Renewing your two-wheeler insurance doesn’t need to be complicated or time-consuming, especially with the ease and reliability offered by New India Assurance bike insurance renewal through Quickinsure. Whether your policy is nearing expiry or has already lapsed, ensuring uninterrupted coverage is crucial not just for compliance with legal mandates but also for the financial protection of your vehicle. This article guides you through the importance of renewal, the process, benefits, and how Quickinsure simplifies it all.
Why Timely Bike Insurance Renewal is Crucial
Timely bike insurance renewal is not just about avoiding penalties; it’s about ensuring your financial safety on the road. Here’s why renewing your two-wheeler policy on time is a smart decision:
- Legal Compliance: As per the Motor Vehicles Act, riding an uninsured vehicle is a punishable offence.
- Continued Coverage: Avoid breaks in policy coverage that could leave you financially vulnerable in case of an accident or theft.
- No Claim Bonus (NCB): Delay in renewal beyond 90 days of expiry can lead to loss of accumulated NCB benefits.
- Peace of Mind: Knowing your vehicle is protected against unforeseen events offers immense mental relief.
About New India Assurance Two-Wheeler Insurance
New India Assurance is a government-owned general insurance company with a legacy of trust and a wide customer base across India. Their two-wheeler insurance policies offer:
- Comprehensive and third-party coverage options
- Add-ons like personal accident cover, zero depreciation, and engine protection
- Fast and efficient claim settlement
- A network of partner garages for cashless servicing
The renewal process is designed to be seamless, especially when done through trusted digital aggregators like Quickinsure.
When Should You Renew Your Bike Insurance?
Ideally, you should renew your bike insurance policy before it expires. However, if your policy has already lapsed, you should renew it at the earliest to avoid legal and financial complications. Here's a general timeline to follow:
- 30 days before expiry: The best time to begin renewal proceedings.
- Within 90 days after expiry: Renewal is still possible, but you risk losing NCB.
- After 90 days: The policy is considered lapsed, and you may need to purchase a new policy and undergo vehicle inspection.
Steps for New India Assurance Bike Insurance Renewal on Quickinsure
Quickinsure offers a simplified and hassle-free process for renewing your New India Assurance bike insurance. Follow these easy steps:
1. Visit the Quickinsure Website
Head to the Quickinsure platform and navigate to the two-wheeler insurance section.
2. Enter Your Vehicle Details
Input your bike’s registration number and other necessary information such as make, model, and policy expiry date.
3. Compare Plans
You can view and compare different policy options and add-ons to select what suits you best.
4. Select New India Assurance Policy
Choose New India Assurance from the list of available insurers and customize your coverage.
5. Make Payment
Proceed to make the payment through secure online channels. You will receive your policy document instantly via email.
Benefits of Renewing New India Assurance Bike Insurance via Quickinsure
Choosing Quickinsure for your bike insurance renewal brings several advantages:
Instant Policy Issuance
You receive your renewed policy document immediately upon payment, eliminating delays.
User-Friendly Interface
The platform is intuitive, requiring minimal steps to complete the renewal process.
Transparent Comparisons
Quickinsure allows you to compare premiums, features, and add-ons from multiple insurers, including New India Assurance.
Expert Assistance
Quickinsure offers customer support to help you at every stage of the renewal process.
Check Policy Details Easily
You can also check bike insurance status online directly through the platform to ensure everything is in order.
Documents Required for Bike Insurance Renewal
While Quickinsure makes the process paperless and smooth, you may need the following information handy:
- Previous policy details
- Registration Certificate (RC) of your bike
- Engine and chassis number
- Vehicle inspection report (if required in case of lapse)
Add-On Covers Worth Considering During Renewal
When renewing your policy, consider opting for useful add-ons that offer enhanced protection:
- Zero Depreciation Cover: Ensures full claim without depreciation deduction on parts.
- Personal Accident Cover: Covers the owner-driver for accidental injuries or death.
- Roadside Assistance: Helps in emergency situations like breakdowns or fuel shortages.
- Engine Protection: Useful for bikes in flood-prone or high-use areas.
Common Mistakes to Avoid During Bike Insurance Renewal
- Waiting till expiry: Always renew before your policy expires to avoid stress and penalties.
- Ignoring policy coverage: Don’t just look at premiums; check what’s included in the policy.
- Skipping NCB transfer: Ensure your no-claim bonus is transferred if you're switching providers.
- Not comparing plans: Use Quickinsure to compare policies even if you're sticking with New India Assurance.
What Happens If You Miss the Renewal Deadline?
If your insurance policy lapses, you face several complications:
- Legal Risks: You may be fined for riding without valid insurance.
- Financial Exposure: You’ll bear the full cost in case of an accident.
- Loss of NCB: Delaying renewal for over 90 days leads to forfeiture of accrued NCB.
- Vehicle Inspection: You may be required to get your vehicle inspected before reinsurance is granted.
Quickinsure helps mitigate these issues by reminding users in advance and simplifying post-lapse renewals.
Final Thoughts
Renewing your two-wheeler insurance with New India Assurance through Quickinsure is not just easy—it’s a smart and responsible choice. With a few clicks, you ensure the legal compliance, financial security, and peace of mind that every bike owner deserves. Whether your policy is about to expire or has already lapsed, now is the best time to renew it through a trusted partner.