Top 7 Two Wheeler Insurance Companies in India 2019

Top 7 Two Wheeler Insurance Companies in India 2019

Two wheeler vehicles like bike or scooter is considered to be your best partner and easy mode of transportation to roam around the city. It is the most common vehicle among Indian citizens as it gives the right edge against horrible Indian traffic and helps to reach everywhere in predetermined time. Though two wheeler vehicles are one of the easiest modes of transportation, you cannot avoid the risk while travelling in two wheeler.

Riding bikes and scooters entails a lot of risk. A mishap in the road can lead to financial loss or injuries or even death of the riders. Although, it is not possible to ensure utmost security while riding but measures can be taken to minimize the extent of damages and losses. This is why two wheeler insurance plans are indispensible for two wheeler vehicles owners in India.

There are no dearth two wheeler insurance companies in India. But, in order to choose the best two wheeler insurance plan in India bike and scooter riders need to evaluate a number of crucial factors such as speed and ratio of claim settlement Ratio, premium and term of two wheeler Insurance policy, network of cashless garages in India and the likes. Here is the chosen list of top 7 Two Wheeler Insurance companies in India in 2019 after considering all important parameters.

Top 7 Two Wheeler Insurance Companies in India for 2019          

With the booming appearance of internet, now you can avail the facilities of online insurance purchase. There is plethora of online insurance providers in India. The following lists of top 7 two wheeler insurance companies that will help you select the best provider. If you are on the lookout for the best two wheeler insurance plan in 2019 you can go for any of these 10 two wheeler insurance companies in India.

1. HDFC ERGO General Insurance Company Limited

HDFC ERGO is one of the most sought-after two wheeler insurance companies in India. The company boasts a strong network across the country. When it comes to claim related services, HDFC ERGO is one of the most reliable names in India. Aside from claim settlement, HDFC ERGO also excels in customer service, policy issuance process.

Benefits Offered under HDFC ERGO Two Wheeler Insurance

  • HDFC ERGO two wheeler insurance plans come with long term coverage. You can buy two wheeler insurance online and keep your bike or scooter protected for a maximum of 3 years
  • Being long-term plans, this policy offers full benefit of NCB regardless of the claim history.
  • The third party premium remains the same for the tenure of 2 or 3 years and help the policyholders save on third party premium every year.
  • HDFC ERGO boasts a whopping of 94% claim settlement rate,
  • In case of an accident, once the damaged vehicle is taken to the garage, claim of policyholders is usually approved within its 24 hours
  • Bike and scooter owners can select from a range of IDV when they buy HDFC ERGO two wheeler insurance online.

2. Bajaj Allianz General Insurance Company Limited

After HDFC ERGO, Bajaj Allianz is one of the best two wheeler insurance companies in India’s private sector. With innovative products and impeccable services, Bajaj Allianz can be the go-to company for your two wheeler insurance online policy.

Benefits of Availing Bajaj Allianz Two Wheeler Insurance

  • Policyholders can transfer up to a maximum of 50% NCB from any other bike insurance company in India.
  • Bajaj Allianz provides 24x7 claims support over telephone on holidays as well
  • Third Party premium remains the same for long term Bajaj Allianz two wheeler insurance package policy
  • In case of a long-term two wheeler insurance package policy from Bajaj Allianz, NCB does not become zero even after a claim.

3. Bharti AXA General Insurance

Bharti AXA two wheeler insurance covers physical injury of the insured in the events like terrorist attacks accidents. Bharti AXA two wheeler insurance online policy covers the expense of servicing and replacement of parts of bike or scooter in cases of natural calamities and man-made disasters. If you are looking for a two wheeler insurance company in India with live customer support round the clock, Bharti AXA is the way to go.

