We are specialised in doing Bike Insurance in Delhi. We work PAN India but focusing New Delhi. We as a Bike Insurance agent provide all type of insurance of various companies such as HDFC Bike Insurance, Digit Bike Insurance, Bajaj Bike Insurance, ICICI Lombard Bike Insurance, Reliance Bike insurance and more. Weather you are looking for full comprehensive insurance or Third Party Bike Insurance we have several options for you. As per motor vehicles Act,1988 third party insurance is mandatory in India. We do online third party bike insurance of various companies in India. It just takes 2 min to buy online insurance. No inspection required and paper less procedure. Our team of expertise will guide for the best insurance. 24 x 7 claim support and cashless bike insurance.
We have all types of bike insurance such as first party known known as comprehensive bike insurance or full bike insurance. Stand Alone OD Policy in which only own damaged is provided with the existing third party insurance. Third Party bike insurance in which the other party will get the claim. Third party is mandatory and the rates of third party are decided by IRDAI (Insurance Regulatory and Development Authority). There are multiple types of bike insurance add on covered which are available in comprehensive bike insurance plans. Zero Depreciation Cover, RTI (Return to Invoice), consumables, PA (Personal accidental), Passenger Cover, Roadside Assistance, NCB Protection Cover and more.
Own Damage Cover – It provides financial coverage in case of own damage of your bike. This feature is not available in third party bike insurance. Own damage is covered only in full insurance or standalone OD policy.
Third Party Cover – This is a mandatory thing that every bike owner should have as per the law. This cover gives claim to the other person, means third party in case of accident, death or disability.
Personal Accidental Cover (PA) – This cover provides claim currently of Rs. 15 Lakh in case of death or disability of the policy holder.
Comprehensive Insurance – It is also known as full insurance or first party bike insurance policy. It has all the features of bike insurance such as third party cover, PA Cover and Own Damage Cover. You can also opt for add-ons in this such as Zero Deprecation, NCB Protection, Roadside assistance cover. The policy covers both, the bike owner and the third party person who got hit with your bike. You also get NCB on renewal in case you didn’t take any claim. NCB means No claim bonus which starts from 0% and the maximum is 50%. It increases step by step on every renewal for not taking any claim during the policy period. On taking the claim it moves to 0% again. Third Party Insurance is included in Full Insurance.
Third Party InsuranceAs per motor Vehicle Act 1988 every vehicle owner should have at least third party policy with him. In case of no policy, Rs. 2000/- file is charged. Rates of third party insurance is decide by IRDAI (Insurance Regulatory and Development Authority). The rates of third party bike insurance is based on cubic capacity of your bike. The first option is for bikes not exceeding 75cc, second is for the bikes ranging from 75cc to 150cc, third is 150cc to 350cc and the last is all the bikes exceeding 350cc. Based on this table third party rates are calculated and these rates keep on changing as guide by the IRDAI. The claim amount in third party bike insurance is decided by the court and given to the third party only in case of accidental damage, death or disability. The maximum amount of claim amount also keeps on changing earlier it was 1lac then 2.5 lac*.
Standalone Own Damage Cover This policy is given to those bike owners who already have 3 or 5 years third party policy with them. This policy includes claim only for own damage and all the details of third party policy and PA cover is mentioned on the policy. Sometime you get PA cover for 3 or 5 year and sometimes for 1 year only as like own damage. At the time of renewal, you can switch to any other company and retain NCB (No Claim Bonus). Sometime new own damage company gives you PA policy or sometimes you have to buy it separately. In this situation you have to manage two or third policies at the same time.
The NCB which means no claim bonus is a part of comprehensive / Full insurance / First Insurance policy. It is a discount given to the policy holder on own damage premium for not taking any claim during the policy period. Third Party Bike Insurance policy does not have this feature available as it is given only on own damage premium.
