Understanding Break-in Period in Bike Insurance Renewal

As a two-wheeler owner, you must have active bike insurance to avail legal and financial coverage against risks arising while driving on the roads. However, if you forget to renew your bike insurance policy on the due date, your policy becomes inactive. In such a case, insurance companies offer a specified period to revive your policy coverage, i.e., the break-in period. Do you want to know more about this insurance jargon? Read on!

Read more
  • Save up to 85% by comparing plans
    Save up to 85%# by comparing plans
  • 20+ Insurers to choose from
    20+ Insurers to choose from
  • 1.2 Crore+ Bike Insured
    1.2 Crore+ Bike Insured
Two Wheeler Top Fold Kapil Sharma Image
No paperwork required! Renew insurance in 60 seconds^

Plans starting at only @ ₹1.3/day*

Enter bike number (e.g DL1SB1234)
Processing

What is the Break-in Period in Bike Insurance Policy?

A bike break-in period is between the policy expiry and renewal dates. Let us understand this with the help of an example:

If your bike insurance was due for renewal on 30 April 2023, you forgot to renew on time. However, you renewed your bike insurance policy on 7 May 2023. In this case, the gap of 7 days between the policy renewal dates is called the break-in period.

Usually, the motor insurance companies in India offer a break-in period for relevant days. However, the break-in period in bike insurance might differ from insurer to insurer. Therefore, you must read policy wordings to understand the exact allowance offered by your bike insurance company.

Consequences of Not Renewing Your Two-wheeler Insurance in the Break-in Period

From legal troubles to financial obligations, you can face some severe problems when you do not renew your bike insurance even during a break-in period-

  1. Legal Troubles

    As per the Motor Vehicle Act of 1988, all motor vehicle owners must buy at least third-party liability insurance to ride their vehicles on Indian roads. This means it is illegal to drive your bike without any insurance. If your uninsured two-wheeler is involved in an accident and causes injury to a third party, then there are chances of legal hassles.

  2. No Financial Security

    The primary objective of any insurance policy is to offer financial security to the insured party against several unforeseen circumstances. You might face financial constraints if your uninsured two-wheeler is involved in an accident or gets stolen.

    During the break-in period, you do not have insurance coverage. Therefore, avoid riding your uninsured two-wheeler during the break-in period and renew it on time.

  3. Effect on No Claim Bonus (NCB)

    The break-in period in your motor insurance is the duration between the expiry date of the policy and the renewal date of the policy. During this period, you can enjoy the benefits of a No Claim Bonus (NCB) for 90 days of the policy expiry.

    In motor insurance, your insurer offers a No Claim Bonus (NCB) for not raising a single claim during the policy tenure. You can use this NCB discount while renewing your own damage cover. If your policy expires beyond 90 days, it becomes invalid, and you will lose the accumulated bonus (NCB). Moreover, you will have to buy a new policy for your vehicle.

You may also read Understanding Grace Period in Bike Insurance Renewal

Some Common Myths about Break-in in Bike Insurance Policy

While renewing your break-in insurance, there are some myths about it that usually customer face. It is crucial to debunk some common myths about it; hence, check the below to understand these:

Myths Facts
You cannot renew your bike insurance policy during the break-in period and may have to buy a new insurance plan. You can easily renew your bike insurance policy during the break-in period and continue the coverage with the same plan. However, if you do not renew the policy within 90 days from the expiry date, you will lose the No Claim Bonus (NCB) benefits.
You can raise claims during the break-in period. Since the insurance plan remains inactive during the break-in period, you are not eligible to raise claims.
You cannot enjoy the benefits of the NCB discount that you receive on the renewal of your own-damage premium. If you renew your policy within 90 days from the expiry date of the procedure, you can avail of the NCB discount benefits.

Pro Tip: You can easily renew your bike insurance policy during the break-in period. However, renewing it before expiry is recommended to ensure risk coverage while driving.

FAQs

Search
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Two Wheeler insurance articles

Recent Articles
Popular Articles
Best Engine Oil for Bikes in India 2024

18 Apr 2024

In the fast-paced world of biking, you must ensure your riding
Read more
How to Check Bike Owner Details by Registration Number?

11 Apr 2024

In a world full of different vehicles, every bike has its unique
Read more
How to Get a PUC Certificate for Your Bike?

04 Apr 2024

In India, having a valid Pollution Under Control (PUC)
Read more
11 Tips You Should Know in Case the Traffic Police Stops You

02 Apr 2024

Have you ever been stopped by a traffic police? Experiencing a
Read more
Helmet Rules in India: Everything You Need to Know

12 Mar 2024

In India, wearing a helmet is mandatory while riding any
Read more
Vehicle Owner Details by Registration Number
Vehicle owner details can come in handy in various situations, such as road accidents, cases of reckless driving
Read more
Three Easy Ways to Check Bike Insurance Expiry Date Online
As significant as it is to buy a bike insurance policy for your motorbike, it is equally important to renew it
Read more
Get Your Vehicle Fitness Certificate from RTO
The Fitness Certificate (FC) of a vehicle is an official document that certifies the vehicle is fit enough to run
Read more
How to Get Bike Insurance Details by Registration Number?
According to the IRDA, all bike owners must hold at least a third-party bike insurance policy in India. The bike
Read more
Parivahan Sewa & RTO: How to Check Your Bike Insurance Status Online?
As a two-wheeler owner in India, you must carry a valid bike insurance policy. Do you know with a few scrolls
Read more

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis