Bike Insurance in Noida

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Bike Insurance in Noida

Noida is known for its IT companies, famous universities and shopping complexes in Delhi-NCR. Every day, several professionals, students and other commuters travel to and from Noida.

Several of them use personal vehicles, such as bikes or two-wheelers, for easy navigation in the city's heavy traffic. Which can increase the chances of incidents like collisions and road accidents.

If you are a bike owner in Noida, having bike insurance can save you from a list of financial and legal losses. If you own a two-wheeler in Noida or are thinking of getting one, this article is a must-read.

All About Bike Insurance in Noida and Why You Need One

Bike insurance or two-wheeler insurance is a binding contract between the insurance company and the insurance buyer. Under this contract, the insurance company promises to provide financial and legal aid in case of any damages or loss involving the insured vehicle.

Under the Motor Vehicles Act 1988, buying bike insurance with third-party damage cover is mandatory. It protects the vehicle owner from any third-party financial and legal liabilities caused by the insured vehicle.

However, you can buy a comprehensive bike insurance policy, too, for more extensive and overall protection for your vehicle.

Problems Faced by Bike Owners in Noida

These are some of the day-to-day problems faced by bike riders in Noida:

  • Rash driving and speeding by other vehicle drivers cause problems for bike riders, as they increase the risk of vehicle collisions and accidents.

  • Congestion and heavy traffic on the roads of Noida make it difficult for bike owners to navigate smoothly.

  • Poor road conditions, potholes, opened manholes, and uneven roads make biking risky, and the driver might lose control of the vehicle.

  • Lack of awareness of traffic rules leads to people violating traffic laws and jumping traffic signals, which can lead to big mishappenings.

  • Poor air quality, smoke and smog in winter make it difficult for bike riders to ride comfortably.

Tata AIG Bike Insurance in Noida

Tata AIG Third-Party Bike Insurance Third-party bike insurance protects against third-party financial and legal liabilities caused by the insured vehicle. Under the Motor Vehicles Act, having third-party vehicle insurance is mandatory for every vehicle owner to protect themselves from third-party penalties.

Inclusions in  Insurance   Exclusions in Insurance 
Third-Party Liability Own Damage
Third-Party Property Damage Theft and Fire Damage
Legal Expenses Damaged caused by to war-like situation
Personal Accident Cover Add-ons and optional covers

Ideal For: Bike owners with an old or lesser-used vehicle need to buy third-party insurance to comply with the law. Tata AIG Standalone Own Damage Cover Bike Insurance Policy As its name suggests, standalone own damage cover bike insurance is the policy cover that only protects the insured vehicle. It provides financial assistance for the accidental damages caused to the insured bike only.

Inclusions in Insurance  Exclusions in Insurance 
Accidental Damages Third-party Damages
Man-made damages Damages caused due to drinking and driving 
Theft or Malicious Acts Riding/driving without a licence
Fire and Explosions Mechanical or Electrical damages
Damages Beyond Repair (Total Loss) Damages or losses explicitly covered by policy terms

Ideal For: Bike owners who only have third-party insurance and want protection cover for their vehicle, too. Tata AIG Comprehensive Bike Insurance Policy Tata AIG comprehensive two-wheeler insurance is the best policy if you want extensive protection for your vehicle. It provides coverage against vast categories of damages, such as theft, fire and explosions, accidental damages, and man-made and natural disaster damages. Moreover, it also includes third-party damage cover that protects against third-party financial and legal liabilities involving the insured vehicle.

Inclusions in  Insurance  Exclusions in Insurance 
Damage and loss caused due to accident, fire and explosion, theft, natural disaster Damage caused due to driver/owner driving without wearing a helmet or carrying a valid insurance
Personal Accident Cover for Owner/Driver Ordinary wear and tear due to usage
Third-party Liabilities Coverage Damages caused due to participating in race or other illegal activity
Unique add-ons for extensive coverage Using private vehicles for commercial purposes

Ideal For: People who want overall protection for their vehicles from an extensive list of damages.

Best Bike Insurance in Noida: 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 a basic insurance that provides legal and financial coverage against damages to third-party caused due to your insured bike. It is the bike insurance cover that only protects the insured vehicle. Comprehensive bike insurance protects against accidents, third-party liabilities, and personal accident cover for owner-drivers.
Third-party Damage Under this insurance, you get financial and legal assistance for any third-party liabilities. It does not cover third-party liabilities.  Third-party liabilities involving the insured bike are covered.
Add-ons Third-party insurance does not provide add-ons Add-ons can be included in this insurance type.  Unique add-ons can be included in comprehensive insurance.
Which is a Better Insurance? It is a mandatory bike insurance policy that protects you against third-party liabilities.  Provides extra protection to vehicles along with third-party insurance. It is an extensive bike insurance that provides 360 protection to the vehicle. 

