Bike insurance starting from Rs.482/year*
  • Save upto 75%*
    Lowest Bike Premiums
  • 11.5 Lakh+
    Happy Customers
  • Claim Support
    7 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

Magma Comprehensive Bike Insurance Policy

Magma Bike Insurance

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  • Round the clock 24*7 customer support from the toll-free helpline
  • 77.89% Claim Settlement Ratio in FY18
  • More Than 200 Branches Across India
  • Claim Settlement In 7 Business Days

Magma Comprehensive Two-Wheeler Insurance Policy

Magma HDI General Insurance has successfully provided a wide coverage against the uncertainties of life through its comprehensive bike insurance policy. The Magma comprehensive bike insurance policy shields its policyholders from the financial liabilities to the third party as well as the financial loss due to own damage suffered by the insured’s bike. It provides financial security and peace of mind to the policyholders.

Magma HDI Comprehensive Bike Insurance vs Third Party Bike Insurance

Parameters

Comprehensive Bike insurance

Third Party Bike insurance

Coverage

Comprehensive bike insurance policy provides coverage for the third party liabilities as well as own damage to the insured’s bike.

Third party bike insurance policy provides financial support only for the third party damage incurred due to the insured’s bike.

Add-ons

Comprehensive bike insurance offers a wide range of add-on options to extend the coverage.

Third party insurance does not offer any add-on cover.

Cost

The comprehensive policy is relatively higher due to its extensive coverage.

The third party policy is cost-effective as it provides limited coverage to the policyholders.

What All is Covered Under Magma HDI Comprehensive Bike Insurance Plan?

Magma HDI comprehensive bike insurance policy provides coverage for the following aspects.

  • Third party liabilities: The Magma HDI comprehensive bike insurance policy provides financial assistance to the policyholders for any third party damage, loss or injury caused by the insured’s bike. Any bodily injuries, death, permanent disability and property damage of the third party gets covered by the insurer.
  • Own damage caused by natural calamities: The damage caused to the insured’s bike due to any natural calamities such as flood, earthquake, landslide etc. is covered by the insurer.
  • Own damage caused by man-made disasters: Any damage to the insured’s bike due to riot, strike, fire, terrorist activities or any such man-made disasters gets covered by the insurer.
  • Theft: The theft or burglary of the insured’s bike is covered under the Magma comprehensive bike insurance.

What All Is Not Covered Under Magma HDI Comprehensive Bike Insurance Plan?

Magma HDI comprehensive bike insurance policy does not provide coverage for the following.

  • Normal wear and tear
  • In case of mechanical or electrical breakdown
  • Damage caused due to contractual liability
  • Lack of a valid licence while driving
  • For driving under the influence of alcohol or intoxicating drugs
  • In case of willful negligence
  • Damage occurred during war, nuclear risk, mutiny rebellion or any such situation.

Benefits of Magma HDI Comprehensive Bike Insurance Policy

Benefits of Magma HDI Comprehensive Bike Insurance Policy

Magma HDI comprehensive bike policy provides multiple benefits which are discussed below.

  • The policyholder is relieved from the third party liability and own damage expense.
  • It offers an easy and online policy issuance.
  • A variety of add-ons ensures extensive coverage.
  • A wide network of cashless garages spread all over India provides free repair and replacement service.
  • Swift and easy claim settlement process.

Magma Bike Insurance User Reviews

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What users are saying
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  • Most Helpful
  • Great Service

    Great Service. Thanks to the executive of the InsuranceDekho portal for helping me buy an insurance policy exa...

    Read More
    D
    By DINESH NAGSHI MAHESHWARI
    On: September 10, 2020
  • Quick settlements of claims

    I purchased a Magma bike insurance plan from InsuranceDekho portal. I made a claim request for my Hero HF Delu...

    Read More
    A
    By Aditya Mehta
    On: July 10, 2020
  • Good insurance services

    Magma insurance plan offers protection for my Yamaha Saluto bike through its great and prompt insurance servic...

    Read More
    A
    By Amish Gaur
    On: July 9, 2020
  • Top-notch support service

    I have a Magma insurance plan for my Suzuki Gixxer SF 250 bike that I bought from InsuranceDekho platform. The...

    Read More
    A
    By Arvind Mehra
    On: July 3, 2020
  • Compare and choose option

    Insurance Dekho is a perfect insurance platform that provided me with various insurance quotes to select my po...

    Read More
    S
    By Saumil Sahore
    On: June 26, 2020
  • Splendid insurance services

    The InsuranceDekho platform offered me a variety of insurance services for my Magma insurance. It helped me a ...

