National Insurance Two Wheeler

National Insurance Company, India's one of the largest and oldest general insurance company which provides tailor-made and comprehensive insurance plans. It's the only Public Sector General Insurance Company to introduce product customization both Corporate and Rural insurance plans. General Insurance of this Group is an important sector where the company promises to deliver a product which meets the requirements of a common man. Multiple insurance plans like Motor Insurance Plans, Two wheeler insurance plans, Health Insurance Plans, Rural Insurance Plans, Industrial Insurance Plan, Commercial Risk Insurance Plans, Personal Accident Plans, Home Insurance Plans for Individuals and other types of insurance too which are tailor-made and customer friendly and completely transparent.

Here we will discuss the National Insurance Two-wheeler Insurance Plans

Why National Two Wheeler Insurance Plans are necessary?

Two wheeler vehicles are always treated as an important asset in our lives. But again driving a two-wheeler is always dangerous and really risky and one has to be careful and cautious always. But accidents might happen at any point of time due to someone else not following the traffic rules or due to some untoward incidents. And that is why one should avail auto insurance plans to protect oneself and to cover from all unexpected expenses. Not only this, but natural calamities can also occur at any point of time and hence protection/security against such unpleasant incident is also of utmost importance. Hence to avail, 2-wheeler insurance plan is of utmost important because:

  • Protecting one’s two-wheeler vehicle, one of the most important assets and investment
  • The plans allow the payment of medical bills in case of an accident
  • In case of an accident-related lawsuit the insurance company will take care if there is a insurance plan availed
  • The plan protects the assets which one has worked hard for from being lost due to the lawsuit. And the plans ensure the best to be given to the insured person
  • The insurance plan not only pays for accidents and natural calamities but also for theft and vandalism. The plans are very well designed and they are tailor-made to take care of the requirements
  • Last but not the least; one has the peace of mind when he goes out with his two-wheeler. He/she know that he has the insurance plans which will take care of him and the car in case of any unforeseen circumstances

Each and every two-wheeler owner should have an insurance plan which gives the coverage of the third party injury, death or property damage. Hence, National  Insurance provides a two wheeler insurance which protect the vehicle from any untoward incidents. One should choose the two-wheeler insurance plans very carefully so that the plans cover all the protection that one needs for his vehicle and for oneself.

Why National Two Wheeler Insurance Policy?

National Insurance two wheeler plans come with the following unique features and benefits:

  • Online two wheeler insurance purchase and renewal
  • Provides two wheeler insurance coverage along with personal accident cover for co-passenger for up to Rs 1 lakh
  • Low-cost plans with tailor-made coverages
  • Fast and hassle-free cashless claim service
  • No Claim Bonus is also available
  • Swift and faster claim settlement process
  • Tracking of claim status online
  • Existing No Claim Bonus can be transferred from any other insurer

Here we will see an overview of National Insurance Two Wheeler Plan.

National Insurance Two Wheeler Policy Coverage

There are two types of covers that are available under the plan which are namely :

  • Liability Only Cover: This plan covers any legal liability after an accident. It covers the below-mentioned risks:
  • Package Cover: Under this plan, it covers all the liabilities as per the Motor Vehicles Act, as well as the damages caused to the vehicle. It’s a comprehensive Motor Plan which covers both third-party risks and loss/ damages to one’s own vehicle , co-passenger or self. The plan covers Own Damage to the Insured Vehicle caused due to the following:
    • Injury or Death of Third Party
    • Property Damage ( Third Party Property Damage up to Rs. 7.5 lakhs)
  • Burglary, Housebreaking or Theft: This plan covers the loss or damage burglary, housebreaking or theft.
  • Fire, Explosion, Self-Ignition or Lighting: This plan covers the expenses which is uncured under fire, explosion. Self-ignition as well as lighting.
  • Malicious Act: The  Plan covers even the Malicious act as well.
  • Terrorist Act: The  Plan covers the human activity of Terrorist Act also.
  • Riot and Strike: Under this plan, the riots and strike are also covered.
  • Earthquake & Fire: Both earthquake and fire are treated as the most common phenomenon in a life cycle and hence this plan covers these two important unpleasant incidents also.
  • Accidental by external means.
  • Natural calamities like flood, typhoon, hurricane, storm, cyclone, hailstorm, tempest and Inundation are also covered under this plan.
  • Landslide or Rockslide are covered under the Package Plan.

