All You Need To Know About HDFC ERGO Bike Insurance

Your bike is your most cherished possession and it is your responsibility to take care of it and maintain it which could be very expensive. In case of any accident, it can be very stressful to arrange money to repair the damages sustained by your bike or to pay the compensation for the loss of the third party. It is thus very important to do proper research about the bike insurance plan that you purchase. This article will provide you with information on the best features of HDFC ERGO bike insurance along with simple steps to purchase bike insurance online with the provider.

Benefits of Purchasing Bike Insurance From HDFC ERGO 

The following are the features of HDFC ERGO insurance that are beneficial to the policyholder -

• Trusted Brand 

One of the main parameters to consider while purchasing bike insurance should be the legitimacy of the insurance company. Verifying the genuinity of the company will help you to save yourself from fraudulent companies. HDFC ERGO General Insurance has been a reputed company that is registered under IRDAI and has over 200 branches in India. It has got an impressively high CSR (Claim Settlement Ratio) of 91.23% which means that you can rely on this company to settle your bike insurance claim seamlessly. 

• Optimal Coverage 

With the increase in the number of vehicles on the road, accidents have become extremely common and unpredictable. Thus, it is wise to purchase a bike insurance policy that provides all-round protection from such misfortunate events that bring in atrocious expenses. At HDFC ERGO General Insurance, you can buy a bike insurance plan that provides financial protection from natural calamities, theft, fire along with personal accident cover and third party liability cover. You can further customize your bike insurance plan with the additional covers offered by the company. 

• Affordable Premium 

Having a bike insurance policy that provides you optimal coverage is important. But, it is more important to select a policy that you can afford. Your bike insurance is to remove the financial burden of taking care of your bike. At HDFC ERGO, you can avail of discounts up to 70% on the premium which is starting at Rs. 482. However, the cost of your premium will vary depending on the model of your bike, its age and the additional covers you choose among many other factors.

• Wide Network of Cashless Garages 

Network garages are the most convenient ways of repairing the damages sustained by your bike in case of any accident. A company having a broad network of garages will imply a more convenient service process for the policyholder as you can choose to repair your bike at the network garage nearest to you. HDFC ERGO has over 8000 network garages that enables hassle-free cashless facility. 

• Online Facilities 

With the speedy development of technology, you can purchase, renew and claim your bike insurance policies online. HDFC ERGO has enabled its customers to buy, renew and file a claim settlement for their bike insurance policy online on their website which has a seamless user interface. It has an AI-enabled claim settlement tool ‘IDEAS’ which helps you to get your settlement very soon. You can also purchase your bike insurance policy and renew it with simple steps. 

How To Purchase Bike Insurance Policy From HDFC ERGO? 

The following are the steps you can follow to purchase your bike insurance from HDFC ERGO -

1. Go to the official website of HDFC ERGO General Insurance.

2. Under the motor insurance category, you will be able to see an option to purchase your bike insurance.

3. You can proceed by providing your bike’s registration number or without it. 

4. You will be required to give details of your bike such as its model, variant and registration date along with your contact details. 

5. After providing these details, you can select the type of policy and the additional covers. 

6. The website will then ask for a copy of a few documents after which you will get a quote. 

7. You can pay the premium amount for your bike insurance after which you will receive an email with a copy of your bike insurance documents indicating the successful purchase of the bike insurance policy. 

Take Away

Comparing different insurance policies is very beneficial as it helps you to list down the facilities that are useful for your bike. You can also compare different bike insurance policies on multiple parameters. Being aware of the different facilities provided by different insurance companies will help you to select the bike insurance plan that is most optimal for you. Thus, make sure to compare insurance policies and pick the one that is most optimal for your use.

Also Read:

Documents Required for Bike/Two-Wheeler Insurance Renewal 

How To Renew Bike Insurance Online?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.