Bike Insurance in Kolkata

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Bike Insurance in Kolkata

Proudly known as the ‘Cultural Capital of India,’ Kolkata is renowned for its festivals, intellectual fervour, and rich history. From the colonial-era architecture of the Victoria Memorial to the bustling markets of New Market, every corner of the city echoes tales of its past.

In this hustle and bustle of Kolkata's population, the importance of two-wheeler insurance cannot be overstated.

Kolkata's traffic conditions pose various challenges and risks for bikers, making insurance coverage a necessity.

This blog aims to provide valuable information about the best bike insurance in Kolkata, outlining the procedures and benefits it entails.

All About Bike Insurance in Kolkata and Why You Need One

In accordance with the Motor Vehicles Act of 1988, all vehicle owners in India must possess a minimum of third-party insurance. Beyond third-party coverage, individuals have the option to choose comprehensive insurance or standalone damage cover.

Customisation of your bike insurance can be done under a comprehensive bike insurance policy by including add-ons such as no-claim bonus protection, emergency roadside assistance, zero depreciation, and others. This allows for a tailored approach to enhance the overall coverage of your two-wheeler insurance in Kolkata.

Comprehensive bike insurance policies play a pivotal role in safeguarding both riders and their vehicles from unforeseen risks. These policies offer financial protection against damages resulting from accidents, theft, natural calamities, and third-party liabilities.

EVs come with their own set of risks, including specialised components and potential battery-related issues. Insurance for EV bikes ensures coverage for damages unique to these vehicles, providing owners with the same level of financial security as traditional bike insurance.

Problems Faced by Bike Owners in Kolkata

Here are some of the predicaments faced by the bike owners in the context of Kolkata:

Hilly Terrain and Hairpin Bends: Navigating Kolkata's picturesque but challenging terrain strains bikers with steep inclines and hairpin bends. Frequent ascents and descents contribute to increased bike wear and tear, requiring efficient braking systems.

Monsoons and Heavy Rainfall: Kolkata's intense monsoons create challenges for bikers with waterlogged roads and reduced visibility. Constant rain exposure can lead to bike rusting, necessitating comprehensive insurance coverage for weather-related damages.

High Humidity and Salt Content: Kolkata's coastal humidity accelerates bike component corrosion, demanding regular maintenance. The salt content in coastal air increases the risk of rusting, emphasising the need for preventive measures and upkeep.

Tourist Influx: Kolkata attracts a large number of tourists throughout the year. Increased tourist traffic can lead to congestion on roads, especially in popular destinations, impacting the daily commute for local bike owners.

Limited Parking Spaces: In urban areas, the availability of parking spaces is often limited. Bike owners need help finding secure and designated parking areas, leading to concerns about theft or damage to their vehicles.

Tata AIG Bike Insurance in Kolkata

Tata AIG provides three categories of motorcycle insurance, each offering distinct features tailored to meet individual needs and preferences.

Tata AIG Third-Party Bike Insurance

Tata AIG Standalone Own Damage Cover Bike Insurance

Tata AIG Comprehensive Bike Insurance

Below are details of them:

Tata AIG Third-Party Bike Insurance

A third-party liability insurance policy is designed to offer protection against liabilities arising from incidents involving third parties. This encompasses responsibilities linked to injuries inflicted upon a third party, damage to the property of a third party, or the unfortunate demise of a third party caused by your vehicle. The primary purpose of this legal mandate is to ensure the protection of the relevant third party's interests in case of damages arising from an accident caused by the insured vehicle.

Inclusions of Insurance  Exclusions of Insurance
Property Damage Personal Injuries
Damages caused to a third-party property Driving Under the Influence
A Personal Accident Cover for the motorist and the bike Own Vehicle Damage
Legal Expenses Non-Accident-Related Damages
Third-party insurance specifically addresses liabilities involving third parties. It is advisable to explore Tata AIG's comprehensive insurance to maximise advantages and reinforce protection.

Tata AIG Standalone Own Damage Cover Bike Insurance Own damage bike insurance refers to a specific category of two-wheeler insurance that exclusively protects your insured vehicle in case of losses or damages. This coverage ensures compensation for incurred damages, providing financial assistance for repairing or replacing components of your two-wheeler. Specifically addressing repair needs resulting from accidents, own-damage bike insurance is essential. In situations where your bike suffers damage, third-party insurance does not cover repairs. However, with an own-damage cover, you can file claims for damages sustained by your two-wheeler during unforeseen events.

