Two wheeler insurance companies offer complete protection to the vehicle by covering it for third party liability, own damages, man-made and natural damages etc. There are 14 bike insurance companies in India that offer two wheeler insurance to ensure a safe ride. Some of the insurance providers also offer policies with the multi-year option that cover the vehicle for a longer period. These two wheeler insurance companies also provide cashless repair service at their authorised garages. Let’s have a look at these providers in detail and their offerings:
IFFCO Tokio General Insurance Company started its operations in the year 2000. IFFCO Tokio started as a joint venture between Nichido Fire Group (Japan), Tokio Marine, and IFFCO- the Indian Farmers Fertilizer Co-operative Limited. Since then, it has become one of the most trusted names in the Indian insurance industry. IFFCO Tokio strives to offer its customers the required financial cover against any physical damage, theft, and third-party liability with their two-wheeler insurance policy. A cashless settlement is also available at more than 3400 network garages across India.
Bajaj Allianz is one of the trusted brands for all your insurance needs. Started in the year 2001, the company is the result of the joint collaboration of Allianz SE and Bajaj Finserv Limited, with 74% and 26% stakes respectively. The company has received iAAA rating from ICRA for the 11th consecutive year with the recognition of highest claim paying company. The two-wheeler insurance offered by Bajaj Allianz comes with a comprehensive cover that protects your vehicle for up to 3 years continuously.
With 139 offices and more than 26,587 agents across India, Reliance General Insurance is counted among the leading two wheeler insurance companies in India. The company excels in providing many insurance solutions ranging from motor, health, travel, home, marine etc. The huge customer database includes individual, corporate and SMEs. The insurer is awarded many recognitions such as ‘Best production innovation general insurance’ in 2016, Website of the year by CMO Asia Social Media and Digital Excellence Award 2015 etc. The two wheeler insurance offered by Reliance comes with the multi-year policy option and attractive discounts as well.
HDFC ERGO General Insurance Company Limited functions as a joint venture between HDFC Limited ERGO International AG. The company has been accredited with iAAA rating from ICRA for their highest claim paying ability. HDFC ERGO offers a number of insurance products ranging from health, travel, motor, personal accident and home insurance. The company exists in 91 cities across India. HDFC ERGO Two Wheeler Insurance comes with multiple term options ranging from 1, 2 and 3 years.
National Insurance Company Ltd. or NIC is one of the oldest general two wheeler insurance companies in India. NIC has a wide network across India, including 1998 office to cater to its customers across the country. They also have a customer base in Nepal. The company caters to almost every general insurance be it, motor, health, travel insurance etc. NIC has designed its two-wheeler insurance policy to offer protection against any damages, injuries, and third-party liability that may arise due to an accident.
The name of Bharti AXA is counted among the leading insurers in India who operates in 18 different countries in Asia and Africa. Founded in the year 2008, it is a joint venture of the AXA Business Group & Bharti Enterprises. The company has expanded its business in both domains i.e. Life and General Insurance. With 103 million clients globally and 187 branches, Bharti AXA is popular for its fast claim settlement with a track- record of 48 hours fund release.
The Oriental Insurance Company Limited started its operations in 1947 from Bombay. It is a two wheeler insurance company with their head office in New Delhi. They have designed various types of insurance products to serve their urban and rural customers. Oriental two-wheeler insurance is designed to offer a financial shield against any unforeseen event. The company has technically qualified and proficient team members to ensure seamless customer service.
TATA AIG is a renowned name in the Indian insurance industry. It is a joint collaboration between Tata Group and American International Group (AIG), which offers a range of general insurance covers. Exists in 98 different cities across India, the two-wheeler insurance company has a huge workforce of 2523 employees and 9446 agents. Among various insurance covers offered by the company, the affordable two-wheeler insurance plans come with easy claim settlement and especial add-on coverage.
Liberty India General Insurance started its operations in 2013. The company is a joint venture between Enam Securities, Liberty Citystate holdings PTE Ltd, and DP Jindal Group. Their aim is to provide the best of commercial, retail, comprehensive industrial insurance services to its customers. Liberty General Insurance Ltd. has 3100 authorised workshops to provide cashless repair services and fast claim settlement.
Royal Sundaram General Insurance Co. Ltd. is a subsidiary of Sundaram Finance. Two wheeler insurance provider exists in more than 136 cities across India. Royal Sundaram is a prominent name among SMEs and its rural customer base. The company offers a range of general insurance products such as Motor, Travel, Health, Home and Personal Accident insurance etc. It also offers specialized commercial insurance products such as Marine, Fire, Liability, Engineering, and Business Interruption risks. Royal Sundaram two-wheeler insurance is one of the most sought out products in the insurance market.
SBI General Insurance Company started as a joint venture between the Insurance Australia Group and State Bank of India (SBI), with their respective share of 26% and 74%. It is one of the most trusted brands in the two wheeler insurance sector in more than 110 cities across India.
The company offers a number of insurance products to cater to its vast segment of customers. SBI two wheeler insurance policy is designed to provide comprehensive coverage to its customers against a wide range of risks including third-party damage cover.
Universal Sompo General Insurance Company Ltd. started its operations in India in the year 2007. It was started as a joint venture among Sompo Japan Insurance Company and other Indian companies namely – Karnataka Bank, Allahabad Bank, Dabur Investments and Indian Overseas Bank.
Headquartered in Mumbai, Universal Sompo is one of the leading general bike insurance companies in India. Among the various insurance products, the two-wheeler insurance offered by the company caters to the insurance needs of your vehicle and keeps you protected financially.
Shriram General Insurance Company is a renowned name in the general insurance industry in India. It is a joint venture between Shriram Capital Limited and South Africa based company Sanlam Limited. They offer a range of general insurance products including motor, travel, home and so on. Shriram Two-wheeler Insurance is exclusively designed to ensure its customers a protected ride.
Commenced its operations in 1919, New India Insurance Co. Ltd. was established by Sir Dorab Tata. New India Assurance also expands its insurance services in foreign countries such as U.K, Australia, Japan, Middle East, and Fiji. It is one of the renowned general insurance companies in India and abroad. Their two-wheeler insurance policies are designed to offer coverage to commercial and private vehicles and even the vehicles that are not out for sale.