Why Renew Motor Insurance on Time?

⚖️ Legal Requirement

• As per the Motor Vehicles Act, Third-Party Liability insurance is mandatory.

• Driving without valid insurance can attract heavy fines, suspension of license, and even imprisonment.

• If your policy lapses, your vehicle is technically “uninsured,” even if it’s just a day overdue.

👉 Example: A car owner forgets to renew and meets with an accident the next day. The insurer won’t cover damages, leaving the owner liable for repairs and third-party compensation.

🚫 Risks of Not Renewing on Time

1. No Coverage for Accidents or Theft

   • A lapsed policy = no financial protection.

   • Accidents during this period must be paid entirely by the owner.

2. Break-in Policy Complications

   • If insurance lapses, insurers treat it as a break-in policy.

   • Fresh inspection of the vehicle is required before renewal .

   • This may delay coverage or lead to rejection if pre-existing damages are found.

3. Loss of No Claim Bonus (NCB)

   • NCB is a discount (up to 50%) for claim-free years.

   • If the policy isn’t renewed within 90 days of expiry, the entire NCB benefit is lost .

👉 Example: Mr. Verma had 35% NCB but forgot to renew for 4 months. On fresh policy issuance, his NCB benefit reset to 0%, increasing his premium by thousands.

4. Penalties & Legal Trouble

   • Traffic police can fine you for not carrying valid insurance.

   • In case of an accident, you may face legal liability without insurer backing.

✅ Benefits of Timely Renewal

• Uninterrupted Protection – Your vehicle stays continuously insured.

• Lower Premiums – Preserve your No Claim Bonus (NCB).

• Hassle-Free Process – No inspection delays, no documentation hassles.

• Peace of Mind – You comply with the law and avoid penalties.

💡 Agent’s Role in Helping Customers

• Send Reminders – SMS, WhatsApp, and emails 30 days before expiry.

• Educate About NCB – Stress how delay causes loss of discounts.

• Promote Online Renewals – Highlight the ease of instant digital renewal (available up to 60 days before expiry) .

• Assist With Add-Ons – Renewal time is best to suggest Zero Dep, Engine Protect, or Roadside Assistance.

🎯 Conclusion

Timely renewal of motor insurance is a must for compliance, savings, and peace of mind. As agents, reminding and assisting customers ensures they don’t lose coverage or valuable benefits.

👉 Pitch Line:
“Don’t let a small delay cost you big. Renew your motor insurance on time—for uninterrupted protection and maximum savings.”