HDFC Ergo Own-Damage Bike Insurance Policy

HDFC Ergo standalone own-damage bike insurance policy safeguards all types of  two-wheelers against unforeseen risks and damages. The policy gives bike owners peace of mind by covering the expenses incurred in repairing and replacing parts due to damages from insured perils.

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HDFC Ergo Own-Damage Bike Insurance Policy – Key Features

Here are a few reasons explaining the key features of HDFC Ergo own-damage bike insurance:

Categories Key Features
Policy Coverage
  • It offers protection against the damages caused by an accident.
  • It offers financial coverage for the theft of the insured bike.
  • It cover damages caused by natural and man-made disasters, such as floods, earthquakes, landslides, riots, vandalism, etc.
Policy Premium
  • The own-damage bike insurance policy is quite affordable.
  • You can choose add-ons like NCB protection cover, 24x7 roadside assistance cover or PA accident cover by paying an additional premium to enhance the coverage.
Convenience
  • With zero paperwork, there is instant policy issuance.
  • Smooth and hassle-free bike insurance online purchasing and renewal process.
  • Provide PAN-India services with 8500+ cashless garages.

Why Choose HDFC Ergo Own-Damage Bike Insurance?

Opting for HDFC Ergo own-damage bike insurance brings several advantages to meet individual insurance needs:

  • Advanced Digital Solutions: HDFC Ergo General Insurance Company Limited offers advanced digital solutions to streamline the bike insurance online purchase process. From instant policy issuance to bike insurance online claim filing, policyholders avail seamless digital experience.
  • Several Add-Ons and Features: The HDFC Ergo bike insurance policy offers a range of add-on covers to cater to diverse requirements. Some common bike insurance add-ons include engine protection cover, consumable cover, zero depreciation cover, etc., offering enhanced protection at an affordable premium rate. However, you cannot buy these add-ons with your third-party bike insurance policy.
  • Dedicated Customer Support: A company has dedicated customer assistance to ensure a hassle-free experience for the insured. This includes 24/7 customer helplines to make bike insurance claim process smooth and address insurance-related queries instantly and effectively.

Inclusions of HDFC Ergo Own-Damage Bike Insurance

The HDFC Ergo own-damage bike insurance policy covers:

  • Damage to the insured bike due to accidents, collisions, or overturning.
  • Loss or damage caused by fire, explosion, lightning, and self-ignition.
  • Theft of the insured bike.
  • Damage from natural calamities such as floods, earthquakes, cyclones, etc.
  • Damage from man-made disasters like riots, strikes, malicious acts, etc.

Exclusions of HDFC Ergo Own-Damage Bike Insurance

Some exclusions under the HDFC Ergo own-damage bike insurance policy include:

  • Any third-party liability arising in a road accident due to the insured bike.
  • Damage or loss caused to the insured bike due to driving under the influence of alcohol or drugs.
  • Damage sustained in the motorcycle when driving without a valid DL, RC, or own damage bike insurance policy.
  • Wear and tear of the insured bike over time.
  • Losses due to illegal activities or intentional acts, such as racing.
  • Consequential losses or damages not explicitly covered under the policy terms.

How to Buy HDFC Ergo Own-Damage Bike Insurance Online?

To buy HDFC Ergo own-damage bike insurance online, follow the below procedure:

  • Step 1: Visit the official website of Policybazaar Insurance Brokers Private Limited, and choose 'Insurance Products' from the top menu bar.
  • Step 2: Select 'Own-Damage Bike Insurance' and click the 'View Prices' button to continue with the details.
  • Step 3: Get quotes from the top insurers in India for own-damage bike insurance. Compare and choose the HDFC Ergo policy and add the desired add-ons.
  • Step 4: Enter all the details related to your vehicle and nominee.
  • Step 5: Finally, pay the bike insurance premium for your chosen plan and receive the policy copy at your registered email ID.

How to Raise HDFC Ergo Own-Damage Bike Insurance Claim?

To raise a claim under your HDFC Ergo bike insurance policy, follow the below process:

  • Step 1: Immediately inform the insurance company about the incident to initiate the claim process.
  • Step 2: Download the claim form from the insurer's website. Then, fill it out, sign it properly, and submit it with the mandatory documents requested by the insurance provider.
  • Step 3: The insurance provider will send the surveyor to examine the extent of loss and prepare an assessment report to be shared with the insurer.
  • Step 4: The insurer will accept or reject the claim request by reviewing the assessment report.
  • Step 5: If your claim request is approved, send your bike to any cashless network garage for repairs. In this case, the insurance provider will directly settle the bills with the insurer. Otherwise, you can select reimbursement services and send the damaged bike to nearby garages for repair, pay the repair bill expenses on your own, and later receive the money in your bank account from the insurance company.

Documents Required for HDFC Ergo Own-Damage Bike Insurance Claim

To raise your own-damage bike insurance claim, you must have the following documents:

  • Duly filled and signed claim form
  • First Information Report (FIR) if applicable
  • Registration Certificate (RC) of the bike
  • Driving License (DL) of the person riding the insured bike during the accident
  • Own-Damage (OD) bike insurance policy
  • Other documents, as requested by the insurance provider

FAQs About HDFC Ergo Own-Damage Bike Insurance Policy

  • Q1. What is covered under HDFC Ergo own-damage bike insurance?

    Ans: HDFC Ergo own-damage bike insurance financially covers the loss caused to your bike due to accidents, theft, natural calamities, and man-made disasters as specified in the policy.
  • Q2. How can I purchase HDFC Ergo own-damage bike insurance online?

    Ans: You can buy HDFC Ergo own-damage bike insurance online by visiting Policybazaar.com, entering your bike details, comparing quotes, and completing the purchase process digitally.
  • Q3. What documents are required to file a claim under HDFC Ergo own-damage bike insurance?

    Ans: Required documents include a copy of the FIR (if applicable), driver's license, bike registration certificate, valid own-damage bike insurance policy, filled claim form, and any additional documents the insurance provider asks for.
  • Q4. How is the claim settlement process for HDFC Ergo own-damage bike insurance?

    Ans: The company facilitates a seamless claim settlement process. Once the claim is filed, a surveyor assesses the damages, and upon approval, repairs can be carried out at a network garage with bills settled directly by the insurance company.
  • Q5. Can I enhance my HDFC Ergo own-damage bike insurance policy with add-ons?

    Ans: Yes, with various add-ons such as zero depreciation cover, engine protection cover, roadside assistance cover, etc., you can enhance the policy coverage to meet your pre-determined needs.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 55 Reviews)

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HDFC Ergo Own-Damage Bike Insurance Policy 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