The Government of India mandates a bare minimum ‘3rd Party’ insurance policy for any registered vehicle in India. A wide number of factors come into play when choosing the best insurance policy for your bike, but customer satisfaction, quick deployment and ease of availing the policy takes most prominence. The 3rd party insurance is ‘almost’ similar for all major insurers but additional benefits vary.
We check out some of the best bike insurers in India based on their policies, customer rating, and service quality. This article is written mostly based on word of mouth as a credible (unbiased) insurer rating (check Top car Insurers in the USA) is still not available.
ICICI Lombard is one of the largest insurance providers in India, catering more than 11 million policies. This sheer number is enough to tell you that they are well received by the people.
Some of its features include cashless claim servicing at over 1900 garages, instant policy copy online, one-time premium and 24/7 support. They also offer flexible plans and provide door step assessor facility, if there is ever a break in policy.
Apart from being one of the best bike insurance companies in India, Bajaj Allianz is famed for their great customer relations and innovative claims.
Some of their features include 24 hr support, easy online renewal, quick claim settlement and regular updates via SMS.
HDFC ERGO Long Term Two Wheeler Insurance
HDFC Ergo is a very popular 2-wheeler insurance plan that delivers comprehensive insurance cover at a very affordable price. The plan has iAAA rating and has ISO certification.
Apart from the good customer service quality and fast claim process, what really makes them stand out is their instant online policy insurance feature and customisable policy plans.
Barati AXA insurance is a joint venture between Barati enterprises and AXA, which started operations in 2008. It is famed for receiving both ISO 9001:2008 and ISO 27001: 2005 certifications in its first year of operation and offers fast claim processing, good customer relations and good quality.
Some of its features include 24 hrs customer supports, online plan renewal, 2000+ preferred workshops for hassle-free service and a large network of cashless claims.
SBI General Insurance Company Limited
SBI general insurance in a much sought after insurance policy and is available across 56 cities in India.
They offer features like customisable insurance plans and specific discounts.
United India Insurance
United Insurance Company is one of the oldest in India and is known for their vast presence. They offer comprehensive two-wheeler insurance plan and is thus much sought after, especially in the rural regions.