Liberty Bike Insurance

About Liberty Bike Insurance

Liberty General Insurance Limited is a renowned private general insurance company in India. It was formed after an amalgamation between Liberty Citystate holdings PTE Ltd, Enam Securities and DP Jindal Group. The stakes are divided into the ratio of 48.7%, 25.32% and 26%. The company finally commenced its business in the year 2013. It always aimed to provide a wide range of the most attractive and user-friendly bike insurance plans and other insurance policies to its customers.

The company offers an ample variety of insurance products ranging from Bike Insurance, Car Insurance, Health Insurance, Commercial Insurance to Engineering risk Insurance. All their policies are designed, keeping in mind consumer satisfaction. Apart from the bike insurance and related sectors, the company also participates towards fulfilling its civic responsibility towards society by setting up Orphanages, Old age homes, etc.

The company achieved a growth rate of 40% in 2018. It has set up its operation across 28 states of India. Currently, it has 97 offices set up in 95 different cities of the nation. It has an employee strength of 1200 and more. Other than the traditional medium of offering bike insurance policies and several other covers through branches, it also provides procedures online through its website and different online aggregators.

The company has set high standards of customer service for bike insurance plans in addition to industry contribution and technology implementation. The commitment of the firm towards the bike insurance and other solutions has made it receive several awards and recognition such as the ''Employer of Choice'' award in 2014, ''Most Influential Retail Leader'' award in 2017, ''Excellence in Partner Marketing'' award in 2019 and many more.

Liberty Bike Insurance

Liberty General Insurance is a joint venture insurance provider in India. They have made a name for themselves for the wide variety of policies they offer their customers at competitive rates. For two-wheelers, Liberty Insurance offers three basic types of covers: third party insurance, standalone own-damage covers and comprehensive plans. Third party insurance is a compulsory cover for a two-wheeler in India. If caught without it you can be fined Rs 2,000 and/or be imprisoned for up to 3 months according to the Indian Motor Tariff. The insurance will handle third party liabilities in case of a mishap including bodily injuries, death and property damage. If you want coverage for own-damage costs, on the other hand, you should purchase a standalone own-damage cover. Though not compulsory it is a prudent purchase as it will cover the cost of damage in a variety of scenarios such as road accidents, theft, vandalism, natural disasters and manmade calamities. However, the best option is to purchase the Liberty two-wheeler comprehensive insurance plan. With this type of insurance, both your own-damage costs and third party liabilities will be taken care of under a single premium.

Furthermore, you can purchase add-on covers along with the standalone own-damage cover and comprehensive plans to further strengthen your policy. Add-on covers are optional and they allow you to choose ones that are aligned with your needs. Well-chosen add-ons can make a significant impact on the claim amount. Some add-ons that may be useful to you include the zero depreciation cover, the consumables cover, the return to invoice cover and the tyre protect cover.

Liberty General Insurance offers its customers a number of benefits including claim settlement within 7 working days, cashless claim, no claim bonus for claim-free years of won-damage covers and efficient customer service.

Significant Points of Liberty Bike Insurance

Disclaimer

This article is issued in general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.