Last Updated on March 23, 2023 by hassan abbas
In India, insurance providers offer two types of two-wheeler insurance policies: third-party two-wheeler insurance and comprehensive two-wheeler insurance. Regardless of the type, your two-wheeler insurance renewal policy on time will provide you with numerous benefits and save you money. You can also get added protection by renewing it on time. You can also easily process your Acko bike insurance renewal online without any hassle. Here is an in-depth guide that would help you with the renewal process. Keep reading to know more.
Listed below are the popular three methods for renewing your bike insurance policy:
1. Directly through insurance companies
One of the most convenient ways for your two wheeler insurance renewal policy is through a motor insurance company. You can visit their nearest branch or call their customer service department. To renew your two-wheeler insurance policy, complete the renewal form and return it to the branch office.
2. Through an insurance agent
Another way to renew your policy will be through your insurance agent. If you purchased the policy through an agent, you could ask him or her to renew it. The paperwork will be completed by the agent and submitted to the insurance company on your behalf. After completing the necessary proceedings, he or she will hand over the renewed policy and charge a fee for the services provided. You need to be extra cautious when you are purchasing or doing your ACKO bike insurance renewal through an agent.
3. Renewing Two-wheeler Insurance Online
Online is the easiest and most convenient way for your two-wheeler insurance renewal policy. In this case, you will need an active internet connection as well as a smartphone, tablet, or laptop. To renew your policy, visit your insurance provider’s website or download their mobile app you will get all the details by just entering small details.
You must enter the necessary information about your current policy and vehicle. Then, pay online using UPI, net banking, a debit card, or a credit card. The policy papers will be delivered to your registered e-mail address once you have completed the payment.
How to renew your two-wheeler insurance policy online?
Renewal of a two-wheeler insurance policy online is simple and only takes a few steps.
- Visit the website of your insurance provider, for example, Acko bike insurance renewal. Search for the “Renew Existing Policy” option.
- Enter the policy number.
- You will get details of the Acko bike insurance renewal policy, including the available NCB (No Claim Bonus) if you’re eligible and add-on covers. You must select the required additions and NCB details.
- You will be given a policy quotation that includes the premium you must pay for the coming year.
- Complete the payment online (via internet banking, digital wallets, debit/credit cards).
- After your payment is processed, you will receive an email with the updated policy copy. Download it and keep a copy on your bike.
How to renew your two-wheeler insurance policy offline?
If you don’t feel comfortable paying online, you can also do the process offline. The steps to be taken are as follows:
- Visit the nearest branch of your insurer.
- Then provide the insurance officer with your policy number.
- The officer will give you the renewal application. Fill up the details, choose the required add-on covers, and check your NCB details.
- The officer will provide you with a premium quotation.
- You can finish the transaction by issuing a cheque/DD.
- Once your payment has been processed, the insurance company will send you the renewed policy via post/courier to your address.
- Keep a duplicate copy of your insurance policy on your bike at all times so you can show it if asked.
