All vehicle owners must have third-party motor insurance to be able to use their vehicles on Indian roads. If you have a two-wheeler, you can choose from a wide range of bike insurance plans based on your needs and budget. With comprehensive bike insurance, you will be covered against injuries, third-party liabilities, and damages arising due to a mishap involving your bike.
If you are looking for robust two-wheeler insurance to protect your bike or scooter, then here are some of the best bike insurance options available in the Indian market.
Top two-wheeler insurance plans in India
1. ICICI Lombard two-wheeler comprehensive insurance
ICICI Lombard is a popular insurer in the motor insurance segment. Some of the features of ICICI Lombard’s two-wheeler comprehensive insurance are:
- Offers 50% discount on premium under NCB benefits if no claims are made for 5 consecutive years.
- Provides personal accident cover up to Rs 15 lakh for the vehicle owner or driver.
- Offers add-ons such as roadside assistance and zero depreciation cover.
2. Reliance General two-wheeler package policy
Reliance General’s two-wheeler package policy offers:
- Tenure options for two years, three years, and five years.
- Offers the option of voluntary deductibles from Rs 500 up to Rs 1500, which can reduce your premium amount by 5% to 20%.
- Provides zero depreciation add-on cover. It means you can claim compensation for the entire amount, without depreciation deductions, you spend on repairs in case of any damage to your two-wheeler.
3. TATA AIG comprehensive bike insurance policy
Besides covering damages or losses due to theft, accidents, natural mishaps, manmade disasters, and fires, TATA AIG comprehensive bike insurance policy covers third-party damages, injuries, and other liabilities up to Rs 1 lakh. Its other features include:
- Offers 75% discount on premium for online policy purchases.
- A host of add-on options such as engine protection cover, zero depreciation cover, extra third-party coverage, and roadside assistance.
4. Bajaj Allianz long-term two-wheeler package insurance
The key features of Bajaj Allianz long-term two-wheeler package insurance are:
- Offers long-term insurance cover up to three years.
- Provides personal accident cover to the tune of Rs 15 lakh, which you can increase by paying an additional premium rate.
- Has add-on options such as roadside assistance, zero depreciation cover, and legal liability to drivers and cleaners.
5. HDFC Ergo comprehensive two-wheeler insurance
HDFC Ergo’s comprehensive two-wheeler insurance plan comes with features such as:
- Coverage for third-party liabilities up to Rs 1 lakh and personal accident cover up to Rs 15 lakh.
- The choice of the three-year policy tenure to avoid the hassle of annual renewals.
- Includes add-on options such as zero depreciation cover and emergency assistance cover.
- Has provision for NCB retention add-on cover that protects No Claim Bonus benefits during the policy tenure, even in case of the insured raising a claim.
6. IFFCO Tokio comprehensive two-wheeler insurance with zero depreciation cover
The key features of IFFCO Tokio comprehensive two-wheeler insurance with zero depreciation cover are:
- Policy tenure options for two years and three years.
- Includes zero depreciation cover, and coverage for third-party financial or legal liability up to Rs 1 lakh.
- Offers add-ons such as engine protection cover, roadside assistance cover, and NCB protection cover.
7. SBI General comprehensive bike insurance
Some features of SBI General comprehensive bike insurance are:
- Mandatory personal accident cover of Rs 15 lakh for the insured vehicle owner.
- Offers add-on options including NCB protection cover and return to invoice cover.
- Covers liabilities arising due to third-party damages and vehicle loss due to theft, fire, or explosion.
8. Digit own damage two-wheeler insurance
The key features of Digit’s own damage two-wheeler insurance are:
- Insurance coverage for damages and losses of your vehicle due to fire, accident, theft, and natural calamities such as landslides and floods.
- A host of add-on options such as engine protection cover, zero depreciation cover, and coverage for consumables expenses.
- Gives vehicle owners the option to choose the IDV amount; IDV refers to the maximum amount that you will be paid by the insurer if your vehicle gets damaged beyond repair or is stolen.
- Inspects vehicles digitally, thereby making it convenient for vehicle owners.
Finally
With so many good options available in the market, it is natural to get confused about which one to choose. A good strategy is to first know your motor insurance requirements and then make a decision based on that.
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