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Two Wheeler Insurance by Liberty General

Liberty General, a collaboration of Liberty Citystate Holdings PTE Ltd and Enam Securities and DP Jindal Group, is a trusted name in the insurance space. The company understands the cumbersome process of claiming the benefits of a two wheeler insurance and hence, provides comprehensive two wheeler insurance plans that protect your vehicle from all risks.

It has around 615+ network garages all over India.

Liberty General offers renewal discounts, quick claim settlement, third party cover and many other attractive benefits that make it a preferred choice for two wheeler insurance amongst vehicle owners.



Key Features

  • Renewal Discounts: Liberty General Two wheeler insurance offers discounts on timely renewals
  • Lost Key Assistance: Offers lost key assistance in case you misplace the keys of your bike
  • Third Party Cover: Offers third-party insurance cover in case of death or bodily injury of a third-party, property damage to the third-party up to Rs.1 lakh and personal accident cover for the owner driver
  • Quick Claim Settlement: Offers hassle-free claim settlement in 7 working days
  • Guaranteed compensation: Offers guaranteed compensation if your two wheeler is robbed or damaged in an accident
  • Basic cover + Personal accident cover for passengers: Offers a basic two wheeler insurance cover along with personal accident cover for an amount of Rs.1 lakh for the co-passenger
  • Online facility: This Company offers online purchase and renewal for your two wheeler insurance

Key Benefits

  • Trouble-free Inspection: Offers simple, hassle-free and unperturbed surveillance by the inspection team
  • Swift Telephonic support: Offers 24/7 excellent customer services in case of any insurance related services through toll-free number
  • Network garages: Offers cashless claim facility with a network of more than 615 garages
  • Telephonic services: Offers efficient claim settlement support from 8 am to 8 pm
  • Multi-year policy: Offers 2 to 3 years two wheeler multi-year package policy with amazing benefits like one-time premium payment, additional NCB benefits, annual protection against third party premium etc.

Coverage

When buying an insurance policy for your bike, you need to take into account several factors and most importantly your needs and requirements. There are many policies available today, and thus, choosing the right one can be a tough decision. A wrong decision can lead to many problems later on, and thus, being careful is essential.

Let's see what Liberty Two wheeler Insurance offers:

Third- Party liability insurance

  • This policy covers the liabilities to the third party in case of an accident. The liability coverage goes for accidental death, physical injury and/or the damage to vehicle and property
  • This plan also includes the personal accident coverage for the owner-driver as well
  • Unlimited coverage is provided for death or injury of third party while up to Rs.1 Lakh are covered for property damage

Comprehensive Coverage (Own Damage): This is the comprehensive policy by Liberty Two wheeler Insurance policy and covers a wide range of scenarios. In addition to the third party coverage, this package plan also covers the insured bike and its owner from the following damages caused by:

  • Natural calamities like floods, inundation, typhoon, cyclone, hurricane, storm and hailstorms
  • Landslides and rockslides
  • Earthquake (both shock and Fire)
  • Fire, self-ignition, lighting or explosion
  • Terrorist and Malicious activities
  • Strikes and Riots
  • House breaking, burglary and theft of two wheeler

Personal Accident Cover

  • In traumatic and unforeseen situations like an accident, having a personal accident insurance would act like an income replacement
  • Liberty Two wheeler Insurance will pay the sum insured of Rs.1 lakh to the owner-driver of the insured vehicle in case of permanent total disability or to the beneficiary in case of accidental death.

Type of Injury Compensation Level in case of personal accident cover for owner-driver

  • Death - 100%
  • Loss of two limbs or sight of two eyes or one limb and sight of one eye - 100%
  • Loss of one limb or sight of one eye - 50%
  • Permanent total disablement from injuries other than named above - 100%

Add-on Features

Liberty General Two wheeler insurance offers amazingly 2 unique add-on covers that offers an extra touch of protection at a minimal rate. These add-ons enhances your basic insurance policy by paying an additional premium.

Zero Depreciation Cover

This add-on cover offers depreciation waiver on metal and plastic parts in case of partial loss/claim. This cover ensures you the entire claim amount without deducting the depreciation on the parts that are replaced.

Inclusion:

  • All plastic parts without depreciation.
  • All metal parts without depreciation.
  • The entire amount of all the parts of your bike that requires replacement are compensated in full

Conditions: The insured two wheeler should be repaired only in a network garage

Consumables Cover

This type of add-on covers those items or substances that are declared of no use for the vehicle post a damage or are either consumed completely.

