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Different two wheeler insurance plans by HDFC ERGO

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Published on July 26, 2019. EST READ TIME: 5 MIN

Just like proper maintenance of the bike is important for a smooth ride, a proper two wheeler insurance that fits your requirement correctly is important to ensure you a safe ownership and ride of the vehicle.

While we cannot emphasise enough on the importance of buying two wheeler insurance policy, it is also important to understand that one policy cannot meet all insurance needs. And to ensure you get the kind of coverage you are looking for HDFC ERGP has launched varied insurance policies

Different Bike Insurance Policies by HDFC Ergo

Two Wheeler Comprehensive Coverage – Long-Term Policy

As the name suggests, this is a comprehensive coverage policy that provides accidental coverage to the rider as well as to the third party. It also covers any financial loss arising due to damage or theft of the vehicle. In the long term two wheeler insurance plans, you are getting upto 50% discounts on the premium.

This illustration is for one year policy and does not apply on long term Opting for long-term insurance coverage means savings against

• Annual premium Hike

• No claim bonus discount

• No renewal hassle Single transaction

To top it all, you also get a wide range of IDV (Insured Declared Value) to choose from.

Inclusions:

Own Damage Cover

The policy covers any financial loss arising due to

• Theft of the insured vehicle

• Damage or loss to the insured vehicle in case of an accident

• Damage to the insured vehicle due to natural calamities

• Damage to the insured vehicle in case of burglaries

Third Party Cover

The policy provides complete coverage for:

• Any financial loss arising due to permanent injury, disability or death of a third party involved in an accident with the insured vehicle

• Any financial loss arising due to damage to a third party property due to an accident caused by the insured vehicle

• Accidental cover for the owner driver involved in an accident with the insured vehicle. The owner driver get an accidental coverage of up to 1 lac in case of accidental death or total disability.

Major Exclusions

Here is the list of things that are not covered by the insurance policies:

• Natural wear and tear of the vehicle caused due to ageing or rough use

• Contractual liability claims

• Mechanical or electrical breakdown of the vehicle

• Damage caused by a person without valid driver license or under the influence of alcohol

• Loss or damage caused by war/nuclear risks/mutiny

Multiyear Third Party Insurance for Two Wheelers

A third party two wheeler insurance for two wheelers covers liability CLAIM for injury, death, or damage caused to the property of a third party in case of an accident. Third-party insurance is mandated under the Motor Vehicles Act, 1988.

The Multiyear third party liability plan provides you with coverage for upto three years. Optionally, you can also opt for a two-year multiyear policy as per your budget and requirement

Inclusions

• For any damage arising due to an accident involving your vehicle, the insurance covers your liability to third parties for:

  • Injuries

  • Permanent disability

  • Death

  • Property Damage

   

• Compulsory personal accidents cover of Rs 1 Lakh in case of an accident, death and personal total disability to the owner-driver.

  • Exclusions

   

• Contractual liability claims

• Damage caused by a person without valid driver license or under the influence of alcohol

• Loss or damage caused by war/nuclear risks/mutiny

• Any damage or liability caused or incurred outside the permitted Geographical area

Apart from this, HDFC ERGO also provides specific insurance policies for different brands and models. To know about Two Wheeler Insurance Policy for Famous Brands and Models, visit the official website and search for your brand.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before going ahead with the sales.

This blog has been written by

S. Gopalakrishnan | Motor Insurance Expert | 40+ years of experience in insurance industry

A veteran in insurance industry. S. Gopalakrishnan is a name to reckon with in the field of reinsurance, he has headed the Reinsurance department and has rich experience in other fields of motor insurance. He loves to share his opinion on latest topics in the insurance industry and how he can help people in safeguarding their assets using insurance products.

S. Gopalakrishnan recommends "HDFC ERGO for your vehicle insurance needs, it has always put customer’s interest at the forefront, with round the clock assistance to deal with emergency breakdown issues and hassle free claims process. You can be assured of complete and reliable guidance through the whole process".

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