Subject to a deduction of depreciation at the rates as mentioned below with respect to the parts replaced:

i) For all rubber/ nylon/plastic parts, tires, tubes and batteries- 50%

ii) For fibreglass components- 30%

iii) For all parts made of glass- Nil

iv) Rate of depreciation for all other parts which includes wooden parts as well as per the below mentioned schedule:

Age of Vehicle

% of Deprecation

Not exceeding 6 months

Nil

Exceeding 6 months but less than 1 year

5

Exceeding 1 year but less than 2 years

10

Exceeding 2 years but less than 3 years

15

Exceeding 3 years but less than 4 years

25

Exceeding 4 years but less than 5 years

35

Exceeding 5 years but less than 10 years

40

Above 10 years

50

The important exclusions are as follows:

  • Consequential loss
  • Wear and tear
  • Mechanical or electrical breakdown failures or breakages
  • Driving with invalid driving license and with consumption of alcohol
  • Loss due to civil war, war
  • Usage beyond private purposes and limits
  • Usage beyond specified borders
  • Damage to tyres and tubes unless the two-wheeler is also damaged at the same time and under this plan, the company will pay only 50% of the cost of replacement
  • Loss or damage to accessories due to burglary housebreaking or theft
  • Any accidental loss due to the consumption of alcohol, drugs

This plan covers the towing charges as well from the incident place to the garage or the workshop to the tune of Rs 300/- with respect to any one accident. The company will pay the cost which is reasonable. The insured may authorize the repair of the vehicle provided:

  • The estimated costs of the repair which includes replacement as well do not exceed Rs 15/-.
  • A detailed estimated statement is furnished to the company.

Insured Declared Value (IDV)

IDV or the Insured Declared value is the Sum Insured of a vehicle. The IDV is derived from the producer’s selling price of a car of the similar specifications and from this value, the relevant amount of depreciation is deducted based on the age of the vehicle. IDV of vehicles which are beyond 5 years of age and are treated as obsolete models, there the IDV is to be determined on the basis of the consideration between the insurer and the insured.

Schedule of depreciation for fixing the IDV of the vehicle 

Age of Vehicle

% of Deprecation

Not exceeding 6 months

5

Exceeding 6 months but less than 1 year

15

Exceeding 1 year but less than 2 years

20

Exceeding 2 years but less than 3 years

30

Exceeding 3 years but less than 4 years

40

Exceeding 4 years but less than 5 years

50

 

IDV of vehicles beyond 5 years is treated as obsolete models and the same arrives after a mutual understanding between the insured and the insurer.

Section II -Liability to Third Parties

The Coverage of third party liability for bodily injury and or death are also covered under this plan.

  • Death or bodily injury to any person including the occupants in the insured vehicle
  • Damage to property other than the property of the insured person or held in trust or in custody or control of the insured
  • The company will pay all the costs with a written consent
  • The company will cover the loss for any driver who is driving the vehicle on the insured’s order or permission provided the terms and conditions are met
  • In the event of death, the company will indemnify the personal/ legal representative
  • The company at its own discretion may arrange for representation at any Inquest or Fatal injury with respect to death under this plan. Also, the company may undertake the defence of proceedings in any Court of Law

Section III - Personal Accident Cover for owner-driver

The company compensates the loss as per the below grid for bodily injury or death of the owner-driver while driving caused by violent accidental external and visible means. The insurer offers personal accident cover up to Rs. 15 Lakh.

Nature of Injury

Scale of compensation

Death

100%

Loss of two limbs or two eye sights or one limb and one eyesight.

100%

Loss of one limb or one eyesight

50%

Permanent Total Disablement from injuries other than as mentioned above.

100%

Provided:

  • The compensation will be payable under any one of the above as listed with respect to the owner diver arising out of any one occurrence
  • No compensation will be entertained due to to intentional self-injury suicide or attempted suicide physical defect or infirmity and consumption of alcohol or drugs.

Exclusions under National Insurance Two Wheeler Policy

There are a few general exclusions which are there in National General Two Wheeler Insurance Plan. The company will not be liable to grant cover in any of the following events or incidents happening:

  • Any loss or damage and liability caused to the vehicle due to willful negligence
  • Any loss or damage and liability caused to the vehicle outside the geographical boundary as laid down in the policy document
  • Any claim arising due to a contractual liability
  • Damage/ loss caused or liability incurred  due to
    • The insured vehicle is driven or being used outside the limitations mentioned  in the plan or
    • Being driven by an unauthorized person other than the Driver as stated in the Driver’s Clause
  • Damage/ loss caused or liability caused due to nuclear weapons material
  • Damage/ loss caused or liability caused due to damage to property resulting from any consequential loss
  • Damage/ loss caused or liability caused directly or indirectly from radioactive contamination or ionizing radiations from any nuclear power or nuclear waste or materials
  • Accidental loss/ damage/ liability due to war or warlike activities, hostilities, invasion, civil war, military power, mutiny rebellion, acts of foreign enemies and events arising out of the mentioned occurrences
  • Consequential loss, depreciation, wear and tear, mechanical or electrical breakdown