Inclusions:

  • Break oil
  • Lubricants clip
  • Grease
  • Bearings
  • Engine oil
  • Oil filter
  • Nuts and bolts
  • Washers
  • Screw

Conditions:

  • Offers coverage only to a specific years
  • The repairs to be undertaken within 3 days of loss
  • Supportive bills, invoices from the network garages to be produced
  • The claim to be admitted under the own-damage section

Roadside Assistance

A two wheeler breakdown is not completely inevitable. In case of small or big breakdown or situation like flat tyres, running out of fuel, towing the vehicle, emergency fuel requirement etc. Liberty General Two wheeler Insurance offers 24*7 roadside assistance service

Engine Protection

Mind you, in case you live in one of those areas that are prone to heavy rainfall, this cover is a must for you. It protects you against the expenses involved in the repair of your bike’s engine in case it is damaged due to submersion in water

Discounts offered

No claim bonus : You are eligible for a NCB discount on your own-damage premium for every claim-free year .It starts with 20% for the first year and can go as high as 50% over 5 consecutive claim-free years. The best part is you can retain this discount, even if you wish to sell the current bike and purchase a new one.
The following table shows the NCB grid:

No. Of YearsDiscount
One claim-free year20%
Two consecutive claim-free years25%
Three consecutive claim-free years35%
Four consecutive claim-free years45%
Five consecutive claim-free years50%

Voluntary discounts : A deductible is nothing but an amount that you need to pay out during an accident or mishap. This deductible plays a major role in determining your two wheeler insurance premium. Higher the deductible, lower would be your two wheeler insurance premium. If you know you are a safe and responsible driver, opt for a higher voluntary deductible. This will help in getting the cheapest two wheeler insurance

Membership of AAI : If your bike is a member to any of the recognized Automobile Associations of India then can fetch you an extra discount

Installation of security devices : If your two wheeler is fitted with ARAI approved anti-theft devices, you are eligible for an additional discount up to 2.5% on your own-damage premium.

Exclusions

The claims would not be admitted under the below exclusions:

  • Normal Wear and Tear and Electrical or Mechanical Breakdowns
  • Damage to Tyres (unless vehicle also damaged)
  • Driver without a Valid Driving License
  • Driving under the influence (DUI) of intoxicants such as liquor or drugs
  • When the two wheeler is used for any illegal purpose
  • Usage outside geographical limits
  • Two wheeler is used for Hire or Reward, Carriage of Goods, Organized Racing, Pace Making, Speed Testing, Reliability Trials
  • Nuclear Wars and Perils

Claim Process

Contact Details:

Website: www.libertyinsurance.in

Toll free number (1800-266-5844)

Send an email at Manager@libertyinsurance.in

Step-by-step claim process is mentioned below:

  • Immediately contact Liberty General Insurance Company on their toll-free number or by visiting their nearest branch office. You may also write an intimation letter to Liberty General's registered office via post or courier
  • Lodge a claim by filling in the duly signed Claim Form by the insured
  • Copy of Driving License, RC book, Policy document along with the original documents needs to be submitted
  • FIR report also needs to be submitted if required
  • Take appointment with the surveyor and take your vehicle to any of Liberty General two wheeler Insurance authorized network garages for repair, for cashless service. Submit the require documents to the surveyor
  • The surveyor would inspect the two wheeler within 24 hours of registering the claim in case of city limits and within 48 hours in case of outside city limits
  • The Company would confirm the liability
  • In case you opt for cashless facility, the company will settle the repair bills directly with the garage up to the amount payable. But in case you do not opt for cashless facility, you have to pay for the repair charges and then submit the bills with claim form to the surveyor/company for settlement

Documents required for registering the claim:

  • Insured’s name and contact details
  • Two wheeler Insurance Policy number
  • Complete address of place where loss/damage took place
  • Complete address of place where damaged vehicle is available for inspection
  • Registration number of the vehicle
  • Name of the person who was driving the vehicle at the time of damage
  • Name, contact number and relationship of the caller with the insured customer
  • Brief description of the nature of loss/physical injuries, if any
  • Estimated total loss
  • Claim form filled and signed
  • RC book copy and Driving license copy
  • FIR report
  • Entire set of keys of the bike
  • Original bills of repairs/ invoice
  • Photographs of the insured damaged vehicle
  • In case of theft or total loss submit the Subrogation & Power of attorney
  • Indemnity bond
  • Discharge voucher
  • NOC from the financer for total loss or theft

Conclusion

Liberty General Two wheeler Insurance is a trust that is backed with more than 615 garage network, quality service and quick solutions. The two wheeler insurance policy of this Company provides comprehensive coverage to protect your bike in case of any accident or damage. Additional add-on covers widens the scope of the policy and with the extraordinary goodwill of the company standing by your side, Liberty General is a sure consideration for your prized possession.

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