Honda Bike Insurance

Tata AIG General Insurance Company offers third-party bike insurance, a standalone own-damage cover and a comprehensive bike insurance policy that is ideal for your Honda bike. While third-party insurance covers any third-party liabilities, the standalone OD insurance covers the damages caused to your bike.

The comprehensive Honda Bike insurance policy covers damage caused by natural calamities as well as man-made damages like terrorist activities, accidents, a fire caused by self-ignition, etc. The policy also covers loss or theft, along with covering any third-party claims arising from damage to third party property or person. This insurance plan is a perfect fit for all Honda bike models and can provide you with adequate coverage for your new ride. You, the owner-driver, can get a personal accident cover of ₹15 lakhs.

In addition to this, Tata AIG Honda bike insurance offers 8 different add-ons for enhanced coverage, like depreciation allowance, return-to-invoice, and roadside assistance. Along with this, you get benefits like an easy claims process, an extensive network of 7500+ cashless garages, cashless repair and reimbursement, and a quick buying or renewing process.

Here are the steps to buy a new Honda insurance plan or renew your existing Honda insurance policy:

• Visit the Tata AIG website and go to the bike insurance page.

• Enter your bike registration number.

• Click ‘Get Price’ for a new bike insurance plan or ‘Renew’ to renew your old policy.

• The bike insurance calculator will automatically populate the fields with the required information as requested.

• There will be a list of Insured Declared Values (IDV). Select the right one. You can also contact your local arena dealership to find out the prevailing market value/IDV of your bike.

• If you have raised a claim in the past, submit the information along with your policy form. If you have not filed a claim, you can use the No Claim Bonus (NCB) to get a discount.

• Add suitable riders to your policy to enjoy better coverage. You can select from 8 different riders.

• The premium payable to Tata AIG for your bike insurance policy will be displayed on the screen. You can go ahead and make the payment with the available digital payment options.

• Once your payment is received, a soft copy of the Honda bike insurance policy will be shared with you via email.

• You can now enjoy complete protection for your beloved bike with our Honda insurance plan.

The cost of the premium for a Honda two-wheeler insurance policy will depend on the type of policy chosen, the registration date, the city of residence, the IDV, choice of add-ons and the NCB discount.

If you opt for a third-party Honda bike insurance, your insurance premium will be dependent on the cubic capacity of your bike’s engine. The premiums are declared annually by the Insurance Regulatory and Development Authority of India (IRDAI) and are fixed for all the insurance providers.

For comprehensive bike insurance and standalone OD cover, the IDV is taken into consideration while calculating the premium amount. You can contact your local dealership and find out the IDV or go through the list of IDVs when purchasing the plan as mentioned above. You can even use the online two-wheeler insurance calculator to determine the Honda bike insurance cost.

On average, your Honda bike insurance cost can range between ₹1300 and ₹2000 for a one-year comprehensive bike insurance policy.

If you are a Honda two-wheeler owner, choosing the right insurance plan is important to ensure protection against unexpected events. TATA AIG offers Honda bike insurance plans that are simple, flexible, and designed to give you peace of mind.

• Wide Coverage: TATA AIG provides comprehensive protection for your Honda bike. This includes coverage for theft, accidents, natural calamities, and third-party liabilities. It is a dependable option for all types of Honda two-wheelers.

• Easy Claim Process: The claim process is simple and supported by a 24x7 customer service team. You can easily renew your policy or raise a claim when needed. In the event of theft, it is important to file a police FIR within 48 hours to begin the claim process.

• Policy for All Models: Whether you ride a scooter or a high-end motorcycle, you can find a suitable insurance policy for your specific Honda two-wheeler model.

• Online Services: You can check your policy details, calculate premiums, or renew your Honda bike insurance through our website. This can be done without any paperwork or visits to a branch.

• Custom Add-Ons: You have the option to enhance your policy with add-ons such as Zero Depreciation, Engine Protection and so on. These add-ons are available based on eligibility and may require payment of an additional premium.

• Instant IDV Check: While reviewing your policy, you can instantly view the Insured Declared Value (IDV) of your Honda bike. This is calculated based on the manufacturer’s listed price after accounting for depreciation.

• Trusted Brand: TATA AIG is one of the insurance providers available under platforms like Honda Assure. Customers choose us for our reputation, service quality, and transparent policy terms.

Adding riders to your Honda bike insurance policy can offer you better protection. You can add the eight following add-ons to your Tata AIG bike insurance:

• Depreciation Allowance

With the depreciation allowance add-on, you can receive the full claim amount for any repair or replacement of bike parts without any deduction for depreciation. This ensures that you are reimbursed the actual cost of parts, helping you avoid out-of-pocket expenses due to wear and tear.

• Return to Invoice Add-On

If your Honda two-wheeler is stolen or suffers a total loss in an accident, the return to invoice add-on helps you receive the full compensation equal to the original invoice value of your bike. This includes the cost of registration, road tax, and insurance, helping you recover your entire financial investment.

• Emergency Medical Expenses Add-On

This add-on covers all emergency medical expenses incurred by you in case you meet with an accident while riding your insured Honda bike. It helps pay for hospitalisation, treatment, and ambulance charges, offering financial support when it is most needed.

