• Bankbazaar two wheeler insurance

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    • InsureNearby Ties Up With Bharti AXA and Go Digit for Bike Insurance

      InsureNearby has launched two wheeler insurance in partnership with Bharti AXA and GoDigit. InsureNearby is promoted by Nearby Technologies and is targeting a network of over 7.5 lakh retail agents through which it plans on selling policies.

      Retail agents are registered under the organisation’s sister company, PayNearby which authorises them as POS (point of sale) agents.

      The company plans on offering a more diverse range of policies and special riders etc. after ascertaining demand from customers.

      The company hopes to tap into an emerging market for insurance, especially with stricter enforcement of traffic rules after the amendments to the Motor Vehicles Act, 2019.

      15 October 2019

    • Growth of Rs.100 billion expected in the third-party motor insurance market

      Due to the penetration in the third-party insurance motor market, The Street has been expecting a growth in the general insurance industry. Strict traffic violation penalties have also been a reason why The Street has been so bullish on the market growth.

      The headroom for premium growth in the case of third-party premiums is expected to be at 26% for FY2019. This will be similar to a 5-6% growth in the overall market. The main reason for the profits to be high will be due to an increase in inherent profitability in car and two-wheeler segments. The Street has been bullish in the last few months because of the penetration of third-party insurance. Individuals usually do not renew their insurance after the first year. However, the Supreme Court has made it compulsory for all cars and two-wheelers to come with three and five-year third-party insurance policies. The fines have also increased for uninsured vehicles. The Street is expecting growth because of these two reasons. The potential growth via the increased compliance levels is expected to be Rs.100 billion. Market participants also suggest the overall compliance is low for cars and two-wheelers when compared to commercial vehicles. Bajaj Allianz and ICICI Lombard have a 60% and 82% share in the two-wheeler and car segment.

      3 October 2019

    • How to file a two-wheeler insurance claim?

      When you purchase a two-wheeler for yourself then it becomes mandatory for you to purchase a two-wheeler insurance plan. In case something happens to your vehicle, you can get in touch with the insurance company who will help you compensate for the damage incurred by your vehicle. Hence, it is important to know the process of applying for a two-wheeler insurance claim.

      We will have a look at the steps you will have to follow in order to successfully file for a two-wheeler insurance claim:

      In case of an accident, collect the details of the vehicle and the driver who was involved in the accident. Do take pictures of the accident scene from every angle as it will only make it easy for the insurer to decide the type of claim you will need to file.

      The next step will be to visit the nearest police station and file an FIR. Keep a copy of the FIR. You will have to obtain a No-Trace certificate if your vehicle is stolen.

      Once the initial formalities have been completed, you will have to head to the authorized service center for your vehicle. Share the details of your policy who in turn will inform the insurance company.

      Once the insurance company has been informed regarding the accident, an inspector or surveyor will be sent who will inspect the two-wheeler. He/she will also receive the estimates for the repair from the service center.

      27 September 2019

    • Ather 340 e-scooter discontinued

      Ather Energy, the Bengaluru-based company had halted the production of the Ather 340 e-scooter previously. The company had stated that the production was temporarily stopped owing to low demand of the scooter. As the Ather 450 was doing well, they wanted to redirect the production line to manufacture the 450s only.

      The company has, however, recently announced that they have stopped the production of the 340. Although the 340 was a more affordable option, it did not perform well in the market and that has led the company to pull the plug out on the 340 completely. The company has also hinted at focussing more on streamlining and scaling up their production. The company has 2 more scooters in its pipeline at present which are set to be revealed in 2021. One of these two scooters will be an affordable option and is expected to be priced close to a 125 cc scooter.

      24 September 2019

    • Gujarat extends the deadline for the implementation of fines for helmet, PUC

      Gujarat has extended the implementation of new penalties related to helmet and pollution-under-control (PUC) certificates offences. The new rules will come into effect from October 15 this year.

