Comparing and Finding the Best Policy According to Your Lifestyle

Bike owners love to use their prized possession for work and leisure alike. Are you a busy office-goer who wants to save time on the crowded streets of India? If yes, you certainly find your bike the easiest means to commute to work given its affordable fuel efficiency, speed, and ease of manoeuvring on jammed roads.

Being a responsible bike rider, it is mandatory for you to purchase and renew third party liability insurance cover as per the Motor Vehicles Act, 1988. Here, we help you take a quick look at why it is necessary to track your bike insurance renewal date and keep it in force.

Keep a Track of Your Insurance Expiry

These days, with technology taking centre stage like never before, it is not as difficult to meet important dates like those linked with bike insurance renewal.

1. Install expiration reminder apps

Hunt online for the best apps for tracking expiration dates, reminders, and renewals. Once done, take out time to punch in the insurance renewal dates, premium amount, and other tracking details that will help you make your renewal payments from anywhere, anytime.

A good renewal tracking software will send you timely notifications so that you do not find yourself in a compromising financial position in the event of an accident or any untoward incident while riding your bike.

2. Research and compare bike insurance renewal options

As you near the final date of renewal of your bike insurance, it is recommended that you log on to insurance comparison sites like to assess the policies that suit your lifestyle, coverage needs, and premium budget alike.

You may want to check out different insurance plans for bikes and scooters in India on the basis of their features, payment terms, tenure, premium amount, payment flexibility, claim settlement ratio, etc. to make quick and informed decisions.

3. No grace period for two-wheeler insurance

In general, two-wheeler insurance plans in India do not allow for any grace period. This effectively means that in the event of missing out on the renewal due date, and/or failing to pay the next premium in time, your policy will lapse for good.

This, in turn, will stop you from using the motor insurance benefits that you may have already paid for earlier on. Additionally, the price of your next policy purchase will be impacted negatively and you may have to pay a higher premium to get the same coverage.

Overall, it is essential to keep the bike insurance renewal date handy and take prompt and timely actions to prevent it from lapsing.

Why Is It Crucial to Renew Your Insurance on Time?

1. Mandatory by law

Regardless of your lifestyle, as the proud owner of a motorcycle or scooter, it is mandatory to have a third-party bike insurance in place as soon as you purchase it. The same rings true for regular and timely bike insurance renewal as it is illegal to drive on Indian roads without having a third-party liability cover in place. Given this scenario, it becomes important to compare and find the best policy according to your lifestyle; that too at the earliest.

2. Lapse may lead to the purchase of new bike insurance

If your policy has expired for a considerable period of time because of non-renewal, you may have to invest in an altogether new bike insurance policy right away.

As the act is necessary to comply with the Motor Vehicles Act, 1988, you may have to dole out an extra premium to get the best bike insurance in your hour of need.

3. Fines and penalties

In the event of an accident, you will lose out on financial benefits that you would have otherwise gained if your insurance plan was in force. Alongside, you may be required to pay heavy fines for the days on which your bike remains uninsured.

Renew Your Bike Insurance at the Earliest

Given the many hassles and disadvantages of not renewing your bike insurance in time, it is best to track the expiry date and pay the premium in time for continuous coverage. Log on to and do the needful – especially if your policy is about to lapse soon!

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