You are no longer required to approach a general insurance agent or go to the insurance company’s office to renew the insurance coverage for your two-wheeler. Insurance companies have policy purchase modules on their websites where you can renew policies. Also competing for the online insurance pie is a recent addition – the web aggregators. Insurance companies have also begun to launch mobile applications or apps where policy renewal transactions can be carried out.
Importance of bike insurance renewal online
In a world where convenience is at the forefront, comprehensive bike insurance renewal offers a slew of advantages that traditional methods simply cannot compete with. Here are a few compelling reasons why renewing your bike insurance online is a better method:
- Convenience: In the offline mode of renewing bike insurance, each and every piece of information required needs to be filled manually, a stark contrast to the online mode wherein your two-wheeler policy details are automatically loaded.
- Time-saving: In the offline mode, if you are paying the premium by cheque, then the policy may not be instantly issued. The insurance company will wait till your cheque gets cleared, a process that sometimes takes several days to happen.
- Simple process: If you are renewing your policy online, insurance companies will not ask for any documentary proof of ownership of the vehicle, address, etc. Even if you have forgotten to renew your two-wheeler policy in time, insurance companies will not ask the surveyor to come and inspect your vehicle. This is another benefit of renewing your two-wheeler insurance through the online channel.
- Comparisons and better deals
Online platforms allow you to effortlessly compare various plans and providers. This helps you get the best coverage at a good price. Insurance providers usually offer tools that highlight discounts, promotions, and additional benefits, assisting you in making the right decision.
- Reminders
Online platforms often send timely notifications or reminders regarding your policy’s expiration and renewal due dates. This ensures you do not miss out on renewing your policy and remain covered.
How to renew bike insurance online easily?
Renewal of 2-wheeler insurance online has become a breeze these days. Most insurance company websites just require you to provide the two-wheeler registration number, and the rest of the information gets auto-filled. It is the same when you renew your two-wheeler policies on the insurance aggregator websites. But make sure the data that is automatically filled in from your expiring two-wheeler policy is correct. If there is a change in your address, ensure that you correct it.
It is important to provide the latest and correct information to your insurance company. Any information that has changed since the earlier policy needs to be updated at the time of renewal.
On paying the premium online, the two-wheeler policy gets digitally generated. Save the digital policy document so that you can access it later when required. A physical copy of the policy document should be kept along with other two-wheeler documents that are required while riding.
Mobile apps have facilities similar to the ones provided by insurance companies on their websites. Renewing two-wheeler policies online is easy. Mobile apps take that convenience to a different level. The precautions to be taken and information to be provided are not too different from the experience of renewing two-wheeler policies online.
If you are still not hooked on to the convenience of renewing your two-wheeler insurance online or through mobile apps, the good old general insurance agent is still available.
Common steps to follow for online payment of two-wheeler insurance
Online payment for two-wheeler insurance is seamless and secure. Follow these steps to ensure a smooth transaction:
- Visit the insurer’s website/app – Go to the official website or mobile app of your insurance provider.
- Log in – Log in to your account with your policy number or vehicle registration number.
- Select policy renewal/purchase – Choose whether you're renewing an existing policy or buying a new one.
- Review policy details – Verify coverage, premium amount, and add-ons (if applicable).
- Choose a payment method – Select a preferred payment mode, such as credit/debit card, net banking, UPI, or digital wallet.
- Make the payment – Complete the transaction securely through the chosen payment gateway.
- Receive confirmation – After successful payment, you will receive a confirmation email/SMS along with the policy document.
Conclusion
Renewing your two-wheeler insurance online is efficient and time-saving. It offers significant advantages, including ease of comparison, prompt payment, and instant policy receipt, all within a few simple steps. Whether you continue with your existing provider or opt for a new one, online renewal offers convenience for modern riders.
So, embrace the convenience of renewing your two-wheeler insurance online and enjoy peace of mind while riding!
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.