Top Insurance Companies for Motorbikes in India
1. Bajaj Allianz General Insurance
- 32% market share
- Best known for affordable insurance coverage and extensive automobile network with high customer service quality.
2. ICICI Lombard General Insurance
- 28% market share
- Known for a variety of coverage plans, customized premiums, and speedy claims settlement.
3. Ack General Insurance
- 12% market share
- Digital-only platform, instant policy buying, and artificial intelligence-driven accident detection.
4. HDFC ERGO General Insurance
- 10% market share
- Widely recognized for elaborate coverage products, cashless claims service, and benefits of road assistance.
5. Oriental Insurance
- 7% market share
- Being a government-owned one with a successful track record providing low-cost premiums and credible customer care.
6. Bharti AXA General Insurance
- 5% market share
- It offers extensive coverage plans with competitive premiums; dedicated bike insurance.
7. Reliance General Insurance
- 5% market share
- Best known for affordable premiums, excellent network tie-ups with garages, and speedy claim settlement.
8. Future Generali India Insurance
- 4% market share
- Innovative coverage options, customizable policies, and digital claim registration.
9. Acko General Insurance
- 3% market share
- Digitized insurance platform, third-party liability coverage, and cashless settlement of claims.
10. Royal Sundaram General Insurance
- 3% market share
- Customer-driven approach; offers complete insurance to high-value bikes, offering roadside assistance.
Factors to Consider While Choosing a Bike Insurance Company:
- Premium costs
- Options for coverage
- Claim settlement ratio
- Customer service
- Reputation and ratings
- Garage networks
- Additional benefits and discounts