Know The Reasons To Choose TATA AIG Bike Insurance
Updated On Jul 22, 2021
Read this article to find out why TATA AIG General Insurance is the right choice for your bike insurance.
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The Motor Vehicle Act requires that you have at least third-party bike insurance. Insuring your bike will protect it as well as you from the financial liabilities that come with owning a bike. Depending on the policy you choose, your bike insurance may cover not only the costs of bike repairs, but also the damages suffered by a third party as a result of an accident involving your two-wheelers, such as bodily injuries, disability, death, or property damage. In this article, you can find out the perks of purchasing your bike insurance with TATA AIG General Insurance.
Top Features For Bike Insurance At TATA AIG General Insurance
It is critical to compare multiple insurance companies on various parameters when purchasing bike insurance. When you buy a bike insurance policy from TATA AIG General Insurance, you can get a lot of benefits. The following are the benefits of purchasing your bike insurance policy from TATA AIG General Insurance -
Seamless Renewal Process
Accidents can be hectic and damaging events. Arranging money at this traumatizing time can be stressful. This is why it is really critical for you to invest in bike insurance with a reliable company that has a good CSR ( Claim Settlement Ratio). Tata AIG provides a high claim settlement ratio for your vehicle insurance claims, with a 98 percent claim settlement ratio (FY 2020-2021). Experience a seamless claim process online with TATA AIG General Insurance in a few simple steps, thanks to a dedicated team of 650 claim experts.
Discounts On Premium
While you need to look for optimal coverage while looking for bike insurance, it is very important to look for a policy that you can afford. While maximum coverage may be expensive, you can avail of great discounts on your bike insurance premium including the No Claim Bonus. At TATA AIG General Insurance, you can avail up to 75% discount on your premium and NCB starting at 20%.
You may also like to read:- Is Two-Wheeler Insurance Compulsory For Electric Scooters?
It is difficult to get the required complete coverage for your bike with just a standard bike insurance policy. Purchasing additional covers to your standard bike insurance policy will help you to customize your bike insurance plan depending on your needs. At TATA AIG General Insurance, you can choose from 8 add on covers that can prove highly beneficial to you in times of need. The add on covers available at TATA AIG General Insurance is -
- Depreciation Allowance Cover
- Return To Invoice Cover
- Emergency Medical Expenses Cover
- Personal Accident Cover
- Third-Party Property Damage Cover
- Consumables Expenses Cover
- Roadside Assistance Cover
Hassle-Free Cashless Facility
This is one of the most beneficial facilities provided by any insurance company and a factor that you must keep in mind while looking for ideal bike insurance plans. Under this policy, you can repair your bike in the network garages of the insurance company without having to pay for the repair bills. Since the repair bills will be evaluated and paid by the insurance company directly, it is convenient and seamless. TATA AIG General Insurance has over 7,500 network garages which imply that you can repair your bike at the garage that is nearest to you at your convenience without having to worry about the payment. However, you will have to pay the compulsory deductible.
Online Renewal And Claim Settlement Process
With the advancements in technology, buying, renewing and claiming your bike insurance has become very simple. You can renew and claim your bike insurance online with TATA AIG General Insurance. It is time saving and quick. This will eliminate the need for you to go all the way to the branch to renew or claim your insurance.
Bike insurance is not just an obligation, but a necessity. Make sure to invest in bike insurance before taking your bike out if you wish to avoid expensive repair bills and legal complications. However, never forget to compare different insurance policies before purchasing one to get the most suitable bike insurance plan.
Disclaimer: This article is issued in the 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.