What is the Two-Wheeler Insurance Rate in Noida

Here are some of the crucial factors that affect the two-wheeler insurance rate in Noida.

Registration Location: One important factor determining your insurance rate is the vehicle registration location. Vehicles registered in rural or small towns have lower premium rates than vehicles registered in urban or metropolitan areas.

Bike IDV: The insured declared value (IDV) of a bike is the maximum amount payable by the insurance company in case of total damage to your bike (including irreplaceable damages). The higher the IDV, the higher the premium.

Bike’s Make and Model: The make and model of the bike also affects its insurance premium price. Higher-end and rare bikes have higher insurance rates than mid-range bikes.

No Claim Bonus: NCB or no claim bonus is a discount by an insurance company provided to the policyholder as a reward for making no claims in the previous policy year(s).

Add-ons: Add-ons act as extra protective gear along with the bike insurance and can be availed by paying an extra cost.

Third-Party Bike Insurance Premium Rates

The third-party insurance premium rate is decided on the basis of your bike engine’s cubic capacity (cc). Moreover, the third-party insurance premium rates are uniform among several insurance providers.

This is because the Insurance Regulatory and Development Authority of India (IRDAI) decides and announces these rates annually. However, the rates are ever-fluctuating; thus, it is advised that you confirm the current rates before buying the policy.

How to Choose the Best Bike Insurance in Noida?

These are the factors that you must consider before buying a two-wheeler insurance in Noida.

Claim Settlement Procedure: Make sure to check reviews and ratings for the claim settlement procedure of the policy before buying it. Your policy claim process must be more straightforward so that you can get your claim during distress.

Coverage Provided: Carefully read through all the coverage inclusion of the policy to make sure that you are protected from all the dangers that might happen in future.

Premium Cost: Premium cost depends on the various factors that can be changed at any given time. Make sure that you only select that policy that provides a reasonable premium quote according to your budget.

Add-ons: Having extra protection gear is always great for extensive protection. Look for bike insurance that provides unique and beneficial add-ons according to your requirements.

Exclusions: Review the list of policy exclusions before signing the documents. It will prevent future inconvenience.

Why You Should Choose Two-Wheeler Insurance Online?

Time Efficient: Buying a bike insurance policy online saves you a lot of time that you might lose by standing in long queues.

Easy Comparison: Buying a policy online allows you to compare the features and prices of multiple policies before buying the right one.

Paperless Process: The whole procedure of buying a bike insurance policy is completed online. It means you do not have to file documents offline; just submit them online with a few simple clicks.

Customisation: Buying a policy online allows you to review all the features and customise your policy according to your coverage needs, which is not possible in the offline method.

Switch Easily: Oftentimes, policyholders are not satisfied with their policy and want to switch to another provider. At Tata AIG, we provide services to port your existing plan along with any benefits (like NCB discount) over to us seamlessly.

Why Choose Tata AIG Bike Insurance in Noida

At Tata AIG, we understand the concern of our policy buyers for their and the vehicle’s protection. Thus, we provide the facilities and services that are best suited for them, such as:

Easy Buy and Renewal: With our online facility, you can easily buy a new policy from our website and renew it annually in just a few simple clicks.

Unique Add-ons: Our bike insurance provides protection, and with our unique add-on features, you can get protection against specific damages.

Cashless Repair Services: For damage caused to your vehicle by an accident, our network garages offer cashless repair services.

Easy Claim: You can quickly get your claim amount by filling out our insurance claim form online or connecting with our insurance executive.

The Tata Promise: Tata AIG has been trusted by its customers in the past for delivering the best services and facilities.

Key Features and Benefits of Tata AIG Bike Insurance in Noida

Key Features and Benefits Details 
Easy Claim Procedure With Tata, you get the support of our insurance executives, who guide you through the claim procedure.
Third-Party Damage Cover Get third-party damage cover to protect against third-party liabilities.
Save on Premiums With Tata AIG, you can get up to 75% discounts on your bike insurance premiums.
Own Damage Cover for Bike Tata AIG provides its damage cover for bikes against man-made and natural disaster damages.
No Claim Bonus (NCB) Get up to 50% off your bike insurance premiums for claim-free previous year(s).
Cashless Repair and Reimbursement  Tata AIG provides cashless repair/reimbursement services for accidental damages to your bike at network garages.
High Claim Settlement Ratio Tata AIG has a record 99% claim settlement ratio in FY 2022-23.
Easy Buy and Renewal Process Get hassle-free online policy buying and renewal services.
Unique Insurance Add-ons Tata AIG offers unique add-ons for more extensive protection.

