Edelweiss General Insurance ("Edelweiss") belongs entirely to Edelweiss Financial Services Limited. Edelweiss is a general insurance company that offers a wide range of insurance solutions such as auto insurance, fire insurance, home insurance, marine insurance, health insurance, engineering insurance, and other services.
In India, Edelweiss General Insurance offers three types of two-wheeler insurance. Third-party liability two-wheeler insurance, standalone own-damage motorcycle two-wheeler insurance, and comprehensive bike insurance are the three options offered by Edelweiss.
According to the Motor Vehicles Act, 1988, it has been made mandatory for bike owners to have at least a third-party bike insurance. If you fail to comply with this legal requirement, a penalty of INR 2,000 or imprisonment of up to three months or both.
Types of Insurance Plans Offered by Edelweiss
Third-party Two-wheeler Insurance
A third-party insurance plan only protects against damages to the third party or the property of the concerned individual. However, it is mandatory to have Edelweiss third-party insurance for your two-wheeler in India.
This insurance plan excludes
- Injury to the policy owner.
- Loss to his/her two-wheeler.
- Depreciation of your bike.
Third-party Bike Insurance and Own Damage (Edelweiss Bike Package Insurance)
This is also known as 'comprehensive cover'. A policy with comprehensive coverage protects the policyholder against third-party liabilities. It also compensates for losses to the policyholder's two-wheeler.
Further, it protects the insured against losses due to theft, artificial disasters, etc. A comprehensive bike insurance policy includes several optional features that policyholders can choose based on their budget and needs.
Edelweiss comprehensive bike insurance cover can also be enhanced with extra protection using the following add-ons:
- Extension of the geographical limit.
- Pillion rider personal accident cover.
This insurance plan excludes:
- Depreciation of your bike.
- Regular wear and tear.
Edelweiss two-wheeler insurance also offers protection against the losses due to the following damages:
- Third-party damage
- Natural calamities
In addition, you can purchase a personal accident cover up to INR 15 Lakhs with this plan.
Standalone Own Damage Two-wheeler Insurance Plan
As the name suggests, the standalone own damage bike insurance plan covers only the damage caused to you and your two-wheeler due to an accident, man-made and natural calamities, vehicle theft, etc.
Benefits of Edelweiss Bike Insurance
Edelweiss Insurance is known for its wide network of cashless garages, paying claims quickly, and providing excellent customer services. Furthermore, its insurance plans are cost-effective, including the credit of no claim bonus in bike insurance for years with no claims.
Let's have a look at the advantages of purchasing Edelweiss bike insurance policies:
The bike insurance company offers hassle-free customer service 24 hours a day, seven days a week, and guarantees that every communication is simple, quick, and painless for its customers. In case of any queries, you can contact its customer care department and request a callback.
You may purchase a two-wheeler insurance plan from Edelweiss General Insurance Company's website by following a simple method. Just visit the company's website, submit your information, pick a plan, and pay the fee.
Renewal of your bike insurance is as easy as buying it. Just visit the insurer's website and make the necessary changes, if you wish to purchase additional Edelweiss bike insurance add-ons, and make the payment. Your Edelweiss bike insurance policy will be renewed in a few minutes.
Easy and Fast Claim Settlement Process
Edelweiss has a very easy and fast claim settlement procedure for two-wheeler insurance plans. You need to inform the insurer after the damage and email the essential documents to it. After obtaining the Edelweiss bike insurance claim form and all other applicable papers, Edelweiss usually takes around seven business days to settle a claim.
Large Network of Cashless Garages
Edelweiss has a large network of over 15,000 garages around the country. For easy cashless settlement, you can visit these two wheeler insurance garages and have your bike repaired in a few minutes.
The Bottom Line
Owning bike insurance does not only protect us from the legal penalty but also provides financial support in case of any mishaps. However, buying an insurance plan offline may be cumbersome due to the hefty paperwork. Hence, it is recommended to buy bike insurance online as that relieves you from tiring physical paperwork. Just save the documents online and send the same to Edelweiss for evaluation.
Edelweiss bike insurance is available online, with simple billing and renewal options. The insurance firm follows a well-defined bike insurance claim handling procedure, yet settles your claim swiftly.