Best Bike Insurance
How To Choose The Best Bike Insurance?
Are you looking for the best bike insurance policy for your bike? You can use our bike insurance calculator and select one from our wide range of bike insurance plans!
What Is Bike Insurance?
Bike insurance in India is a legal and mandatory requirement that makes it necessary for every bike owner to have a bike insurance policy for their two-wheeler. The most important feature of a bike insurance policy is the protection it offers to your bike from different types of damages such as –
- Theft or irreversible damage (total loss)
- Accidental damage due to road mishaps
- Damage from fires, implosions, explosions, self-ignition
- Damages caused by natural disasters such as earthquakes, floods, cyclones, etc.
- Damages due to human causes like terror acts, vandalism, etc., and more.
The best two-wheeler insurance in India is the one that can be customised seamlessly and meets your needs and budget while protecting your bike from different damages and also safeguarding you from violating traffic laws.
Calculate Your Bike Insurance
Get Two-Wheeler Insurance starting @ only ₹484/year!
Enter your bike registration number on our two wheeler insurance premium calculator to calculate, compare and choose a new bike insurance policy or renew your existing bike insurance policy. You can customise any Tata AIG comprehensive bike insurance policy with the bike insurance calculator to suit your two-wheeler insurance coverage needs and your budget!
Different Types of Bike Insurance and Get a Best Two-wheeler Insurance Suiting Your Needs
Check out Different Types of Bike Insurance and Get a Best Two-wheeler Insurance Suiting Your Needs To buy the best bike insurance online, you can carefully select a plan that fits your bike perfectly. From basic third-party bike insurance plans to customisable and comprehensive two-wheeler policies, Tata AIG has what your bike needs to stay safe from damage.
Standalone Third-Party Bike Insurance Policy
The basic standalone third-party bike insurance is a mandatory cover that protects you from third-party damages to another property or vehicle caused by your insured bike. Also, the injuries or death of another person (the third party) is covered under this policy, thereby keeping you safe from these financial losses and legal implications.
Standalone Own Damage Bike Insurance Policy
With our standalone bike insurance policy, you can protect your bike from accidental damages, natural damages due to natural calamities, human disasters, fires and much more! Furthermore, though you cannot avail of protection for third-party damages with the standalone own damage cover, you can be covered for irreparable damage or the theft of your bike.
Comprehensive Bike Insurance Plan
Our comprehensive bike insurance policy can help you cover a number of different damages to your bike. By choosing the best bike insurance policy, your bike can be safe from -
❖ Accidental damages
❖ Theft, irreversible damage, or total loss
❖ Fires, explosions, self-ignition
❖ Damages from natural occurrences like earthquakes, cyclones, floods, etc
❖ Human causes of damage such as vandalism, terror attacks, etc., and more
Reasons to Buy Two Wheeler Insurance Online
●Quick Two Wheeler Policy Issuance: Buying the best bike insurance as per your preference need not take time. Our smooth online process can fetch you the bike insurance policy you need in no time!
●Pay No Extra Charges: With no hidden costs, you pay only for what you buy and nothing more – standalone third-party insurance, standalone own damage insurance or comprehensive two-wheeler insurance and the add-on covers of your choice.
●No Previous Two Wheeler Policy Details Needed: You can buy your new online two-wheeler policy from Tata AIG without wasting any time on filling out unnecessary details.
●No Inspection or Documentation: Buying our online bike insurance policy means minimal documentation and no inspection of your bike; just a straightforward purchase!
●Digital Documentation: Your bike insurance policy remains online, safe and secure without you worrying about losing the document. You can download it anytime, on your desktop or mobile device.
●Complete Paperless Online Process: When you want to buy the best two wheeler insurance, our end-to-end online process saves you from the hassle of having to maintain paperwork.
●Easy Renewal of Expired Policy: Even if your bike insurance policy has expired, the bike insurance renewal process is still simple and swift and can be completed in a few minutes. Once you get the instant policy quotes, compare and choose to get the best bike insurance policy!
●Quick Claim Settlement: Our successful 98% claim settlement ratio for FY 2020-21 guarantees of a quick claim settlement process.
●Online Customer Support: You can get in touch with our Tata AIG online customer support team available online 24/7 to assist you.
●100% claims support: Our team of 650 claim experts guide and help you through your bike insurance claims process smoothly and efficiently.
How To Buy The Best Bike Insurance Online?
When you buy two-wheeler insurance online with Tata AIG, you can experience a quick and convenient process. If you’re buying Tata AIG bike insurance for the first time, these are the steps you can follow to protect your bike from damages:
- Go to the Bike Insurance page on the official Tata AIG website.
- Input your bike’s registration number and click on “Get Price” to proceed.
- You will be able to see a list of suitable Insured Declared Value (IDV) on our online bike insurance calculator as per your bike details. Choose one that provides adequate coverage.
