In India, third-party two-wheeler insurance is mandatory under
the Motor Vehicles Act. Having insurance serves as an additional benefit in the
event of loss or damage to a two-wheeler due to incidents, in addition to a
legal mandate.
Along with third-party liability benefits, two-wheeler insurance offers many additional
benefits such as free services/two-wheeler repair as well as its accessories,
other discounts, etc.
Nevertheless, given the plurality of insurance providers in the
region, it is a challenging task to choose the best two-wheeler insurance
policy according to one's exact needs.
Okay, I will make it easy for you.
All you need to do is cut down the minutes of your day and check
out the brief descriptions of the top five best bike insurance companies in
India below to make a well-informed choice.
Top Five best two-wheeler insurance providers
Bharti AXA
Two-wheeler Insurance:
Bharti AXA is one of the largest and trusted insurance firms in
India. It is proud to have customized technical integration as one of the few
insurance providers. The insurance provider provides insurance solutions to the
insurance needs of various buyers. It offers a wide range of insurance plans for multiple
models of top two-wheeler manufacturers.
Key features:
The key features of
Bharti AXA two-wheeler insurance are as follows:
- It is a
flexible long-term plan that offers discounts of up to 20%.
- It provides
contingency coverage of Rs 1 lakh as well as basic insurance coverage for
the pillion rider.
- It provides
an online purchase and renewal facility for two-wheeler insurance.
- Online
instant copy issuance policy.
- One time
premium.
- Various
payment forms, for smooth digital premium transactions.
- It gives a
discount for members of the Automobile Association.
- In this,
free servicing in cashless network garages in India.
- The skilled
24X7 customer support team quickly resolves claims-related and other
policy-related problems.
- Affordable
insurance provides an add-on for comprehensive coverage at a premium.
HDFC ERGO
Two-wheeler Insurance:
HDFC ERGO is another successful insurer offering comprehensive
two-wheeler insurance cover at competitive rates. The company has a national
and global presence and has an effortless application and renewal procedures
for policy. The "IAAA" score is a testament to the highest settlement
ratio of claims by HDFC Ergo. HDFC ERGO is ISO certified and proud of its
excellent customer service quality, superior information security, smooth
policy issuance and claims service process.
Key features:
- Instant
issuance and renewal of policies online.
- Customizable
policy for two-wheelers.
- It provides
repayment to the policyholder of two-wheeler and all accidental damages.
- Along with
repair services, goods are available for two-wheelers.
- Policyholders
can submit claims online.
- Efficient
customer support round the clock to help policyholders resolve policy and
service-related questions/issues.
- Customer
Voice Box.
Bajaj Allianz
Two-wheeler Insurance:
Dependencies, seamless services, innovative products and a
robust customer-oriented approach make Bajaj Allianz one of the most
sought-after two-wheeler insurance names. In addition to winning ABP's 2014
title of "Best General Insurance Company in the Private Sector,"
Bajaj Allianz was also honored with several other prestigious awards such as
"Claims Innovation of the Year” and “Golden Peacock Award 2014”.
Here are the main
features of Bajaj Allianz Bike Insurance:
- Compensates
for loss or damage to two-wheelers caused by natural disasters such as
earthquakes, cyclones, floods, etc. as well as human-made concerns such as
theft, riots, terrorist activity, etc.
- It provides
insurance protection to third parties in case of property damage,
accidental injury, or death.
- Easy renewal
of an online policy.
- Free
services are available in selected garages.
- 24X7
Customer Support to provide immediate support for any policy or
service-related problem.
- Quick
settlement/support and hassle-free claims and various free services.
- SMS update
regarding the status of the insured two-wheeler claim.
TATA AIG
Two-Wheeler Insurance
When talking about India's top two-wheeler insurance providers,
it is not difficult to speak about TATA AIG. The company consistently ranks
with the best insurance companies in the country with its comprehensive
insurance for all two-wheelers with several significant benefits.
Key features:
- Free
two-wheeler pickup in the event of an accident.
- Six-month
warranty to repair accidents (policyholder secured for TATA AIG Auto).
- Option to
file claims directly online.
- Insured
payment within seven days.
- In the event
of property damage or incidents involving injury to the body of a third
party, there is full and partial loss of two-wheelers.
- Add on the
available cover - No claim bonus protection, depreciation reimbursement,
daily allowance, key replacement, return invoice, etc.
- Compensation
for loss of personal belongings inside the insured two-wheeler in case of
an accident.
- Round-the-clock, dedicated customer service team that resolves any policy or service-related problem in minimum turnaround time.
Reliance General
Two-wheeler Insurance
Reliance General Insurance, by the Reliance group, is one of the
largest insurance companies in India, offering excellent insurance plans for
two-wheelers. The company makes it easy to understand why it remains a
sought-after option when it comes to bike insurance in India with its
comprehensive range of coverage and a wide range of services and features.
Key features:
- Fast and
hassle-free settlement of claims through NEFT.
- Options for
easy policy renewal tools available online.
- Every year,
No Claim Bonus (NCB), the establishment of anti-theft devices, membership
of recognized Automobile Association, etc.
- Simple and
hassle-free settlement of claims in the event of damage with the
protection of third party liability to two-wheeler insured due to
accident, disturbance, theft, and various natural disasters.
- Free
repair/replacement services in any 2,100 network garages in India with INR
1,500 towing fee allowance.
- 24X7 customer support phone or email accessibility.
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