Bike Insurance in Patna

Bike Insurance in Patna holds significant importance for bike owners as it provides indispensable financial security on the city’s unpredictable roads. As per the Motor Vehicles Act of 1988, all vehicle owners must have third-party motor insurance.

With options ranging between comprehensive, standalone own damage and third-party bike Insurance, you can opt for whichever plan that best aligns with your insurance needs.

Bike riders in Patna are forced to deal with various challenges while navigating the city streets that pose a threat to their well-being. Amongst those, the most prevalent issues are the following:

• Illegal parking leads to congestion and increased risks of collision.

• Persistent high-speed driving, especially of large vehicles in proximity to two-wheelers.

• Rash and negligent driving, especially in densely populated areas.

• The absence of designated two-wheeler lanes increases the chances of collisions.

• Blind spots in the city pose a constant threat as they increase the likelihood of collisions with other vehicles as well as stationary objects.

• Inadequate visibility in the darker hours also increases the risk of collisions, as larger vehicles might not be able to spot two-wheelers in low visibility.

Tata AIG’s Bike Insurance policy meets a diverse array of insurance requirements. With three types of Tata AIG Bike Insurance policies to choose from, you can tailor your coverage to your needs. With various features and benefits. Tata AIG’s Comprehensive Bike Insurance policy Tata AIG’s Comprehensive Bike Insurance policy stands out for its broad coverage. It safeguards against various damages, including natural calamities and man-made incidents. Furthermore, this policy also extends its protection against third-party liabilities in the event of bike accidents. Here are details on this comprehensive form of coverage.

Tata AIG’s Standalone Own Damage Cover Bike Insurance policy Tata AIG’s Standalone Own Damage Cover Bike Insurance policy provides specialised compensation for damages incurred by your insured bike during unforeseen accidents. It serves as a valuable addition to third-party insurance. Here are the specifications of this policy in

Tata AIG’s Third-party Bike Insurance Policy Tata AIG’s Third-party Bike Insurance policy offers essential protection against third-party damages that result from your insured bike’s involvement. Mandated by the Motor Vehicles Act of 1988, this policy safeguards finances for third-party liabilities.

Make and Model:

The type of bike you own significantly affects insurance premium rates. High-end and luxury bike models often attract higher premium rates due to the higher repair costs and replacement rates associated with them. Similarly, lower or medium-range models attract premium rates due to the lower repair costs and replacement rates associated with them.

Location:

The geographical location is a crucial determinant of insurance premium rates. Rural areas are typically prone to lower risk factors; hence, the insurance premium rates offered are at lower rates. Similarly, since urban and metropolitan areas have increased possibilities of theft and accidents, these areas face higher premium rates.

Add-ons:

Comprehensive policies offer additional coverage options, known as add-ons, which can be incorporated at additional costs. These enhance protection against unforeseen expenses for services like roadside assistance, zero depreciation or engine protection.

IDV:

Insured Declared Value, also known as IDV, is a vital factor in determining insurance premium rates. It represents the maximum amount payable by the insurance provider in the event of a total loss. Higher IDV values result in higher premiums as insurance providers assume greater liability for potential payouts.

No Claim Bonus:

Maintaining a claim-free record entitles you to a no-claim bonus. It acts as a reward system that offers discounts on premiums upon policy renewal. Accumulated no-claim bonuses serve as a reward for responsible riding behaviours and encourage the prioritisation of your safety on the road. This incentive ultimately leads to reduced insurance costs over time.

You can use the Tata AIG bike insurance calculator to calculate the two-wheeler insurance rate in Patna conveniently and quickly from the comfort of your home.

Third-party Bike Insurance Policy Premium Rates

The premium for a third-party Bike Insurance policy is calculated based on your bike’s engine capacity (CC).

These premiums are generally standardised across various insurance providers by the Insurance Regulatory and Development Authority of India (IRDAI) and reviewed annually. You can check these rates on the Ministry of Highway and Road Transport's (MoRTH) official portal.

When choosing a bike Insurance policy in Patna, the following guidelines could be helpful:

Claim Settlement Ratio:

Choose a reputable insurance provider like Tata AIG, which is known for facilitating efficient claim settlement processes. This will ensure hassle-free and smooth handling of your claims.

Coverage Assessment:

Evaluate the coverage offered by the bike Insurance policy. Based on your specific requirements and budget, select the most suitable option. Depending on factors such as your vehicle’s age, usage, and cover requirements, decide between a third-party or comprehensive coverage.

Premium Evaluation:

Before making a purchase, obtain an estimate of the premium cost. It is essential to understand all the variables associated with the cost to make informed decisions.

