Future Generali Bike Insurance FAQs

The customers can get 3 types of two-wheeler insurance policies in Future Generali, Comprehensive Insurance policy, Standalone Own Damage Insurance policy and Third Party Insurance policy. Comprehensive insurance policy and Standalone are optional plans whereas a third party policy is compulsory by law for all the two-wheeler owners.

There are several add-on covers that a policyholder can get with their Future Generali India two-wheeler Comprehensive Insurance policy. It includes Zero depreciation cover, Road-side assistance cover, Loss of key cover, Daily cash allowance cover, Engine protection cover etc. the policyholders can get these by paying an additional premium.

There are several reasons for getting your two-wheeler insurance policy from Future Generali India Insurance such as:

• Offers quality service to its customers.
• 24 hours of customer assistance service.
• Automated renewal reminder.
• Claim settlement in 7 working days.
• 24x7 Roadside assistance facility.
• Ample amount of add-on covers.

Future Generali offers various types of discounts for its customers such as:

• No Claim Bonus (NCB) benefit
• Automobile association membership discount
• Anti-theft device discount.

Yes, it is possible to transfer your previous two-wheeler insurance policy with Future Generali. You can also transfer your No Claim Bonus with it by getting a retention certificate from your previous insurer.

In the case of the death of the third party, the insurer provides legal and financial support to the policyholder. The compensation amount is decided by a court of law.

No, you can’t stretch the coverage of the Future Generali third party bike insurance policy as it doesn’t provide the options of the add-ons. It gives the basic coverage. However, for the extensive coverage, you can opt for the comprehensive bike insurance policy.

The Future Generali third party bike insurance policy will not provide any coverage for the insured’s bike, as it only covers third party liabilities.

No, the Future Generali third party bike insurance policy does not provide coverage for any accident or mishap outside the pre-decided geographical area.

There are two basic methods to pay for the Future Generali third party bike insurance policy:

• By paying in cash at the nearest branch
• By paying online using a debit card, credit card or via net-banking.

The factors that influence the premium amount of the Future Generali comprehensive bike insurance policy are as follows:

• Insured Declared Value or IDV which is the current market value of the vehicle
• Cubic capacity of the vehicle
• Place of registration
• Type of model
• Age of the vehicle
• Type of cover (comprehensive cover in this case)
• Add-on covers chosen by the policyholder
• Zone of registration
• Age of vehicle.

The following add-ons are available along with Future Generali comprehensive bike insurance policy that can be opted with a slight increase in premium:

• Zero Depreciation
• Return to Invoice
• NCB Protection
• Loss of keys cover
• Loss of personal belongings cover
• Tyre coverage
• Inconvenience Allowance
• Engine Protection.

The following information is required for the purchase of Future Generali comprehensive bike insurance plan:

• Registration number
• Engine number
• Chassis number
• Previous policy number if any
• Vehicle manufacturing date
• Date and city of purchase
• Registration Certificate of the bike
• Personal Details of the owner such as contact number, email id etc.

You can purchase the Future Generali comprehensive bike plan by the following means.

• Through its official website: You can make a purchase through the “Buy “ option available on its official website.
• Visiting the branch: You can visit its nearest branch to buy the policy directly from the company executive.
• Calling its helpline number: You can receive the guidance from the executive by dialling 1860 500 3333 or 1800 220 233 to make the purchase.

You can get the quotes for Future Generali through its official website. You can also opt to get the quote through Insurance Dekho just by entering the bike registration number on its “Get a Quote” feature.

Yes, Future Generali Zero Depreciation cover provides coverage for plastic parts of the insured’s bike. Thus, when you opt for it, the insurance company does not take into consideration the 50% depreciation rate applicable on it.

Adding Zero Depreciation cover ensures maximum claim by eliminating the depreciation factor. However, you do not receive the full claim amount as the deductibles will be factorized at the time of claim settlement.

The Future Generali Zero Depreciation cover provides the following advantages to its policyholders:

• Policyholders save significant cost on the repairs and maintenance of the depreciated parts of the insured’s bike.
• Ensures full IDV amount as the claim amount.
• Provides free of cost replacement of depreciated bike parts.

No, you cannot avail Zero Depreciation cover in case of theft of the insured’s bike.

Zero Depreciation cover can be added to your policy in the following ways:

• By visiting its official website
• By dialling its helpline number 1860 500 3333 or 1800 220 233
• By visiting the nearest branch

You can add this cover to your comprehensive bike insurance policy at the time of purchase, renewal or in the middle of the tenure.

Cashless garages or network garages refer to those garages that have a mutual understanding with the insurer for the repair of a vehicle insured under their policy. These garages provide free repair and replacement services for the damages to the insured’s bike.

In case of a major accident, the surveyor conducts a spot survey within 24 hours of the accident.

You can find the nearest network garage from the “GARAGE LOCATOR” on the official website. You have to select the state, city, two-wheeler, and area in the “GARAGE LOCATOR” to find the nearest garage.

Yes, Future Generali provides towing service from the accident stop to the nearest network garage.

The insurer provides the calculated Insured Declared Value (IDV) of the bike deducting the depreciation and deductible in case of theft of the insured’s bike.

Yes, you can easily update your contact details at the time of renewal. Click on the “Nominee & Contact details” and make the required changes.

The premium quote of the renewed Future Generali bike insurance policy depends on the following factors:

• Age and condition of the bike during the renewal
• Availability of No-Claim Bonus
• Number of add-on covers taken along with the insurance plan
• Tenure desired by the policyholder.

Yes, you can renew the bike insurance policy even if all your policy documents are lost. You just have to provide the current policy number during the renewal.

If you opt for the offline renewal process, the policy documents will be sent to your address given in the policy details via courier within a few days.

With the bike insurance premium calculator, you can easily get the premium amount and IDV offered by different insurance companies. It will help you select a better bike insurance plan.

You can find the best premium calculator to compute the premium and Insured Declared Value (IDV) for your insurance policy at the website of InsuranceDekho, i.e., www.insurancedekho.com.

Yes, you can avail premium calculator to calculate the premium amount for your old bike as well as your new bike.

Factors that affect the insurance premium of a bike insurance cover are Insured Declared Value (IDV), Engine’s Cubic Capacity, No Claim Bonus (NCB), Anti-Theft Devices, Age of the Owner, Add-on Cover Options and so on

You will have to enter details like make, model and variant of your bike, fuel type of your bike, RTO location of your bike, engine capacity of your bike, registration year of your bike, etc., to get the premium amounts offered by different insurers through the premium calculator.

No, it is not a compulsion to include an add-on cover in your bike insurance cover. The add-on covers are designed to expand policy coverage for the convenience of policyholders. Hence, it is completely up to them to purchase it or not.

The Future Generali Insurance Company offers a range of bike insurance add-on covers that comprise zero depreciation cover, theft or loss of keys, engine protect cover, inconvenience allowance, right to invoice cover, tyre damage, NCB protection, and loss of personal belongings.

You can pick as many bike insurance add-on covers as you wish to add to your policy at a time. There is no limitation to it and you can select plans as per your requirements and budget.

You can purchase add-on covers either during the bike insurance policy purchase process or while renewing the policy.

Yes, every policyholder has to pay a little extra premium amount to add an add-on cover to his or her bike insurance plan in addition to the premium of a standard bike insurance policy. Since it can increase the amount of premium, therefore, you should include add-ons in your policy that you actually require and can afford.