Bajaj Allianz, ICICI Lombard, Tata AIG, Digit and HDFC ERGO — compared on add-ons, garage network and claims experience.
No Claim Bonus (NCB) is an IRDAI-mandated discount on your Own Damage premium for every claim-free year: 20% after 1 year, 25% after 2, 35% after 3, 45% after 4, and 50% after 5+ claim-free years. NCB belongs to the policyholder, not the vehicle, and is transferable across bikes and insurers — but a grace period of up to 90 days applies to retain it on renewal.
IDV (Insured Declared Value) is your bike's current market value — manufacturer's listed price minus age-based depreciation (5% up to 6 months old, rising to 50% at 4-5 years) — and is adjustable within an insurer-set band at quote time; no insurer publishes a fixed rupee range since it depends on your specific bike.
Compulsory Personal Accident (PA) cover of ₹15 lakh for the owner-driver is mandatory on comprehensive two-wheeler policies across insurers, unless you already hold a PA cover elsewhere.
Standard exclusions across all comprehensive two-wheeler policies: normal wear and tear, mechanical/electrical breakdown unrelated to an accident, driving without a valid license or under influence of alcohol/drugs, consequential loss, war/nuclear risks, and use outside India or outside the policy's permitted purpose — unless covered by a specific add-on.
"Motor On-Spot" app-based digital claims, plus Tyre Safeguard and Helmet Cover add-ons.
Garage Cash add-on pays a daily allowance during repairs; strong overall claim settlement track record.
Widest add-on list (12) including EV-specific covers — ideal for e-scooter owners.
Fully digital, paperless self-inspection claims — largest garage network of the five.
AI-enabled claim assessment, doorstep repair, and a rare EMI Protector add-on for financed bikes.
| Attribute | Bajaj Allianz | ICICI Lombard | Tata AIG | Digit | HDFC ERGO |
|---|---|---|---|---|---|
| Policy Types | Comprehensive, Third-Party, Standalone OD, Compulsory PA | Comprehensive, Third-Party, Standalone OD | Comprehensive, Standalone OD, 3/5-yr Standalone TP | Comprehensive, Third-Party, Standalone OD, 5-yr TP + 1-yr OD | Comprehensive, Third-Party, Standalone OD, Multi-year (1-3 yr) |
| Key Add-ons | Zero Dep, Roadside Assistance, Engine Protector, Consumables, NCB Protector, Tyre Safeguard, Conveyance Benefit, Return to Invoice, Helmet Cover | Zero Dep, NCB Protector, Garage Cash (₹500/day up to 14 days), Roadside Assistance, Engine Protection, Return to Invoice | 12 add-ons incl. Zero Dep, Return to Invoice, EV-specific: Electric Surge Secure, Battery Depreciation Allowance | Zero Dep, Engine & Gearbox Protection, Tyre Protect, EV Shield, Daily Conveyance Benefit, Roadside Assistance | Zero Dep, Roadside Assistance, Return to Invoice, Engine/Gearbox Protection, Cash Allowance (₹200/day up to 10 days), EMI Protector |
| Cashless Garage Network | 7,200+ (group-wide figure; bike-specific count not separately confirmed) | 5,600+ | 5,300+ | 9,000-10,000+ (largest of the five) | 2,000+ to 7,600+ depending on source — needs direct confirmation |
| Claims Experience | "Motor On-Spot" (OTS) app-based digital claims | Strong digital/self-inspection process | 750+ dedicated claim experts, 24/7 support | Fully app-based self-inspection; claims initiated within ~7 minutes | "IDEAS" AI-enabled claim assessment; doorstep repair option |
| Standout Feature | Large legacy brand + fast in-app settlement | Garage Cash daily allowance during repairs | EV-specific covers + long-term standalone TP | Policyholder-linked NCB (not vehicle-linked); largest network | EMI Protector — unique among competitors for financed bikes |
| Best Suited For | Riders wanting a large established brand + fast claims | Buyers wanting daily repair-downtime compensation | EV/e-scooter owners and maximum customisation seekers | Tech-comfortable riders wanting fully digital, low-paperwork claims | Financed (EMI) bike owners and doorstep-service seekers |
*Garage network figures vary between insurer sites and aggregators and are updated frequently — reconfirm directly with the insurer before final purchase. Claim settlement ratios published by IRDAI are company-wide (all insurance lines), not bike-specific.
Two-wheeler insurance jargon, explained in plain English.
Your bike's current market value — the maximum payout if it's stolen or damaged beyond repair, calculated as the listed price minus age-based depreciation.
A discount on your Own Damage premium for every claim-free year, from 20% up to 50%. It's linked to you as the policyholder, not the bike, so it moves with you across vehicles and insurers.
A mandatory ₹15 lakh cover for the owner-driver on comprehensive two-wheeler policies, unless you already hold a PA cover elsewhere.
An add-on that waives the standard wear-and-tear deduction on parts during a claim, so you get the full replacement value instead of a depreciated payout.
Own Damage covers repairs to your own bike; Third-Party covers injury or damage caused to someone else. A Comprehensive policy includes both.
A policy that covers only your own bike's damage, meant for riders who already have a valid long-term Third-Party policy (common for new bikes bought with a mandatory 5-year TP cover).