Lapsed Two Wheeler Insurance? Find Out What To Do

People in India have to wait on the roads for longer because of traffic, so many choose to ride their bikes or scooters to save time and money. But most of the people who meet an untimely demise on Indian roads are pillion riders. To protect yourself from the dangers on the road, you should get a two-wheeler insurance policy. ##

A two-wheeler insurance policy can pay for damage to your bike or scooter and damages you receive from things like accidents, thefts, or natural disasters that are out of your control. These things can cause you to lose a lot of money. Two-wheeler insurance may cover you financially in case something like this happens.

In India, every two-wheeler that is driven on the road must have insurance. Riding your vehicle without insurance is not a good idea and is also against the law. Because of this, you should buy and renew your motorcycle insurance on time. Still, we often forget to renew our two-wheeler insurance on time, which means that the policy is no longer valid.

What is a lapse in policy?

A two-wheeler policy lapses when the premium for renewing it is not paid on time. If your policy lapses, you’ll lose the No Claims Bonus (NCB) that you’ve built up with your bike insurance over the years if you don’t renew it within 90 days. The NCB benefit could give you up to a 50% concession on your premiums as it builds up. *

When a policy’s end date is getting close, insurers always text or call their clients to remind them. Even so, there are times when you might not be able to renew on time. If you are looking for bike insurance expired renewal, the first thing you should do is call your insurance company and ask for help.

How to renew the insurance on a two-wheeled vehicle

A two-wheeler insurance plan can be renewed both online and in person. For the online option, you can go to the insurer’s website, enter your policy number and the date it expires, and renew your policy that way.

When you renew your registration online, you will need to enter information about your vehicle. If you renew your policy offline, you’ll have to see your insurance agent, who may want to look at your vehicle before giving you a new policy.

Avoid letting your policy lapse by renewing it before it runs out. It is important to keep an eye on the renewal date. Signing up for an email or SMS alert service makes it easy to remember when the payment is due. You will even get notifications on your bike insurance check app.

But the best way to avoid these problems is to get a long-term two-wheeler insurance policy. There are long-term policies that cover you for up to 2 or even 3 years. If you choose one of these, you won’t have to worry about renewing it every year, and you’ll get real benefits. During renewal, you can change policies if you want to. Use the two-wheeler insurance premium calculator to compare plans and figure out how much they cost.

In the end, you will need to keep track of your insurance to stay safe and keep your bike protected from all sorts of mishaps. No matter the duration, once the policy lapses, you lose all the benefits that come with it. And you will most likely have to pay a higher premium to do your bike insurance expired renewal. So stay vigilant, and be careful, so you can ride safely without a worry in the world and just enjoy the thrill of the ride!

* Standard T&C Apply

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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