• The Whats, the Whys, and the Hows of a Two Wheeler Insurance

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    The Indian automotive industry is one of the largest in the world with over 70% of it being dominated by two wheelers of varying capacities. Despite this massive statistic, over 75% of the country’s two wheeler owners are guilty of not owning vehicle insurance. This situation is prevalent even though Indian law explicitly states that owning insurance is mandatory.

    In this page, we will deal with two wheeler insurance, its types, and the importance of having one for your vehicle.

    Two Wheeler Insurance: The Basics

    A two wheeler insurance is a policy that covers damages which occur to any person or property in the event of a vehicular accident or loss.

    There are two types of two wheeler insurance. They are:

    • Comprehensive Policy: A policy that covers your vehicle against any damage sustained due to fire, flood, or riot. It provides accidental cover and also provides covers for third party liability amounts at the time of an accident.
    • Third Party Liability Policy: A third party liability policy offers coverage against any damage caused by you to another individual and their vehicle.Here’s a scenario which best explains how a third party liability insurance works.

    Mr. A, while on his usual commute to his office, happens to crash into another vehicle. This vehicle in question incurs a significant damage. Mr.A uses the third party insurance to pay for all the expenses they have incurred by simply initiating a claim request with the insurance provider.

    Benefits of having a Two Wheeler Insurance:

    Having a two wheeler insurance offers you plenty of benefits. Here are a few of them you should know about:

    Pays to Replace if you Lose the Vehicle

    Imagine you lose your bike due to some burglary or some fire, and you can’t find any trace of it. One thing worth noting here is that the insurance company only pays the estimated sale value of the vehicle at the time of its loss.

    Pays to Repair Damages

    Imagine you were caught in the middle of a riot and your vehicle had to suffer the wrath of some remorseless rioters. Having an insurance actually allows you to get a vast majority of the costs reimbursed.

    Don’t Need to Pay Out of Your Pocket

    Accidents, whether intended or not, is pretty common in India and damages occur as a result of these accidents. Having insurance would mean that you don’t need to shell out money from your own pocket to settle the expense of treatment or repair. This is because the policy will cover all the costs you will incur.

    Can you Escape by not Owning a Two Wheeler Insurance?

    While it is quite hard for the government to individually track and find out whether you have an insurance or not, it has traffic police officers doing their duty. To answer the question, yes, it is easy to escape by not owning a two wheeler insurance. However, that particular scenario only works when you don’t get caught by the police. In case you do, you will need to shell out over Rs. 5,000 as a fine.

    Besides, the country’s transport ministry is working with National Informatics Centre (NIC), wherein it sends a list of non-insurance holders to the traffic police who are allowed to take strict action against them.

    All in all, in a country where an at least 4 accidents occur every minute, having a vehicle insurance is the only way to make sure that you don’t go bankrupt.

