• The Advantages of Buying Comprehensive Insurance Policy for Two-Wheelers

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    In India, the most desired mode of commutation is a two-wheeler. The convenience that it offers in getting ahead of traffic in bumper-to-bumper situations, its ability to zip through narrow lanes, and the savings it provides through fuel efficiency are unparalleled. However, the risk involved in getting to your destination on a two-wheeler is higher than that posed by other modes of transport. Since it is a relatively light-weight open vehicle, the damages incurred by the rider when it is involved in an accident are higher. Hence, it is crucial to get your two-wheeler appropriately insured to tide over unpleasant events.

    The Indian Motor Vehicles Act, 1988 makes it mandatory for all vehicles to be protected by a liability insurance cover. This insurance protects the vehicle owner from losses to third-party property or life.

    Comprehensive Insurance Versus Third-Party Liability Insurance

    The premium for third-party insurance is lower than that for a comprehensive insurance policy. However, it provides coverage only for the third party involved in the accident, and not the insured vehicle and its owner.

    On the other hand, the comprehensive insurance provides coverage to the insured vehicle and its owner for damages incurred through accidents, and even death. The coverage also extends to damage of third-party property or loss of life.

    The advantages of purchasing a comprehensive insurance cover for your two-wheeler includes the following:

    • Damage to insured vehicle - Restoring a vehicle after an accident and its maintenance is an expensive task that can burn a hole through your budget. If the insured vehicle is partially damaged in an accident, you can be assured of reimbursement of the expenses for repair. In case the vehicle has been damaged beyond repair, you can claim for the Insured Declared Value (IDV) of the vehicle. However, this is possible only if the vehicle has a comprehensive insurance policy.
    • Injuries to rider - If the rider of a two-wheeler suffers injuries in an accident, his medical expenses will be covered by a comprehensive insurance policy. Hence, a comprehensive coverage is like a safety net that protects you financially in the face of unprecedented events.
    • Disability or death - The comprehensive two-wheeler insurance policy offers protection to the rider of the vehicle if he suffers temporary or permanent disabilities post an accident. The coverage also extends to the death of the policyholder. The medical expenses in such situations are usually very high, and financial assistance can provide some comfort to the dependents of the unfortunate.
    • Third-party liability - The comprehensive insurance policy is beneficial as it offers protection to third-party against damages to property. It also offers coverage for injuries suffered by the third party or even his/her death.

    In summary, it is advisable to opt for a comprehensive two-wheeler insurance cover as opposed to third-party liability insurance. The former covers expenses of all damages suffered by the insured vehicle, its owner, and affected third-party, while the latter offers only minimal protection.

    Benefits of Buying Comprehensive Insurance Policy Reviews

  • Page 1 of 50 1 2 3 4 5
    • ICICI Lombard Two Wheeler Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have insured my two wheeler with the ICICI Lombard general insurance company. I would like to say that the customer service is good one and the response is better one for me with them. I have not met up the claims with them till now.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 17, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      Recently I faced claimed with ICICI lombard, My bike front part doom got damaged, they claimed the amount of Rs. 5000. They sent the executive, he came and took photos and approved my claim. I paid the amount around Rs. 10,000 they claimed Rs. 5000, they got tie up with wider network.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 16, 2018
    • New India Two Wheeler Insurance
      "Its Better"
      0.5 3.0/5 "Satisfactory"
      Earlier I had New India assurance, I paid the amount around Rs. 850 for one year, they gave me better coverage with road side assistance, third party and accidental cover. ICICI Lombard is better than New India assurance. Customer service was okay not that much satisfactory.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 16, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Average service"
      0.5 4.0/5 "Great!"
      Renewing my two wheeler insurance policy from the past 2 years with the ICICI LOMBARD GENERAL INSURANCE company. The response part is average with the ICICI LOMBARD GENERAL INSURANCE company., The policy coverage and the plan benefits are average with the ICICI LOMBARD GENERAL INSURANCE.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • National Insurance Two Wheeler Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      National Insurance IDV value is good based IRDAI regulation, the premium was also economical, I got my policy copy on time. I paid the some premium, its covers all like third party cover, accidental cover.life cover and road side assistance. My Royal Enfield bike got protected through them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good protection for two wheeler"
      0.5 4.0/5 "Great!"
      I have two year of bike insurance with ICICI Lombard, with good coverage like third party damage, road side assistance etc. The premium was good in ICICI Lombard, I paid the premium amount around Rs. 2000 to 3000. I have insured activa honda bike.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      For the past 6 years I renew my two wheeler insurance policy from the HDFC ERGO GENERAL INSURANCE. I have paid Rs,1100 to renew my policy last year. The policy coverage and the plan benefits are good with the HDFC ERGO GENERAL INSURANCE company.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Life Insurance with LIC,the premium amount is 2400.The policy coverage amount is 50,000.I have no claim experience with them till date.The premium amount is paid through online.This was taken 6 years back,i have complete scheme details on the website.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I taken a two wheeler insurance policy with HDFC ERGO GENERAL INSURANCE. The policy and benefits are very good. I have not taken a claim so far. I have taken comprehensive insurance with HDFC ERGO GENERAL INSURANCE.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 16, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Average"
      0.5 4.0/5 "Great!"
      My two wheeler was insured with ICICI Lombard. I have taken this insurance by last year. The claim process was not satisfactory. I have no idea about the policy coverage and the plan benefits. I paid 1700 rupees for one year to purchase this insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • New India Two Wheeler Insurance
      "Can be better"
      0.5 4.0/5 "Great!"
      Its good not as such, customer service is not upto the mark. The helpline is not reachable with the executive. I paid the two wheeler premium around Rs. 1400 for one year they IDV Rs. 52,000. Since its three years old vehicle. I have Yamaha FG bike with good policy cover.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 15, 2018
    • New India Two Wheeler Insurance
      "Poor service"
      0.5 2.0/5 "Expected more"
      I have insured my two wheeler from the NEW INDIA ASSURANCE company. The customer support is not up to the mark with the NEW INDIA ASSURANCE , they never gave any response in regards to my claim. I was about to get the claim in 15 days and they have promised the same, but after that I haven't got the time to follow up this claim amount but I dint got any kind of claim amount from the NEW INDIA ASSURANCE.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Better policy to use"
      0.5 4.0/5 "Great!"
      I have paid around Rs,2000 to insure my vehicle from the HDFC ERGO GENERAL INSURANCE company. I have recently got this policy around 3 months ago. The customer support is average with the HDFC ERGO GENERAL INSURANCE. The policy coverage is good with the HDFC ERGO GENERAL INSURANCE company.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2018
    • National Insurance Two Wheeler Insurance
      "Safe For Two wheeler"
      0.5 4.0/5 "Great!"
      When I was browsing, I came to know about National Insurance, the premium was economic with good coverage value. I paid the amount of Rs. 900 for the tenure of three years. It also has third party cover, road side accidental cover. Its best premium for certain cover and best benefits.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Two wheeler Insurance with ICICI Lombard,the premium amount is 1000,the payments is done online,This was taekn long back ago,the policy coverage amount is 40,000,the customer service is good.I am planing to renew it in next three months.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 15, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Excellent insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken Two wheeler Insurance with ICICI Lombard,the premium amount is 3500,the payments is collected by an agent,The bike model is Hero splendor smart.This was taekn 2 years ago,the policy coverage amount is 40,000,the customer service is good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 15, 2018
    • New India Two Wheeler Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have a health insurance with New India insurance from last 6 months and it is one of the good insurance policy to use. I pay a premium of Rs 2500 every every year for this insurance. I do not have claim experience so far with this insurance. I have a coverage of Rs 5 lakhs which is satisfactory.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with ICICI lombard from last 2 years and it is a good policy to use. This policy has to be renewed every year and i pay a premium of Rs 1500 for this insurance. I do not have claim experience so far with this insurance but i am happy with the coverage and benefits of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I am having my two wheeler insurance with Bajaj Allianz and it was taken through online. They have good online facilities and the market value. I don't have any claim experience. I am using this service for past 3 years. I paid around 1100 rupees for a year to purchase this insurance.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • Tata AIG Two Wheeler Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It is a good experience with Tata Aig two wheeler insurance service. The payments are generally through online which is a easy process. I never claimed any service from Tata aig till now. It is a average service from Tata Aig two wheeler insurance service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 15, 2018
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