Bharti Axa Two Wheeler Insurance: A well-known insurer, AXA Organization, and a well-known Indian corporate group, Bharti Enterprises, founded Bharti AXA General Insurance Company Ltd. in 2008 as a joint venture with respective stakes of 49% and 51%.
In 2009, during its first year of operation, it was the first insurance company in India to obtain two ISO certifications. Since its founding, it has provided innovative and comprehensive insurance solutions, making it one of the leading providers of general insurance.
Disclaimer::
This is just an informational blog and has No Relation Bharti Axa.
NOTE:
Bharti AXA is Now ICICI Lombard for More Information Please Visit Offical website of Bharti AXA i.e Bhartiaxa.comBharti Axa provides insurance solutions for auto and two-wheeler, health and critical illness, property and student, individual and family travel, and agricultural insurance across India via 135 branches.
Bharti AXA Two Wheeler Insurance
Two-wheeler insurance is always necessary, regardless of whether you are taking a trip or traveling around the neighborhood. Bharti AXA offers comprehensive two-wheeler insurance policies designed to cover unanticipated occurrences such as accidents, natural disasters, and larceny.
This insurance provider offers comprehensive vehicle coverage against accidental damages and third-party liabilities at a very affordable premium rate, and customers can take advantage of contactless servicing at over 3,500 network facilities across the country; their policy can also be renewed online.
IDV (Insured Declared Value) is the utmost amount of coverage determined by an insurer based on the vehicle’s and its accessories’ dealership prices minus depreciation adjustments. Since its IDV will decrease over time, choosing an affordable IDV is essential for keeping premium costs in check.
Bharti AXA distinguishes itself as a market leader by providing innovative two-wheeler insurance products for various purposes and needs, including Roadside Assistance, Personal Accident Coverage, and others.
In addition to free roadside assistance and cashless claims at over 3500+ network garages, this company also provides:
- Simple policy renewals.
- No Claim Bonus discounts for policyholders.
- The option to terminate a policy if it no longer serves its purpose.
Bharti AXA Two-Wheeler Insurance Policy: Key Features
Bharti AXA’s two-wheeler insurance policies have several features that set them apart from the competition. Here are the main characteristics of their two-wheeler insurance policies:
- Covers monetary losses caused by damaged or stolen motorcycles.
- Cashless maintenance is available at over 3,500 authorized network facilities across India.
- Personal catastrophe coverage provides up to Rs.1 lakh in range.
- Claims assistance and customer service that is available around the clock and is efficient.
- Two- and three-year two-wheeler insurance policies for the long term.
- No-claim bonus-eligible discounts on premiums are available.
- The policyholders have access to a quick and simple online renewal system.
Bharti AXA Two-Wheeler Insurance Policy: Advantages
If you intend to ride a motorcycle in India, you must have at least a policy covering third-party liability. This policy of third-party liability insurance is available from Two-Wheeler Insurance. In addition to offering a comprehensive insurance policy, the company also provides this service.
The Bharti AXA, two-wheeler insurance policy offers the policyholders complete freedom and security with its extensive list of benefits. Here are the principal advantages of this policy:
- Comprehensive two-wheeler insurance policies with affordable premiums.
- Provides cover against burglary, larceny, accident, fire, and other natural disasters.
- Takes care of third-party liabilities, such as injuries or damage to the vehicle or property of a third party.
- In the event that an accident causes the driver’s disability or fatality, coverage of up to Rs. 1 lakh is provided.
- The combination of basic coverage and personal catastrophe coverage for co-passengers can reach up to Rs. 1 lakh.
- Personal catastrophe coverage is exclusive to policyholders.
- No annual policy renewals; policyholders may renew it once every two to three years.
- Simple and quick claim settlement and monitoring system.
- The Bharti AXA Motorcycle Insurance Policy provides coverage.
Bharti Axa Two Wheeler Insurance Coverage
The Bharti AXA two-wheeler insurance policy effectively covers the following circumstances and risks:
Disclaimer::
This is just an informational blog and has No Relation Bharti Axa.
NOTE:
Bharti AXA is Now ICICI Lombard for More Information Please Visit Offical website of Bharti AXA i.e Bhartiaxa.comDamage or loss resulting from natural disasters
The two-wheeler insurance policy provides comprehensive coverage for vehicles in the event of uncontrollable natural disasters such as earthquakes, floods, cyclones, tsunamis, hurricanes, etc.
Damage or loss caused by human caused disasters
The insurance policy covers all manmade disasters, including fire, strike, terrorism, etc. Moreover, with this policy, the proprietor no longer needs to be concerned about vehicle theft or robbery.
