10 Amazing Benefits of Dry Dates (Chuara) in Daily Life | PayBima
3014
3 min read
Updated on Aug 03, 2023
Driving without a valid motor insurance policy is as serious an offence as driving without a valid driving license. That is why, having a continued insurance cover on your vehicle is essential. In case of cars, the car insurance policy is issued for one year after which it should be renewed. However, in case of bikes, the two-wheeler insurance policy is, nowadays, issued for 1-3 years. Even in case of a long-term policy, the policy comes up for renewal after the stipulated tenure is over. Do you know how the policy can be renewed?
There are two instances of renewing your motor insurance policy. One is renewal of a policy which is nearing the expiry date and the other is renewal of a policy which has already expired. In the former case when your policy has not expired, you can easily renew it online. You can visit any online platform (insurance aggregators, online brokers or websites of insurance companies) and get your policy renewed by filling in your vehicle details and paying the premium online. However, if your policy has expired, renewing it has some conditions involved.
Also Read: Purchasing Bike Insurance Policy Online vs. Offline Myths
After your policy is past its expiration date, renewing it involves inspection of your vehicle. Before your policy is renewed, you have to approach an insurance company for renewal. The insurance company would then arrange for an inspection of your vehicle. A surveyor of the insurance company would come and inspect your vehicle and submit his inspection report. After the insurance company scrutinizes the report, the policyholder would be allowed to renew his policy. The renewal can then be done online by paying the required premium through digital modes.
Since a valid insurance cover is mandatory on all vehicles, get your policy renewed before its expiry so that you don’t have to undergo the inspection of your vehicle. However, if your policy has expired, online renewals can be done but only after inspection of the vehicle. Get your policy renewed immediately to avoid violations of the law and also for safeguarding your NCB discounts.
Also Read: Check Vehicle Owner Details By Registration Number
Choose wisely!
Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit PayBima to Buy Insurance Online.
PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
With digitization taking over everything, the process of buying new four-wheeler insurance in India has become a convenient and effortless task. Online buying allows the.
Depreciation is the silent financial predator that eats up the value of your car over a period of time. It not only deteriorates the vehicle.
We know that third-party car insurance is mandatory, and without this cover, you cannot drive vehicles in India. But, even with a third-party cover can.
If you are a four-wheeler owner, buying car insurance is not just a legal obligation but also necessary for your peace of mind. In the.
Everything you need to know about car inspection as part of the insurance claim process. A car is one of your most valuable assets and.
Pollution is a huge threat that has been contributing severely to the deteriorating health of people in India. A major contributor of the increased air.
Airbags are among the significant safety innovations of the recent time as they provide vital cushioning to people sitting in a vehicle during a crash..
For keeping the environment clean and pollution free, people have now started using Electric Vehicles in India widely. Let us understand in this post how.
A car insurance policy number is a basic requirement during accidents, mishaps or at regular traffic police checking. Let us understand how to get an.
Accidents and uncertainties are part of life that comes unexpectedly without any prior information. Hence, it is very important to have a first aid kit.
Speak to our advisor
Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2023 Mahindra Insurance Brokers. All Right Reserved.
Verify your number to activate your best premium offer
Please enter the OTP sent to XXXXXX 4099 to continue