A bike insurance is an agreement between the bike owner and the bike insurance providing company where the bike insurance providing company covers the cost to the bike owner in case of damage caused to his bike. It is also known as two-wheeler policy.
Damage to a two-wheeler can occur due to an accident, theft, natural disaster. For all these reasons, an insurance company providing bike insurance provides complete protection to the bike. If there is any damage to your bike then it is compensated by the insurance company.
There are different types of bike insurance available in the insurance market today. You can choose any one of these as per your convenience and financial capability. Each insurance company offers you almost three types of bike insurance. First comprehensive insurance policy, second third party policy and third stand alone own damage.
Today in this article we will know about Tata AIG bike insurance policy. Comprehensive insurance policy, standalone own damage policy and third party insurance policy are provided by Tata AIA bike insurance policy. It also offers the option of add-ons to provide additional coverage. So let us know more about Tata AIG bike insurance.
Features And Benefits Of Tata AIG Bike/Two Wheeler/Scooty Insurance
- Savings on Premium :
You can get discounted premium if you buy Tata AIG bike insurance online. This is because an online bike insurance policy is paperless and does not require any intermediaries. Hence the cost involved in this is not to be borne by the customer.
- No Claim Bonus ( NCB ):
Tata AIG bike insurance policy offers no claim benefit if the policyholder has not submitted any claim during the policy term. It starts from 20%. You can use it to make your premium payment.
- Easy Claims Process:
The claim process for Tata AIG bike insurance is quite easy. You can submit your claim through online mode in easy steps.
- Own Damage Cover:
Tata AIG bike insurance offers damage cover. It covers any damage caused to the bike due to accidents, natural and man-made disasters.
- Third – Party Damage:
With Tata AIG Insurance you can be free from third party liability. You can also avoid any kind of fine as it has been made mandatory to have a third party insurance for driving on the road in India.
- Option of Add – ons :
Tata AIG bike insurance gives you the option of adding addons. With this you can provide extra coverage to your bike.
- High Claim Settlement Ratio:
The claim settlement of Tata AIG bike insurance is high. The claim settlement process is easy and less time consuming.
- Cashless Repair:
Cashless repair facility is also provided to you in Tata AIG bike insurance. You can get your bike repaired through cashless mode in their network garage. This is paid by the insurance company directly to the garage through online medium.
- Quick Purchase / Renewal Process:
You can easily buy Tata AIG insurance through online medium. This process is quite easy and is completed in a few minutes. Also, you can easily do its renewal process in just a few minutes.
- Protection from Legal Penalties :
Tata AIG bike insurance also protects you from legal fines as it has been made legally mandatory to have a third party insurance for driving on road in India. Hence you can avoid the law penalty through Tata AIA bike insurance third party insurance.
- Financial Coverage against Theft :
You are provided financial protection against if your vehicle is stolen.
- Personal Accident Cover:
Tata AIG Bike Insurance also offers you individual insurance cover. In this, if you suffer any kind of injury while driving your vehicle, then it is also covered by the insurance company.
- Quick Online Process:
The online process for Tata AIG bike insurance is quite quick and easy. It can be easily purchased and renewed by anyone with an internet enabled device.
Types Of Tata AIG Bike Insurance
- Comprehensive Bike Insurance Policy:
Tata AIG comprehensive bike insurance policy offers protection coverage from own damage cover along with providing protection against third party liabilities. A comprehensive bike insurance policy as the name suggests offers comprehensive coverage. It provides you financial protection against theft, loss due to natural or man-made calamities, personal accident etc. So, if you want a comprehensive cover then you must go for Tata AIG comprehensive bike insurance policy as it provides a comprehensive coverage to your bike.
- Standalone Own Damage Bike Insurance Policy:
Tata AIG Standalone Own Damage Bike Insurance Policy covers damage caused to your bike in an accident. This policy does not cover third party liabilities. This policy covers damage caused to your bike due to natural and man-made calamities. Also, if your bike is stolen, in this situation also the insurance company will compensate you.
- Standalone Third-Party Bike Insurance Policy:
Third party bike insurance has been made mandatory for driving on the road in India. So you can avoid this legal violation through Tata AIG third party bike insurance policy. If in the event of an accident, any third party person or vehicle or other property is damaged, then it is compensated by the insurance company. This does not include holding you responsible for liabilities to third parties.
Tata AIG Bike/Two Wheeler/Scooty Insurance Coverage
TATA AIG Bike Insurance covers the following situations, such as-
- own loss cover
- bike theft
- third party liability
- personal accident cover
- add-on coverage
Tata AIG Bike/Two Wheeler/Scooty Insurance Exclusions
- normal wear and tear,
- The bike is used outside the prescribed geographical limits,
- Damage caused by war, insurgency and nuclear threats,
- Damage caused to the bike due to racing, speed trials etc.,
- Riding a bike without a helmet or a valid driving license,
- bike riding under the influence of drugs,
- Violating the terms of restricted use,
- Use of personal bike for business purposes.
Tata AIG Bike/Two Wheeler/Scooty Insurance Add-On Cover
- Depreciation Allowance
- Return – To – Invoice Cover
- Emergency Medical Expenses
- Extra personal accident cover for owner – driver
- Additional third – party property damage cover
- Consumable expenditure
- Roadside Assistance