Bharti AXA TWO WHEELER Insurance What happens If you Don’t Buy A Bike Insurance? 17 Apr 2018 Things That You Should Know If You Don’t Have A Two-Wheeler Insurance It has always been advised to get two-wheeler insurance when you buy a two-wheeler. But still, there is a considerable section of people who haven't opted for it yet. There are many consequences to it, and moreover, the safety of your vehicle and your life is at risk. It's better to have insurance as soon as possible after buying a two-wheeler and if you have an existing policy, must make sure that you renew it on time so that it does not lapse, and you are not stranded without any insurance cover. Here are a few consequences that you might have to face if your policy expires or you have not opted for any policy in the first place: - Penalties: Any Indian citizen, if caught driving a two-wheeler without third-party insurance, can be penalized up to Rs.1000 or imprisonment of 3 months under the motor vehicle act. No claim bonus: This is a benefit provided by the insurance company to their policyholders if no claim for the policy was made. If your two-wheeler insurance plan has expired due to non-payment of premium, this will result in all your accrued benefits being forfeited. Also, you lose the chance to transfer the accrued benefits to your new vehicle. Liabilities: In the absence of two-wheeler insurance, you shall be liable to pay the compensation amount to the victim of an accident caused by your vehicle, and the cost of repair of the vehicle will also have to be borne from your pocket. You can also be prosecuted by the authorities for two reasons – negligent driving and lapsed insurance policy. This will not only lead to significant expenses on your part but can also have a significant impact on the lives of your family members if you are held responsible for an accident. Time consumption: If you have a two-wheeler insurance policy, and it lapses, then it’s a big deal. You will have to undertake the whole process again as if you are buying a new policy for a vehicle. It will be a hectic process to fill the fresh proposal of insurance, and even a whole new inspection will be conducted for your vehicle. There might be times when the proposal of renewing of a lapsed policy might be rejected, leaving you vulnerable to any damages that might happen in future. Above were the consequences that you can face if you don’t have a two-wheeler insurance policy. It's better to get your vehicle insured to escape from these consequences. Due to the element of unpredictability in the modern lives, it is definitely advisable to avail the security offered by an insurance policy. If you have not yet subscribed to a two-wheeler insurance policy or your existing policy has lapsed, you must get a new policy or renew your existing policy to save you from any unforeseen exigencies. Explore Our Products Car Two Wheeler Travel Health Critical Illness Personal Accident Bharti AXA Advantages We've raised the bar in being your Two wheeler's ideal insurance companion 4.2 MILLION POLICIES ISSUED 79 BRANCHES ACROSS INDIA 3600+ CASHLESS GARAGE 24/7 CLAIM ASISTANCE Get Quote Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.