About 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. Since 16 years, the insurance company has been catering to the endless customer needs by providing a variety of insurance policies, including bike insurance, car insurance, health insurance, travel insurance, and home insurance in the retail space, as well as customised insurance policies for marine insurance, property insurance, and liability insurance in the corporate space, with bike insurance being one of its most 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 also achieved ISO certification for its insurance claim services, customer service, and policy issuance in the fields of bike insurance, health insurance, and other types of insurance. With more than 120 offices in 106 cities, the general insurer employs over 3,000 people who are dedicated to accomplishing common goals.
Customers can choose from third-party bike insurance, standalone own-damage bike insurance, and complete bike insurance policies from the general insurance company.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.
Under the same insurance policy, HDFC ERGO Comprehensive Two-Wheeler insurance covers both own-damage costs and third-party liabilities. This type of insurance protects you against the risks of riding a two-wheeler.
A potential buyer can also purchase an add-on cover to supplement the base coverage of the insurance plan. With a standalone own-damage and comprehensive policy, add-on covers can be purchased. These add-ons come at an additional cost, but if the correct add-on is selected with the policy, they can be quite useful in times of crisis.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.
When you buy any form of two-wheeler insurance policy from HDFC ERGO General Insurance, you can get a lot of benefits. HDFC ERGO has a large and well-equipped garage network. The insurance provider is well-known for providing car repair services the next day.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
Third-Party Insurance (Property Damage)
Up to Rs. 1 Lakh
Depends on the IDV of the two-wheeler
Personal Accident Cover
Maximum of Rs 15 Lakh
24x7 Claim Assistance Available
- Save upto 75%*Lowest Bike Premiums
- 11.5 Lakh+Happy Customers
- Claim Support7 days a week
*TP price for less than 75cc two-wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply
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Benefits of HDFC ERGO Bike Insurance
- An extensive network of 6,800+ garages
- 24x7 emergency assistance is available
- Offers the facility of renewal without inspection
- Insurer provides paperless insurance procedures
- Allows the policyholders to make unlimited claims
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HDFC ERGO Bike Insurance User Reviews
- Most Helpful
- Cashless Garages
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HDFC ERGO Bike Insurance FAQs
Why should I pick HDFC ERGO Bike Insurance ?In the insurance market, HDFC ERGO is a trusted brand. It has been striving for many years to provide its customers with the best insurance service possible. For FY 2019-20, it has a claim settlement ratio of 91.23 %, showing that it has a long list of satisfied consumers.
Why do I need insurance for my bike when it is not even a luxury model?Everyone, regardless of whether he lives a simple or luxury life, requires a sense of safety and security.Bike insurance will protect you financially in the case of an emergency.There might be a situation where a simple accident will burden you with unlimited liabilities.
Does HDFC ERGO provide benefits of Zero Depreciation ?Customers can choose to have their HDFC ERGO Comprehensive Bike Insurance policy include a Zero Depreciation benefit. Customers can take advantage of the benefits by buying Zero Depreciation Add-on Cover.
What bike insurance plans does HDFC Bike Insurance offer?1 year Comprehensive Plan, Long-Term Comprehensive Insurance, Standalone Motor Own-Damage Cover, and Two-Wheeler Liability Only Insurance are the four types of bike insurance plans offered by the company.
In India, how many branches does the company have?HDFC ERGO's vision is to provide bike insurance to individuals from all the arenas. It has over 120 branches in 106+ cities across India, including Maharashtra, Jammu & Kashmir, Gujrat, Haryana, Punjab, West Bengal, and others.
Why to buy from InsuranceDekho?
- Instant policy# within 5 mins
- More than 45 lac happy customers
- Claim Support available all 7 days of the week
HDFC ERGO Policy Wording Document Download
- 1.0 MB
- PDF Document
- November 2, 2020
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