The Best bike insurance companies in India policy has become mandatory as the more you spend on your bike, the more it needs to be insured.
Bike insurance is a great way to protect your passion against any damage that happens to your bike. And to protect yourself against any subsequent financial losses. There are several bike insurance providers in the Indian market.
But choosing the right one requires you to go through a detailed analysis. We have come up with a detailed guide on bike insurance which will help you choose the best bike insurance policy for yourself.
We are discussing a few most trusted bike insurance companies in India and how to get bike insurance from them.
In recent times, bike insurance is in high demand due to increasing bike thefts and the number of claims by other bike owners.
Bike owners should be aware of the different types of Best bike insurance companies in India.
1. IFFCO Tokio General Insurance
IFFCO Tokio General Insurance offers a wide range of automobile insurance products including two-wheeler, car, bike, and commercial vehicle policies.
It also provides specialized commercial insurance policies for two-wheeler dealers, three-wheelers, buses, and trucks.
IFFCO Tokio General Insurance is a comprehensive insurance company that offers a range of protection and savings products for its policyholders.
The focus of the company is to empower farmers by providing them with the right tools to achieve their goals.
IFFCO Tokio General Insurance is a part of the largest fertilizer company in India. A robust network of 4,300+ garages across the country and 24×7 emergency assistance offers a simple and quick claim settlement process,
Allowing policyholders to make unlimited claims through digitally enabled processes with IFFCO Tokio Customer App.
2. Royal Sundaram General Insurance
Royal Sundaram General Insurance is an insurance company that provides financial protection against risks of every kind.
We are one of the leading players in the general insurance business with a focus on retail customers. Our products include personal accident, health and life, motor, travel, and home insurance.
We have grown to serve millions of customers and have reached this milestone by being true to our vision – “To be known as the most trusted brand in India’s growing economy.”
Royal Sundaram Bike Insurance helps you protect your two-wheeler against loss, damage, or theft. Your premium can be paid either by cash, credit card, or debit card. You will enjoy many benefits including doorstep assistance, personal accident cover, and others.
Royal Sundaram General Insurance is an insurance company that provides financial protection against risks of every kind.
We are one of the leading players in the general insurance business with a focus on retail customers. Our products include personal accident, health and life, motor, travel, and home insurance.
We have grown to serve millions of customers and have reached this milestone by being true to our vision – “To be known as the most trusted brand in Best bike insurance companies in India growing economy.”
3. Oriental Insurance Company
Oriental Insurance Company offers an extensive range of products and services in personal, commercial, health insurance, and other lines.
It also provides a wide variety of financial and non-financial services to its customers. The company has offices in Mumbai, Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, and Lucknow.
Oriental insurance is a public sector general insurance company that offers bike, car, and two-wheeler insurance. It also provides a host of other necessary services to its customers such as home, travel, health, and life insurance.
Oriental Insurance Company works round the clock to help its customers in case of an emergency or natural disaster and offers them peace of mind because they know someone is always there for them.
Oriental Insurance Company Ltd. is a general insurance company that offers a range of services to understand the needs of its customers, such as bike insurance and home insurance.
It has 3,100+ garages that offer service in more than 750 towns and cities across India. The company offers online assistance for policyholders at all times by linking them with expert agents via chat, phone, or email 24×7.
Oriental Insurance Company Ltd. offers a one-stop digital policy issuance process that allows instant renewal of policies anywhere anytime.
Oriental Insurance Company Ltd. is a public sector general insurance company known for its extensive network that provides bike insurance and a variety of other services.
It was founded on September 12, 1947, in Mumbai, but its headquarters are in New Delhi. Its influence has spread to countries such as Dubai, Kuwait, and Nepal.
4. HDFC ERGO General Insurance
HDFC ERGO General Insurance Co. Ltd. offers a range of insurance products and services, including car, two-wheeler, health, and home insurance,
that can protect you against losses due to natural disasters, accidents, or man-made calamities. The company also provides comprehensive Vehicle Insurance for cars and bikes,
As well as Marine Cargo Insurance for cargo shipped through road transport by trucking companies.