Accident coverage
Even if you are a cautious motorcyclist, you never know when another rider will collide with you. This insurance policy covers road accidents to protect you and your vehicle.
Personal accident coverage
If the proprietor or driver of the two-wheeler insured under this policy is injured or dies, the insurer is accountable for providing compensation.
Third-party liability coverage
If an accident caused by your bike results in loss or damage to a third party’s property or bodily injury to a third party, the insurance policy covers it.
Bharti AXA Two-Wheeler Insurance Policy Exclusions
The exclusions or incidents not covered by this two-wheeler insurance policy from Bharti AXA are as follows:
- Damages inflicted to the motorcycle by a driver under the influence of narcotics or alcohol at the time of the collision.
- Normal deterioration and depreciation of the motorcycle over a specified period will not be considered.
- Any insurance policy violation, such as operating a motorcycle without a legitimate license or by a minor, will void coverage.
- The claim may be denied if the private vehicle insured under this policy is used for commercial purposes or vice versa.
- In addition to electrical and mechanical failure, expired insurance, driving outside permitted geographical areas, contrived accidents, etc., the claim may be denied for various other reasons.
Bharti AXA Two-Wheeler Insurance: Available Add-On Covers
Bharti AXA provides the following optional coverages to expand the scope and duration of your two-wheeler insurance policy:
Depreciation Insurance
Naturally, the value of every two-wheeled vehicle depreciates over time due to wear and strain. A depreciation cover will not deduct any value from the claim, thereby guaranteeing a higher claim price for the incurred damage.
Roadside Assistance
Naturally, the value of every two-wheeled vehicle depreciates over time due to wear and strain. A depreciation cover will not deduct any value from the claim, thereby guaranteeing a higher claim price for the incurred damage.
Cover for Engine and Gearbox Protection
In the event of a catastrophe, the insurance company will cover the cost of replacing the engine and transmission.
Invoice Price Cover
With this add-on, you can recover the vehicle’s original on-road price in the event of a total loss.
Consumables Cover
This add-on includes fasteners, engine lubrication, ball bearings, and similar non-parts.
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Bharti AXA Twi Wheelers Insurance Plan
Plans offered by Bharti AXA are differentiated based on the duration of the policy and the amount of coverage provided.
Third-party liability cover
This basic plan provides financial assistance in the event of any incident involving a third party. Damages to a third party’s property or life result in compensation payment. This plan’s premiums are less expensive because it meets the minimum auto insurance requirements.
Comprehensive insurance coverage
This is the superior choice, as it protects against third-party liabilities and any loss or damage to the vehicle. It also provides coverage in the event of a catastrophe that leaves the rider injured. This plan’s premium is on the upper end.
Long-term two-wheeler insurance
This coverage is suitable for those who wish to insure their vehicle for an extended period. A 2/3-year policy term is available. Choosing an extended term results in a lower premium and enhanced NCB benefits.
Online Eligibility To Purchase Bharti AXA Two-Wheeler Insurance
When it comes to offering auto insurance policies, Bharti AXA has a few criteria in place to ensure that there are no complications in the future. To execute an application, the insurer might request these fundamental documents.
Registration of a vehicle
An individual is responsible for registering their vehicle. Produce the registration certificate issued by a Regional Transport Office.
Fitness certificate
The bicycle must be in a roadworthy condition; in certain instances, a fitness certificate may be required. This is applicable predominantly when the bike is more than ten years old.
Driver/owner information
In India, it is unlawful to operate a motor vehicle without a valid license, and in certain instances, insurers examine the driver’s license.
Non-modified bicycles
Insurance may not cover modified bikes.
Physical inspection
Bharti AXA may physically scrutinize a motorcycle with expired two-wheeler insurance.
The insurer may request additional documentation depending on whether the insurance registration is for a brand-new policy or a renewal of an existing/lapsed policy.
Disclaimer::
This is just an informational blog and has No Relation Bharti Axa.
NOTE:
Bharti AXA is Now ICICI Lombard for More Information Please Visit Offical website of Bharti AXA i.e Bhartiaxa.comHow to Purchase of Bharti AXA Two-Wheeler Insurance
No longer is it necessary to visit an insurance company’s office to purchase a policy. Following a few straightforward procedures, buying auto insurance policies online is now possible.
- Access the official Bharti AXA General Insurance website.
- Depending on the requirements, select either a new policy or the renewal of an existing one.
- Provide information about the vehicle that requires insurance.
- Provide personal information such as your cell phone number, email address, and address.
- Determine the type of protection required. This includes adding protection-enhancing riders to a base policy.
- The premium sum is displayed once selected.
