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7 Motorcycle Insurance Providers In 2019

The population of India is 132.42 crores as of 2016. There is one bike for every two persons in here. As the density of population is high so is the density of motorbikes on the roads. It is mandatory to buy a bike insurance policy as per the motor vehicles act in India. You should buy a comprehensive bike insurance policy to fulfill the legal obligation as well as to protect various kinds of risks on the road.

Selection of Insurance Company 

As there are many two-wheeler insurance companies in India, you can go through the details of various kinds of policies offered by different companies to settle for the best insurance plan for your bike. However, you must be aware of the reputed insurance companies of India so that you can make selection very easily. Mentioned below are top 7 bike insurance providers of India in 2019:

HDFC Ergo

The company offers two-wheeler insurance policy at an affordable price without compromising the benefits. It has branches spread across the country. You can buy and renew the policy very easily. The insurance provider has good ration of claim settlement and offers satisfactory customer service. 

Features

  • Quick issuance of an online insurance policy
  • Easy procedure to renew the policy online
  • Repair services for bikes and its accessories
  • Claims can be filed online
  • Dedicated 24/7 customer support for dealing the policy/service issues
  • Voice box facility for customers

TATA AIG

TATA AIG is the top two-wheeler insurance providers of India. This company provides the international experience to the customers of India. The company offers various kinds of comprehensive as well as liability policies. It provides policies to fulfill the emerging needs of urban as well as rural two-wheeler commuters.

Features

  • Warranty on accident repairs for 6 months
  • Free vehicle pick-up after the accident
  • Claim settlement in 7 days
  • Claim filing facility online
  • Covers partial and complete loss of vehicle
  • Add-on covers including depreciation reimbursement, return invoice, key replacement and daily allowance
  • Compensation for personal belongings loss
  • 24/7 customer s support

Bharti AXA

The company offers an extensive range of insurance policies to fulfill the needs of various kinds of bike owners. There are insurance policies for various models of vehicles. Bharti AXA is the largest and one of the reputed general insurance companies in India.

Features

  • Long-term policy
  • Discounts up to 20%
  • Buying and renewing policy online
  • Multiple payment modes
  • 24/7 customer support

Bajaj Allianz

The Bajaj Allianz Two Wheeler Insurance company has its network spread across the country. It is one of first insurance providers in India to introduce two-wheeler insurance products. The award-winning company provides the best service and support by offering various kinds of motocycle insurance products.

Features

  • Compensation for loss of bike due to natural calamities or natural disasters
  • Online policy renewal facility
  • Cashless service facility at network garages
  • Third-party liability benefits
  • Two-wheeler claim status by SMS
  • Policy-related service through 24/7 customer support
  • Quick settlement of claims

Reliance General Insurance

This Company is a part of Reliance Group. It offers different kinds of plans to fulfill the requirements of different types of bike owners.

Features

  • Quick and easy online policy creation and renewal facility
  • Quick claim-settlement and funds transfer by NEFT
  • Additional discounts in the form of NCB, device for anti-theft and membership of Automobile Association
  • Processes damage of the vehicle due to natural or manmade disasters

New India Assurance

This government-owned company is the oldest general insurance companies of India. The company offers policies to cater to the requirements of all kinds of two-wheeler owners. This ‘A’ rated company deals with the requirements and problems of extensive range of customers.

Features

  • The best grievance resolution mechanism
  • Quick claim processing
  • Protection of vehicle against flood, fire and manmade disasters
  • You can purchase a policy for a minimum of 2 or 3 years
  • Online policy renewal option
  • Add-on passengers are covered by the policy

SBI General Insurance

SBI General Insurance Company caters to different types of customers (corporate, SME, and retail). The company offers an extensive range of customer-oriented products. You can choose the best two-wheeler insurance plan from the company as per your needs.

Features

  • Covers natural calamities like flood, fire, and cyclones
  • Man-made disasters like theft are covered by the policy
  • An insurance policy can be customized as per the needs of the customer
  • Compulsory personal accident insurance for individual owners

Over to You

These are reputed motorcycle insurance companies in India that are offering a wide range of insurance policies. Vehicle owners should be aware of the best insurance plans and should make an informed choice. It is very much important to maintain the vehicle as well as the insurance policy in an up-to-date condition. A comprehensive insurance policy covers all kinds of risks and you have great peace of mind while riding than with a third-party two-wheeler insurance plan!

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