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IRDAI License No : HCG11821

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
  • Death or Injury of third party.
  • Death or Injury of driver or owner.
  • Third Party property’s damage.
  • For pillion rider optional personal accident insurance.
Renewal End of policy term.
Add Ons
  • Road side assistance.
  • For pillion rider optional personal accident insurance.
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
  • Damage or loss to own bike due to natural calamities.
  • Damage or loss to own bike due to theft or accident.
  • Cover for personal accident.
  • Third party liabilities.
Renewal End of policy term.
Add Ons
  • Road side assistance.
  • For pillion rider optional personal accident insurance.
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

Driving License

Driver Details- If the driver has a legal license.

Driving License

Fitness certificate of two wheeler.

Driving License

That Bike should be registered under Regional Transport Office in the country.

Driving License

You have to mention all the modifications if you had made any.

Driving License

An inspection maybe required by a representative of HDFC ERGO.

Driving License

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 plan for three years

No Claim Bonus at entry Claims registered No Claim Bonus Eligibility at renewal
0% No Claim was made during the period 35%
0% Claimed in 1st year but not claimed in 2nd year 25%
0% Claimed in 2nd year but not claimed in 3rd year 20%
0% Claimed in 3rd year 0%

HDFC ERGO Two Wheeler Insurance's Discount Offers

Number 1 No Claim Bonus- There is always a no claim bonus or discount offered by HDFC ERGO. Here is the list of discounts-
Number 2 If you are a member of any recognized Automobile Association of India you can get a discount.
Number 3 If you take a policy of more than one year you can get an additional discount and also you get higher discount on NCB.

HDFC ERGO Two wheeler insurance premium details

You can also renew your two-wheeler insurance using the insurance company’s mobile app.

Documents required to buy Two Wheeler Insurance

Here are the set of documents required to buy a two-wheeler insurance-

Claim Process of Two Wheeler Insurance

Following are the steps to follow to claim for a two wheeler insurance-
  • You need to register your claim with your two wheeler insurance provider.
  • In case the bike has been stolen or damage caused, you need to file an FIR.
  • You can also opt for cashless option.
  • In case, you have taken your bike to the garage, you need to submit the required documents along with the claim form.
  • Police report