    Whats, Whys, Hows Two Wheeler Insurance Needs for Bikers Reviews

  • Page 1 of 50 1 2 3 4 5
    • Reliance General Two Wheeler Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      Using the RELIANCE GENERAL INSURANCE to renew my two wheeler insurance policy ,. I renew the policy for the 4th time. I have paid Rs,950 to renew the policy this year. I haven't got any claim experience with this policy, but the policy coverage and the benefits are average with the Reliance.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 21, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I have a Bajaj Platina which is insured with the HDFC Ergo insurance. I Never had any claim experience with the policy. I'll have to wait and see how they respond to my claim request in future. I never had any issues with the policy and their services.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I've a Bike Insurance with the HDFC Ergo which I bought for my Honda Dio. I never had any claim experience with the policy. I make a payment 1200-1300 per year for this policy and everything is done online for this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I've three bike insurances from HDFC Ergo, one of them is for my Royal Enfield Bullet. I never had any claim experience with the policy. I applied for the policy online never had any issues with their services. I'll need to wait and see how they respond to my claim requests in future.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • Tata AIG Two Wheeler Insurance
      "Good Policy"
      0.5 3.5/5 "Pretty good"
      I have my two wheeler insured with TATA AIG from last 1 year, i have not claimed anything so far from this insurance policy. I am happy with the coverage value of this insurance policy. A premium of Rs 5500 has to be paid every year for this insurance policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 21, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Disapponting experience ."
      0.5 1.0/5 "Really Bad"
      I've a Bike insurance with the ICICI Lombard and I am really disappointed with their services. My bike was stolen and they were not willing to process the claim request which was a really bad experience. I won't recommended this policy to anyone.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Policy"
      0.5 3.5/5 "Pretty good"
      I hold a two wheeler insurance with ICICI Lombard from last 6 years, i have not claimed anything so far from this insurance policy. I pay a premium of Rs 1200-1500 for this insurance policy. I am happy with the coverage value of this insurance policy.
      Was this review helpful? 0
      , chennai
      Reviewed on May 20, 2018
    • National Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with National Insurance and I am holding this for the last 2 years, i have not claimed anything so far from this insurance policy. I pay a premium of Rs 2600 for this insurance policy which has to be paid every year and i am happy with the coverage value of this policy.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 20, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      The two Wheeler insurance policy is good to use from the HDFC ERGO. The customer support service and the response is good with the HDFC ergo. They give reminders on time to renew the policy before the due date. I have paid Rs,2000 to renew the policy last time.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 18, 2018
    • National Insurance Two Wheeler Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The response was quite good from the National Insurance company. I am renewing my two wheeler Insurance policy with the National insurance company for more than 2 years. The customer support service and the response is good from the National insurance policy. I have paid Rs,1000 to renew the policy last year.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on May 18, 2018
    • Reliance General Two Wheeler Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have insured my two wheeler with the RELIANCE GENERAL INSURANCE company and I renew the policy from the Reliance general insurance company got the past 4 years. I have paid Rs.1600 to renew the policy last time. The policy coverage and the benefits are good with this policy.
      Was this review helpful? 0
      , mettur
      Reviewed on May 18, 2018
    • Reliance General Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I hold a two wheeler insurance with Reliance general from last 2 years, i have not claimed anything so far from this insurance policy. I pay a premium of Rs 1200 which has to be renewed every year. I am happy with the coverage value of this insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with HDFC ERGO from last 3-4 years and it is a good insurance policy to use. A premium of Rs 1500 has to be paid every year for this insurance. I have not claimed anything so far from this insurance. I am satisfied with the coverage value of this inurance.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Average policy to use"
      0.5 4.0/5 "Great!"
      Got the two wheeler Insurance policy from the HDFC ERGO around 2 years ago. The reminders are sent on time via text message and calls from the HDFC ergo to renew the policy on time. The plan benefits and he coverage is good from the HDFC ERGO two wheeler insurance policy.
      Was this review helpful? 0
      , kurnool
      Reviewed on May 16, 2018
    • United India Two Wheeler Insurance
      " UNITED INDIA two wheeler insurance"
      0.5 4.0/5 "Great!"
      From UNITED INDIA INSURANCE i have taken a two wheeler insurance. The yearly premium is for 5000. This policy have the benefit of accidental coverage.There is no claim experience.The customer service and response with them was good.
      Was this review helpful? 0
      , surat
      Reviewed on May 16, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I have been using the two wheeler insurance with HDFC ERGO since last 2 years and this insurance policy was given to me from the bike showroom during the purchase of my bike. I changed to a different insurance provider because of the ease payments. I never had any claim experience with them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I got bike insurance from the showroom which was from a different company. I bough the ICICI Lombard because it was convenient for me. Their branch is near to my home and it is easy to make payments. I never had any claim experience with this policy. .
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2018
    • United India Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      My Bike insurance is with the United India Insurance company. I pay a premium of 1300 per year. I never had any claim experience with the policy. Overall their services are good and there are no commendable features associated with this insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 15, 2018
    • New India Two Wheeler Insurance
      "Two Wheeler Insurance from New India"
      0.5 5.0/5 "Blown Away!"
      I have taken a two wheeler insurance with NEW INDIA ASSURANCE and the policy just covers the third part coverage and the accidental coverage for the rider. Every year i have to renew the policy. There is no claim experience.
      Was this review helpful? 0
      , roorkee
      Reviewed on May 15, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I am having a two wheeler insurance with HDFC ERGO from last 2 years, a premium of more than Rs 1000 has to be paid every year for this insurance policy. I have not claimed so far from this insurance policy. I am happy with the coverage value of this insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 15, 2018
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