ATA AIG General Insurance company was incorporated in the year 2000 as a joint venture of TATA Group and American International Group. TATA is a trusted name in India, and coming in collaboration with globally acclaimed insurance and finance corporation has created trust among several customers. TATA AIG is providing excellent bike insurance plans to its users for more than two decades. TATA AIG bike insurance offers you all-around protection for any unforeseen incidents. It provides comprehensive coverage against the financial liabilities owing to theft, burglary, housebreaks, natural calamity, or third-party damage.
TATA AIG offers three types of bike insurance/two-wheeler insurance in India; Standalone own damage insurance, comprehensive insurance, and third-party insurance. An individual can choose a plan as per his requirement.
Advantages of TATA AIG Bike insurance
TATA AIG Bike insurance has distinctive features which make it a choice of millions. TATA AIG Bike insurance plan is cost-efficient and transparent.
- Third-party liability coverage in terms of property damage or bodily injury
- TATA AIG Bike insurance plan covers total or partial loss caused to the vehicle due to accident or any other related perils.
- No deductions on the count of the salvage value under the TATA AIG Bike insurance plan
- No claim Bonus
- Prefixed rate to calculate depreciation of the parts which needs to be changed due to accident
- Personal accidents cover up to fifteen lac.
- 24/7 customer support
- The hassle-free online renewal process
- The quick claims settlement process
- Add-on covers like depreciation reimbursement, return to the invoice are also available.
The bike has become an integral part of the economy. Being the most convenient and affordable mode of transportation, it occupies a vital space in general people’s life. With so many bikes moving across the cities, the probability of accidents rises, therefore the bike insurance reduces the risk that occurs being on the road.
Bike insurance shields you against the damages caused to your bike due to accidents, fires, natural disasters, or theft. The bike insurance will also safeguard you against liabilities incurred due to damages to any third party and his vehicle or property.
As per Indian law, it is mandatory to have at least third-party bike insurance. It will cover all the losses if you ram into any third-party vehicle or someone else hits you.
Bike insurance Policy
A bike insurance policy is a contract between the insurance company/ insurer and the policyholder/bike owner. The insurance company provides you financial coverage to your bike against any loss incurred due to accidents, fires, natural disasters, or theft. The bike insurance policy also covers third-party liabilities and personal accidents.
Bike insurance gives you financial security and minimizes the blow by paying for the damages in situations such as accidents, theft, natural calamities, etc.
Coverage in Bike Insurance
It is important to understand, what is covered in your bike insurance
The bike insurance policy covers the losses and damages incurred if your bike gets stolen.
Any type of loss that happened to your bike due to an accident is covered in your bike insurance policy against the expenses towards repair or replacement.
Loss and damages that occurred to the bike due to accidental fire are covered in the bike insurance policy.