Inclusions of Insurance  Exclusions of Insurance
Damage Beyond Repair Drunk Riding Damages
Fire & Explosion Third-party Damages
Accidental Damages Mechanical/Electrical Breakdown
Man-made Damages Riding without a Licence
Outside Policy Terms
Suited for individuals seeking additional protection for their two-wheeler

Tata AIG Comprehensive Bike Insurance

A comprehensive motorcycle insurance policy offers extensive protection for your bike, covering a broad spectrum of potential damages. This includes safeguarding against accidental damages and losses arising from incidents like fire, theft, or total loss. Moreover, the policy extends coverage to damages caused by natural calamities, as well as human-made disasters like riots and acts of terrorism.

In addition to the mentioned coverage, this comprehensive motorcycle insurance policy ensures financial security for third-party liabilities. This encompasses coverage for injuries sustained by a third party and damages to their property or vehicle in the event of an accident involving the insured bike.

Notably, personal accident cover is also a component of a comprehensive bike insurance policy, protecting the policyholder in case of accidents. The inclusion of these features makes a comprehensive bike insurance policy a robust and holistic solution for mitigating various risks associated with owning and operating a motorcycle.

Inclusions of Insurance Exclusions of Insurance
Personal Accident Cover for Owner/Driver  Damage caused due to driver-owner negligence
Add-ons for Extensive Coverage Absence of add-on and covering specific damage
Damage caused to bike due to accident, fire, natural disasters, man-made causes, or theft Ordinary wear and tear due to usage
Third-party liability Damage caused due to driver/owner driving without wearing a helmet or valid licence
Ideal For People who want extensive insurance that provides extra protection.

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

Parameters  Third-Party Bike Insurance Standalone Own Damage Insurance Comprehensive Bike Insurance
Coverage Third-party bike insurance is an essential insurance offering legal and financial coverage for damages caused to a third party by your insured motorcycle. It exclusively addresses damages and losses sustained by the insured bike. Comprehensive bike insurance provides coverage for accidents and third-party liabilities and includes personal accident cover for the owner-driver.
Third-party Damage With this insurance, you receive financial and legal support for any liabilities involving third parties. It excludes coverage for third-party liabilities. Third-party liabilities involving the insured bike are covered.
Add-ons Third-party insurance does not include any add-ons. Additional features can be incorporated into this type of insurance. Distinctive add-ons can be incorporated into comprehensive insurance.
Which is a Better Insurance? Although it offers restricted coverage, third-party bike insurance is obligatory under the law.  It provides coverage exclusively to insured bikes and does not encompass additional features. Comprehensive bike insurance is comprehensive, offering overall protection.

What is the Two-Wheeler Insurance Rate in Kolkata?

Several factors affect the rate of best bike insurance policies (especially comprehensive policies); some of these include

IDV of Bike: The Insured Declared Value (IDV) serves as a determining factor, representing the maximum amount the insurance company can disburse in cases of total loss, irreparable damages, or theft of the bike.

Model of Bike: The make and model of your bike significantly impacts insurance premiums, with higher-end models exposed to higher rates than their lower or medium-ranged counterparts.

No Claim Bonus: In comprehensive bike insurance, accumulating a No Claim Bonus (NCB) serves as a reward for zero claims in a specific year, resulting in a discount on the insurance premium amount.

Location: Location plays a pivotal role, with low-risk, rural, or small towns generally experiencing lower two-wheeler insurance rates in Kolkata, as opposed to metropolitan areas or locations susceptible to theft and accidents.

Add-ons: Comprehensive policies provide the option of add-ons for an extra cost, offering significant benefits and additional protection against unforeseen risks; however, careful consideration of pricing is essential.

Third-Party Bike Insurance Premium Rates

The premium calculation for your third-party insurance policy relies on factors such as the cubic capacity (cc) of the vehicle engine, along with several other considerations.

Moreover, the rates for third-party bike insurance premiums usually exhibit uniformity among providers, as they are established based on the annual rates declared by the Insurance Regulatory and Development Authority of India (IRDAI).

Given the potential for fluctuations in the two-wheeler insurance rate in Kolkata, it is advisable to verify the prevailing rates before making any decisions. This precautionary measure ensures that you have up-to-date information on the premium costs, allowing you to make well-informed choices regarding your insurance coverage.

Regularly checking and confirming the rates can help you stay aware of any adjustments, contributing to a deeper understanding of the finances associated with your third-party bike insurance policy.

