Bike Insurance Renewal After Expiry

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Disclaimer:Tata Capital Limited (“TCL”) registered with IRDAI (License No. CA0896, valid till 21-Jan-2027), acts as a Corporate Agent “Composite” for Go Digit General Insurance Limited. Please note that, TCL does not underwrite the risk or act as an insurer. For more details on the risk factors, terms and conditions please read sales brochure carefully of the Insurance Company before concluding the sale. Participation to buy insurance is purely voluntary.

The Registered office of TCL is Tata Capital Limited, 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam, Marg, Lower Parel, Mumbai-400013.
The Registered Office of Go Digit: Go Digit General Insurance Limited, 1st Floor, Fairmont, Hiranandani Business Park, Powai, Mumbai – 400076.
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Two-Wheeler Insurance Renewal Online After Expiry

What Happens When Your Two-Wheeler Insurance Expires?

What Happens When Your Two-Wheeler Insurance Expires?

When you can no longer avail yourself of the insurance benefits because of non-payment of the bike insurance premium before the due date or after the grace period, it is called a lapsed or expired bike insurance policy. An expired bike insurance policy means that you also lose the financial protection it provides, implying that you won't be covered for any damages or losses in case of an accident, theft, or natural disaster. So, after a two-wheeler insurance policy expires, you will have to pay for any repair costs or third-party liabilities out of your pocket.

Also, riding without an active bike insurance policy is illegal in India, which can result in hefty penalties, including even imprisonment. You also risk losing insurance benefits, such as a no-claim bonus. So, it is important to insure your bike throughout your life since it helps you protect your bike against a variety of risks associated with the bike at all times.  

Consequences of Riding a Bike with an Expired Policy

Not having an active bike insurance policy can land you in financial as well as legal trouble. Here are other consequences of riding a two-wheeler with an expired insurance policy in India:

Pay the Cost of Losses & Damages

Pay Cost of Losses & Damages

If your two-wheeler insurance has expired and something happens to it post the expiry date, then you will have to pay for its losses and damages yourself. Even if you’re not using your two-wheeler during this lockdown, it is still prone to damages and losses that could occur due to instances such as overheating of the vehicle, theft of the bike or parts of it, damages caused if something hits the bike while parked, etc.

Penalized by Traffic Police

Penalized by Traffic Police

If you’ve forgotten to renew your two-wheeler insurance and the police catches you, you will be penalised with a fee of ₹1,000 to ₹2,000.  That’s a real bummer, considering it takes way less than that, starting Rs 750 (depending on your type of two-wheeler) to cover for it! 

Loss of No Claim Bonus

Loss of No Claim Bonus

If you’ve never made a bike insurance claim whilst your policy was active earlier, and you don’t renew it on or before time, then you lose out on your no claim bonus in bike insurance! This means no renewal discounts on your bike insurance premium.

Renew Expired Bike Insurance Policy

Renew Expired Bike Insurance Policy

If you’re someone whose bike insurance policy has already expired or is going to expire soon...here’s how to renew your bike insurance online. 

Nowadays, renewing the two-wheeler insurance policy is no longer as stringent as it used to be 5 years ago. You can now renew an expired two-wheeler insurance policy online, which accomplishes the renewal process in an easy and less time-consuming way.

Additionally, IRDAI observed that most people do not renew their two-wheeler insurance policy on time, and don’t even realize when their policy expires. That’s why you now have the option to renew your policy before its expiry date. You can also go for a multi-year two-wheeler insurance policy, whereby you purchase the insurance for 3 or 5 years as well. 

How to Renew Expired Two-Wheeler Insurance with Digit?

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Login

On the Digit App or website, login and go to the ‘My Policy’ section.

Select Policy

Select the policy pending for renewal and click on ‘Renew Policy.’

Customise Plan

Select desired add-ons and start the payment.

Complete Payment & KYC

Complete the payment and mandatory KYC verification process. Once completed, the policy will be issued and available in Digit App.

Why Renew Expired Bike Insurance Policy Online?

Here’s why renewing two-wheeler insurance online is a better idea:

No Documents Required

No Documents Required

Online bike insurance renewal process is paperless and hassle-free, which requires only your personal and previous policy details, and you are done.

Compare Quotes Online

Compare Quotes Online

You can easily compare bike insurance renewal prices online on various insurers’ websites, including the features of insurance policies offered by them. 

Easy and Quick

Easy and Quick

You can renew your policy online as per your convenience, making it less time-consuming with just a few clicks.

How to Avoid Lapses in Bike Insurance Renewal?

How to Avoid Lapses in Bike Insurance Renewal?

To avoid lapses in bike insurance renewal, remember the following:

  • It is best to choose a long-term bike insurance policy that covers you for up to 3 or 5 years, as this will save you the hassle of renewing bike insurance every year. 
  • You can choose an auto-renewal option at the time of buying the insurance policy, if your insurance offers the feature. This way your policy will be renewed automatically without the fear of it getting expired. 
  • While buying a bike insurance policy, you can also opt for alert services, like you can set a reminder in Digit app, to help you keep track of the upcoming two-wheeler insurance renewal due date.    

How to Check the Expiry Date of Your Bike Insurance Policy Online?

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VAHAN Website

Visit the website of the Ministry of Road Transport and Highways – VAHAN.

Enter Vehicle Number

Click on "Know your vehicle” and provide your vehicle number and verification code.

Check Details

Then click on “Search Vehicle” to know the policy status of your bike insurance, including its expiry date.

Things to Keep in Mind When Your Bike Insurance Policy has Expired

Things to Keep in Mind When Your Bike Insurance Policy has Expired

If your bike insurance policy has already expired or isn’t active yet, here are some things you should do to keep you and your bike safe:

  • Avoid riding without a valid two-wheeler insurance policy. After all, you never know what can happen. If you’re caught by a cop or even land up in a small accident, the risks aren’t worth it!
  • If you’re confused about changing your bike insurance provider from your previous policy, evaluate your options online and make an informed decision. 
  • If you can, opt for a long-term policy when you’re renewing your policy online, this way you don’t need to worry about renewals for some time.
  • Ensure your bike’s documents are in place, you’ll need them or some details from the same, to renew your two-wheeler insurance policy.

FAQs about Renewing Expired Bike Insurance Policy

Manasvi Gupta

Written By:

Manasvi Gupta

mayur-black-white-test

Reviewed By:

Mayur Kacholiya