Bike Insurance In Chandigarh

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Bike Insurance In Chandigarh

In recent years, Chandigarh has seen a rise in traffic issues due to the increased number of vehicles in the city. Moreover, the increase in the number of bikes has also led to an alarming rise in road accidents involving bike riders.

Road accidents can lead to significant financial losses even if minor damages are incurred. Financial stress like this can be avoided if you have bike insurance in Chandigarh.

The process of acquiring two-wheeler insurance in Chandigarh can be tedious. Hence, here are all the details you will need to get bike insurance for your two-wheeler.

All About Bike Insurance in Chandigarh and Why You Need One

Bike insurance in Chandigarh plays a crucial role in providing financial protection for bike owners. These policies are essential, particularly with the escalating number of vehicles in the city.

According to the Motor Vehicles Act 1988, all vehicle owners must have third-party motor insurance. However, with choices between Comprehensive, Standalone Own Damage And Standalone Third party, it is convenient to choose insurance for a bike that fits your priorities.

Problems Faced by Bike Owners in Chandigarh

Bike owners in Chandigarh face numerous challenges that significantly impact their safety and commuting experience.Here are a few that are most common:

  • 1.The presence of blind spots increases the risk of colliding with other vehicles or stationary objects.

  • 2.Low visibility on the roads makes it challenging for both the two-wheeler riders and other drivers to navigate safely.

  • 3.Rash driving and negligent driving of drivers pose a significant threat to bike riders and other drivers alike.

  • 4.Driving at high speeds and in close proximity to bikes is known to cause crashes due to careless driving.

  • 5.The absence of dedicated lanes increases the risk of collisions and accidents as bike riders often have to compete for road space.

  • 6.The increasing number of two-wheelers as a result of a growing population intensifies traffic congestion.

  • 7.Despite efforts to improve road safety measures, the Chandigarh Road Safety Report-2022 has identified 13 accident-prone areas and 6 black spots across Chandigarh.

Tata AIG Bike Insurance Chandigarh

Tata AIG provides bike insurance that caters to various needs. There are three types of Tata AIG bike insurance plans that offer distinct features and advantages that ensure tailored coverage to your individual requirements.

Tata AIG Comprehensive Bike Insurance

Tata AIG’s Comprehensive bike insurance provides wide-ranging coverage against various damages, which also include natural and man-made disasters. Moreover, this insurance extends protection against third-party liabilities during bike accidents as well. Here are more details on this comprehensive form of coverage.

Inclusions Accidental Damages
Fire and Explosion
Man-made damages
Theft or Malicious Acts
Damage Beyond Repair
Personal Accident Cover for Owner/Driver
Third-party liability
Add-ons for Extensive Coverage
Exclusions Ordinary wear and tear due to usage
Damage caused due to driver/owner negligence
Damage caused due to driver/owner driving without wearing a helmet
Damage caused due to driver/owner driving without a valid licence
Absence of add-on and covering specific damage
Ideal For Bike riders want extensive insurance that provides extra protection.

Tata AIG Standalone Own Damage Cover Bike Insurance

Tata AIG’s Standalone Own Damage Cover bike insurance provides protection against damages and losses incurred to your insured bike. This policy provides compensation for damages specifically to your bike which makes it a valuable addition alongside third-party insurance. Here are the specifications of this policy in detail:

 Inclusions Accidental Damages
Fire and Explosion
Man-made damages
Theft or Malicious Acts
Damage Beyond Repair
Exclusions Third-party Damages
Drunk Riding Damages
Without a licence to drive/riding
Mechanical/ Electrical Breakdown
Ideal For Bike riders living or driving through high-risk or accident-prone areas and wanting protection for their vehicle. 

Tata AIG Third-party Bike Insurance

Tata AIG’s Third-party bike insurance provides third-party protection against damages and losses caused by your insured bike. This policy is a mandate under the Motor Vehicles Act 1988. It provides legal and financial protection only for third-party liabilities. Hence, it is recommended to consider investing in Tata AIG’s Comprehensive bike insurance for better coverage.

