The importance of timely bike insurance renewal


22 Nov 2023

Renew with Confidence: Why Timely Bike Insurance Renewal Matters

Buying bike insurance is not just a legal mandate. The benefits that come along are plenty. However, only buying two-wheeler insurance is not enough. Timely bike insurance renewal is paramount for every motorcycle owner. It ensures continuous coverage and safeguards against unexpected events on the road. Let us see how:

  1. It is mandated by law
    Third-party liability two-wheeler insurance is mandatory for all motorised two-wheelers as per the Motor Vehicle Act, 1988. It can not only ensure your freedom from third-party liabilities in the event of an accident but also save you from shouldering penalties and even imprisonment. An expired/ invalid insurance policy can be extremely troublesome for you.

  2. Protects you from inevitable damages
    Despite being a careful rider, you need to understand that bike insurance comes into play even if the damages have been caused by natural or man-made disasters.

  3. Motorcycle insurance renewal guards your NCB
    Missing your insurance expiry date can put your hard-earned NCB, no claim bonus, at risk. If you do not renew the policy within 90 days of policy expiry, you will lose all/ any NCB that you may have accrued over the past. This can greatly impact the premium money that you have to spend.

  4. You can ride with confidence
    Knowing that you are abiding by the law can help you ride your bike confidently. Also, when you know that you have the support of your insurance policy, even if things go wrong, it can offer you the required peace of mind.

Worried about missing the insurance expiry date? Here’s what you can do

If you are concerned that you will miss renewing your Kotak bike insurance, there are some simple things that you can try doing.

  1. Use your phone/ digital calendar to mark the insurance expiry date.

  2. Don’t leave the renewal for the last minute. Try renewing the policy before the coverage ends.

  3. You can go for a multi-year policy. This way, you’ll not only be able to get a discount on the premium but also save yourself from the hassle of annual renewal.

Your bike insurance has lapsed? Here’s what you need to do

So, you missed renewing the policy before the insurance expiry date? Fret not. Your insurance company will typically allow you a grace period to renew the policy without losing out on the benefits. Generally, the grace period is 30 days. However, in order to renew an expired two-wheeler insurance plan, you will first have to get your bike surveyed. You can get in touch with customer care to inform them about the policy lapse. They will arrange an appointment with the surveyor, who will examine your bike and approve the renewal post-verification.


Your Kotak bike insurance plan provides a safety net in difficult circumstances, covering repair costs and/ or compensating for loss. Timely motorcycle insurance renewal helps you avoid lapses in coverage. It is a responsible and cost-effective approach to protect yourself and your two-wheeler that can guarantee that you ride with confidence.

Related blogs

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Two wheelers in India traffic rules you need to know

Acquiring a digital copy of your motor bike insurance: Is it legitimate?

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.