National Insurance Bike Renewal Process

Every two wheeler insurance policy needs to be renewed before its due date. If the policy is not renewed on time, the policyholder will not be able to raise any claims and will also lose policy benefits, such as No Claim Bonus.The good part is that the national insurance bike renewal can be done online. Besides, the process is extremely easy and effortless. Take a look at the national insurance bike renewal process below:

  • Go to the two wheeler policy renewal section on the website
  • Enter the previous policy number as well as details of the policyholder
  • Review the two wheeler insurance plan to be purchased
  • Choose the add-on covers to be bought
  • Make a payment towards National Insurance bike renewal online
  • Once the payment is successful, the policyholder will be intimated about policy renewal.

Procedure to Claim National Insurance Two Wheeler Policy

The claim service of the company is highly efficient and of a high standard. One can make 24x7 claims notification. Timely customer service and assistance along with the survey and further assistance within a day. Simple claims procedure and ensuring high customer satisfaction.

  • Call at the toll-free no of the company and lodge the claim. The following information’s are to be provided:
    • Policy Number
    • Date and time of the accident
    • Estimated loss/ description
    • Survey location where the vehicle can be surveyed by our loss assessor
    • Name of the driver with contact no and his/ her driving license details
    • Insured Contact Details
    • Claim representative will contact the insured person for further process
    •  Claim representative will provide the claim reference number for future reference
    • After the claim gets submitted and the same is approved, a text message will be sent intimating the surveyor details
    • A Surveyor is appointed to assess the loss of the insured vehicle and inspection of the same. Post which the approval is given and the insured is intimated about the claim status
    • The Surveyor will contact for a suitable time for a survey and will conduct the survey
    • After this, one can contact at CHD / Surveyor when the vehicle is ready for inspection

Documents needed to register a claim National Insurance Two Wheeler Policy

Documents which are to be submitted at the time of registering a claim are as under:

  • Duly Filled Claim Form
  • Copy of Driving License
  • Certificate of Registration
  • Police FIR
  • Motor Insurance Policy with schedule and endorsement/ clause
  • Copy of the plan and receipt of payment of premium
  • Fitness certificate( Commercial Vehicles only)

