Processing your bike insurance renewal on time is equally important to get the right motor insurance that satisfies your requirements. Bike insurance renewal is the process of extending your insurance coverage for the tenure of your choice. Doing it on time can fetch you countless benefits in the long run. If you opt for ACKO or Bajaj Allianz two-wheeler insurance, then you can do your bike insurance renewal process online from the comfort of your home. It is a completely paperless process that can be complete within minutes.
You might think renewing your bike insurance is not that big a deal. But it is. Read to know more!
Here are some of the top 6 advantages of bike insurance renewal on time for your understanding.
Sustaining No Claim Bonuses
The No Claim Bonus is one of the most lucrative paybacks of a motor insurance policy. You can upgrade your existing no-claim bonus percentage to the next tenure by processing your bike insurance renewal on time. By doing so, you can get more discounts on the premium and save money effectively.
If in case, you do not renew your bike insurance on time, then you might risk losing the accumulated NCB. Then you would have to pay the entire premium without any discount out of your pocket during your insurance renewal. If you get the Bajaj Allianz two-wheeler insurance, you can renew your bike insurance online instantly.
With a proficient bike insurance policy, you would get adequate and enhanced coverage from a lot of damage and unprecedented occurrences. To make sure of your coverage, you need to keep a tab on your insurance and get it renew on time. You need to process your bike insurance renewal within the end of the grace period for the insurance policy to be valid for the next tenure.
Usually, a grace period would be around 30 days which is enough for you to renew your plan. If you miss out on that, your bike insurance policy will be void and no longer offers you any coverage. Get your Bajaj Allianz two-wheeler insurance renew online today.
Option for update
When you choose to renew your bike insurance policy, you also have the chance to make upgrades or changes to your existing policy. You can also completely change your bike insurance according to your requirement during the time of renewal. Opting for the best-selling Bajaj Allianz two-wheeler insurance make sure you can renew your policy online within minutes.
Likewise, you can also choose your preferred tenure while processing your bike insurance renewal. Depending upon your need, you can go for a 1-, 2- or 3-year tenure. Make sure to opt for long-term tenure to get more amazing discounts and benefits from your insurance policy provider.
Having capable bike insurance will protect your bike from a myriad of damages and accidents. It also provides you with comprehensive security in multiple avenues. From taking care of accident repairs to legal liabilities, everything is cover by existing bike insurance. If you opt for a comprehensive plan, even the damage incurr by external factors like theft, natural disasters, and burglary is cover by the insurance plan. For this to be effective in place, you need to process your bike insurance renewal on time to prevent it from getting lapse.
According to the Indian motor vehicles act of 1988, it has become mandatory for every Indian citizen to own proper third-party motor insurance to legally drive on Indian roads. If you fail to renew your bike insurance timely, it gets lapse and doesn’t offer you coverage anymore. That is why it is very important to get your bike insurance renew on time. So, you do not have to face any hassles. Be a law-abiding citizen and process your bike insurance renewal today!
No worries about fine or imprisonment
Not having proper motor insurance or driving with expired insurance is an offence in India. This would put you under legal wrongdoing which might result in paying a hefty amount as a fine or facing imprisonment for up to 3 months. To avoid all that, get your bajaj allianz two wheeler insurance today. It is a very simple process and can be done online within minutes from the comfort of your home.
Peace of mind
Doing your bike insurance renewal on time will ensure that the insurance policy provides you with extended coverage. The security rendered by proficient motor insurance will actually help you have peace of mind without having to worry much about damage repair costs and other expenses. Also, with proficient motor insurance in place, you do not have to think much about legal liabilities and third-party settlements. Get your Bajaj Allianz wheeler insurance today!