How to Choose the Best Bike Insurance in Kolkata?

Choosing the best bike insurance involves careful consideration of various factors. Here's a guide to help you make an informed decision:

Claim Settlement Ratio: Consider insurer's claim settlement ratio, reflecting the percentage of claims settled against those filed. A higher ratio indicates a reliable and efficient claims process.

Premium Costs: Compare premium rates from different insurers. While affordability is necessary, ensure the coverage meets your needs. Look for discounts and no-claim bonuses, and consider voluntary deductibles to lower premium costs.

Coverage Needs: Assess your coverage requirements, considering factors like the make and model of your bike, usage patterns, and potential risks. Determine whether third-party liability coverage or comprehensive insurance is more suitable.

Add-Ons: Evaluate additional benefits offered through add-ons or riders. Standard options include zero depreciation, roadside assistance, and personal accident cover. Choose add-ons that enhance your coverage based on your requirements.

Renewal Process: Evaluate the ease of processing bike insurance renewal in Kolkata. Opt for insurers offering online renewal options, making it convenient for you to extend your coverage without hassle.

Why Should You Choose Online Bike Insurance Policies?

Choosing online bike insurance policies offers several advantages, making it a convenient and efficient option. Here are compelling reasons to opt for online bike insurance:

Buy the Best Policy: With the facility of buying insurance online, you can compare bike insurance plans and features in a few clicks and buy the best bike insurance for your requirements.

Paperless Transactions: Opting for online insurance eliminates the need for paperwork. You can complete the entire process digitally, reducing environmental impact and streamlining administrative tasks.

Add-On Customisation: Many online platforms allow you to customise your policy with add-ons such as zero depreciation, roadside assistance, or personal accident cover. This flexibility ensures that your policy aligns with your specific needs.

Cost Savings: Online bike insurance policies often come with lower premiums compared to traditional offline options. Insurers may offer discounts for online purchases, resulting in cost savings for the policyholder.

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

Tata AIG recognises the significance of bike insurance in ensuring the security and peace of mind of bike owners. Our commitment to providing exceptional services and features sets us apart. Here's why opting for Tata AIG two-wheeler insurance is a prudent choice:

Claim Process: Initiate your claim effortlessly by visiting our dedicated online claim procedure page. Provide the necessary details, and our straightforward claim process ensures a quick and efficient resolution to your insurance claims.

Personalised coverage with add-ons: Enhance your comprehensive bike insurance with our range of add-ons, offering 360-degree protection for both you and your vehicle. Tailor your policy by including unique add-ons that go beyond standard coverage.

Cashless Repairs: Benefit from cashless repairs for damages covered under our comprehensive insurance at our extensive network of garages. Avail the convenience of hassle-free and efficient repairs without the need for upfront payments.

Effortless Purchase and Renewal: Easily acquire and renew your bike insurance policy through our user-friendly online facility. Simply furnish your essential information, and within a few clicks, you can secure or renew your insurance, ensuring a hassle-free experience.

Trust with Tata AIG: Tata AIG has upheld a steadfast commitment to its customers for over 20 years. Our legacy of reliability and customer satisfaction reflects our dedication to delivering exceptional insurance services and building trust over the years.

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

Key Features and Benefits Details 
Easy Claim Process Experience seamless claim procedures with the help of dedicated claim experts.
Save on Premiums Bike owners can get the benefit of saving up to 75% on their insurance premiums by buying a policy online. Learn more about it before purchase.
No Claim Bonus (NCB) Tata AIG offers NCB discounts starting at 20% on your bike insurance premiums for claim-free the previous year.
Own Damage Cover for Bike The comprehensive two-wheeler insurance provides its own damage cover for the damages caused to the bike due to an accident.
High Claim Settlement Ratio Tata AIG has a high claim settlement ratio (99% for FY 2022-23)for its bike insurance.
Third-Party Damage Cover Tata AIG protects from damages caused to third-party property or persons.
Cashless Repairs and Reimbursement  Tata AIG provides cashless repairs for bike damages from any of its 4000+ network garages across India.
Beneficial Add-ons Choose from our 8 unique add-ons for your bike insurance for extra protection.

Best Bike Insurance Add-Ons to Get in Kolkata

Consumables Expenses: Reimburses costs for replacing, replenishing, or repairing specific bike consumables damaged or lost in accidents.

Additional Personal Accident Cover for the Motorist: Offers extra protection with a predetermined payout of severe injuries or fatalities caused to the owner-rider resulting from an accident.

