Every two-wheeled vehicle in India is required to have a current insurance policy. You should renew your motorcycle insurance policy on schedule to avoid a lapse since the vehicle requires continuous insurance coverage. If this is done, the policy lapses, and you gain coverage for your motorbike.
If you fail to renew your insurance on a two-wheeler insurance app promptly for a valid reason, you need not fret. The insurance company provides a grace period during which the policy can be reactivated. This term is called the break-in period, a useful and essential component of bike insurance. Check this page for more information on a break-in phase.*
What is an insurance break-in period?
The break-in period is the additional time you have to renew your bike insurance coverage once the policy has lapsed. This is a useful advantage, but you should not have to use it, as you must renew your insurance before it lapses.*
How to renew your motorbike insurance
You must renew your bike insurance policy on time. Happily, the Internet has made things much simpler for you now. Everything may be done online, including the renewal of two-wheeler insurance. If your policy has lapsed and you need to renew it during the grace period, all you have to do is access your insurance provider’s portal, pay the renewal fee, and you’re done.*
This is a substantial benefit versus offline renewals. If you want to renew your bike insurance offline during the introductory period, your bike will likely be inspected. This may result in a premium increase. Consider renewing the policy online for its speed, convenience, and cost-effectiveness and get a bajaj allianz bike insurance claim.*
How to renew your bike insurance coverage during the introductory period
As stated, renewing a two-wheeler insurance coverage online during the introductory term is a simple process. Likewise, the documentation is basic. You only require some basic KYC papers, prior policy documentation, and a vehicle registration certificate.
After these documents are uploaded, and payment is made, the insurance will be reactivated immediately. When renewing your bike plan during break-in time, there are a few crucial considerations to remember.*
- The duration varies per insurance company:
While most two-wheeler insurance providers give a 90-day grace period, this quantity varies per provider. So, examine the policy language and determine the actual amount provided by your insurance provider.
- An inspection might be needed:
If you leave your vehicle insurance to lapse for an extended time, your insurer may request a physical check of the motorbike before you buy motorcycle insurance. This may increase your motorbike insurance rate, and you will pay more.*
- Best avoided:
Although the break-in time is a significant advantage of bike insurance, it is a characteristic that should be avoided. Idealistically, you should be diligent and pay your motorcycle insurance payment on time so that you may renew your coverage before it lapses. Set up reminders or auto-payment options to ensure that your coverage never lapses to get a bajaj allianz bike insurance claim.*
*Standard T&C Apply
‘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.‘