Bike Insurance in Tamil Nadu

A bike insurance policy is a binding contract between the policyholder and the insurance company. Under this contract, the insurance company promises to provide financial and legal protection against any damages and loss involving the insured vehicle. 

Moreover, it is compulsory under the provisions of the Motor Vehicles Act 1988 that every vehicle owner must have a motor insurance policy with third-party liability insurance. 

However, you can consider buying comprehensive insurance that includes third-party insurance along with extensive own-damage protection as well as add-on features. 

Some significant problems faced by bike owners in Tamil Nadu include:

• Traffic congestion makes it difficult for bike riders to navigate on the road and increases the risk of accidents. 
• Poor road conditions like open man-holes, pot-holes, and broken roads cause jerking of bikes that might result in loss of control of the vehicle and lead to an accident.
• Reckless driving by other drivers is a significant cause of two-wheeler accidents in Tamil Nadu. 
• The lack of dedicated lanes for pedestrians and bicycles can cause collisions. 
• Tamil Nadu faces extreme weather conditions, such as heavy rainfall, which makes the roads slippery and accident-prone. 
• People lack basic knowledge of traffic rules and regulations and jump signals, which causes significant accidents. 

At Tata AIG, we offer three types of bike insurance policies to suit individual customers' coverage needs. Here is detailed information about all three policies. 

•  Tata AIG Third-Party Bike Insurance 

A third-party bike insurance policy is insurance that provides financial and legal protection against third-party persons and property damages involving the insured bike. 

It is a mandatory insurance that every bike owner needs to have for their legal and financial protection.  

• Tata AIG Standalone Own Damage Cover Bike Insurance Policy 

As its name suggests, a standalone own damage cover bike insurance policy only protects the insured bike. Any damages or loss that occurred to the bike due to any accident will be covered under this insurance. 

• Tata AIG Comprehensive Bike Insurance Policy 

A comprehensive bike insurance policy is an extensive policy that protects a vast range of damages and losses, including accidents, theft, fire explosions, and more. It also includes third-party liability protection involving your insured bike. 

You can further enhance the coverage and ensure more targeted protection with a range of add-ons.

Various factors can affect your two-wheeler insurance rate, especially if you buy comprehensive insurance. Some of these factors include:

• Registration location: Your vehicle's registration location affects its premium cost. Vehicles registered in rural areas and small towns have lower premium costs than those registered in urban and metropolitan areas. 
• No Claim Bonus: A no-claim bonus, or NCB, is a discount on premiums that insurance companies give to policyholders who did not raise any claims in the previous year(s). 
• Make and Model of Bike: If you have a high-end or expensive bike, you are likely to have higher insurance premiums than those who have medium and low-range bikes. 
• Add-on Covers: Add-on covers in bike insurance policies can cost some extra bucks, but they provide extra protection against various damages. 
• Bike IDV: IDV in bike insurance refers to the maximum amount that an insurance company can pay for the total loss of your bike, including irreplaceable damages and theft. 

•  Third-Party Bike Insurance Premium Rates

The third-party insurance premium price is determined by the bike’s engine cubic capacity (CC) and related factors. 

Moreover, the third-party insurance rates are uniform among various insurance providers because they are declared annually by the Insurance Regulatory and Development Authority of India (IRDAI).

• Know Your Requirements: Asses what your requirements are from insurance in terms of coverage, policy price, features, renewal policy, and other details. 
• Claim Settlement Procedure: Always buy an insurance policy from a reputable provider with a good record of claim settlement. You can read reviews online from other customers to judge. 
• Policy Premium: Although the policy premium price keeps fluctuating, you should always get the estimated premium price before buying insurance. 
• Exclusions: Read the list of excluded conditions in the policy terms and conditions document to avoid future inconvenience. 

Add-ons: Ad-ons, although they have separate prices, provide extra protection along with insurance from unforeseeable damages. 

• Easy Comparison: Online policies provide you with the facility of easy comparison of insurance prices, features, benefits, and policies by browsing online. 
• Time-Saving: Buying a bike insurance policy online is more efficient than going to the bank and standing in long lines for the same procedure. 
• Paperless Procedure: The whole process of buying insurance to document submission and verification is done online. It reduces the effort required to organise physician documents. 
• Customisable: Online insurance policies are easy to customise as per your coverage needs. You just need to browse and select the benefits and add-ons you want to get. 

Safe and Secure: The whole process is secured, and all your sensitive information, from insurance documents to bank details, remains confidential. 

