I am sure that we all are well aware of the need of long term two wheeler insurance. With the sheer multiplicity of insurance providers in the country, choosing the best bike insurance policy in line with your exact requirements and budget is a daunting task.
Well, today I am going to make it easy for you. All you need to do is carve out a few minutes.
Check out this quick overview of top bike or vehicle insurance companies in India to make a sensible choice.
ICICI Lombard
Being one of the few insurance companies to have embraced technology integration, ICICI Lombard has issued over 11 million policies and settled more than six million claims.
Key features:
- Repayment for damages resulting from manmade and natural calamities, including terrorism attacks and personal accidents.
- Long-term, flexible policy offering.
- With ICICI bike insurance, even third parties receive the benefit on accidental damages, permanent injury and even death.
- Immediate issuance of policy copy
- Discounts for Automobile Association members.
- Multiple payment modes for convenient online premium payment.
- Free servicing across 3300+ cashless network garages in India.
- Efficient 24X7 customer support team quickly resolves claim-related and other policy related issues.
- Doorstep assessor facility is provided, in case there is a break in the policy.
HDFC Ergo
HDFC Ergo is yet another popular insurer that offers comprehensive two-wheeler insurance cover at competitive rates. The company has extremely simple bike insurancepolicy application and renewal procedures.
Key features:
- Instant online policy issuance and renewal.
- Customizable bike insurance policy.
- Policyholders can file claims online.
- Repair services available for two-wheeler as well as accessories.
- Round-the-clock, efficient customer support to help policyholders resolve policy and service related queries/issues.
TATA AIG Insurance
It is difficult not to talk about TATA AIG when talking about India’s top two-wheeler insurance providers. With its comprehensive bike insurance, along with several important benefits, the company consistently ranks alongside country’s best insurance companies.
Key features:
- Free pick up of two wheeler in case of accidents
- Six-month warranty for accident repairs (For TATA AIG Auto secure policyholders).
- Direct online claim filing option.
- Claim settlement assured within seven days.
- Covers total as well as partial loss of two wheelers in case of accidents that lead to third party property damage/bodily injury.
- Add on covers available – No Claim Bonus protection, depreciation reimbursement, daily allowance, key replacement, return invoice, etc.
- Compensates for loss of personal belongings inside the insured two-wheelers in case of an accident.
- Round-the-clock, dedicated customer service team that resolves any policy or service related issue in minimum turnaround time.
Bajaj Allianz
Dependability, seamless services, innovative products, and a strong customer-oriented approach is what makes Bajaj Allianz one of the most sought after names when it comes to bike insurance.
Key features:
- Compensates for damage or loss to the two wheeler caused by natural calamities like earthquakes, cyclones, floods, etc., and also man made problems like theft, riots, terrorist activity, etc.
- Offers third-party liability benefits, in case of property damage, accidental injury or death.
- Easy online policy renewal.
- Free services in chosen garages.
- Quick and hassle-free claims settlement/support and various free services.
- SMS updates regarding the insured two wheeler’s claim status.
Reliance General Insurance
Parented by the Reliance group, Reliance General Insurance is one of the top insurance companies in India, offering excellent bike insurance.
Key features:
- Fast and hassle-free claim settlement.
- Easy policy renewal tool options available online.
- No claim bonus (NCB), installation of anti-theft devices, membership of recognized Automobile Association etc., every year.
- Quick and hassle-free settlement of claims in case of damage/loss caused to the insured two-wheeler due to accidents, riots, theft, and various natural calamities, along with third party liability cover.
- Free repair/replacement services in any of the 2,100 network garages across India, along withRs. 1,500 allowance on towing charges.
- 24X7 customer support accessibility via phone or email.
SBI General Insurance
SBI General’s comprehensive two-wheeler insurance policy is one of the most sought after insurance products, thanks to its wide range of customer-centric offerings, features and benefits.
Key features:
- Customized pricing in line with applicant’s specific profile.
- Additional discounts.
New India Assurance
New India Assurance, a wholly government-owned firm, has not only developed a nationwide reach, but has also established a strong global presence in over 27 countries. New India Assurance has dedication and capability to cater to every request and need of their wide network of policyholders.
Key features:
- Quick claims processing.
- Outstanding grievance resolution system – Grievances once reported are acknowledged within three days and resolved within 15 days.
So, there you have it – top 7 best two-wheeler insurance providers in India. If you too are planning to get comprehensive two-wheeler insurance or get your existing two-wheeler insurance renewed, take your pick from one of the 7 insurers mentioned above and get set to enjoy an ocean of mind-boggling benefits and features.
