- About Coverfox
HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd. an Indian Housing finance institution and ERGO International AG an insurance entity of Germany's Munich Re group.
With 94% claim ratio, HDFC Ergo is among the best.
It offers a wide range of insurance policies for motor, health, personal accidents, travel and home & HDFC ERGO rural plan. HDFC Ergo has 3400+ netwrok garage. HDFC Ergo offers add-on covers and long-term policy for two-wheelers.
HDFC Ergo insurance policy for two wheeler covers Own Damage Two Wheeler insurance and Third-party liability insurance, additionally you can also, opt for long-term policy for 2 or 3 years which would help you as a two wheeler owner at the time when needed – in case of any accident or mishaps.
Own Damage: HDFC Ergo two insurance policy will protect you against any loss or damage to the two wheeler and its accessories during the following events:
Third Party or Liability: This policy is mandatory by the Motor Vehicle Act 1988, it is provided by HDFC Ergo. This policy is protection against legal liability due to accidental damages resulting in the permanent injury or death of a person, and damage caused to the surrounding property. HDFC Ergo two-wheeler policy also includes reimbursement of towing charges up to 300 INR or actual cost, whichever is lower
Personal Accident Cover: Coverage of 1 lakh for the individual driver of the vehicle while travelling, mounting or dismounting from the Bike. Optional personal accident covers for co-passengers are also available.
It provides you to claim the full cost of replacing vehicle’s depreciable parts, such as plastic, rubber, metal, etc. except tyre(s) tube(s) damaged in accidents without having to pay from your pocket.
It provides you services like refueling, towing, change of flat tyre(s), arranging for a mechanic's services No Claim Bonus Protection (Only for 2 or 3 long-term policy): This add-on cover is only for a long-term policy plan. If you opt for a 2 or 3 year plan you can add this cover as a top-up to your core policy. No Claim Bonus is a discount offered by the HDFC Ergo. It’s a cumulative in nature that is, the discount keeps on increasing with number of no-claim years. If you do not lodge any claim throughout the year, you get 20% of discount on the premium of 2nd year. Likewise, 25% for the 3rd year and up to 50% for the 5th year if you do not lodge any claim.
But if at any time you lodge a claim this No Claim Bonus comes down to zero. HDFC Ergo provides a special add-on cover to protect this discount sliding down straight to zero with this No Claim Bonus Protection add-on cover for a two-wheeler policyholder.
|NCB at entry||Claims registered||NCB eligibility at renewal|
|0%||No claims made during entire policy period||35%|
|0%||Claim made in the first year but no claims in the second year||25%|
|0%||Claim made in the second year but no claims in the third year||20%|
|0%||Claims made in the third year||0%|
HDFC Ergo General Insurance offers many attractive discounts that the policyholder can avail.
|No. Of Years||Discount|
|One claim-free year||20%|
|Two consecutive claim-free years||25%|
|Three consecutive claim-free years||35%|
|Four consecutive claim-free years||45%|
|Five consecutive claim-free years||50%|
Other Discounts: HDFC Ergo General Insurance offers other discounts provided you are a member of any recognized Automobile Association of India
Additional discounts for long term policy: HDFC Ergo offers additional discount on purchase of multi-year (long-term) two wheeler insurance policy. In addition to that, you get a higher percentage of discount on NCB as compared to a single year policyholder. Moreover, you save money on third-party policy which keeps hiking every year by 15-20%.
Toll-Free Number: 1800-2700-700
Required steps and supporting documents:
a) In case of Accident
b) In case of Theft
c) In case of Third Party Claims
Step-wise guide to claim:
Take appointment with the surveyor and take your vehicle to any of HDFC Ergo General Insurance authorized network garages for repair, for cashless service. Submit the require documents to the surveyor
Company confirms liability
If possible, opt for cashless garage 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
HDFC ERGO is backed by quality service with quick solutions. With useful add-ons on offers, the two wheeler insurance plan provides comprehensive coverage to protect your vehicle in case of any accident. With an extensive network of cashless garages, prompt and seamless customer service, that claims to have 94% claim settlement ration for two wheeler, you should consider HDFC ERGO for your two wheeler insurance.