HDFC ERGO Bike Insurance

HDFC ERGO General Insurance Co. Ltd. is a joint venture between HDFC Ltd. and ERGO International AG where the former is India’s premier Housing Finance Institution and the latter is a primary insurance entity of the Munich Re Group. The insurance company has been catering to the endless customer needs since 16 years by offering them a range of insurance policies, including bike insurance, car insurance, health insurance, travel insurance, home insurance in the retail space and customised insurance policies for marine insurance, property insurance, and liability insurance in the corporate space, bike insurance being one of its popular products. It offers a wide range of plans and add-on covers for every portfolio, thereby fulfilling all the requirements of the customers.

HDFC ERGO General Insurance has been assigned an ‘iAAA’ rating by ICRA that indicates its highest claim paying capability. It had also received ISO certification for their insurance claim services in bike insurance, health insurance, etc., customer servicing, and policy issuance. With more than 120 branches in more than 106 cities, the general insurer has more than 3,000 employees who work dedicatedly to achieve common goals.

The general insurance company offers third party bike insurance policy, standalone own-damage bike insurance policies, and comprehensive bike insurance policies to the customers. Bike insurance policies offered by HDFC ERGO General Insurance come at an affordable bike insurance premium yet offer wide coverage. They come with features such as No Claim Bonus, 24*7 roadside assistance, cashless services, and so on.

HDFC ERGO Bike Insurance

HDFC ERGO General Insurance offers three main types of two-wheeler insurance namely Third Party, Standalone Own-Damage and Comprehensive Insurance Plan. HDFC ERGO Third Party Two-Wheeler insurance is a type of cover that is mandatory as per the Motor Vehicles Act, 1988, this cover takes care of the third party liability such as bodily injuries, demise or property damage of the third party in case an unforeseen event occurs.

HDFC ERGO Standalone Own-Damage Two-Wheeler insurance covers the damages to the policyholder's two-wheeler caused during an accident, theft, fire/explosion, vandalism and natural/manmade calamities. This type of insurance policy covers the cost of own damages/cost of repairs that the policyholder may have to bear themselves.

HDFC ERGO Comprehensive Two-Wheeler insurance covers both own-damage costs and third party liabilities under the same insurance policy. This type of insurance cover provides cover from the uncertainties of driving a two-wheeler.

A potential buyer can also buy an add-on cover that can strengthen the base coverage of the insurance plan. Add-on covers can be purchased with standalone own-damage cover and comprehensive policy. These add-ons come at an additional cost, but they can be very useful in times of crisis if the correct add-on is chosen with the policy. Some popular add-on covers are zero depreciation cover, engine protection cover, roadside assistance cover and tyre protection cover. You can choose an add-on that is suitable according to requirements and budget.

You can avail several benefits of purchasing any type of two-wheeler insurance policy from HDFC ERGO General Insurance. HDFC ERGO has a wide and well-equipped network of garages. The insurance provider is well known for overnight car repair services. HDFC ERGO offers seamless claim procedure, affordable premium rates and also offers 24x7 customer support. HDFC ERGO follows a paperless procedure, all transactions made are paperless.

Significant Points of HDFC ERGO Bike Insurance