Top Two Wheeler Insurance Plans
HDFC ERGO - 2 wheeler Insurance
24 hrs Claim Settlement
100% Claims Settled: Seamless and reliable.
Paperless Claims: Effortless process with modern convenience.
Real-time Tracker: Stay updated instantly on your claim status.
Iffco Tokio - 2 wheeler Insurance
24 hrs Claim Settlement
Extensive Network: 4,300+ network garages for
hassle-free repairs.
Quick Settlement: Efficiently settles bike
insurance claims at an impressive rate of 95.80%.
24/7 Support: Dedicated assistance round the
clock for policyholders.
Affordable Plans: Bike insurance starting at Rs.
182, making it pocket-friendly.
ICICI Lombard - 2 wheeler Insurance
24 hrs Claim Settlement
Instant online policy on email
Claim settlement ratio (%)- 93.4%
GWP FY 2023- 217 .72 billion
Digital claims process
Doorstep Cashless Repairs
5400+ Cashless Garage.
98% Claim Settlement
Ratio.
Ratio.
Zero Depreciation Cover.
Get Policy in 3 easy Step.
TATA AIG - 2 wheeler Insurance
24 hrs Claim Settlement
Download Brochure
- Salient
Features - Know
your Plan - FAQ's
Established in 2001No of authorized garage-7500+Claim settlement ratio 99% Compulsory personal accident cover for
owner-driver of 15 lakhsAsset Under Management-23,493 cr FY23
Market rating-2nd largest Pvt motor Insurance
Companycoverage
Damages and Loss to the Bike
Your comprehensive bike insurance policy
offers an own damage cover which will cover the damage and
loss caused to your bike due to:
- Natural calamities such as floods, cyclones, earthquakes, snowfall, etc.
- Man-made damages from terrorist attacks, riots, strikes, other malicious activities, etc.
- Damages by fire caused by self-ignition, lightning, explosions, etc.
- Damages caused by accidents and in transit by air, waterways, railways, roadways, etc.
- custom list
- Third-Party Liability
- Personal Accident Cover for the Owner-Driver
General wear and tear, consequential loss and
mechanical/electrical breakdown of the bike due to age.
If the bike is used outside the determined
geographical borders, i.e., outside the boundaries of India.
Damage caused due to war, war-like operations,
mutiny and nuclear perils.
Benefits of choosing TATA AIG:
Get up to 75% off on your two-wheeler
premium payments
No Claim Bonus (NCB) discount
starting at 20% on your bike insurance premiums
Dedicated team of 650 claim experts,
experience a seamless claim process online with us in a
few easy steps.
99%
claim settlement ratio
4000+
network garages all over the country
Exclusions
General wear and tear, consequential loss and mechanical/electrical breakdown of the bike due to age.
If the bike is used outside the determined geographical borders, i.e., outside the boundaries of India.
Damage caused due to war, war-like operations, mutiny and nuclear perils.
Damage caused to the bike when used for racing, reliability trials, speed tests, etc.
Own damage cover for the bike in case of a third-party liability-only cover.
What is the percentage of claim in Tata AIG
bike insurance?
Tata AIG Bike Insurance Claim
Settlement Ratio
You will be happy to note that we had a
99% bike insurance claim percentage in the FY 2022 - 2023 for
our motor insurance claims.
How many times can I claim 2 wheeler
insurance?
There is no limit to the number of
claims you can raise in your bike insurance policy. However, it
is always advised to not raise multiple claims within a year, so
it does not affect your other-related benefits.
Can I claim insurance if I damage my own
bike?
Not to worry, the two wheeler Own
Damage insurance will cover the cost to repair or replace bike
parts damaged due to the accident. In case your bike is damaged
due to floods, earthquakes, cyclones, etc. ACKO's OD plan will
cover the damages to your bike.
How much does insurance pay for bike
accident?
If the owner is covered under a
stand-alone accident plan and the SI is Rs. 15 Lakh, then a
waiver will be provided to them for this cover. If the owner has
a personal accident policy for his existing car then he/she does
not have to purchase a separate PA cover for his/her new bike or
car.
How to claim Tata AIG insurance for bike?
At Tata AIG, the procedure to file a
Total Loss or Constructive Total Loss claim is simple:
- Log in to our official website (www.tataaig.com)
- Visit the Claims Process page.
- Provide information about your policy and yourself as prompted.
