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Top 11 Two Wheeler Insurance Companies in India 2019

With the advent of online insurance sales, there is a plethora of two wheeler insurance plans offered by insurance companies in India today. Here, we take a look at the top insurance companies offering an assortment of two-wheeler insurance solutions.

Bajaj Allianz General Insurance Company

One of India’s biggest and best general insurance companies, Bajaj Allianz General Insurance Company came into existence in 2001. Since its establishment, it has grown exponentially, with a presence in nearly 200 towns and cities across the country. It offers a wide variety of insurance products that cater to the requirements of a diverse customer base. The company has been able to penetrate the market to a great extent thanks to its state-of-the-art digital applications. Bajaj Allianz two wheeler insurance carries superior values and the company ensures that its customers have an excellent experience.

HDFC Ergo General Insurance Company

Another major general insurance company in India, HDFC Ergo General Insurance Company is a joint venture between ERGO International AG – the primary insurance body of the Munich Re Group, and HDFC Ltd. The company offers a variety of insurance products across travel, health, motor, and general categories. It also provides property insurance, marine insurance, and liability insurance to its customers. Currently, HDFC Ergo General Insurance Company has 122 branches in 106 cities and employs more than 1,000 people. ICRA Limited has given HDFC Ergo General Insurance Company the iAAA rating and it has also received the ISO certification for its customer service, policy issuance, and claim services, making it one of the best options out there.

Bharti AXA Motor Insurance Company

Bharti Enterprises owns Bharti AXA General Insurance Company in collaboration with AXA, which is a worldwide leader in financial protection. About 51% of the stake in the venture is held by Bharti Enterprises while the remaining 49% is held by AXA Group. The company came into existence in 2008 and presently has more than 80 branches across India. It offers a variety of insurance policies for commercial as well as retail clients. You can avail travel insurance, critical illness insurance, personal accident insurance, home insurance, car insurance, and two wheeler insurance from Bharti AXA General Insurance Company. Bharti AXA two wheeler insurance extends to a number of helpful products such as commercial vehicle insurance, third-party liability insurance, etc. Since its inception over 10 years ago, Bharti AXA Motor Insurance Company has issued nearly 10 million policies, settling around 1.3 million claims in the process so far.

National Insurance Company

Founded in 1906, the National Insurance Company is India’s oldest insurance company. It is also the only non-life insurance company in the public sector and among the most trusted insurers across the country. The National Insurance Company has received the ‘Best in Service’ award for its health and motor insurance business that comprises 63% of the non-life insurance market in India, making it an option worth considering if you are looking to purchase two wheeler insurance online.

IFFCO Tokio Insurance Company

The Indian Farmers’ Fertilizer Co-operative Nichido Fire Group, or IFFCO, as it is commonly known, and Tokio Marine got into a joint venture to create IFFCO Tokio Insurance Company in the year 2000. Since it was established as an insurance major in the country, IFFCO Tokio Insurance Company has grown significantly as the years have passed. It offers a wide variety of motor insurance products that cater to the needs of a diverse customer base. The two wheeler insurance policies offered by IFFCO Tokio Insurance Company are simple, and the company also has a high claim settlement ratio which makes it a preferred option among many bike owners in the country.

New India Assurance Company Limited

Sir Dorabji Tata, the founding member of the House of Tata established the New India Assurance Company Limited in 1919. A merger of Indian companies saw the New India Assurance Company Limited get nationalised in 1973, and it has since gained a reputation for being one of India’s leading insurers. It remains the first non-life company in the country whose global business crossed Rs.22,270 crores in March 2017, and has an international presence in Singapore, Kenya, Japan, the UK, and the middle east. It offers comprehensive and liability-only two wheeler insurance policies to its customers at competitive rates and has plans that are designed to meet your unique insurance needs.

L&T Motor Insurance Company

Larsen and Toubro Limited (L&T) fully owns the L&T General Insurance Company Ltd. Forbes has rated L&T General Insurance Company Ltd. among the top 50 reputed companies across the globe, and the company’s goal is to establish itself as an insurer that stands out from its competitors by providing its customers with helpful and effective insurance solutions. The L&T Group has been around for 70 years, gaining financial strength and expertise that have contributed towards making it a leader in several segments and construing it as a trustworthy and credible insurance company thanks to its effective range of products.

SBI Insurance Company

The SBI General Insurance Company Limited is jointly owned by Insurance Australia Group (IAG) and the State Bank of India. The State Bank of India is the country’s largest banking institution and has more than 20,000 branches in towns and cities across India. It also has five associate banks and owns 74% of the SBI Insurance Company while the remaining 26% stake is held by IAG. SBI Insurance Company offers a variety of insurance products such as travel insurance, home insurance, health insurance, motor insurance, personal accident insurance, fire insurance, marine insurance, etc. SBI two wheeler insurance is definitely one of the options to consider if you plan to buy bike insurance online.

