Bike Insurance in Mysore

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Bike Insurance in Mysore

Mysore is a city in Karnataka which has a large number of cars and bikes. With increase in traffic, road accidents and related incidents in the city have also significantly increased.

As per the regional transport authority, all vehicle owners in Mysore need to have motor insurance. Driving without basic two-wheeler insurance can invite fines and penalties from the authorities. In this guide, we will delve deeper into the best bike insurance in Mysore.

All About Bike Insurance in Mysore and Why You Need One

Bike insurance is an agreement between vehicle owners and insurance companies. The bike insurance policy protects vehicles from various kinds of damages as per the policy condition. And in return the policyholder pays a premium to the insurance company.

The policy safeguards the vehicle from damages and provides financial assistance to policyholders.

Due to varied reasons such as poor road conditions, road rash incidents and more in the city, having bike insurance in Mysore is crucial. There are different kinds of bike insurance policies available, such as third-party, own-damage and comprehensive bike insurance policies.

Due to increased demand for electric vehicles on the road, insurance providers also offer two-wheeler insurance for electric bikes.

Problems Faced by Bike Owners in Mysore

Some of the common problems faced by the bike owners in Mysore are:

Poor Road Condition: The prevalent problem bike owners face in Mysore is the poor road infrastructure. The condition of the road, such as potholes, etc., affects the vehicle condition.

Road Accidents: Another significant problem faced by vehicle owners in Mysore is road accident incidents. Many unskilled drivers or drivers under the influence of alcohol cause road accidents.

Traffic Rules Violations: Traffic rules violations are common in Mysore. Generally, people take traffic rules lightly and violate the rules while riding, which creates a disturbance.

Vehicle Skidding: During the monsoon season, vehicle skidding is also a common problem in Mysore. This not only causes injury to the rider but also damages the vehicle.

Tata AIG Bike Insurance in Mysore

Depending on the varied needs of riders, Tata AIG offers three kinds of bike insurance plans in Mysore. Below we are highlighting all three Tata AIG bike insurance plans in Mysore. Tata AIG Third-Party Bike Insurance The third-party bike insurance policy offered by Tata AIG provides coverage against damage caused to third party individuals or property by the insured vehicle. The insurance policy is mandatory as per the Motor Vehicles Act. The plan also provides coverage against legal liabilities arising due to accidents. Key Inclusions and Exclusions:

Third-Party Inclusions Third-Party Exclusions
Property damage Add-ons or Riders
Liability Own Damage Cover
Legal Expenses Fire or Theft to Vehicle
Personal Injury to Rider

Ideal For: It is ideal for individuals who only need basic coverage and those who use their two-wheeler rarely. Tata AIG Standalone Own Damage Cover Bike Insurance Tata AIG's own damage cover policy protects two-wheelers from any damage and loss to insured vehicles. The policy covers the insured vehicle expenses that arise due to accidents or damage. Key Inclusions and Exclusions:

Own Damage Inclusions Own Damage Exclusions
Natural Damages Third-Party Liability
Accidental Damages Riding Without a Driving Licence
Man Made Damages Driving Under the Influence of Intoxicating Substance.
Theft Geographical Restrictions

Ideal For: The bike insurance policy is ideal for individuals living in accident-prone areas. Tata AIG Comprehensive Bike Insurance The comprehensive bike insurance policy offered by Tata AIG provides a wide range of coverage against natural and man-made damages to vehicles. It also provides coverage for third-party liability and own damage. Key Inclusions and Exclusions:

Comprehensive Bike Insurance Inclusions Comprehensive Bike Insurance Exclusions
Personal Accident Cover Ordinary Wear and Tear
Natural Disaster Damages Riding Without a Driving Licence
Man-made Disaster Damages Driving Under the Influence of Intoxicating Substance.
Add-ons or Riders Geographical Restrictions

Ideal For: The comprehensive bike insurance policy is ideal for bike owners who need enhanced protection in Mysore.

Best Bike Insurance in Mysore: Comprehensive Vs Third-Party Vs Standalone Own Damage Two- Wheeler Insurance

Third-Party Two-wheeler Insurance Standalone Own Damage Two-wheeler Insurance Comprehensive Two-wheeler Insurance
Coverage The bike insurance policy only provides coverage for third-party damages and property. This bike insurance policy provides coverage for insured vehicle damage and losses. The comprehensive two-wheeler insurance provides coverage against various vehicle damages and losses.
Add-Ons Availability Not Available Add-ons are available. Add-ons are available.
Legal Compliance Yes No No
Premium Low Moderate High

What is the Two-Wheeler Insurance Rate in Mysore?

The two-wheeler insurance rate in Mysore is affected by several factors, which are listed below:

Make and Model of Bike: The make and model of the bike affects the insurance premium. High-end and luxury bikes with expensive components generally have a higher insurance premium compared to a regular two-wheeler.