Best Bike Insurance Add-ons to Get in Noida

Zero Depreciation: Under this add-on, if you file a replacement or repair claim for your bike’s part(s), the depreciation amount is also covered rather than deducted from the claim amount.

Emergency Medical Expenses: If you and the pillion rider suffer accidental injuries and incur medical and ambulance expenses, then all these expenses will be reimbursed under this add-on.

Return to Invoice: In case of total damage or theft, you will receive the invoice cost of your insured vehicle as reimbursement.

Roadside Assistance: Get roadside assistance at your location in case your vehicle breaks down while you are travelling.

Consumable Cover: This add-on reimburses you for the expenses incurred in replacing and repairing consumables due to an accident.

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

Here are the **Steps to buy and renew a bike insurance policy with Tata AIG.

How to Buy Bike Insurance?

Step 1: Go to the official Tata AIG website.

Step 2: On the homepage, click on the “All Products” tab and then select the “Bike Insurance” option under it.

Step 3: Next, enter your bike registration information as requested and then click on “Get Price.”

Step 4: The online bike insurance calculator will then display your bike insurance policy price.

Step 5: Now, you will be displayed your bike insurance premium price on the screen.

Step 6: Finally, you need to pay your premium using the provided payment options. Once you have completed the payment, you will receive soft copies of your Tata AIG bike insurance online documents at your registered email address.

How to Renew Bike Insurance?

Step 1: Go to the Tata AIG bike insurance renewal page.

Step 2: Fill in your bike registration details and then click on the “Renew” option.

Step 3: Next, the online bike insurance calculator will show your bike insurance policy price.

Step 4: Next, your No Claim Bonus (NCB) information will be displayed on the screen.

Step 5: Now, you will see your renewed bike insurance policy price on the screen.

Step 6: The final **Step will be to pay your insurance premium price. Once the payment is completed, you will receive soft copies of your bike insurance renewal Noida documents on your registered email ID.

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

Reimbursement Bike Insurance Claim

Step 1: Contact our Tata AIG insurance executive or visit our Claim Process page within 48 hours of the accident or theft incident.

Step 2: Next, you need to provide all your necessary details to the executive, such as estimated damage, the names of third parties involved, and the number of third parties involved in the incident. If you are filling out the “Claim Form, " fill in these details.

Step 3: You can conduct a self-inspection of your vehicle's damages, or the insurance executive can do it for you. After inspection, the vehicle can be sent to your preferred garage for repair.

Step 4: Once the vehicle is repaired, you need to provide the insurance executive with the original repair invoices, bills, and registration certificate to file a reimbursement claim.

Step 5: Finally once the procedure is done, your reimbursement claim amount will be released after the document verifications.

Cashless Bike Insurance Claim

Step 1: Connect with the Tata AIG insurance executive immediately after the accident or theft incident.

Step 2: Within 48 hours of the incident, you need to provide the executive with necessary details, such as insurance details, vehicle information, and incident details.

Step 3: Next, the insurance executive will survey to estimate the damages sustained to the insured vehicle.

Step 4: Once the survey is complete, the vehicle will be sent to a network garage for repairs. The insurance company will then proceed with the claim settlement procedure and pay for the insured vehicle's expenses.

Documents Needed for Bike Insurance Policy Claims in Noida

Here is the list of documents that are commonly required while applying for a bike insurance claim in Noida.

  • Duly filled and signed insurance claim form

  • Your valid driving licence

  • Bike registration certificate (RC)

  • Bike insurance documents

  • Copy of First Information Report (FIR) in case of theft incident

  • Original invoice and bills from the garage for reimbursement claim

  • Identity proof documents: Aadhar card, PAN card, voter ID card

  • Other relevant documents, as requested by the insurance executive

Tata AIG Cashless Garages in Noida

Tata AIG offers its customers the convenience of cashless repair services, which they can easily avail of at any of our extensive network garages. With over 4200+ network garages across India, you can rest assured that there's always a service point near you.

To locate the nearest network garage in your city, simply use our user-friendly garage locator. Just fill in your city and bike details, and it will promptly show you the garages in your vicinity.

You can get various vehicle repair services at our network garages. However, certain services are only available in select cities. To get detailed information regarding the services available at your location, contact Tata AIG customer 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.

Related Articles

How to find the best bike insurance near me?

How to find the best bike insurance near me?

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As a general rule, the plan you choose must fulfil your legal compliance and provide adequate protection at a reasonable cost. Doing these checks will ensure you find the best bike insurance policy in your city.

Which type of insurance is best for a bike?

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Comprehensive bike insurance is considered the best insurance, as it provides extensive coverage against various types of damages.

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