In the first year NCB is 0% and on first renewal it will be 20% which means 20% discount on own damage premium. After 20% next year it moves to 25% then 35%. After 35% it moves to 45% and last 50%. It continues till 50% unable to take the claim. In the year you take the claim of any amount the discount will be 0% for next year. In any year you can the company it will not affect your bonus as last company and policy details are always mentioned on the current policy.
There is another rule of the No Claim Bonus, If your bike insurance policy expires there is no grace period but in case of No Claim Bonus there is a grace period of 90 days which if you buy the new policy within 90 days of the last policy expire you can carry forward no claim bonus. Maximum is for 90 days only.
IDV simply means Insured declared value. It means the value according to the insured (policy holder). The actual claim is given by the company depends on market value but IDV is the maximum limit of your bike value. In a situation where your bike is valued at 1 Lac according to you but you keep the value 50,000 and there is a case of theft or total damage. Company calculates the value of vehicle at 70,000 but you kept it as 50,000 so you will get claim according to 50,000 only. Every company decides there own value some companies gives more value to the vehicle and some give less value.
There are many optional addon cover in bike insurance policy. You have to pay extra for these covers but there are multiple benefits of these add on options.
Zero Depreciation Cover
– The most common add on cover which is available for approximately 5 Years and some times more depending up on the insurance company. As everything depreciates with time bike party also reduces its value with the passage of time. In this situation the company deduct amount at the time of claim but in case of zero depreciation cover in bike insurance you get full value of the vehicle parts in case of claim.
Return to Invoice Cover
In case where repair cost exceeds the vehicle value company gives the amount. In other situation such as theft or total damage of the bike, the company gives the value. If you are having this cover, company will repay you the amount as mentioned in the invoice means the same amount which was there the time of purchase.
Consumable Cover Generally, claim amount does not include cost of nuts, bolts, grease, screws etc. You have to pay from your pocket for these things. If you have this add on in your policy, the company will give you claim for these small expenses also.
Roadside Assistance As the name says, this cover in your policy will help you to provide assistance in the situation when you bike got stuck on road due to some damage. The company will provide your assistance and toe the bike to the nearest garage.
Every policy Is a cashless policy, it depends on the garage. Every garage has tie up with different companies. It depends on the garage where you visit, if the company has tie-up with the garage you can avail the benefit of cashless claim else you have to follow the reimbursement process in which you have to submit the bill in the company and they will reimbursee the amount.
I brought best deal in two wheeler insurance within minutes. Really great experience with Bike Insurance Delhi, their approach to clients is spot on. Truly professionals in terms of policies and customer service.
Thanks to the services of Bike Insurance Delhi. Guided me right insurance plan for my family's health. Cover for financial health protection. Investing 500/month is a good plan.
Best agent for insurance purposes providing best services during the policy and providing accurate information about policy and after selling giving good service and timely giving information about renewal.
Their policies are very detailed and are comparatively cheaper. The app is user friendly and can be used by people of all age groups. I am satisfied with their services and would highly recommend them.
My experience so far has been great! Really informative, I liked the way they explained us about each n every policy with such depth!. Even online I was satisfied with their services.
Nice and best insurance company .You can visit for your best choise in simple rate what you want you can buy ..I am satisfied with their services and would highly recommend them.
The staff is caring and very helpful. Thankyou for your continuous effort in making good customer relations. Very Good Experience.I am satisfied with their services and would highly recommend them.
They make false promises, delay your claim, ignore you, may be find 100+ reasons for not doing work and they will just make you feel they are concerned related to your work.Thankyou for your continuous effort in making good customer relations
Its been 3 years now that I am buying my bike insurance from Bike Insurance Delhi continuously, and I am really delighted with the policies offered to me. I would like to thank Bike Insurance Delhi team.
I would like to thank Bike Insurance Delhi team because of very simple and easy process. The manner in which my claim processing was handled is commendable.I would like to thank Bike Insurance Delhi team again.
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GA-6, Shiv Nagar, Jail Road, Hari Nagar
New Delhi,
Delhi - 110058
+91 7838904326