TATA AIG Own Damage Bike Insurance Policy

The TATA AIG own-damage bike insurance policy, often known as a standalone own-damage (OD) bike insurance policy, covers damages to your two-wheeler from accidents, theft, natural disasters, man-made disasters or vandalism. The policy focuses solely on repairing or replacing damaged parts of your bike. This OD bike policy insurance protects your vehicle from unexpected events, giving you peace of mind while riding. Read more about TATA AIG OD bike policy here.

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TATA AIG Own Damage Bike Insurance Policy - Key Features

Outlined below are the key features of the TATA AIG own-damage bike policy:

Categories Key Features
Policy Coverage
  • Provides financial coverage for accidental loss or damage.
  • Compensates for theft of the insured bike.
  • Offers protection against natural calamities.
  • Coverage against man-made disasters. 
Policy Premium
  • Reasonable premium rates.
  • Add-ons are available to extend coverage with an additional premium.
  • Mandatory Personal Accident (PA) cover requires an extra premium.
Convenience
  • Easy bike insurance policy issuance with no paperwork.
  • Smooth claim settlement process supported by numerous network garages.
  • Options to buy or renew the policy online.

*Disclaimer: The features listed above are for reference only. For precise coverage details, please review the policy wording thoroughly.

Why Choose TATA AIG Own Damage Bike Insurance?

A two-wheeler own-damage insurance policy is essential for protecting your bike against unexpected expenses from accidents, theft, and natural or man-made disasters. The TATA AIG OD bike insurance policy is separate from the mandatory third-party bike insurance policy and should be purchased alongside it for full coverage. 

Bike own-damage insurance policy offers the following benefits:

  • Affordable Premium Rates: TATA AIG offers competitive premium rates for its own damage bike insurance policy, making it accessible for bike owners to obtain coverage without straining their finances.
  • Easy, Paperless Policy Issuance: TATA AIG General Insurance Company Limited offers a hassle-free process for purchasing the own damage bike insurance policy. The purchase process can be completed online without the need for extensive paperwork, saving you time and effort.
  • Smooth Claim Settlement Process: The insurance company has a wide network of authorised garages where you can get your bike repaired after an accident or damage. This ensures a smooth claim settlement process, eliminating any delays or inconveniences.

Inclusions of TATA AIG Own Damage Bike Insurance

The inclusions of TATA AIG own-damage (OD) bike policy are outlined below:

  • Damages from natural calamities like hailstorms, earthquakes, floods, etc.
  • Damages due to man-made events such as terrorist attacks, civil disorder, etc.
  • Compensates for repairs if the insured two-wheeler is damaged due to a road accident.
  • Losses from theft.
  • Protection against spontaneous ignition, explosions, and transit-related damages.

Exclusions of TATA AIG Own Damage Bike Insurance

Here's a list of TATA AIG OD bike insurance policy exclusions:

  • Regular wear and tear of the bike is excluded.
  • Damages if the motorcycle is used in unauthorised ways according to the policy are excluded.
  • Damages if the rider does not possess a valid driving licence, RC, PUCC, or bike insurance policy are not covered.
  • Mechanical or electrical breakdowns are not covered.
  • Damage to third-party vehicles or property is not covered.
  • Injuries caused to third-party in an accident are not covered.
  • Damages if the rider is under the influence of alcohol or other intoxicating substances are excluded.
  • Any damage or loss to the insured vehicle outside policy terms.

How to Buy TATA AIG Own Damage Bike Insurance Online?

The steps to purchase TATA AIG own-damage two wheeler insurance policy online are as follows:

  • Step 1: Open Policybazaar.com and click 'Insurance Products' at the top. 
  • Step 2: Select the 'Own-Damage Bike Insurance' option to proceed further.
  • Step 3: Submit the correct details of your bike and tap on the 'View Prices' button.
  • Step 4: From the list of options, pick 'TATA AIG Own Damage Bike Insurance'
  • Step 5: Provide the requested details accurately.
  • Step 6: Finally, make the premium payment online, and you will receive the OD bike insurance policy document on your registered email ID. 

How to Raise TATA AIG Own Damage Bike Insurance Claims?