• Additional Third-Party Property Damage Cover Add-On

This add-on provides extra coverage over and above the standard third-party insurance for damages caused to someone else's property due to an accident involving your Honda bike. It enhances the financial protection offered by your policy in case of third-party liability.

• Additional Personal Accident Cover for Owner or Driver

This cover provides financial compensation to the owner or rider of the insured Honda bike in case of accidental death, permanent total disability, or loss of limbs or eyesight. It includes events such as loss of both limbs, both eyes, one limb and one eye, or complete disablement, ensuring safety for the insured individual.

• Additional Personal Accident Cover for Unnamed Persons

With this add-on, you can secure unnamed persons such as the pillion rider, sidecar passenger, hirer, or driver. The coverage includes compensation for accidental death, permanent total disability, and severe injuries like loss of limbs or vision, making your rides safer for others as well.

• Roadside Assistance

The roadside assistance add-on ensures that you receive immediate help if your Honda bike breaks down unexpectedly. It covers services such as battery jumpstart, fuel delivery, tyre replacement, minor mechanical or electrical repairs, and towing to the nearest garage, ensuring you are never stranded.

• Consumables Expenses Cover

This add-on covers the cost of consumables such as engine oil, coolant, brake oil, nuts and bolts, and similar items that are damaged or lost during an accident. Without this add-on, these items are typically not included in a standard claim.

When purchasing insurance for your Honda two-wheeler, it is important to understand the different types of coverage available. At TATA AIG, you can choose from the following plans based on your specific needs and legal requirements:

• Third-Party Insurance

This is the most basic and mandatory form of bike insurance under the Motor Vehicles Act. Third-party insurance provides coverage for legal liabilities arising if your Honda two-wheeler causes injury, death, or property damage to a third party. It does not offer any protection for damages to your own bike. This policy is easy to purchase online through TATA AIG.

• Comprehensive Insurance

A comprehensive policy offers complete protection by covering both third-party liabilities and damage to your own Honda bike. It includes coverage for incidents such as accidents, fire, theft, natural disasters like floods or earthquakes, and man-made events like riots or vandalism. The premium depends on several factors, including the Insured Declared Value (IDV) of your bike, selected coverage, and any additional add-ons chosen.

• Standalone Own Damage Insurance

This plan covers damages to your own Honda bike due to accidents, fire, theft, or natural disasters. It does not include third-party liability coverage. This option is suitable for those who already have an active third-party insurance policy and want to enhance their protection by covering their own vehicle separately.

A lot of people nurture the dream of buying a bike. Securing this dream with a Tata AIG bike insurance policy can be the best thing for your two-wheeler.

Here’s why it is important to have a Tata AIG Honda bike insurance policy for your beloved two-wheeler:

• Tata AIG has experience of more than 20 years, so you can expect nothing but excellence.
• The company has over 7500 network garages and over 5 crore customers spread across the length and breadth of the country.
• Tata AIG is a performance-driven brand that ensures quick and hassle-free claim settlement processes for an enhanced customer experience.
• Our network of 650 claim experts is here to solve all your queries and issues.
• Tata AIG offers customizable Honda bike insurance plans that cater to your needs and deliver on all your expectations.

Honda, the world’s largest two-wheeler brand, has a soft corner in the hearts of billions of Indians. Honda bikes have been an integral part of many Indian families and continue to cater to diverse needs across price segments. Right from scooters to motorcycles, Honda has many different models in the market at present, along with some exciting upcoming releases in the near future.

Honda scooters like the Honda Activa and Honda Dio are available between the range of ₹64000 – ₹72,000 (ex-showroom price). The brand’s bikes can be bought at a starting range of ₹72,000 for basic models and goes up to ₹39 lakh (ex-showroom price) for premium models like the Honda Gold Wing.

Honda offers different options in mileage, colours, and designs, so you can choose as per your specifications.

Honda is one of the biggest two-wheeler automotive companies in India. To keep pace with its ambition to power a billion dreams, Honda has expanded its ‘Make in India’ presence with four production facilities at Manesar (Haryana), Tapukara (Rajasthan) Narsapura (Karnataka) and Vithalapur (Gujarat).

The company’s ethos is built on providing ‘Pure Joy of Riding’ to its customers. Its scooters and bikes are equipped with technologically superior Honda engines crafted to provide smooth rides to Indian customers.

In addition to the superior technology, Honda design and features are among the best in the class. Stylish and ergonomically comfortable designs make it easy even for heavier bikes to be manoeuvred on long rides. Honda also has an enviable service network, with over 2,600 authorised agencies in over 509 different cities in India.

Some more details about Honda that you should know:

● Honda offers a total of 25 two-wheeler options for every budget, need, and preference. These include 6 commuter bikes, 3 cruiser bikes, 4 scooters, 3 off-road bikes, and 8 sports bikes.
● The brand has 2041 dealerships in over 687 cities in India.

Here are some alternatives bikes of Honda bikes:

• Hero Splendor Plus

• Bajaj Platina 110

• TVS Star City Plus

• Hero HF Deluxe

• Bajaj CT 110X