- Complete self-inspection of your bike via the link sent to your registered mobile phone.
HDFC ERGO - 2 wheeler Insurance
24 hrs Claim Settlement
Download Brochure
- Salient
Features - Know
your Plan - FAQ's
100% Claim Settlement RatioPaperless Claims Experience
Advanced real time Claim TrackerMobile Application Enabled WorkforceUnlimited Zero Depreciation Claims
One Claim Settled Every MinuteCoverages
protects the policyholders against the
following:
All third party liabilities - bodily
injury, death and property damage (up to Rs. 1 lakh),
arising out of an accident/mishap caused by the insured’s
bike.
Own-damage incurred by the insured’s bike in the following
scenarios:
- During travel by road, rail, water or air
- Natural calamities like earthquake, floods, etc
- Man-made disasters like riots, strikes, etc
- Fire/Explosions
- Theft of the vehicle
- Road accidents
Depreciation
The comprehensive bike insurance policy by HDFC ERGO does not cover the expenses of normal wear and tear taking place in the bike.
The comprehensive bike insurance policy by HDFC ERGO does not cover the expenses of normal wear and tear taking place in the bike.
Electrical and Mechanical Breakdown
Any kinds of electrical or mechanical breakdown remains uncovered in this cover.
Any kinds of electrical or mechanical breakdown remains uncovered in this cover.
Illegal practices
Your bike insurance becomes invalid if the damage is caused when the insured was travelling without a licence, or in an intoxicated state or in any activity against the law.
Your bike insurance becomes invalid if the damage is caused when the insured was travelling without a licence, or in an intoxicated state or in any activity against the law.
HDFC ERGO offers many exquisite benefits for
its
bike insurance policyholders such as:
Easy and Quick claim settlement
process
Hassle-free driving experience
with a
peace of mind
Cashless claim facility at over
6,800
network garages
Attractive add-on covers so that
policyholders can enjoy extensive coverage
24 hours availability of customer
support service with an instant solution to all the
user
problems.
Exclusions
Depreciation - The comprehensive bike insurance policy by HDFC ERGO does not cover the expenses of normal wear and tear
taking place in the bike.
Electrical and Mechanical Breakdown - Any kinds of electrical or mechanical breakdown remains uncovered in this cover.
Illegal practices - Your bike insurance becomes invalid if the damage is caused when the insured was travelling without
a licence, or in an intoxicated state or in any activity against the law.
What are the add-on covers offered
with HDFC ERGO Comprehensive bike Insurance policy?
Loss or Damage to the
Insured Vehicle caused due to:Fire, explosion, self
ignition or lightning.
Burglary,
housebreaking or
theft
All act of God perils
like earthquake, flood, cyclone etc
Accidental external
means,
terrorism, riot and strike
Liability to Third
Parties:Provides cover for any
legal liability arising out of the use of the vehicle
for
Accidental death /
injury
to any third party
Any damage to
property
owned by third party
Personal Accident
Cover:
The policy provides
for a
mandatory Personal Accident cover for owner driver and
optional cover for
passengers covering accidental death and permanent total
disability
WHAT ARE THE MAJOR EXCLUSIONS OF THE
POLICY?
General aging, wear &
tear, mechanical or electrical breakdown, failure,
depreciation, any
consequential lossDamage by a person
driving
without a valid license
Damage by a person
driving
under the influence of liquor or drugs
Loss/damage
attributable
to war, mutiny, nuclear risks
Damage to tyres and
tubes,
unless damaged during an accident
Usage on hire & reward
(applicable for all classes except public commercial
vehicles)
Loss or damage to
bonnet
side parts, mudguard, bumpers, lamps, tyres, tubes,
headlights, paint
work (applicable for all commercial vehicles; unless
opted
additionally)
Loss or damage
resulting
from overturning arising out of operation as a tool
(applicable for mobile
cranes, drilling rigs, mobile plants, navvies, shovels,
grabs, rippers unless opted for additionally)
HOW DO I FILE A CLAIM?
For Accidental Damage
to
Insured Vehicle (Own Damage Claims):Call our customer care
Toll-free 1800-2-700-700 (Accessible from India only) if
the
vehicle meets
with an accident and provide your policy number for
reference and register the claim
Alternatively, you can
visit and register on IPO (available on website/Download
IPO
app on your
smart phone) by providing personal details, link your
policy
and register your claim under "Claims" tab
WHAT IS THE CLAIM PROCESS?
