Key Features of Two Wheeler/Two Wheeler Insurance By Tata AIG
| Key Features |
Benefits of Tata AIG Two wheeler Insurance |
| Savings on Premiums |
Get up to 75% off on your two-wheeler premium payments |
| No Claim Bonus (NCB) |
We offer a No Claim Bonus (NCB) discount starting at 20% on your Two Wheeler insurance premiums if your previous year was claim-free. |
| Easy Claims Process |
With a dedicated team of 650 claim experts, experience a seamless claim process online with us in a few easy steps. |
| Own Damage and Third Party Cover for the Two Wheeler |
Our comprehensive two wheeler policies cover Own Damage cover to your Two Wheeler caused by accidents, natural or man-made disasters.
Tata AIG’s Two Wheeler insurance policies protect you from damages caused to third-party property or injuries to third-party persons. |
| Choice of Unique Add-ons |
Our range of 8 add-ons enhances your two-wheeler insurance policy to offer you a 360-degree protective cover. |
| High Claim Settlement Ratio |
With a 98% claim settlement ratio (FY 2020-2021), Tata AIG offers a high claim settlement ratio for your vehicle insurance claims. |
| Cashless Repair and Reimbursement |
With over 7500+ network garages all over the country, we help you avail of cashless service on your Two Wheeler’s repairs. |
Why Is Tata AIG’s Two Wheeler Insurance Necessary?
There are a range of situations where your Two Wheeler insurance policy can protect your Two Wheeler and you from avoidable expenses. In accordance with the Motor Vehicles Act 1988, it is compulsory for every Two Wheeler owner in India to have at least a third-party Two Wheeler insurance policy. But apart from that, a two-wheeler insurance policy can be beneficial in different situations
Damages caused to the Two wheeler by an accident
Your two wheeler can suffer minor to major damages based on the severity of the accident. A comprehensive four-wheeler insurance policy and a standalone own damage cover will take care of the financial liabilities arising from the repairs necessitated by accident.
Protection from legal fines
It is illegal to ride your Two Wheeler without a valid third-party two-wheeler insurance policy. You could attract hefty legal and traffic fines for not carrying a Two Wheeler insurance policy along. Even within the city limits, it is advisable to always keep your two wheeler insurance policy with you to avoid the hassle of getting into trouble with the law.
Protection against third-party liability
A third-party Two Wheeler insurance policy provides financial protection should your Two Wheeler cause damage to a 3rd party property/vehicle or injury to a third-party person. As per the Motor Vehicle Act 1988, it is mandatory to have a third-party liability cover to ride your Two Wheeler on the road. In case of not holding an active third-party two wheeler insurance policy can attract serious penalties and heavy fines.
Financial coverage against theft
While the theft of or severe damage to your vehicle could be an emotionally disturbing event, the financial implication of the act is even more grievous, considering the cost of a two-wheeler. With a two wheeler insurance policy, the cost of replacing your vehicle or repairing the damage caused by it can be covered without you spending heavily out of your own pocket, thus reducing your mental and financial stress.
Cover against natural and man-made disasters
In the event of a natural disaster in your area, the financial plan of your two-wheeler insurance policy will cover your Two Wheeler against damages caused by floods, lightning, cyclones, storms and other natural phenomena. Similarly, the Two Wheeler insurance plan also protects your two-wheeler against damages caused by man-made acts of violence such as terrorism and vandalism.
Personal accident cover
While riding your Two Wheeler, if an unfortunate road accident leaves you with major or minor injuries, your two wheeler insurance can cover all kinds of personal injuries you may have suffered. While the injury itself can be a cause of mental grief, the financial protection offered by the personal accident cover can considerably mitigate the inconvenience!
Types Of Two Wheeler Insurance By Tata AIG
Tata AIG offers different types of two-wheeler insurance policies that cater to your Two Wheeler’s needs and the type of coverage needed to protect it under various situations:
Comprehensive Two Wheeler Insurance Policy
Our comprehensive Two Wheeler insurance policy has been designed to offer protection against third-party liabilities, coverage for damages or loss caused by theft and natural as well as man-made disasters and a personal accident cover for the owner-driver. However, the policy does not offer damages if the Two Wheeler owner rides the vehicle under the influence of alcohol or is outside the pre-defined geographical area. We recommend a Tata AIG comprehensive two wheeler insurance policy to ensure complete protection for your Two Wheeler.
Standalone Own Damage Two Wheeler Insurance Policy
Our Standalone Own Damage Two Wheeler Insurance Policy is beneficial in cases where an unfortunate accident can leave your Two Wheeler damaged. While the Own Damage cover cannot handle third-party liabilities, your Two Wheeler can receive financial protection against damages to the Two Wheeler caused by natural and man-made disasters and fire. This two wheeler policy also offers reimbursement in case of theft of the Two Wheeler.
