Universal Sompo Two Wheeler Insurance Renewal

Starting at only ₹1.5 per Day*

Two wheeler Insurance banner image
Enter your details to buy Bike Insurance
By proceeding you agree to Terms & Conditions
Proceed without two wheeler number
  • compare buy
    Compare and buy at best price
  • instant policy
    Instant Policy Issuance
  • no unwanted calls
    No unwanted calls. We promise!
*T&C Apply *TP premium only

You cannot do without a two-wheeler insurance renewal to continue with the protection from road perils. Moreover, you must comply with the Motor Vehicles Act of 1988, making at least the third-party two-wheeler insurance compulsory. Moreover, most insurers offer long-term two-wheeler insurance policies to prevent the hassle of annual renewal as delinquency is rampant among two-wheeler owners. Thus, the Universal Sompo two-wheeler renewal in time saves you from penalties while protecting the man and machine. So, let us first understand the fundamentals of two-wheeler policy renewal. 

Universal Sompo Two Wheeler Insurance Renewal – Inclusions

The renewal of the comprehensive two-wheeler insurance policy is necessary for primarily complying with the legal obligations and protection from on-road hazards. The coverage includes:

  • Compensation from perils of fire, explosion, shockwaves, and many more
  • Damages caused by natural calamities
  • Malicious acts engineered by humans
  • Theft, burglary, and damages caused during transit using road, rail, water, and air transport
  • Third-party liabilities 

Universal Sompo Two Wheeler Insurance Renewal – Exclusions

You must know the policy exceptions for a hassle-free claim settlement.  Therefore, check the following clauses while undertaking the renewal of Universal Sompo bike insurance.

  • Consequential and normal wear and tear loss
  • Accidents occurring outside the geographical coverage area
  • Driving without a valid licence or under the influence of intoxicants
  • Violation of the limitations clause

Universal Sompo Two Wheeler Insurance Renewal – Add-ons

Universal Sompo offers a variety of add-on covers to enhance the standard coverage in their two-wheeler policy against an additional cost. However, choose them wisely during the Universal Sompo renewal two-wheeler policy, meeting your specific requirements and budget. 

  • Universal Sompo Two Wheeler Insurance Renewal – Points to Note:
  • Choose from the two-wheeler policies on offer by Universal Sompo, depending on your risk perception, driving habits, and location. 
  • Choose the required add-on covers depending on your budget as the feature is optional, helping to augment the coverage. 
  • Ensure that the “No Claim Bonus” is applied to reduce the renewal premium.
  • Check the IDV (Insured Declared Value)  as the policy renewal premium depends on it.

Universal Sompo Bike Insurance Policy Renewal - Online Process

The operational environment at Universal Sompo is wholly digital, covering every aspect of its services. Accordingly, the Universal Sompo two-wheeler insurance renewal online is convenient and swift in a few well-defined steps. The process at the insurer portal is a two-step affair needing only the existing policy number. First, however, follow the steps in the sequence below to renew the policy at the aggregator’s portal.

  • Open the two-wheeler insurance renewal form and choose the insurer of your choice.
  • Enter the vehicle’s registration number and other prompted information.
  • Next, select the two-wheeler policy. 
  • Then, pick the add-ons on offer and update the IDV. Ensure that the IDV is 10% lower than the previous year.
  • You will receive the premium quote upon submission.
  • Approve and pay the premium using the available payment solutions to generate the policy document.
  • Download the  renewal document for your records and future reference.

Universal Sompo Bike Insurance Policy Renewal - Offline Process

Not every policyholder is tech-savvy to use the Universal Sompo two-wheeler insurance renewal online facility. Therefore, you can renew the policy offline through the following steps.

  • Visit the nearest Universal Sompo office and obtain the relevant renewal form. 
  • Fill out the application with the necessary details and submit the supporting documents.
  • Pay the premium in cash or any other payment solution of your choice.
  • Receive the renewed policy document for your records.

