Renewing Two-Wheeler Insurance Online a Real Cakewalk

Is your two-wheeler insurance policy about to expire? If yes, get it renewed it at the earliest. A valid insurance cover is vital for both you and your vehicle to enjoy uninterrupted protection against unforeseen events such as theft, collisions, and calamities. Not to mention, insurance is mandatory as per Indian law and riding without it attracts strict penalties. Besides, the renewal procedure is no longer complex or tedious. With the insurance industry making a foray into the digital world, the entire process has become straightforward and can be accomplished with ease from your comfort zone. Here’s step-by-step guidance on renewing two-wheeler insurance.

• Explore the Market and Shop Around: Unless you are planning to renew the 2-wheeler policy from your current insurer, it makes sense to explore the market and shop around. Analyze the offerings of your existing policy and then furnish particulars of your two-wheeler (make, model, age, etc.) to generate quotes from various service providers. Compare the prices of the different policies side-by-side. This will help you make an informed decision and nail a plan that fits your needs and budget perfectly.
• Enter Policy Details: Once you have decided on the company, the next step is to log on to the insurer's official website and click on the 'Policy renewal' option. Keep all the documents handy and follow the directions provided to furnish the essential details in the prescribed format correctly. Cross-check all the details carefully to ensure there are no errors. Press the enter button and wait for the information to be processed. Thereafter, you will be directed to the payment page.
• Different Modes of Online Payment: Payment for the renewal is the final stage. Keep your financial/banking details within reach. The transaction can be initiated by using any of the secure payment modes (net banking, credit or debit cards) that you prefer. The amount gets debited instantly from your bank account.
• Acknowledgement of the Renewal: Once the payment for the 2-wheeler insurance renewal is made, the procedure is completed. The insurer will verify the information and subsequently send an acknowledgment of the policy via email. You can download the renewed policy in PDF format for future reference. Besides saving the document digitally, don’t forget to take a print of the same. The hard copy is 100% valid and can be produced as a back-up for the traffic sergeant if the need arises. You can also request the insurance company to courier you the hard-copy of the document.

Bottom Line:

As you can see, renewing two-wheeler insurance online is a real cake walk. Besides being an easy and secure channel, it's extremely convenient. All it takes is a few clicks to complete the entire process from start to finish, and you are good to hit the road with confidence.

As per the Motor Vehicles Act of 1988, it is compulsory for every car owner to have a valid third- party insurance in India. But what does this type of car insurance cover? Read this post to find out.