Tata AIG Bike Insurance
Tata AIG Bike Insurance
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Tata AIG Two Wheeler Insurance

TATA AIG is a privately held general insurance company in India. Tata AIG General Insurance Company Limited celebrated 19 years of service this year (2020) since it commenced operations on January 22, 2001. Tata AIG has two types of Two Wheeler insurance plans that focus on the complete protection of Two Wheelers and owners. The owner can remain tension free as all the third party damages, accidental damage, theft & fire-related losses, exhaustion/self-ignition damages, etc are duly compensated. Apart from the coverage part, its insurance also excels in the areas of claim settlement, customer service, brand credibility, etc.

Highlights

Claim ratio

91.75%

Policy term

1 to 3 years

Branches 

152+

How To Renew Your TATA AIG Two Wheeler Insurance?

The insured person can renew his/her Two Wheeler through the TATA AIG's website or from PolicyX.com. Let's discuss them further.

Renewal via PolicyX.com

  • Visit the 'Get Two Wheeler Insurance Quotes Online' section present at the top right corner of this page.
  • Submit your Two Wheeler details and click on the tab 'Continue' Ensure to choose the renewal option and submit the details about its expiration date.
  • Select the TATA AIG Two Wheeler Insurance plan which you want to renew.
  • Confirm the prices of premium plus GST applicable as per the current IDV value of the vehicle. You can also choose to attach add-on cover(s) at the time by just informing the insurer.
  • Proceed to pay the premium. The payment can be made online by using credit cards/ debit cards/ Net banking. A payment receipt will be mailed to your Email ID along with the policy document. 

Renewal via TATA AIG General Insurance

  • Visit the official website of the TATA AIG General Insurance Company.
  • Click on 'Renew'.
  • Click on the tab 'Two Wheeler'.
  • Submit your phone number and policy number.
  • Click on the tab 'Proceed'.
  • Check the details & premium of the plan.
  • If everything seems fine, please proceed further and make the payment using available digital payment modes.
  • You will receive the payment confirmation and the policy document on your registered email.

Benefits of Buying Tata AIG Two Wheeler Insurance Policy

Cashless Garage Service

With 1471+ network garages across the country, the company allows its customers to get the repairs done without paying any penny.

Customer Assistance

The dedicated team of experts will be there 24*7 to assist you with all your queries.

Rebates on Premium

Through regular renewal, anti-theft device installation, and a claim-free year, you can get a good amount of bonus or discount.

Speedy Settlement of The Claim

TATA AIG clears the payment of the claim in just 15 days after the claim is approved and complete documents have been submitted.

Tata AIG Two Wheeler Insurance: Add-on Covers

Return to invoice: The return to the invoice will give you a full return on complete/total loss of insured bike due to fire, theft, burglary, etc. TATA AIG will provide the purchase price of the vehicle.

Depreciation Allowance: On choosing this cover, the insured will get relief from the depreciation factor that decreases the total monetary worth of the Two Wheeler after some time.

Cost of Consumables: Consumables that elevate the productivity of a vehicle can be covered by attaching this add-on. It includes the cost of engine oil, brake oil, radiator coolants, nuts, bolts, etc.

Loss of Accessories: A owner purchases accessories to make the Two Wheeler extraordinary. If any accessory is lost/stolen, the policyholder will receive compensation (on choosing this cover).

Emergency Medical Expenses: The cover will promise medical help during accidental emergencies. This will include cover for bodily injuries, ambulance charges for both driver and the passenger of the Two Wheeler.

Additional Personal Accident Cover To The Unnamed Person: For any accidental injuries to the pillion or a third-party, the cover will ensure compensation.

Personal Accident Cover to Owner-driver: The accidental sufferings to the owner at the time of driving the vehicle will be compensated.

Additional Third-Party Property Damage Cover: In case you think that the available third party cover is not sufficient, you can opt for this. It is only applicable to the third-party property.

How To Calculate The TATA AIG Two Wheeler Insurance Premium?

There are a few factors that play a major role in deciding the premium amount of your vehicle. We have mentioned such factors below for reference.

  • Brand of the bike/scooter
  • Model of the brand
  • Sub-type of model
  • Cubic capacity of bike/ scooter
  • City of registration
  • Year of registration
  • Add-on cover opted

Let's have a look at a few premium samples for better understanding.

