Almost all bike lovers enjoy the thrill and the rush that comes with riding a bike. It doesn’t matter if they bought their first bike for transport and mobility, for a job or for a long touring trip; they all ultimately love the open road. But the open road also poses many risks. That’s why a bike insurance online is a must for any rider.
In India, the Motor Vehicles Act, 1988, requires every two-wheeler to have at least third-party coverage on their bike insurance. The mandate was passed to offer protection to those who suffered injuries in case of a bike accident. However, this is the bare minimum and you should always look for comprehensive coverage when choosing your bike insurance online.
Top 10 Bike Insurance Online
If you are too confused on how to choose which bike insurance companies are the best, here’s a list of the top 10 best bike insurance online companies in India.
#1 Bharti AXA
Bharti AXA is one of the most trusted insurance companies in India. It offers free bike servicing across its widespread garage network in India, backed by efficient 24×7 customer service team. There are multiple premium paying options and they offer an instant policy in case of online bike insurance purchases.
#2 HDFC Ergo
HDFC Ergo offers comprehensive protection for two-wheelers at competitive rates. It has a global presence and is ‘iAAA’ certified, lending to its credibility in the market. It’s known for its seamless claims process, excellent customer service and customisable bike insurance policies.
#3 Bajaj Allianz
Bajaj Allianz is one of the most innovate insurance companies in the market today. It has been recognised as the ‘Best General Insurance Company in the private sector’ by ABP News in 2014, amongst other noteworthy awards. The company offers financial protection in case of damages resulting from natural calamities like earthquakes, floods and landslides and also against contingencies like theft, terrorist activity and riots.
#4 Reliance General Insurance
Reliance General Insurance is one of the youngest companies in this list. However, it has fast become one of the most popular options for two-wheeler owners. It offers quick and easy policy renewal, seamless claims process, No Claims Bonus on anti-theft device installation and other benefits.
#5 New India Assurance
A fully-owned Government of India enterprise, New India Assurance has a strong global presence in over 27 countries. It is the only direct insurer from India to be awarded ‘A’ rating by A.M. Best. It has one of the fastest grievance resolution systems and offers deductions for low-cost insurance coverage.
#6 SBI General Insurance
Backed by SBI’s pedigree in banking and capital management, SBI General Insurance is the insurance arm of the group. It is present in more than 56 cities in India and is known for being a customer-centric organisation. It is one of the only companies to offer customised policies according to the profile of the customer.
#7 Tata AIG
Tata AIG is one of the most successful companies in …