HDFC ERGO Two Wheeler insurance is a comprehensive bike insurance plan offered by HDFC ERGO General Insurance Company. The insurance company is a joint venture between HDFC Bank and ERGO of the Munich Re Group.
With over 6800+ cashless garages, HDFC ERGO provides a wide range of bike insurance plans such as comprehensive two wheeler insurance, standalone own damage, long term comprehensive bike insurance and third party liability two wheeler insurance. The latest service provided by HDFC ERGO is jumpstarting your motorbike. In case your bike has not been utilised due to the lockdown, you can avail the HDFC ERGO JumpStart service to restart your vehicle.
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.
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.
HDFC ERGO two insurance policy will protect you against any loss or damage to the two wheeler and its accessories during the following events:
This policy serves as protection against legal liability due to accidental damages, resulting in bodily injuries or death of a third party, and/or any loss or damage incurred to the third party property.
This policy also cover personal accident cover for the driver/owner of the insured vehicle. An optional cover for the electrical and non-electrical accessories of your two wheeler, which includes horns, buzzers, seats, leg guard, etc. is also available.
he no-claim bonus is a discount offered on the next year’s premium. If you make no claims throughout the year, you are benefited with the huge discount on the next year’s premium. If for the first year you made no claims you are offered with 20% discount on the second year premium and so on. It keeps on increasing. The following table will provide the details.
The following table shows the NCB grid:
| No. Of Years | Discount |
|---|---|
| One claim-free year | |
| Two consecutive claim-free years | |
| Three consecutive claim-free years | |
| Four consecutive claim-free years | |
| Five consecutive claim-free years |
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%.
Required steps and supporting documents
HDFC ERGO is one of the leading general insurance companies in India. It provides the lowest premium on bike insurance, has a wide network of 7600+ cashless garages and their claim settlement ratio is 91.23%
You can buy zero depreciation add-on cover to avail the benefits from HDFC ERGO. You can also opt for comprehensive bike insurance to get zero depreciation benefits.