Insured Declared Value: Understanding the IDV in bike insurance is also crucial. The insured declared value of the bike is the maximum amount an insurance company will pay in case of damage beyond repair or total loss. The higher the IDV, the higher will be the premium.

Policy Type and Add-ons: Another aspect which affects the bike insurance policy premium is the type of policy or add-ons included. A comprehensive bike insurance policy with add-ons generally has a high premium compared to third-party bike insurance.

No Claim Bonus: NCB or no claim bonus is a type of discount offered by an insurance company which helps in reducing the policy premium. Policyholders who do not raise a claim for consecutive years get a discount on the bike insurance policy premium under NCB.

Engine Capacity: Engine capacity also affects the bike insurance premium. High-end vehicles generally have a higher engine capacity. Due to this, the bike insurance premium is also higher.

Third-Party Bike Insurance Premium Rates

The premium of a third-party bike insurance policy is calculated considering the engine's cubic capacity, geographical location and other factors. This insurance policy premium is generally consistent since it is set by the Insurance Regulatory and Development Authority of India (IRDAI). However, the premium rates change periodically by the IRDAI.

How to Choose the Best Bike Insurance Policy in Mysore?

Some of the pointers should be kept in mind while choosing the best bike insurance in Mysore.

Coverage: One of the aspects of choosing the best bike insurance in Mysore is policy coverage. Different types of bike policies come with different coverage; choose the plan that fits your requirements. It is crucial to look at the policy coverage thoroughly before making a purchase decision. If possible, compare different plans and then decide.

Add-ons: Add-ons or riders are voluntary offers to enhance vehicle protection. These are additional coverage offered based on the different vehicle owner needs. Having add-ons with a bike insurance policy offers extensive coverage. It is best to look for insurance providers that have a unique set of add-ons.

Claim Settlement Ratio: Another factor to consider while choosing the best bike insurance is the claim settlement ratio. An insurance provider with a high claim settlement ratio means a smooth claim process.

Premiums: While choosing the bike insurance policy, check for the policy premium as well. Generally, the bike insurance calculator is available on the website; use it to calculate the insurance plan premium.

Exclusions: It is crucial to know the policy exclusion as well before choosing a bike insurance policy. It will help you understand what the policy does not include.

Why Should You Choose Online Bike Insurance Policies?

When you search for ‘bike insurance near me’ in Mysore, there are two options through which you can buy a four-wheeler insurance. Bike insurance policy can be purchased offline, but buying a bike insurance policy online offers several advantages such as:

Paperless Process: Individuals can purchase a policy online digitally in just a few minutes.

Convenience: Another advantage of purchasing a bike insurance policy online is convenience. Individuals can purchase a policy online in the comfort of their homes. Individuals have the flexibility to compare plans based on coverage before purchasing.

Cost Effective: Another advantage of buying a bike insurance policy online is the cost effective plans. The insurance provider offers a hefty discount, and the premium price is very competitive.

Time-Saving: Buying a bike insurance policy online is time-saving. Within just a few minutes, individuals can buy policies online.

Why Choose Tata AIG's Two-Wheeler Insurance in Mysore?

Deciding which bike insurance policy to buy certainly takes a lot of time and research. However, one thing that helps individuals in choosing the best bike insurance policy is the reputable brand. Tata AIG is one such insurance provider that has been in the market for over 20 years. Some of the reasons to choose Tata AIG's bike insurance in Mysore:

Comprehensive Coverage: The comprehensive bike insurance plan offered by Tata AIG provides extensive coverage to vehicles against various natural and man-made disasters. Further, with add-on benefits, individuals can enhance the two-wheeler protection.

High Claim Settlement Ratio: Another reason for choosing Tata AIG's bike insurance policy is the company's high settlement ratio. We have a claim settlement ratio of 99% in the financial year.

Wide Network of Garages: To offer cashless claim service to our policyholders we have a network of 7500+ garages all across the country.

Customisation Flexibility: We allow individuals to create a custom-made plan based on their needs.

Easy Claim Process: We have a team of 650+ claim experts that assist policyholders at the time of claim process.

Key Features and Benefits of Tata AIG's Bike Insurance in Mysore

Key Features and Benefits Details
Coverage Tata AIG offers extensive coverage to policyholders against various natural and man-made risks such as flood, fire, etc.
Add-ons Tata AIG offers a unique set of add-ons such as roadside assistance, zero depreciation cover, and more.
Easy Claim Procedure We have a team of 650+ claim experts to offer easy and hassle-free claim procedures.
Network Garages At Tata AIG, we have a tie-up with 7500+ network garages all across the country to offer cashless repair services to policyholders.
No Claim Bonus With our no-claim bonus discount, policyholders can save a lot of insurance premiums if they haven't made any claims for consecutive years.
Lower Premiums We offer lower premiums with vast coverage compared to any other insurance company. Visit the website to learn more about bike insurance plans.

