If you ride a bike, you already know how important bike insurance is. It’s not just about following the law; it’s about making sure you’re financially protected when the unexpected happens. Still, many riders wonder why bike policy renewal is so important, especially if they ride infrequently or keep their bike in excellent condition. The truth is, a valid policy saves you from heavy repair bills, medical expenses, and even legal issues. Renewing on time, whether yearly or through long-term options, also helps you retain benefits and ensures your coverage continues uninterrupted. With Bajaj General Insurance, renewing your bike insurance is quick and simple. It comes with additional benefits, including useful add-ons, fast claims support, and flexible plans tailored for everyday riders.
1. Stay Legally Compliant and Avoid Penalties
In India, third party bike insurance is mandatory under the Motor Vehicles Act. Riding without a valid cover can lead to fines, legal trouble, or even vehicle seizure. Whether you choose an annual or long-term plan, keeping your policy active ensures compliance. Bajaj General Insurance makes this easier with timely reminders and a simple online renewal process.
2. Continuous Protection Against Uncertainties
A lapse in your bike insurance policy leaves you financially exposed in case of accidents, theft, natural disasters, or fire. Renewing on time means uninterrupted coverage and peace of mind on the road. With comprehensive policy options and add-ons, you can stay protected from costly repairs and third-party liabilities without gaps in your cover.
3. Retain Your No Claim Bonus (NCB)
One of the most significant rewards of timely renewal is the No Claim Bonus (NCB). If you don’t raise a claim in a policy year, you earn a discount on your next premium. Bajaj General Insurance helps you track and retain this benefit seamlessly.
Just remember: NCB can be carried forward within the 90-day grace period after policy expiry, but delays beyond that mean you risk losing it.
4. Flexibility with Plan Options
While annual renewal offers flexibility to reassess your coverage and add-ons, Bajaj General Insurance also provides two-year and three-year third-party policies, as permitted by IRDAI. These more extended plans help you avoid annual premium hikes. If you prefer to review your policy regularly, a yearly renewal ensures your plan stays aligned with your riding needs.
5. Easy Online Renewal Process
Forget long queues or heavy paperwork. With Bajaj General Insurance, you can renew your bike insurance in just a few minutes through the website or mobile app. Enter basic details, review your quote, adjust the Insured Declared Value (IDV) if needed, and make a secure payment. Your renewed policy is issued instantly.
6. Quick Claim Settlement Support
Accidents or damages can be stressful, but Bajaj General Insurance makes the process easier with its Motor On-The-Spot claim facility, which allows eligible minor claims (up to INR 30,000) to be settled within 20 minutes through the mobile app. By keeping your policy active, you continue to enjoy access to such fast-track services.
7. Cashless Repairs at Network Garages
In case of damage or breakdown, policyholders can utilise cashless repair facilities at a vast network of authorised garages. Annual or long-term bike policy renewal ensures uninterrupted access to this convenience..
8. 24×7 Roadside Assistance
Breakdowns can happen anytime. With 24×7 roadside assistance as an optional cover, you can get support for flat tyres, dead batteries, towing, or emergency fuel delivery. Renewing your policy on time ensures these add-ons remain active whenever you need them.
9. Inspections for Expired Policies
If your policy lapses, inspections may be required in accordance with IRDAI guidelines. Bajaj General Insurance simplifies this through a self-inspection feature in its mobile app for certain lapsed cases within a limited window. This makes the process smoother, though it’s best to renew on time to avoid the hassle.
10. Shield Yourself from Premium Hikes
Annual policyholders may be exposed to yearly third-party premium hikes, as the IRDAI revises these rates annually (usually from April 1). Opting for a long-term third-party policy with Bajaj General Insurance can help lock in rates and protect you from such increases.
11. Access to Customised Add-ons and Services
Your riding habits and needs may change over time. With every bike policy renewal, you can customise your plan by including covers like engine protection, roadside assistance, or pillion rider protection. Annual or timely renewal ensures your policy stays relevant.
12. Superior Customer Support
Renewing your policy helps you stay connected with Bajaj General Insurance’s strong customer support network. You can get help through phone, email, or the mobile app, making sure your queries and requests are resolved quickly throughout the policy period.
Conclusion
Renewing your bike insurance is one of the simplest ways to keep your two-wheeler protected against unexpected expenses and legal hassles. A timely bike policy renewal helps you retain your No Claim Bonus, maintain continuous coverage, and access services like quick claim settlement, cashless repairs, and roadside assistance. With Bajaj General Insurance, renewing your bike insurance is straightforward, whether you prefer an annual plan or a longer-term option. Making bike policy renewal a regular habit ensures lasting protection, value, and peace of mind every time you ride.
*Standard T&C Apply
#Visit the official website of IRDAI for further details.
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.
Claims are subject to terms and conditions set forth under the motor insurance policy.
Also Read: Motor Car Insurance Renewal Online: A Hassle-free Guide
