Bike insurance is an insurance policy required to provide protection to your two-wheeler against any damage which might result in a financial loss. In addition to it, any third party liability which has arisen due to the use of your two-wheeler is covered under bike insurance. As per the Motor Vehicle Act, it is mandatory to buy a third party bike insurance policy without which one cannot use the vehicle on road. Bike insurance policy saves you from financial loss in case of accidental damage or theft leading to a total or partial loss of your two-wheeler. Broadly, there are two types of insurance plans. Third party liability, which is the compulsory insurance and comprehensive plan. We recommend comprehensive cover over just third party liability as it offers much broader coverage.
HDFC ERGO Two Wheeler insurance plan offers insurance coverage for your bike against damage from uncertain risks. Now get emergency assistance at the push of a button with our 24x7 roadside assistance service, also get rewarded for good driving record with No Claim Bonus upto 50%. You can enjoy your travel unhindered with pan India cashless garage network where you can get your bike repaired.
Standalone own damage cover for Two Wheeler protects only your own damage section like damage caused due to fire, natural calamities, manmade calamities and total loss due to theft.
Accidents are unfortunate, unpredictable. It can result in severe damage to your vehicle, don't worry at our vast cashless network you can avail quick service.
Mishaps like fire, explosion, lightening or self-ignition can severely damage your two wheeler. Stay calm. We Can Handle This!
Coming to know that your bike is stolen can be a nightmare. Breathe easy, we cover total loss of your two wheeler due to theft.
Both manmade and natural calamities leave a lasting impact, we cover you if your two wheeler gets damaged due to earthquake, landslide, floods, riots, terrorism etc.
In the event of an accident we cover legal liability for injury, death and/or property damage caused to a third party.
We consider customers as our top priority and hence offers a compulsory personal accident cover for 15 lakhs.
Bid goodbyes to pricey premiums when you can get upto 70% discounts! Why look elsewhere, when amazing quotes are just a click away?
If your two wheeler insurance is expired we renew it without any inspection hassle isn't it great? What keeps you waiting renew your expired two wheeler insurance now!
HDFC ERGO opens doors to unlimited claims! Though we believe you’ve been driving cautiously, however in case of any claim you wish to register, we do not restrict you.
Why go through lengthy, time consuming, procedure. With online purchase get soft copy of your policy instantly in your mailbox and get your two wheeler covered now.
Usually, two-wheeler insurance policies cover claim amount after the deduction of the depreciation. But, with a zero-depreciation cover, no deductions are made, and you get the entire amount in your hands! The battery costs and tyres do not come under zero depreciation cover though.
How does it Work? If you two wheeler is damaged and the claim amount is Rs 15,000, out of which insurance company says that you need to pay 7000 as depreciation amount excluding policy excess/deductible. If you buy this add on cover then, the two wheeler insurance company will pay the entire assessed amount. However, policy excess/deductible needs to be paid by the customer, which is quite nominal.
We are here to offer you round-the-clock assistance to deal with emergency breakdown issues for your two-wheeler. The emergency assistance cover includes minor repairs on site, lost key assistance, duplicate key issue, tyre changes, battery jump starts, fuel tank emptying and towing charges!
How does it work? Under this add on cover there are multiple benefits which can be availed by you. For instance, If you are driving your two wheeler and there is damage, it needs to be towed to a garage. With this two wheeler insurance add on, you may call the insurer and they will get your two-wheeler towed to the nearest possible garage upto 100 kms from your declared registered address.
The Insured Declared Value (IDV) of your two wheeler, is the sum insured coverage provided under your bike insurance plan. It is fixed at the commencement of each two wheeler insurance policy period for each insured vehicle.
IDV under any bike insurance plan is fixed on the basis of the manufacturer’s listed selling price of the brand and the model of the bike proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation (as per schedule specified below).
The IDV of the two wheeler and / or accessories, if any, fitted to it but not included in the manufacturer’s listed selling price of the vehicle is also likewise to be fixed.
