Bharti AXA Two Wheeler Insurance Policy: Coverage, Claim & Renewal

Updated: 01-09-2023 10:18:02 AM

What is Bharti AXA Two Wheeler Insurance Policy?

The Motor Vehicles Act, 1988 has made it mandatory to get a two-wheeler insurance for every person who owns a two-wheeler in India. Bharti AXA Two-Wheeler Insurance policy provides protection to the insured vehicle against damage arising from natural disasters, thefts and accidents. As it is mandated by the law, it also covers liability for third party injury or death and property damage.  Apart from providing protection to two-wheeler, this policy also covers auto-cycles and mechanically assisted pedal cycles.

Types Of Bharti AXA Two Wheeler Insurance Policy

Two-Wheeler Motor Insurance: The Package policy covers losses incurred through own damage in a number of situations such as natural calamities or man made causes or theft. It also covers damages to third party as it is a comprehensive policy.

Two-Wheeler Long Term Package Policy: This policy gives an option to policyholder to choose between two or three years, thus, helping them avoid yearly renewals and save on premium hike for Third Party Rates.

Third-Party Liability Coverage: This policy will only provide protection against third party liabilities for five years. It is the mandatory insurance which the policyholder have to buy. The base premium for this policy depends on the cubic capacity of your two-wheeler engine.

What all Bharti AXA Two-Wheeler Insurance Covers? 

Circumstances under which cover will be provided by the Bharti AXA Two-Wheeler Insurance Policy:

Loss of or damage

• Fire explosion, self-ignition or lightning
• Burglary housebreaking or theft
• Damage due to natural occurrences (earthquake, flood, cyclones, flood, hailstorm frost)
• Damage due to mob activities, riots, terrorist activities
• Damage whilst in transit by road rail inland, waterway lift elevator or air

Liability To Third Party

In case the accident is caused by or arising out of the use of the insured vehicle, the insured will become liable to pay for the following:

• Death of or bodily injury to any person including the pillion rider
• Damage to property other than property belonging to the insured

Personal Accident Cover for Owner-driver

This policy will pay compensation in case of bodily injury/death sustained by the Owner-Driver of the vehicle due to violent accident. The insurance company will compensate if the claim arises because of the following circumstances and the total liability of the insurance company shall not in the aggregate exceed the sum of Rs. 1 lakhs during any one period of insurance.

Nature Of Injury	Scale Of Compensation
Death	100%
Loss of two limbs or sight of two eyes or one limb and sight of one eye	100%
Loss of one limb or sight of one eye	50%
Permanent total disablement from injuries other than named above	100%

Add-on Covers

Bharti AXA Two-wheeler Insurance policy offers additional covers, given below, which can be opted by the policyholder at a nominal rate:

• Loss or damage to electrical and non-electrical accessories
• Personal accident cover for the insured and pillion rider
• Legal liability to employed persons (Driver/Cleaner)
• Legal Liability to employees of the insured (other than paid drivers/cleaners)

Insured Declared Value

The Insured Declared Value is the sum insured which is fixed at the starting of each policy period for the insured vehicle. It represents the value of the vehicle as per current market conditions and is fixed on the basis of the manufacturer’s listed selling price of the brand and model.

If your vehicle is new or just six months old, it will be covered at zero or 95% of invoice price and thereafter depreciation will be charged as per the usage. The IDV will be calculated by applying the percentage of depreciation specified in the tariff on the showroom price of the vehicle. However, if the vehicle is five years old and obsolete, IDV would be determined on the basis of an understanding between the insurer and the insured.

Also Check: Bharti AXA Motor Insurance

How to Apply for Bharti AXA two-wheeler Insurance Online? 

