Porting your bike insurance policy: What you need to know


22 Nov 2023

Unveiling the Basics: Bike Insurance Portability Demystified

Owning a bike is a dream come true. The freedom of the open road, the wind in your hair, and the thrill of riding make it a cherished experience. While it is a symbol of independence and adventure, it also comes with the responsibility of following traffic rules and having the right kind of bike insurance policy. Just like a car insurance policy, bike insurance also offers comprehensive coverage to fight against the odds of mishaps. But if you are not very happy with your existing policy, maybe it is time to switch to Kotak bike insurance. Let us discuss all about "what is insurance portability".

What is insurance portability?

Bike insurance portability refers to changing your existing bike insurance provider. The switch to a new company for a similar or better insurance policy is called insurance portability.

Reasons for porting bike insurance policy

There are several reasons why people may want to port their bike insurance, such as:

  1. When you change vehicle

A bike insurance policy is specific to a bike. Hence, when you purchase a new vehicle, you also have to purchase a new bike insurance plan. For this, you may port the existing bike insurance plan in the name and ownership of the new bike.

  1. Your changing preferences

Sometimes, your existing bike insurance may seem insufficient. In such a case, you may port the plan. For instance, third-party insurance is the minimum legal formality. However, it only covers third-party losses. In case you now wish to have comprehensive coverage, you may switch to a comprehensive bike plan.

  1. Change of ownership of the vehicle

If you are selling your bike to someone, bike insurance ownership also has to be changed. Both parties have to complete the formalities of transferring the ownership of the bike insurance plan.

Things to keep in mind while porting a bike insurance policy

Here are a few things that you must know before you plan to switch your bike insurance plan:

  1. No claim bonus (NCB)

Like car insurance portability, when you port a bike insurance plan, the NCB remains intact (except if the policy remains expired for 90 days).

  1. Best time to port

Depending on your needs and preferences, you may port a bike insurance policy anytime, even during the ongoing tenure of the plan. However, the best recommended time to port an insurance plan is at the time of renewal.

  1. Choose add-ons wisely

Add-ons are the additional coverage you purchase. Some add-ons may sound very interesting. However, you need to analyse if you really need these add-ons since they also increase your premium.

  1. Insured Declared Value

Wisely decide the IDV (Insured Declared Value). It is the value of your vehicle that you get in case your bike suffers irreparable loss or gets stolen. Make sure the IDV is sufficient.

  1. Read policy papers carefully

Policy documents contain all the details of the coverage provided, premium rate, etc. so, make sure to read it carefully without skipping any page before you sign it.


Preferences for bike insurance plans may keep changing with time. Hence, porting the existing bike insurance can be a great idea. As per your preferences, you may change the plan or the insurer to Kotak general insurance as well.

Related blogs

How to Change Your Two Wheeler Insurance Online

Know Why Bike Insurance is More Expensive Than Car Insurance

All you should know about bike insurance policy after the death of the policyholder

Team Kotak GIC

The content of this blog has been created and carefully reviewed by the esteemed team at Kotak General Insurance, with the sole purpose of providing valuable guidance and sharing insights on the importance of general insurance. Our objective is to assist users in making informed decisions when purchasing or renewing insurance policies for their cars, bikes, and health. Our expertly curated information aims to empower our readers with the knowledge they need to protect their valuable assets and financial interests.