Everything about HDFC ergo two wheeler insurance

Nowadays the traffic conditions have made driving riskier than ever before. Car travelling takes much time than bike and car parking is another headache for car owners. A two wheeler is far more sensible choice because it has a quick mobility and convenience for travelling within the city. However a two-wheeler cannot guarantee your safety.

Features & Benefits of HDFC ERGO Two Wheeler Insurance

A two-wheeler should be protected against all kind of damages occurring due to accidents and other emergencies. Two wheeler owners can enjoy a safe ride with HDFC ERGO’s comprehensive bike insurance policy, providing maximum coverage.

The key features of an HDFC bike insurance policy are given below for your reference –

HDFC ERGO Two Wheeler Insurance Coverage

An HDFC ERGO two wheeler insurance policy includes three types of comprehensive covers for a rider namely –

Coverage for loss or damages to vehicles caused by any of the below given events –

  • Accidents
  • Burglary / House Break-ins / Theft
  • Incidents of fire / Explosions / Lightning
  • Acts of Terror / Riots / Other Malicious Acts / Strikes
  • While in transit by any mode of transport – rail, road, water or air
  • Storms / Earthquakes / Landslides / Floods

Third Party Liability Insurance

HDFC ERGO’s two wheeler insurance policy also provides coverage for any legal liability against third party injury or death and third party property damage due to accidents involving the insured vehicle.

Personal Accident Cover

Personal Accident cover is also provided by the two wheeler insurance policy for the vehicle owner for up to Rs 1 lakh covering accidental death and permanent disability.

HDFC ERGO bike insurance Exclusions

  • General wear and tear
  • Damages done to vehicles driven by individuals who do not have a valid driving license.
  • Mechanical / Electrical breakdowns
  • Damages done to vehicles driven by individuals under the influence of alcohol or drugs.
  • Depreciation
  • Loss or Damages to vehicles due to wars and other nuclear risks.
  • Tire damages / Tube damages are covered if the vehicle is also damaged at the same time. The company’s liability is limited to 50% of the cost of replacement of tubes.
  • Loss or Damages to vehicles happening outside India.

Add-On Covers for HDFC Two Wheeler Insurance

You will get the following optional covers provided by HDFC ERGO with an additional premium payment.

Personal Accident coverage for –

  • Two-wheeler owners
  • Passengers – Named or Unnamed in the policy
  • Pillion Passengers – Unnamed in the policy

Sum Insured –

The coverage amount is generally determined based on the manufacturer’s listed selling price after the deduction of the depreciation value for each year or the Insured’s Declared value (IDV). When there is a claim made for Total loss or theft, the IDV would be the maximum amount paid.

Premium –

The premium for an HDFC ergo bike policy is decided based on the following factors –

  • The Sum Insured or the Insured’s Declared Value (IDV).
  • The type of vehicle that is being insured.
  • The age of the vehicle insured.
  • The place of registration of the insured vehicle.
  • The type of fuel used in the insured vehicle.

HDFC ERGO Two Wheeler Insurance Claims Process

HDFC bike insurance policyholders can easily register an insurance claim. They can quickly register for two wheeler insurance claims by calling up the 24/7 HDFC ERGO customer care helpdesk number. They will get their claim number generated. Customers can either opt for a cashless claim at any of the network garages or apply for a reimbursement claim from HDFC ERGO. They will need to provide details of the accident, FIR report, a repair estimate (for reimbursement claims), and the filled-in claim form along with other documentation to the company. Policyholders need to bear the cost incurred for non-accident related repairs, deductibles and depreciation. The remaining amount will be compensated by HDFC ERGO and reimbursed to the customer.

How to apply for HDFC ERGO two wheeler insurance policies?

HDFC ERGO customers have mainly two options to apply for a two wheeler insurance policy. They can do so by directly visiting the nearby HDFC General Insurance branch. There they need to submit the filled-in application form along with the necessary documents. The first premium has to be paid in the form of a cheque at the branch office.

Customers can buy or renew their policies online very easily using the HDFC ERGO website in some simple steps. Customers can initially calculate the premium they need to pay while applying for a new policy, and understand how much the two wheeler policy would cost them. Then they need to fill in their personal details, vehicle details, select add-ons and pay their first premium online using their debit/credit cards or via net banking. A new policy is generated instantly from HDFC ERGO as a PDF copy.

HDFC ERGO two wheeler insurance renewal

HDFC ERGO two-wheeler insurance policyholders can renew their policies easily using the official website. Depending on the requirement of the customer, policy renewal can be done using two different processes.

Instant Renewal Process

The instant renewal process requires only the policy number to be provided to renew the existing two-wheeler insurance policy instantly. The customer gets an instant update on the spot.

General Renewal Process

This is a slightly long renewal process. Here the customer has to initially enter the existing policy number to view their two-wheeler policy details. After getting the details they can understand how much premium they will be paying to renew their policies and what additional benefits would they be enjoying when they get the updated policy. After determining the premium and benefits, customers can pay the required premium for renewing the policy using their credit cards or via net banking. An updated PDF copy of the policy document is generated instantly for the perusal of the customer.

Scooting around the city can be unsafe at times and lead you to trouble. Don’t worry; you just need a correct insurance plan. HDFC ergo two wheeler insurance offers financial support against all kinds of damages caused to you and your bike as well as another individual, vehicle or property. Two wheeler insurance plans give coverage for natural disasters as well as man-made disasters.