Bike Insurance in Gurgaon

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Bike Insurance in Gurgaon

With a rise in urbanisation nationwide, Haryana too has been introducing better infrastructure for better intercity and interstate commutes. However, with increasing high-speed expressways now open for commuting, there has been a significant increase in the number of bike accidents in the city.

Driving on high-speed expressways for two-wheelers can be dangerous, mainly since such roads are also frequented by larger transport vehicles that can miss the bikes driving in their blind spots on the roads.

In all such situations, having comprehensive two-wheeler insurance is paramount. Understandably, deciding on bike insurance in Gurgaon can be a daunting task without the correct information regarding the process or the two-wheeler insurance rate in Gurgaon.

All About Bike Insurance in Gurgaon and Why You Need One

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.

Problems Faced by Bike Owners in Gurgaon

  • 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.

Tata AIG Bike Insurance Gurgaon

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:

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

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:

Inclusions Accidental Damages
Inclusions Fire and Explosion
Inclusions Man-made Damages
Inclusions Theft or Malicious Acts
Inclusions Damage Beyond Repair
Exclusions Third-party Damages
Exclusions Drunk Riding Damages
Exclusions Without Licence Driving/Riding
Exclusions Mechanical/ Electrical Breakdown

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

Inclusions Accidental Damages
Inclusions Fire and Explosion
Inclusions Man-made Damages
Inclusions Theft or Malicious Acts
Inclusions Damage Beyond Repair
Inclusions Personal Accident Cover for Owner/Driver 
Inclusions Third-party Liability
Inclusions Add-ons for Extensive Coverage
Exclusions Ordinary Wear and Tear Due to Usage
Exclusions Damage Caused Due to Driver/Owner Negligence
Exclusions Damage Caused Due to Driver/Owner Driving Without Wearing a Helmet 
Exclusions Damage Caused Due to Driver/Owner Driving Without a Valid Licence
Exclusions Absence of an Add-on and Covering Specific Damage

Best Bike Insurance in Gurgaon: Third-Party Vs Standalone Own Damage vs Comprehensive Bike Insurance

What is the Two-Wheeler Insurance Rate in Gurgaon?

The two-wheeler insurance rate in Gurgaon is dependent on several factors, which are:

Age of the Bike: The age of the bike directly affects its market value, which in turn influences its premium rates. Older bikes with depreciated values incur lower premiums than newer models.

Coverage and Policy Type: The choice between a standard third-party policy and comprehensive bike insurance significantly impacts the premium rates. Standard policies often provide limited convergence at lower premiums.

However, comprehensive plans, on the other hand, offer extensive coverage against various uncertainties at higher costs.

Engine Type: The cubic capacity of the bike’s engine directly influences the premium rates. Bikes with higher engine capacities typically entail higher premiums due to increased associated risks with powerful vehicles.

Geographical Location: The location where the bike is primarily used plays a crucial role in determining premiums. Areas with higher risks of accidents or theft, such as the urban settings in Gurgaon, generally incur higher premiums compared to low-risk areas.

Third-party Bike Insurance Policy Premium Rates

The cost of third-party bike insurance policies is influenced by various factors. These include the engine capacity of your bike, its age, eligibility for a No-Claim Bonus, and other pertinent considerations. These rates adhere to guidelines established by the Insurance Regulatory and Development Authority of India on an annual basis.

How to Choose the Best Bike Insurance Policy in Gurgaon?

Assess your coverage needs: Understand your specific coverage requirements based on factors like your usage, budget, and existing liabilities. Decide between the type of bike insurance you need and the available add-ons that you might require. Read through policy details and coverage well to avoid overlapping add-ons.

Consider your bike’s cubic capacity: Your bike's cubic capacity directly impacts the induced premium. Higher cubic capacity bikes attract higher premiums; hence, it is essential to choose coverage accordingly.

Understand IDV: IDV, or the Insurance Declared Value, represents the current market value of your bike. Knowing IDV helps you understand the differences in premium rates and ensure adequate coverage.

Explore additional add-ons: Look for add-ons that enhance your insurance coverage, such as zero depreciation, towing cover, or personal accident for pillion riders.

Select a reputable insurance provider: Opt for a trustworthy insurance provider like Tata AIG with a good claim record. Tata AIG has a high claim settlement ratio and is known to handle claims efficiently, giving you a hassle-free experience.

Compare bike insurance plans online: Use tools like Tata AIG’s free bike insurance premium calculator to compare various packages available on the market. Compare aspects like coverage, cost, inclusions, and exclusions, along with costume reviews, for informed decision-making.

Why Should You Choose Online Bike Insurance Policies?

Buying bike insurance policies online offers numerous advantages that also enhance your customer experience as a whole. Here are some of the prominent advantages of purchasing a bike insurance policy online:

  • Online insurance purchases require minimal or no paperwork. You need not fill out tedious forms and submit documents, as the streamlined processes ensure quick and hassle-free purchases.

  • After a policy purchase, the policy documents are also delivered digitally via mail. This ensures convenient access to your documents and eliminates the need for physical copies.

  • Purchasing bike insurance online eliminates the need for commutes, queues and discussions with agents, which helps save valuable time. You can easily select a policy, make the payment and have the insurance issued conveniently from wherever you are.

