United India Two-Wheeler Insurance
United India Insurance Company was established on 18 February 1938, and its general insurance business was nationalized in India in 1972. The company understands the importance of two-wheeler insurance plans and offers different policies to meet the requirements of its owners. Read on to know everything about United India two-wheeler insurance policy.
United India Two-wheeler Insurance – Key Features
Here are the key features of United India bike insurance policy:
|Two-wheeler Network Garages
|Claim Settlement Ratio
|(As per the motor insurance annual report 2021-22)
|Personal Accident (PA) Cover
|Up to Rs. 15 Lakh
Things to Know About United India Bike Insurance Policy
Here are the key benefits that 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 two-wheeler insurance renewal and buying process.
- Excellent customer assistance team to address all types of insurance-related queries.
- Avail a No Claim Bonus (NCB) discount ranging from 20% to 50%.
Ways to Avail Discount by the United India Bike Insurance
The discounts provided by United India bike insurance are:
No Claim Bonus
The company offers the ‘No Claim Bonus’ discount to its customers. The ‘No Claim Bonus’ or NCB is the discount given to the policyholder for every claim-free year. The NCB starts with 20% and reaches up to 50% for five consecutive claim-free years. The most exciting part of this discount is that an insured can retain it even if they sell their two-wheeler and get a new one. The table below defines the percentage of NCB for every claim-free year:
Claim Free Years Discount (%) 1 year 20% 2 consecutive years 25% 3 consecutive years 35% 4 consecutive years 45% 5 consecutive years 50%
Installing Security Device(s)
A two-wheeler with anti-theft devices gets an additional discount of 2.5% (maximum) on the insurance premium. Remember that the Automotive Research Association of India (ARAI) should certify these anti-theft devices.
A deductible is the percentage of the amount an insured agrees to pay from their pocket in case of a mishap or accident by/of their vehicle. The higher the deductible, the lower the bike insurance premium will be paid.
If the insured two-wheeler is a member of the Automobile Association of India (AAI), it attracts an extra discount on the two-wheeler insurance premium.
Process for United India Insurance Two Wheeler Policy Renewal
An insured can renew their United India two-wheeler insurance online by following the below steps:
- Step 1: Go to the official website of the United India Insurance Company.
- Step 2: Click the ‘Motor Insurance’ tab and select the ‘Quick Renewal’ option from the drop-down.
- Step 3: A new page asks an insured to enter their policy number to be renewed.
On providing the policy number, the insured has to pay the renewal fees through credit/ debit card or net banking as the renewal amount.
United India Bike Insurance Claim Process
An insured should follow the below steps to file a claim in case of an accident:
- Step 1: Intimate the United India Insurance Company by calling or visiting its nearest branch.
- Step 2: If the accident is major, then it is suggested to keep the two-wheeler at the spot of the accident so that the surveyor can easily inspect it.
- Step 3: Also, click the photos or shoot a video of the damaged vehicle as they work as evidence further.
- Step 4: If any third-party liabilities are involved in the accident, the insured must inform the nearest police station immediately.
- Step 5: Send the damaged vehicle to the authorized workshop only after the surveyor's approval.
- Step 6: Fill out the claim form to complete the repair and submit this form to the insurance company with the other required documents.
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United India Two Wheeler Insurance – FAQs
Ans: In this case, the insured must inform the insurance company as soon as possible so that the company can send a duplicate copy of the policy. However, the insured must pay small compensation for a duplicate copy.
Ans: An insured is required to possess a valid driving license to apply for a claim with United India Insurance Company.
Ans: The premium of United India Two-Wheeler Insurance depends on various factors, which are:
- Insured Declared Value
- The cubical capacity of the two-wheeler
- Registration location
- Type of Coverage
- Add-on covers
Ans: The basic tenure of United India's two-wheeler insurance policy is one year; however, getting a long-term bike insurance policy is mandatory if you have purchased a new bike
Ans: You can settle bills only with a registered workshop. However, you cannot pay the bill directly with a non-registered garage.
Q6. Can I enjoy the No Claim Bonus benefits for an expired United India two-wheeler insurance policy?Ans: An insured is given a grace period of 90 days to renew an expired two-wheeler insurance policy. The 'No Claim Bonus (NCB)' remains with the insured during this grace period. However, if they fail to renew the policy within these 90 days, they lose NCB.
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United India Two-Wheeler Insurance Reviews & Ratings
^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