ICICI Lombard bike insurance renewal

Know the benefits of renewing your bike insurance policy with ICICI Lombard General Insurance. Check the ICICI Lombard Two-wheeler Insurance renewal process.
3 mins
02-August-2023

Having two-wheeler insurance is mandatory in India, and you need to renew your policy annually to ensure continued financial security. ICICI Lombard, a leading insurance provider, offers a comprehensive bike insurance policy that covers both third-party liabilities and damages to the insured vehicle. The ICICI Lombard Two-wheeler Insurance renewal process is hassle-free, both online and offline.

Let’s look at some of the key features of the policy and the ICICI Lombard bike insurance renewal process in more detail.

Features of ICICI Lombard Two-wheeler Insurance renewal

Here are some of the core features that make ICICI Lombard car insurance so unique.

Features

Specifications

Own damage cover

Covers damages caused to the insured vehicle from accidents, floods, earthquakes, storms, riots, and fire.

Third-party cover

Covers damages caused by the insured vehicle (if you are at fault) to a third person, or their vehicle or property.

Theft

Covers losses incurred if your two-wheeler gets stolen.

Personal accident cover

Up to Rs. 15 lakh for the owner-driver in case of accidental injury, disability, or death.

IL Take Care App

Avail the app to get instant policy issuance or raise claims.

Cashless garages

Offers cashless claim services at 6,100+ garages across India.

No Claim Bonus (NCB)

Up to 50% for five continuous claim-free years

Zero depreciation add-on cover

Ensures you get the full claim amount without any deduction of depreciation value at the time of claim settlement.


Benefits of ICICI Lombard bike insurance renewal online

Renewing your bike insurance policy online with ICICI Lombard comes with multiple benefits:

Instant renewal: With the online process, you can renew your bike insurance policy instantly in just a few clicks.

Easy and convenient: The online process is simple and convenient. You can renew the policy from anywhere and at any time.

Time-saving process: The online process is quick and saves you the hassle of visiting a branch office or waiting in a queue.

Easy access: Renewing your bike insurance policy online provides you with easy access to policy details and your policy documents.

Secure payment: ICICI Lombard offers safe and secure online payment options, ensuring that your transaction details are protected.

Easy policy download: You can download your renewed policy copy instantly after successful payment.

Steps to renew ICICI Lombard bike insurance

ICICI Lombard offers an easy online process to renew your bike insurance policy. Follow these simple steps to complete the ICICI Lombard bike insurance renewal process and renew the policy instantly.

Step 1: Visit the official website of ICICI Lombard and navigate to the bike insurance renewal section. You can also use the IL Take Care App for instant policy issuance.

Step 2: Enter your policy details, such as policy number, policy expiry date, and vehicle registration number.

Step 3: Select the coverage and add-on options that you wish to renew.

Step 4: Review your policy details and pay the premium online.

Step 5: Download the new policy document.

ICICI Lombard Two-wheeler Insurance policy renewal - Offline process

The offline renewal process for ICICI Lombard bike insurance is also straightforward.

Step 1: Visit the nearest ICICI Lombard branch and provide your policy number or vehicle registration number.

Step 2: Pay the premium by cash, cheque, or demand draft.

Step 3: Collect the new policy document and retain it for future reference.

Documents required for renewing ICICI Lombard bike insurance

To renew your ICICI Lombard bike insurance policy, you need to provide some essential documents. Make sure you have the following documents handy before proceeding with the renewal process:

  • Previous policy copy
  • Vehicle registration certificate (RC)
  • Personal details of the policyholder (name, contact details, and address)

You can also buy ICICI Lombard Two-wheeler Insurance through Bajaj Finance Insurance Mall.

How to buy ICICI Lombard bike insurance on Bajaj Finance Insurance Mall

Here’s a step-by-step guide to buying two-wheeler insurance through Bajaj Finance Insurance Mall.

Step 1: Click on the 'Get Quote’ button on this page to open the online application form.

Step 2: Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

Step 3: Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.

Step 4: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

Step 5: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.

Step 6: Enter the vehicle owner’s name, date of birth, residential address, and contact number. Also, enter the vehicle engine and chassis number (as per the RC) and previous policy details.

Step 7: Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to buy the policy.

ICICI Lombard bike insurance renewal ensures that you have continuous protection without any gaps. With its online renewal feature and extensive network of branches across India, renewing your bike insurance policy with ICICI Lombard is hassle-free.

Frequently asked questions

When should I renew my ICICI Lombard bike insurance policy?

You should renew your ICICI Lombard bike insurance policy before the expiry date of your existing policy. ICICI Lombard provides timely reminders, and you can renew your policy up to 90 days in advance to ensure continued protection.

What documents do I need for ICICI Lombard Bike Insurance renewal?

To renew your ICICI Lombard bike insurance policy, you need to provide some essential documents such as:

  • Previous policy copy
  • Vehicle registration certificate (RC)
  • Personal details of the policyholder, including name, contact details, and address.
Can I modify my bike insurance coverage during renewal?

Yes, you can modify your bike insurance coverage during renewal. You can choose to add or remove add-ons or increase or decrease the coverage amount based on your changing needs.

What happens if I miss renewing my ICICI Lombard bike insurance policy on time?

If you miss renewing your ICICI Lombard bike insurance policy before the expiry date, you lose the benefits offered under the policy. You will have to undergo a fresh underwriting process and may have to pay a higher premium amount.

How do I calculate the premium for my bike insurance renewal?

To calculate the premium for your ICICI Lombard bike insurance renewal, you need to enter some details. Enter the make and model of your bike, the coverage amount, and any add-ons that you wish to include. Based on these details, the premium amount will get calculated automatically.

Show More Show Less

Related videos

Disclaimer

Insurance is the subject matter of solicitation. *T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Comapany Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.