General Insurance

Two-Wheeler Insurance Renewal

Name: Renew Bike Insurance
Brand: Bajaj General Insurance
Rating: 4.7 (1208 reviews)

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Key Features

Renew Your Ride, Secure Your Journey!

Coverage Highlights

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Accidental Damage

Covers repair or replacement costs from collisions or mishaps

Theft Protection

Safeguards against loss or attempted theft of the vehicle

Third-Party Liability

Protection for injuries and property damage to others

Fire & Natural Calamities

Covers damages from fire incidents or extreme weather

Personal Accident Cover

Financial support for injuries sustained during an accident

Inclusions

What’s covered?

Damage due to accidents, fire, theft, and natural calamities

Third-party liabilities including bodily injury and property damage

Personal accident cover for both the policyholder and optional pillion rider

Coverage for damages incurred during transit of the vehicle

Add-on covers like zero depreciation and engine protection (as opted)

Exclusions

What’s not covered?

Normal wear and tear or mechanical/electrical breakdowns

Riding without a valid licence or under the influence of alcohol or drugs

Unauthorised modifications and racing-related damages

Damage outside the geographical limits of the policy

Intentional damage or fraudulent claims

Additional Covers

What else can you get?

24/7 emergency claim assistance and customer support

Dedicated digital policy management platform

Fast-track claim processing for quick settlements

Free roadside assistance and towing services

Regular updates on policy benefits and renewal reminders

Expert advice for maintenance and safety enhancements

What Is Bike Insurance Renewal?

Bike insurance renewal is the process to extend your two-wheeler’s insurance coverage before your existing policy expires. Renewing your bike insurance on time is of utmost importance, as riding on the roads with expired insurance may result in costly fines and you stay unprotected.

Most importantly, you do not get any coverage in case of an unfortunate accident for your motorcycle. Furthermore, depending on your insurer's terms, you may lose your accumulated No Claim Bonus (NCB) if you fail to renew it.

Although you get a grace period after the existing policy’s expiry date, renewing it in this window still allows you to retain insurance benefits.

Quick Overview

1
Hassle-free Online Renewal: At Bajaj General Insurance, bike insurance renewals are easy, as you can do it completely online from the website or Bajaj General mobile app.
2
Grace Period: Set a reminder for your policy renewal to ensure you do not forget to renew on time. In case you miss it, renew your insurance within its grace period.
3
NCB Benefits: Carry forward or transfer your No Claim Bonus (NCB) with timely renewal and get discounts on premium payments.
4
Upgrade Plan: As you renew your bike insurance, you get an option to upgrade your existing plan to one offering more benefits and coverage.
5
Renewal Offers: A timely renewal of your bike insurance helps with further savings. This is because you may get renewal offers that help with further savings.
6
A Large Network of Garages: Get your two-wheeler repaired without paying cash up front. Get access to over 7,200 cashless garages for hassle-free repair services.
7
On-the-spot Claim Settlement: After renewal, get your claim settled on the accident spot up to a certain amount.
8
Add Personal Accident Coverage: As a mandatory add-on, you can comply with road rules while renewing by adding this cover to your renewed insurance policy.

Key Features Two wheeler Insurance Renewals

If you are an owner of a two-wheeler, you must renew your bike insurance on time for eligible coverages and to avoid legal penalties. To understand its importance further, take a look at the features of bike insurance renewals:

Online Renewal

The renewal process is now streamlined and completely online. At Bajaj General Insurance, renew bike insurance online in just a few clicks.

No Claim Bonus (NCB)

You can earn NCB as a reward for responsible riding and transfer up to 50% NCB to get discounts on your renewal premium.

Update Coverage

A bike insurance renewal allows you to update coverage. As timely renewals do not let your policy lapse, you can update your coverage amount as per your needs while renewing it.

Avail Renewal Offers

When doing a bike policy renewal, you may find offers that you may want to opt for. Depending on the offers, you may get discounts on premiums or in other aspects.

Review Your Add-Ons

Bike insurance renewals allow you to choose add-ons you may not have considered when you purchased it. 24/7 roadside assistance, zero depreciation, etc., are some you may opt for.

Hassle-Free Process

As you renew your bike’s insurance online, you can get a further feature of renewal without inspection. Once you pay for the renewal, you get your updated insurance almost instantly.

Types of Two Wheeler Insurance Renewal

Bike Insurance Renewal

Renew Bike Insurance

Third Party Bike Insurance

Renew Third Party Bike Insurance

Why Choose Bajaj General Insurance Limited for Bike Insurance Renewal?

As your bike insurance nears expiry, if you are looking for a reliable insurance provider, you do not have to look further. The following are some key reasons why Bajaj General Insurance can be the right choice for you:

Trusted by Customers

Due to our extensive experience in the insurance sector, we offer unparalleled support in bike insurance. Our large customer base of over 17 crore reflects our reliability in our services.

Wide Variety of Insurance Options

With Bajaj General Insurance, you get a wide range of bike insurance options. While renewing, you can explore comprehensive, standalone, third-party and use personal accident cover, all in one place.

Faster Claim Settlement

At Bajaj General Insurance, we help accelerate claim settlement. Our innovative Motor On-The-Spot (OTS) feature enables the settlement of claims up to ₹20,000 within 20 minutes through the Bajaj General Insurance app

Affordable Bike Insurance Renewal Plans

Bike insurance renewal at Bajaj General Insurance adds to your affordability. With us, insurance premiums start at ₹538. However, depending on engine type or plan, the premium amount varies.

Network Garages

As you renew your bike insurance with us, you get access to a larger network of garages across India. We offer hassle-free services across more than 7,200 garages in India.

Cashless Repair

As you complete a bike insurance renewal with us, cashless repair is another benefit. In case of eligible damage, get your bike to our network garage and avail a cashless repair.

Theft and Total Loss Cover

At Bajaj General Insurance, you can get broader financial safety. For example, our comprehensive and standalone cover provides theft and total loss cover, increasing your financial safety.

Continued Road Assistance

With a renewed Comprehensive or Standalone Cover, you get 24x7 roadside assistance.

Reliable Customer Support

In an unfortunate accident on the roadside, it is natural to panic. At Bajaj General Insurance, we have a dedicated call and chat support to take care of all insurance needs.

Why Should You Renew Two Wheeler Insurance Online?

An online bike insurance renewal brings you an array of convenience, which makes your renewal process seamless. For a better understanding, take a look at the key reasons why you should renew it online:

More Convenient

Renewing your bike insurance online is quick and hassle-free. You can renew your expiring policy anytime, anywhere using your smartphone or computer, without visiting a branch or office.

Time Saving

Not only does an online renewal help you renew your policy from anywhere, but it also saves time. As you renew from our website or app, you can instantly update it.

Easy Comparison

While renewing your bike insurance, you may want to compare premiums, coverages, IDV, add-ons, etc. An online renewal helps with this, as you can compare these on our platform with transparency.

Secured Payment

As you make a bike insurance renewal online, you may have concerns about payment security. With robust encryption and other security measures in place, every transaction you make remains secure.

Digital Documentation

Another reason to opt for an online renewal is that you do not have to carry a bunch of insurance papers while riding. You get your insurance digitally in your email without needing a space to store physical papers.

Cheaper Premium Costs

Buying or renewing policies involving an agent may incur extra costs. An online bike insurance renewal eliminates the requirement for commission costs, providing you with direct-from-insurer pricing for more savings.

Role NCB in Bike Insurance Renewal?

NCB or No Claim Bonus is yet another crucial component of the bike insurance renewal process. While exploring two-wheeler insurance renewal, take a look at what role this component plays in it:

You get NCB as a responsible rider and do not make a claim in a policy year. If you renew in time or within a 90-day grace period, you can start accumulating it.

Your accumulated NCBs help with greater savings. With Bajaj General Insurance, you can retain and transfer 50% of NCB benefits for premium discounts.

Even if you sell your bike, you can still retain this bonus.

NCB further helps lower premiums for your new bike. If you switch to a new bike, you can lower its premiums by forwarding the existing NCB to its insurance.

This bonus acts as a reward system for being a responsible rider. It encourages you to develop safe bike riding habits, lowering the probability of accidents.

How to Renew Your Two wheeler Insurance?

With Bajaj General Insurance, bike insurance renewal is made easy, as you can do it completely online. Here are the same quick and easy steps that you must follow to renew your expiring insurance:

Download and open the Bajaj General app on your smartphone or click on renew on this page.

While renewing your existing policy, take a look at the coverage and make updates if required. Check for any existing renewal offers to reduce your expenses.

Add riders if required or remove the ones that you may not need and check the price the app or the portal shows for renewal.

Go through the details once again for accuracy, confirm them and proceed with further steps.

Choose your preferred payment mode and pay the bike insurance renewal price online.

As your online payment is successful, you will receive an instant confirmation regarding your updated policy at your registered email address.

Step-by-Step Guide

Steps to Renew Your Bike Insurance?