- You can now view the total insurance premium to be paid for your bike insurance policy.
- You can choose our best third-party insurance for your two-wheeler or customise any Tata AIG comprehensive insurance for your bike with the 8 add-ons that enhance the insurance coverage.
- Make the online payment from the options provided on the website and as per your preference.
- Once the payment is made and the purchase is confirmed, you will get a soft copy of your bike insurance policy on your registered email ID.
Key Features of the Best Bike Insurance Policy
The best bike insurance policy offers you more than protection for your bike; it gives you quality service and the ease of purchasing and renewing your bike insurance policy without having to face any hassles.
-Comprehensive and Liability Only Coverage: Our comprehensive bike insurance policies are designed such that you can make a suitable choice and get extensive coverage for your own bike and also keep it safe from third-party damages.
-Swift Claim Settlement: With our entire claim settlement mechanism online, we ensure that your claims process is a smooth experience from the first step till the time the compensation is cleared!
-Claim Settlement Ratio: The highest claim settlement ratio of a bike insurance company makes it a desirable option for you. With our claim settlement ratio of 98% for FY 2020-21, we can settle your claims effectively and in a convenient manner.
-Easy Online Purchase/Renewal: When you buy or renew the best bike insurance, it is important to have several options so that you can compare and then make an informed decision. Our easy online process is designed to help you compare all the plans before you buy or renew a suitable one for your bike.
-Personal Accident Cover: With a personal accident cover of up to ₹15 lakhs, the owner-driver of the bike can be covered against personal accidental injuries. Moreover, in case of your unfortunate death, the pre-decided compensation of the personal accident cover is paid out to your beneficiary.
Bike Insurance Coverage
What is Covered?
Tata AIG’s bike insurance policies are flexible and offer comprehensive coverage for several types of damages to your bike. With a suitable insurance policy, you can stay safe from -
Accidental Damages to the Bike : Our standalone own damage cover and comprehensive policies protect your bike from accidental damages that can be caused due to road mishaps.
Total Loss of the Bike : If your bike is badly damaged beyond repair or is stolen, our comprehensive bike insurance policies are designed to compensate you and protect you from the total loss of your bike.
Fire or Explosion : In case of damages to your bike due to a fire or explosion, your bike insurance policy will take care of the losses.
Third-Party Liabilities : If your insured bike causes damage to a third-party person, vehicle or property, the bike insurance cover will cover these financial losses for you. This includes damage to the third-party vehicle or property as well as injuries to and also the death of a third-party person.
Personal Accident Cover for the Owner-Driver : With a personal accident cover of up to ₹15 lakhs, any accidental personal injuries caused to the owner-driver can be covered by your bike insurance policy. These include medical costs as well as ambulance transportation costs. And in case of the owner-driver’s death, compensation is offered to the nominee.
Specific Coverage Under the Add-ons : A variety of bike insurance add-ons offered on our bike insurance policies help cover your bike from very specific damages. These add-ons include Depreciation Allowance, Roadside Assistance, Return to Invoice, etc.
Natural Calamities : If your bike is damaged due to natural disasters such as floods, earthquakes, snowfall, etc., these damages can be easily covered under our bike insurance policy, thereby keeping you and your bike away from harm!
Man-made Disasters : Damages to your bike through malicious human activities such as terror acts, vandalism can be quite expensive, but you need not worry as your Tata AIG bike insurance policy is well-equipped to cover these damages!
What is Not Covered?
We ensure that our bike insurance policies can keep your bike safe from various kinds of damages. However, even the best bike insurance policy has some exclusions as given below -
Driving Under the Influence of Alcohol and Drugs: Our bike insurance policy cannot compensate for losses caused to you and your bike if you indulge in drunk driving or under the influence of intoxicating substances.
Driving Without Valid Driver’s License: Any damages caused to your bike cannot be covered if you do not have a valid driver’s license with you.
Wear and Tear or Depreciation: If your bike undergoes wear and tear due to regular use and is damaged as a result of this process, our bike insurance policy cannot protect you from such losses.
Electrical or Mechanical Breakdown: Damages to your bike resulting from a mechanical or electrical breakdown cannot be covered under our bike insurance policy.
Damage in War or Nuclear Attack: In case of a war-like situation or nuclear attack, your two-wheeler insurance policy will not be able to compensate for any such losses to your bike.
Damage Caused Outside Geographical Boundaries: If you ride your bike outside the geographical scope as mentioned in the policy document (outside India) and your bike suffers damages, the insurance policy is not bound to any losses.
Damage to Tyre or Tubes: Damages to specific parts of your bike, such as the tyres or the tubes, cannot be covered under the bike insurance policy if your insurance plan does not have a particular add-on that can cover this damage.
