United India Bike Insurance

United India Bike Insurance Policy – Key Features

*Disclaimer: The above table highlighting the key features is for reference purposes only. To know the exact features, refer to the policy wordings provided by the insurer.

Why Choose United India Bike Insurance Policy?

Here are the key benefits an insured gets with the United India bike insurance policy:

• A wide and strongest network of 3,100+ authorized two-wheeler garages across India.
• Easy and digitalized renewing/buying process of bike insurance.
• Excellent customer assistance team to address all types of insurance-related queries.
• Avail a No Claim Bonus (NCB) discount ranging up to 50%.

Types of United India Bike Insurance Policy

United India Insurance Company (UIIC) is a central public insurance company administered by the Ministry of Finance India. The company offers two types of bike insurance plans, explained below:

1. Two-Wheeler Package Policy

   This comprehensive two-wheeler insurance policy offers extensive coverage for both own damage and third-party liabilities in a policy. It is divided into two sections in a policy, providing coverage in the following manner:

   1. Section I (Own Damage - OD)

   1. Protection against damage from accidents.
   2. Covers losses due to fire or electrical issues.
   3. Loss or damage due to theft or burglary is covered.
   4. Protection against damage caused by terrorism.
   5. Covers damages resulting from riots or strikes.
   6. Includes earthquakes, floods, cyclones, inundations, landslides, etc.
   7. Coverage for damage while the insured two-wheeler is transported by rail, road, air, elevator, lift, or inland waterways.

   2. Section II (Liability Coverage)

   Covers bodily injury or death of third parties and damage to third-party property. It also covers the legal liability for the death/disability of a third person, along with the damages caused to third-party property.

2. Two-Wheeler Liability Only Policy

   A two-wheeler liability-only policy is a third-party bike insurance policy offering coverage solely for third-party liabilities, not damage coverage. It includes bodily injuries or death of third parties and damage to third-party property. Moreover, it covers court costs and expenses with written consent.

   In the event of the insured's death, their legal representative will be indemnified, provided they follow the policy terms & conditions.

*Disclaimer: The coverage of the United India bike insurance policy includes general inclusions and exclusions. Refer to the policy wordings to understand the exact coverage.

Depreciation Rates for Bike Components

Different bike components are subject to depreciation as below:

1. Nylon, rubber, plastic Parts (example: tubes, batteries, or tyres): 50% depreciation
2. Paint material: 50% depreciation
3. Fiberglass parts: 30% depreciation
4. Glass parts: zero depreciation
5. Other parts (including wooden components): depreciation applicable as per the policy schedule defined in the documents.

Depreciation Rates Based on the Age of Bike

Here is a scheduled rate of depreciation depending upon the age of the vehicle:

*Disclaimer: The rates provided are for reference purposes only. Please review the policy documents for complete terms and conditions.

Personal Accident (PA) Coverage for Two-Wheeler Owners

United India Insurance Company offers compensation up to ₹15 lakh to the bike owner in case of bodily injury or death due to an accident. The compensation provided under PA cover is discussed below:

1. Condition Along with Compensation Rate (in %)

   • Loss of 1 eyesight or 1 limb 50%
   • Loss of 1 eyesight and 1 limb or 2 limbs or both the eyesight 100%
   • Permanent total disability due to specified injuries 100%
   • Accidental Death 100%

2. Important Points to Consider While Buying Personal Accident (PA) Cover

   • Compensation is available for only one condition, as listed above in the table.
   • The total compensation cannot exceed ₹15 lakh in a single insurance period.
   • The insurer does not entertain the claims raised due to intentional self-harm, suicide, pre-existing physical defects or infirmities, or accidents occurring under the influence of drugs or alcohol.

How to Buy or Renew United India Bike Insurance Policy?

Follow these steps to purchase or renew a United India bike insurance policy via Policybazaar.com:

• Step 1: Visit Policybazaar.com, go to 'Insurance Products', and select 'Bike Insurance'.
• Step 2: Enter your bike number and click 'View Prices'. If you do not have the bike number, select 'Bought a New Bike' to continue.
• Step 3: Enter details about your bike, such as model, variant, city, RTO, and manufacturer, then click 'View Plans'.
• Step 4: Choose the United India bike insurance plan from the given options.
• Step 5: Select the policy type, i.e. third-party or comprehensive coverage.
• Step 6: If needed, buy add-on covers, such as NCB protection cover, zero dep cover, etc., to enhance the base policy coverage.
• Step 7: Pay the premium using a credit/debit card, UPI, or net banking, and receive a copy of your policy sent to the registered email address.

How to File a Claim with United India Bike Insurance Policy?

Here's how to file a claim based on the different types:

1. For Theft Claim

   Here is how you can raise a theft claim:

   • Report the theft to the nearest police station and obtain an FIR.
   • Submit the FIR to the insurance company.
   • A surveyor will be assigned to assess the situation.
   • Inform your RTO about the theft.
   • Gather and submit all required documents.
   • If the bike is untraceable for over a month, provide a police 'untraceable report' for claim settlement.

2. For Accident Claim

   • Notify your insurer about the accident and fill out the claim form online.
   • A surveyor will inspect the damage.
   • Submit all necessary documents to process your claim.
   • For cashless settlement, repair your bike at a network garage. For reimbursement, repair at any garage, pay upfront and claim reimbursement.

3. For Third-Party Claim

   • Notify your insurer about the accident.
   • Submit the court summons to the insurance company.
   • Complete and sign the claim form.
   • Provide all required documents.
   • The case will be adjudicated by the Tribunal court.

Documents Required for Raising United India Bike Insurance Claims

1. For Theft Claims

   • Signed claim form
   • RC Copy of the vehicle with original keys
   • Driving License (DL)
   • Original bike insurance policy
   • FIR with a detailed theft report
   • 'No-trace report' from the police

2. For Accident Claims

   • Signed claim form
   • Original RC copy of the vehicle
   • Original DL of the vehicle owner
   • Copy of the first two pages of the bike insurance policy
   • Motor Collision Report (MCR) or FIR
   • Original repair estimate
   • Original repair invoice and payment receipt (for non-network garages)

3. For Third-Party Claims

   • Signed claim form
   • Police FIR
   • Original Driving License
   • Original two-wheeler insurance policy
   • RC copy of the bike
   • Company-registered vehicle documents, if applicable