How do I change my bike insurance date?

Since the bike insurance is nontransferable, you must cancel the existing policy and avail a new one. To do so, a notice of at least 7 days should be provided in writing to the existing insurer. In the interim, you can sign with the desired insurer for a new policy.

How long is bike insurance valid for?

If you have just bought a brand new scooter or bike and decided to go with basic third-party bike insurance, you will necessarily have to buy a 5 year insurance policy. But if you choose to purchase comprehensive two-wheeler insurance for your new bike, then your policy tenure will be 3 years and not 5 years.

What is registration date in bike insurance?

Effective September 1, 2018 (registration date) the nature of insurance policies have gone long term. For new bikes purchased after that date, the third-party premium has to be paid upfront for 5 years. However, owners of two-wheelers purchased before that date may continue to pay as it is.

Can insurance policy be edited?

The policyholder must inform the insurance company if there are any changes in the personal details provided in the policy. They can do this by submitting a letter to the insurer along with proof of the details changed. In some cases, they may also ask you to pay an additional premium to update your policy.

How do I change ownership of my bike insurance online?

Steps to transfer two wheeler insurance

1. RC (Registration Certificate)
2. Details of the vehicle.
3. Original insurance policy.
4. Date of ownership transfer.
5. Name of the dealer.
6. Details of the premium paid for the original policy.
7. NOC (No Objection Certificate) from the previous policyholder.
8. Personal details of the buyer & seller:

What if bike insurance is not renewed?

When you fail to renew bike insurance the policy before the due date, your two-wheeler insurance policy expires. If the policy gets lapsed, your insurer is no more liable to provide any financial assistance or to entertain any of your claims.

How do I know if my bike insurance is expired?

Simple Ways To Check Bike Insurance Expiry Date Online

1. Check The Expiry Date Via Insurance Information Bureau. All insurance policy related details can be found on the website of the Insurance Information Bureau (IIB).
2. Check The Expiry Date Via VAHAN.
3. Check The Expiry Date Via Your Insurer.

What happens if I renew my bike insurance late?

You have to pay a penalty in the form of late payment fine, and if you don’t make that payment on time, your services can be terminated. In the worst case scenario, the company may take legal action against you.

Is RC required for insurance?

However, you can still purchase a four-wheeler and have insurance for it. Also, there can be a substantial time frame in between the purchase of your car and obtaining your Registration Certificate. Within this period, car insurance claims can be done without an RC.