Royal Sundaram Alliance Insurance Company

The very first private sector insurance company to be licensed in India, Royal Sundaram Alliance Insurance Company offers a wide range of insurance solutions across travel, home, personal accident, motor, and health sectors. The company has more than five million customers and distributes its products across 136 cities in India. It is one of the most reputable and trusted insurance companies in the country and Royal Sundaram two wheeler insurance is one of the best options out there if you are looking for bike insurance online.

Tata AIG Motor Insurance Company

Tata AIG Motor Insurance Company is a joint venture between Tata and AIG, which is a leading American conglomerate. Ever since its inception, Tata AIG Motor Insurance Company has become a popular name in the market thanks to the provision of innovative insurance solutions. It offers a wide range of insurance services and is present in more than 187 locations across India, making it one of the biggest and best insurance companies in the country.

Reliance General Insurance Company

A part of the Reliance Group, the Reliance General Insurance Company is among India’s most trusted insurance companies. It caters to a diverse customer base and has a variety of insurance products such as travel insurance, health insurance, motor insurance and much more. With 139 offices across the country, Reliance General Insurance Company is among the most popular as well as trusted insurers in India. The company has received several awards for Quality Management System from Det Norske Veritas – a renowned Global Quality Standards Auditing Company. It also holds the distinct privilege of being the first insurance company from India to receive the company-wide ISO 9001:2008 certification thanks to its provision of quality products and services to customers across the country.

Considering the number of quality insurance providers in India, it is essential to do your homework and consider a variety of factors to find the insurance company and policy that best suit your unique insurance requirements.

