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✓No Inspection Policy Issuance ✓24x7 Assistance ✓Quick Claim Processing | Buy a Bike Insurance Plan Starting at ₹457/year*

Bike Insurance In Bangalore - Introduction

The garden city of India, Bangalore, is also known as the IT capital of India. Home to many famous industries and educational institutions, Bangalore is one of the busiest cities in the country. People commute using public transport and private vehicles. Around 50 lakh two- wheelers run on the roads of Bangalore. Congested roads and heavy traffic paves way for minor and major accidents. In 2021, 3211 accidents were reported in Bangalore and of that, 651 were fatal. Most of the accident victims were two-wheeler riders. Shockingly, 328 of the 651 fatal cases were bike-riders.

Death is not the only miserable thing that can happen in an accident. Paying for vehicle damages and third-party liabilities can become heavy for one’s pocket. In such unexpected financial emergencies, a two-wheeler insurance can come in handy. Not only is it mandatory to have bike insurance in Bangalore, but also it provides financial cover if anything were to happen. There are a number of insurance companies that provide two-wheeler insurance in Bangalore. You can easily buy one online too. Renewing bike insurance is as important as buying one since carrying around an expired bike insurance is also a punishable offence. Two- wheeler insurance renewal in Bangalore is hassle-free and can be done online too.

Best Two-Wheeler Insurance Plans

Read ahead to understand why you should avail bike insurance in Bangalore online and which are the best bike insurances in Bangalore.

Two-wheeler insurance plans available on the Bajaj MARKETS platform are Bajaj Allianz General Insurance two-wheeler policy, HDFC ERGO General Insurance two-wheeler policy and Acko General Insurance two-wheeler package policy. Check out the features of both these policies here.

 

Bajaj Allianz General Insurance Two-wheeler Policy

Acko General Insurance Two-wheeler package policy

HDFC ERGO General Insurance Two-wheeler policy

Category

Comprehensive

Comprehensive

Comprehensive

Insured Declared Value

Depends on the bike make and model.

Depends on the bike make and model.

Depends on the bike make and model.

Coverage

Own damage, liability against third party cover, personal accident cover

Own damage, liability against third party cover, personal accident cover

Own damage, liability against third party cover, personal accident cover

Tenor

One year

One year

One year

Premium

Depends on the bike make, year and model.

Depends on the bike make, year and model.

Depends on the bike make, year and model.

Personal accident cover

Available

Available

Available

Claim settlement

98%

95% for FY 2020-21

99.8% for FY 2020-21

Key replacement cover

Available

Available

Available

No claim bonus cover

Available

Available

Available

Depreciation protection

Available

Available

Available

Engine protect cover

Available

Available

Available

Roadside assistance

Available

Available

Available

Consumable expenses

Not available

Available

Available

Claim registration process

Digital

Digital

Digital

 

Benefits of Two-Wheeler Insurance

If you buy the best two-wheeler insurance in Bangalore, you can have many benefits. They are:

  • Quick purchase and easy renewal

You can easily buy bike insurance in Bangalore or renew it online using your prefered insurer’s website or mobile application. After the online payment of premium, you will receive the policy purchase or renewal confirmation instantly on your digital device.

  • Third-party and comprehensive coverage

In India, a third-party insurance policy is compulsory. It covers third-party liabilities occurring in case of an accident. But, a comprehensive insurance plan will be more beneficial as it offers extensive coverage. Any of them can be availed for when you consider buying bike insurance in Bangalore.

  • No claim bonus available

If you do not register any claims in a year, insurance providers reward you with a no-claim bonus (NCB). Up to 50% no claim benefits can be earned depending on your insurer. You can transfer your no claim bonus while switching your insurance provider.

  • Digital inspection

During purchase or claim settlement of a bike insurance in Bangalore, you can use your smartphone to complete the due inspection process.

  • Cashless repair

Avail cashless repairing services and assistance from numerous network garages spread across India when you buy bike insurance in Bangalore.

  • Add-on coverages

Several add-on coverages like zero depreciation, breakdown assistance, etc, broaden the scope of insurance policy cover. Add-ons may increase the total premium amount but offer more protection in any unfortunate incident.

Network Garages in Bangalore

You can avail the services of several network and non-network garages in Bangalore when you buy a two-wheeler insurance in Bangalore. Each insurance company has a network of partnered garages across India where you can enjoy quick cashless claim settlement. Bajaj Allianz , HDFC ERGO and Acko offer services of cashless garage to customers who sign up for motor insurance policies with the company and only the best standards of services are provided.

Once you raise a claim for the bike insurance in Bangalore, the insurance company will assign a surveyor to assess the damage incurred to your bike. The assessor will submit a report after damage evaluation. If your claim is approved, your bike will be towed to the nearest authorised garage for repair. After service, you can pick up your serviced bike from the network garage. Your bill will be directly settled with the garage after you pay for the required deductibles if you have opted for cashless claim settlement.

Wrapping it Up!

As per the Indian motor vehicle rules and laws, a motor insurance is mandatory. To avoid any kind of penalties, you should buy two-wheeler insurance in Bangalore at the time of purchase and through your ownership tenor. If you too are looking for a competent bike insurance in Bangalore, Bajaj MARKETS is a great platform you can try. They house bike insurance policies with comprehensive coverage at lucrative costs, quick online processing, hassle-free claim settlement and 24 x 7 customer support.  

Check Out Bike Insurance Plans Available at Bajaj MARKETS

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General FAQs

✔️What are the consequences of an expired two-wheeler insurance policy?

The consequences of allowing your bike insurance to expire are reduction or loss of NCB, you will be exposed to third-party liabilities and you would have to bear the complete cost of repairs in case of an accident.

✔️Can you purchase two-wheeler insurance online?

Yes, you can purchase a two-wheeler insurance policy online through our website Bajaj MARKETS.

✔️What is a No Claim Bonus (NCB)?

A no claim bonus is a discount given by your insurance company on your bike insurance renewal, if you have not made any claims in the preceding year.

✔️What are the add-on covers in two-wheeler insurance?

If you have a comprehensive insurance, there are many add-ons available, such as pillion rider cover, NCB protection cover, consumables cover, engine protection etc.

✔️What happens if I ride without a two-wheeler insurance?

Under the Indian Motor Vehicles Act, third party liability insurance in mandatory. If you are caught without insurance, you could face a fine of Rs2,000/- an/or imprisonment up to 3 months.