Here are the complete details of Bike/Two Wheeler Insurance: Buy-Renew Best Vehicle Plans| TeamBillion , Online List 2022- TTB Insurance .Rating ⭐⭐⭐⭐⭐ – 4.8 .. (729)reviews. CHECK INSURANCE.
What is Bike Insurance :
Bike insurance is the protection of any two-wheeler from general and road accidents, theft, repair, and damages of vehicle parts. After getting two-wheeler insurance safety of life and coverage of vehicle repair can be made from the policy provider.
Types Of Two Wheeler Insurance Policy :
There are their types of two-wheeler insurance policies in India. after dividing these three categories and types we can find the best policy and services made from their particular area.
- Comprehensive Two Wheeler Insurance Policy
- Third-Party Bike Insurance
- Own-Damage Two Wheeler Insurance Policy
Comprehensive Two Wheeler Insurance Policy
This type of insurance cover third-party accidental condition and any problem created by own bike. it covers policy and facilities of the bike owner such as –
- terrorist activity or damage caused during travel
- damages created from accident, fire, or theft.
- The problem made by disasters, natural calamities, self-ignition, explosion
Third-Party Bike Insurance :
Third-party insurance covers basic things that happened with the bike and its owner. third party plans get benefits and it’s also known as a liability. Bike/Two Wheeler Insurance: Buy-Renew Best Vehicle Plans| TeamBillion
- it protects against damages caused to the third-party bodily injuries and damages to their vehicle.
- death of the third party person due to an accident.
- Injury to the third party.
- third party insurance does not cover damages incurred by the insured’s bike or the insured person.
Own-Damage Two Wheeler Insurance Policy :
The Standalone own damage policy made flexibility to the bike owner for recovering and getting best bike insurance service. this plan can create like
- The natural disaster made by earthquakes, floods, cyclones, landslides, etc
- Damage in transit
- Accident, Theft, Fire
Best Bike Insurance companies and there plan in 2022 :
| No. | Car Insurance Companies | Established Year | The best claim settlement(2022) |
| 1. | Bajaj Allianz General Insurance Co. Ltd. | 2001 | 98.2%. |
| 2. | National Insurance Co. Ltd. | 1906 | 88.5% |
| 3. | Bharti AXA General Insurance Co. Ltd. | 2008 | 87% |
| 4. | HDFC ERGO General Insurance Co. Ltd. | 2002 | 95.8% |
| 5. | Future Generali India Insurance Co. Ltd. | 2007 | 94% |
| 6. | Reliance General Insurance Co. Ltd. | 2000 | 98.6% |
| 7. | The New India Assurance Co. Ltd. | 1919 | 79.% |
| 8. | SBI General Insurance Co. Ltd. | 2009 | 90 %. |
| 9. | Kotak Mahindra General Insurance Co. Ltd. | 2015 | 91 % |
| 10. | ICICI Lombard General Insurance Co. Ltd. | 2001 | 93.4 %. |
| 11. | The Oriental Insurance Co. Ltd. | 1947 | 96 % |
| 12. | Digit bike Insurance | 2016 | 98 % |
| 13. | Edelweiss bike Insurance | 2016 | 94 % |
| 14. | Royal Sundaram bike Insurance | 2001 | 99.8 % |
| 15. | United India bike Insurance | 1938 | 95 % |
Bajaj Allianz General Insurance Co. Ltd.
This bike insurance company provides – Personal Accident cover, Optional coverage, Discounts and Concessions,Quick registration for online purchase, Liability coverage.Bike/Two Wheeler Insurance: Buy-Renew Best Vehicle Plans| TeamBillion
| No. | Types of Services and processes followed by Baja Allianz | Benefits of car insurance from Bajaj |
| 1 | Personal Accident cover | up to rupees 1 lakh to 15 lakh |
| 2 | Minimum time to Get a bike Insurance | Less than 20Minute |
| 3 | Renew Without Inspection | Digital medium |
| 4 | On-The-Spot Settlement | Yes, from the App |
| 5 | Claims Settlement Ratio (CSR) | Up to 98.2% |
National Insurance Co. Ltd.
In this two-wheeler policy they cover benefits like-Annual package policy, Liability, Long term (2 yrs/3 yrs) package, Death or bodily injury to a third party person, Damage to third party property, Wear and tear, breakdowns.
| No. | Types of Services and processes followed by Baja Allianz | Benefits of car insurance from Bajaj |
| 1 | Personal Accident cover | minimum 1 lakh |
| 2 | Minimum time to Get a bike Insurance | Less than 10Minute |
| 3 | Renew Without Inspection | Digital medium |
| 4 | On-The-Spot Settlement | Yes, from the App |
| 5 | Claims Settlement Ratio (CSR) | Up to 88.5% |
Future Generali India Insurance Co. Ltd. :
Future Generali bike insurance cover facility such as – Instant policy issuance and renewal, BIKE DAMAGES , PERSONAL ACCIDENT, LIABILITIES, ZERO DEPRECIATION, LOSS OF PERSONAL BELONGINGS, NO CLAIM BONUS
| No. | Types of Services and processes followed by Baja Allianz | Benefits of car insurance from Bajaj |
| 1 | Personal Accident cover | up to 15 lakh |
| 2 | Minimum time to Get a bike Insurance | Less than 15 Minute |
| 3 | Renew Without Inspection | Digital medium |
| 4 | On-The-Spot Settlement | Yes, from the App |
| 5 | Claims Settlement Ratio (CSR) | Up to 94% |
Digit bike Insurance :
this is the best online bike insurance platform in India. digit two-wheeler insurance cover things like – Accidents, Theft, Theft, Natural Disasters, Personal accidents, Third Party Losses, Zero Depreciation Cover, and Engine & Gear-box Protection Cover.Two Wheeler Insurance Policy: Buy/Renew Bike Insurance Online (2022)
| No. | Types of Services and processes followed by Baja Allianz | Benefits of car insurance from Bajaj |
| 1 | Personal Accident cover | up to 7.5 lakh |
| 2 | Minimum time to Get a bike Insurance | Less than 5 Minute |
| 3 | Renew Without Inspection | Digital medium |
| 4 | On-The-Spot Settlement | Yes, from the App |
| 5 | Claims Settlement Ratio (CSR) | Up to 98 % |
Benefits of a Buy/Renew Two Wheeler Insurance Policy :
- More number of options
- Saves Money, Time and Energy
- Less paperwork
- Available Anytime
- Easy renewal
- Unbiased Opinion
- Easy to Compare Different Plans Online
- Direct Transaction With The Company
- Payment Security.
- Cover for Third-Party Liability
- Own Damage Cover
- covers your bike in case it gets damaged due to an accident or calamities