How To Buy

1

Download the Bajaj General App from App stores or click "Get Quote"
2

Register or log in to your account.
3

Enter your bike details
4

You will be redirected to the bike Insurance Page.
5

Ensure to check your No Claim Discount
6

Choose right Insured Declared Value(IDV) that reflects your bike value
7

Evaluate Covers, Add Ons, Optional Covers and Exclusions
8

Select a plan from the recommended options, or customize your own plan
9

Review the premium and other coverage details
10

Proceed with the payment using your preferred method
11

Receive confirmation of your purchased policy via email and SMS

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How To Renew

1

Login to the app
2

Enter your current policy details
3

Review and update coverage if required
4

Check for renewal offers
5

Add or remove riders
6

Confirm details and proceed
7

Complete renewal payment online
8

Receive instant confirmation for your policy renewal

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How to Claim

1

Download our Bajaj General App on Android or iOS
2

Register or login to use Motor On the spot claim for a smooth process
3

Enter your policy and accident details (location, date, time)
4

Save and click Register to file your claim
5

Receive an SMS with your claim registration number
6

Fill in the digital claim form and submit NEFT details
7

Upload photos of damaged parts as instructed
8

Upload your RC and driving license
9

Receive an SMS with the proposed claim amount
10

Use the SMS link to agree/disagree with the claim amount
11

Agree to receive the amount in your bank account
12

Track your claim status using the Bajaj General App

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Know More

1

For any further queries, please reach out to us
2

Toll Free : For Sales :1800-209-0144
3

Email ID: careforyou@bajajgeneral.com

What are the Tips for Renewing Your Bike Insurance?

Renewing your bike insurance policy is simple, but paying attention to a few key aspects can help you make the most of your coverage. Here are some important tips to bear in mind while renewing your expiring insurance:

Choose the Right Policy

Assess your insurance needs before you renew your insurance and upgrade if necessary. You may choose to upgrade from a third-party plan to a comprehensive one for overall coverage.

Personal Accident Cover

This cover is now mandatory when you renew your bike insurance or purchase a new one. When renewing your bike insurance, ensure you add this cover to your updated policy.

Review Add-Ons

Add-ons like roadside assistance, towing services, etc., improve the scope of your insurance. Review available add-ons when renewing and remove the ones that you do not need with your updated policy.

Mention Modification Details

When renewing, if asked, clearly mention the modification details that you may have done to your bike. Informing your insurer about modifications helps with hassle-free claims and avoids last-minute surprises.

Check Inclusions and Exclusions

Due to regulatory updates, your insurer may update inclusion and exclusion criteria. Hence, when you are renewing your policy, check once if there are any changes in these criteria.

Fill Out Accurate Details

During a bike insurance renewal, carefully fill in your personal, vehicle and policy-related details. In case of an inaccuracy, your policy may become invalid, even if you put inaccurate details unintentionally.

Download Policy Documents

Get instant access to your policy details with a single click.

Brochure

https://www.bajajgeneralinsurance.com/motor-insurance/motor-insurance

Policy Wordings

Proposal Form

Claims Form

Customer Info Sheet

Download

What are the Bike Insurance Renewal Terms You Need to Know About?

1
Own Damage : For damage to your bike due to natural disasters like storms, floods, hailstorms, etc., this coverage pays for the incurred damage. It also covers expenses for theft, fire, explosions, etc.
2
Third-Party Liability: It is a mandatory component for your bike insurance policy. It protects you against legal expenses and financial liabilities arising from bodily injury or property damage caused to a third party due to an accident involving your two-wheeler.
3
Comprehensive Cover: A comprehensive cover means the insurance option which combines the benefits of own damage and third-party liabilities. With this, you do not have to buy separate policies while renewing your policy.
4
Personal Accident Cover: This is another mandatory component in two-wheeler insurance. It provides a specific sum insured amount in case of death or permanent total disability of an owner-driver from an accident.
5
Premium: This is a specified amount that you must pay to your insurer when you make a bike insurance renewal. It varies depending on engine capacity, your chosen IDV and other factors.
6
Inclusions: Inclusions are some specific damage, losses, or liabilities arising from covered events for which your insurer settles your claim.
7
Exclusions: Opposite to inclusions, these are conditions, events or scenarios where you may not get coverage under your policy.
8
Cashless Claim Settlement: In case of damage, you get cashless repairs for your bike at any of the network garages in India. Here, you do not need to pay for eligible repairs.
9
Reimbursement Claim : If you repair your two-wheeler after a covered incident at a non–network garage, you pay upfront, and your insurer reimburses that amount. However, the availability of this option depends on policy terms.
10
Grace Period: If you somehow forget to complete bike insurance renewal on time, your policy does not lapse immediately. Insurers provide an extended period to renew and continue your bike insurance policy.

Renewal

Why does my vehicle insurance premium change during renewal?

Vehicle insurance premiums can change at renewal due to several factors, including depreciation, add-on covers, the type of model of your vehicle, and additional accessories. Consequently, the premium may increase or decrease each year.

How is NCB calculated at the time of renewal?

No claim bonus is calculated at renewal based on the consecutive years the insured has not filed a claim. The discount percentage usually increases each year, following the policy terms.

Can I change my motor insurance provider at renewal?

Yes, you can switch providers at renewal. Compare quotes and coverage options to find the best deal.

How can I renew my bike insurance policy?

You can renew your insurance policy in two ways – online or offline. The online renewal process is super quick and simple and takes only a few minutes.