Mahindra Bike Insurance

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Mahindra Bike Insurance

Mahindra Two Wheelers Limited (MTWL) has been India's leading bike manufacturing company since its establishment in 2008. With a history of 65 years, MTWL has established a strong presence in the Indian market and has an in-depth understanding of the needs and requirements of Indian customers.

Each of its two-wheelers is designed to cater to diverse customer segments and offers unique benefits and features exclusive to the model. By providing specialised features and top-notch quality, Mahindra Two Wheelers has earned the trust and loyalty of its customers.

It understands the importance of offering a product that not only meets the requirements of its customers but exceeds their expectations. It is why the brand is one of the most trusted two-wheeler manufacturers in the country.

However, for bike owners, their vehicle is often considered priceless due to its significance in their daily commute. Hence, it must be protected. It is where Mahindra bike insurance comes into play. Mahindra two-wheeler insurance is a safety net since it offers financial protection to your prized possession against unforeseen circumstances such as accidents, theft, and natural calamities. It also covers damages or losses incurred in an accident or theft. So, if you plan to purchase a Mahindra bike, buy a Mahindra two-wheeler insurance coverage. And who else than choosing Tata AIG for it?

Tata AIG has an established reputation for being a high-quality insurer. With Tata AIGus, you can get long-term two-wheeler insurance coverage, affordable premiums, and flexible policy options. We have a strong reputation, a proven track record, and a dedicated customer support team to assist you in case of a claim or any other issues. You can also benefit from a quick and no-fuss claims settlement process. So, why wait? Contact us today to take this alliance forward!

Mahindra Two-Wheeler Insurance Renewal/Purchase via Tata AIG

Tata AIG is a trusted partner for Mahindra scooty insurance/bike insurance. We understand that purchasing or renewing bike insurance can be daunting, so we have streamlined the process to make it quick and hassle-free. You only need to follow a few simple steps to buy or renew Mahindra bike insurance for bikes online with Tata AIG:

  • Visit the official website of Tata AIG and navigate to the 'Bike Insurance' section.

  • If you're a new customer, enter your bike's registration number and click on the 'Get Price' option to get an estimate of the premium amount for a new two-wheeler insurance policy.

  • If you're an existing customer looking to renew your Mahindra bike insurance, click the 'Renew' tab and proceed with the renewal process.

  • Use the online bike insurance premium calculator to estimate the Mahindra bike insurance price based on your details, including the bike's make, model, registration details, etc.

  • Select an appropriate Insured Declared Value (IDV) from the options provided. The IDV is the maximum sum insured, payable in case of theft or total loss of your bike due to an accident.

  • Check for a No Claim Bonus (NCB) if you're an existing policyholder. NCB is a discount provided by the insurer for each claim-free year. This discount can be availed during policy renewal.

  • Choose a suitable bike insurance plan from the different options available. These plans offer additional coverage and have variable pricing.

  • Once you've selected the insurance plan, pay using any accepted digital payment method.

  • After successfully clearing the payment, you'll receive a PDF copy of your two-wheeler insurance policy at your registered email ID.

Mahindra Insurance Cost - Your Payable Premium

If you're considering insuring your Mahindra bike, it's crucial to understand how to choose the right plan for your needs and budget. Our website offers a bike insurance calculator to help you compare two-wheeler insurance plans and premiums to make an informed decision.

One key factor to consider is the Insured Declared Value (IDV), which represents the current market value of your bike and the total insurance amount you'll receive if your bike is stolen or suffers a total damage beyond repair. You can find the IDV at your dealership, which is essential in determining the cost of your Mahindra bike insurance.

If you want to insure your bike with Tata AIG, you can compare two-wheeler insurance costs online to find the best plan for your Mahindra bike. Remember that the make and model of your two-wheeler can affect your insurance cost, so choosing a plan that meets your unique needs is essential.

At Tata AIG, we offer basic third-party and comprehensive bike insurance packages. While the latter provides coverage for various losses, it typically comes with higher premiums. However, our online bike insurance calculator can help you find the most accurate quote for your policy and adjust the variables to increase or decrease your premium and coverage.

