get in touch with your insurance company to gather more information on how to renew it. After the bike is inspected, you can renew your policy online .
To drive a two wheeler that is uninsured is an offence in India. Therefore, it is very important to keep your policy up to date and valid. You can set up renewal reminders to help you renew your plan timely. Even if the policy has lapsed, you should take all required steps to renew it immediately.