Bajaj Bike insurance renewal guide by Finserv Markets

1. BIKE INSURANCE RENEWAL GUIDE Steps to Renew Your Bike Insurance Online If you own a bike, it is a must to have an insurance plan, which will cover you in case of accidents, damage, and third-party liabilities. Neither can you have any control over these expenses, nor can you cannot predict such situations. It is best to buy two-wheeler insurance to ensure that your vehicle is safe and so are your savings. An insurance plan is a contract between the insurance company and policyholder. In order to ensure that the contract does not lapse, you need to renew the insurance annually. The process of bike insurance renewal online is very simple and straightforward. Steps To Renew Your Bike Insurance Policy: Use a bike insurance calculator to take a bike insurance quote Enter all your personal two-wheeler details and easily renew your policy The process to renew bike insurance online Use a bike insurance calculator to take a bike insurance quote First and foremost, you can use the online bike insurance calculator to get an insurance quote. You will have to provide details about the bike and personal details to get an accurate quote for the insurance policy. The calculator is available online and is very simple to use. Enter all your personal two-wheeler details and easily renew your policy In the next step, you are required to provide all the personal and two-wheeler details to renew the policy quickly. You will have to provide the policy number, the date of renewal, and details of the two-wheeler you own. After this, you will be taken to the payment gateway where you will have to make an online payment. This will ensure that the policy is renewed instantly. Benefits of renewing your policy online One of the biggest benefits of renewal of two-wheeler insurance policy renewal online is the access to discounts and perks. A number of insurance companies offer concessions and perquisites to those policyholders who do an online renewal of their policy on time. In addition, online renewal will ensure that the policy is renewed immediately. You do not need to head to a branch or the office of the insurance company to make the payment. While you renew the policy online, you will be able to keep a check on the next date of policy renewal and keep the deadlines in mind to avoid any penalties or late fees. 1

2. With Finserv Markets, the process of bike insurance policy renewal is easy, convenient and hassle-free. You will be able to do it within minutes. Head over to our website to get more tips on how to renew bike insurance online and get a free bike insurance quote today! How to Renew Two Wheeler Insurance Easily? When you are out on the road, you are exposed to a number of risks such as accidents, theft and a lot of other things. Even a small lapse in your insurance coverage could lead to heavy losses. Therefore, when it comes to Two Wheeler Insurance, timely renewal is of utmost importance. A Two Wheeler Insurance Policy acts as a financial safety net and offers coverage against a wide range of risks not only to you but also to the third parties involved in the accident. Hence as a responsible rider, it is your duty to ensure that your Two Wheeler Insurance Policy is renewed on time. Moreover, riding with an expired policy is a punishable offence and can attract a hefty fine. Fortunately, thanks to the availability of online Two Wheeler Insurance, renewal has become a simple and quick process. If you want to renew your Two Wheeler Insurance Policy with us, here’s how to renew bike insurance online: – Visit our official website – Finserv Markets Two-Wheeler Insurance Enter your basic information and details like your bike’s registration number, its make, model etc. Choose the IDV as per your requirements and the premium payable will be displayed. Check all the details entered to ensure that everything is in order. Proceed to make the payment via debit/credit card or net banking as per your convenience. If you need any further assistance while renewing your Two-Wheeler Insurance Plan online, you can call our toll-free number – 1800-102-5858. Our executives will guide you through the entire policy renewal process as per your convenience. Important things to remember while renewing your Two Wheeler Insurance online: – Ensure that you renew your policy before it lapses. If you haven’t made any claim in the previous policy terms, avail the No Claim Bonus. 2

3. Re-assess your policy coverage at the time of renewal. You can opt for higher coverage or choose more Add-on Covers as per your needs. Adjust the IDV as per your requirements and proceed to pay the premium amount, which will be displayed on the screen. If you do not renew your two-wheeler insurance before the expiry date, then it is regarded as a break-in case. The inspection of your vehicle is not mandatory. But the policy period will start after 3 days of receiving the payment by the insurance company. Go through your policy details carefully and if you notice any discrepancies, the renewal process is the right time to set it right. For e.g., if you have moved to a new city, you will need to submit the required document proofs and get the correct information on your policy. If you haven’t renewed your two-wheeler insurance policy yet, then do it now on the Finserv Markets website! 5 Benefits of Timely Two-Wheeler Insurance Renewal While two-wheelers are the most convenient and widely used mode of transportation in India, one cannot deny the fact that two-wheelers are more susceptible to accidents and damage compared to cars and other four-wheelers. Which is why getting a comprehensive Two- Wheeler Insurance and renewing it on time is crucial. Here are the 5 benefits of timely Two- Wheeler Insurance renewal: – 1.Seamless Insurance Protection Failing to renew your Two-Wheeler Insurance on time will leave you vulnerable to financial losses in case of unfortunate events involving your bike. Renewing your Two-Wheeler Insurance policy on time will help you to stay protected against such unexpected losses. 2.No Break-in Policy Disadvantage If you don’t renew your Two-Wheeler Insurance before its expiry, it will be considered as a ‘break-in policy’ situation. In such a case, your insurance company might want to inspect your bike, which could also lead to an increase in your insurance premium. Bajaj Allianz Two- Wheeler insurance available on Finserv Markets offers renewals without inspection of your vehicle. 3.Keeping The NCB Active A No Claim Bonus (NCB) is an incremental discount offered by insurance companies at the time of insurance renewal. You can avail the NCB benefit if you haven’t raised any claim during your previous policy period. And if you fail to renew your Two-Wheeler Insurance before the grace period of 90 days after policy expiry, your NCB will be cancelled. 4.Right Time to Review your Coverage 3

4. Policy renewal is the best time to review your Two-Wheeler Insurance policy coverage. If you want to upgrade your policy by extending its coverage, renewal is the right time to do it. On the other hand, if you feel that your policy coverage is excessive, you can even cut back on your policy coverage at the time of policy renewal. Additionally, if you are not satisfied with your existing insurance provider, you can switch to a better insurance plan from another insurance provider at the time of policy renewal. 5.Be On the Right Side of the Law As you may already know, having an Insurance policy for your two-wheeler is mandatory by law in India. Hence, if you want to be on the right side of the law and avoid penalties, make sure to renew your Two-Wheeler Insurance on time. As you can see, timely Bike Insurance renewal online offers you several rewarding benefits, while skipping the renewal dates only offers trouble and losses. For a small premium, a Two- Wheeler Insurance or Bike Insurance policy offers financial protection against various risks such as death or permanent disability of the rider/owner, accidental damage to the bike and theft. So make sure to keep track of your policy renewal dates and renew it on time. With Bajaj Two- Wheeler Insurance, online renewal is a quick and hassle-free process. Buy Bajaj Two-Wheeler Insurance at Finserv Markers today to enjoy quick renewal and wider coverage! 4