Types of Two-Wheeler Insurance Claim Settlement Process
At Tata AIG, we offer two ways in which you can settle your claims if your bike is damaged. You can choose between cashless claim settlement or reimbursement claim settlement. Let’s take a look at both the methods and how they work:
Cashless Claim Settlement
- To file a cashless claim for damages to your bike, get in touch with us immediately and inform us about the incident.
- We will send you a link that will help you inspect your bike and fill the online form with details of the damages.
- We will also have our surveyor take a look at your bike and make a report of the damages.
- Your bike will then be sent to one of our nearest network garages to be repaired.
- You can track your claim status on our website during the claim settlement process.
- Once the bike is repaired, we will settle the charges directly with the garage, and you won’t have to worry about the payment.
Reimbursement Claim Settlement
- To file a reimbursement claim for damages to your bike, contact us soon and let us know about the incident.
- Our appointed surveyor will conduct an inspection of the damages and prepare a report of the same.
- You can then take your bike to a garage of your preference for repairs.
- Once the repairs are completed, make the payment and keep a copy of the relevant bills and receipts.
- Send us a copy of these bills and receipts. You can check the status of the claim settlement process online on our website.
- Once we go through the payment receipts and complete the verification, we will disburse the reimbursement to you.
How To File Two Wheeler Insurance Claims Online?
- To file a bike insurance claim online, visit our website and go to the bike insurance page.
- On the top right-hand corner of the page, click on the Claims section. Alternatively, you can also get in touch with us on 1800-266-7780.
- Once we receive your request, we will send a self-inspection link to your mobile number.
- With the help of this form, fill in the details of your bike’s damages accurately. We will also have one of our surveyors examine your bike and prepare a survey report.
- You can either have your bike repaired at our network garage or choose a garage of your preference.
- To stay up-to-date with the process, you can track your claim status through the Claims page. Therefore, you can know how to check the insurance claim status online.
- If you have selected the cashless claim option, we will settle the repair costs with the network garage after the bike has been repaired.
- If you have selected the reimbursement claim option, send us a copy of the repair bills you have paid, and we will settle the claim soon after examining the bills.
How to Renew Two Wheeler Insurance Policy Online?
Tata AIG’s online bike insurance policy purchase process ensures that your online buying experience is smooth and hassle-free. To understand how to renew your two wheeler insurance online, simply follow these steps:
- On the official Tata AIG website, click on the Bike Insurance page.
- Type in your bike’s registration number and click on “Renew” to proceed with the bike insurance renewal of your Tata AIG policy.
- Check the list of Insured Declared Value (IDV) for your bike on our online bike insurance calculator and select an appropriate one for the insurance renewal of your two wheeler.
- If you have filed any bike insurance claims recently, add those details. But if you haven’t filed any claims, you can earn a No Claim Bonus discount on your premiums during the renewal process.
- Check the total insurance premium amount that you will be paying for your bike insurance policy.
- If needed, you can adjust the add-on benefits for your Tata AIG comprehensive bike insurance policy. Delete unnecessary add-ons and add relevant ones to save on your premiums.
- After finalising your selection, make your two wheeler insurance renewal online payment.
- You will then get a copy of your bike insurance policy on your registered email ID, confirming your bike insurance renewal.
How to Renew Your Expired Two Wheeler Insurance Policy?
Worried that you can’t do anything about your expired bike insurance policy? Tata AIG can help you renew your expired insurance policy and get the best bike insurance policy on renewal with these steps:
- Visit Tata AIG’s website and go to the bike insurance page. Type your bike’s registration number and if you are an existing Tata AIG customer, click on ‘Renew’ and if you have a policy from another provider, click on “Get Price”.
- Fill in some of your personal details and policy details as well. Let us know about any claims made in the previous policy and the expiry date of the previous policy.
- Select the IDV from the given list and a No Claim Bonus if you’re eligible for the same.
- Fill in the form online and choose from our various add-on offerings such as Roadside Assistance, Depreciation Allowance, etc.
- You can click on “Pay Now” once your bike insurance premium has been generated. Complete your payment online, and your expired two-wheeler bike insurance policy will be renewed!
In a Nutshell
Your online bike insurance renewal or the online purchase of the best bike insurance policy can be really simple with Tata AIG. Not only do we provide you with a range of customisable, comprehensive two wheeler insurance plans, but we also enable you to further enhance these plans with our exclusive set of add-ons! Moreover, in unfortunate circumstances, our customer support team will always be there to help you with your bike insurance claim!
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
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Frequently Asked Question
What is covered under two wheeler insurance?
A third-party bike insurance policy is a mandatory requirement as per law and provides coverage to you against third-party damages to another person, vehicle or property.
However, with a comprehensive bike insurance policy, you can get protection from third-party damages as well as the following damages to your own bike.
- Theft or irreversible damage (total loss)
- Accidental damage due to road mishaps
- Damage from fires, implosions, explosions, self-ignition
- Damages caused by natural disasters such as earthquakes, floods, cyclones, etc.
