United India Bike Insurance
United India bike insurance policy is a two-wheeler insurance plan offering financial coverage to meet two-wheeler owners' requirements. It covers the damage or loss incurred to the insured bike against theft, accident, fire, explosion, natural calamities, man-made disasters, etc. The United bike insurance policy also protects the policyholder against third-party liabilities that may arise in a road accident.
United India Bike Insurance Policy – Key Features
Categories | Key Features |
Two-wheeler Network Garages | 500+ |
Claim Settlement Ratio | 95% |
Customer Assistance | Available 24x7 |
Personal Accident (PA) Cover | Up to ₹ 15 Lakh |
*Disclaimer: The above table highlighting the key features is for reference purposes only. To know the exact features, refer to the policy wordings provided by the insurer.
Why Choose United India Bike Insurance Policy?
Here are the key benefits an insured gets with the United India bike insurance policy:
- A wide and strongest network of 3,100+ authorized two-wheeler garages across India.
- Easy and digitalized renewing/buying process of bike insurance.
- Excellent customer assistance team to address all types of insurance-related queries.
- Avail a No Claim Bonus (NCB) discount ranging up to 50%.
Types of United India Bike Insurance Policy
United India Insurance Company (UIIC) is a central public insurance company administered by the Ministry of Finance India. The company offers two types of bike insurance plans, explained below:
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Two-Wheeler Package Policy
This comprehensive two-wheeler insurance policy offers extensive coverage for both own damage and third-party liabilities in a policy. It is divided into two sections in a policy, providing coverage in the following manner:
1. Section I (Own Damage - OD)
- Protection against damage from accidents.
- Covers losses due to fire or electrical issues.
- Loss or damage due to theft or burglary is covered.
- Protection against damage caused by terrorism.
- Covers damages resulting from riots or strikes.
- Includes earthquakes, floods, cyclones, inundations, landslides, etc.
- Coverage for damage while the insured two-wheeler is transported by rail, road, air, elevator, lift, or inland waterways.
2. Section II (Liability Coverage)
Covers bodily injury or death of third parties and damage to third-party property. It also covers the legal liability for the death/disability of a third person, along with the damages caused to third-party property.
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Two-Wheeler Liability Only Policy
A two-wheeler liability-only policy is a third-party bike insurance policy offering coverage solely for third-party liabilities, not damage coverage. It includes bodily injuries or death of third parties and damage to third-party property. Moreover, it covers court costs and expenses with written consent.
In the event of the insured's death, their legal representative will be indemnified, provided they follow the policy terms & conditions.
United India Two-Wheeler Insurance Policy Coverage
- Inclusions
- Exclusions
Below are the inclusions of the United India two-wheeler insurance policy:
- ✅Covers the damage from accidents.
- ✅Covers the third-party damages in a road accident.
- ✅Covers losses due to fire or electrical issues.
- ✅Covers the loss or damage due to theft or burglary.
- ✅Protection against the damage caused by terrorism, strikes, or riots.
- ✅Protection against damage from earthquakes, floods, cyclones, inundations, landslides, etc.
Below are the exclusions of United India's two-wheeler insurance policy:
- ❌Loss arising out of contractual liability.
- ❌Loss or damage caused by war or nuclear perils.
- ❌Damage sustained in the insured vehicle due to drunken driving or under the influence of drugs.
- ❌Loss due to depreciation or wear and tear.
- ❌Loss due to mechanical or electrical breakdown.
- ❌Raising claims outside the geographical area specified in the policy documents.
- ❌Raising claims arise when the insured vehicle is used or driven more than its limitation, as defined in the policy wordings.
- ❌Loss or damage sustained when a person drives the insured vehicle without having a valid DL, RC, or bike insurance policy.
*Disclaimer: The coverage of the United India bike insurance policy includes general inclusions and exclusions. Refer to the policy wordings to understand the exact coverage.
Depreciation Rates for Bike Components
Different bike components are subject to depreciation as below:
- Nylon, rubber, plastic Parts (example: tubes, batteries, or tyres): 50% depreciation
- Paint material: 50% depreciation
- Fiberglass parts: 30% depreciation
- Glass parts: zero depreciation
- Other parts (including wooden components): depreciation applicable as per the policy schedule defined in the documents.
