Team AckoJun 11, 2021
All two-wheeler owners must insure their bike with the Third-Party Liability policy as mandated by the Motor Vehicle Act, 1988. This ensures you are covered financially in case of an accident wherein the third-party is affected. Or, you could take advantage of the comprehensive bike insurance policy which covers Own Damage (OD) along with the third-party cover.
Your bike insurance policy is a legal and important document which lists the terms and conditions of the contract between you and the insurance company. In case of a claim, the insurance policy is one of the documents that are required to be submitted.
If a situation arises wherein you need to raise a claim, but you realise that the physical insurance policy document is missing or lost, all is not lost. You can obtain a duplicate copy of bike insurance by following the below steps including both offline and online process.
Let’s look at both the traditional and new-age insurance companies’ procedure for lost two-wheeler insurance papers.
The procedure to obtain a duplicate bike insurance policy document is not difficult, especially if you have purchased a two-wheeler insurance policy from an online insurance company. Getting a copy of your bike insurance policy is also essential even if it’s partially destroyed.
To get a duplicate copy of bike insurance through the traditional method, below are the steps to be followed.
1) Inform Your Insurance Company:
Informing your insurance company should be the first step by either calling them on their toll-free number, or you could write an email informing them of the same. You must let your insurer know about the loss of your policy document so that they can begin the process of issuing a duplicate bike insurance policy.
2) File a First Information Report (FIR):
File an FIR upon realising that your bike insurance document is lost or untraceable. Once you receive a copy of the FIR, submit it to the insurance company along with a written application.
3) Advertise in Newspapers:
Place an advertisement in the state newspaper as the circulation of it covers the State in which you lost your bike insurance document. Please note that you’ll have to bear the cost of the advertisement.
4) Write an Application to Your Insurance Provider:
Apart from informing your insurance company by calling them, you need to write an application for the duplicate bike insurance document. Mention details such as policy number, your name, type of coverage, etc. Along with the written application, submit the FIR with information about how your policy document was lost.
5) Sign an Indemnity Bond:
The last step is to sign an indemnity bond to obtain the duplicate bike insurance document. The indemnity bond needs to be acknowledged by a notary and ensure that the bond has your full name and signature of two witnesses. Along with the written application and the FIR, submit the indemnity bond as well.
If you have purchased a two-wheeler insurance policy through an online insurance company, the steps to get duplicate bike insurance is simpler and easier to obtain. Below are the steps to get duplicate bike insurance online:
1) Visit your insurance provider’s online portal or website.
2) Select the type of policy from the list.
3) Enter the policy details such as policy number, etc.
4) You may be asked to verify your profile.
5) Upon completion of the verification, you can now view, print or download your bike insurance policy online.
Also, an online insurance company will send you a soft copy of your two-wheeler insurance policy document to your registered email ID when you initially buy it. This can be used to carry while your commuting on your bike or to register a claim.
New-age digital insurance companies have made the traditional and cumbersome process of obtaining a physical insurance document easier and less time-consuming. Digital insurance companies are promoting paperless transactions through which process like getting a duplicate bike insurance document is simpler and accessible anytime.
By choosing online bike insurance, you save time and can access your policy document anytime. To apply for new bike insurance through an online insurer, you can either visit their website or download their mobile app. The entire process is user-friendly by including simple details such as the make of your bike, model, etc.
Upon entering these details, you will see the premium amount and the Insured Declared Value (IDV). Also, you can choose either a Comprehensive policy, which includes both third-party and Own Damage (OD), or you could opt for the mandatory third-party cover. After choosing your preferred insurance cover, you can pay the premium online, making it a hassle-free experience.
While riding your bike, it’s mandatory to carry the third-party insurance document as it’s illegal if you are found riding without an insurance policy. Hence, if your document is lost, waste no time in getting the duplicate copy of bike insurance.
To keep your document safe, use mobile apps such as DigiLocker or mParivahan to store a digital copy of your bike insurance policy along with other documents such as registration certificate and driving license.
Here are some of the frequently asked questions about a bike insurance policy:
How do I find my bike insurance policy number?
If you have bought your bike insurance online, log into your account either through the insurance company’s website or mobile app and you can view the policy number. However, if you have purchased the policy with a traditional insurance provider, you have to call their customer care or visit their nearest branch to get the details.
What are the advantages of buying a bike insurance policy online?
Paper-based transactions and entering details on long forms are a thing of the past. With the advent of smartphones, you can experience paperless transactions, view options online and pay the premium online as well. Also, you can renew and download the policy document anytime. The claim procedure is a lot more efficient compared to conventional or traditional insurance companies.
I have lost my bike insurance policy. Can I get a duplicate one?
Yes, you can get a duplicate bike insurance policy document. If you have chosen an online insurance provider, log into your account where you can view, download and take a printout of the policy. However, if you have opted through a traditional insurance company, you’ll have to visit their nearest branch to procure the same.
What documents are required to be carried while riding a two-wheeler?
While commuting on your two-wheeler, you need to carry your driving license, registration certificate, insurance policy document and the Pollution Under Control (PUC) certificate. You also have the option to use mobile apps such as DigiLocker and mParivahan to store documents digitally.
Can I raise a claim if my bike meets with an accident during the grace period?
No, you cannot register a claim during the grace period as the insurance policy is considered lapsed.
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