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Customer Reviews

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  • National Insurance Two Wheeler Insurance
    "Good"
    0.5 4.0/5 "Great!"
    While purchasing Passion Pro, they have provided me an insurance for bike with National Insurance. The policy coverage is 2 years. I got the insurance paper without any delay. I have no claims so far. Its a first party insurance. Am not sure about the premium and benefits.
    Was this review helpful? 0
    , madurai
    Reviewed on Sep 17, 2019
  • United India
    United India Two Wheeler Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I took my two wheeler insurance with United India Insurance because the premium is affordable. I have no claims so far. I am having Honda Activa. Am paying 1100 rupees yearly for the renewal through cash. I have gone for full covered insurance. The benefits are average.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 17, 2019
  • L and T Two Wheeler Insurance
    "Good Plan for bike"
    0.5 5.0/5 "Blown Away!"
    Very recently I availed L&T general insurance for my latest model duo bike, they are providing 100% of coverage including plastic, glass materials etc. I took the plan for five years at the time of bike purchase, the customer support is good for my queries.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 15, 2019
  • Oriental Insurance Two Wheeler Insurance
    "Good customer centric"
    0.5 4.5/5 "Excellent!"
    My father recommended Oriental Insurance two wheeler policy, I paid the amount of Rs. 3600 for two years of coverage. The insurance value is really good based on the vehicle age, I believe they give cover upto 90% of my TVS Victor bike. I am getting reminder calls from their end through sms.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 14, 2019
  • Oriental Insurance Two Wheeler Insurance
    "Average"
    0.5 3.5/5 "Pretty good"
    My bike is a old model and am looking for third party insurance so have gone with Oriental Insurance. They have charged me Rs.700 to 800 for one year plan. The services are above average. The benefits are also average. I need to visit the office for renewal procedure. I got the insurance paper through postal.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Sep 14, 2019
  • Reliance General Two Wheeler Insurance
    "Good to go"
    0.5 4.0/5 "Great!"
    My spouse have taken care of two wheeler policy but I would say Reliance cost is economical the plan for actually one year, it has full coverage. So far there is no claim with this insurer, the idv value is good based on my bike manufacture year.
    Was this review helpful? 1
    , chennai
    Reviewed on Sep 14, 2019
  • Oriental Insurance Two Wheeler Insurance
    "Trust worthy plan"
    0.5 4.0/5 "Great!"
    Oriental Insurance is providing the bike policy with cheap cost around Rs.1100 including third party and comprehensive plan. I do have Honda activa 2014 bike, they gave me best IDV value based on the manufacture year. The renewal process is very easy, I used to get gentle reminder before 10 days of due date.
    Was this review helpful? 0
    , vijayawada
    Reviewed on Sep 14, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Good for bike insurance"
    0.5 4.0/5 "Great!"
    When I purchase the bike, the dealer helped to take bike policy from ICICI Lombard, I paid the premium amount of Rs. 1800 for per annum its for comprehensive plan. I got the policy copy on time through the showroom, I have taken this plan for my honda activa bike.
    Was this review helpful? 1
    , bangalore
    Reviewed on Sep 13, 2019
  • Royal Sundaram Two Wheeler Insurance
    "Can do better"
    0.5 4.0/5 "Great!"
    This year I took the plan from Royal Sundaram I paid Rs. 2000 for one year bike insurance, it gives full coverage, the renewal process was very easy I done it through online, I got the policy paper on the same day through email. When my policy got expired I didn't get any updates from their end, the service should be more proactive.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 12, 2019
  • Iffco Tokio Two Wheeler Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
    Last year I took two wheeler plan from Iffco Tokiyo, I paid the premium around Rs.2000 for comprehensive plan of my 2016 due bike. I used to renew the policy through my friend whose is working there. They give reminder calls also before the due date. its prompt.
    Was this review helpful? 1
    , bangalore
    Reviewed on Sep 12, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Good for bike protection"
    0.5 5.0/5 "Blown Away!"
    I found the premium cost is very lesser in Bajaj Allianz and its mandatory to hold the policy for my company purpose. I just entered my policy no on the website the renewal process happened instantly, last year I paid the premium around Rs.1200 for comprehensive plan, the insurance value is also good.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Sep 12, 2019
  • Iffco Tokio Two Wheeler Insurance
    "Need to reduce the premium"
    0.5 4.0/5 "Great!"
    Recently I have renewed my two wheeler policy with Iffoc Tokio and the services are average. Bajaj is a Corporate agent for Iffco Tokio, I have chosen third party insurance. I have paid the premium around 3,500 rupees for 2 years. I felt, the premium is on higher side. I got insurance paper through soft copy.
    Was this review helpful? 1
    , bangalore
    Reviewed on Sep 11, 2019
  • United India Two Wheeler Insurance
    "Okay"
    0.5 4.0/5 "Great!"
    I had a bike insurance with United Insurance for the previous year. I have done lot of claims and they have responded well.I have purchased Pulsar 220 and got the insurance from the dealer. The premium goes higher and also the accessibility of insurance office is very less.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 10, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have a two wheeler insurance with ICICI LOMBARD because of branding ICICI BANK and the claim process was very easier via online. The benefits are average. I have taken a first party insurance. The premium is almost same as upon the bike market value.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 10, 2019
  • Reliance General Two Wheeler Insurance
    "Renewal process should be easier"
    0.5 4.0/5 "Great!"
    My two wheeler policy belongs to Reliance, last year I paid Rs.1300 for one year its comprehensive plan for my 2017 Bajaj discover. Their service is not upto the mark I am unable to reach them even the renewal process is very difficult they wanted to take my bike to the particular place with my policy book.
    Was this review helpful? 2
    , coimbatore
    Reviewed on Sep 09, 2019
  • Reliance General Two Wheeler Insurance
    "Hoping to have a good time"
    0.5 4.0/5 "Great!"
    I have never availed any claim and i don't have any words for their helpingness towards the claim but i have been renewing the policy with reliance. Last time i have renewed the policy for continuous 5 years. Since my bike is from Bajaj, i took the policy from Reliance. Its easy process of renewing the policy.
    Was this review helpful? 2
    , gurgaon
    Reviewed on Sep 08, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Can do better"
    0.5 3.5/5 "Pretty good"
    Earlier I had my two wheeler policy with Bajaj Allianz but as compared to others the premium cost is higher but the IDV is okay for me for my bike manufacture year. The renewal process is very easier but I didn't get the reminder call for my policy.
    Was this review helpful? 1
    , ghaziabad
    Reviewed on Sep 07, 2019
  • New India Two Wheeler Insurance
    "Fast claim processing"
    0.5 5.0/5 "Blown Away!"
    In New India, they have claimed my process without any hassles. The moment i informed about the claim, the guy came to my place and checked everything. They have given me a 100% coverage when i done the claim. The premium amount is nominal. My policy is expired its because of the hassles in their physical activity, i have switched over to other company.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Sep 07, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Premium value should be less"
    0.5 3.0/5 "Satisfactory"
    When lapsing the policy, they are keep on sending the reminders to renew the policy in that their customer care service is good. They have given me a more IDV Value which is a good thing. Through online, i have chosen the ICICI Lombard i got the good benefits hence i have chosen them. The premium amount is slightly on a higher side.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Sep 07, 2019
  • United India Two Wheeler Insurance
    "Trusty Worthy"
    0.5 4.5/5 "Excellent!"
    I am holding two wheeler policy with United India Insurance, last year I paid around Rs.1500 premium for my 2014 Mahindra centro bike, at the time I got the comprehensive plan. The renewal process is very easy, I used to give call to the concern person they take care of everything.
    Was this review helpful? 0
    , lucknow
    Reviewed on Sep 07, 2019
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