If your vehicle can be
driven, take it to the nearest dealer / garage.Get a repair estimate,
fill up the claim form and attach a copy of the
registration
certificate and
driving license of the person driving at the time of the
accident.
If the garage is
within
our network, you could avail of cashless claim facility.
Pay
for non accident
related repairs, depreciation and deductible. We would
settle the rest.
If the garage is
outside
our network, you would have to get the claim reimbursed
subsequently.
Iffco Tokio - 2 wheeler Insurance
24 hrs Claim Settlement
Download Brochure
- Salient
Features - Know
your Plan - FAQ's
No of authorized garage- PAN India
cash less services with Toyota, Honda, TATA, Maruti, Hyundai etc.
Claim repudiation ratio is 0.05%
Personal Accident cover- 15 Lakhs
for individual customerAsset Under Management-Gross
written premium in FY 2022-23 is Rs 10,044 Cr
Solvency Ratio- 1.72
Established on 4th December 2000
Coverages
coverage offered under the IFFCO Tokio bike insurance plan
are as follows:
- If the two-wheeler is lost or stolen
- If there is damage to the bike due to any accident or mishap
- Any damage caused due to fire or explosion
- Any damage due to natural calamities
- Personal accident cover
- Third-party liability cover
Any damage that takes place when riding
under the influence of alcohol or drugs or without a valid
driving license
Normal wear and tear of the bike
Any kind of electrical or mechanical
breakdown
Benefits of choosing Iffco Tokio:
Network Garages:
IFFCO Tokio has a tie-up with over
4,300 network garages. With an extensive number of
network garages available, you can easily get the
benefit of cashless claim settlement.
Quick Claim Settlement:
With a claim settlement of 95.80%,
IFFCO Tokio is efficient in settling bike insurance
claims in a matter of a few minutes. Moreover, the
process of claim settlement is also quick and
hassle-free.
24*7 Support:
IFFCO Tokio has a dedicated team
that provides 24*7 assistance to policyholders. So,
if you have any queries regarding the IFFCO Tokio
bike insurance plan, you can easily reach out to the
IFFCO Tokio team.
Affordable Premiums:
IFFCO Tokio has bike insurance
plans to start at Rs. 182. Thus, when you choose to
buy bike insurance with IFFCO Tokio, you will be
able to buy bike insurance at affordable premiums.
Exclusions
Exclusions of the IFFCO Tokio Bike insurance plan are mentioned below:
- Any damage that takes place when riding under the influence of alcohol or drugs or without a valid driving license
- Normal wear and tear of the bike
- Any kind of electrical or mechanical breakdown
- Any damage to the insured bike due to civil war
Why should I buy IFFCO Tokio bike insurance
policy?
An insurance policy acts as a safety cover
for an individual. You never know what will happen the next moment
you are on the road with your bike. Therefore, it is important to be
prepared for the financial liabilities arising out of an unfortunate
event.
What are some of the advantages of getting my
policy from IFFCO Tokio?
IFFCO Tokio has maintained its position at
number one in many criteria that attracts the customers over it. It
features a claim settlement ratio of 95.30%, it allows the customer
to make unlimited zero depreciation claim and unlike other insurance
companies, it covers the losses incurred due to electrical as well
as non-electrical gadgets.
How long will it take to get a bike insurance
policy from IFFCO Tokio?
Getting an insurance policy from IFFCO
Tokio is a hassle-free process. If you are ready with all the
necessary documents you won’t take longer than 5 minutes to get your
policy. It’s quicker than you would have ever imagined.
Can I take my two wheeler insurance policy
online?
Yes, IFFCO Tokio provides online insurance
online by visiting their official website. You need to feed all the
necessary information, review it and finally buy it.
Does IFFCO Tokio provide add-ons for a bike
insurance policy?
Definitely, add-on covers are available for
bike insurance policy as well. IFFCO Tokio offers an ample number of
add-ons such as Zero depreciation cover, Roadside Assistance cover,
Personal accident cover etc.
ICICI Lombard - 2 wheeler Insurance
24 hrs Claim Settlement
Download Brochure
- Salient
Features - Know
your Plan - FAQ's
Liability Coverage: Offers financial protection against damages or injuries caused to third parties in an accident
where you and your bike are at fault.
24x7 Roadside Assistance: Our bike insurance offers 24x7 roadside assistance, ensuring help is available whenever
and wherever your bike breaks down.
