Which Online Bike Insurance Is the Best?

Bike insurance is a must for every individual that owns a bike. If you are yet to buy insurance for your bike, make sure you choose the online platform to buy your plan. Buying bike insurance online will not only be easy and convenient but will also save you a lot of time and effort. What’s best is that you won’t have to pay any extra charges, worry about renewal, provide details of your previous bike insurance or deal with any sort of inspection or documentation. In fact, on buying bike insurance online, you will get to enjoy quick claim settlement as well as online customer support to get all your concerns resolved. 

If ready to buy bike insurance online after comprehending its benefits, divert your attention towards which online bike insurance to choose. Remember, while you can easily go with a bike insurance company that costs you less premium, it would be important to keep various other aspects like cashless garages, third party cover, policy term, and various others in mind. Do not forget that the claim settlement ratio is one of the key aspects to consider while making a choice.

3 Best Bike Insurance To Choose From

Here are the 3 best bike insurance companies to choose from based on claim settlement ratio:

• IFFCO Tokio Bike Insurance 

Buying IFFCO Tokio bike insurance would be one of the best decisions to take. While its Motor OD Claim Settlement Ratio for the year ended March, 2020 is 95.30%, the company has 4,300+ cashless garages. 24x7 emergency assistance, digitally enabled claim process, and availability of add-on covers like zero depreciation cover, engine protection cover, return to invoice cover, roadside assistance cover, and insurance passenger cover are major benefits. IFFCO Tokio has up to Rs. 1 Lakh Third Party Insurance for Property Damage, Own Damage Cover (based on the IDV), and up to Rs. 15 Lakh personal accident cover under its prime features.

• Royal Sundaram Bike Insurance 

Royal Sundaram General Insurance is a choice for many to buy bike insurance cover. While its Motor OD Claim Settlement Ratio for the year ended March, 2020 is 92.66%, the company has 4,600+ cashless garages. 24x7 emergency assistance, 156+ branches, and availability of add-on covers like zero depreciation cover, consumables cover, roadside assistance cover, return to invoice cover, NCB protection cover, engine protection cover, and tyre protection cover are prime benefits. Some of the essential features include up to Rs. 1 Lakh Property Damage under Third Party Insurance, Own Damage Cover (as per the IDV), up to Rs. 15 Lakh Personal Accident Cover and 24x7 claim settlement assistance.

• Oriental Bike Insurance 

When it comes to bike insurance, Oriental Bike Insurance is widely sought after. Take note that while the Motor OD Claim Settlement Ratio for the year ended March, 2020 is 91.76%, the company has 3,100+ cashless garages. 24x7 emergency assistance, 1800 active branches, and availability of add-on covers like zero depreciation cover, NCB protection cover, engine protection cover, return to invoice cover, roadside assistance cover, consumables cover, tyre protection cover are additional benefits associated with it. Some of the major features include up to Rs. 1 Lakh under Third Party Insurance- property damage, Own Damage Cover (as per the IDV), up to Rs. 15 Lakh Personal Accident Cover and 24x7 claim settlement assistance.

Final Words

Buying bike insurance is not at all difficult when you know what exactly you are looking for. Make sure you end up buying a policy that meets your bike insurance needs to the tee and not a plan that costs you less as compared to others. Moreover, make sure you do not make compromises on your bike insurance requirements to avoid disappointments at the last moment. 

If you require any assistance regarding your bike insurance, feel free to give InsuranceDekho experts a call. 

You may also like to read:

How Do I Find Out My Bike Insurance Expiry Date?

How To File Bike Insurance Claim In India?

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.