Regarding online insurance for bikes, the interval between the policy’s expiration date and its renewal date is known as the “break-in period.” Let’s use an example to understand this better:
Suppose you renewed your bike insurance on May 7, 2022, even though it was scheduled to expire on April 30, 2022. In this instance, the seven-day interval between the policy renewal dates is referred to as the “break-in period.”
Not renewing your bike insurance during a theft break-in period can lead to significant financial and legal problems. You can use a bike insurance calculator to calculate the costs of insurance that must be paid.
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Legal Issues
The Motor Vehicle Act of 1988 requires all motor vehicle owners to obtain third-party bike insurance to operate their bikes on Indian roads. This implies that riding a bike without insurance is prohibited. There may be legal repercussions if your uninsured two-wheeler is in an accident and injures someone else.
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No Financial Security
Insurance provides financial security in unforeseen situations. Riding an uninsured bike during a break-in period can lead to financial hardship. Renew bike insurance on time to stay protected.
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Impact on NCB (No Claim Bonus)
The time between the policy’s expiration date and the date it renews for two-wheeler insurance is known as the break-in period in your online insurance for bikes. You are eligible to benefit from a No Claim Bonus (NCB) for ninety days following the policy’s expiration during this time. *
Your insurance company will give you a No Claim Bonus (NCB) if you don’t file a claim during the duration of your motor insurance policy. This NCB concession is applicable when you renew your personal damage insurance. Should your policy expire earlier than ninety-nine days, it will no longer be valid, and you will forfeit the accrued bonus (NCB). You will also need to purchase a new policy for your bike. *
Some Common Myths about Break-in Periods in Bike Insurance Policy
It is important to dispel a few prevalent misconceptions about it, so please review the table below to learn these:
| Myths | Facts |
| During the break-in period, you are not able to renew your bike insurance policy and might need to purchase a new one. | During the break-in period, you can conveniently renew your policy and keep the same plan for continued coverage. However, you will forfeit the No Claim Bonus (NCB) benefits if you do not renew the policy within ninety days of the expiration date. * |
| During the time of the break-in, you can file claims. | You are not able to file claims during the break-in period because the insurance plan is not active. |
| The NCB concession that you get when you renew your own damage insurance is not available to you. * | You can take advantage of the NCB concession if you renew your policy within ninety days of its expiration date. * |
During the break-in period, you can easily renew your bike insurance policy. It is advisable to renew it prior to its expiration date in order to guarantee protection against potential risks while operating a vehicle.
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