- Pay the specified quantity.
- The insurance policy is emailed as a PDF file.
- Alternatively, you can purchase a two-wheeler insurance policy from Bharti AXA by calling 022 6118 888.
Online Renewal Instructions for the Bharti AXA Two-Wheeler Insurance Policy
We can easily renew the policy online, by following these simple steps:
- Access Bharti AXA’s official website for general insurance.
- Click the “Get a Quote” tab under “Two-Wheeler Insurance.”
- Select the renewal option for the insurance policy. The quantity of the premium will vary depending on whether the preBharti AXA or another insurer issued the preceding policy as the correct option.
- Provide the preceding policy’s specifics. This contains the policy number and expiration date.
- Make the payment according to the selected add-ons.
- To renew a policy, contact Bharti AXA representatives at 1800 103 2292.
How Do I File a Two Wheeler Insurance Claim with Bharti AXA?
An insurance policy’s purpose is to assist in the event of an accident. Follow these steps to file a claim with Bharti AXA, which has a straightforward registration procedure.
Cashless Claim Method
- If applicable, you must record the registration numbers of other vehicles involved in an accident with your two wheeler.
- Additionally, you should record the phone numbers and names of any witnesses.
- Send an SMS or contact the insurer’s toll-free number to let them know. In addition, you can send them an email at [email protected]. Send “CLAIMS” in SMS format to 5667700.
- When sending an email, one must adhere to the insurer-recommended format.
- To be, they must be registered within a specified time frame. It is essential to notify Bharti AXA as soon as possible.
- Once your claim is registered, Bharti AXA will send you an SMS with your claim number.
- Within twenty-four hours of registering your claim, a Bharti AXA representative will contact you to inform you of the claim process. You will also be notified of the required documents.
- You must file a FIR at the nearest police station in the event of an accident.
- After this, you can transport your motorcycle to the suggested cashless facility closest to your location.
- Within 24 hours, a Bharti AXA-designated surveyor will physically inspect the vehicle.
- The surveyor will require documents such as the registration certificate, driver’s license, KYC documents, and the original claim form. The surveyor will compare these copies to the originals.
- The surveyor will evaluate the damage/loss based on the terms and conditions of the insurance policy.
- After completing the repair, the garage will issue an invoice. The motorcycle will subsequently undergo a second inspection.
- The insurer is responsible for making payments directly to the network facility.
- The CSM will inform you of any potential outstanding balance.
Reimbursement Claim Process
- You must record the license plate numbers of other vehicles involved in an accident with your vehicle and, if applicable, the phone numbers of any witnesses.
- Send an email to [email protected], call the insurer at 1800 103 2292, or send an SMS to 91 80 49123900 to notify the insurer of the claim.
- You will then receive an SMS from Bharti AXA containing your claim number.
- A Bharti AXA representative will contact you to inform you of the claim process and required documents.
- If necessary, you must file a police report at the nearest police station.
- The claim form should be filled out with the required information and submitted to the CSM with the required documents.
- The CSM will compare the submitted documents to their original counterparts.
- For comYourovide additional documentation, such for commercial vehicles as the route permit, fitness certificate, product receipt, etc.
- Bharti AXA will initiate the claim process upon fulfilling the abovementioned procedures.
- After approval of the claim, the insurer will reimburse the settlement amount.
Why is the Deductible Important for a Bharti AXA Motorcycle Insurance Policy?
In most insurance policies, a deductible is present. This is the amount the policyholder agrees to pay in the event of an accident or bike damage. The insurer pays the remaining balance.
A straightforward illustration explains it. Mr. A purchased a 2-wheeler insurance policy with a 5% deductible from Bharti AXA. In the event of a catastrophe, he will be responsible for 5% of the total cost, with Bharti AXA covering the remainder.
Selecting a high deductible reduces monthly premiums. Choose a higher deductible only if you are confident in your driving abilities. A low deductible results in higher premiums, but in the event of an accident, the policyholder will not be required to pay a large amount.
What To Do After A Bharti AXA Two-Wheeler Insurance Policy Has Expired?
Driving with an expired insurance policy can result in penalties. The added anxiety of being unprotected can also affect our state of mind, so it is imperative to renew a policy promptly. Bharti AXA sends reminders before the policy expires to ensure timely renewal. Immediately renew the policy if it expires despite repeated reminders. You can accomplish this by contacting the insurer. In the event of a grace period, it is simple to renew the policy.
If this period has expired, a physical inspection of the vehicle is required to renew the policy. The amount of the premium may also increase in such circumstances. The accrued no-claim incentive may also expire, resulting in an added financial burden for the individual.