HDFC ERGO General Insurance has the largest network of garages among the Best bike insurance companies in India. The company has more than 6800 branches, including 635 exclusive garages,
With a strong presence in both Tier 1 and Tier 2 cities. HDFC ERGO General Insurance offers you a host of facilities including 24×7 emergency assistance is available,
Offers the facility of renewal without inspection, provides paperless insurance procedures, allows the policyholders to make unlimited claims, and helps you to track your car’s maintenance record at any time.
5. Universal Sompo General Insurance
Universal Sompo General Insurance Company Private Limited is India’s first Public Private Partnership (PPP) in the General Insurance Industry.
With its Head Quarters in Mumbai, India. Universal Sompo is widely appreciated for its innovation in General Insurance products like Car Insurance,
Bike Insurance, Travel Insurance, Health Insurance, and Motor Insurance. In the last four years, Universal Sompo General Insurance has gained a formidable position in the Indian Insurance industry.
Sompo Universal General Insurance is a low-cost General Insurance for your car, bike, and other vehicles. Buy a policy for your car, bike, and other vehicles and enjoy a hassle-free ride!
Sompo is the pioneer and leading player in the motor insurance industry in India with a market share of 21.3% and 5.4% as of 31st Aug 2018 and 29th Mar 2018 respectively.
It serves multiple categories of customers – individuals, vehicle owners, fleet owners, and dealers, covering a range of vehicles in the two-wheeler, four-wheeler, two-wheeler, and commercial segments.
The company is also the fastest growing player in the segment with a growth rate of over 80% in the past 4 years.
Tata AIG General Insurance is a joint venture between Tata Group and American International Group. Tata AIG General Insurance provides insurance coverage to individuals, corporate customers, and high-net-worth individuals.
It provides a wide range of insurance services, including health, family and life, travel, personal accident, motor, property and casualty, engineering, marine, energy, and aviation.
6. Tata AIG General Insurance
Tata AIG General Insurance is one of the leading general insurance companies in India. The company offers insurance products in the areas of auto, health, and travel insurance. Tata AIG General Insurance has an online presence and an offline presence.
Its online presence comprises websites and mobile apps. The company has an active digital presence on social media sites including Facebook, Twitter, YouTube, and LinkedIn.
For individuals who prefer to do business in person, the company has customer service outlets in Delhi, Mumbai, Bengaluru, Kolkata, and Chennai, among others.
Its products and services include travel insurance, health insurance, personal accident insurance, and life insurance, among others.
Tata AIG General Insurance Company Limited (AIG) is a general insurance provider based in Mumbai, India. Established in the year 2000,
Tata AIG General Insurance is a joint venture between Tata Group, a multinational conglomerate company, and American international insurance company, AIG.
Tata Group provides managerial and strategic expertise while AIG contributes its global strength and technical expertise.
Tata AIG General insurance company has been working in the Indian market for the last 17 years. The company offers a wide range of general insurance products Best bike insurance companies in India.
Tata AIG is India’s most trusted private general insurance company. With more than five crore satisfied customers,
Tata AIG has the best private general insurance products in India. Tata AIG has over 190 locations across India and offers a strong network of over 200 network garages and touch points along with a claims service facility available 24/7 that ensures you are protected anytime, anywhere.
7. SBI General Insurance
SBI General Insurance was established in the year 2001 as a government-owned corporation. It was jointly owned by the State Bank of India and the Insurance Australia Group.
Since its inception, SBI General Insurance has emerged as one of India’s largest insurers with a company asset base of over Rs. 7,500 Cr.
SBI General Insurance has a strong presence in the general insurance business and is one of the largest life insurers in India.
The company’s operations are spread across locations like Chennai, Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Patna, Jaipur, Ahmedabad, Surat, Kochi, Kanpur, Nashik, Lucknow, Ludhiana, Jabalpur, and Bhopal.
The company has more than 3300 employees working to manage it is business and operations. We have a staff strength of more than 50,000 in our General Insurance business.
