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.
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