Additional Riders for Mahindra TRK 251 Mahindra Bike/Scooty Insurance by Tata AIG

If you want to enhance your coverage beyond the base policy further, consider adding extra riders or "add-on covers" to your comprehensive bike insurance plan. These riders provide additional protection in situations that may not be covered by your base policy, giving you greater peace of mind on the road.

At Tata AIG, we offer seven unique add-on covers that can be added to your two-wheeler insurance policy. While they increase the cost of your insurance policy and premium amount, they can be invaluable in providing added protection for you and your bike. Here are the seven add-on covers that we offer:

  • Consumable Expenses Cover: This rider covers the cost of replacing consumable items such as nuts and bolts, engine oil, oil filters, and gearbox oil lost or damaged due to an accident. However, it does not cover fuel costs.

  • Roadside Assistance Cover: Our Roadside Assistance Cover provides 24/7 support to insured two-wheelers that experience a breakdown in a remote location. Our trained professionals will provide towing, fuel delivery, or mechanical assistance, ensuring you're back on the road as soon as possible.

  • Return-to-Invoice Cover: This add-on covers the difference between the purchase price of your two-wheeler and the settlement amount in the event of a total loss due to theft or damage. If a new vehicle of the same make and model is available, we'll reimburse the difference between the insurance claim and the new model's price. We'll also pay the road tax and registration expenses incurred on the insured bike.

  • Additional Personal Accident Cover for the Owner-Driver: This mandatory add-on cover protects the owner-driver of an insured two-wheeler from accidental injury. It provides compensation in case of bodily injury, permanent disability, or death due to a two-wheeler accident.

  • Additional Third-Party Property Damage Cover: This rider covers the expenses incurred when you unintentionally damage the property of a third party. We'll clear the entire bill for you.

  • Zero Depreciation Cover: Also known as Bumper-to-Bumper cover or NIL Depreciation, this add-on helps fight depreciation. If you file a claim for the repair or replacement of a part, and the claim amount deducts depreciation, this rider enables you to get reimbursed for the depreciated value. However, you can only avail of this benefit for the first two claims.

  • Personal Belongings Cover: This add-on protects personal belongings such as mobile phones, laptops, wallets, or other valuables that the bike owner or rider may carry while riding the bike. In case of theft or damage to these belongings, the Personal Belongings Add-on Cover will compensate the bike owner or rider for the loss.

Things Included/Excluded Under Tata AIG’s Mahindra Bike Insurance Policy

Things Included in Tata AIG Mahindra Bike Insurance Things Not Included in Tata AIG Mahindra Bike Insurance
The two-wheeler insurance policy offers its own damage cover to protect the policyholder against damage and losses caused by accidents, natural calamities, man-made damages, damages by fire, etc. The policy does not cover costs for mechanical/electrical breakdown, regular wear and tear, and the resulting loss due to the age of the bike.
The comprehensive and third-party two-wheeler insurance covers third-party liabilities, including third-party property, bodily damages caused to a third party by your vehicle, etc No loss and damage are covered while riding the bike without a valid driving license or helmet.
The comprehensive bike insurance plan reimburses the bike’s current market value in case of damage beyond repair or theft. The bike insurance policy does not cover losses incurred if the bike is used for racing, reliability trials, speed tests, etc.
With add-ons, the policy coverage is enhanced to cover consumable expenses, additional third-party damage, roadside assistance, emergency medical expenses, etc. The two-wheeler insurance policy does not cover damages caused due to breaking and burglary if the bike is stolen.
The bike insurance policy provides a Personal Accident Cover of ₹15 lakhs. This coverage reimburses medical expenses for treating injuries caused by accidents. Use of a private bike for commercial purposes is excluded. There is also no coverage for a bike driven under the influence of alcohol, narcotics, or intoxicants.

Why Is It Essential to Have Tata AIG for Your Mahindra Bike Insurance?

The following characteristics set us apart from other insurance companies in the industry:

  • When you choose Tata AIG for your two-wheeler insurance needs, you can have peace of mind knowing that you can access an extensive network of cashless garages nationwide. It means you can fix your broken Mahindra bike without worrying about payment.

