Top Two Wheeler Insurance Providers In India

Thinking about buying a new bike insurance policy? Overwhelmed by the options and jargon? We have some good news! Most motor insurance companies offer an online service where you can enter your details and get a quote. You can then compare these quotes and make a decision. Sounds simple? Before you do that, we recommend that you take a look at the top two wheeler insurance companies in India so that you know where to begin.

According to the Motor Vehicles Act, 1988, any motor vehicle (including a two-wheeler) plying on Indian roads is required to have a minimum of third-party liability insurance on the vehicle. This means that if your bike gets into an accident, then you should have an insurance policy to cover the costs associated with any damage or loss to the third-party property or person(s). 

Bike insurance companies also offer a comprehensive policy that includes damage to you and your vehicle apart from the third-party liability cover. Regardless of the type of policy you choose, find the right insurance company is important as that can determine the kind of discounts you get on the premium, claim settlement time, etc. 

Which are the best two-wheeler insurance companies in India?

Here is a quick look at the top bike insurance companies in India (in no specific order):

1. TATA AIG General Insurance Company Limited

TATA is a name associated with trust for decades in India. The Tata AIG General Insurance company constantly endeavours to offer the finest products and services to bike owners and is considered as one of the best in the country.

Types of policies available: Third-party liability, Own-damage cover, and Comprehensive policy

Salient Features:

  • In case of an accident, TATA AIG offers free pick-up of the two-wheeler
  • If you hold the TATA AIG Auto Secure policy, then you get a six-month warranty on accident repairs
  • Filing claims is hassle-free with an option to file them directly online
  • The company assures claim settlement within seven days of filing it
  • A well-trained and dedicated team of support professionals available round-the-clock

Add-ons: Depreciation allowance, Return to Invoice, Consumable Expenses, Emergency Medical Expenses, Additional Third-Party Property Damage Cover, Additional Personal Accident Cover to Owner-Driver, Additional Personal Accident Cover to Unnamed Persons, Roadside Assistance – Repair and Towing Service Assistance, Flat Tyre Service, Jump Start Service, Lost Key Replacement, and Concierge services.

2. Bharti AXA General Insurance Company Limited

A joint venture between Bharti Enterprises and Axa Business Group, Bharti AXA is regarded as one of the best non-life insurance companies in India.

Types of policies available: Third-party liability, Own-damage cover, and Comprehensive policy

Salient Features:

  • The company offers long-term policies with discounts of up to twenty per cent
  • Accidental coverage of up to Rs 1 lakh for the pillion rider available
  • A user-friendly option to buy/sell bike insurance online
  • For online applications, the company issues a copy of the policy online immediately
  • A wide range of add-ons available at reasonable costs

Add-ons: Depreciation cover, Return to Invoice, Consumable cover, Engine Protect cover, Personal Accident cover, Passenger cover, etc.

3. HDFC Ergo General Insurance Company

HDFC Ergo is a joint venture between HFDC and Ergo International AG offering bike insurance policies that are competitive in price and features. It is ISO certified and offers a seamless experience to the policyholder – right from purchase to renewal to claim settlement.

Types of policies available: Third-party liability, Own-damage cover, and Comprehensive policy

Salient Features:

  • Policy issuance and renewal in no time
  • Several customization options for the two-wheeler insurance policy
  • Online claim filing process designed to make the process easy
  • An efficient customer support team available 24×7 to answer queries and issues and help policyholders

Add-ons: Zero depreciation cover, NCB protection, Return to Invoice, Cash allowance, Drive through protection for the engine, EMI protector, Emergency assistance cover – minor repairs on the spot of the accident, towing assistance, flat tyre repair, emergency fuel delivery, key service, alternate travel arrangement, accommodation arrangement, battery jump start service, etc.

4. Bajaj Allianz General Insurance

Bajaj Allianz is one of the few names that come to mind when we think of non-life insurance policies. Known for being user-friendly and convenient, it offers a range of services to policyholders in two-wheeler insurance making it to this list.

Types of policies available: Third-party liability and Comprehensive policy

Salient features:

  • A wide network of garages for cashless repairs
  • Claims settlement process designed to be simple and hassle-free
  • On filing a claim, the company sends an SMS update regarding the status of the claim
  • Comprehensive and third-part liability policies with a range of add-ons to choose from

Add-ons: Zero depreciation cover, personal accident cover for pillion riders, loss of accessories, etc.

5. Reliance General Insurance Company Limited

Reliance General is one of the leading names for motor insurance in India. It was India’s first insurance company to get an ISO 9001:2008 certification for end-to-end services in general insurance.

Types of policies available: Third-party liability and Comprehensive policy

Salient Features:

  • The company uses NEFT to settle claims in no time
  • Its online platform offers easy-to-use tools for policy renewal
  • Various discounts available to make the policy cost-efficient as per your needs
  • Free repair or replacement across its network of garages and Rs 1500 allowance on towing charges

Add-ons: Nil depreciation, Daily allowance benefit, EMI protection, Helmet cover, personal accident cover, medical cover, cashless hospitalization, etc.

Summing Up

As you can see, these are the top bike insurance companies in India. Before you buy a policy, assess your insurance requirements, research the market, compare policies, and find the one best suited to you. Also, choose add-ons carefully since each add-on comes with an additional premium. Each insurer mentioned above offers an online facility to enter your details and get a quote to help you compare. Hence, spend some time researching before you buy it. Good Luck!








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