Tata AIG Bike Insurance

Tata AIG General Insurance Company Limited is one of the most reputed general insurance companies in India. The company was formed in the year 2000 after two big enterprises Tata Group, and American International Group (AIG) decided to collaborate. AIG is a multinational insurance and finance corporation, and Tata Group is a widely recognised Indian multinational conglomerate. Thousands of clients have trusted and valued the company as a result of a merger of two big companies into a single platform.

The general insurance company works in two significant vertices, Customer lines, and Commercial lines. It provides a wide range of insurance policies to meet the needs of various businesses and individuals. It provides a wide variety of insurance services for corporate and individuals.Its products range from bike insurance, car insurance, health insurance, travel insurance, home insurance, motor insurance, and rural agriculture insurance. Some of the unique insurance plans offered by the company are property and business, professional and general liability insurance, environment insurance, etc.

Tata AIG provides third-party bike insurance, standalone own-damage bike insurance, and comprehensive bike insurance policies that attempt to reduce bike insurance premiums.Apart from providing these bike insurance policies with the traditional medium, Tata AIG has opted for various end to end channels like banks, agents, brokers to enhance the reach. It will provide bike insurance customers with an easy journey right from buying to renewal, especially for bike insurance.

TATA AIG Bike Insurance

Tata AIG offers three basic types of two-wheeler insurance in India; third party insurance, standalone own-damage insurance and comprehensive insurance. According to the Motor Vehicles Act of 1988, third-party insurance is mandatory for all two-wheelers. The policy covers third-party liabilities such as bodily injury, death, and property damage in case of a mishap. If you want to cover the cost of own-damage in case of a mishap you can purchase a standalone own-damage cover. This is not compulsory but provides coverage for a wide variety of situations including theft, road accidents, vandalism, natural and manmade calamities. However, if you want a hassle-free way to protect yourself from the hazards of the road, a comprehensive insurance policy is the way to go. In the event of a mishap, this type of insurance covers both own-damage costs and third-party liabilities for a single premium.

Furthermore, to expand the coverage that is provided by the own-damage cover you can purchase add-on covers for your two-wheeler. These are optional covers that allow you to pick and choose the ones best suited to your needs. Add-ons are an added charge, but if selected properly, they can make a significant difference in the amount of the claim. The zero depreciation cover, the return to invoice cover, the engine protection cover, and the roadside assistance cover are all useful add-ons to look into.

Tata AIG offers its customers a wide variety of add-ons to choose from. Moreover, the insurance policy is easy to purchase and renew. With more than 7500 network garages you can also rest assured that any repairs that your two-wheelers need can be easily done anywhere across the country.

Significant Points of Tata AIG Bike Insurance