  • Online platforms also help compare different insurance packages easily which enables you to assess reviews, policy details and feedback before you make a final decision.

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

  • Tata AIG’s bike insurance policies offer extensive protection for your bike against an array of risks, including theft, third-party liabilities, and personal accident cover.

  • Tata AIG has an impressive claim settlement ratio, with 99% of claims settled in the financial year 2022-2023. This figure is indicative of the successful streamlined claims processes, ensuring you will receive the settlement you deserve.

  • You can tailor your two-wheeler insurance with eight unique add-on covers, like roadside assistance, to ensure your policy protects against various situations and damages.

  • Tata AIG has an extensive network of garages across India, where your bike will be cared for by trained professionals who will provide you with the best service for your vehicle.

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

Parameters  Comprehensive Third-party  Standalone Own Damage 
 Bike Insurance Policy Bike Insurance Policy Bike Insurance Policy
Coverage Offers extensive coverage which includes protection for third-party liabilities, damages to your bike and also for any medical expenses incurred due to injuries to you during an accident.  Provides financial protection, however it is only limited to third-party liabilities.  It offers coverage specifically for bike damages caused by road accidents, natural disasters, fire, or theft.
Purpose It offers comprehensive protection for both you and your bike while addressing the wide range of risks and uncertainties associated with road travel.  It is a legal requirement and ensures compliance with regulations. It focuses on safeguarding your bike’s physical integrity and providing financial reimbursement for repair or replacement costs. 
Add-ons It includes unique add-ons to enhance your insurance coverage further. It does not provide options for add-ons.  It offers a variety of add-ons to tailor your protection based on your financial objectives.
Ideal for? It is ideal for individuals seeking complete peace of mind and comprehensive protection for themselves and their bikes against all potential risks and uncertainties. It is ideal for individuals seeking basic coverage to meet legal obligations without extensive protection for their bike.  It is ideal for individuals who prioritise comprehensive coverage for their own vehicles’ damages while accepting responsibility for third-party liabilities separately.  
Key Features and Benefits Details 
Cashless Repair and Reimbursement With over 4,200 network garages nationwide, Tata AIG offers cashless service for bike repairs.
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.
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.
No Claim Bonus (NCB) Tata AIG offers a No Claim Bonus (NCB) discount if you have a claim-free year/s.
Own Damage Cover for the Bike Tata AIG’s comprehensive and own-damage two-wheeler policies provide an Own Damage Cover to your bike caused by accidents or natural or man-made disasters.
Savings on Premiums Up to 75% off your two-wheeler premium payments are available. Learn more about the discounts when you buy bike insurance online.
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-around protection.

Best Bike Insurance Add-Ons to Get in Gurgaon

No. Add-ons Description
1 Additional Personal Accident Cover for the owner-driver It is an add-on that provides an extra predetermined sum in the case of loss of life of the owner/driver resulting from a road accident. It offers supplementary financial assistance alongside the existing death benefit under Tata AIG’s comprehensive bike insurance policy.
2 Additional Third-Party Damage Cover With this add-on you can expand your protection against third-party damages and legal responsibilities, in turn strengthening your financial security beyond the standard coverage provided in both standalone and comprehensive bike insurance policy packages.
3 Consumables Expenses This add-on covers the expenses incurred for replacing or repairing consumable items like screws, nuts, oil, and grease that are damaged in accidents. It enhances the scope of coverage provided by Tata AIG’s comprehensive bike insurance policy.
4 Emergency Medical Expenses This add-on reimburses medical and transportation expenses arising from injuries sustained in accidents for both you and any pillion riders. It offers additional financial protection under Tata AIG’s comprehensive bike insurance policy.
5 Return-to-Invoice Cover With this add-on you have the benefit of receiving the full invoice cost of your bike in the event of theft or complete damage. This coverage extends to include road tax and registration fees, which enhances your financial protection under Tata AIG’s comprehensive bike insurance policy.
6 Roadside Assistance With this add-on, you gain immediate access to roadside assistance for breakdowns, repairs, fuel replacement, battery services, and other on-spot repairs. All that is required is a quick call on 1800-266-7780 for prompt assistance whenever needed.  
7 Zero depreciation This add-on guarantees full claim settlement without any depreciation deduction on bike components for the first two claims. It is applicable to both Tata AIG’s comprehensive and standalone own damage bike insurance policies.

How to Buy and Apply for Bike Insurance Renewal Gurgaon?

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.

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

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.

Documents Needed for Bike Insurance Policy Claims in Gurgaon

  • 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.

Tata AIG Cashless Garages in Gurgaon

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.

Disclaimer / TnC

Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.

Related Articles

What is the quickest way to find a garage that is covered under my bike insurance near me?

What is the quickest way to find a garage that is covered under my bike insurance near me?

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The quickest and most convenient way to find a Tata AIG cashless garage is to use our free garage locator, which is available on the official Tata AIG website.

What kind of damages are excluded from a bike insurance policy?

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Exclusions of a bike insurance policy often depend upon the type of bike insurance you have applied for. Still, a common exclusion is the damages sustained due to the negligent driving practices of the driver. For example, driving under the influence of alcohol.

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