• For applying online, all you must do is go to their official site and click the two-wheeler insurance and click “Buy now”
• Enter your vehicle and other personal details in the online form
• Select add-on covers and discounts, if any,
• Click on “Get Quote’ and make the payment
• Policy will be delivered instantly in your Email ID 

Claim Process

Following are the company’s step by step guide to raise and settle their insurance claims:

• Call the company’s toll-free number 080-49123900 to register the claim. Provide the necessary information in order to register the claim and get your claim or reference number
• While intimating the insurer, following details should be kept handy:

• • Name of the insured person
  • Insurance policy number
  • Contact number
  • Date, time, and location of the accident
  • Brief description of the accident
  • Address and contact details of the insured person in case a claim is notified by a person other than the insured vehicle owner
• One can also register the claim through their official website by clicking on “Register Claim’ under claim section
• In case of major accidents including fire, riot, losses, make sure that the two-wheeler remains in the same spot as where the accident occurred so that a surveyor can inspect it
• An official will get in touch with you within 24 hours of registering the claim to assist you with the claims process
• Insurance company will appoint claim surveyor within one working day
• Upon completion of the initial formalities, the two-wheeler can be taken to an authorized workshop. One have an option to take their two-wheeler to one of their network garage for cashless option where the payment will be borne by the insurance company. Or else, S/he can repair it from somewhere else and submit the claim form and repair bills which will be reimbursed by the insurance company within 5 working days of completion of documentation

Documents Required For Claim Process

These documents are the main cause for you to get the claim at the time of asking for claim settlement. Without any of these documents, it is difficult to get the claim settled.

For Claims related to accidents

• Original Estimate
• Claim form signed by the insured
• Policy’s first two pages’ copy
• Repair invoice and payment receipt.
• RC Copy of the Vehicle
• Stamp on company-registered vehicle’s original documents
• Driving license + Attested copy
• FIR in case of major damage or thefts
• Charge sheet in case of third-party property damage

For Claims related to third party

• FIR copy of the complete report
• Claim form signed by the insured
• Driving license + Attested copy
• RC Copy of the Vehicle
• Policy’s first two pages’ copy
• Stamp on company-registered vehicle’s original documents

For Claims related to Theft

• A no-trace report from the police.
• Claim form signed by the insured
• Driving license + Attested copy
• FIR copy of the complete report
• RC Copy of the Vehicle
• Policy’s first two pages’ copy
• Stamp on company-registered vehicle’s original documents
• RTO papers signed including Form 28, 29, 30, and 35

Exclusions under Bharti AXA Two Wheeler Insurance

 The insurance company is not liable to pay if the damage arises because of the following events:

• General ageing of two-wheeler or regular wear and tear of the bike due to usage
• Mechanical or electronic breakdown of the vehicle
• If the vehicle is being used for something else than what it is specified for, it may not be applicable
• Consequential loss or depreciation
• Damage done by or to a person who does not hold a license and is driving a vehicle
• Damage done to or by a person who is found to be driving a vehicle under the influence of an intoxicating substance
• In the event of the mutiny, war or a nuclear risk, Bharti AXA is not liable to cover loss or damage

Renewal Process

It is very easy to renew the Bharti AXA Two-Wheeler Insurance policy through the online process and following are the steps to do it:

• Go to their official site and click against the two wheeler insurance
• This will open a dialogue box which asks you to renew your policy
• Enter your vehicle registration number, policy expiry date, email ID and pay the premium through different payment mode given on the website

Bharti AXA Cashless Garages

In order to find a cashless garage that suits you best, you can go onto their website and select for cashless garage, put in your state, city and motor cycle name and they will suggest you the closest cashless garage. Bharti AXA has a network of 3800+ cashless garages under their belt to ensure hassle free claim settlement process for the policyholder.

Advantages Of Bharti AXA Two-Wheeler Insurance Policy

Bharti AXA allows you to have its services only one call away. Some of the benefits of Bharti AXA Two-Wheeler Insurance are:

• They have over 3800 cashless garages overall the country
• Offers No Claim bonus for every claim free year
• Can claim through the online mode for easy hassle-free claim settlement process
• Offers long term two-wheeler policy to save on premium

FAQ’s 

Q1- Does this policy provides No Claim Bonus?

Yes, for every claim free, the insured will be provided the No Claim Bonus which they can use to lower the premium for the following year. However, no claim bonus can only be availed at the time of renewal.