Here are the specifications of the Third-party bike insurance:

 Inclusions Third-party Liability
Third-party Property Damage
Legal Expenses
Exclusions Own Damage
Theft and Fire Damage
Personal Injury to Owner/Rider
Add-ons and Optional Covers

Best Bike Insurance in Chandigarh: Third-party Vs Standalone Own Damage vs Comprehensive Bike Insurance

Parameters  Third-party Bike Insurance Standalone Own Damage Bike Insurance Comprehensive Bike Insurance
Coverage Third-party Bike insurance ensures legal and financial protection for damages caused to third parties by your insured bike. Standalone Own Damage Bike Insurance exclusively provides coverage for damages and losses sustained by your insured bike. Comprehensive Bike Insurance provides extensive protection against accidents
and third-party liabilities and includes personal accident cover for the owner/driver 
Third-party Liabilities Third-party bike insurance provides comprehensive financial and legal aid for third-party liabilities incurred.  Standalone Own Damage Bike Insurance exclusively excludes the coverage for  third-party liabilities. Comprehensive Bike Insurance provides coverage for  third-party liabilities associated with your insured bike.
Add-ons Third-party bike insurance does not provide an option for add-ons.  Standalone Own Damage Bike Insurance has a range of add-ons that can be used to tailor the coverage to your preferences.  Comprehensive Bike Insurance has unique add-ons that can make the coverage under this policy even more extensive.
Which Insurance is Better? Third-party Bike Insurance provides only basic coverage despite being mandated by the law. Standalone Own Damage Bike Insurance provides coverage only to your insured bike and lacks additional features.  Comprehensive Bike Insurance offers comprehensive protection and ensures overall coverage for various risks.

What is the Two-Wheeler Insurance Rate in Chandigarh?

Various factors influence the premium rates of bike insurance policies, particularly comprehensive plans. These include the following:**

  • Make and Model:

The make and model of the bike play a pivotal role in determining insurance premiums. High-end and luxury bikes tend to attract higher rates due to higher repair costs and replacement rates. Understandably, lower or medium-range models incur lower premiums as they have lower repair costs and replacement rates.

  • Location:

The geographical location significantly influences insurance premiums. Since rural areas are typically prone to lower risk factors, insurance premiums offered are at lower rates. Naturally, with increased possibilities of theft and accidents, urban and metropolitan areas face higher premiums.

  • Add-ons:

Additional coverage options, also known as add-ons, can be incorporated into comprehensive policies at additional costs. These provide you with enhanced protection against various unforeseen expenditures for services like roadside assistance, zero depreciation or engine protection.

  • IDV:

Insured Declared Value, also known as IDV, is a vital factor in determining premium rates. It represents the maximum amount payable by the insurance provider in the event of a total loss. Higher IDV values result in higher premiums as insurance providers assume greater liability for potential payouts.

  • No Claim Bonus:

If you maintain a claim-free record, no claim bonus acts as a reward system that offers discounts on premiums upon policy renewal. Accumulated no-claim bonuses reward responsible riding behaviours and encourage the prioritisation of your safety on the road. This ultimately leads to reduced insurance costs over time.

You can use the Tata AIG bike insurance calculator to calculate the two-wheeler insurance rate in Chandigarh quickly and from the comfort of your home.

Third-party Bike Insurance Premium Rates

The premium for third-party bike insurance is calculated based on factors such as the bike’s engine capacity (CC) and other relevant factors.

Moreover, these premiums are typically standardised across different insurance providers. They are determined by the annual rates set by the Insurance Regulatory and Development Authority of India (IRDAI).

However, it is essential to note that these rates may vary over time and should be verified before finalising your bike insurance policy.

How to Choose the Best Bike Insurance in Chandigarh?

When choosing bike insurance in Chandigarh, the following guidelines could be helpful:**

  • Claim settlement:

    Opt for a reputable insurance provider like Tata AIG, which is known for facilitating a smooth claim settlement process. This will ensure hassle-free handling of your claims.

  • Coverage assessment:

    Evaluate the coverage offered by the bike insurance. Determine your specific requirements and budget to select the most suitable option. Depending on factors such as your vehicle’s age, usage, and cover requirements, choose between a third-party or comprehensive coverage.

  • Premium Evaluation:

    Obtain an estimate of the premium cost before making a purchase. Premiums may vary based on various factors at the time of purchase. Hence, it is essential to understand all the variables associated with the cost.

