Complete List of Documents for a Smooth Bike Insurance Renewal

Bike insurance is a must-have financial safeguard to cover any losses due to damages and collisions. Moreover, it is mandatory in nature and thereby all two-wheeler owners need to invest in a bike insurance plan. There are essentially two types of policies that can be bought, a third party bike insurance that is mandatory in nature, or a comprehensive policy that can be bought as an optional upgrade. Both these plans have different coverages helping you stay free of financial as well as mental stress due to accidents and repairs. But it often happens that people buy and forget about the insurance plan. Since this policy is valid for a limited duration, ensuring its timely renewal is important. There are certain documents that are required for its renewal. They are mentioned on the policy document or on the insurance company’s website. These depend on whether the renewal is with the same insurance company or there is a change of the insurer. Except a few documents, they are more or less similar. This article elaborates on the different documents that are required at the time of two-wheeler insurance renewal.

Documents required for renewal with the same insurer

Renewing your policy with the same insurance company is simple and straightforward. Be it a comprehensive coverage or third party bike insurance policy, the documents required are minimal. In addition, the online facility helps to compare the various available policies. For renewal with the same insurance company, the insurer asks for existing policy information based on which any relevant data is imported. For any changes to this information, supporting documents like identity proof, vehicle registration certificate, etc. will be required based on the nature of the change.

Documents required for renewing your policy with a different insurance company

A change of insurance company can be for various reasons. Be it better coverage, affordable premiums or the services offered by the insurer, you can migrate your coverage to a different insurer. Here are the documents that are required:

• Proof of identity (Passport/Ration Card/Driving Licence/Aadhaar/Voter’s ID).
• Proof of address (Voter’s ID Card/Passport/Aadhaar).
• Registration certificate of your bike.
• Copy of previous insurance certificate.

Any benefits accrued from your previous insurance company can also be transferred to such new insurer like the no-claim bonus (NCB). For that, you will require to obtain an NCB transfer certificate from your former insurance company.

Documents required for renewal of a lapsed insurance policy

Having an expired policy can take away all the crucial benefits earned during the policy tenure. Thus, it is advisable to keep an eye on the two wheeler insurance renewal date and never miss one. For a comprehensive plan, the no-claim benefits accrued under the policy expire after 90 days of the end of the policy tenure. So, make sure to renew your coverage before the end of 90 days after the expiry of its tenure to carry over such no-claim benefits. For a lapsed policy, the procedure is almost like buying a fresh insurance cover wherein identity proof, address proof, vehicle registration details and the copy of your expired bike insurance policy shall be required. With the above documents at-hand, it is smooth renewal procedure. However, if any additional documents that those mentioned above shall be required will be specified by your insurance company. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.