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HDFC ERGO Bike Insurance Claims
With a Claim Settlement Ratio of 100% for the FY 2022-23, the HDFC ERGO General Insurance Company has pre-defined its popularity among their two-wheeler insurance customers. The company also offers 24-x7-customer assistance so policyholders can easily claim their two-wheelers.
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HDFC ERGO Bike Insurance Claim Process Online
To raise claims under your HDFC bike insurance online, you can follow the below steps-
Step 1: Register your claims online by downloading, filling, and signing the claim form available on the insurer's official website or Policybazaar.com.
Step 2: Upload the supporting documents asked the insurance company.
Step 3: The insurer will send a surveyor to assess the damages caused to the insured bike and calculate the extent of loss to prepare an assessment report.
Step 4: Send your bike to an authorized network garage once you get approval from the insurer.
Step 5: Repair your two-wheeler and get the claim amount directly in your bank account in case of the reimbursement process. However, if you have chosen a cashless process, the insurer will directly settle the bill with the authorized garage.
Common Reasons for HDFC ERGO Bike Insurance Claim Rejections
There are some common conditions where the insurance provider rejects your HDFC ERGO bike insurance claims. To give you better insights, here are some common grounds on which bike insurance claims can be rejected-
- Violation of traffic rules
- Act of negligence
- Fraudulent activities while raising claims
- Not having relevant and sufficient supporting documents
- Delay in informing about the incident to the insurer
- Loss/damage caused while driving under the influence of alcohol or drugs
- Carrying invalid or inactive DL, RC, or two-wheeler insurance policy.
HDFC ERGO No Claim Bonus in Bike Insurance Policy
When you purchase a comprehensive or standalone own-damage policy, you can receive the benefits of a No Claim Bonus (NCB) for every claim-free year. An NCB is a reward given to the policyholder for driving safely and not raising claims. The cumulative bonus (NCB) can go up to 50% in the fifth consecutive year.
However, if you submit a minor claim, your cumulative bonus (NCB) will become zero. Hence, it is advised to refrain yourself from filing claims for minor dents or small damages.
Here is a table showing how a No Claim Bonus (NCB) works for you-
| No. of Claim-free Years | No Claim Bonus (in percentage) |
| For 1st year | 20% |
| For consecutive 2nd year | 25% |
| For consecutive 3rd year | 35% |
| For consecutive 4th year | 45% |
| For consecutive 5th year | 50% |
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FAQs for HDFC ERGO Bike Insurance Claim
-
Q1. What is the process of filing HDFC bike insurance claims?
Ans: Call 1800-258-5881 for assistance from our customer assistance team, and enjoy a hassle-free claim process at Policybazaar.com. -
Q2. What are HDFC cashless bike insurance claims?
Ans: The insurance provider directly settles the repair bill with the authorized network garage in cashless claims. -
Q3. What is the claim settlement ratio of HDFC ERGO bike insurance?
Ans: In the financial year 2022-23, the CSR of HDFC ERGO bike insurance is 100%
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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^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