As of now, State Bank of India General Insurance Company is providing a wide range of life and non-life insurance services in India.
The company’s motto is “I care. I listen. I understand.” They have achieved a strong reputation and have appointed agents located across India.
State Bank of India General Insurance Company offers personal accident cover and group insurance schemes at the best price in the market.
With the umbrella coverage, they are the insurance company of the year.
SBI General Insurance (SBGIL), a leading General Insurance company in India, is the flagship company of the State Bank of India Group.
A customer-centric organization, SBGIL offers insurance products to retail customers and corporate and mid-corporate customers.
SBGIL started its operations in 1994, the product portfolio was extended to include Health insurance cover, Mediclaim, and Travel Insurance.
The products are available across the 2,125 branches of State Bank of India and 1,200 branches of its associates with 1,200+ exclusive SBI General Insurance Agent outlets. Customers can contact the company at any of these places.
The company has a huge team of customer support executives, customer advocates, and claims executives who are trained to provide the highest levels of service to its customer.
8. New India Bike Insurance
The Government of India is the sole shareholder of the New India Assurance Co Ltd. The Government valuing the high insurance cover available to the general public, the New India Assurance Company Ltd, was incorporated on 24.09.1919.
New India Assurance in the subsequent years became the largest insurance company in India with its business house being opened in all the states of India.
In 1973, it became a Government Best bike insurance companies in India and is one of the first 20 General Insurance companies to be incorporated in India under the general insurance business.
The Company, based on a network of over 2000+ offices, provides general, life, and accident insurance business to the public.
It offers insurance services from the “cradle to the grave” and provides the best insurance coverage in the country for buildings, businesses, es, and other general insurance.
New India Bike Insurance is a product insurance plan by New India Assurance so it is an endowment Life Insurance policy that covers accidental death or permanent disability due to an accident.
The rider also covers death due to Intentional self-harm. Included in this plan is an accidental death benefit that will also be paid in case of death due to an accident by a third party,
Subject to certain conditions. It also covers certain diseases like a cerebrovascular accident, cardiac arrest, Assisted conception, paralysis, etc.
The policyholder is paid a sum assured in the event of death due to accidents.
9. Bajaj Allianz General Insurance
Bajaj Allianz General Insurance offers a range of insurance products for your life, health, car, travel, and home needs.
Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited and Allianz SE,
When you choose Bajaj Allianz General Insurance, you will be covered for all kinds of risks, such as accidental damages,
Fire or theft, death or permanent total disability, life insurance, medical expenses, and travel insurance.
It offers all kinds of policies from personal to commercial. You can also avail the Two-wheeler plans with an optional Addon Rider.
The firm also offers Avail Combo, Get Fit, Complete Cover, Young Career, and Travel Cover policies. Avail the General Insurance products at the Mysore road branch.
With stakes in the ratio of 74% and 26% respectively. With its headquarter in Pune, the firm came into existence.
After Bajaj Allianz got the certificate of registration from the Insurance Regulatory and Development Authority of India (IRDAI) to provide general insurance services in India.
The company is an Allianz branded network, with around 1,100 branches and 4,000 network garages.
With its headquarters in Pune, Bajaj Allianz General Insurance Company Limited has a network of more than 1,100 branches and 4,000 network garages.
The company has been ranked iAAA+ by ICRISIL and AA (Global Scale) by Fitch Ratings.
10. Future Generali India Insurance
Future Generali India Insurance is a part of the Future Group established in India back in 2007 and is recognized as one of the largest insurance.
Businesses in the country and the only general insurer to be ranked in the top three most valuable insurance companies.
With over 3,500 branches, more than 18 lakh policyholders, and a claim settlement ratio of more than 86 percent, Future Generali is a true stable player in the insurance industry.
Its emergency assistance policy helps customers get the right medical care at the right time, while its network of garages with authorized workshops means that you can easily fix your bike and get back on the road.
Voted Best Bike Insurance 2018 by Indian Bikers, Future Generali has been offering economical and hassle-free bike insurance plans for the last nine years.
