HDFC ERGO Two Wheeler Insurance

Nearly 1.5 lakh people lose their lives every year due to road accidents in India. To ensure the safety of the citizens, it is made mandatory for all the vehicle owners to have motor insurance in India. HDFC ERGO General Insurance Company offers motor insurance policies for both commercial and private vehicles. If you own a bike or scooter, then HDFC ERGO two wheeler insurance policy is recommended for you to enjoy a hassle-free bike riding experience.

Read more
Insure bike in 60 seconds
1.1 Crore+ Bikes Insured
Get Two Wheeler Insurance starting at only ₹1.3/day*
Enter bike number (e.g DL1SB1234)
Processing

Why Choose HDFC ERGO Two Wheeler Insurance?

Here are some of the key features of HDFC ERGO two wheeler insurance that make it worth the buy:

  • Paperless documentation
  • Discount on premium up to 70%
  • No Limits on Claim
  • Round the clock customer support available over a call and email
  • Accredited with ‘iAAA’ rating by ICRA based on their claim paying ability
  • Transparency in claim settlement procedure and policies
  • Approval within 24 hours of the damaged vehicle reaching the workshop
  • Easy to download insurance document online on the payment of premium

Types of HDFC ERGO Two Wheeler Insurance Plans with Inclusions

HDFC ERGO Comprehensive Two-wheeler Insurance Inclusions

HDFC ERGO Third Party Cover

HDFC ERGO third party covers Two-wheeler Insurance Inclusions from unforeseen liabilities that may arise from any loss or damage caused to a third-party person or property from your vehicle. It includes-

  • Financial liabilities arising due to third-party death or injuries resulting due to an accident or collision with your two-wheeler.
  • Personal accident cover up to Rs. 1 lac in case of disability, and death of the owner due to an accident
  • Coverage against third-party property damages caused by your vehicle

Comprehensive Insurance Plan

In HDFC ERGO comprehensive bike insurance policy own damages are covered. It includes the physical damage and financial loss arising due to an accident or collision. Majorly it recompenses-

  • Loss or damage resulting due to an accident
  • Theft of the insured vehicle
  • Fire and Explosion Cover
  • Damage resulting due to natural calamities
  • Personal Accident Cover of Rs. 15 lakhs

1. Standalone Motor Own Damage HDFC ERGO two wheeler insurance: This type of policy is designed for those who want to buy a standalone cover for their own damages for their bike or scooter. Anyone holding a third party bike insurance that is valid for at least a year can buy this type of policy. Coverage is provided for:

  • Accidents
  • Fire & Explosion
  • Theft
  • Natural Calamities

2. Long-Term Comprehensive Insurance: This type of two-wheeler insurance policy is designed to protect your ride for five years. The risks covered include accident, calamity, theft, fire, explosion and personal accident cover of Rs. 15 lakh.

Compare two wheeler insurance plans online at Policy Bazaar to get the best deal on a bike insurance policy.

HDFC ERGO Two Wheeler Insurance Add-on Covers

It is always a good idea to enhance your protection with these add-on covers that you can buy with a comprehensive two-wheeler insurance policy. Pamper your vehicle and stay protected by opting for these add-on covers. Extra premium is required to be paid to avail these add-on benefits:

1. Emergency Roadside Assistance Service

Immediate help will be provided to you in case your bike breaks down due to an accident or technical issues. Round the clock road assistance is provided so that you can enjoy your peace of mind.
It also includes emergency fuel delivery, tyre replacement cover, emergency accommodation in the event of a break down, towing to the nearest workshop, small repairs on the spot, etc.

Round-the-clock assistance is offered in case your two-wheeler breaks down. The services include loss of key assistance, minor repairs, duplicate key assistance, towing assistance, tyre change, fuel tank emptying and battery jump start.

2. Zero Depreciation Cover

Usually, a bike insurance claim is paid after deducting the depreciation value of the vehicle parts. HDFC ERGO Zero-depreciation bike Insurance cover means that you will be paid the entire amount without any deductions. For instance, if your bike is damaged and the claim amount is Rs. 10,000and the depreciation value is Rs. 2,000 then you will receive only Rs. 8,000 as compensation. With this additional benefit, the insurer will pay you the complete amount. Except for the battery and tyres, depreciation on parts is not calculated for claims arising due to partial losses.

How is Sum Insured Calculated?

