HDFC ERGO Bike Insurance Policy Comparison

Comparison has become an inevitable practice these days. Even when you wish to go on a vacation; you compare places and their highlights to shortlist the best destination. Similarly, bike insurance comparison is also a fittest way to find out the right cover for your beloved bike. It helps in showcasing the uniqueness of each policy, making it easier for you to make an informed investment decision for securing your bike in the long term. Every policy has its own set of offerings, it’s important to look out for a plan which offers comprehensive cover for insuring maximum loss caused due to uncertainties. Comparing insurance plans would help you in finding out the difference between policies and choose a plan suiting your budget and requirement.

How to compare bike insurance policies?

Comparing bike insurance plans is probably the best way to shortlist the right policy for your bike. In a large perspective, bike insurance policies with HDFC ERGO are divided into two broad prospects, comprehensive cover and third party liability. Let’s understand the benefits offered by both these policies to pick the right cover for your bike.

Two Wheeler Insurance Comparision

  •  
  • Accidental Damage
  • Theft
  • Damage due to fire
  • Damage due to natural disaster
  • Personal Accident cover
  • Damage to a third-party vehicle
  • Injury to a third-party person
  • Zero Depreciation
  • Emergency assistance cover
  • Comprehensive(Single year)
  • Optional Add-on
  • Optional Add-on
  • Comprehensive(Long Term)
  • Third Party (Liability Only)
  • Comprehensive
    (Single Year)
  • Comprehensive (Multi year)
  • Third Party
    (Liability Only)
  • Accidental Damage
  • Theft
  • Damage due to fire
  • Damage due to natural disaster
  • Personal Accident cover
  • Damage to a third-party vehicle
  • Injury to a third-party person
  • Zero Depreciation
  • Optional Add-on
  • Emergency Assistance Cover
  • Optional Add-on

Other related articles

 

Other related articles

 

Frequently asked questions

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 two wheeler insurance. As per the Motor Vehicle Act, it is mandatory to buy a Liability only policy without which one cannot use the vehicle on road.
A comprehensive insurance policy provides protection to your two wheeler 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.
There two types of insurance policies – comprehensive and third party liability. Comprehensive insurance ensures complete protection to your  two wheeler 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:
  1. 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
  2. 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.
  3. 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.
  4.  

    For one year old two wheeler – 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.
Awards & Recognition
x