Universal Sompo Bike Insurance Renewal Benefits

There are no two opinions that the Universal Sompo two-wheeler policy renewal online is a compulsion. In addition, you accrue several benefits by renewing the two-wheeler policy. 

  • Ensured Coverage: The two-wheeler insurance renewal in time is essential to continue with the coverage while fulfilling your legal responsibilities. You are open to imposing a penalty for driving without a valid or expired insurance policy, not to mention the financial liabilities arising from an accident or theft. 
  • No Claim Bonus Transfer: The No Claim Bonus (NCB) accumulates up to 50% in five years, substantially reducing the premium. In addition, you do not lose the NCB benefit for switching insurers during the Universal Sompo bike insurance renewal process. 
  • Policy Comparison: The facility is handy when you opt for the Universal Sompo two-wheeler insurance renewal online process. Apart from the insurer offers, you can try various combinations and add-ons to tailor your insurance policy to match your specific needs. 
  • Tailored Policy: The renewed two-wheeler policy is new, and you can tailor the inclusions to match the circumstances. For example, if you have an existing third-party two-wheeler policy, you can choose the comprehensive policy during renewal. Alternatively, if the third-party insurance policy is long-term, you can select the standalone own-damage policy for umbrella protection. 

Universal Sompo Two Wheeler Insurance Renewal FAQs

  • 1. When is the ideal time for Universal Sompo’s two-wheeler insurance renewal?

    The ideal time to renew the two-wheeler insurance policy is before the validity date expires. You earn a reduced premium and continue with the coverage uninterrupted. 

  • 2. When do you receive the Universal Sompo’s two-wheeler policy renewal document for paying with a cheque?

    After cheque realization, the insurer generates the policy document and mails it to the registered email address. 

  • 3. Is there any grace period for Universal Sompo’s two-wheeler policy renewal?

    The usual grace period for renewal of the two-wheeler policy is 30 days from the expiry date without losing the insurance coverage. 

  • 4. How does an ARAI-certified anti-theft device impact the Universal Sompo two-wheeler policy renewal?

    The insurer allows you an additional discount on the premium if you install an ARAI-certified anti-theft devise on the insured two-wheeler.

  • 5. Do the add-on covers in the existing policy automatically carry over during renewal?

    You must choose the add-on covers anew for inclusion in the policy during the renewal process. 

Recent Articles

View All

How to Renew HDFC ERGO Two-wheeler Insurance Online?

Renewing an HDFC ERGO two-wheeler insurance policy is simple. To make a note of the considerations, you should...

Read More

Terms and Conditions of Bike Insurance Add-on Covers

Insurance companies offer several add-ons to a two-wheeler insurance policy. Learn about their terms and condi...

Read More

Common Inclusions and Exclusions of Bike Insurance

Bike insurance immunes you financially against third-party claims, loss and damage to the two-wheeler, etc. Bu...

Read More

A Guide to Royal Sundaram Bike Insurance Renewal Online

Riding a bike with a lapsed Royal Sundaram bike insurance policy can result in fines up to INR 2000 or impriso...

Read More

Bike Registration Transfer - Ownership Transfer Process, Fee...

Transferring the ownership of a two-wheeler and its registration certificate can be a tiresome process. The pr...

Read More

How to Check the Status of Two-wheeler’s PUC Certificate?

As per the Motor Vehicles Act, 1988, it is mandatory to get the PUC certificate. Now, we can apply, view, and ...

Read More

Are Fibre Parts Covered Under a Bike Insurance Policy?

Not every bike insurance covers damage to bike fibre parts. A two-wheeler insurance policy with add-on zero-de...

Read More

The 3 Best Honda Activa Scooters Available Under INR 50,000

The Honda Activa series of scooters are among the most popular ones in India. Here are the 3 best Honda Activa...

Read More

Important Documents That You Must Have While Riding Your Bik...

While riding your bike, ensure you carry the necessary papers and documents mandated by the Motor Vehicles Act...

Read More