Contact

  • One can contact at the toll-free number of the company

National Insurance Two Wheeler Insurance - FAQs

Written By: PolicyBazaar - Updated: 16 February 2021

National Insurance Two Wheeler Reviews & Ratings

4.8 / 5 (Based on 37 Reviews)
(Showing Newest 25 reviews)
Rohit
K.c. Pur, March 19, 2021
Numerous Methods to Make Online Payment
I purchased National Two-Wheeler Insurance for my Bajaj Pulsar 150CC bike through policybazaar.com. First of all, I want to say that despite being new at online purchase I did not find any difficulty in online purchase of bike insurance policy as their user interface is very easy, Moreover, policybazaar.com provides numerous options to make an online purchase which includes the use of debit/ credit card, NEFT transfer, using UPI payment, Net-Banking, etc. are to name a few. I used debit card payment and purchased policy without any issue.
Hemali
K.c. Pur, March 09, 2021
Quick and Simple Policy Renewal
I wanted to renew the National Two-Wheeler Insurance policy online and I selected policybazaar.com as a platform. The understandable user interface of this website helped me to quickly renew my policy.
Janki
J.n.prasad, March 09, 2021
Easy Claim Settlement Process
My Honda Activa is insured with a National Two-Wheeler insurance policy. Due to an accident, I had to file a reimbursement claim for my two-wheeler and I took the help of policybazaar.com. Here I want to mention that this is the best decision that I have made as the executive at policybazaar.com helped me throughout the claim settlement process. The settlement process would not be that simple and quick if I would have contacted the insurance provider directly. Thank you, team, policybazaar.com.
Mehul
K.c. Pur, February 18, 2021
Tight budget is not a problem
I bought my dream bike recently but I have put almost all my money into it. I had to get it insured but I had tight budget. I went on policybazaar’s website and found the National insurance policy which suited my budget. Thanks team.
Shaoni
Laharpur, February 18, 2021
Would suggest you all
I bought a Royal Enfield recently and got it insured under National insurance which I purchased from Policybazaar’s website. I would suggest you all to buy your insurance policy from this website only. It provides you with all kinds of information. Thanks team
Rutuja
J.n.prasad, February 18, 2021
All kind of information
I got all the information I needed before buying the National insurance for my brand new Bajaj pulsar 220. Policybazaar made it possible for me as it was an effortless experience and I loved it.
Sarah
N.e.khawdungsei, February 17, 2021
User-friendly website
I bought a Honda Activa for my kid and wanted to get it insured. People in my office advised me buy the National insurance so I went on to Policybazaars website as I see their advertisement on TV and I must say it is a user-friendly website and I bought the policy very quickly.
Armaan
Sabang, February 17, 2021
Claim assistance
My bike was insured with National Insurance which I bought from the Policybazaar. At the time of claim settlement Policybazaar assisted me and got it done in a few minutes. Thanks team.
Yash
Babhleshwar, February 17, 2021
National insurance is good
I was looking for an insurance policy for my Honda Access and after going through many insurance policies I landed on National insurance as it fulfills all the requirements. It is a good policy for two wheelers.
Vedansh
Babhleshwar, February 10, 2021
Renewal of the policy
Last year I renewed my two wheeler insurance policy from the website of the national insurance. It was easy and quick and I really don’t have to follow long steps. I easily renewed my policy online. Great work team.
Tanmay
Habra, February 08, 2021
Online payment is safe
I bought a Yamaha FZ25 recently and wanted to get it insured with National insurance. I wanted an online solution for this with a safe payment gateway. I was suggested by my friend to do it on Policybazaar’s website and yes he was right, everything was precisely explained and the payment gateway was secure. Thanks team
Nishant
Baarod, February 08, 2021
All information on whatsapp
This is something exciting that I experienced recently. I got all the details related to the National insurance policy for my bike on my whatsapp in a doc file in a very précised manner from policybazaar. I am amazed. Thanks team.
Devansh
Nabadwip, February 05, 2021
Guidance is provided
Policybazaar’s customer executive guided me when I was looking for a bike insurance policy. It was my first time as I bought a Royal Enfield Classic and the customer executive guided me through-out the process. Thanks man.
Siddharth
Nabadwip, February 05, 2021
Time savior
I got my TVS Jupiter insured with National insurance. My policy was about to expire so I had to renew it. I got it done in a few minutes from Policybazaar’s website and saved a lot of time in my busy schedule.
Anjali
Ichoda, February 01, 2021
Quick and easy renewal
My bike is insured under National insurance and I was looking for an online solution to get my insurance renewed. I just went on the Policybazaar’s website and the renewal process was pretty quick and easy. It took me a few minutes and my insurance was renewed.
Tanya
J.n.prasad, February 01, 2021
Smooth experience
I bought a Bajaj Pulsar 150 CC and wanted to get it insured under National insurance. I just wanted a smooth process without much hassle. As I have seen the advertisements of Policybazaar on TV so I thought of trying it and trust me it is exactly like they say on the advertisement. Smooth and hassle-free experience. Good Job guys.
Enakshi
Ichoda, January 29, 2021
Compare and buy
I was looking for an insurance policy of my TVS Apache RTR 180. I just went on to the Policybazaar website which let me compare among different policies and buy the one best suited for me.
Garima
Habra, January 29, 2021
Frequent claiming process
I purchased National health insurance from Policybazaar for my bike a few months ago. I was amazed with the quick claim settlement and I appreciate it. Thanks
Henna
Udagamandalam, January 29, 2021
Easy payment process
I bought a Honda CBR 150 recently and I got it insured with National insurance. I bought the insurance from Policybazaar.com and the payment process was so easy that it did not take me more than a few minutes to get my bike insured. Thanks team
Sushobhan
Farenda, October 05, 2020
Best plan
I feel that national insurance has given me best plan for my two wheeler insurance policy. It is really amazing and worth according to the price. Thanks team national insurance.
Sukhdev
N.paravur, October 01, 2020
Survey is easily done
At the time of the claim my two wheeler survey was done. It was done by the customer care of the national insurance and there was no such load given to me. Thanks a ton national insurance.
Sunil
Habra, September 30, 2020
Make online payment
I have made the payment online for my two wheeler insurance policy. It is very good way to make the payment and it is much transparent in nature. You have the proof of everything. Thank you national insurance.
Shivesh
Farenda, September 28, 2020
Choose add on covers
I have choose the add on covers along with my two wheeler insurance policy. The add on covers includes the depreciation cover and no claim bonus. I am thankful to team national insurance for such wonderful plans.
Prakash
Vadali, September 23, 2020
Claim settlement
I have filed for the claim for my two wheeler with the help of the national two wheeler company. The claim was easily settled and my two wheeler was repaired on time. It was done in a very best manner. All thanks to national insurance company.
Padmapati
Lahul And Spiti, September 21, 2020
Man-made disaster
I have taken the two wheeler insurance policy from the national insurance company and along with that I got the features and safety related to man-made disasters such as curfew, riots, accidents, losses, theft etc. Thank you team for such good plans.
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