5 Best Bike Insurance company: In India, most accidents are caused by two-wheeled vehicles. With this in mind, the Government of India passed the Motor Vehicles Act in 1988, which requires owners of two-wheeled vehicles to have valid insurance.
Previously, there were only a few companies that offered insurance on two wheels. But today the situation is different. Many companies in the market are ready to meet the demand. Let’s take a look at the top 15 insured owners of two-wheeled vehicles by 2021. They are IRDA certified, and with the help of the IRDI report for 2018-2019, we have updated the level of requirements of each issuer.
1. General Insurance company Bajaj Allianz
Bajaj Allianz General Insurance Company Limited is one of the best general insurance companies in India. It was founded in 2001 and is present in almost 200 cities and towns in India. The company offers a wide range of effective insurance products to meet various customer needs. The company wants to offer the best value and the best experience.
.The company offers simple online purchases.
.Get renewals without any hassle.
.The coefficient of compensation for losses is 62%
.Garage Network 4000
2. Bharti AXA General Insurance Company
Bharti Axa General Insurance Company Limited is a leading Government Insurance company founded in 2008. The company is owned by Bharti Enterprises, a joint venture with Axa, a global leader in financial security.
.To provide additional protection, the company offers various add-ons, such as individual accident insurance, coverage without depreciation.
.Payments can be made using digital payment methods, such as the banking network, debit/credit card, Google Pay and others.
.The coefficient of compensation for losses is 75%
.Network garages 5200+
3. General insurance company HDFC ERGO
HDFC company offers useful general insurance products such as cars, healthcare, travel and more. Rating ” IAAA ” according to ICRA Limited. It also has an ISO certificate.
.The company offers discounts of up to 70% on insurance premiums.
.The company provides an opportunity for an unlimited number of claims.
.The number of hopeful victims of natural disasters is 82%
.6800+ chain garages
4. The future insurance company Generali India
Only a handful of insurance companies can win people’s hearts. The future generalissimo is one of them. Founded in 2007, the main goal of the company is to provide its customers with the best service and make them smile. In addition to car insurance, the company has medical, travel and other services in its arsenal.
.The company guarantees that your claims will be considered within 7 days.
.Use the automatic renewal reminder service.
.Loss compensation ratio 69%
.Network garages 3500+
5. National Insurance Company (NIC)
The National Insurance Company was founded in December 1906. It is the oldest insurance company in India and the only non-public sector life insurance company. The company has received numerous awards, including The Economic Times Award for the best brands.
.The company allows the policyholder to receive additional benefits at the expense of additional benefits.
.It provides a simple and convenient complaint process.
.Claims Ratio Aus 127.50%
.Available Network Garages