- Damages due to human causes like terror acts, vandalism, etc., and more.
As of now, a personal accident cover is mandatory under a third-party insurance policy as well as a comprehensive insurance policy.
How to choose the best bike insurance online?
Choosing the best bike insurance policy will depend on your coverage needs as well as your budget. For example, if you choose a policy that has a high insurance coverage amount exceeding your requirement, you can avail of a high claim amount in case your bike is damaged, but you will be paying high premiums, which won’t be economical for you in the long run.
To choose the right policy online, you can use our bike insurance calculator on the official Tata AIG bike insurance page. With this tool, you will be able to calculate your coverage amount based on how much coverage your bike needs. The bike insurance calculator also helps you compare and choose policies so that you make a well-informed decision.
How to keep the bike insurance premiums low?
To keep your bike insurance premiums low, start by choosing an appropriate policy that provides the right amount of coverage to your bike while keeping the premiums low. To do so, you can use the Tata AIG bike insurance premium calculator to get instant insurance quotes so that you can compare and choose the best bike insurance in India.
Comparing various insurance policies is another important aspect of maintaining an affordable bike insurance amount as it helps you weed out unnecessary costs like too many add-on covers at once. This ultimately helps you select from the
A timely bike insurance renewal is another way to reduce your premium amount, as you can avail of the No Claim Bonus discount at the time of renewal. But if you do not renew your policy on time, then you risk losing out on the discount on your premiums.
What is the IDV, and how does it affect the bike insurance premiums?
The IDV is the Insured Declared Value which is the total market value of your bike. The IDV also determines the sum insured of your bike, and therefore, is the total amount you will receive in case your bike suffers a total loss. Hence, when you buy an online bike insurance policy, you can choose from a list of IDV amounts provided. With an appropriate IDV selection, you can keep a check on how high or low your premiums will be.
What is cashless and non-cashless claim settlement in two wheeler insurance?
When your bike suffers damage, you can either file a cashless claim or a reimbursement (non-cashless) claim. As an existing Tata AIG bike insurance policyholder, if you file a bike insurance claim through the cashless mode, we will have your bike repaired at one of our network garages and clear the payment with the garage without you having to worry about it.
Likewise, if you choose to file a bike accident insurance claim through the non-cashless mode, you can have the bike repaired at a garage of your preference, make the payment, and then we will reimburse the repair costs to you. Here, the documents required for the insurance claim comprise a copy of the repair bills and receipts.
What happens to my two-wheeler insurance if I change my job and have to move to another location?
When you change your job and move to another location (within the geographical scope as mentioned in your bike insurance policy), be sure to let us know about the change. The location is an important factor that affects the premium amount of your bike insurance policy. Therefore, if you move to a city or town that poses less risk for your two-wheeler, your bike insurance premium will reduce. However, if you are moving to a bigger city with overcrowding, busy roads and traffic exposing your bike to greater risks, your premium amount will increase.
It is important to notify us about this change so that if your bike faces any damages in the new location, this information will help us settle your damage claims efficiently.
How can I claim my two wheeler insurance online if it is stolen?
If your two-wheeler is stolen, this damage is considered to be a total loss. In such a scenario, we will follow due process to ensure that you are compensated with the sum insured of your bike. This is how you can file a claim for a stolen two-wheeler:
- File a First Information Report at your nearest police station.
- Inform us about your stolen bike by contacting us on our support page.
- Visit the Tata AIG official website and go to the Claims section.
- Initiate a claim for your stolen bike, fill out the online form and also inform the Regional Transport Authority of the theft.
- Keep all the relevant documents ready needed for the process – the original FIR, a copy of the bike’s RC, the claim form filled and signed by you, a copy of the policy papers, the bike’s keys and Forms 28, 29, 30 along with the attested RTO transfer papers.
- If there is a loan on the bike, then you will also need form 35 and a NOC from the financer.
- You will then have to get the No Trace Report from the police, which signifies that the bike cannot be found.
- Once you have submitted all these documents, we will process your claim and settle the compensation amount in a convenient and swift manner.
When does bike inspection become necessary?
A bike inspection is necessary when you file a bike insurance claim for damages. During the bike insurance claim process, we send you an experienced surveyor from our end to examine the bike and prepare a report for the claim settlement. This is a necessary process so that we can adequately compensate you for the losses.
Is bike insurance mandatory?
Yes, having at least a third-party bike insurance policy is mandatory. The third-party two-wheeler insurance policy is a legal compulsion without which you could have to pay traffic fines or face imprisonment for up to 3 months. You can also choose to have a comprehensive two-wheeler insurance policy that has third-party insurance as well as own damage cover so that apart from following the legal statute, you are also able to protect yourself against third-party damages and damages to your own bike.