Depreciation Rates Based on the Age of Bike
Here is a scheduled rate of depreciation depending upon the age of the vehicle:
Age of Vehicle | % of Depreciation |
Post issuance of the plan; however, not more than 6 months |
0% |
Post 6 months after plan issuance but not later than 1 year | 5% |
Post 1 year after plan issuance but not later than 2 years | 10% |
Post 2 years after plan issuance but not later than 3 year | 15% |
Post 3 years after plan issuance but not later than 4 years | 25% |
Post 4 years after plan issuance but not later than 5 years | 35% |
Post 5 years after plan issuance but not later than 10 years | 40% |
Post 10 years after plan issuance | 50% |
*Disclaimer: The rates provided are for reference purposes only. Please review the policy documents for complete terms and conditions.
Personal Accident (PA) Coverage for Two-Wheeler Owners
United India Insurance Company offers compensation up to ₹15 lakh to the bike owner in case of bodily injury or death due to an accident. The compensation provided under PA cover is discussed below:
-
Condition Along with Compensation Rate (in %)
- Loss of 1 eyesight or 1 limb 50%
- Loss of 1 eyesight and 1 limb or 2 limbs or both the eyesight 100%
- Permanent total disability due to specified injuries 100%
- Accidental Death 100%
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Important Points to Consider While Buying Personal Accident (PA) Cover
- Compensation is available for only one condition, as listed above in the table.
- The total compensation cannot exceed ₹15 lakh in a single insurance period.
- The insurer does not entertain the claims raised due to intentional self-harm, suicide, pre-existing physical defects or infirmities, or accidents occurring under the influence of drugs or alcohol.
How to Buy or Renew United India Bike Insurance Policy?
Follow these steps to purchase or renew a United India bike insurance policy via Policybazaar.com:
- Step 1: Visit Policybazaar.com, go to 'Insurance Products', and select 'Bike Insurance'.
- Step 2: Enter your bike number and click 'View Prices'. If you do not have the bike number, select 'Bought a New Bike' to continue.
- Step 3: Enter details about your bike, such as model, variant, city, RTO, and manufacturer, then click 'View Plans'.
- Step 4: Choose the United India bike insurance plan from the given options.
- Step 5: Select the policy type, i.e. third-party or comprehensive coverage.
- Step 6: If needed, buy add-on covers, such as NCB protection cover, zero dep cover, etc., to enhance the base policy coverage.
- Step 7: Pay the premium using a credit/debit card, UPI, or net banking, and receive a copy of your policy sent to the registered email address.
How to File a Claim with United India Bike Insurance Policy?
Here's how to file a claim based on the different types:
-
For Theft Claim
Here is how you can raise a theft claim:
- Report the theft to the nearest police station and obtain an FIR.
- Submit the FIR to the insurance company.
- A surveyor will be assigned to assess the situation.
- Inform your RTO about the theft.
- Gather and submit all required documents.
- If the bike is untraceable for over a month, provide a police 'untraceable report' for claim settlement.
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For Accident Claim
- Notify your insurer about the accident and fill out the claim form online.
- A surveyor will inspect the damage.
- Submit all necessary documents to process your claim.
- For cashless settlement, repair your bike at a network garage. For reimbursement, repair at any garage, pay upfront and claim reimbursement.
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For Third-Party Claim
- Notify your insurer about the accident.
- Submit the court summons to the insurance company.
- Complete and sign the claim form.
- Provide all required documents.
- The case will be adjudicated by the Tribunal court.
Documents Required for Raising United India Bike Insurance Claims
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For Theft Claims
- Signed claim form
- RC Copy of the vehicle with original keys
- Driving License (DL)
- Original bike insurance policy
- FIR with a detailed theft report
- 'No-trace report' from the police
-
For Accident Claims
- Signed claim form
- Original RC copy of the vehicle
- Original DL of the vehicle owner
- Copy of the first two pages of the bike insurance policy
- Motor Collision Report (MCR) or FIR
- Original repair estimate
- Original repair invoice and payment receipt (for non-network garages)
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For Third-Party Claims
- Signed claim form
- Police FIR
- Original Driving License
- Original two-wheeler insurance policy
- RC copy of the bike
- Company-registered vehicle documents, if applicable
United India Two-Wheeler Insurance - FAQs
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Q. What is the claim ratio of United India for motor insurance?
Ans: The claim settlement ratio of United India General Insurance Company is 95% for motor insurance. -
Q. Which policy is good for 2-wheelers?
Ans: When it comes to securing your two-wheeler, a comprehensive bike insurance policy is always considered an ideal solution for covering all the damages. It offers coverage against third-party liabilities as well as own damage due to several unpredictable incidences. -
Q. How to claim United insurance for bike?
Ans: To raise a claim under your United India bike insurance policy, contact the insurance provider and inform them about the incident. The assistance team will further guide you in getting your vehicle repaired.
^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