  • We also understand the importance of convenience, so we offer a quick and easy online renewal and purchase process for Mahindra bike insurance. You can complete the process from the comfort of your own home, saving you time and hassle.

  • With over 20 years of experience in the Indian insurance industry, Tata AIG is a brand that instils consumer trust and confidence. We pride ourselves on our commitment to providing exceptional service.

  • For the fiscal year 2020-2021,Tata AIG's claim resolution percentage was 98%. It demonstrates our professionalism and integrity. Thus you may relax since your chances of getting a claim are great.

Mahindra Bikes - A Brief Overview

Mahindra is a leading Indian automobile manufacturer that produces a wide range of products, including two-wheelers. The company has a variety of scooters and motorcycles in its portfolio, including the Gusto, Centuro, Stallio, Flyte, Mojo, and the recently launched electric scooters - Mahindra Gusto Electric and the Mahindra GenZe.

Mahindra two-wheelers are popular among customers looking for reliable and affordable options. The company has a vast network of dealerships and service centres nationwide, making it easy for customers to purchase and maintain their vehicles. Mahindra two-wheelers offer a great combination of performance, comfort, and value for money.

Mahindra Bike Variants and Prices

Mahindra currently offers two bike models in India, the Mojo 300 ABS and the Mojo UT 300.

Variants Ex-Showroom Price* in New Delhi (₹)
Mahindra Mojo 300 ABS ₹2,07,718
Mahindra Mojo UT 300 ₹1,49,520

Mahindra Two-Wheeler Features: Unique Selling Points

Here are some unique selling points of Mahindra two-wheelers:

  • Mahindra two-wheelers are known for their stylish and unique design, which sets them apart from other brands. The bikes and scooters are designed to look sporty and rugged, making them a popular choice among young riders.

  • Mahindra bikes and scooters have advanced features such as disc brakes, tubeless tyres, and digital instrument clusters, providing a superior riding experience.

  • Mahindra two-wheelers are known for their fuel efficiency, making them an economical choice for daily commuters. The company has been focusing on developing eco-friendly vehicles and introducing electric models.

  • Mahindra two-wheelers are priced competitively, making them an attractive choice for budget-conscious customers. The company offers affordable pricing without compromising on quality and performance.

Top Contenders of Mahindra Two-Wheelers

Mahindra two-wheelers face competition from several other brands in the Indian market. Some of the top contenders of Mahindra two-wheelers are:

  • TVS Motor

  • Honda

  • Hero MotoCorp

  • Bajaj Auto

  • Yamaha

Frequently Asked Questions (FAQs)

1. What is covered under Tata AIG Mahindra two-wheeler insurance?

Tata AIG Mahindra two-wheeler insurance covers a range of incidents such as accidents, theft, natural calamities, fire, and third-party liability. Optional add-ons are also available to enhance coverage, such as consumables expenses, roadside assistance, personal accident cover, and more.

2. Can I renew my Tata AIG Mahindra two-wheeler insurance policy online?

Yes, you can easily renew your Tata AIG Mahindra two-wheeler insurance policy online through the official website of Tata AIG or any other insurance aggregator website.

3. How do I claim my Tata AIG Mahindra two-wheeler insurance policy?

In case of an accident or theft, you can initiate the claim process by contacting Tata AIG's toll-free number, emailing us, or visiting one of our branches. You will need to provide the necessary documents and details, such as the policy number, vehicle registration number, date and time of the incident, and a brief description of what happened.

4. Is it necessary to purchase add-ons with Tata AIG Mahindra two-wheeler insurance policy?

Purchasing add-ons with your Tata AIG Mahindra two-wheeler insurance policy is not mandatory. However, they offer additional coverage and benefits beyond the basic policy, so it is recommended to consider them based on your individual needs.

5. Can I transfer my Tata AIG Mahindra two-wheeler insurance policy to a new owner?

You can transfer your Tata AIG Mahindra two-wheeler insurance policy to a new owner. You must submit a request to Tata AIG with the necessary documents, such as the vehicle registration certificate, transfer of ownership certificate, and a no-objection certificate from the previous owner.

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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