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How Can You Change the Owner Name in Bike Insurance?

By Vikas Chandra Das
25 November 2022, 3:47 PM

Changing the owner's name in the bike insurance policy becomes an integral part of the bike-selling process. It is equally essential for both the buyer and the seller in the long run. But, due to a lack of proper knowledge, this tends to get ignored or overlooked at the time, which can later create big trouble. Ignoring this crucial part can create significant issues when incidents occur on the road. 

Also, transferring the existing bike insurance ownership is essential if you plan to buy a new bike. While selling your two-wheeler, you might suddenly get stuck with how to transfer or change the owner's name in the bike insurance. 

If not taken care of properly at the right time, these small things can play a prominent role in complicating the smooth selling of your bike. There is no reason to treat this as a trivial matter.

Therefore, it is necessary to understand all that’s vital for your two-wheeler insurance to change the owner's name. Here, we shall discuss how you can successfully change the owner's name in your bike insurance.  

Steps to Change the Bike Insurance Ownership

The good part is that you need not worry much about how to get the insurance policy transferred in the name of the new owner. The process is simple. 

  1. The first and foremost step is to apply for the transfer of the two-wheeler insurance, which you will have to do within 14 days from the day of the transfer of ownership of the vehicle. Also, the insurer needs to be informed about the change of ownership at the earliest.
  2. The next is to submit the necessary documents. These consist of documents like a registration certificate, documents that stand as proof of transfer of ownership of the said vehicle, insurance papers, premium paid details, and a sale deed.
  3. Both the parties involved in the deal, the buyer and the seller, will have to submit their KYC documents, such as a PAN Card, Voter ID Card, and Aadhar Card.
  4. It is upon the insurance provider whether they will inspect the vehicle before the transfer of insurance ownership to the new owner.
  5. Upon verification and once the insurer is satisfied, the insurance policy is transferred to the name of the new owner of the two-wheeler.

Required Documents

Here is a list of all the essential documents that are needed to change the owner's name in the bike insurance policy-

  1. Registration certificate of the vehicle
  2. Forms 28, 29, and 30
  3. All details of the Insurance Policy
  4. Sale deed of the vehicle
  5. Ownership Transfer proof documents
  6. NOC from the previous owner of the vehicle
  7. Passport size photograph and address proof seller and buyer

Benefits for the Seller to Get the Owner’s Name Changed in the Two-wheeler Insurance Policy

It is evident that the bike insurance policy transfer is of great significance for the buyer when it comes to the vehicle's protection.

The buyer, post-purchase, will not have to go through the process of getting the bike insurance all over again, but with the simple transfer, will be able to enjoy all the coverage. And the bike insurance policy provider is informed about the same.

The buyer needs to check that the insurance is transferred to his name. Otherwise, in case of any accident, the insurance company will not provide any coverage or insurance amount. It will surely save him time and energy. But the thing is that this transfer holds equal importance for the seller for the below-given points-

  1. If the insurance owner's name is not changed, the old owner’s name will be retained in the insurance company's record. So, in case of any mishap or third-party damage, the old owner will be accountable for the same. This means even though you are not using the bike anymore, you will still remain liable for the same.
  2. The old owner can also apply for the No Bonus Claim during the bike insurance policy ownership transfer. The benefits will apply to the following policy he purchases, keeping the NBC benefits intact.
  3. Here it is essential to mention that the new owner must start and transfer the insurance ownership within 14 days of the transfer of vehicle ownership. If this is not initiated within 14 days, the new owner will have to buy a fresh bike insurance policy for the vehicle.

Thus, it is clear from the above discussion that changing the owner's name in the bike insurance paper is of utmost importance and should not be taken lightly.

So, if you are planning to sell your bike and go for a new one, or you are planning to buy a second-hand bike, the information provided here will significantly help you. Settling this critical update is something that you should stress at the very beginning owing to its connection with the insurance claims. 


1. Is it possible to transfer bike insurance to the new owner?

Yes, it is possible to transfer the bike insurance in the name of the new owner by following a few simple steps and furnishing essential documents.

It is mandatory in India to have bike insurance for every two-wheeler rider. Hence, transferring the bike insurance policy to the new owner's name is compulsory.

2. Is there any format for a bike insurance transfer letter?

Visit the website of the respective insurance company and download the application form meant for the transfer of insurance. Or you can also address a letter to the manager of the concerned insurance provider to begin the process.

3. Why is it essential to change the owner's name in bike insurance?

According to the terms and conditions of the insurance companies, bike insurance is done regarding a particular bike and is attached to the vehicle and not to the owner.

Hence, when the ownership of the vehicle changes due to sale, the insurance policyholder’s name also needs to be updated to protect against any future liabilities and maintain the continuity of NCB benefits.

4. Can third-party insurance for a bike be transferred?

The third-party insurance of bike insurance gets automatically transferred to the new owner with the change of the owner’s name in the insurance policy.

5. Can the no claim bonus benefit be transferred to the buyer with the change in the bike insurance ownership?

No, the 'No Claim Bonus' pertains to the seller and cannot be transferred to the new buyer. 

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