You should be well aware of the importance of your vehicle’s insurance validity. As you know, every insurance policy has a validity date. That date is the deadline for the insurance policy. It has a fixed date, and before the expiration of that date, you should renew the insurance policy. That’s why you should be well aware of the validity of your vehicle’s insurance policy.
Two-wheeler insurance focuses on the protection and coverage of motorcycles. The insurance provides coverage for repair costs if your bike is damaged in an accident. It not only provides financial security against accidents but also helps financially against calamities such as thefts, natural disasters, vandalism, and so on. It also covers third-party liabilities.
Read: What is IDV in bike insurance?
Importance of Insurance Validity
It is unlawful to ride a motorcycle without insurance; therefore, you must obtain it before you can take it out on the road. It is not only sufficient to purchase a policy but two-wheeler policies must be renewed on time to remain valid. Each insurance policy has an expiration date. When an insurance policy expires, it must be renewed. It is consequently critical to be informed of the policy’s expiry date to avoid the missing renewal deadline. Expiration dates can be found simply online.
Policies for two-wheelers normally last one to three years, or up to five years if they are long-term policies. Bike insurance that has expired may result in claim denial and sanctions. If you’ve misplaced your policy’s expiration date, you can quickly verify bike insurance validity online. As a result, you must renew your bike insurance before it expires. The expiration date can be located in your policy paper.
Having legitimate bike insurance is more than just a legal obligation; it’s a financial barrier that protects you from unexpected events like accidents, thefts, and natural or man-made disasters. Here are some of the reasons why you should be aware of the validity of your bike insurance:
- Legal Compliance: Regulatory Requirements: It is prohibited to drive without valid insurance. An expired policy implies you’re breaking the law, which could result in penalties or fines.
- Financial Security: Damage Protection: A legitimate insurance policy ensures that you are protected in the event of damage to your bike or third-party property.
- Medical bills: It can cover medical bills in the event of an accident, freeing you from unexpected financial problems.
- Third-Party Liability: Legal Obligations: A valid policy covers legal obligations in the event of third-party damages or injuries.
- No Gap in Protection: Being aware of the expiry guarantees that there is no gap in coverage, keeping protections ongoing.
- No-Claim Bonus: Being aware of the No-Claim Bonus ensures that you don’t miss out on the discount that builds for each claim-free year.
- Peace of Mind: Prepared for Unexpected Events Knowing that your insurance is valid gives you peace of mind, guaranteeing that you are always ready for unexpected disasters.
- Avoid Policy Lapses: Avoid Additional Charges: Being alert aids in preventing the policy from lapsing, avoiding additional charges, and avoiding the inspection and paperwork process again.
- Timely Renewal: Timely Renewal: Knowing the validity ensures that renewals are scheduled and implemented on time, keeping the policy active.
- Planning for Comparison and Better Choices: It provides time for evaluating various plans and selecting a better or more cost-effective alternative upon renewal.
While two-wheeler insurance policies are definitely important legal documents, owners sometimes misplace them. If you ever find yourself in such a situation, you could know the validity of your two-wheeler policy online.
How to Check Bike Insurance Validity Online?
All the policy details are mentioned in the insurance documents, including the expiration date. You no longer need to keep the physical policy paper, nor do you need to contact your insurer to find out when your bike insurance needs to be updated or renewed. You can do all this online. It is a good thing that the advancement of digital technology has made it easier. Nowadays, you may readily find it via online channels such as a website or a smartphone app. To check the bike insurance expiration date online, all you need is a smartphone or computer.
There are three major methods for checking the expiration date online.
- Examine the expiration date using the Insurance Information Bureau: The Insurance Information Bureau’s (IIB) website contains all policy-related information. Follow the procedures below to view the expiration date on this website in no time.
- Visit the IIB’s web portal.
- On the portal’ home page you will find Quick Links section. Click on ‘V Seva’ link. When you click on this link, it will show a form.
- Fill up all the necessary information in that form.
- Then you will be sent a captcha code, you will be asked to enter that code. Then you should press the ‘Submit’ button.
- You can also view the insurance data on the Insurance Information Bureau by following these two simple steps:
- Visit the IIB website.
- Fill out the query form. An executive will contact you at the number you provided and assist you.
- The page will display your policy information, where you may spot the expiration date.
The website contains information on insurance policies purchased after April 1, 2020. Prior to that date, any policies purchased were not recorded on the website. You can only access the information three times with the same mobile number and email address.
- Examine the expiration date using VAHAN: On the VAHAN website, the Road and Transport Ministry keeps track of all insurance plans. As a result, you can check the expiration date of your insurance on this page. To view the expiry date, follow these steps:
- Visit the website for the VAHAN e-service.
- Select ‘Know Your Details’ from the navigation tab.
- Enter your car number and the verification code on the next page.
- Select ‘Search Vehicle’.
- The policy information will then be displayed on the screen.
- The expiration date can be seen in the ‘Insurance Up-to’ column.
- Check with your insurance company about the expiration date: Your insurance company keeps records of your insurance policies. You can inquire about the expiration date by visiting your insurer’s official website. The steps for seeing the policy details may differ from one insurer to the next. However, most of the websites only allow you to view the details by inputting your bike’s registration number. A policy paper contains all of the policy’s specifics, including its validity. After entering your vehicle’s registration number, you can know the insurance validity date.
- Through email: When you get bike insurance from an insurer, you will receive an electronic copy of your insurance policy at your email address. Instead of regularly monitoring your policy’s expiration date, you might just save your insurance paperwork in your inbox. You can easily see the validity of the insurance on your mobile or laptop.
Conclusion
The validity of bike insurance should be constantly checked. Regular checks, reminders, and automated renewals are all ways to ensure that your bike insurance is always valid and that you are always covered. The security that you have from proper insurance allows you to ride with confidence. With valid insurance, you can be confident that you are protected against unforeseen events. You are not required to carry your policy documents with you at all times. You can check online for all the details in a few minutes and get the insurance validity within a few minutes.