  • IDV or the Insured Declared Value is the amount of sum insured that is provided by the insurer in case the two-wheeler is damaged or stolen. Simply put, it is the current market value of the two-wheeler, on which the HDFC ERGO two wheeler insurance premium is calculated at the time of two wheeler insurance policy purchase or renewal.
  • IDV of a bike with fitted accessories is calculated on the basis of the price listed by the manufacturer. On the basis of the vehicle age, depreciation is adjusted in the insurance premium. It is only valid for claims arising out of the total loss of the vehicle.

Applicable Depreciation for Fixing the IDV of the Insured Two-Wheeler

Vehicle Age Depreciation Value (%)
Up to 6 months 5
6 months to 1 Year 15
1 to 2 Years 20
2 to 3 Years 30
3 to 4 Years 40
4 to 5 Years 50

HDFC ERGO Two Wheeler Insurance No-Claim-Bonus

No-claim-bonus is the discount that the insurer offers on the premium if the policyholder has not made a claim during the policy term. NCB is accrued to the insured’s account and can be availed at the time of renewing the policy. It is a reward for keeping a good driving record and avoiding accidents-

NCB Applicable on own damage premium during a policy period –

Policy Tem NCB (%)
1 Year 20
2 consecutive years 25
3 consecutive years 35
4 consecutive years 45
5 consecutive years 50

HDFC ERGO Two wheeler Insurance Renewal

It is an easy and hassle-free process of HDFC ERGO Two Wheeler Insurance renewal online. For insurance renewal the insured can call at HDC ERGO’s toll-free number and one of their representatives will offer the desired assistance. Below are some of steps for online renewal-

  • Provide your vehicle insurance policy details to renew HDFC ERGO two wheeler insurance online
  • Select the add-on covers to enhance protection
  • Submit the details to get an idea of HDFCERGO bike insurance renewal premium
  • Once the payment is done, your two wheeler insurance policy will be renewed

HDFC ERGO Two wheeler Insurance Exclusions

There are exclusions added to the policy:

  • Loss or damage outside India
  • Failure or mechanical breakdown
  • Damage caused while driving without a license
  • General wear and tear of the two-wheeler
  • Depreciation
  • Damage by a person driving under the influence of alcohol or drugs
  • Any consequential losses
  • Claims arising due to contractual liabilities
  • Any damage or loss resulting due to war like conditions and nuclear radiations

Please refer to policy wordings to know more about limitations under HDFC ERGO Two wheeler Insurance Plan.

HDFC ERGO Bike insurance Claim Procedure

HDFC ERGO two wheeler insurance claim process is as follows-

For smooth processing of HDFC ERGO bike insurance claims following information is required -

  • NEFT details in the claim form
  • A cancelled cheque
  • For claims more than Rs.1 lakh, you need to submit KYC details.
  • A photocopy of KYC documents is also required - Driving License, Aadhaar Card, Voter ID, Passport, etc.

HDFC ERGO 2 wheeler insurance Cashless Claim Procedure in the Network Garages-

  • Call at their toll-free number to get the contact number of the nearest network garage
  • If it possible drive the damaged two-wheeler or get it towed to the nearest workshop
  • The surveyor will assess all the damages caused to your vehicle
  • Fill all the required information in the claim form
  • Submit all the related documents
  • The insurer will send updates about the claim status through email and SMS
  • Once the damage is repaired, you need to settle the bills. Pay off the depreciation value, compulsory deductibles, etc. to the workshop and take your vehicle home. The insurer will directly settle the balance amount with the network garage
  • The claims computation sheet will be provided to you with the entire break up for your future records

Reimbursement Claim Procedure

  • Intimate a claim at their helpline number or through their Mobile App
  • The claim form needs to be duly filled with all the required information
  • All the documents need to be provided to the insurer
  • The claim will be processed once all the documents are received
  • All the damages or losses will be assessed by the surveyor
  • The status of the claim will be updated through SMS/Emails
  • Payment can be made through NEFT or by a Cheque
  • The insurer will provide you will the claims computation sheet with an entire break up for your future records

Some important points to remember while filing a claim for your HDFC ERGO two wheeler insurance policy-

  • In the event of theft, bodily injuries, property damages, and other major damage, it is required to submit the copy of Police FIR
  • In case of major damages, report the incident before the damaged vehicle is removed from the spot. It allows the insurance provider to arrange for spot inspection of the damage.
  • In the event of a strike, riots, third-party damages and damage due to malicious activity, it is essential to immediately inform about the incident at the nearest police station