      Earlier the penalties for traffic offences were reduced after the ruling party in Gujarat dissolved the recently amended Motor Vehicles Act. For example, while the fine for driving a two-wheeler without helmet was Rs.1,000 under the Motor Vehicles Act, it is Rs.500 for the same offence under the new penalties implemented by the government in Gujarat.

      As of now the penalty imposed for traffic related offense such as riding a two-wheeler without helmet, or not carrying the PUC certificate will be Rs.100 till October 15.

      19 September 2019

    • Hero FinCorp to place acquisition offer for 100% stake in Reliance General Insurance

      Hero FinCorp, the non-banking financial company (NBFC), will place an acquisition offer for 100% stake in the insurance firm Reliance General Insurance in the month of July 2019. The parent company of Reliance General Insurance, Reliance Capital, may seek Rs.6,000 crore for the acquisition. A valuation in the range of Rs.7,500 crore to Rs.8,000 crore was sought via IPO by Reliance General Insurance earlier. The company’s book value was Rs.1,600 crore at the end of the 2019 financial year.

      17 July 2019

    • Third party compensation cannot be denied for a lapsed temporary RC

      Insurance companies will have to pay the compensation to the policyholder in case the vehicle meets with an accident even after the lapse of temporary registration of the vehicle. This is according to Himachal Pradesh high court. Temporary registration of the vehicle is generally valid for 30 days. People generally opt for a temporary RC to drive the vehicle around for a while before getting a permanent RC. After receiving the temporary registration number, insurers generally buy an insurance policy for the duration they need. It was clarified that there is no condition mentioned in the policy where the insurer will not be held liable towards third-party liabilities for wanting a valid registration certificate of the vehicle. 

      16 July 2019

    • Revolt RV 400 bookings open on Amazon

      Revolt Motor had scheduled the pre-bookings for the RV 400 EV in its official website as well as Amazon India on 25 June 2019. However, the bookings were not opened on Amazon India. The pre-booking option was available only on the official Revolt website.

      Finally, after almost 2 weeks, the pre-booking option has been made available on the e-commerce website. The bookings are being accepted for Rs.1,000 which is fully refundable. Currently, the bookings are open to only the customers who are residing in Delhi and Pune. The company has announced that within the next 4 months, the other cities where the customers will be able to book the motorcycle will be Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, and Mumbai. The EVs which have been booked on the Revolt website will be delivered starting this month. The deliveries will be made according the sequence of bookings. The motorcycles booked through Amazon has been quoted to be delivered 24 August 2019 onwards. At present, the motorcycle is available in 2 colours – Cosmic Black and Rebel Red

      12 July 2019

    • Ducati Multistrada 1260 Enduro launched in India

      Italian automaker Ducati has recently launched the Multistrada 1260 Enduro in India and it has been priced at Rs.19.99 lakh. It has been launched as a replacement for the Enduro 1200 which was priced at Rs.18.03 lakh. The standard Multistrada 1260 is priced at Rs.17.8 lakh. The motorcycle is available in 2 colour schemes – Ducati Red which is priced at Rs.19.99 lakh and a Sand colour scheme which is priced at Rs.20.23 lakh. All prices mentioned are ex-showroom, India.

      The Multistrada Enduro is a lineup of motorcycles which is mostly off-road oriented. The 1260 Enduro is the latest entrant in the Multistrada family. The new motorcycle is powered by a 1,262 cc twin cylinder engine which produces about 158.3 hp of max power at 9,500 rpm and 128 Nm of peak torque at 7,500 rpm. The engine is mated with a 6-speed gearbox which comes with a up and down Ducati Quick Shifter. The quick shifter is a standard fitment. The motorcycle has also been enhanced with electronics such as six-axis IMU, cornering ABS, Vehicle Hold Control, Ducati Traction Control, Ducati Traction Control, and four riding modes – Urban, Sport, Enduro, and Touring. All these modes are programmable. The motorcycle also comes with Skyhook suspension package.

      09 July 2019

    • 2020 Benelli TNT 600i spotted in China

      Benelli had confirmed the news of updating the Benelli TNT 600i recently. The motorcycle is one of the bestsellers and is also the highest selling motorcycle for the Italian automaker. The current-gen TNT 600i is the most affordable inline 4 cylinder motorcycle in India. Recently, some spy images of the TNT 600i, in China, have surfaced.

      The automaker had confirmed that the TNT 600i will be receive a major update real soon owing to the factor that the BS-VI norms are around the corner. The motorcycle in the images show a completely new setup which includes a major change in styling, colour scheme, and overall dimensions. The TNT 600i shows a brand new stance along with a yellow and black colour scheme. In addition to that, it also brand new electronics which includes a full colour TFT display. The motorcycle has dumped the old instrument console and the old headlamp setup as well. The headlamps have been replaced by a new and fresh-looking full LED setup. The images also show that the automaker has ditched the old under-seat twin exhaust setup. The motorcycle has now become smaller which suggests that the weight of the motorcycle might have been cut down. The overhaul was long overdue as the Benelli TNT 600i is getting its first major update since 2017, when it got reiterated with just ABS.

      08 July 2019

    • India to get only one variant of the Benelli Leoncino

      Benelli Leoncino, the neo-retro scrambler motorcycle from the Italian automaker, has been one of the most anticipated motorcycles. The company has plans to launch the bike in India by February 2018. However, the launch was postponed, and the company has now announced that the motorcycle will be launched here in India very soon.

      In the international market, the Benelli Leoncino has been launched in 3 variants – Standard, Sport, and Trail. India will, however, only get one variant of the Leoncino - the standard, road-oriented variant. The company has also added that they might consider launching the Trail variant at a later stage on the basis of its demand. There were no discussions about the launch of the Sport variant. The motorcycle sits on a tubular steel-trellis frame and the Standard variant gets 17-inch wheels on both ends. The engine powering the motorcycle is a 499.6 cc, liquid-cooled, fuel-injected, parallel-twin motor that churns out 47.6 hp of max power at 8,500 rpm and 45 Nm of peak torque at 5,000 rpm. The price for the motorcycle is yet to be announced. However, it is being speculated to be around the price range of Rs.5 lakh to Rs.5.50 lakh.

      07 July 2019

    • Prices for the official Jawa accessories revealed

      Jawa motorcycles have been spotted with official accessories in earlier launch events. The company has finally updated the list of a number of official accessories and also listed the prices for the same. In addition to all the accessories, the company has also made riding gears and apparels which are branded under the ‘Jawa’ tag.

      Some of the accessories that have been listed are as follows – Classic grab rail, grab rail extension, ‘Hammerhead’ spoiler, bar-end mirrors, crash guard, grab rail with back rest, grab rail with luggage rack, and so on. These accessories have been priced between Rs.399 to Rs.1,599. Jawa has also revealed half-faced helmets, riding gloves, and t-shirts which are priced between Rs.899 and Rs.2,499. Jawa has also partnered with Rynox to design a riding jacket which is priced at Rs.7,499. The official website of Jawa also mentions that the accessories and apparels can be purchased from the official Jawa dealerships only. The chances of the accessories and apparels being sold online is also a possibility. However, Jawa has not made any official announcement for the same.

