Renew Bike Insurance Online
Bike Insurance Renewal Online
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Bike insurance Online, starting ₹752
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Why Should You Do Bike Insurance Renewal?
A bike insurance policy may offer protection against damage, theft, riots and strikes, terrorism, and other natural calamities. Continuing the insurance cover of your bike beyond the date of expiry of the policy is defined as Bike Insurance Renewal. The date of expiry indicates the moment from which the current insurance policy will cease to operate. The renewal of the bike insurance can either be on the same terms and conditions, or you can enhance the policy with some add-ons.
Whether you're buying a new policy or renewing the old one, bike insurance is mandatory in India. Also, doing policy renewal for a bike without any breaks will fetch No-Claim Bonus to the policyholder; however, it applies only when there are no claims reported in the previous policy.
Why Should You Renew Bike Insurance Policy on Time?
You should get your two-wheeler insurance renewal done on time for several reasons such as:
Mandatory by Law
Having at least an active and valid third-party bike insurance policy is mandatory by law, as riding without valid insurance can result in hefty penalty.
Continuous Coverage
Timely renewal of bike insurance policy ensures that your two-wheeler remains protected against accidents, theft, and other unforeseen events at all times.
Financial Security
Having active bike insurance helps cover repair costs and medical expenses, reducing your financial burden in case of an accident.
Avoiding Higher Premiums
A policy lapse can lead to higher premiums when you renew, as insurers may view you as a higher risk.
No Claim Bonus (NCB)
Renewing on time also helps you retain your NCB, which can significantly reduce your premium costs.
Why Doing Bike Insurance Renewal Online is a Better Idea?
Renewing bike insurance online makes it even more hassle-free and quick. Here's why:
Saves Time
Online is an easy option to browse and compare. It is convenient and easy to choose from. In other words, you are saving time.
Lower Premiums
Choosing an insurance policy online will be a low-cost affair. It is because the insurers save money spent on the distribution channel and other heads.
Hassle-Free Service
Online mode is free from agents or brokers. You have direct contact with the insurers. Hence, you get zero hassle and absolute transparency when buying online policies.
Things to Consider Before Renewing a Bike Insurance Policy
Making considerations before renewing a bike insurance policy is no different than thinking twice before buying anything, especially when it is for long-term use. Similarly, here are a few things you need to consider before renewing your bike insurance policy:
- Scope of Cover Under the Existing Policy: Does the existing insurance cover provide you the widest cover possible? Think and know more about it from your insurance company.
- Which Insurer is the Best: A lot before the date of the renewal, the bike owner should identify all the insurers that exist in the market. Explore the quality of services both at the time of purchase and at the time of claim. Remember, it is to be done before the policy expires, not after.
- Which Insurance Cover is the Best: Out of the two types of motor policies - Comprehensive bike insurance or Third-Party Liability. You should know which one will serve your purpose. After that, compare the premium rates, deductibles, and other similar factors. Also, look for which insurer cost-effectively offers the add-on coverages.
- Any Add-On Cover: Know well in advance whether you want to enhance the cover with some add-ons or not? You can go with a personal accident cover, engine and gearbox protection, return to invoice cover, and others.
Options Available for Two-Wheeler Insurance Renewal
Why Choose Digit for Bike Insurance Renewal?
Your bike insurance renewal not only comes with a super easy claim process, but also with the option to choose a cashless settlement
Cashless Repairs
9000+ Cashless Network Garages for you to choose from across India
Smartphone-Enabled Self Inspection
Quick and paperless claims through Smartphone enabled processes that make you go "That's it?"
Super-Fast Claims
Quick and hassle-free claim process that's digital and paperless
Customize Your Vehicle IDV
With us, you can customize your vehicle IDV as per your choice!
24*7 Support
24*7 call facility even on National Holidays
Complimentary Wellness Benefits
Get exclusive wellness benefits on the Digit App offered by top-rated health and wellness partners.
Key Features of Digit's Two-Wheeler Insurance
What are the Types of Two-Wheeler Insurance Policies?
Third-Party
Comprehensive
Own Damage
Third Party
Comprehensive
Own Damage
|
Damages/Losses to own two-wheeler due to an accident |
×
|
✔
|
✔
|
|
Damages/Losses to own two-wheeler in case of fire |
×
|
✔
|
✔
|
|
Damages/Losses to own two-wheeler in case of a natural calamity |
×
|
✔
|
✔
|
|
Damages to Third-Party Vehicle |
✔
|
✔
|
×
|
|
Damages to Third-Party Property |
✔
|
✔
|
×
|
|
Personal Accident Cover |
✔
|
✔
|
×
|
|
Injuries/Death of a Third-Party Person |
✔
|
✔
|
×
|
|
Theft of your scooter or bike |
×
|
✔
|
✔
|
|
Customize your IDV |
×
|
✔
|
✔
|
|
Extra protection with customized add-ons |
×
|
✔
|
✔
|
Know more about the difference between comprehensive and third party two wheeler insurance
How to Renew Two-Wheeler Insurance with Digit?
Enter Bike Details
On the Digit App or website, enter your bike’s registration number and click on view prices.
Choose a Plan
Select the type of bike insurance plan and choose desired add-ons.
Enter Personal Details
Enter your personal, nominee and vehicle details, 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.
FAQs about Bike Insurance Renewal Online
Content Writer
Storyteller at heart, Manasvi brings 4 years of content and marketing experience to Digit. Whether it's writing SEO-optimised articles or a researched and insightful blog, she strives to transform ideas into creating impactful and engaging content.
Product Head - Motor
Mayur specializes in motor insurance and is responsible for overseeing the development and management of motor insurance products. With expertise in product strategy and market analysis, he focuses on developing customer-centric insurance solutions.