Emergency Medical Expenses: Provides reimbursement for emergency medical expenses and ambulance costs due to accident-related injuries.

Depreciation Allowance: Mitigates the impact of depreciation, reimbursing deducted amounts from bike parts replacement claims.

Additional Third-Party Property Damage Cover: Secures additional reimbursement for third-party property damage. Provides extra coverage for third-party liabilities beyond standard comprehensive and third-party insurance.

Return-to-Invoice Cover: Ensures reimbursement of the bike's invoice cost in case of theft or total damage. Reimburses the purchase cost, inclusive of road taxes and registration.

Roadside Assistance: Offers immediate breakdown assistance for various issues during bike rides. On-the-spot repairs are available under specific circumstances for a swift journey resumption.

How to Buy and Apply for Bike Insurance Renewal in Kolkata?

You can easily buy and/or renew your bike insurance policy online by following these simple steps:

How to Buy Bike insurance

Step 01: Navigate to Tata AIG's official website and access the "Bike Insurance" page.

Step 02: Enter your bike registration details and click "Get Price" for policy information.

Step 03: The online two-wheeler insurance premium calculator will then present your policy price. Choose the suitable IDV from the displayed options.

Step 04: Subsequently, view your bike insurance premium details

Step 05: Complete the payment using any provided mode, and upon successful payment, receive soft copies of your insurance on the registered email ID.

**How to Renew Bike Insurance

Step 01: Go to the official Tata AIG website and access the “Bike Insurance” page.

Step 02: Enter your bike registration details and click “Renew” to renew your existing insurance policy.

Step 03: The online two-wheeler insurance premium calculator will then showcase your policy price.

Step 04: Review the IDVs on the screen and select the appropriate IDV based on your needs.

Step 05: View the No Claim Bonus (NCB) value from the previous year.

Step 06: Your bike insurance premium amount will be displayed on screen.

Step 07: For the final step, make the payment for your bike insurance renewal in Kolkata using any provided payment mode. After a successful transaction, soft copies of your insurance documents will be sent out to your registered email.

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

Reimbursement Bike Insurance Claims

Step 01: Reach out to a Tata AIG insurance representative following an incident (theft or accident) or visit the Claims Process page.

Step 02: Share your policy details, vehicle information, and incident details with the representative. Alternatively, complete the required details online through the "Claims Process" page.

Step 03: Choose between a self-inspection option or have our executive assess the damages to your bike. Subsequently, send the vehicle to your preferred garage.

Step 04: After the repair, submit repair bills, policy documents, and the certificate of registration to the insurer for a reimbursement claim.

Step 05: Upon verification of all documents and certificates, the insurer will release the claim amounts.

Cashless Bike Insurance Claims

Step 01: Promptly contact a Tata AIG insurance representative following a theft or accident.

Step 02: Register your claim within 48 hours of the incident by furnishing the insurer with policy details, vehicle registration information, and accident particulars.

Step 03: The insurance representative will assess the damages sustained by your vehicle.

Step 04: Following the assessment, your vehicle will be directed to a network garage for repairs. The insurer will then initiate the claim settlement process and cover expenses related to your insured bike.

Documents Needed for Bike Insurance Policy Claims in Kolkata

Duly filled and signed claim documents

Self-attested copy of vehicle registration certificate

Driving licence of the individual riding the bike 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 Kolkata

Tata AIG's network of cashless garages encompasses a wide array of affiliated garages. These garages offer cashless repair services for Tata AIG vehicle insurance policyholders, providing professional handling and comprehensive damage repairs. To find the nearest network garage in your city, you can use the garage locator by providing your city details and vehicle information.

It's essential to note that cashless repairs are applicable only under comprehensive insurance plans. Additionally, certain services may only be available in some cities. For more detailed information or assistance, you can reach out to Tata AIG's customer support service, ensuring you have comprehensive insights into the services offered and the availability of cashless repairs in your specific location

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

How can I find bike insurance near me?

How can I find bike insurance near me?


To find bike insurance near you, use online platforms or contact local insurance agents for options available in your vicinity

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


If your bike insurance claim in Kolkata is rejected, review the rejection reasons, rectify any discrepancies, and reapply. If issues persist, consult with the insurance company to understand the denial reason and explore possible solutions.

How can I save on bike insurance premiums?


Save on bike insurance premiums by maintaining a good driving record, choosing a higher voluntary deductible, opting for a No-Claim Bonus, and comparing quotes from different insurers to find the best deal.