Bike Insurance in Gurgaon

Although acquiring third-party bike insurance in Gurgaon is mandatory by law, just like all other cities in India, you should invest in a bike insurance policy for more than just legal compliance.

Bike insurance policies play a vital role in shielding you and your bike from damages and offer financial protection against unforeseen incidents like road accidents, theft or even natural disasters. They provide financial stability during challenging situations and ensure you are not burdened with hefty repair or replacement expenses.

Investing in the best bike insurance for your two-wheeler can help maintain financial stability even when dealing with issues that most bikers have to deal with regularly.

• The theft of two-wheelers is unfortunately persistent in Gurgaon. The occurrence of bike theft is so common that it is one of the most reported crimes in the city. Despite various efforts from the police, it has been a persistent problem that causes financial losses to the bike owners in the city.

• Heavy traffic during peak hours is another unavoidable issue that bike owners face every day. Not only does this almost double their commute time, but it also causes an increase in the amount of fuel required per month.

• With the introduction of expressways like NH-8, there has been a concerning rise to reckless and high-speed driving in the city. With fatal hit-and-run crashes occurring in recent times, the graveness of the matter has been more evident than ever.

• A notable catalyst for most rush-hour congestion has been the frequent illegal parking in the city. Instances of double parking or parking in improper spaces have led to a rise in safety concerns for parked vehicles as well as those on the road.

With bike thefts and driving practices posing a significant danger to bike riders, investing in bike insurance is of utmost importance. With Tata AIG’s various bike insurance packages, you can choose an insurance policy that aligns with your insurance needs.

From standard third-party insurance to comprehensive plans and add-ons that enhance protection, here are types of bike insurance policies you can choose from:

Tata AIG’s Third-party Bike Insurance Policy

Tata AIG’s third-party bike insurance policy not only fulfils legal obligations but also provides financial protection from having to deal with third-party damages. It covers bodily injury or even loss of life to third parties in case of an accident. It ensures that legal and moral obligations are met while safeguarding your financial stability.

Moreover, the policy offers the option to enhance coverage with personal accident cover, which provides financial protection for injury or disabilities resulting from accidents. However, despite this add-on, it may fall short of providing comprehensive protection, especially in events like theft. Here are more details on its inclusions and exclusions:

Tata AIG’s Standalone Own Damage Cover Bike Insurance Policy

Tata AIG’s standalone own damage cover bike insurance policy provides essential financial security against damages and losses incurred by your vehicle. It protects your bike from various unforeseen incidents, including road accidents, natural calamities, and even theft.

Unlike the third-party insurance that covers only damages incurred by third-party vehicles or individuals, this policy focuses on safeguarding you and your bike. Here are more details on its inclusions and exclusions:

Tata AIG’s Comprehensive Bike Insurance Policy

Tata AIG’s comprehensive two-wheeler insurance policy offers extensive coverage along with a wide range of benefits for you and your precious bike. This policy not only provides coverage for third-party liabilities but also for damages incurred by various incidents like road accidents, theft, fire and so on.

Moreover, with a generous cover of ₹15 lakhs, which includes medical expenses for your injuries, this policy acts as a vital safety net for access to critical health care during challenging times. Here are more details on its inclusions and exclusions

You can easily buy or renew your bike insurance online with the help of Tata AIG’s user-friendly website. Simply follow the Steps below:

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, your bike insurance premium details will be displayed on the screen.

Step 8: Finally, you need to pay your premium amount using any given mode of payment. Once your payment is successful, 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 one according to your requirements.

Step 7: You will be able to see 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.

Reimbursement Bike Insurance Policy 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: Under the claims process, you can opt for self-inspection of the bike. Our executive will 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 Policy 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.

• All completed and signed claim documents.

• A self-attested copy of your vehicle registration certificate.

• Driving licence of the person driving the vehicle at the time of the accident.

• Copy of bike insurance policy papers.

• The original receipt, bills, and invoice.

• The original invoice for the cashless claim settlement.

With over 4,200 cashless garages nationwide, Tata AIG offers seamless repair services for your precious vehicle. These network garages provide professional repair solutions and care for your vehicle in times of need, wherever you are.

These network garages are equipped with trained professionals, and you can rest assured that your two-wheeler will receive the best possible care without you having to worry about the financial repercussions of the replacement or repair costs.

Moreover, with cashless repairs, Tata AIG handles the expense settlement directly on your behalf. This allows you to focus solely on your bike's well-being without the added stress of filing for reimbursements during stressful situations.