Tata AIG Two-wheeler Insurance

• Simple Claim Process

With over 650 claim experts, you can rest assured that your claims settlements will be straightforward and seamless. 

• Cashless Claims 

If you find reimbursement claims to be cumbersome, then Tata AIG has a solution for you! They have 5000+ cashless network garages across the country where you can get your bike repaired free of cost. 

• Unique Choice of Add-ons 

With 8 distinct add-ons that you can purchase to enhance your cover, you can ensure that your bike is sufficiently protected. 

• Generous NCB Policy 

Tata AIG offers up to 50% discount on premiums with its NCBs. This can help lower your Tata AIG Bike Insurance renewals significantly. 

• Coverage and Type of Insurance 

The type of insurance plan you choose is one of the biggest factors that determine your premium. Now, if you choose a basic third-party insurance plan, your premium is lower than if you had opted for a comprehensive coverage plan. 

Though a comprehensive plan is dearer than a third-party plan, it’s important to keep in mind that it offers a much more well-rounded protection to you and your bike in the wake of emergencies. 

• Bike’s Age 

Your bike’s IDV or Insured Declared Value impacts your insurance premium. Your IDV is nothing but the total amount for which your bike is insured for, this is likely your bike’s market value. If your bike is stolen or damaged beyond repair, your insurer will reimburse the IDV amount to you. 

Your IDV is directly correlated with your insurance premium. Thus, the higher your IDV is, the higher your insurance premium will be. Now, as your bike gets older, its market value will come down. Subsequently, your IDV will also come down, causing your insurance premium to get less expensive!

• Make and Model of the Bike 

Generally speaking, sports and luxury bikes have a higher insurance premium than basic models. This is because these bikes are often more expensive than base models, causing their IDVs to be higher as well. And, as we already know, a higher IDV means higher premium. 

• NCB or No Claim Bonus 

An NCB is a discount on premium that is issued by insurance providers to award a policy term of safe driving. You’ll receive an NCB discount of anywhere between 20% to 50% upon a claim-free policy term. This will help you save significantly on Tata AIG Bike Insurance renewals. 

• Location 

The location where the bike predominantly plies can impact your premium. For instance, in relatively low-risk and low traffic areas such as villages and small towns , the insurance premium will be lower. This is because the chances of getting into an accident is lower in these areas as compared to cities with high levels of traffic. 

• Age and Driving Record 

Age of the policyholder and their driving record can have a considerable amount of impact on the insurance premium. Generally, young drivers are considered to have less experience and to be less aware of traffic rules. So, their insurance premium may be higher than that of older, more experienced drivers. 

Similarly, if you have a history of driving rashly, disobeying traffic laws or getting into accidents, then your insurance premium will likely be high. 

• Engine Type or Cubic Capacity 

Third-party insurance premium is calculated primarily based on the bike’s cubic capacity. So, if your bike’s cubic capacity is on the higher end, then this will be reflected in your insurance premium amount. 

• Safety Devices 

If you’ve installed anti-theft devices in your bike, then it’s less likely to be stolen. This effectively lowers the risk associated, thereby lowering your insurance premium. 

• Add-ons

Add-on covers can be added to your comprehensive insurance to enhance your coverage. However, this comes at a cost, so it can drive up your premium cost if you’re not careful. Thoroughly analyse your needs and only purchase add-ons that you need!

• Return-to-Invoice Cover

When your bike is lost or damaged beyond repair, then you will be eligible to receive a reimbursement that is equal to your bike’s IDV or its market value. However, with this rider, you will be able to get the purchase value or on-road price of your bike reimbursed in case of total damage or theft. 

• Emergency Medical Expenses

This rider becomes active when you or the pillion rider are injured in an accident and need medical attention. With this rider, you can get your medical and medical transfer expenses reimbursed. 

• Additional Personal Accident Cover for the Owner-Driver

A lot of times the personal accident cover offered by basic plan may not be sufficient. If that’s the case for you, you can purchase this rider. The amount provided under this rider will be over and above the sum assured offered by your base plan. 

• Additional Third-Party Property Damage Cover

If you feel that the third-party liabilities coverage offered by your comprehensive plan or third-party insurance is not enough, you can go for this plan. With this plan, you will get additional coverage for third-party liabilities. 

• Consumables Expenses

With this cover, the cost of repairing or replacing consumables will be reimbursed. Covered consumables include screw, bolts, nuts, bearings, clips, etc. 

• Roadside Assistance

With this cover, Tata AIG will send immediate breakdown assistance to your location to take care of a number of issues. This can include fuel requirement, dead battery, mechanical breakdown, etc. 

The purchase of  Tata AIG General Insurance Company Limited products by BAJAJ FINSERV DIRECT LIMITED customers is purely on a voluntary basis. For clarifications, customers can call on 1800 266 7780 or 1800 22 9966 or write to customersupport@tataaig.com. This information is given by BAJAJ FINSERV DIRECT LIMITED whose registered office is at Fourth floor, B2, Cerebrum IT Park, Captain Sopanrao Trimbakrao Mulik Path, Kalyani Nagar, Pune, Pune, Maharashtra, 411014. BAJAJ FINSERV DIRECT LIMITED is a Licensed Corporate Agent (Mention License no CA0551) of Tata AIG General Insurance Company Limited (IRDA of India Registration no. 108 CIN: U85110MH2000PLC128425). The insurance products are underwritten by Tata AIG General Insurance Company Limited. Bajaj Finserv Direct Limited is a registered corporate agent of Tata AIG General Insurance Limited For Bajaj Finserv Direct Limited, IRDAI Registration Number