TATA AIG Two Wheeler Insurance Add on Covers

With more and more vehicles coming out on the roads and the average speed of the bikes increasing every day, the frequency and severity of random road accidents are on the rise. The repair and restoration of these bikes are also becoming more and more expensive.

These developments have made bike insurance much more than just a legal compulsion. The Motor Vehicles Act has made 3rd party two-wheeler insurance mandatory, but that hardly suffices. The TATA AIG bike insurance policy features give you unprecedented coverage protection that has added new dimensions to the bike owner’s peace of mind.

TATA AIG offers eight two-wheeler insurance add-on covers that add layers to your bike’s protection and give you more value for your money. These add-ons can be combined with the TATA AIG standalone own damage/comprehensive bike insurance policy.

Naturally, there is some addition to the insurance premium you pay, but the coverage these add-ons give you is worth much more. So read carefully to understand each and select the ones that serve you well. You can buy the TATA AIG two wheeler insurance add-ons online.

TATA AIG - 8 Important Add-on Covers for Your Bike Insurance Policy

Following are the TATA AIG bike insurance add-on covers that you can consider adding to your comprehensive or standalone TATA AIG policy:

Zero Depreciation Add-on

The TATA AIG zero depreciation add-on gives you the delightful advantage of nullifying the ‘loss with time’ in your bike’s IDV. Though your bike will depreciate with age, from the perspective of TATA AIG, your bike is not getting even a day older. Therefore, without the zero dep, the claim amount you get (in case of complete loss) will be calculated upon your bike’s original market value with depreciation.

Return to Invoice Add-on

The TATA AIG return-to-invoice add-on goes one step further and assures you the amount in the invoice for purchasing your bike. However, this is applicable only when the bike is either stolen or damaged beyond repair, i.e., there’s a total loss. In addition, your investments in the road tax & registration are also covered. The difference between zero dep & return-to-invoice add-on is that while the former covers deductions due to depreciation, the latter overlooks other factors that may cause a decrease in your bike’s value.

Medical Expenses Add-on

In the case of injuries due to an accident, the TATA AIG medical expenses add-on assures you reimbursement of whatever expenses you have to bear due to it, including medical & transportation. If you had a pillion, his/her medical expenses are also covered. With the rise in medical costs, this add-on can prove to be very useful after an accident.

Owner-driver Personal Accident Cover Add-on (Additional)

This cover is very beneficial for the financial security of your family in case the accident proves fatal to you, the owner-driver. Through this add-on, TATA AIG offers to pay a fixed sum to your nominee/s in case of your demise in a road accident. Also, this will be added to the policy sum assured. The latter will be paid separately as a ‘death benefit’.

Third-party Property Damage Cover (Additional)

The TATA AIG additional third-Party cover add-on simply increases the assured sum that is paid if there are any legal or financial 3rd Party liabilities. As a result, the overall sum covering your third-party liabilities becomes more, giving you enhanced security.

Expenses on Consumables Add-on

In an accident, major losses may occur to various consumables. Consumables include those components of your bike that get ‘consumed’ as you ride your bike more & more. These include brake oil, gear oil, grease, screws & nuts, etc. So, with this add-on, you don’t need to worry about payment when these consumables are replenished (or replaced). Though it does not cover the losses in fuel, it can save quite some money for you.

Roadside Assistance Add-on

More often than not, you may meet with an accident in remote or desolate areas. With the TATA AIG roadside assistance add-on, you will be sent help quickly if you get stranded at the accident site. All you need to do is call them on their toll-free number 1800-266-7780 and share your location. They will send a team who will take care of your needs during difficulty. They will assist you as needed, whether you need help in towing, fuel replenishment, repair of battery, & so on.

Engine Protect Add-on

If your bike engine gets damaged in an accident, if you have the TATA AIG engine protect add-on, the expenses on repair/replacement of the damaged parts of an engine are covered. Also, if you are riding your bike in flood-prone areas, you must have this add-on because there may be major damage to the bike engine on this terrain.