HDFC ERGO Two Wheeler Insurance
Two wheeler insurance is mandate insurance in India. Active two wheeler insurance give you cover from any unfortunate incident of your bike. All two wheeler insurance providing companies of India are registered under the Insurance Regulatory Development Authority of India (IRDAI).HDFC ERGO Two Wheeler Insurance Company Limited is a joint business between HDFC Ltd. and Ergo International AG which is part of Munich Re Group. This insurance company was established on 2002. The headquarter of this company is in Mumbai. Mr. Ritesh Kumar is Managing Director of this company. HDFC holds 51% share of this company and Ergo holds the other 49% share of this company. In the year 2016 this company announced to buy out L & T General Insurance for ₹551Crore. The merging process completed on 23rd August 2017. HDFC ERGO received ISO Certification on 2010. HDFC ERGO’s authorized shared capital is ₹6,000,000,000.This Company’s paid up capital is ₹5,386,202,600.
Features and benefits of HDFC ERGO Two Wheeler Insurance
Third Party Liability Cover
| Name of Insurance Plan | Third Party Liability Cover |
|---|---|
| Period of Policy | 2 Years- 3 Years |
| Type | Only liability |
| Coverage |
|
| Renewal | End of policy term. |
| Add Ons |
|
| Benefit of No Claim | Provided by insurance company after every claim free year. |
| Benefit of No Claim after Claim | NIL |
| Zero Depreciation cover | Available |
| Facility for refunding | This policy can be cancelled by giving a notice of seven days. HDFC ERGO will return the premium. |
| Garage Network | 3,400 garages across the country. |
Comprehensive Cover
| Name of Insurance Plan | Comprehensive Cover |
|---|---|
| Period of Policy | upto 3 Years |
| Type | Comprehensive |
| Coverage |
|
| Renewal | End of policy term. |
| Add Ons |
|
| Benefit of No Claim | Provided by insurance company after every claim free year. |
| Benefit of No Claim after Claim | NIL |
| Zero Depreciation cover | Available |
| Facility for refunding | This policy can be cancelled by giving a notice of seven days. HDFC ERGO will return the premium. |
| Garage Network | 3,400 garages across the country. |
Eligibility Criteria
Driver Details- If the driver has a legal license.
Fitness certificate of two wheeler.
That Bike should be registered under Regional Transport Office in the country.
You have to mention all the modifications if you had made any.
An inspection maybe required by a representative of HDFC ERGO.
Premium depends on the chosen plan.
No Claim Bonus plan for two years
| No Claim Bonus at entry | Claims registered | No Claim Bonus Eligibility at renewal |
|---|---|---|
| 0% | No Claim was made during the period | 25% |
| 0% | Claimed in 1st year but not claimed in 2nd year | 20% |
| 0% | Claimed in 2nd year | 0% |
No Claim Bonus-
There is always a no claim bonus or discount offered by HDFC ERGO.
Here is the list of discounts-
If you are a
member of any recognized Automobile Association of India you can get
a discount.
If you take a
policy of more than one year you can get an additional discount and
also you get higher discount on NCB.
Driving license
