Two-Wheeler Insurance Online Renewal Guide: Save Up to 60% with No-Claim Bonus (NCB)

Over 60% of motorcycles and scooters on Indian roads are currently running on expired insurance, leaving riders vulnerable to heavy traffic fines (₹2,000 for first offence, ₹4,000 for repeat offences) and unlimited financial liability in accidents. Renewing bike insurance online has never been easier or more cost-effective. Here is how BimaSpot protects two-wheeler riders with the lowest verified premiums.

1. What Happens If Your Bike Policy Has Expired?

If your two-wheeler insurance policy has lapsed, you do not need to worry about complex physical inspection if renewed within 90 days of expiry. Furthermore, your accumulated No-Claim Bonus (NCB) remains valid for up to 90 days after expiration. After 90 days, your accumulated NCB drops to zero. BimaSpot allows instant online renewal without bike inspection across all partner insurers.

2. The Supreme Court 5-Year Mandate & Legal Penalties

Under the Motor Vehicles (Amendment) Act and Supreme Court directives, every newly purchased two-wheeler must carry a mandatory 5-year third-party liability coverage. For older motorcycles and scooters, maintaining continuous third-party coverage is non-negotiable. Riding without valid bike insurance in India attracts a fine of ₹2,000 for the first offence and ₹4,000 or imprisonment up to 3 months for repeat violations. Furthermore, in an accident involving third-party bodily injury, the Motor Accident Claims Tribunal (MACT) can order compensation running into tens of lakhs, which the uninsured owner must pay out of pocket.

3. How to Retain and Transfer Your No-Claim Bonus (NCB)

Remember that the No-Claim Bonus belongs to you, the individual rider, and not to the bike itself. If you sell your old motorcycle to purchase a new bike, you can obtain an NCB Reserving Certificate from your existing insurer. When purchasing your new policy on BimaSpot, simply upload this certificate to transfer up to a 50% discount directly to your new bike's Own Damage premium, saving thousands on day one!