Documents Required for Bike/Two-Wheeler Insurance Renewal

In India the automobile industry has grown over time and particularly the sale for the two-wheelers is sky-rocketing. However, due to the rise in sales of two-wheelers, there is also a subsequent increase in the number of road accidents on the public roads in India. Taking the above scenario in account, a lot many people have bought health insurance plans to protect themselves against any kind of accidental injuries. Moreover, when we talk about the expenses that need to be paid from our own pockets after an accident for the repair of our own bike or any third party vehicle, it could negatively impact our savings.

A two-wheeler insurance plan can offer you financial stability for sending your bike to the repair workshop, also it offers coverage against damages or losses that are caused to or by any third party in an accident.

What is a Two-Wheeler Insurance?

It is an official contract between the two-wheeler insurance company and the policy buyer, wherein the  insurance company offers a financial safety net to insured bikes against a premium paid towards the bike insurance plan.

Renewal Documents for Two-Wheeler Insurance

The documents needed for the renewal of a two-wheeler insurance plan is mentioned by the insurance provider. The documents that are needed depend on whether the renewal of the insurance plan is done with the same insurance company or with a different insurance company. However, in both the ways, documents required are almost the same alongside extra documents needed in case you are transferring your policy to a different insurance company. Moreover, in case your insurance plan expires or lapses, then a different set of documents may be required. To understand the different list of documents that are needed read the following carefully.

Documents needed for Renewal of Two-Wheeler Insurance

In recent times, getting your two-wheeler insurance plan renewed has become a lot easier, hassle-free and quick owing to the present technology. Renewal of bike insurance plans online helps you in comparing and helps you in understanding different parts of renewal premium. Mentioned below is the documents that are needed for renewal of two-wheeler insurance plan:

• Identity Proof Copy (Aadhar card/Ration card/passport/driving license, voter id, etc)
• Copy of Address Proof (Passport/Voter ID card/Aadhar etc)
• Bike’s Registration Certificate
• Passport size Photo
• Previous Policy Number (if needed)

Documents needed for Changing Two-Wheeler Insurance Company

Certain situations can arise due to which you may want to move to a new insurance company. The reasons could be any such as premium, coverage, services and benefits offered by the new insurance company. In case you wish to transfer from one insurance provider to another insurance provider at the time of renewal of your bike insurance plan, the documents needed are slightly different. Highlighted below are documents needed for changing your two-wheeler insurance company:

• Identity Proof Copy (Aadhar card/Ration card/passport/driving license, voter id, etc)
• Copy of Address Proof (Passport/Voter ID card/Aadhar etc)
• Bike’s Registration Certificate
• Passport size Photo
• Copy of previous two-wheeler insurance plan document

Things to Consider before Getting Your Bike Insurance Renewed

A bike insurance plan offers protection to the policyholder in the event of an unanticipated accident, henceforth, it is extremely significant to get your two-wheeler insurance policy renewed on time. Given below are few tips that you should take into account prior to getting your bike insurance plan renewed:

• Get your bike insurance plan renewed before it lapses, it is suggested that you should not ride an uninsured vehicle on the public roads in India. Get yourself insured under an optimum bike insurance plan that gives wider coverage at an affordable premium.
• Remember to claim your No Claim Bonus(NCB), in case no claims have been raised by you with the policy tenure.
• Through the portability option, you can transfer your policy from one insurance provider to another. By this way you can continue availing the benefits of the current plan while transferring to a new insurance company, who will probably provide you plan at lower premium.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.