At Tata AIG, we understand the individual needs of our policyholders and, thus, prioritise providing them with the best services and insurance benefits. You should get insured with us if you want:

• Easy Claim Procedure: With our dedicated team of claim experts and online claim process page, your claim settlement process becomes seamless. 
• Easy Buy and Renewal Process: We offer an online facility where you can buy and renew your bike insurance policy with a few simple clicks. 
• Cashless Garage Service: Get cashless vehicle repair service at any of our network garages without paying a penny. 
• Best Insurance Add-ons: We provide unique add-ons on our vehicle insurance so that you can get 360-degree protection against damages. 

The Trust of Tata: Tata is known for prioritising and catering to its customer's needs and has been trusted by millions for decades. 

• Return to invoice: With this add-on, you can get the invoice cost of your vehicle as reimbursement in case of total damage or theft. 
• Zero-depreciation add-on: This add-on provides your reimbursement from the insurance company for the depreciation amount deducted from your claim money. 
• Roadside assistance add-on: This is an excellent add-on if you travel often or long distances. With this add-on, you can get immediate roadside assistance at your location in case your vehicle breaks down in transit. 
• Emergency Medical Expenses: You can get reimbursement for medical and ambulance expenses for the damages caused by the accident. 
• Consumable Expenses: This add-on reimburses you for the costs incurred in repairing and replacing bike consumables due to the accident. 

Here are the steps to buy or renew a bike insurance policy in Tamil Nadu.

•  How to Buy Bike Insurance?
• Step 1: Go to the official Tata AIG website. Click on ‘All products’ → ‘Bike Insurance’.
• Step 2: Next, fill in your bike registration details and then click on “Get Price.”
• Step 3: The online bike insurance calculator will then show your insurance policy price. 
• Step 4: Next, you will see IDVs on the screen; you need to select the IDV that best suits your needs. 
• Step 5: Now, you can see your bike insurance policy premium price.
• Step 6: Finally, you need to pay your premium using the provided payment methods. Once the payment is completed, you will receive soft copies of your bike insurance documents at your registered email address. 
•  How to Renew Bike Insurance? 
• Step 1: Go to the bike insurance renewal page.
• Step 2: Fill in your bike registration details and click on “Renew” for insurance renewal.
• Step 3: Next, the online bike insurance calculator will show your bike policy price. 
• Step 4: You will now see IDVs on the screen. Select the IDV according to your requirements. 
• Step 5: Now, your No Claim Bonus (NCB) details will be displayed on the screen.
• Step 6: Next, you will see your bike insurance premium price. 

Step 7: In the final step, you need to make payment of your premium using the given payment methods. Once the payment is completed, you will receive soft copies of your bike insurance renewal documents on your registered email ID. 

•  Reimbursement Bike Insurance Claim 
• Step 1: Contact the Tata AIG insurance executive or visit our Claim Process page within 48 hours of the theft or accident. 
• Step 2: Provide our executive with all the necessary details of the incident, i.e., estimated damage, details of your and other parties' vehicles, and the number of third parties involved. If you are filling out the form online, provide these details in the “Claim Process” form. 
• Step 3: Now, conduct a self-inspection of damages to your vehicle, or the insurance executive will do it for you. After inspection, you can send the vehicle for repair at your preferred garage. 
• Step 4: Once your vehicle is repaired, provide the insurance executive with the original repair invoices, bills, and registration certificate to file a reimbursement claim. 
• Step 5: Your reimbursement claim amount will be released after the document verifications. 
•  Cashless Bike Insurance Claim 
• Step 1: Connect with the Tata AIG insurance executive immediately after the incident (accident/theft).
• Step 2: Within 48 hours of the incident, provide the executive with necessary details, such as insurance details, vehicle information, and incident details. 
• Step 3: Our executive will then survey to estimate the damages sustained to the insured vehicle. 
• Step 4: After the survey is completed, you can send your vehicle to a network garage for repairs. The insurance company will then proceed with the claim settlement procedure and pay for the expenses of the insured vehicle. 

• Duly filled and signed insurance claim forms
• Your valid driving licence
• Bike registration certificate (RC)
• Bike insurance policy documents
• Proof of identity: Aadhar card, PAN Card, voter ID card
• Copy of First Information Report (FIR) in theft cases
• Original invoice and bills (for reimbursement claims)
• Other documents, as requested by the insurer

Tata AIG has a vast network of garages in major cities across India where our policyholders can get cashless damage repair services. You can find your nearest Tata AIG cashless garage by using our garage locator. Just fill in your city and bike details in the locator, and you will get your nearest network garage details. 

Remember that the cashless garage facility is available to comprehensive bike insurance policyholders. Moreover, some services are only available in select cities.

For more information regarding this and our bike insurance policy please do connect with our customer support service.