The Future Generali Bike Insurance plan has three variants depending on the number of seats, engine specifications, and even usage.
Carefully designed to help your bike in every way possible, this bike insurance scheme also offers towing facility at no extra cost, same-day claims settlement, and fast emergency assistance, 24×7.
Future Generali is a venture of The Future Group that began in 2007. Today, it is one of the leading private insurance companies in India.
Apart from providing general insurance services, this business also offers a range of health, life, and travel insurance products.
11. Bharti AXA General Insurance
Bharti AXA General Insurance gives you the freedom to decide what kind of insurance policy you need. From Personal Accident and Health Insurance to cars,
Two Wheeler, and Home Insurance, Bharti AXA General Insurance offers you the most affordable rates and the widest range of products.
Bharti AXA Life Insurance is here to help you live your life to the fullest. It gives you a number of suitable insurance solutions,
As well as personalized customer care. Whatever your requirements, Bharti AXA Life Insurance has something for you.
Bharti AXA is a pioneer in life insurance and wealth management in India. Bharti AXA and its subsidiaries and affiliates offer a comprehensive range of financial products, including Life and Health Insurance, Pensions, Investments, and Loans.
Bharti AXA Life Insurance, the flagship brand of Bharti AXA General Insurance, is a multiple-award-winning life insurer offering versatile insurance products.
With an established presence across India, Bharti AXA Life has network garages in 3,500+ locations and 16 Lakh customers.
Bharti AXA Life offers customers top-end, multi-product insurance solutions that take care of their financial and personal needs.
Life is unpredictable and the Bharti AXA Life team is always available to support you and your family at every stage of your life.
With Bharti AXA Life, you can avail the best possible protection for your loved ones against various misfortunes, financial or health-related.
With Bharti AXA Life, you can safeguard your family against financial risks and uncertainties.
Bharti AXA Life offers a variety of insurance plans that suits various age groups and life stages.
With, we offer Health insurance and general insurance products like Motor Insurance, Travel Insurance, and Household Insurance, among others.
Our customer service representatives are available 24×7 at the customer helpdesk for any queries or concerns you may have.
Further, our emergency assistance is available round the clock. We plan to open 125+ branches and 3,500+ network garages for our customers.
12. ICICI Lombard General Insurance
We are ICICI Lombard General Insurance. ICICI Lombard, a part of the ICICI group, was founded in the year 1999.
Since our inception, we have been contributing to the betterment of society.
We are one of the few institutions that have won the prestigious International Awards for Enterprise Excellence (IAEE) at the International Business Festival, UK in the year 2011.
ICICI Lombard General Insurance’s network of garages extends to 8800+ garages all over India. Emergency assistance is available 24/7, and you can get a quote in less than 3 minutes.
Get in touch with our customer care team in just 6 hours. ICICI Lombard General Insurance is one of the best car insurance providers in India.
A renowned name in general insurance in India, with a wide customer base, ICICI Lombard General Insurance offers products that are designed to meet your expectations.
When it comes to car insurance. Get a policy for your car with us, and drive your vehicle with peace of mind.
Our policies offer coverage for damage caused to third parties, accidental death and disability, personal accidents, and more.
We know driving a car is sometimes risky, which is why we offer a policy that covers third-party liability to give you that extra layer of security.
Get an auto insurance policy from ICICI Lombard General Insurance to drive your vehicle with peace of mind and protection. Don’t wait; get a quote today!
13. Liberty general insurance
Liberty general insurance has a long history in India. Established in the year 1999, it has been successful in establishing itself as one of the leading general insurance companies in the country.
Liberty Insurance is recognized as a platform for building and delivering sustainable business growth for its clients.
Liberty’s mission is to extend and sustain a large base of small, medium, and large businesses, providing them with the optimum level of risk management for their business.
Liberty offers personal and commercial insurance to increase the confidence of the customers’ risk appetite.