    Read More
    I
    By Ishaan Malhotra
    On: June 25, 2020
  • Paperless insurance procedures

    I have a comprehensive insurance plan of Magma Insurance Firm that covers my Bajaj Dominar 400. I chose and pu...

    Read More
    K
    By Kunal Tyagi
    On: June 4, 2020
  • Quick claim settlements

    Magma Insurance firm quickly settled my claim request for TVS Jupiter scooty. I have bought this great plan fr...

    Read More
    K
    By Komal Asthana
    On: May 29, 2020
  • Efficient claim settlement

    I faced not a single problem in getting my claim settled for the Magma insurance policy that I bought for my H...

    Read More
    H
    By Hemant Shekhawat
    On: May 15, 2020
  • Incredible customer support

    The customer support staff of Magma Insurance is brilliant and have provided me with great assistance to prote...

    Read More
    A
    By Avin Goyal
    On: May 8, 2020
  • Great Service

    Great Service. Thanks to the executive of the InsuranceDekho portal for helping me buy an insurance policy exa...

    Read More
    D
    By DINESH NAGSHI MAHESHWARI
    On: September 10, 2020
  • Quick settlements of claims

    I purchased a Magma bike insurance plan from InsuranceDekho portal. I made a claim request for my Hero HF Delu...

    Read More
    A
    By Aditya Mehta
    On: July 10, 2020
  • Good insurance services

    Magma insurance plan offers protection for my Yamaha Saluto bike through its great and prompt insurance servic...

    Read More
    A
    By Amish Gaur
    On: July 9, 2020
  • Top-notch support service

    I have a Magma insurance plan for my Suzuki Gixxer SF 250 bike that I bought from InsuranceDekho platform. The...

    Read More
    A
    By Arvind Mehra
    On: July 3, 2020
  • Compare and choose option

    Insurance Dekho is a perfect insurance platform that provided me with various insurance quotes to select my po...

    Read More
    S
    By Saumil Sahore
    On: June 26, 2020
  • Splendid insurance services

    The InsuranceDekho platform offered me a variety of insurance services for my Magma insurance. It helped me a ...

    Read More
    I
    By Ishaan Malhotra
    On: June 25, 2020
  • Paperless insurance procedures

    I have a comprehensive insurance plan of Magma Insurance Firm that covers my Bajaj Dominar 400. I chose and pu...

    Read More
    K
    By Kunal Tyagi
    On: June 4, 2020
  • Quick claim settlements

    Magma Insurance firm quickly settled my claim request for TVS Jupiter scooty. I have bought this great plan fr...

    Read More
    K
    By Komal Asthana
    On: May 29, 2020
  • Efficient claim settlement

    I faced not a single problem in getting my claim settled for the Magma insurance policy that I bought for my H...

    Read More
    H
    By Hemant Shekhawat
    On: May 15, 2020
  • Incredible customer support

    The customer support staff of Magma Insurance is brilliant and have provided me with great assistance to prote...

    Read More
    A
    By Avin Goyal
    On: May 8, 2020

Magma HDI Comprehensive Bike Insurance FAQs

  • What are the discounts offered on the premium by Magma HDI comprehensive bike insurance policy?

    Magma HDI comprehensive bike insurance policy offers the following discounts on the premium amount.

    • Voluntary deductible
    • Discount for anti-theft device
    • No Claim Bonus can be availed if you do not make a claim during the policy period
    • Automobile Association discount.
  • Can I get a duplicate copy of my Magma HDI comprehensive bike insurance policy if I have lost the policy documents?

    A duplicate of the Magma HDI comprehensive bike insurance policy can be received by making a payment of Rs.50. You can call the toll free number 1800 266 3202 or visit any of the branch offices to get assistance about the same.

  • When can I opt for the add-on covers along with the Magma HDI comprehensive bike insurance policy?

    You can choose the add-on covers as per your preference and add it to your Magma HDI comprehensive bike insurance policy at the time of purchase, in the middle of the tenure and at the time of renewal of the policy.

  • Does Magma HDI comprehensive bike insurance provide coverage for the bike in transit?

    The Magma HDI comprehensive bike insurance provides coverage for damage which occurs while the bike is in transit. This includes transit by air, road, waterway, elevator, etc.

  • How can I get the quotes for Magma HDI comprehensive bike insurance policy?

    You can get the quotes for Magma HDI bike insurance policy by using the “View Quotes” option on its official website. You can also opt to get the quote through Insurance Dekho just by entering the bike registration number on its “Get a Quote” feature.

Why Choose Bike Insurance from InsuranceDekho?

  • Instant policy# within 5 mins
  • More than 11.5 Lac happy customers
  • Claim Support available all 7 days of the week

Magma Bike Insurance Contact Details

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Latest Bike Insurance News

#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.