Two Wheeler Insurance Renewal

What Is Bike Insurance?

Bike Insurance Renewal

Bike insurance is a legal and financial shield that protects you against damages caused to your two-wheeler, liabilities to third parties, or personal injuries.

It is mandatory under the Motor Vehicles Act 1988 to have bike insurance to legally drive a bike on Indian roads. Policies include comprehensive cover for accidental damages, natural disasters, and theft, as well as third-party insurance to cover liabilities.

A comprehensive plan offers extensive protection, covering damage to your vehicle and personal injuries, while third-party insurance safeguards against liabilities for damages to others. With Bajaj Allianz General Insurance Company, you can secure your two-wheeler quickly without any hassle, ensuring uninterrupted peace of mind while riding.

What Is Bike Insurance Renewal

Your two wheeler is important to you, either because it helps you navigate the traffic better or because it helps you find your zen. Whatever may be the reason, what’s precious to you is precious to us. No questions asked.

Hence, we’ve made our bike insurance renewal process so simple that you never have to ride without two wheeler insurance
While a two wheeler has several benefits – source of adrenaline rush, quicker mobility, easier to find parking space and more – it comes with its own set of risks.

Investing in a good helmet and following basic road safety tips is definitely helpful. But what’s really essential is a periodic two wheeler policy renewal to continue enjoying the needed protection.

Two Wheeler Insurance Renewals

Bajaj Allianz offers a seamless and efficient way to renew bike insurance. Whether it’s third-party or comprehensive cover, their platform makes it easy to renew your policy quickly.

Enjoy 24x7 roadside assistance and timely SMS updates on the status of your claim, even on holidays.

Bike Insurance Renewal

Features

Renewing your bike insurance ensures uninterrupted protection and compliance with the law. By choosing Bajaj Allianz General Insurance Company, you benefit from a seamless renewal process and reliable coverage, ensuring your rides are always protected. Key features include:

Online renewal :

Renew your policy in just a few clicks without visiting an office.

No Claim Bonus (NCB) :

Retain and transfer 50% of NCB benefits for premium discounts.

Add-ons :

Opt for additional protection with add-ons like 24/7 roadside assistance, zero depreciation, or engine protection.

Hassle-free process :

Renew expired policies without inspections or delays.

Key Benefits

Advantages of Bike Insurance Renewal with Bajaj Allianz

We ask you to trust us based on merit, not simply our words. Product innovation and customer centricity are two of our guiding goals, which got us the General Insurance Company of the Year Award at the Insurance Summit & Awards 2018.

We’ve designed our Two Wheeler Insurance plans keeping in mind your needs and how we can best meet them.

Online Purchase and Renewal

Building a good life takes time and effort and we respect that you’re working towards it. We don’t want to take up your valuable time unnecessarily and offer online purchase and renewal of Two Wheeler Insurance. You can buy Two Wheeler Insurance in just 3 minutes and renew your policy in 2 simple steps – all with a few clicks. Yes, it’s that quick and convenient.

Transfer of No Claim Bonus

No Claim Bonus (NCB) is a reward from an insurance provider for being a good and vigilant driver. You earn this bonus for every claim free year and it gets accumulated over time. We care about what you’ve managed to achieve, and you can transfer up to 50% of your No Claim Bonus from any insurance provider. We ensure that when you switch over to Bajaj Allianz, you don’t lose out on anything.

Instant Support

We won’t let you face any problem related to your two wheeler alone. We’re here for you and offer instant support, whether it’s at 12 pm or 3 am that you need us, enjoy round-the-clock claims assistance. Communication is key to maintaining any relationship, and we keep you in the loop by providing quick SMS updates on your claim status.

Quick Claims Settlement

We believe in walking the talk and offer you speedy, hassle-free and cashless claims settlement through our network of preferred garages across India. Our processes are specifically designed to offer you quick claims and our average turnaround time is only 60 minutes for cashless claims. Our industry-first facility, Motor On-The-Spot (Motor OTS), empowers you to self-inspect your two wheeler claims of up to Rs 20,000 through our mobile app, Insurance Wallet. With the help of this facility, claims are settled within 20 minutes*.

Hassle-free Renewal

An expired policy, if lapsed, can make you lose all the accumulated benefits like No Claim Bonus. However, two wheeler policy renewal is hassle-free even after its expiry. No inspection is required and you can do it online within a few clicks to continue enjoying its protection and benefits. You can also opt for a bike insurance renewal reminder online, to stay on track with your policy.

Renew Online

Why Should You Renew Bike Insurance Online?

Choosing online renewal offers a simple, secure, and transparent process, giving you peace of mind to ride without worries. Renewing online offers a range of advantages like:

Convenience :

Renew your policy anytime, anywhere, from your computer or smartphone.

Time efficiency :

The process is quick and takes only a few minutes to complete.

Transparency :

Compare premiums, add-ons, and Insured Declared Value (IDV) directly on the platform.

Secure payments :

Enjoy encrypted and reliable online payment options.

Digital documentation :

Access your policy documents instantly online through your device without needing physical paperwork.

Opting for online renewal ensures a hassle-free, secure, and transparent experience, giving you the confidence to ride worry-free.

NCB Effect

Importance of Bike Insurance Renewal with NCB Effect

Renewing your bike insurance on time allows you to retain your No Claim Bonus (NCB), a reward for being a responsible rider.

NCB provides discounts of up to 50% on premiums, significantly reducing your renewal costs. This accumulated benefit, however, is lost if you fail to renew your policy within 90 days of expiry. Make timely renewals to enjoy continued savings and comprehensive protection.

Things to note

Important Considerations For Renewing A Two-Wheeler Insurance Policy

When renewing your bike insurance, keep these critical points in mind:

• Transfer your No Claim Bonus (NCB) to retain up to a 50% discount.
• Ensure you renew your policy before it expires to avoid losing benefits.
• Use the Bajaj Allianz platform for quick and hassle-free online payment for two-wheeler insurance renewal.

Why choose us?

Bajaj Allianz General Insurance Company is a trusted name for bike insurance renewal. Choosing us guarantees a smooth, secure, and customer-centric renewal process, ensuring you’re always ready to hit the road. Here are some of the benefits offered by the company with its bike insurance plans:

Quick claims settlement :

The innovative Motor On-The-Spot (OTS) feature enables claim settlements of up to INR 20,000 within 20 minutes via the Insurance Wallet app.

24x7 support :

Round-the-clock assistance ensures you are never left stranded, with timely SMS updates on claim status.

Cost-Effective Plans :

Third-Party Motor Insurance Plan starts at just INR 538 per year (for bikes with an engine capacity of up to 75 cc).

Network Garages :

Get priority service at approved garages across the country for your two-wheeler.

Wide Range of Add-Ons :

Enhance your policy with add-ons like zero depreciation, roadside assistance, and personal accident cover for added peace of mind.

Hassle-free renewal :

Renew your policy effortlessly, even if it has lapsed, without the need for inspections.