Standalone Third-Party Two Wheeler Insurance Policy
Third-party two wheeler insurance is a legal necessity if you want to take your Two Wheeler out on the roads. Our standalone third-party two-wheeler insurance policy will help you if, in the event of an accident, your vehicle ends up causing damage to a third-party vehicle or injuries to a third-party person. However, your Two Wheeler cannot receive the same protection under this policy. Damages to the Two Wheeler and theft of the Two Wheeler are not covered under a third party policy.
What Is Not Covered In Tata AIG’s Two Wheeler Insurance Policy?
There are a few things that we’re unable to help with. Here’s a look at some general exclusions under our car insurance:
- General wear and tear, consequential loss and mechanical/electrical breakdown of the Two Wheeler due to age.
- If the Two Wheeler is used outside the determined geographical borders, i.e., outside the boundaries of India.
- Damage caused due to war, war-like operations, mutiny and nuclear perils.
- Damage caused to the Two Wheeler when used for racing, reliability trials, speed tests, etc.
- Own damage cover for the Two Wheeler in case of a third-party liability-only cover.
- Personal accident cover for the owner-driver in case of a 3rd party liability policy.
- Riding a Two Wheeler without a helmet or valid driving license.
- Driving a Two Wheeler under the influence of intoxicants and narcotics.
- If you use the Two Wheeler under restricted usage conditions, such as driving in a flood-prone area (contributory negligence).
- If a private Two Wheeler is used for commercial purposes.
- Damages caused due to breaking and entering and burglary if the Two Wheeler is not stolen.
Tata AIG’s Two Wheeler Insurance Add-on Covers
Enhance your Tata AIG comprehensive two wheeler insurance by choosing from a list of 8 unique Two Wheeler insurance add-on covers:
Depreciation Allowance
This add-on, popularly known as Zero Depreciation or NIL Depreciation or Bumper-to-Bumper Cover, helps you beat depreciation. If you file a claim for the replacement/repair of your Two Wheeler’s parts and depreciation is deducted from the claim amount, we will reimburse the depreciation with this add-on. However, note that you can avail of this benefit only under the first two claims.
Return-to-Invoice Cover
This add-on helps you get the invoice cost of your vehicle as reimbursement in case of theft or total damage. In case of total damage, constructive total damage or theft of the Two Wheeler, you get the current market value, i.e., the Insured Declared Value (IDV) of the Two Wheeler. With this add-on, we will pay you the purchase cost of the Two Wheeler, which is the on-road price of the Two Wheeler (inclusive of road taxes and registration).
Emergency Medical Expenses
Get reimbursement of emergency medical expenses and ambulance costs for the damages caused in an accident. If an accident leaves you or the pillion rider injured, this add-on will help you avail of reimbursement for the medical expenses incurred in the medical treatment at any hospital or nursing home. It also includes the cost of moving you/pillion rider to the hospital.
Additional Personal Accident Cover for the Owner-Driver
This add-on is an additional Personal Accident Cover to safeguard you and your family in case of serious injuries or fatality caused by an accident. We recognise the additional risk of accidents involved when riding a Two Wheeler. With this add-on, we will pay a predetermined amount to your family in case an accident proves to be fatal. The amount provided under this add-on will be over and above the standard vehicle insurance sum assured.
Additional Third-Party Property Damage Cover
Get additional 3rd party cover reimbursement with this add-on. Third-party liabilities are already included in both comprehensive and third-party two wheeler insurance cover. However, you can buy this add-on if you wish to avail of an additional cover for the 3rd party liabilities.
Consumables Expenses
If an accident damages or leads to the loss of certain Two Wheeler consumables, we will reimburse the costs of replacing/replenishing/repairing them with this add-on. The covered consumables include screw, nuts/bolts, washers, bearings, clip, engine oil, gearbox oil, brake oil, grease, lubricants, distilled water and such other consumables, excluding fuel.
Roadside Assistance
There is nothing worse than an amazing Two Wheeler ride marred by the breakdown of the vehicle in the middle of the road. Don’t worry; roadside assistance is on the way! With this add-on, we will send immediate breakdown assistance to your location to take care of a variety of issues such as flat tyre, dead battery, fuel requirement, mechanical/electrical repairs, etc. We also offer on-the-spot repairs under certain circumstances so that you are up and zooming through your journey in no time!
How To Reduce Tata AIG’s Two Wheeler Insurance Premium?