Add-Ons:

Assess the value of all add-on options before making a purchase. As mentioned earlier, premiums may vary based on different factors. Hence, it is best to carefully evaluate the need for every add-on and its corresponding pricing to ensure it aligns with your requirements.

Exclusion Awareness:

Familiarise yourself with the list of exclusions in the insurance policy for two-wheelers. This helps ensure that you are aware of policy exclusions and prevents potential claim issues in the future.

• Buying a Bike Insurance policy online helps you bypass the long bank queues and makes the process swift and hassle-free.

• Online platforms allow effortless comparison of various bike Insurance policies and their features. This helps you acquire the best policy tailored to your needs.

• Buying a bike Insurance policy online eliminates the need to organise paperwork for the process. You can also access and download the insurance documents at your convenience from the comfort of your home or whenever needed urgently.

• With the online process, exploring the wide range of add-ons and their features becomes easy. This helps select add-ons that are genuinely essential and fit your preferences.

• The online process of purchasing a bike Insurance policy is conducted securely, which safeguards your personal information.

With Tata AIG, you can experience a seamless buying and renewal process through the online portal. All you need to do is put in your details and secure the coverage you want in a few clicks.

With Tata AIG, you can customise your comprehensive bike Insurance policy with tailored add-ons. This provides comprehensive 360-degree protection that safeguards both you and your vehicle.

With Tata AIG, you can benefit from the extensive network of cashless repair services. These are covered under the comprehensive two-wheeler policy. This service ensures you receive swift assistance in times of need.

With Tata AIG, you can effortlessly initiate your claim. All you need to do is access the online claim procedure page. Here, once you provide the required information, you can kick-start the process seamlessly.

We at Tata AIG have over 2 decades of experience in the insurance sector. We are a reputable insurance provider dedicated to serving and satisfying customers, ensuring you have the policy best experience.

Emergency Medical Expenses Coverage:

Under this add-on, you can find peace of mind knowing that you are covered for emergency medical and ambulance expenses that may result from unforeseen accidents. This accident must be covered under your Bike Insurance policy.

Zero Depreciation Protection:

Under this add-on, leave behind any worrying about depreciation deductions from your claim amount. This add-on covers claims for both your bike part replacements and repairs. You can get reimbursement for the deducted depreciation amount.

Return to Invoice Guarantee:

Under this add-on, protect your investment with the assurance of receiving either the invoice cost or the current market value of your bike in the event of theft or total damage.

Roadside Assistance Assurance:

Under this add-on, you stay prepared for unforeseen roadside emergencies with immediate assistance. This includes issues such as fuel shortages, dead batteries or flat tyres, which ensures you are never stranded.

Consumable Expenses Coverage:

Under this add-on, you are reimbursed for all damages to your bike consumables resulting from accidents.

How to Buy a Bike Insurance Policy?

Step 1: Navigate to the official website of Tata AIG

Step 2: Click on the “Bike Insurance policy” 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, you will be displayed your Bike Insurance policy premium details.

Step 8: Finally, you need to pay your premium amount from any given mode of payment. Once your payment is done successfully, you will receive soft copies of your insurance on the registered email ID.

How to renew Bike Insurance policy

Step 1: Navigate to the official website of Tata AIG

Step 2: Select the “Bike Insurance policy” 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 IDV as per your requirement.

Step 7: You will be displayed your No Claim Bonus (NCB) value of the previous year, if applicable.

Step 8: Next, your Bike Insurance policy premium amount will be displayed.

Step 9: Here, you need to pay your premium amount for the bike Insurance policy renewal. You can choose any online payment mode, and after successful payment, you will receive a soft copy of your insurance document via email.

Reimbursement Bike Insurance Policy Claims

Step 1: Contact our Tata AIG insurance executives after the incident (theft or accident) or visit our 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: You can opt for self-inspection of the bike under the claims process. Moreover, our executive shall 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 a 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 vehicle registration certificate copy

Driving licence of the person driving the vehicle during an accident

Copy of Bike Insurance policy papers

The original receipt, bills, and invoice

The original invoice for the cashless claim settlement

Tata AIG’s commitment to providing exceptional service extends to its extensive network of cashless garages. This ensures that your Tata AIG-insured bike receives top-notch repair services seamlessly. These authorised garages are equipped with skilled professionals who offer meticulous care to ensure your bike is handled with precision and expertise.

Convenience is crucial when it comes to accessing services. Tata AIG’s garage locator makes locating the nearest authorised garage seamless. All that is required is for you to put in your location details and information about your vehicle. This helps quickly identify the most convenient service centre for your needs.

It is important to note that cashless repairs are a feature that is exclusive to comprehensive plans only. While these plans offer the convenience of cashless transactions, the availability may vary depending on your location.

Moreover, Tata AIG’s customer support service is readily available to provide detailed information regarding the garages within the network and their range of services.