VMPL
New Delhi [India], May 23: In a country where two-wheelers zoom past traffic jams and navigate the narrowest streets, having reliable two wheeler insurance is not just a necessity--it's a must-have. With road conditions and traffic behavior often unpredictable, even the safest rider can face accidents or damage. This is where Tata AIG's bike insurance comes into the picture, offering not just one but several benefits under a single policy.
Recognised for its customer-first approach and strong claim service, Tata AIG provides third party bike insurance as well as comprehensive two-wheeler insurance policies. These plans are packed with value-added features, ensuring that policyholders get more than just basic protection.
Multiple Types of Coverage in One Policy
Tata AIG offers different plans to suit various riding needs and legal requirements. Their two wheeler insurance policies are available in three formats:
1. Third Party Bike Insurance
This is the legally mandated coverage under the Motor Vehicles Act, 1988. It covers:
* Bodily injury or death to a third party
* Property damage to third parties (up to Rs1 lakh)
This policy does not cover the insured vehicle or rider. It is suitable for people looking for minimum legal compliance. Tata AIG's third party bike insurance is easy to purchase online and comes with a simple claim process.
2. Standalone Own Damage Cover
Ideal for those who already have third-party coverage, this plan protects your two-wheeler from:
* Accidental damage
* Fire and explosions
* Theft and burglary
* Natural disasters like floods, earthquakes, and storms
* Man-made damages such as riots or vandalism
According to Tata AIG policy wordings, Own Damage coverage also includes protection while the vehicle is in transit via road, rail, lift, elevator, or air.
3. Comprehensive Two Wheeler Insurance
This is the most recommended plan, offering extensive protection by combining own damage and third party bike insurance. It also includes Personal Accident Cover for the owner-driver (up to Rs. 15 lakh), along with the option to add various riders.
Key Features and Benefits
Let's explore the features that make Tata AIG's two wheeler insurance plans a standout choice:
1. Insured Declared Value (IDV) Transparency
IDV is the current market value of your vehicle and is crucial in determining your insurance premium and claim payout. Tata AIG calculates IDV based on the manufacturer's listed price minus depreciation as per a standard schedule:
* 5% for bikes up to 6 months old
* 15% for 6 months to 1 year
* Up to 50% for bikes older than 5 years
This ensures clear expectations for compensation in the case of total loss or theft.
2. Depreciation Benefits (Zero Dep Add-on)
With the Depreciation Allowance add-on, Tata AIG reimburses the depreciation amount on replaced parts. For example, while the standard policy applies 50% depreciation on rubber or plastic parts, this add-on ensures you get full value for such components.
3. Personal Accident Cover
As per Tata AIG policy terms, the owner-driver gets up to Rs. 15 lakh compensation in case of accidental death or permanent disability. This benefit is included in every comprehensive policy.
4. Choice of Add-Ons
Policyholders can enhance their coverage with valuable add-ons such as:
* Roadside Assistance
* Engine Protection
* Return to Invoice
* Consumables Cover
Each of these is designed to address real-world concerns that regular policies might not cover.
Real-Life Example:
After a breakdown in a remote area of Rajasthan, Kavita used the Roadside Assistance add-on in her Tata AIG policy to get help within an hour, saving her from a long night stranded on the road.
Simplified Online Experience
With Tata AIG, purchasing or renewing third party bike insurance or comprehensive cover is just a few clicks away. Their website and mobile platforms offer:
* Instant premium calculation
* Paperless policy issuance
* Quick claim registration and tracking
This digital-first approach is perfect for tech-savvy riders who value convenience and time.
Extensive Cashless Garage Network
Tata AIG offers access to a wide network of 3,100+ cashless garages across India. Policyholders can get repairs done without paying upfront, reducing financial stress during emergencies.
Long-Term Policy Options
To save time and money, Tata AIG offers long-term two wheeler insurance policies for up to 3 years. This locks in the premium rate, protects against yearly hikes, and keeps you worry-free for an extended period.
Reliable Claim Support
Tata AIG is known for its high claim settlement ratio and customer-centric service. Claims for third party bike insurance, theft, own damage, or add-on benefits are processed promptly, provided documents and policy terms are met. As per policy wordings, for repairs not exceeding Rs. 150, the insured can approve them directly and later submit bills for reimbursement.
Optional Deductibles and Premium Reduction
Policyholders can opt for a voluntary deductible in addition to the standard one. This lowers the premium but increases the out-of-pocket amount in case of a claim. It's a smart option for confident riders looking to save on upfront costs.
No Claim Bonus (NCB)
Tata AIG offers No Claim Bonus starting at 20% and going up to 50% for five consecutive claim-free years. This benefit is transferable and offers significant savings on premium during policy renewal.
Easy Transfer of Ownership
In case you sell your two-wheeler, Tata AIG makes it easy to transfer the insurance to the new owner. You just need to submit a request with the required documents within 14 days of vehicle transfer. This ensures uninterrupted two wheeler insurance coverage.
Final Words
Whether you're a daily commuter, weekend rider, or someone who enjoys long bike road trips, Tata AIG has a two wheeler insurance policy to fit your lifestyle. With a wide range of features under one policy, it provides far more than just basic legal compliance.
From dependable third party bike insurance to fully-loaded comprehensive covers, the brand offers plans that are affordable, efficient, and customer-friendly. If you're looking for one policy with many benefits, Tata AIG's bike insurance might be your perfect ride companion.
Explore your options, compare add-ons, and choose a policy that gives you true peace of mind on every journey.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