Best Bike Insurance Add-Ons to Get in Mysore

Roadside Assistance: This is the add-on that offers roadside assistance to policyholders in case of any emergency, such as fuel requirement, dead battery and more.

Depreciation Allowance: This, also known as zero depreciation cover, ensures that at the time of filing for claim for the replacement or repair part of the vehicle, the depreciation amount is not deducted. The add-on helps in preserving the value of the bike.

Emergency Medical Expenses: This is another add-on of Tata AIG that offers emergency medical services such as hospitalisation, ambulance costs and more at the time of accidents.

Return-to-Invoice Cover: This is another add-on offered by Tata AIG which helps in recovering the actual cost of the bike in case of total loss or damage. With this add-on, policyholders will get the actual bike price.

How to Buy and Apply for Bike Insurance Renewals in Mysore?

It is easy to buy and renew bike insurance from the Tata AIG website. Both the procedures are listed below.

How to Buy New Bike Insurance in Mysore?

Step 1: To buy bike insurance, visit the Tata AIG website.

Step 2: Head to the "All Product" section.

Step 3: Under the "Motor Insurance" category, select the "Bike Insurance" option.

Step 4: Next, enter the bike registration number and then click on the "Get Price" button.

Step 5: The policy price will appear. Next, select the IDV from the options.

Step 6: Add the add-ons to the selected policy if required.

Step 7: Next, review the policy premium details after selecting the policy.

Step 8: Fill out the necessary details and upload documents for policy purchase.

Step 9: Next, you need to pay the bike insurance policy price.

Step 10: After a successful payment, the bike insurance policy will be sent to the registered email address.

How to Do Bike Insurance Renewal in Mysore?

Step 1: To do a bike insurance renewal, go to the official Tata AIG website.

Step 2: Next, hover to the "All Products" section.

Step 3: Select the "Motor Insurance "option and then scroll down to the "bike Insurance" section.

Step 4: Next, add the bike registration number and then click on the "Renew" button.

Step 5: The insurance policy price will appear, add or remove any add-ons.

Step 6: Select the insured declared value based on the requirements.

Step 7: Next, review the No Claim Bonus from the past year.

Step 8: Fill out the general details for policy renewal.

Step 9: After that pay the reviewed policy premium price.

Step 10: After the payment, the bike insurance renewal policy document will be sent to the policyholder's email address.

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

Policyholders have two options to file for two-wheeler insurance in Mysore from the Tata AIG website.

Reimbursement Bike Insurance Claim

Reach out to Tata AIG's contact person or open a claim page on the official website.

Inform the representative about the incident and provide details of the bike insurance policy and vehicle.

The company will send out a surveyor for the general inspection of the insured vehicles and the damages incurred.

Once that is done, policyholders can send their bikes for repair in any garage.

After that, policyholders need to file a claim and submit all the bill copies to Tata AIG representatives.

The representative will verify all the policy documents and bills.

After successful verification, the reimbursement amount will be released.

Cashless Bike Insurance Claim

Policyholders need to report the incident to a Tata AIG representative within 48 hours of the incident.

After reporting the incident, provide all the details about the incident and issue a policy.

Tata AIG will send their surveyor for a bike inspection. The surveyor will assess the vehicle's damages.

Once the assessment is done, the bike will be sent out of any of the nearest network garages for repair.

The policyholder doesn't need to pay anything for the damages to the garage owner. All the repair expenses will be incurred by the Tata AIG directly.

Documents Needed for Bike Insurance Policy Claims in Mysore

Duly signed and filled out a claim form.

Copy of vehicle registration number.

Copy of the driving licence.

Issued First information report in case of accident.

Copy of repair bills and parts.

Any additional documents asked by the representative.

Tata AIG Cashless Garages in Mysore

Tata AIG has a network of 7500+ garages all across the country. The purpose of these garages is to offer cashless repair services to the policyholders. However, the cashless claim services are only available with Tata AIG's comprehensive bike insurance policy.

To find the cashless claim, policyholders need to visit the website, enter their city and look for all the garages. To know about cashless garage facilities, it is best to visit the official website before making any purchase decision.

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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Is it mandatory to buy bike insurance in India?

Is it mandatory to buy bike insurance in India?


As per the Motor Vehicles Act 1988, all vehicle owners need to purchase at least a third-party insurance policy.

Can I switch from one bike insurance company to another at the time of renewal?


Yes, policyholders can switch from one insurance company to another at the time of policy renewal.

Is it necessary to submit the policy details at the time of filing a claim?


Yes, policyholders need to submit the policy documents at the time of submitting a claim. It helps in identifying the policy coverage and details for the insured vehicle.