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How to Make Changes in Your Two Wheeler Insurance Policy

By Vikas Chandra Das
21 July 2022, 11:46 AM

Forgetting to enter or misspelling any information seems like a petty mistake, doesn’t it? Not in the insurance world! In fact, it is often a serious offence and you may even be imprisoned on the grounds of fraud. Therefore, it is important to stay alert while filling in personal details as well as vehicle-related information. 

So people even prefer to have their details matched with their ID-proof like Aadhar card before submitting the form. However, in these busy times, where a single notification is enough to distract us, making minor errors is quite common. The process to correct such errors in your two-wheeler insurance policy is called Endorsement. 

Here are some common endorsement situations and the documents you will need for the same-

Change Policy Holder DetailsChange basic details like name, age, gender, etcRC Copy / Invoice Copy in case of New Vehicle​
 Change AddressNo documentation
Change Vehicle DetailsChange Registration NumberRC Copy​​​
 Change Date of PurchaseRC Copy / Invoice Copy in case of New Vehicle
 Change Registration Location or Registration DateRC Copy​​​
 Change Chassis NoRC Copy / Invoice Copy in case of New Vehicle​
 Change Engine NoRC Copy / Invoice Copy in case of New Vehicle​​​
 Financer DetailsDuly endorsed RC Copy / Financer letter​
Change Type of CoverAddition of Bi-fuel Duly endorsed RC copy​
 Addition of CoverRC Copy / Invoice Copy in case of New Vehicle​
 Change in CoverRC Copy / Invoice Copy in case of New Vehicle
 Nominee ModificationNo Documents required​​
No Claim BonusNCB Recovery-Full

Recommended Inspection Report

*Pre Inspection would be mandatory for the cases where the duration between NCB recovery letter date and NCB recovery endorsement request date is greater than or equal to 30 days.

 Change in previous policy detailNo Documents required​​​​
Transfer of Vehicle OwnershipName Transfer for Sold Vehicle - Corporate to Individual
  • Proof of transfer - (Transferred RC/ RTO receipt) or (sale receipt & Form 29-30 /Notarized Sale agreement accompanied by RC in the name of old insured)
  • Request letter from the Corporate (seller) For Ownership Transfer from corporate to individual,
  • Duly stamped letter from corporate (seller) on company letterhead would be required.​​
  • Recommended inspection Report.​​
 Name Transfer for Sold Vehicle - Individual to Corporate
  • Proof of transfer - (Transferred RC/ RTO receipt) or (sale receipt & Form 29-30/Notarized Sale agreement accompanied by RC in the name of old insured)
  • Request letter from the Insured (seller).
  • Recommended inspection Report.
 Name Transfer for Death case - Individual to Individual
  • Proof of transfer - (Transferred RC/ RTO receipt)
  • Death Certificate of Insured
  • Recommended inspection Report.
 Name Transfer for Sold Vehicle - Individual to Individual
  • Proof of transfer - (Transferred RC/ RTO receipt) or (sale receipt & Form 29-30/Notarized Sale agreement accompanied by RC in the name of old insured)
  • Request letter from the Insured (seller).
  • Recommended inspection Report.
 Name Transfer for Self Vehicle from Corporate - Individual
  • Proof of transfer - (Transferred RC/ RTO receipt) or (sale receipt & Form 29-30/Notarized Sale agreement accompanied by RC in the name of old insured)
  • Request letter from the Corporate (seller) For Ownership Transfer from corporate to an individual, Duly stamped letter from corporate (seller) on company letterhead would be required along with the declaration of Name Transfer for Self vehicle from Corporate name to Individual employee name with all NCB benefits.
  • Recommended inspection Report.

Summary: 

As a policyholder, you must review every document that you receive from your bike Insurance provider. Check for the spelling of your full name, your gender, age, vehicle number and all other identification details carefully. If there is a mistake, let the insurer know immediately. The process of rectifying mistakes in your two-wheeler policy document is known as Endorsement. It is a simple and straightforward process. Depending on the request, it usually takes around 7 - 15 working days for changes to reflect.

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