Documents required when filing a claim with HDFC ERGO Two-wheeler insurance

To file a claim for accidental damages you need to submit the following documents-

  • Copy of the Driving License and Registration Book
  • Claim Form
  • Copy of your HDFC ERGO bike insurance policy
  • Police FIR copy
  • Estimate of repairs

HDFC ERGO Two-wheeler insurance - FAQs

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 55 Reviews)

Two Wheeler insurance articles

Recent Articles
Popular Articles
Common Problems Faced by Bike Owners and Their Solutions

10 Jun 2024

As a motorcycle owner, you might face various problems that
Read more
10 Best Bikes for Long Rides in India 2024

07 May 2024

Are you the one who want to cruise through the winding roads of
Read more
MCWG Driving License in India

01 May 2024

To regulate and ensure safe operation, every motorbike owner in
Read more
9 Tips to Maintain Your Bike's Engine

22 Apr 2024

Since the engine is your bike's heart, it is essential to keep
Read more
Best Engine Oil for Bikes in India 2024

18 Apr 2024

In the fast-paced world of biking, you must ensure your riding
Read more
Three Easy Ways to Check Bike Insurance Expiry Date Online
As significant as it is to buy a bike insurance policy for your motorbike, it is equally important to renew it
Read more
How to Check Bike Owner Details by Registration Number?
In a world full of different types of two-wheelers, each one has its unique identity enclosed in its registration
Read more
Vehicle Owner Details by Registration Number
Vehicle owner details can come in handy in various situations, such as road accidents, cases of reckless driving
Read more
10 Best Bikes for Long Rides in India 2024
Are you the one who want to cruise through the winding roads of the Himalayas or explore the beautiful coastline
Read more
How to Get Bike Insurance Details by Registration Number?
According to the IRDA, all bike owners must hold at least a third-party bike insurance policy in India. The bike
Read more

HDFC ERGO Two Wheeler Insurance Reviews & Ratings

4.4 / 5 (Based on 55 Reviews)
(Showing Newest 10 reviews)
Juhi
Habra, January 29, 2021
Easy to Renew
The two wheeler insurance policy for my TVS Apache bike was getting expired. I decided to give Policybazaar a try and was happy with the services they offered. I only had to enter a few details and my policy was renewed within no time. Even the payment was made online which made the process convenient. Recommend to all.
Latika
Trichy, January 29, 2021
Impressive Services
I was looking to buy two wheleer insurance for my Bajaj Pulsar bike. My sister suggested to try Policybazaar and I was happy with the plan options they had. I was able to choose HDFC ERGO plan as it suited my budget and offered my preferred coverage. The premium was easily paid online and I received my policy quickly. Happy with the services.
Pooja
J.n.prasad, January 29, 2021
Faster Process
I recently purchased an HDFC ERGO two wheeler insurance at Policybazaar for my TVS Jupiter scooty. They had several options from different insurance companies. I could compare them all based on their premium and the coverage benefits. I found HDFC ERGO most suitable and purchased it within a few minutes.
Ashi
Aallapalli, July 02, 2020
24 hours policy
Recently, I purchased the two wheeler policy from policybazaar and it was immediate basis. Everything was done vey quickly and within a day my policy related work was done.
Shahid
Faizabad, July 01, 2020
Satisfied
I want to share my experience with hdfc ergo and policybazaar. Both the companies are very good with respect to plans and services.
Sukesh
Adoor, June 30, 2020
Transparency
I purchased the two wheeler policy from policybazaar and they are very transparent to their work. They told me each and every thing related to the policy. I am happy.
Vinit
R.g.pur, June 29, 2020
Great Coverage
The coverage and the benefits provided in the policy is very nice. It covers major things which actually a policyholder wants.
Pracheen
Agartala, June 29, 2020
Easy and quick renewal
I like the system of renewal of policy. It was real quick. And also I got the notifications from policybazaar for the renewal.
Rakesh
Chabhal, June 21, 2020
Pay online
With the help of digitization I can purchase the policy from anywhere and I can make the payment at anytime. Thanks team.
Shyam
Machalisahar, June 21, 2020
Low prices
As I searched for the two wheeler policy plan from policybazaar website I came to know that it provide low premium rate. Compared and found best plan.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis