• Importance of Understanding Two Wheeler Insurance Policy

     4.5 / 5.0   by 2762 users
    Used this product? Write a review >>

    Cashless Treatment

    Fees & Charges

    Promised Interest Rate

    Plan Benefits

    Policy Coverage

    Customer Service

    Medical Coverage

    Claim Experience

    Responsiveness

    Every individual who wishes to take his vehicle out on an Indian road must ensure that the vehicle is insured. In most cases, two wheeler insurance is offered to customers who purchase the vehicle at the showroom itself. Once the insurance has expired, the policy can be renewed or changed as per the customer’s preferences. Since insurance is a contract of agreement between an individual and an insurance company, it is essential that you read through the entire policy document carefully and understand what it covers and what it excludes as possessing thorough knowledge about your insurance package will make it relatively easy to go about the company’s claims process.

    Following are some of the main benefits of reading through the policy document with care:

    Inclusions and Exclusions

    The policy document will have explicit content regarding the circumstances and situations wherein you will be eligible to make claims towards damages or loss. It will inform you in detail regarding your rights and the compensation you can expect in case of unforeseen events. The policy document will also tell you about all the exclusions and the circumstances under which you shouldn’t claim insurance.

    Depreciation

    Two wheeler insurance policies are mainly of two kinds – comprehensive and third-party. A zero depreciation cover can be purchased in addition to your comprehensive two wheeler insurance policy. The insurance company, when compensation the policyholder for a certain damage or loss, will subtract a part of the amount as depreciation, but such a deduction will not be applicable to you if you have purchased a zero depreciation cover. Therefore, the amount of money you can claim will be slightly more if you purchase a zero depreciation cover.

    Cashless Claims

    Cashless claims are considered more convenient alternatives to reimbursement claims. In cashless claims, the policyholder will not have to incur costs on repairs unless the cost of repairs exceeds the claim amount. Since not every insurer offers cashless claims, reading through the policy will help you understand whether you are eligible for the same or not.

    Compulsory Deductible

    Insurance companies usually deduct a specific sum of money from the claim amount when a claim has been made. The amount will be different for different policies, so make sure you read through the fine print to understand how much money will be deducted from your claim amount.

    No Claim Bonus

    In case you have not made any claims in the previous year, you may be eligible for a no claim bonus. Going through your policy document can help you understand how you claim this bonus.

    Terms of Cancellation of Policy

    If you are not happy with the terms and conditions of the policy, or the service provided by the insurance company, you can always cancel your policy. To do so, you will have to read through the cancellation terms of the policy.

    Claim Registration Process

    If your vehicle is damaged or lost, a claim will have to be registered, and going through your policy document will help you understand the process and go about it with relative ease.

    In addition to the aforementioned benefits, reading through your two wheeler insurance policy will increase your knowledge about the plan and everything to do with it.

    Importance of Understanding Two Wheeler Insurance Policy Reviews

  • Page 1 of 50 1 2 3 4 5
    • ICICI Lombard Two Wheeler Insurance
      "best policy"
      0.5 5.0/5 "Blown Away!"
      I had taken a two wheeler insurance policy from the top most private sector insurance company ICICI LOMBARD GENERAL INSURANCE. My annual premium is very reasonable by comparing with other insurance products which is 1900/-. . I can prefer online to renew my two wheeler insurance policy with in the due date. I had bought this two wheeler insurance policy along with my vehicle.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 18, 2018
    • New India Two Wheeler Insurance
      "Good Policy"
      0.5 3.5/5 "Pretty good"
      I have my two wheeler insured with New India Assurance 1 year back, i am happy with the coverage value of this insurance policy. I did not claim anything so far from this insurance policy. A premium of Rs 1200 has to be paid for this two wheeler insurance.
      Was this review helpful? 0
      , noida
      Reviewed on Apr 18, 2018
    • Liberty Videocon Two Wheeler Insurance
      "better experience"
      0.5 4.0/5 "Great!"
      I had taken a two wheeler insurance policy from the public sector insurance company LIBERTY VIDEOCON GENERAL INSURANCE. My annual premium amount is quite high by comparing with other premiums. I did not received my policy document by mail and hard copy too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • HDFC Ergo Two Wheeler Insurance
      "best policy"
      0.5 5.0/5 "Blown Away!"
      I had taken a two wheeler insurance policy from the public sector insurance company HDFC ERGO GENERAL INSURANCE. My annual premium amount is Rs. 4000/- which is very reasonable by comparing with other premiums. I had received my policy document by mail.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • National Insurance Two Wheeler Insurance
      "best policy"
      0.5 4.0/5 "Great!"
      I had taken a two wheeler insurance policy from the public sector insurance company NATIONAL INSURANCE. My annual premium amount is Rs. 1600/- which is very reasonable by comparing with other premiums. I had received my policy document by mail.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 18, 2018
    • ICICI Lombard Two Wheeler Insurance
      "good policy"
      0.5 4.0/5 "Great!"
      I had taken a two wheeler insurance policy from the top most private sector insurance company ICICI LOMBARD GENERAL INSURANCE. My annual premium amount is very reasonable by comparing with other premiums. I had received my policy document to my registered communication address.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 18, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Average service"
      0.5 2.0/5 "Expected more"
      I have got the two wheeler insurance policy from the IFFCO TOKIO around 2 years ago. I have paid Rs, 1800 to get this policy from the Iffco tokio and this policy has the tenure of 2years. The customer support service and the response is good here, and they won't give the intimations to renew the policy on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with IFFCO TOKYO from last 4-5 years, i do not have claim experience so far with this insurance policy. A premium of Rs 1200-1500 has to be paid for this insurance and i am happy with the coverage value of this insurance policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 17, 2018
    • Bharti Axa Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have recently taken a two wheeler insurance with Bharti Axa general insurance 6 months back. The coverage value of this insurance policy is 50% which is satisfactory. I have not claimed anything so far from this insurance and i pay a premium of Rs 1100 for this insurance policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 17, 2018
    • National Insurance Two Wheeler Insurance
      "Not satisfied"
      0.5 2.5/5 "Just OK"
      I have my two wheeler insured with National insurance from last 1 year, I am not satisfied with the coverage value of this insurance. I had a claim experience but they covered only 70-80%. A premium of Rs 1300 has to be paid every year for this insurance policy.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 17, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I hold a two wheeler insurance with IFFCO TOKYO from more than 5 years, the coverage value of this insurance policy is satisfactory. I have not claimed anything so far from this insurance policy. I pay a premium of Rs 1000 every year for this insurance policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 17, 2018
    • Bharti Axa Two Wheeler Insurance
      "better experience"
      0.5 3.0/5 "Satisfactory"
      I had taken a two wheeler insurance policy for my vehicle from the top most insurance company BHARTI AXA GENERAL INSURANCE. I didn't received my policy document. The customer support is not up to mark. My annual premium is very reasonable by comparing with other premiums.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 17, 2018
    • Reliance General Two Wheeler Insurance
      "good policy"
      0.5 3.0/5 "Satisfactory"
      I had taken a Two insurance policy from the RELIANCE GENERAL INSURANCE. My annual premium is Rs, 1000/- which is very reasonable by comparing other premiums. I had received policy hard copy document by registered post. I dint have any claim experience so i am unable to comment on it.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 17, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Average policy to use"
      0.5 3.0/5 "Satisfactory"
      The HDFC ergo has given me the two wheeler insurance policy, and I renew the policy for the past 4 years. The customer support service is not giving the intimations to renew the policy on time. I don't have any claim experience with this HDFC ergo two wheeler insurance policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 17, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the two wheeler Insurance policy from the ICICI LOMBARD GENERAL INSURANCE last year. The customer support service is good with the ICICI Lombard ,because they give good response to the customers. I have paid Rs,1500 to renew the policy last time.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Apr 17, 2018
    • New India Two Wheeler Insurance
      "Better policy to use"
      0.5 4.0/5 "Great!"
      Renewing the two wheeler insurance policy from the New India assurance company and I renew it for the 4th time. I don't have any claim experience from this new India assurance two wheeler insurance policy , but I would say the policy is better to use.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have a two wheeler insurance with HDFC ERGO from last 6 years, the coverage value of this insurance policy is satisfactory. I have not claimed anything so far with this insurance policy. A premium of Rs 1600 has to be paid for this insurance policy every year.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 16, 2018
    • Magma HDI Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with Magma insurance from last 1 year, a premium of Rs 1600 has to be paid every year for this insurance policy. I have not taken any claim experience so far with this insurance and i am satisfied with the coverage value of this insurance.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 16, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have recently taken a two wheeler insurance from IFFCO TOKYO 1 month back, i am happy with the coverage value of this insurance and i have not claimed anything so far from this insuranc. I pay a premium of Rs 1200 for this insurance policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with HDFC ERGO 9-10 years, it is one of the good insurance policy to use. I have not claimed anything so far with this insurance and the coverage value of this insurance is 60-70% and i pay a premium of Rs 1200-1500.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 16, 2018
    Common Loader Icon
    Page 1 of 50 1 2 3 4 5
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.