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How to find the best bike insurance provider in India?

best bike insurance provider in India

If it comes to choosing a two-wheeler insurance policy, we are sure that you have heard enough from different bike insurance providers about the benefits and coverage offered in various types of bike insurance plans.

Third-party two-wheeler insurance is compulsory in India under the Motor Vehicles Act, 1988. Despite being a legal mandate, insurance serves as an added benefit in case of loss or damage to a two-wheeler due to any unforeseen events.

Along with third-party liability benefits, two-wheeler insurance plans offer various additional benefits such as free services/two-wheeler repair as well as its accessories, other discounts, etc.

However, given the sheer multiplicity of insurance providers in the country, choosing the right two-wheeler insurance policy to suit one's exact needs and budget often becomes a difficult task.

Let us help you and give you a brief overview of Two-Wheeler Insurance with some unique features and benefits that will help you make an informed and intelligent decision. 

List of best two-wheeler insurance provider in India

Two-wheeler insurance policy covers all types of two-wheelers, including motorcycles and scooters, by offering coverage against any third-party liability. Apart from this, it also protects you extensively from unnecessary fiscal losses in the event of loss or damage resulting from any accident/mishap.

When you plan to buy a bike insurance policy online, be sure to compare different bike insurance quotes and determine the features included in the policy. The two-wheel insurance policies on offer in India are described below:

Bajaj Allianz Two-Wheeler Insurance:

Bajaj Allianz General Insurance Company was established in 2001 and is one of the best and largest insurance companies in India. Since its inception, it has expanded rapidly with a presence in around 200 cities across the country.

It offers a wide variety of insurance products to suit the needs of diverse customers. Due to its innovative digital applications, the company has been successful in establishing itself in the market.

Bajaj Alliance's two-wheeler insurance provides outstanding value and the company guarantees its customers an excellent experience. 

Go Digit Two-Wheeler Insurance:

Digit General Insurance is one of the most prominent general insurers in India. The company was founded in 2016 by Mr. Kamesh Goyal, former CEO of the Bajaj Alliance.

The name Top General Insurance Limited was eventually changed to Go Digit General Insurance. Go Digit is backed by Fairfax (a financial company headquartered in Toronto, Canada).

Bangalore-based Go Digit General Insurance offers health insurance, auto insurance, cycle insurance, travel insurance, mobile insurance, jewelry insurance, commercial vehicle insurance, and home insurance policies.

Go Digit 2019 has been listed among the top 5 two-wheeler insurance companies in India based on last year's results.

HDFC ERGO Two-Wheeler Insurance:

Established in 2002, HDFC ERGO General Insurance Company Limited is a joint venture between HDFC Limited and ERGO International AG (Munich Re Group's insurance company). With a presence in 91 branches and over 2000 employees in 108 branches, the company has an extensive insurance portfolio. 

TATA AIG Two-Wheeler Insurance:

Tata AIA Life Insurance Company Limited is a joint venture between Tata Sons Limited and AIA Group Limited (Asia's largest independent life insurance company listed in 18 markets in the Asia-Pacific region).

A Tata subsidiary; The company has been honored and listed among the best two-wheeler insurance companies in India for a decade in 2019. 

Shri Ram Two-Wheeler Insurance:

As of 2012, it has been a joint venture between Shriram Capital Limited and Sanlam Limited (South Africa). Shriram General Insurance provides products like car insurance, liability insurance, and protection.

Fire Insurance, Technical Insurance, Marine Insurance. And once again this year, the company has managed to be among the top 5 two-wheeler insurance companies in India in 2019.