Digital Claims Inspection: We offer a seamless digital claims inspection process, allowing you to easily submit
claims online hassle-free.
6800+ Cashless Garages: Access a vast network of 6800+ cashless garages for convenient repairs.
What's Covered:-
Loss or damage to your two wheeler due to natural disasters
Third-party legal liability
Personal accident cover
What's Not Covered:-
Mechanical or Electrical Breakdown: The policy does not cover issues arising from mechanical or electrical
failures.
Wear and Tear: Normal ageing and wear and tear of the vehicle are not covered.
Depreciation: The loss in value of the vehicle due to normal usage is excluded.
Consequential Loss: Indirect losses that occur as a result of the accident, such as loss of business or
missed meetings, are not covered.
Driving Under Influence: Claims arising from accidents when the driver is intoxicated by alcohol or drugs
will not be paid.
Inclusions
Loss or damage due to natural disasters.
Personal accident cover.
Protection against man-made disasters.
Third-party liability.
Roadside assistance and towing services.
Exclusions
Deliberate Accidents: Any damage caused by intentional acts of the policyholder is not covered.
Loss of Keys: Losing the keys to the motorcycle and subsequent theft is not a covered event.
Contractual Liability: Any liability that falls under a contractual agreement is typically excluded.
War and Nuclear Risks: Damage resulting from acts of war, invasion, hostilities, or nuclear radiation
is excluded.
Tyre Damage: Unless the vehicle is also damaged in an accident, damage to tyres and tubes is not
covered, or only partially covered.
Illegal Use: Using the bike for illegal purposes is a reason for claim rejection.
Geographical Area: Damage occurring outside the policy's defined geographical area is not covered.
Why choose ICICI Lombard Two Wheeler Insurance?
Choosing ICICI Lombard Two Wheeler insurance offers the following benefits:
Instant policy issuance
24x7 roadside assistance
Digital claims inspection
What are the different types of Two Wheeler insurance policies?
Comprehensive Two Wheeler insurance
Standalone own damage Two Wheeler insurance
Third-party Two Wheeler insurance
What is covered by ICICI Lombard Two-wheeler Insurance Policy?
Loss or damage to your two wheeler due to natural disasters
Personal accident cover
Third-party legal liability
In case I change my job and location, what happens to my two-wheeler insurance
policy?
A Two Wheeler insurance policy is valid anywhere in the country. Hence, if you change your job
and shift to a new location, you can continue with the same policy. You simply have to inform us
of the change.
Once the break-in inspection request is raised online, how long does it take to
get the policy?
Once you raise a request, the inspection will happen within 48 hours. Once the inspection is
complete, you will receive your policy immediately.
What are the documents required to buy a Two Wheeler insurance online?
You don’t need to provide any documents while getting the insurance for the first time. You
only need to share your details along with the details of your vehicle. Typically, renewals also
do not require you to submit any documents. All you need to do is provide us with the right
details about your Two Wheeler and the existing policy. Be sure to provide the correct and
relevant details while buying the policy online.
Can I take insurance policies from 2 different companies for the same vehicle at
the same time?
No, you cannot do so.
What if I do not have a motor insurance policy?
You must get a motor insurance policy for your own benefit. It’s not just the repair costs that
you’ll have to bear in case of any damages, you may also have to pay a fine of Rs. 2000 if you
are caught driving without a valid motor vehicle insurance by the police. It is easy to buy
motor insurance online if you have your vehicle registration number. You can buy ICICI Lombard
motor insurance either from our website or IL Insure app through the following steps:
a. Enter the vehicle registration number and your contact details
b. Review instant quote received for your motor insurance policy based on your vehicle type
c. Pay the premium if you’re happy with quote
d. View and download policy instantly online
e. When you buy vehicle insurance online, remember to look for add-on features that suit your
need.
How is the Insured Declared Value (IDV) of my vehicle decided and how does it
impact my coverage?
The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘Sum Insured’ and it
will be fixed at the commencement of each policy period for each insured vehicle. The IDV of the
vehicle (and accessories if any fitted to the vehicle) is to be fixed on the basis of the
manufacturer’s listed selling price of the brand and model of the insured vehicle at the start
of the insurance or renewal. The IDV would subsequently change according to the depreciation
grid below for each one year block within the policy period for the insured vehicle. All ages of
vehicles, provided they have a valid fitness certificate as required by law, will be covered by
the aforementioned product.