      05 July 2019

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    Customer Reviews

    • New India Two Wheeler Insurance
      "Very Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      I have my two wheeler insurance from New India. From New India, they are providing me a third party insurance by checking the vehicle and in this 6 years, i have not faced any issue and before due date i used to renew my policy by visiting the branch. I pay the premium amount of Rs. 1300. They are sending the reminders before the due date.
      Was this review helpful? 0
      , chittoor
      Reviewed on Oct 15, 2019
    • United India
      United India Two Wheeler Insurance
      "Good Two Wheeler Insurance"
      0.5 5.0/5 "Blown Away!"
      From United India company, my two wheeler insurance was taken because the customer engagement was good and the branch is located nearby my place. My claim experience was good because they processed the claim in 35 days. They covered upto 80%.
      Was this review helpful? 0
      , vellore
      Reviewed on Oct 15, 2019
    • Bajaj Allianz Two Wheeler Insurance
      "Better Insurance"
      0.5 5.0/5 "Blown Away!"
      Bajaj Allianz insurance is always benefit because my friend had a claim experience and it was easy process so i took the policy from them. I pay the premium amount of Rs. 1200 and they are providing me a IDV value of Rs. 40000. I have not approached so far for any kind of claim.
      Was this review helpful? 0
      , erode
      Reviewed on Oct 15, 2019
    • New India Two Wheeler Insurance
      "Excellent Policy"
      0.5 5.0/5 "Blown Away!"
      Based on my friend recommendation, i took the two wheeler insurance policy from New India. Automatically, he pays his own money for renewing the policy and later he will collect the premium amount from me. I am paying the premium amount of Rs. 900 with the coverage amount of Rs. 40000.
      Was this review helpful? 0
      , dindigul
      Reviewed on Oct 14, 2019
    • National Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My two wheeler insurance policy was taken from National its because of my friend's recommendation. I have paid the premium amount of Rs. 1300 yearly. They gave me a coverage value of Rs. 48000. I used to renew the policy through online or i visit their branch. For past 6 years, i have been renewing the policy with the same company.
      Was this review helpful? 0
      , gudivada
      Reviewed on Oct 13, 2019
    • ICICI Lombard Two Wheeler Insurance
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I don't have time to compare the policies so just continuing the policy with ICICI Lombard which I have received from the showroom while taking the bike. Its a comprehensive plan. The premium is bit costlier and the renewal process was quite simpler. I have no claims.
      Was this review helpful? 0
      , kanpur
      Reviewed on Oct 12, 2019
    • Bajaj Allianz Two Wheeler Insurance
      "Not recommendable"
      0.5 1.0/5 "Really Bad"
      I have a two wheeler insurance with Bajaj Allianz which I have taken it through online, some extra money has been deducted from my account while doing the payment, which I got the refund after one month. I have been following them multiple times on a daily basis and there was no proper response which am not at all happy. I don't know about the benefits. I have ever seen this kind of services.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 11, 2019
    • National Insurance Two Wheeler Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I am having a two wheeler insurance with National Insurance which was provided by the dealer. Its a very good insurance company. I have purchased Honda Active 5G by last December. There is no claims. Its a first party insurance. I did not check the benefits yet.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 10, 2019
    • National Insurance Two Wheeler Insurance
      "Better Policy"
      0.5 4.0/5 "Great!"
      My two wheeler insurance was purchased from National. They are providing the IDV value is high so i can able to claim a lot. I am paying the premium amount of Rs. 1200. I do not have any claim experience so far. I used to renew the policy in their branch and the response was better.
      Was this review helpful? 0
      , erode
      Reviewed on Oct 10, 2019
    • New India Two Wheeler Insurance
      "Good value for the vehicle"
      0.5 4.5/5 "Excellent!"
      Bought my two wheeler insurance from New India, My existing policy was in different company as it is nationalized i was planning to take the policy from New India. I have paid the premium amount of Rs. 900 and they offered me a IDV value of Rs. 40000. Through online, i used to renew the policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 10, 2019
    • Tata AIG Two Wheeler Insurance
      "Very Good Policy"
      0.5 3.0/5 "Satisfactory"
      Premium amount is less in my TATA AIG two wheeler insurance so i have selected them. They have provided me a IDV value of Rs. 50000. I pay the premium amount of Rs. 2000. I used to renew the policy through online. They are sending the policy documents through emails.
      Was this review helpful? 0
      , thane
      Reviewed on Oct 09, 2019
    • Shriram Two Wheeler Insurance
      "Good Insurance Policy"
      0.5 3.0/5 "Satisfactory"
      From Shriram company, i have taken the two wheeler insurance and it was given by the bike dealer when i bought the bike. This is a third party insurance. My claim experience is good. They have given the claim on time. They have provided the claim upto 75%. They have sent the reminders 1 before the policy expiry date.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 09, 2019
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