How does IDV affect Two Wheeler Insurance.. What are the factors deciding IDV?
IDV is the current market value of your two wheeler. It is the amount that is paid by the two wheeler insurance company to the policyholder at the time of settlement of claim. IDV is calculates as the manufacturers listing price minus the depreciation but doesn not include registration and the insurance cost. The depreciation charged to calculate the IDV of your bike is presented below.
| AGE OF THE VEHICLE | % OF DEPRECIATION FOR FIXING IDV |
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
| Comprehensive(Single year) | Comprehensive(Long Term) | Third Party (Liability Only) | |
|---|---|---|---|
| Two Wheeler Insurance for Accidental Damage | |||
| Two Wheeler Insurance for Theft | |||
| Two Wheeler Insurance for Damage due to fire | |||
| Two Wheeler Insurance for Damage due to natural disaster | |||
| Personal Accident cover | |||
| Two Wheeler Insurance for Damage to a third-party vehicle | |||
| Two Wheeler Insurance for Injury to a third-party person | |||
| Zero Depreciation under Two Wheeler Insurance | Optional Add-on | ||
| Emergency assistance cover under Two Wheeler Insurance | Optional Add-on |
Two Wheeler insurance is an insurance policy required to provide protection to your two wheeler against any damage which might result into a financial loss. In addition to it, any third party liability which has arisen due to the use of your two wheeler is covered under bike insurance. As per the Motor Vehicle Act, it is mandatory to buy a third party bike insurance policy without which one cannot use the vehicle on road.
A comprehensive insurance policy provides protection to your bike due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in term of death, bodily injury and third party property damage. With the option of purchasing bike insurance online, it has become all the more convenient to renew or buy bike insurance.
There two types of insurance policies – comprehensive and third party liability. Comprehensive insurance ensures complete protection to your bike due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in term of death, bodily injury and third party property damage. However, third party liability, which is the mandatory cover protects your vehicle against third party liability against person and property.
There are various long term policies available as below: - For brand new two-wheeler – As per Supreme Court directive, customer can choose from the mentioned options:
i. Liability only policy for a policy duration of 5 years. This policy provides coverage against third party liability in terms of death or injury or third party property damage ii. Package policy for a policy duration of 5 years. This policy provides a comprehensive cover to protect your vehicle due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in term of death, bodily injury and third party property damage. iii. Bundled policy for a policy duration of 5 years. This policy provides cover to own damage for one year and 5 years for third party section. For one year old bike – you can choose from the mentioned options: i. Package/Liability policy for upto 2 or 3 years policy duration
Yes, the Motor Vehicle Act states that every motor vehicle plying on the road has to be insured, with a Liability Only policy at the very least.
Zero depreciation is an add-on cover and has to be purchased by paying additional premium. It offers complete coverage to your two wheeler without factoring into depreciation. For instance, if your vehicle is badly damaged, then you don’t need to pay for any depreciation charge and will be eligible for full claim amount subject to terms and conditions of the policy. Applicable for 1 year policy.
Emergency assistance is an add-on cover and has to be purchased by paying additional premium. It has multiple benefits like breakdown assistance, tyre replacement, towing, fuel replacement etc which can be availed during the policy duration. Customers need to call up the customer care number mentioned on the policy for availing these benefits. Applicable for 1 year policy.
You can easily renew your expired policy online. No inspection is required and you may simply buy the policy online. Once the payment is made, you will receive the policy copy.
No Claim Bonus is valid upto 90 days from the previous policy expiry date. If the policy is not renewed within 90 days, No Claim Bonus will become 0% and no benefit shall be passed on to the renewed policy.
You can change your policy details online through our website hdfcergo.com. Visit the 'HELP' section on the website and place a request. To place request or explore services, click here
Whole country is under complete lockdown, we understand the significance of the move and stand with the nation in difficult times, for the two wheeler insurance renewal one can always follow the preffered mode of buying or renewing a two wheeler insurance policy which is online purchase of insurance policies. The steps to be followed would include