HDFC ERGO Two Wheeler Insurance

HDFC ERGO Two-Wheeler Insurance Coverage

Own Damage Two-Wheeler Insurance and Third-Party Liability Insurance are both covered by HDFC ERGO's two-wheeler insurance policy. You can also choose a long-term policy for two or three years, which will assist you as a two-wheeler proprietor when you need it most - in the event of an accident or other calamity.

HDFC ERGO Two-Wheeler Insurance Discounts

The no-claim bonus (NCB) is a benefit that is provided as a discount on the premium for the subsequent year. The policyholder gets a discount on the premium for the following year if they did not file any claims during the previous year. With successive years without a claim, the discount's percentage rises. For instance, the policyholder receives a 20% discount on the payment for the following year if they do not file any claims in the first year.

The no-claim bonus (NCB) is a discount offered on the next year's premium, and it increases with each consecutive year of making no claims. For instance, if you made no claims in the first year, you could get a 20% discount on the next year's premium. However, if you manage to make no claims for five consecutive years, you may be entitled to a 50% discount on your next year's premium. It is an excellent incentive for responsible drivers who maintain a good track record of driving without causing accidents.

For members of the recognised Automobile Association of India, HDFC ERGO General Insurance also offers extra discounts, and additional discounts are available for those who buy a long-term policy. Policyholders with multi-year contracts benefit from greater NCB savings and spend less on third-party insurance, which may rise by 15% to 20%.

HDFC ERGO Two-Wheeler Insurance Exclusions

HDFC ERGO Two-Wheeler Insurance comes with certain exclusions that are not covered under the policy. The insurance policy does not cover mechanical or electrical breakdown of the vehicle, wear and tear or ageing of the vehicle, and depreciation. Deliberate accidental loss, driving under the influence of alcohol or drugs, consequential loss, and damage caused by or to a person who is driving without a valid license is also not covered under this policy. It is important to go through the policy document carefully to understand all the exclusions before purchasing the policy.

How to File a Two-Wheeler Insurance Claim from HDFC ERGO

Follow the steps given below to claim HDFC ERGO Two-Wheeler Insurance:

1. Step 1: To initiate the claim process for HDFC ERGO, you need to immediately contact them on their toll-free number 022/0120-6234 6234.
2. Step 2: Then, you must lodge a claim with a duly signed Claim Form and provide a copy of your Driving License, RC book, and Policy document.
3. Step 3: If an FIR is required, make sure to submit it and note down the contact details of the people involved in the accident, along with the vehicle number. Provide the policy number and other necessary details like the date, time, and location of the incident, and the nature of the damage.
4. Step 4: HDFC ERGO will assign a surveyor to assess the damage to your two-wheeler. The surveyor will inspect your vehicle and submit a report to the insurer. Once the surveyor's report is received, HDFC ERGO will process your claim and either approve or reject it based on the policy terms and conditions
5. Step 5: If the claim is approved, HDFC ERGO will arrange for the repair or replacement of your two-wheeler as per the policy coverage. You will need to pay the excess amount as per your policy. HDFC ERGO will settle the claim amount with the garage directly or reimburse you for the expenses incurred on repair or replacement, as per the policy coverage.
6. Step 6: You also need to provide an original Repair Estimate Bill. For cashless service, you need to provide only the Invoice receipt. For reimbursement, you need to provide the estimate bill, original invoice, and payment receipt. In case of total loss, where payment is made to the insured, you need to submit Form 35 and an original NOC from the financer.