The two-wheeler insurance sector in India is regulated by the Insurance and Regulatory Development Authority of India (IRDAI). Two-wheeler insurance provides financial assistance against damage, loss, theft of your two-wheeler as well as covers the damages caused to a third party by the insured vehicle. As per the Motor Vehicles Act, 1988, it is mandatory for two-wheeler owners to get their two-wheeler insured before riding it on Indian roads. With online insurance providers, you can easily purchase bike insurance by following the online application process. Moreover, you can also renew your bike insurance policy on the web portal of the insurer under the relevant section.
By using the registration number of your vehicle, you can know the status of your bike insurance. The registration number of your bike is a unique identification number that can be used to check the details of your two-wheeler.
If you wish to know your policy due date through the registration number of your vehicle, you can visit the official website of the Government of India – Ministry of Road Transport and Highways. Then enter your registration number to verify the status of your bike insurance policy. You will be able to know the validity and the expiry date of your bike insurance policy. Additionally, you can also receive all the details of your bike like engine number, model, year of registration, registration city, etc. through your two-wheeler’s registration number.
While purchasing a bike insurance policy online, you are required to input the registration number of your vehicle. On buying the policy, the details of your policy get linked to your registration number and can be easily accessed by the RTO, state or central government.
How to renew a policy using the registration number?
The registration number of your bike can also be utilized to renew your bike insurance policy. Since the policy gets linked to your registration number, you can easily track your policy details using the number and renew it on time.
With the help of the following data, you can renew your existing policies, just before the expiration of the policy term:
- Registration number of the two-wheeler
- Manufacturing Year
- Registration City
- Make and model of the vehicle
- Status of your previous policy (Active/non-active)
- Mobile number
- No claim bonus
- Net-Banking details to pay for the policy
By renewing your two-wheeler insurance policy on time, you can avail discounts, such as No Claim Bonus (NCB). Moreover, having valid two-wheeler insurance will ensure that you are free from any third-party liability that may arise in the case of an accident.
Now that you are well aware of the importance of having a valid two-wheeler insurance policy, make sure to renew your bike insurance timely to safeguard yourself from the liabilities that may arise in case of an unfortunate event. With leading insurance providers, you can avail bike insurance online through a hassle-free process. Comparing various bike insurance policies offered by different insurance providers will help you choose a two-wheeler insurance that best suits your needs.