Steps to change your bike insurance nominee


14 Jul 2023

How to Update Nominee Details in Bike Insurance Policy: A Step-by-Step Guide

A bike insurance nominee is a person designated by the policyholder to receive the claim or payout amount in the event that the policyholder dies. This nominee is also known as the beneficiary. When purchasing bike insurance coverage, a bike insurance policy nominee must be named & enlisted in the policy papers by the policyholder. Most often, people nominate their child, spouse, sibling, or parent.

There are two circumstances in which the nominee will be compensated:

  • A bike accident that resulted in the policyholder's death.

  • The policyholder files a claim but passes away before being compensated.

Now, for whatever reason, you could choose to alter the bike insurance policy nominee listed on your policy. For instance, after getting married, you could want to name your spouse as the policy's beneficiary. Therefore, you should be aware of how to modify the bike insurance nominee on an insurance policy. You must sometimes submit an application to the insurance company in order to change the nominee.

What is an endorsement in bike insurance?

A bike insurance plan's endorsement denotes any type of modification you want to make to your current coverage. It simply serves as a precise record of the changes you make to your bike insurance policy. It acts as evidence of the plan adjustments you have made. If you want to change the name of your nominee in your plan, you must ask your insurer to approve an endorsement at the midpoint of the policy year, at renewal time, or at the start of the policy year. To make the adjustments, you must be prepared with the necessary paperwork to present as proof.

How to update a bike insurance policy nominee?

It is simple to alter the name of the nominee in an insurance policy. To modify the name of the nominee, follow these steps:

  • Include the name of the new nominee in an application you send to your insurance provider asking for an endorsement.

  • Depending on the terms and conditions of the company, you can submit it via email or in person in their office.

  • All that is required in this situation is the new nominee's name, date of birth, and relationship to the policyholder; no supporting documentation is required.

  • The insurance provider will approve the endorsement within ten days of the requested date.

Common errors made during policy nomination

It may be difficult for the bike insurance nominee to request compensation if there is any error in the insurance nomination. The mistakes listed below are those that you should steer clear of.

  • Leaving out or not updating nominee details - Make sure the nominee's information is always up to date. Don't forget to update the information when you acquire a new policy or renew an existing one.

  • Incorrect nominee details - Remember that the name you provide for the nominee is accurate and resembles the one on their address and identification cards when inputting their information. The claim may even be rejected because of incorrect spelling or relationship information.

  • Notify the nominee - Be careful to let the candidate know they have been nominated since a nominee who is not aware will not be able to collect the compensation.


Given that the nominee would get the compensation amount, it is important to choose the appropriate individual. In the event that you omit the bike insurance policy nominee's name, the legal successor receives the compensation sum.

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.