Benefits of Availing Bharti AXA Two Wheeler Insurance Policy

  • You can avail cashless facility in more than 2500 Cashless Garages.
  • You can get Bharti AXA two wheeler insurance policy renewal instantly without any paperwork.
  • If you buy a Long Term Bharti AXA Two Wheeler Package Policy, you can save on premiums.
  • Even if you make a claim, your NCB doesn’t drop to zero if you buy a Long Term Two Wheeler Package Policy
  • You can avail 10% premium discount for 2 years and 20% premium discount for 3 years.

4. New India Assurance Company Limited

If you want your two wheeler insurance company from public sector, this PSU insurance company can well be your best bet. New India Assurance is known for its grievance resolution system which is flawless and claims processing which is quick and transparent.

Benefits of Availing New India Assurance Bike Insurance

  • New India two wheeler insurance plan offers 20% to 50% NCB.
  • Add-on covers are also available with New India two wheeler insurance plans for additional premium.
  • Claim process is hassle-free at New India Assurance
  • Policyholders can buy and renew the New India two wheeler insurance plan online.

5. SBI General Insurance Company

When it comes to finance and banking in India’s insurance market, SBI General Insurance is a renowned organization. This insurer offers a wide range of general insurance products, SBI two wheeler insurance is certainly one of the selection to consider if you think to buy two wheeler insurance online.

Benefits of Availing SBI Two Wheeler Insurance Policy

  • The premium of a SBI two wheeler insurance policy online is worked out on the basis of the policyholders’ profile.
  • SBI two wheeler insurance plans provide discounts to bike-owners between 25 and 55 years.
  • The policy offers discounts for continuous renewal without any break.
  • Full NCB can be transferred to SBI two wheeler insurance plan online.

6. Reliance General Insurance

Reliance General Insurance is one of the top two wheeler insurance companies in India. You can buy or renew your two wheeler insurance plan online from Reliance if the benefits offered by this company suits your requirement.

Benefits of Availing Reliance Two Wheeler Insurance Plan

  • You can renew your expired policy without paperwork or inspection by opting for Reliance two wheeler insurance plan.
  • Reliance two wheeler insurance plans are unbelievably inexpensive, starting at Rs. 3 per day.
  • You can avail cashless facility in more than 2100 network garages across India.
  • You can avail up to 40% discount on your Reliance two wheeler insurance premium.
  • You can avail Rs. 1500 allowance on towing charges.
  • Reliance two wheeler insurance policy repays in case of the thefts, riot, accidents and natural calamities without any need of documentation.
  • Aside from NCB, discount is available for anti theft device installation, membership of recognized Automobile Association.       

7. ICICI Lombard Insurance Company

India’s leading private sector general insurer ICICI Lombard provides an ample range of general insurance products – ICICI Lombard two wheeler insurance is one of them. If you buy bike insurance policy from ICICI Lombard, it protects you and your bike against unforeseen accidents.

Benefits of Availing ICICI Two Wheeler Insurance Policy

  • This insurer provides long-term two wheeler insurance which remains valid for up to 3 years.
  • Two wheeler insurance online policy from ICICI Lombard doesn’t require vehicular inspection conducted even if your bike insurance policy gets expired.
  • ICICI Lombard two wheeler insurance online plan comes with personal accident coverage for owner-driver. You can also avail add-on covers to safeguard co-passengers.
  • This policy comes with add-on covers to shield accessories of your bike.    

Conclusion

With each passing year, an increasing number of people are buying bikes and scooters in India. With the growing rate of two wheelers plying on Indian roads, the demand for a trustworthy two wheeler insurance company in India is also on the rise.

You can select any one of from the list of two wheeler insurance companies mentioned above. Before making the final decision, it is always wise to compare two wheeler insurance online in terms of benefits, limitations price and other vital aspects.  You can visit GIBL.IN, the premiere online insurance marketplace for a seamless comparison of multiple two wheeler insurance online plans and select the best two wheeler insurance company as per your requirement. You can also buy and renew two wheeler insurance online plans right from the portal of GIBL.IN.

 

Read More: Coverage and Benefits of Two Wheeler Insurance Online

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