Magma HDI Comprehensive Bike Insurance Policy
- No Inspection Needed
- Immediate Policy Issurance
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Magma HDI Comprehensive Two-Wheeler Insurance Policy
Magma HDI General Insurance has successfully provided a wide coverage against the uncertainties of life through its comprehensive bike insurance policy. The Magma comprehensive bike insurance policy shields its policyholders from the financial liabilities to the third party as well as the financial loss due to own damage suffered by the insured’s bike. It provides financial security and peace of mind to the policyholders.
Magma HDI Comprehensive Bike Insurance vs Third Party Bike Insurance
Comprehensive Bike Insurance
Third Party Bike Insurance
Comprehensive bike insurance policy provides coverage for the third party liabilities as well as own damage to the insured’s bike.
Third party bike insurance policy provides financial support only for the third party damage incurred due to the insured’s bike.
Comprehensive bike insurance offers a wide range of add-on options to extend the coverage.
Third party insurance does not offer any add-on cover.
The comprehensive policy is relatively higher due to its extensive coverage.
The third party policy is cost-effective as it provides limited coverage to the policyholders.
What All Is Covered Under Magma HDI Comprehensive Bike Insurance Plan?
Magma HDI comprehensive bike insurance policy provides coverage for the following aspects:
- Third party liabilities: The Magma HDI comprehensive bike insurance policy provides financial assistance to the policyholders for any third party damage, loss or injury caused by the insured’s bike. Any bodily injuries, death, permanent disability and property damage of the third party gets covered by the insurer.
- Own damage caused by natural calamities: The damage caused to the insured’s bike due to any natural calamities such as flood, earthquake, landslide etc. is covered by the insurer.
- Own damage caused by man-made disasters: Any damage to the insured’s bike due to riot, strike, fire, terrorist activities or any such man-made disasters gets covered by the insurer.
- Theft: The theft or burglary of the insured’s bike is covered under the Magma HDI comprehensive bike insurance and all the expenses are reimbursed.
What All Is Not Covered Under Magma HDI Comprehensive Bike Insurance Plan?
Magma HDI comprehensive bike insurance policy does not provide coverage for the following:
- Normal wear and tear
- In the case of willful negligence
- Lack of a valid licence while driving
- Damage caused due to contractual liability
- In case of mechanical or electrical breakdown
- For driving under the influence of alcohol or intoxicating drugs
- Damage occurred during the war, nuclear risk, mutiny rebellion or any such situation.
Benefits of Magma HDI Comprehensive Bike Insurance Policy
Magma HDI comprehensive bike policy provides multiple benefits which are discussed below:
- Swift and easy claim settlement process.
- It offers an easy and online policy issuance.
- A variety of add-ons ensures extensive coverage.
- The policyholder is relieved from the third party liability and own damage expense.
- A wide network of cashless garages spread all over India provides free repair and replacement service.
Explore Magma Bike Insurance
Must Read Articles before buying Magma Bike Insurance
- Read this article to know about the reasons to opt for Magma HDI two-wheeler insurance.
- Read this article to understand the different types of bike insurance policies offered at Magma HDI General Insurance and easy ways to claim your bike
- The followings are a few misconceptions about two-wheeler insurance, let’s have a look at them.
- Want to know the re-registration of a vehicle process in India? What are the documents required for re-registering a two-wheeler? Learn more.
- You must be wondering about what to do if you have lost your two-wheeler insurance documents? Here is a complete guide for you.
Magma HDI Bike Insurance User Reviews
- Most Helpful
- Zero Depreciation
- Third Party
- Own Damage
- Cashless Garages
- Policy Download
- Customer Care
- Add On
- Good service
Easy and lot of insurance options to choose as per our requirement Happy and satisfied Good experience and I a...
- Easy insurance solutions
Overall good experience. The process was easy to fill with no documents and no paper required. Payment gateway...
- Great Service
Great Service. Thanks to the executive of the InsuranceDekho portal for helping me buy an insurance policy exa...
Magma HDI Comprehensive Bike Insurance FAQs
What are the discounts offered on the premium by Magma HDI comprehensive bike insurance policy?
Magma HDI comprehensive bike insurance policy offers the following discounts on the premium amount:
- Voluntary deductible
- Discount for anti-theft device
- No Claim Bonus can be availed if you do not make a claim during the policy period
- Automobile Association discount.
Can I get a duplicate copy of my Magma HDI comprehensive bike insurance policy if I have lost the policy documents?
A duplicate of the Magma HDI comprehensive bike insurance policy can be received by making a payment of Rs.50. You can call the toll free number 1800-266-3202 or visit any of the branch offices to get assistance about the same.
When can I opt for the add-on covers along with the Magma HDI comprehensive bike insurance policy?
You can choose the add-on covers as per your preference and add it to your Magma HDI comprehensive bike insurance policy at the time of purchase, in the middle of the tenure and at the time of renewal of the policy.
Does Magma HDI comprehensive bike insurance provide coverage for the bike in transit?
The Magma HDI comprehensive bike insurance provides coverage for damage which occurs while the bike is in transit. This includes transit by air, road, waterway, elevator, etc.
How can I get the quotes for Magma HDI comprehensive bike insurance policy?
You can get the quotes for Magma HDI bike insurance policy by using the “View Quotes” option on 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.
Why to buy from InsuranceDekho?
- Instant policy# within 5 mins
- More than 50 lakhs happy customers
- Claim Support available all 7 days of the week
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