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Benefits of Having a TATA AIG Long-term Bike Insurance Policy

By Juhi Walia
20 July 2022, 5:11 PM

A reputable company in the insurance sector, TATA AIG comprehensive two-wheeler insurance guarantees your vehicle is covered against all possible risks while on the road. The company also offers affordable two-wheeler insurance with a transparent payoff, extra add-on coverage, and a countrywide automated garage structure.

The Motor Vehicles Act, 1988, mandates that you have third-party bike insurance. Securing your bike will protect it and you from the monetary risks that come with owning a two-wheeler. 

Based on the insurance policy you select, your bike insurance can help cover the expenses of bike repairs and claims by a third party related to physical injuries, disabilities, or property damage, resulting from an accident caused by your two-wheeler.

Let's look at some of the benefits of opting for a long-term two-wheeler insurance policy from TATA AIG. 

Advantages of Obtaining a TATA AIG Long-term Bike Insurance Policy

A plan with a policy period of more than a year is known as long-term insurance. The tenure varies according to the company. A TATA AIG bike insurance policy usually lasts between three and five years. So when you get long-term bike insurance coverage, you won't have to renew it yearly, and you pay off the premium in one shot for a multi-year policy. 

Please note that all new bike owners are required to purchase a five-year long-term third-party bike insurance plan. The advantages of buying a long-term bike insurance coverage from TATA AIG General Insurance are as follows: 

Premiums for Long-term Bike Insurance

The IRDAI  or Insurance Regulatory and Development Authority of India raises the price of third-party premiums each year. You will save money on your bike insurance premium if you get long-term coverage because you only have to cover one installment. 

Consequently, you won't have to pay the increased premium cost yearly when you renew your policy. In addition, at the time of purchase, TATA AIG General Insurance can offer you discounts on your comprehensive or standalone bike insurance premium, thereby boosting your savings. 

Renewal with No Hassles

Because it offers coverage for a longer period of time, long-term bike insurance avoids the need to extend the plan every year. Obtaining and renewing documentation annually takes a substantial amount of time and work. Long-term bike insurance beats short-term insurance plans in this regard.

TATA AIG allows you to renew your long-term bike insurance policy online from the convenience of your home, with minimum paperwork and a quick turnaround.

TATA AIG Long-term Bike Insurance No-claim Bonus

The no-claim bonus in bike insurance element of long-term bike insurance plans is another thing that grabs attention. It provides the NCB in increments, beginning at 20%. All that comes to you on not filing a TATA AIG bike insurance claim during the policy period.

Pre-determined Depreciation Slabs

Depreciation slabs are pre-declared in TATA AIG two-wheeler insurance plans. They apply for determining the insured declared value (IDV) in bike insurance or estimating the claim amount for replacements of the vehicle or its damaged sections.

Cancellation of TATA AIG Long-term Bike Insurance Policy

Based on the terms and conditions of your TATA AIG long-term bike insurance plan, you may be eligible for a full or partial return if you discontinue your long-term insurance policy.

Add-on Benefits

TATA AIG offers various add-on benefits to its policies to broaden the vehicle insurance coverage. In addition, TATA AIG bike insurance add on can offer lucrative add-on benefits, including personal accident coverage, emergency medical expenses, depreciation allowances, and more.

The Bottom Line

There are no hidden clauses under Tata AIG plans that you can't see when the policy is provided. All terms and criteria are stated in the policy document's readable fine print. Moreover, TATA AIG General Insurance offers other reductions and discounts if you are a member of any recognized Automobile Association of India.

Long-term bike insurance is recommended for new bikes that will be kept for over three years. Make sure you thoroughly examine your requirements and ride safely before purchasing a bike insurance policy. 


1. How much money can you claim for theft through long-term TATA AIG bike insurance policies?

You may claim the total IDV if your two-wheeler is stolen. However, always remember that the IDV is estimated based on the age of your two-wheeler, engine capacity, and geographic area. Therefore, the premium would be more if the IDV is higher.

2. Is the TATA AIG long-term third-party liability insurance sufficient for a bike?

The Motor Vehicles Act states that no two-wheeler may be ridden without third-party insurance coverage. But since it does not cover your own damage caused due to an accident, natural or man-made disasters, consider buying a standalone cover of TATA AIG if you already have a third-party cover. In case you haven't bought any cover, choose TATA AIG comprehensive bike insurance.

3. If a policyholder's Tata AIG  long-term two-wheeler insurance policy has lapsed, would he/she be eligible for NCB?

A lapsed policy makes you ineligible for NCB. Make sure to renew your policy on or before the expiration date. In case you can't do so, renew it within 90 days of the policy expiration date.

4. Is it possible to get TATA AIG long-term bike insurance online?

Purchasing long-term two-wheeler insurance on the website of TATA AIG is safe. Just visit the website and enter a few details to get the premium quote. If the quote seems good to you, buy the cover by paying the premium online. But before buying the TATA AIG long-term bike insurance policy online, it is a good idea to understand all the available benefits.

5. What are additional coverage options offered by Tata AIG long-term two-wheeler insurance?

With Tata AIG long-term two-wheeler insurance, you may choose from various add-ons, including a return to invoice, the expense of supplies, depreciation allowances, loss of accessories, and many others.


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