What if we told you there is a way to reduce your Two Wheeler insurance premium without affecting the policy coverage? You heard that right! Here are a few proven ways to save on your two-wheeler insurance premium:
Keep the No Claim Bonus Intact by Avoiding Small Claims
The No Claim Bonus (NCB) is a percentage discount you get on the renewal premium if you do not file a claim during a policy term. If the value of the claim is lower than the total NCB discount, then avoid filing the small claim and avail discounts up to 50% on your renewal premium for five consecutive claim-free years
Do not Forget to Claim Your Accumulated NCB
As mentioned above, NCB is a discount on the renewal premium. So make sure that you apply the applicable discount when you are renewing the two wheeler insurance policy.
Choose a Higher Voluntary Deductible
The deductible is the proportion of the claim that you will bear out of your own pockets. If you select a higher voluntary deductible, the insurance company’s liability to pay goes down, and you get a lower Two Wheeler insurance premium.
Install Authorised Safety Devices
Installation of safety devices authorised by the Automotive Research Association of India (ARAI), from a basic handle lock to CCTV cameras in the parking garage, will reduce the chances of theft of the vehicle. This, in turn, reduces the risk component associated and brings down the two wheeler premium cost.
Become a Member of Authorised Riding/Automobile Groups in India
The IRDAI has identified a few riding groups, such as the Indian Automobile Association, wherein you can get a membership and avail of a lower two wheeler insurance premium.
Be Aware of Your Two Wheeler’s Age and Engine Cubic Capacity
The Two Wheeler insurance premium is directly affected by the age of the Two Wheeler and its cubic capacity. The older the Two Wheeler, the lower the premium. Similarly, the higher the cubic capacity, the higher the premium. So make sure you mention the correct age and engine cc to avail of lower premiums.
Calculate the Two-Wheeler Premium Before Buying
A two-wheeler premium calculator will help you determine the exact premium you need to pay for your policy. You can make tweaks to the policy, such as changing the add-ons, etc. and buy a policy within your budget.
Avoid too many Modifications and Embellishments to Your Two Wheeler
Extreme modifications to the Two Wheeler increase its Insured Declared Value (IDV) or the market price, which, in turn, shoots up the premium.
How To File A Two Wheeler Insurance Claim?
Tata AIG offers a quick and easy claims process to ensure that your claim is filed and processed hassle-free. To file your Two Wheeler insurance claim with us, follow the given steps:
| Step 1 |
Register the Claim ** |
To register your claim online, you can proceed by
- Log in to Tata AIG website https://www.tataaig.com/claims-process ' Motor Claim'. Once you are redirected to the online claim form, you will need to furnish the following information
- Call Tata AIG at 1800-266-7780
- Email Tata AIG at : customersupport@tataaig.com
|
| Step 2 |
Get the Claim Intimation Number |
After your claim is registered with Tata AIG, they will provide you with a Claim Registration Number. State this number in all your communication concerning the claim status and settlement. |
| Step 3 |
Inspection of the damages sustained |
After you have filed a claim and submitted all the required documents, an inspector or surveyor will visit you/garage to assess the damages caused by the incident. Our experts will peruse your Two Wheeler insurance claim form when the assessment is complete and determine the quantum of damage sustained by your vehicle.
Based on the surveyor's report, they will schedule your vehicle for a visit to either one of our 7500+ network garages or a non-network garage of your choice.
If you choose a network garage, you can make a cashless claim and get your repairs done without the need to pay anything out of your pocket.
If you cannot reach one of our network garages, you can take your vehicle to your trusted garage and pay for the repairs on your own. The cost of repairs borne by you at a non-network garage will be reimbursed against your Two Wheeler insurance cover. |
| Step 4 |
Get your Two Wheeler repaired |
Depending on your location and preference, you can get your Two Wheeler repaired at a cashless network garage or a non-network garage. |
| Step 5 |
Claim Settlement |
Once repair work to your vehicle has been completed, Tata AIG will move to settle the claim after a thorough inspection of your policy documents, add-on covers, additional discounts and claims history. Once all your Two Wheeler insurance claim related documents have been verified, we extend our settlement offer for the cost of repairs.
For claims made at non-network garages, owners will be offered a settlement for reimbursements.
If you wish to track the status of your claim after filing it, you can do so by visiting Tata AIG’s website and checking on the status by providing you Claim Reference number in the Claims Section. |
** Documents to be furnished while registering a claims:
- Your two wheeler insurance policy number
- A few personal details, including your name, number and address
- License details, or the license details of the driver
- A few details regarding the incident
- A copy of the FIR if there was an accident
- In the two wheeler insurance claim form, you will also need to specify if a third-party was harmed or if third-party property was damaged.