Liberty General Insurance is a renowned private general insurance company in India. It was formed after an amalgamation between Liberty CityState Holdings Pte Ltd, Enam Securities, and DP Jindal Group.
The stakes are divided into the ratio of 48.7%, 25.32%, and 26%. The Insurance has a presence in 95+ cities with a network of 4,300+ branches and 6,800+ network garages. ICICI Lombard General Insurance since we offer versatile products.
Liberty General insurance is a leading and popular private general insurance company in the country with many years of experience and expertise in the field of insurance.
The company was formed after the amalgamation of three prominent group companies: Enam Securities, DP Jindal, and Liberty CityState.
The company is headquartered in Chennai, Tamil Nadu. It is a subsidiary of the Liberty Life Insurance Company.
The company offers insurance products like motor insurance, two-wheeler insurance, three-wheeler insurance, four-wheeler insurance, five-wheeler insurance, general insurance, health insurance, wealth management, term insurance, life insurance, and agriculture insurance.
14. Cholamandalam MS General Insurance
The Cholamandalam MS General Best bike insurance companies in India. Ltd offers versatile products like bike insurance and car insurance to customers.
Bike insurance is one of the best in the business and it is easy to get a quote on their website. They also have a 24-hour emergency helpline through.
Which you can get in touch with them any time of the day and they will attend to your grievances. You can also approach the branches and meet them in person.
You will be offered a quote after your visit to their office and see all their products and services with your own eyes.
We are a brand that is known for its trustworthiness and accountability and that is why we offer a 30-day risk-free, no-questions-asked return policy.
Our agents and staff are trained to give you the best service and you can also contact them directly by calling our customer toll-free number,
1800-103-0214 to get in touch with them. They will be more than happy to help you with all your queries and problems.
Cholamandalam MS General Insurance company is among the topmost insurance companies in India with the widest network of over 7,100 branches in all parts of India.
With its diverse range of insurance products and services that are designed to meet customers’ diverse financial protection needs,
The company has managed to become the most trusted insurance brand in the country. The company is accredited with ISO Certification which is a clear indication of its high operational standards.
When you are looking for an insurance company that can provide you with the best bike insurance products and car insurance products,
You will be glad to know that a great insurance provider exists in the market today. We offer the best facilities and provide a great list of bike insurance and car insurance covers that you can choose from.
15. National Insurance
National Insurance Company Limited is a public sector general Best bike insurance companies in India, which was established in 1906 in India.
NIC is the first general insurance company in India, the third-largest general insurer, and the second-largest non-life insurer in India. It is a subsidiary of National Insurance Company UK.
National Insurance Company Ltd. (NIC) was established in 1906 and is headquartered in Mumbai, India. In 2007,
the Reserve Bank of India (RBI) issued a license to the company to run as a non-life insurer and in the same year,
the organization was granted a certificate of registration by the Insurance Regulatory and Development Authority (IRDA).
As of 2015, NIC has a presence in over 1,730 offices, offering comprehensive insurance products and related services like bike insurance plans and home insurance.
With a client base spread across 1,400 cities and towns, National Insurance Company Ltd. provides insurance services to over 10 million policyholders.
NIC offers comprehensive insurance coverages to individuals, small businesses, large companies, and manufacturers, serving millions of policyholders through a well-distributed network of over 1,700 branches and 3,100+ claims settlement centers.
National Insurance Company is probably one of the most popular names in the Indian insurance industry today.
It offers a wide range of insurance products to suit the different needs of its policyholders. With the tagline – “The power to protect”, the company believes in ensuring protection from any sort of damage or loss.
It is the first private general insurance company in India and the only one to be featured on the Forbes 2000 list of the World’s Largest Public Companies in 2015.
Conclusion
With the advent of the internet and the financial technology sector, the insurance sector has also experienced tremendous change.
The Internet has paved the way for the emergence of numerous insurance companies that offer excellent policies at the most reasonable rates. However, the number of bike insurance companies in India is still limited.
This blog lists the 15 best bike insurance companies in India and their ratings. This is your one-stop shop to find the best bike insurance in India.
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