  • Add-ons:

    If your insurance provider offers add-on options, assess their value before making a purchase. As mentioned earlier, premiums may vary based on different factors. Hence, it is best to carefully evaluate the need for every add-on and its corresponding pricing.

  • Exclusion awareness:

    Familiarise yourself with the list of exclusions in the insurance policy for two-wheelers. This helps prevent potential claim issues in the future by ensuring you are aware of any situations not covered by the policy.

Why Should You Choose Online Bike Insurance Policies?

  • Getting bike insurance online lets you skip all the long queues at the bank and saves you valuable time and effort.

  • Online platforms very conveniently let you compare various bike insurance plans and their features effortlessly. This helps you acquire the best policy tailored to your needs.

  • Purchasing bike insurance online helps avoid the hassle of organising paperwork for the process. You can also access and download the insurance documents at your convenience from the comfort of your home or if needed urgently.

  • The online process also allows you to explore the wide range of add-ons and their features. This helps select add-ons that are genuinely essential and fit your preferences.

  • The process of purchasing bike insurance online is also conducted securely which ensures the confidentiality of your personal information.

Why Choose Tata AIG’s Two-Wheeler Insurance in Chandigarh?

  • With Tata AIG, you can experience a hassle-free buying and renewal process through the online portal. All you need to do is put in your details and secure the coverage you want in a few clicks.

  • With Tata AIG, you can enhance your comprehensive bike insurance with tailored add-ons for comprehensive 360-degree protection that safeguards both you and your vehicle.

  • With Tata AIG, you can benefit from the wide network of cashless repair services, which are covered under the comprehensive two-wheeler policy. This service ensures you receive swift assistance in times of need.

  • With Tata AIG, you can initiate your claim effortlessly by accessing the online claim procedure page. There, you can swiftly provide the required information and kickstart the process seamlessly.

  • Relying on a reputable insurance provider like Tata AIG that serves and satisfies customers will ensure you experience the decade-long unwavering commitment the company has towards earning and retaining your trust.

Key Features and Benefits of Tata AIG’s Bike Insurance in Chandigarh

Key Features and Benefits Details 
Savings on Premiums You can get up to 75% off on your two-wheeler premium payments. You can learn more about the discounts while you buy bike insurance online.
No Claim Bonus (NCB) Tata AIG offers a No Claim Bonus (NCB) discount if you have a claim-free year/s.
Easy Claims Process With a dedicated team of 650 claim experts, you experience a seamless claim process online with Tata AIG in a few easy steps.
Own Damage Cover for the Bike Tata AIG’s comprehensive two-wheeler policies provide a Own Damage Cover to your bike caused by accidents or natural or man-made disasters.
Third-party Damage Cover Our two-wheeler insurance policies cover third-party liabilities - third-party property damage and injuries/death to a third person.
Varied Add-ons You can choose from a wide range of add-ons that enhance your two-wheeler insurance policy to provide you with all-round protection.
High Claim Settlement Ratio With a 99% claim settlement ratio (FY 2022-2023), Tata AIG offers a high claim settlement ratio for your vehicle insurance claims.
Cashless Repair and Reimbursement With over 4000+ network garages all over the country, Tata AIG helps you avail of cashless service on your bike’s repairs.

Best Bike Insurance Add-Ons to Get in Chandigarh

  • Emergency Medical Expenses Coverage:

    You can ensure your peace of mind with reimbursement for emergency medical and ambulance expenses that may result from an unforeseen accident. This accident must be covered under your bike insurance policy.

  • Zero Depreciation Protection:

    You need not worry about depreciation deductions from your claim amount for bike part replacements or repairs with this add-on. You can receive reimbursement for the deducted depreciation amount.

  • Return to Invoice Guarantee:

    Safeguard your investment with the assurance of receiving either the invoice cost or the current market value of your bike in the case of theft or total damage.

  • Roadside Assistance Assurance:

    This add-on ensures you are prepared for unforeseen roadside emergencies with immediate assistance. This includes issues such as fuel shortages, dead batteries, or flat tyres, which ensures you are never stranded.

  • Consumable Expenses Coverage:

    Under this add-on all damages to your bike consumables that result from accidents are reimbursed.

How to Buy and Apply for Bike Insurance Renewal Chandigarh?

