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Everything You Need to Know about the Grace Period in Bike Insurance

By Juhi Walia
03 August 2022, 11:16 AM

A grace period exists for two-wheeler insurance renewal. But it is advised you renew your two-wheeler insurance policy much before that. Because if you don't renew on the exact date, the policy will expire and leave you uninsured against any damage or loss due to accidents or natural or man-made disasters. Besides, the traffic police will impose a fine on you if it catches you with an expired bike insurance policy.

All bike owners are required to obtain at least a basic third-party bike insurance policy as per the Motor Vehicles Act, 1988, to prevent fines and imprisonments. As a result, you will need to renew your bike insurance policy from time to time to ensure that it remains active and that you do not break any laws.

But if somehow you can't renew on the due date, you can do so during the grace period and protect your NCB benefits. Besides, you can save yourself from buying a fresh policy and bearing a higher premium. Let's learn more about the grace period of two-wheeler insurance renewal.

Grace Period of Two-wheeler Insurance Renewal

Insurers will provide you with a grace period for the renewal of two-wheeler insurance online or offline, during which they will not increase your premium. They might overlook a gap of a few days (after the expiry date) and be comfortable with allowing two-wheeler insurance renewal without a bike inspection.

If there is a large gap in the renewal of a two-wheeler insurance policy after it has expired, the insurer might feel that it would be prudent to inspect the bike. Bike insurance premiums can be increased as a result of an inspection. Thus, a grace period only saves you from paying a higher premium. Else there is no benefit in delaying your renewal premium payment.

Knowing the 90-day Grace Period for No-claim Bonuses 

In insurance terms, an NCB in bike insurance is a bonus offered to policyholders as a discount for not claiming during the previous policy period. If you don't raise a claim for five consecutive policy years, you can get a discount as high as 50%.

The NCB accumulated throughout your bike insurance policy will be void if you do not renew it within the grace period, which is 90 days from your policy expiry date. 

Read more - How to Calculate NCB for Two Wheeler Insurance?

Two-Wheeler Insurance Lapses: How to Prevent Them?

Renewing your policy on time is the best way to avoid insurance lapses. Insurers offer alert services via email or SMS, making it very easy to stay on top of things. Your bike insurance company also contacts you about policy renewals before the expiration date. 

Alternatively, you can purchase a long-term two-wheeler insurance policy that covers you for at least three or five years to avoid the hassle of yearly renewals. Long-term policies also get you discounts on premiums. 

It is a great help to have a grace period, but don't rely on it completely when you can renew your policy beforehand. 

Insurance for Two-wheelers: How Do You Renew It?

It has been mentioned earlier that insurers start reminding policyholders when it is getting close to the expiration date of their policy. However, you may miss out on a call from them when you are out of town or too busy with your work. If this is the case, you must contact your insurer as soon as possible. If you renew your policy within 90 days of the policy expiration date, you escape a financial burden on yourself.

Please remember that when you renew your bike insurance policy online, you will be required to fill out forms on the company's website. So, have all your vehicle documents handy. And if you want to do it offline, you will need to contact the agent or visit the branch to pay the renewal premium. 

Read more - Is Online Bike Renewal Really Safe?


It is clear to you that the grace period can be important for people missing the renewal deadline. But letting your two-wheeler insurance policy expire by not paying on the due date will get you in a legal tangle. Besides, please read your policy document carefully to know various terms and conditions pertaining to a grace period.

Read more -


1. Can two-wheeler insurance be renewed within a grace period?

Two-wheeler insurance can easily be renewed online, which saves you the hassle of visiting the insurer's office whenever you want to renew your policy. If you opt for the break-in policy, the insurer can create it as a break-in policy that you need to renew within the grace period of 90 days and keep your NCB benefits intact.

2. Can I renew my bike insurance after I miss the renewal date?

Yes, you will get a 90-day grace period during which you can renew your motorcycle insurance policy. Once the grace period expires, you need to apply for a new one. 

3. Do I have to wait until my bike insurance expires before I can renew it?

Ideally, renewals should be made 15 to 30 before the policy expiration date. If you fail to renew your plan by the due date, your claims may be rejected, and your insurance rates may increase if you don't during the grace period.

4. How long is the bike insurance policy valid?

It is mandatory to have bike insurance when you purchase a new bike. This includes the 5-year third-party coverage + 1-year own damage coverage or simply the 5-year third-party coverage. This provision came into being after a Supreme Court hearing in September 2018.

5. Is my NCB protected within the grace period if I miss my insurance renewal date?

Yes, your no-claim bonus remains secure within the 90-day grace period. However, it will be considered void if you fail to renew your bike insurance policy during this period. 

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