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Buying two wheeler insurance is not only mandatory but a smart thing to do for all two wheeler owners. Therefore, it is important to avail the best two wheeler insurance policy money can buy. This brings us to the question asked by many insurance buyers, “Who is the best two wheeler insurance provider in India?” The answer to this question is no rocket science. You can find and buy the best insurance policy for your two wheeler vehicle by investing little time in research to zero down on your two wheeler insurance provider.
What should you look for while selecting a two wheeler insurance policy? Here are a few steps you need to consider while selecting your two wheeler insurance provider.
When you look for a two wheeler insurance provider, don’t forget to compare at least two to three different insurance plans in terms of premium rates and coverage offered by the company. Following are some of the top two wheeler insurance providers in India:
HDFC ERGO has over 100 branches in about 90 cities in India. More offices mean that the policyholders can buy, renew and have the policy changed as per their convenience. The company has been awarded the prestigious iAAA rating, which indicates that the company have the highest ability to settle the claims. The company is also known for its information security, excellent customer service and claim settlement services. What makes HDFC ERGO unique is their online feature and two wheeler insurance policies that can be customised as per the needs of the customer.
Bajaj Allianz has achieved a name in terms of excellent customer service. The company has emerged as one of the top players in the field of two wheeler insurance and has it's loyal and trusted customer base. The company offers 24x7 customer support and secure claim assistance.
New India Assurance is a public sector insurance provider with active business in over 27 countries across the world. The company have a pan India presence which makes it easy for the customers to approach the company. Being a government-owned company, New India Assurance is highly stable regarding financial standing and thus have a good claim settlement ratio. It is one of the most trustworthy and reliable insurance companies in the country.
Other popular two wheeler insurance providers in India
|Name of the two wheeler insurance provider||Claim Settlement Ratio for 2018-2019|
|New India Assurance||87.54%|
|SBI General Insurance||87%|
The risk associated with a two wheeler vehicle can be overcome by selecting the right two wheeler insurance provider. You can go for a policy which offers maximum coverage and excellent customer service which will be a great peace of mind.
Just as you get your vehicle checked at regular intervals, it is crucial to evaluate your two wheeler insurance policy regularly. You can review your two wheeler policy options before the current policy expiration. It is an excellent opportunity to enhance your policy coverage and evaluate your premium's cost-effectiveness. Moreover, if your current insurance company is not providing good service, you can go ahead and change your insurance provider.
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