Two Wheeler Insurance Renewal Online After Expiry

There is no denying that a bike brings a great sense of comfort for daily commuting but also, owning it comes with many responsibilities. For instance, you must keep all the vehicle-related papers, including the two-wheeler insurance policy, updated. Moreover, the Motor Vehicles Act of 1988 requires that every biker must have an active two-wheeler insurance policy. Hence, you should renew your policy on time to keep it active. However, there might be instances where this does not happen. This article will help you by explaining how to renew expired bike insurance online.

Let us understand this with an example: Rajesh forgot to renew his bike insurance on time, so it eventually expired. Fortunately, he renewed his bike insurance within a month of expiry saved his accumulated NCB, and received a renewal discount. 

On the other hand, his friend Rahul also forgot to renew his bike insurance on time but didn’t renew it. Unfortunately, he was involved in a bike accident without an active bike insurance policy. Because he didn’t possess valid two-wheeler insurance, he had to bear the repair expenses for all the accidental damages. The takeaway from this story is that bike insurance has to be renewed on time. Nevertheless, if the policy expires, renew it as soon as possible.

Ideally, you should renew your bike insurance well before its expiry. Not being covered under valid bike insurance exposes you to huge risks such as penalties and no insurance coverage. Nonetheless, if your bike insurance has expired, here’s how to go about online renewal of an expired two wheeler insurance policy.

Once you receive the policy document, make sure to verify the details. In case of discrepancies, contact the insurer and make the necessary changes via the policy endorsement process.

If you are an ACKO customer, you can verify your insurance status by visiting the ACKO website and signing into your account. The expiry date is also mentioned in the policy document.

The grace period is a 30 to 90 day period after your bike insurance has expired, wherein you can renew your policy without losing the accumulated NCB and other benefits. However, you will not receive any coverage during this period. So, if you incur any accidental damages, you will have to pay for the repair costs yourself.

Apart from that, if you get caught riding without valid Third-party Bike Insurance, you may have to pay a fine or even serve jail time. That is why we advise against waiting until the two wheeler insurance renewal grace period to get your bike insurance renewed. It is wiser to get it renewed 10 to 15 days before the expiry of the policy.

Listed below are some of the benefits when you renew an expired bike insurance policy online:

Listed below are some of the things to consider before you renew an expired bike insurance policy: