Top 10 Most Famous Bike Insurance Companies in India

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Technology is not only limited to the internet and gadgets but also automobiles. These days various inventions have taken precedence in the automobile industry. Cars and two wheelers are being developed keeping the latest technology in mind. Different companies are coming up with schemes and plans to top their competitors in terms of design, look, innovation, and more than anything, safety.

Safety is one aspect that automobile companies are taking a special look at. Along with the advent of vehicles with higher and superior functions, unfortunately, recklessness and accidents are on the rise as well. This is specifically true for two wheelers.

Several road accidents are caused due to over-speeding, skidding, or loss of control among two wheeler riders. This is why several companies are coming up with insurance policies to protect not only the riders but also the vehicles that they have invested in so that there is minimum loss.

Getting insured is now important. Automobile companies, themselves, are coming up with insurance schemes. Additionally, there are several two wheeler insurance companies in India that provide substantial coverage and protection to the vehicles in case of any damage. These plans would prove to be extremely beneficial in case of any unfortunate accident.

Also read – Myths About Health Insurance Debunked

Given the importance, getting bike insurance is now easy too. Companies are also proactive making it easy for customers to simply buy insurance online. Every company is now providing bike insurance online. Customers can find all the necessary information online on the websites of these companies and be informed on the different plans available and select the ones that are best suited to them.

Here are 10 famous insurance companies for bikes in India:

Go Digit General Insurance – A five-star rated online insurance loved practically for its effortless, transparent, and instant policy buying from right at the comfort of home. If you already have one then no worries- you can also port your existing policy. It is also most sought after for its super simple policy claims. They have a plethora of traditional as well as new age insurances such as a flight delay which is a cool way to hedge your time for money.

Bajaj Allianz General Insurance – This policy allows the beneficiaries a very high settlement claim ratio and several add-on covers such as loss due to natural calamities, personal accidents, man-made calamities, etc. This is one of the largest companies for insurance.

Bharti AXA General Insurance – This provides a high payback with a low rate for premium. The policy coverage is approximately 89% and the company provides a comprehensive plan that also covers third-party legal liabilities.

IFFCO Tokio General Insurance – IFFCO Tokio is one of the best insurance companies for bikes with wide coverage and a 96.44% settlement ratio for claims. Their customer service helplines run 24×7 and are always accessible to their beneficiaries even in cases of emergencies.

SBI General Insurance – The credentials for this company speak for themselves. They have a high claim settlement ratio that is approximately 91.74%. The company is approachable and reliable. They also provide a hassle-free renewal policy.

Tata AIG General Insurance – The Tata Company is highly renowned and trusted amongst people in India. They have a transparent and ethical approach and provide a 91.08% claim settlement ratio. Common feedback is about the helpful customer care officials which put the minds of the beneficiaries at ease.

Royal Sundaram General Insurance – This can be considered one of the most trusted bike insurances in the country. They have a high claim settlement ratio – 94.07%. An additional benefit is the processing of the settlement in less than 10 days.

HDFC ERGO General Insurance – What appeals to customers most about this company is that they have the lowest premiums in the country. This makes it an impressively affordable option for most people. The claim settlement ratio is also high at 89.48% along with several add ons and wide coverage.

Reliance General InsuranceReliance is one of the leading companies offering insurance. They have different packages for two wheeler insurances that allow the customers to choose from. Accident covers up to 15 lakhs, detailed guidelines, 24×7 customer service, etc are additional benefits.

Edelweiss General Insurance – This policy has a low premium rate and sizable benefits. The policy not only covers damage to the bike but also looks after any injuries to the rider. They also have several packages to select from depending on the needs and affordability of their customer base.

Several insurance companies are now up and coming to provide suitable options and benefits to their clients. This is important these days. The companies are also making their policies available online, thus the customers pick and choose the ones that are best suited for them. Get informed and get insured!

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