Model

Price

Plan Type

IDV*

Zero Depreciation*

Estimated Premium*

Honda SP125 Drum

Rs.73,452

Comprehensive

Rs.56,295

Rs.269

Rs.906

Kawasaki Ninja 300 ABS

Rs.2,98,000

Comprehensive

Rs.2,24,478

Rs.269

Rs.2320

KTM 125 Duke

Rs.1,34,000

Comprehensive

Rs.91,200

Rs.436

Rs.1002

Suzuki Gixxer ABS 155cc

Rs.1,11,900

Comprehensive

Rs.69,571

Rs.184

Rs.1542

*The values are calculated on the basis of the city (Delhi) and year of registration (2020).

Discounts Under TATA AIG Two Wheeler Insurance

  • No Claim Bonus: This discount will lower your premium only when you do not raise a claim during a policy year and apply for regular renewal after every policy year.
  • Automobile Association Membership: If you are a member of any Automobile Association, then you are liable to receive a 5% discount on the premium.
  • Installation of Anti-theft Devices: If you install the anti-theft device(s) (approved by ARAI) in your Two Wheeler, you can get a discount on the premium.
  • Voluntary Deductibles: Opting voluntary deductibles is a wise decision as it offers a huge discount and will cut premium. Insurer never forgets to reward you when you show interest in paying a fraction of the claim amount.

How To File a TATA AIG Two Wheeler Insurance Claim?

  • Register Your Claim: The customer must contact TATA AIG via call or email to register a claim. You can also do the same by logging into your policy account on the official website of the company. In case you are not comfortable with the above-mentioned ways, you can reach the nearest branch of the company.
  • File An FIR: In case, it is an accident case/theft case, the Two Wheeler owner must file a complaint against the nearest police station. A copy and original of FIR must be kept handy to get faster processing of the claim.
  • Submit Documents: Before moving forward to conduct a survey, the customer must provide all the necessary documents demanded by the surveyor. Also, a duly filled and attested claim form disclosing related information must be submitted.
  • Quick Survey: The company will organize a quick survey of your damaged vehicle and appoint a surveyor to check the condition of the vehicle. The surveyor will prepare a report after evaluating the losses encountered by the vehicle.
  • Acceptance of The Claim: TATA AIG will approve the claim for payment if all the documents are found right and adequate to examine the truthfulness of the claim. In case of a cashless claim, direct payment will be made to the network garage. While for reimbursement claims, the insurer will pay the full amount of repairs or losses incurred by the policyholder.

What Are The Required Documents To File a TATA AIG Two Wheeler Insurance Claim?

For a successful claim, you need to submit the below-mentioned documents-

  • Driving license
  • ID proof
  • Policy documents
  • RC copy of your Two Wheeler
  • The claim form duly filled
  • Estimates of the loss
  • Repair invoice & relevant payment receipts

Contact Details

TATA AIG General Insurance Company Ltd.

Contact details: 1800-266-7780

Email address: customersupport@tata-aig.com

Address: 15th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013

PolicyX.com Insurance Web Aggregator

Contact number: 1800-4200-269/1800-4203-180

Email id: helpdesk@policyx.com

Registered Address: PolicyX.Com Insurance Web Aggregator Private Limited

1st Floor, Landmark Tower, Plot no-2, Southcity-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India.

FAQs

1. How can I check my claim status on the TATA AIG’s website?

If you want to check the claim status, then you have to visit the claim section on the website and then provide the following details-

  • Policy Number
  • Claim Registration Number

2. If I want to sell an insured bike but want to retain NCB, what is the process?

You just have to cancel your current bike insurance policy and need to provide the following documents to the insurer-

  • Original policy Wordings with the certificate of insurance (form – 51)
  • Covering letter declaring the reason for cancellation.
  • Form 29/ 30 (for retention of the NCB).

3. How can I increase/decrease my vehicle’s IDV with TATA AIG?

You are allowed to change the IDV of your Two Wheeler by up to 10% at the time of renewal of the policy. Please you need to connect with the team of TATA AIG for more information.

4. I have lost the insurance policy. Can I apply for a duplicate one?

Yes. For the same, you have to reach the nearest branch along with a written request. A nominal fee is charged for issuing a duplicate policy copy.

5. Whom should I contact if my vehicle suffers a loss in a city other than the policy issuing city?

The claim is to be registered at toll-free number (1800-266-7780) irrespective of the place of the claim.

6. Can I cancel my policy midway?

Yes, you can cancel and the unused premium can be refunded within a short span of time.

Last updated on 06-07-2020