Follow These Easy Steps To Renew Your Bike Insurance Policy Online

The Motor Vehicles (Amendment) Act, 2019 has made third party insurance compulsory for every two-wheeler owner and rider. The fine for an uninsured vehicle can be as high as ₹4000 and you risk imprisonment of up to 3 years!

Most of the bike insurance policies need to be renewed yearly or else they lapse. There is also an option of getting a long-term insurance policy which is renewed after 3 years. You can renew your bike insurance online  and protect yourself against unprecedented damage or loss, both on and off the road.

Things you will need :

  • Vehicle Details- Registration number, make and model
  • Personal details- Mobile number, Old policy details, Banking details (for online payment)

What is the process for renewal of my bike insurance ?

  • Log on to the website of your chosen insurance provider or visit their mobile application
  • Fill the form with details like your vehicle registration number, personal mobile number, email address and your old policy number.
  • On submitting the form, you will receive a quote on the basic premium offered. You will also get an option to select ‘add-on’ covers such as roadside assistance, nil depreciation etc.
  • Once you select the add-ons you want, you will get a revised premium quote inclusive of your No Claim Bonus (NCB).
  • If you are satisfied with the premium charged, you are led to the payment gateway where you can make an online payment.
  • On successful payment, a PDF copy of your renewed policy will be sent to your registered email address.
  • It is better to print and keep a PDF copy of the policy.

What is No Claim Bonus ?

  • If your policy has been active but you have made no claims, you are eligible for a No Claim Bonus or NCB for every accident-free or claim free year.


  • NCB is a bonus amount you accumulate for every claim-free year and it gets you a discount on your premium rate at the time of renewal of your bike insurance policy. Thus,


Every accident-free year = No Claim Year= Higher NCB=Lowered premium rate on renewal


  • You cannot claim a NCB when buying a new policy as it starts accumulating after the second year or from the time of your first renewal. The amount begins at 20% and rises to 50% after 6 consecutive, claim-free years.


  • Your NCB becomes zero even if you make a small claim, unless you set a limit with your insurance provider which secures your NCB up to a certain amount of claim. You cannot claim it after 90 days of expiration of your policy.


  • Your NCB remains intact even if you switch your insurance provider as most companies allow for an NCB transfer.

Hence, renewing your bike insurance online actually saves you from paying higher premiums which burn a hole in your pocket. The process of online bike insurance renewal is quick, convenient and  perfectly safe.

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