Riding a two-wheeler brings specific risks. Even a minor accident can cause damage to your vehicle and injury to yourself. The probability of getting injured while riding a two-wheeler is the highest of all vehicles, particularly leg injuries.
In India, the Motor Vehicles Act, 1988, states that all vehicles, including two-wheelers, should be insured. Having your two-wheeler insured by TATA AIG will ensure you meet the legal requirement of using a vehicle on Indian roads.
But do not buy two wheeler insurance solely to fulfill legal requirements. An insurance policy by TATA AIG for your bike offers features that can benefit you in multiple ways.
Why Does Having TATA AIG Bike Insurance Makes Sense?
In addition to meeting legal requirements, you also get several benefits from an insurance policy for your bike. Let’s take a look at how TATA AIG bike insurance policy can benefit you:
Bike Insurance is Compulsory
If you have a two-wheeler, you need at least third-party bike insurance. Buy TATA AIG third party bike insurance online to meet this mandatory requirement.
An Accident Could be Round the Corner
Accidents don’t come with a warning. However careful you are, accidents will happen. If you have a bike insurance policy by TATA AIG, any damage to you, your pillion, or your bike will be taken care of.
The clauses in most TATA AIG bike insurance plans cover damage due to natural calamities like floods, earthquakes, or fires. For example, who will pay for the repairs if a tree falls on your bike? TATA AIG helps you here.
Nowadays, vehicle theft is on the rise. You never know when you can become an unfortunate victim of a stolen vehicle. Keep your TATA AIG two-wheeler insurance up-to-date to get compensated in the unfortunate event of your bike being stolen.
The Added Advantage of Third-party Insurance
Even if someone else is riding your bike and gets injured or your bike suffers damage, a third-party TATA AIG bike insurance policy will have you covered.
Cheapest Insurance Policies
TATA AIG two-wheeler insurance is among the cheapest insurance that you can find, which amounts to just a few rupees a month. You can even compare bike insurance with different insurance providers to see how better the TATA AIG bike insurance deal is.
With TATA AIG, you get a no-claim bonus (NCB) discount in the next year’s bike insurance renewal if you have not claimed during the previous year. It starts at 20% and then increases as you continue to avoid a claim.
Own Damage Cover for the Bike
TATA AIG comprehensive bike insurance covers own damage, third-party damage, accidents, and natural calamities.
An Impressive Selection of Add-ons
If you buy two-wheeler vehicle insurance from TATA AIG, you get a wide range of add-ons. You can add these to your policy by paying an extra premium amount. TATA AIG offers eight bike insurance add-ons. You can choose all eight or the ones that suit your needs.
Cashless Repair and Reimbursement
TATA AIG has more than 5,400 network garages across India. Visit any of these garages with your two-wheeler to enjoy cashless transactions attached to your two-wheeler insurance policy.
Save Money on Premiums
To be more customer-centric in its transactions, you get up to a 75% discount when you buy bike insurance online from TATA AIG.
Easy Claims Process
Money somewhat loses its value when it’s unavailable when you need it. At TATA AIG, 650 claim experts work hard to ensure that if you need to bike insurance claim, your payments go through seamlessly through a quick and easy claim procedure.
Cover for Third-party Damage
In line with some of the best bike insurance companies, TATA AIG also provides adequate third-party cover so that any damage to the property or injuries of someone other than you are taken care of.
High Claim Settlement Ratio
Insurance can only be of use to you if your claims are successful. An insurance company's claim settlement ratio (CSR) is a percentage representing the ratio of the number of claims raised against the number of settlements. The company has a CSR of 98% in the financial year 2020-21 for TATA AIG, as per the information available on its website. Claim settlement data sourcing date - 28/09/2022.
Quick Buying/Renewing Process
We look for quick and easy transactions in the humdrum of our busy lives. Whether you deal online or offline or renew two-wheeler insurance with TATA AIG, you can complete your transactions in a few quick and easy steps.
Before buying a two-wheeler, you probably do a lot of market research to get the most suitable set of wheels. You would look for multiple benefits while feeling that your hard-earned money is well spent.
Just as you would be cautious in buying a bike, you need to be careful about choosing the right bike insurance for your new vehicle. We have outlined the benefits of having an insurance policy for your bike. We also pointed out how TATA AIG offers these benefits and a few more.
Getting motor insurance from TATA AIG will ensure that all your requirements are met.
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