For most Indians, purchasing a two wheeler in comparison to a four wheeler is the most economical option to ride, due to speedy transport that it provides and also the ease of mobility in a never-ending maddening traffic scenario. However, riding two wheelers entails risk as well. A mishap in the street can lead to physical injuries, financial loss or sometimes even the death of the rider. Although it is not possible to ensure complete safety of the rider, but certain measures can definitely be taken to minimize the extent of probable damage or loss.
There are several companies that offer bike insurance, but it is crucial to understand which suits the best and ensures sufficient safety. If you are on a look out for the best bike insurance provider in India, you can go for any of the listed insurance companies –
HDFC ERGO GENERAL INSURANCE COMPANY LIMITED
HDFC ERGO is one of the most preferred two wheeler insurance company in India. The insurance provider is widely spread across the country with a strong network across 89 cities with more than 109 branches in India. It offers repayment of all the damages caused to the vehicle in addition to the insurance holders. HDFC ERGO boasts their reputation when it comes to customer service facility and policy issuance process.
BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED
Bajaj Allianz is amongst the top rated companies in India that offers best insurance policy on all two-wheelers. It provides free services in the chosen garages with a hassle free claim settlement. With its wide range of unique products and impeccable services, Bajaj Allianz offers a 24*7 claims support even on holidays, over just a call. Besides, this, they also offer a third party liability benefit, in case of any damage caused, accidental injury or in worst cases death. Apart from securing the position of the Best Insurance Company in the private sector, they’ve managed to secure various prestigious awards.
TATA AIG INSURANCE
It is one of the top insurance companies in India offering several benefits, right from providing the facility of free pick up of vehicle in case of accidents to an option of settling claims within 7 days or doing it online. Tata’s insurance policy covers partial or total loss of motor vehicles in case of accidents or third party property damage. The policy holders can reap from the benefit of warranty on accidental repairs. This policy covers and compensates for the loss of personal belongings inside the insured two wheelers in the case of an accident.
RELIANCE GENERAL INSURANCE
Reliance General Insurance is known for providing its quick and hassle free claim settlement service via NEFT. The insurance holders are highly valued, and hence, every year Reliance offers ‘No claim bonuses’ together along with installation of an anti-theft device, membership of a renowned Automobile Association, etc. Besides this, you can get repair services at free of cost across 2100 network garages with an additional allowance of Rs. 1500 on towing charges.
With every passing year, the number of people buying bikes and scooter in India has been drastically increasing. Before making the final decision, it is wise to compare bike insurance providers with the benefits, price, and other important aspects. If you are planning to secure a comprehensive two-wheeler insurance or to get your existing insurance renewed, you could [pick from one of the insurers mentioned above and get set to enjoy its benefits and features.