The steps below can help you raise TATA AIG own-damage (OD) bike insurance claim:

  • Step 1: Inform insurance company or provider about the incident via email or phone call.
  • Step 2: Visit the insurer website, download the claim form, fill it out accurately, and sign it.
  • Step 3: Gather and attach necessary documents to the completed claim form.
  • Step 4: A surveyor will be assigned to evaluate the extent of damages to the insured vehicle.
  • Step 5: The company will review the surveyor's report and make a decision regarding the approval or rejection of your claim.
  • Step 6: If the claim is approved, you can get cashless repairs at any of the company’]s network garages. Alternatively, if you are getting your bike repaired at a non-network garage, pay the bill upfront and submit it to the company for reimbursement.

Documents Required for TATA AIG Own Damage Bike Insurance Claim

You will need to furnish the following documents while raising a TATA AIG bike insurance policy claim request:

  • Completed and signed claim form
  • Motorbike's Registration Certificate (RC)
  • Valid TATA AIG OD policy document
  • Copy of FIR report (if applicable)
  • Driving Licence of the bike rider
  • Any additional documents requested by the insurer

FAQs About TATA AIG Own Damage Bike Insurance Policy

  • Q1. Can I claim bike insurance for own damage?

    Ans: Yes, you can claim TATA AIG own damage bike insurance for damages to your bike caused by accidents, theft, natural disasters, and man-made calamities.
  • Q2. What is the TATA AIG own damage bike insurance policy expiry date?

    Ans: The own damage insurance coverage typically lasts for one year from the policy start date and is renewable annually.
  • Q3. Can I claim TATA AIG OD bike insurance policy for bike dent?

    Ans: Yes, if the dents are caused by accidental damage, you can raise a claim under your TATA AIG Own Damage (OD) cover in the bike insurance policy.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 36 Reviews)

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TATA AIG Own Damage Bike Insurance Policy Reviews & Ratings

4.8 / 5 (Based on 36 Reviews)
(Showing Newest 10 reviews)
Ish
Bhubaneswar, October 09, 2021
Excellent service
If I talk about my experience with Policybazaar, it has been great so far. It has been a long time since I am using the Tata aig bike plan that I bought from Policybazaar. I have received excellent service since the beginning. Completely satisfied with my plan
Divyansh
Jalandhar, October 09, 2021
Remarkable services
I have received noteworthy services from Policybazaar during the renewal of Tata aig plan which I bought for my bike last year. This was the first renewal so I was not aware of the process. So I took the help of a customer service executive for the renewal.
Ramlal
Kolkata, October 09, 2021
Financial support
Thanks to Policybazaar for giving a great suggestion. i got financial assistance when my bike got damaged. Policybazaar provided me all the facilities, which were promised when I was taking Tata aig Two Wheeler Insurance from here.
Sriram
Dhanbad, August 18, 2021
Easy to manage
Policy bazaar offered me a great deal for my vehicle. I bought Tata AIG two wheeler policy which was easy to buy online.policy bazaar has easier payment method which is quite good. i liked the proffesionalism and supportive nature in the team. i found easy to manage with the policy bazaar.
Pratul
Moradabad, June 04, 2021
Comprehensive cover
I recently bought Tata AIG two wheeler insurance after comparing it with five other plans. I was able to do so through policybazaar. Everything went very smoothly and I got comprehensive coverage for me and my bike. Thank you Tata AIG and policybazaar.
Mudit
Hardoi, June 04, 2021
Insurance company change
Last year I changed my two wheeler insurance company to Tata AIG. It was an easy process for getting good benefits and better claim settlement ratio. Thank you policybazaar for assisting.
Ashish
Jaipur, June 04, 2021
No claim bonus
Three years ago I bought Tata AIG bike insurance plan and I have been renewing it since then. I also received no claim bonus last year. Thank you policybazaar for your easy online services.
Nolan
J.n.prasad, October 12, 2020
More exposure
I have insured my two wheeler with the help of tata aig two wheeler insurance policy from the policybazaar. I have got to know about different plans and the policies. Thank you policybazaar.
Shreshta
Vadgaon, September 28, 2020
Natural calamities
I have taken the tata aig two wheeler insurance policy from the policybazaar. It has given me the coverage related to natural calamities and other things. Thank you team policybazaar.
Sahdev
Quilandy, September 24, 2020
Best plans
I have recently got the taat aig two wheeler insurance policy from the policybazaar. It is really amazing plan which I got. Thank you team policybazaar.

^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