When it comes to protecting your two-wheeler, choosing the right insurance policy is crucial. With so many options available in the market, it can be overwhelming to select the best bike insurance company in India. In this article, we will explore the top bike insurance companies in India, their features, benefits, and what sets them apart from the rest.
Reliance General Two-Wheeler Package Policy
Reliance General Insurance is one of the leading insurance companies in India, offering a comprehensive two-wheeler package policy. This policy offers discounts on premiums and EMI protection cover, making it an attractive option for bike owners. With Reliance General, you can enjoy cashless claims at over 1,100 garages across India.
- Fees: ₹1,500 – ₹5,000 per year
- Features: Discounts on premiums, EMI protection cover, cashless claims at over 1,100 garages
- Benefits: Comprehensive coverage, personal accident cover, third-party liability
ICICI Lombard Two-Wheeler Insurance
ICICI Lombard is another prominent insurance company in India, offering a comprehensive two-wheeler insurance policy. This policy covers damages to the vehicle, personal accident cover, and third-party liability. ICICI Lombard has a wide network of garages and offers cashless claims, making it a convenient option for bike owners.
- Fees: ₹1,200 – ₹4,500 per year
- Features: Cashless claims, personal accident cover, third-party liability
- Benefits: Comprehensive coverage, add-ons like zero depreciation cover
TATA AIG Bike Insurance Policy
TATA AIG is a well-known insurance company in India, offering a range of insurance products, including bike insurance. Their bike insurance policy offers a variety of add-ons, such as zero depreciation cover, road assistance, and consumables cover. TATA AIG has a strong network of garages and offers cashless claims, making it a popular choice among bike owners.
- Fees: ₹1,500 – ₹6,000 per year
- Features: Add-ons like zero depreciation cover, road assistance, consumables cover
- Benefits: Comprehensive coverage, cashless claims, personal accident cover
Bajaj Allianz Two-Wheeler Insurance
Bajaj Allianz is a leading insurance company in India, offering a long-term two-wheeler insurance policy. This policy offers coverage for up to three years, making it a convenient option for bike owners who want to avoid annual renewals. Bajaj Allianz has a wide network of garages and offers cashless claims, making it a popular choice among bike owners.
- Fees: ₹1,200 – ₹4,000 per year
- Features: Long-term policy, cashless claims, personal accident cover
- Benefits: Comprehensive coverage, add-ons like zero depreciation cover
HDFC Ergo Two-Wheeler Insurance
HDFC Ergo is a prominent insurance company in India, offering a comprehensive two-wheeler insurance policy. This policy offers no limit on the number of claims, making it an attractive option for bike owners. HDFC Ergo has a wide network of garages and offers cashless claims, making it a convenient option for bike owners.
- Fees: ₹1,500 – ₹5,500 per year
- Features: No limit on the number of claims, cashless claims, personal accident cover
- Benefits: Comprehensive coverage, add-ons like zero depreciation cover
IFFCO Tokio Two-Wheeler Insurance
IFFCO Tokio is a leading insurance company in India, offering a range of insurance products, including bike insurance. Their bike insurance policy offers zero depreciation cover, making it an attractive option for bike owners. IFFCO Tokio has a strong network of garages and offers cashless claims, making it a popular choice among bike owners.
- Fees: ₹1,200 – ₹4,500 per year
- Features: Zero depreciation cover, cashless claims, personal accident cover
- Benefits: Comprehensive coverage, add-ons like road assistance
SBI General Bike Insurance
SBI General is a prominent insurance company in India, offering a comprehensive bike insurance policy. This policy covers personal and third-party liabilities, making it an attractive option for bike owners. SBI General has a wide network of garages and offers cashless claims, making it a convenient option for bike owners.
- Fees: ₹1,000 – ₹4,000 per year
- Features: Cashless claims, personal accident cover, third-party liability
- Benefits: Comprehensive coverage, add-ons like zero depreciation cover
Digit Two-Wheeler Insurance
Digit is a new-age insurance company in India, offering a range of insurance products, including bike insurance. Their bike insurance policy offers a cashless claims facility and personal accident cover, making it an attractive option for bike owners. Digit has a strong network of garages and offers a hassle-free claims process, making it a popular choice among bike owners.
- Fees: ₹1,000 – ₹3,500 per year
- Features: Cashless claims, personal accident cover, add-ons like zero depreciation cover
- Benefits: Comprehensive coverage, hassle-free claims process
ACKO Bike Insurance
ACKO is a new-age insurance company in India, offering a different range of insurance products, most especially bike insurance. Their bike insurance policy offers personal accident cover and cashless claims facility, making it an attractive option for bike owners. ACKO has a strong network of garages and offers a hassle-free claims process, making it a popular choice among bike owners.
- Fees: ₹1,000 – ₹3,000 per year
- Features: Cashless claims, personal accident cover, add-ons like zero depreciation cover
- Benefits: Comprehensive coverage, hassle-free claims process.
What to Consider When Choosing a Bike Insurance Company
When choosing a bike insurance company in India, there are several factors to consider. Here are some key considerations:
Scope of coverage: Consider the type of coverage you need, including third-party liability, personal accident cover, and own damage cover.
Background of the insurer: Research the insurer’s reputation, claim settlement ratio, and add-ons offered.
Cashless network garages: Check the number of network garages the insurer has tied up with for cashless repairs.
Policy terms and conditions: Read the policy document carefully and consider the inclusions and exclusions.
Online insurance: Consider the ease of buying and renewing policies online.
FAQs
Here are some frequently asked questions about bike insurance in India:
What is the minimum insurance required by law?:
Third-party insurance is mandatory by law.
What is the difference between third-party and comprehensive insurance?:
Third-party insurance covers liability to third parties, while comprehensive insurance covers own damage and third-party liability.
How do I make a claim?:
Notify your insurer, register your claim, and submit the required documents.
What documents do I need to submit to buy bike insurance online?:
You need your bike’s registration number, engine capacity, and personal details.