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 Details | Change basic details like name, age, gender, etc | RC Copy / Invoice Copy in case of New Vehicle |
| Change Address | No documentation | |
| Change Vehicle Details | Change Registration Number | RC Copy |
| Change Date of Purchase | RC Copy / Invoice Copy in case of New Vehicle | |
| Change Registration Location or Registration Date | RC Copy | |
| Change Chassis No | RC Copy / Invoice Copy in case of New Vehicle | |
| Change Engine No | RC Copy / Invoice Copy in case of New Vehicle | |
| Financer Details | Duly endorsed RC Copy / Financer letter | |
| Change Type of Cover | Addition of Bi-fuel | Duly endorsed RC copy |
| Addition of Cover | RC Copy / Invoice Copy in case of New Vehicle | |
| Change in Cover | RC Copy / Invoice Copy in case of New Vehicle | |
| Nominee Modification | No Documents required | |
| No Claim Bonus | NCB 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 detail | No Documents required | |
| Transfer of Vehicle Ownership | Name Transfer for Sold Vehicle - Corporate to Individual |
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| Name Transfer for Sold Vehicle - Individual to Corporate |
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| Name Transfer for Death case - Individual to Individual |
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| Name Transfer for Sold Vehicle - Individual to Individual |
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| Name Transfer for Self Vehicle from Corporate - Individual |
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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.
