Owning a new bike is a thrill, but parting ways with your old one may be a bit nostalgic, especially if your old ride has a registration number you’ve grown attached to. Bajaj Allianz understands your sentiments, which is why we have incorporated detailed information into our bike insurance policies about how to transfer your old bike's registration number to your new vehicle. This article will guide you on how you can keep your lucky number while ensuring you stay legally compliant.
Registration numbers are a crucial part of your vehicle's identification, similar to how the permanent account number (PAN) / Aadhar identifies a person. It aids in tracking the vehicle for legal and insurance purposes. For instance, if your vehicle is stolen or involved in an accident, the registration number is what authorities and third party bike insurance providers use to identify and track it.
Yes, you can. The Motor Vehicles Act, 1988, permits owners to retain their old vehicle registration number for a new vehicle, under certain conditions. This possibility allows you to keep your lucky number, but it's crucial to follow the correct process to avoid legal complications.
In India, vehicle registration numbers are broadly categorized into two types: 'ordinary' numbers and 'fancy' or 'VIP' numbers. Ordinary numbers are the standard series of digits the Regional Transport Office (RTO) issues at the time of vehicle registration. These numbers follow the standard RTO series and do not contain any specifically desirable or distinctive features. On the other hand, 'fancy' or 'VIP' numbers are those which hold some unique appeal due to their particular pattern or sequence. They might be numerically significant (like 0001, 1111, etc.) or could be considered lucky (like 786) based on various cultural or personal beliefs. VIP numbers are sought-after, and the RTO often auctions these numbers due to their high demand. The right to use such a number can be quite expensive, but it provides a certain cachet that many vehicle-owners value. Whether you hold an ordinary number or a VIP number, both can be ported to a new vehicle, but remember, the costs and procedures involved can differ.
Transferring your registration number doesn't directly impact your bike insurance policy. However, it's vital to update the insurance provider about the change, as any discrepancy in the registration details could lead to issues during a claim. Claims are subject to terms and conditions set forth under motor insurance policy. There are different types of bike insurance plans available, like comprehensive and third-party cover, and the number transfer can be smoothly updated in any of them. At Bajaj Allianz, we ensure that this process is seamless and hassle-free.
As you plan to buy a new bike, don’t worry about leaving your old bike's registration number behind. Now that you understand the process, the significance of registration numbers, and how to renew bike registration, it's clear that it's possible to start a new journey with your lucky number still with you. While focusing on these legalities, don’t forget the importance of having a solid bike insurance policy in place. Bajaj Allianz General Insurance Company's two-wheeler insurance plans ensure that your ride, whether with an old number or new, is protected against unforeseen circumstances. *Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
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