NCB if policy is not renewed


#1

My 2 wheeler insurance policy lapsed as I was out of town. I am now planning to renew it after a period of 15 days after the expiry date. Will this impact my NCB?


#2

Hi,

Unfortunately, not renewing your Two-Wheeler Insurance policy before it expires is considered a legal offence if you are caught riding with an expired policy. At the moment, since you are planning to renew it after 15 days from the expiry date, you will still be able to avail NCB benefits. However, if your policy has lapsed for more than 90 days from the date of expiry, then your no claim bonus will have to be forfeited.

Kindly ensure that your vehicle is taken to an insurance agent for physical inspection and verification so you can proceed with the renewal of your insurance policy.

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Cheers,
Team BB