Two Wheeler Insurance protects your two wheeler or bike from damage caused due to accidents, natural disasters, theft or theft. If for some reason your two wheeler or bike suffers any kind of damage, then through two wheeler insurance, an amount of money is provided to you as compensation by the insurance company. Two wheelers include all types of two wheelers like motorcycles, moped bikes, scooters, electronic bikes etc.
About HDFC Ergo Bike Insurance
HDFC ERGO General Insurance Company Limited is a joint venture between HDFC Limited and ERGO International. HDFC Limited is known as a leading housing finance institution in India while AGO International is an insurance arm of Munich Re Group.
HDFC ERGO has been catering to the needs of customers in India for many years with a wide range of insurance products which include Bike Insurance, Car Insurance, Health Insurance, Travel Insurance, Home Insurance, Marine Insurance etc. Today we will discuss HDFC Ego Bike Insurance in detail in this article. We will try to know what are the features and benefits of HDFC Bike Insurance? How many types of bike insurance plans does it offer? And what is the process to buy this insurance policy? Etc
Key Features And Benefits Of HDFC ERGO Two Wheeler Insurance
- Savings on Premium :
HDFC Ergo Bike Insurance gives you a high coverage bike insurance at a low premium. Therefore, you can reduce your premium to a great extent by buying bike insurance from HDFC ERGO.
- AI – Enabled Motor Claim Settlement:
HDFC ERGO Two Wheeler Insurance offers AI-enabled motor claim settlement. It works to provide a faster and simpler motor claim experience.
- Own Damage Cover:
HDFC bike insurance also provides you with own damage cover. It covers damages caused to your bike due to any type of accident, natural or man-made calamities.
- Third – Party Damage Cover:
Third party insurance is essential for driving a vehicle in India. HDFC ERGO bike insurance offers you a third party cover at a very low premium.
- Add – on:
HDFC bike insurance also gives you the flexibility to add a variety of add-on options. Through this you can get additional coverage for your bike. However, you have to pay some additional premium for adding add-ons.
- Claim Settlement Ratio:
The claim settlement of HDFC ERGO is quite high and the prescription process is made quite simple and easy. It has the ability to dispose of customers’ medicines in less time.
- Cashless Garage Network:
This insurance company also provides you the facility to get repairs done at cashless garage. This insurance company has more than 7000 network garages spread across the country.
- Buy the policy in less time :
You can easily buy HDFC ERGO bike insurance online in a matter of minutes. You do not need to spend much time for this.
- Door Repair Service :
HDFC Ergo Bike Insurance also offers you the facility to get your bike repaired at home. Through this you do not need to take your bike to any garage. The company provides you the repair facility at your home itself.
- Emergency Roadside Assistance :
HDFC ERGO bike insurance also gives you the facility of emergency roadside assistance. Through this you can get immediate help if your bike breaks down on the way.
Types Of HDFC ERGO Bike Insurance Plans
There are four types of two wheeler insurance offered by HDFC ERGO – comprehensive insurance, third party insurance, stand-alone own-damage and new bike insurance etc. Now we will know in detail about these four types of two wheeler insurance policies.
- Comprehensive two wheeler insurance
A comprehensive two-wheeler insurance policy covers any damage caused to your two-wheeler, whether caused by a third party or your own damage. It provides comprehensive coverage to your two-wheeler. You can also add additional coverage as per your requirement in the form of add-on cover. A comprehensive two wheeler insurance policy covers the following things-
- Accident, theft, fire etc.,
- personal accident cover,
- natural disasters,
- third party liability,
- Add-on option.
- HDFC ERGO Two Wheeler/Bike Third Party Bike Insurance
A third party bike coverage only protects against liabilities for damages caused to third parties. A third party coverage is essential to drive a vehicle on the road in India. This has now been made legally mandatory as per the Motor Vehicles Act 1988. If you ride a bike without a third party insurance then you can be fined up to ₹ 2000.
- Stand Alone Own Damage Bike Insurance
In this type of bike insurance, your bike or scooter is covered against the financial loss caused due to an accident. The following things are covered in this type of plan-
accident, theft, fire,
- New Bike Insurance New Bike Insurance
This type of bike insurance is for people who have bought a new bike. In this, you are provided with 5 years of bike insurance in which you are provided with comprehensive coverage for 1 year while third party coverage is provided for the next 4 years.
Inclusion & Exclusions Of HDFC ERGO Two Wheeler/Bike Insurance Policy
- What is covered by HDFC ERGO Two Wheeler Insurance ?
- Explosion from fire
- be stolen
- personal accident
- Third Party Liability
- What is not covered by HDFC ERGO Two Wheeler Insurance ?
- Electrical and Mechanical Breakdown
- Driving under the influence of drugs or alcohol ,
- Not having a valid driving license ,