Two-wheeler Insurance Renewal: Conventional Vs Online Process

Renewing your two-wheeler insurance is no more a nightmare now. All thanks to online renewal process that allows you to renew your lapsed policy without an inspection or documentation. This way the two-wheeler insurance online renewal process becomes easier and hassle-free these days.
With many online aggregator introduced, now vehicle owners can take a stress-free nap and all their insurance related issues are being taken care off!

Why One Should Choose Online over Conventional Renewal Process

Conventional Two-wheeler Renewal	Online Two-wheeler Renewal
Time consuming process	Speedy process
Tedious paper work	Less or no paper work
The insured is required to visit the insurance office to get the renewal done	You can renew the policy at your utmost comfort; even you are on your bed or travelling to somewhere.
Broker guides you throughout the process	No broker required

In the conventional process, vehicle owners experienced rigid inspection, which costs were borne by them.  It is a cost other than the premium and also a burden on him. However, the tedious documentation process makes the process more tiring.

However, gone are the days now, when two-wheeler owners experienced such events. By simplifying the entire process, online two-wheeler renewal process has started gaining attention among the customers.

Steps to Renew Your Lapsed Policy Online

Shop for Insurer

You have to finalize an insurer that offers you a competitive premium rate to cover your vehicle. You can use online aggregators to compare the policies, the benefits or features and get the best deal.

Get your Two-wheeler Inspected

At the time of renewing the policy, you must get your two-wheeler inspected by a surveyor to ensure pre-existing damages. If there is any, your vehicle will be deprived of an insurance policy. Again if it is a minor one, then that could be excluded from two-wheeler insurance cover. You’ll also have to bear a minimum charge for the inspection, irrespective of if there is any damage or not.

Buy the Policy

After the inspection is done, you are all set to purchase a two-wheeler insurance plan. Some insurers also offer policies within 24 hours after the inspection done. The best way to buy your insurance in online purchasing.

No Claim Bonus

If you’ve missed the policy renewal date and it lapses for more than 90 days, you’ll lose the earned No Claim Bonus during your policy tenure. NCB is offered for every claim free year as a discount on your annual premium. It could be a huge loss if you’ve not claimed your policy for 3 -4 years when you lost the NCB.

Renew Your Policy with the Same Insurer

If you are unwilling to leave your insurer and renew the lapsed policy with the previous insurer only, call the insurer asking for the more information on how to renew your policy. After an inspection, the insurer will guide you through the process.

It is an offence to drive your two-wheeler without a valid insurance policy. It is hereby mandatory to keep your insurance updated on time. You should set an insurance renewal reminder to wake you up whenever your insurance renewal is due. However, by opting multi-year insurance plans, one can get rid of the renewal periods odds. In multi-year plans, you will get the enough time to renew your policy and need not to do it annually. We guess it is not that tough to maintain a date once in three years t to renew the insurance.