You can conveniently buy or renew your Tata AIG bike insurance policy by following these steps:**

How to Buy Bike insurance

  • Step 1: Navigate to the official website of Tata AIG

  • Step 2: Click on the “Bike Insurance” page.

  • Step 3: Fill in your required bike registration details

  • Step 4: Click on “Get Price” for policy details.

  • Step 5: The online bike insurance calculator will display your bike insurance policy price on the page that loads.

  • Step 6: Next, you will find IDVs on the screen; from these, you need to choose the IDV that is right for you.

  • Step 7: After that, you will be displayed your bike insurance premium details.

  • Step 8: Finally, you need to pay your premium amount from any given mode of payment. Once your payment is done successfully, you will receive soft copies of your insurance on the registered email ID.

How to renew Bike Insurance

  • Step 1: Navigate to the official website of Tata AIG

  • Step 2: Select the “Bike Insurance” page.

  • Step 3: Fill in your bike registration details

  • **Step 4:**Click on “Renew” to renew your existing insurance policy.

  • Step 5: Now, the online bike insurance calculator will display your policy price.

  • Step 6: Next, you can view IDVs on the screen and select the right IDV as per your requirement.

  • Step 7: You will be displayed your No Claim Bonus (NCB) value of the previous year.

  • Step 8: Next, your bike insurance premium amount will be displayed.

  • Step 9: Here, you need to pay your premium amount for bike insurance renewal. You can choose any given payment mode, and after successful payment, you will receive soft copies of your insurance documents.

How to File a Claim for Two-Wheeler Insurance in Chandigarh with Tata AIG

Reimbursement Bike Insurance Claims

  • Step 1: Contact the Tata AIG insurance executive after the incident (theft or accident) or visit the Claims Process page.

  • Step 2: Provide the executive with your policy details, vehicle information, and details of the incident. Alternatively, fill in the details required online through the “Claims Process” page.

  • Step 3: You can opt for self-inspection of the bike under the claims process. Moreover, our executive shall survey the damages incurred to your bike. You can then send it to your preferred garage.

  • Step 4: After your vehicle is repaired, provide the insurer with repair bills, policy documents, and a certificate of registration to file a reimbursement claim.

  • Step 5: Finally, the insurer will release the claim amounts after verifying all documents and certificates.

Cashless Bike Insurance Claims

  • Step 1: Connect immediately with Tata AIG insurance executive after a theft or accident.

  • Step 2: Register your claim within 48 hours of the incident by providing the insurer with policy details, vehicle registration information, and accident details.

  • Step 3: The insurance executive will then survey damages that occurred to your vehicle.

  • Step 4: Once the survey is completed, your vehicle will be sent to the network garage for repair. The insurer will then proceed with the claim settlement process and pay for expenses involving your insured bike.

Documents Needed for Bike Insurance Policy Claims in Chandigarh

  • All completed and signed claim documents

  • A self-attested vehicle registration certificate copy

  • Driving licence of the person driving the vehicle during an accident

  • Copy of bike insurance papers

  • The original receipt, bills, and invoice

  • The original invoice for the cashless claim settlement

Tata AIG Cashless Garages in Chandigarh

Tata AIG’s extensive network of cashless garages ensures that you receive seamless repair services for your Tata AIG insured bike. These garages offer professional repair solutions for your vehicle and provide the best care possible to ensure your bike receives the handling it needs.

Locating the nearest garage in the network is also convenient with the use of Tata AIG’s garage locator. All you need to do is provide your location details and information about your vehicle.

However, it is important to note that cashless repairs are available under comprehensive plans exclusively, and certain services may not be available in every city or location. Additionally, you can get detailed information regarding the garages and their services with the help of Tata AIG’s customer support service.

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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How can I find bike insurance near me?

How can I find bike insurance near me?


You can find bike insurance near you by simply going to our website and navigating to the Contact Us page. On the page, go to the ‘Tata AIG Branches’ section. Enter your city name (Chandigarh, in this case), and click on ‘Search’. You will get a list of the closest Tata AIG branches in Chandigarh. Simply drop by and let us help you buy the best bike insurance in Chandigarh for you.

What can I do if my bike insurance claim in Chandigarh gets rejected?


You can Contact Us to understand the reason for the denial and also provide additional information if required for possible reconsideration.