What is Bike Insurance?

When it is just you and your bike, the possibilities are endless. You have amazing moments but also some bad ones.

That’s why Future Generali’s Future Secure Two Wheeler Policy is essential to protect you when the times are rough. Invest in bike insurance to safeguard your memorable journeys. Our insurance covers your bike for damages and you from any financial losses.

Why buy Bike Insurance

You should buy a bike insurance cover because it offers financial protection against

Any loss or injury of the driver or the passenger

Your bike is stolen or you get in an accident

Any damage caused to your vehicle by a natural disaster

Any third-part damages and liabilities

What is in for you?

THERE ARE ADDITIONAL BENEFITS FOR YOU!

Instant policy issuance and renewal
Add-on benefits and discounts
24*7 Roadside assistance
Towing assistance (for accidents)
94% claim-settlement ratio
Hassle-free claim process
3500+ partner workshops across India for cashless claims
Future Xpress and Xpress+ for personalized service and faster claim settlements

Features

Roadside Assistance

Stranded on the road or met with an accident? Why should such mishaps stop you? Our Roadside Assistance is at your service 24x7.

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Future Xpress & Xpress+

A simplified process to offer you a more personalised service at the same time smooth and speedy claims settlement.

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What is covered?

INCLUSIONS

Bike Damages

If your bike has suffered damages due to an accident or theft, don’t worry! Our insurance will compensate for all losses.
Personal Accident

Accidents can never be predicted. Therefore, our insurance provides accident cover up to Rs. 15 lakhs.
Third-Party Liability

Sometimes, it’s not you who has to suffer the consequences. Stay protected in such situations with our bike insurance’s third-party liability cover. It compensates for the damages against property, bodily injury, or death to a third party.
Additional Legal Liabilities
- Paid driver/conductor/cleaner employed in operation of the bike.
- Employees travelling in/driving the bike other than paid driver.
- Non-fare paying passengers.

Other Benefits

Zero Depreciation

Works like anti-ageing. We forget your bike is old and depreciated and offer you full claim value
Loss of Personal Belongings

Don’t lose hope. You can always take a new phone, laptop, etc. with the benefit we offer you
No Claim Bonus

We allow you to have an NCB advantage at the time of renewal, even if you claim in the previous year
Return on Invoice

We even stand with you when your bike becomes a total loss after damage. We pay you the difference in the insurance value and invoice price of the bike

What is not covered?

EXCLUSIONS

Normal wear, tear and general ageing of the vehicle
Any damage to / by a person driving the vehicle without a valid license
Loss or damage due to war, mutiny or nuclear risk
Any accident outside the geographical area
Any damage to / by a person driving the vehicle under the influence of drugs or liquor

How Can I Purchase
Future Generali Bike Insurance?

1
Simply provide us a few details

All you need to do is give us the following for a quote:

Registration number

Bike make and model

Year of manufacture
2
Review your quote
Select a quote that suits you and fill our proposal form.
3
Pay and get your policy
Now pay the premium and get your policy in your inbox!

What happens after purchase?

Once you secure the insurance cover, you get a financial assurance for all your bike needs. You also get documents for your better understanding and convenience.

Policy Schedule You will receive the policy schedule. It is an outline of the cover which is provided by the purchased policy. Details of the policyholder, coverage amount, additional clauses, exclusions, warranties etc will be given in this policy.
Premiums Receipt You will receive the receipt of the premium amount you have paid to purchase this policy.
Policy Coverage and Terms & Conditions This is a comprehensive document which lists down the coverage offered by the policy along with terms and conditions. It is better to read this thoroughly and highlight important points. In case of any discrepancy or doubt, do get in touch with us immediately.
Endorsement form In case, you wish to make any changes to your policy document, fill in the service request form and submit it to the nearest branch.
Claim form You can intimate your claim online or submit the form to your nearest branch or alternatively email it to us.
Complaint/feedback form Should you have any complaints/feedback, you can fill in the form and submit it to the nearest branch or email us.
Grievance Redressal In case you aren’t satisfied with the resolution provided by us to your complaint, then you can approach the Insurance Ombudsman. This form will have details about the procedure to approach the insurance ombudsman along with the addresses of the ombudsman.

What is the claim process?

We treat our customers like VIPs and so our claim process is short and swift.

1

Contact Us
Fill an online form or call us at our toll-free number 1800-220-233
2

Inspection
Our surveyor will inspect your vehicle
3

Documents
Provide requested documents by the surveyor
4

Approved Amount
Approved claim amount will be communicated to the workshop
5

Direct Payment
Payment will be directly made to FG workshop

FAQs – Frequently asked questions

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Are there any deductions that I need to be aware during settlement of my claim?

Yes,you have to contribute a minimum amount towards own damage claims which is known as Deductible-e.g.Rs.1000 for each claim for car with cubic capacity up to 1500 CC will have to be borne by you.In addition,replaced parts are subject to the depreciation scale(Refer Policy Wordings for the scale of depreciation applied for various parts)in the claim assessment. For e.g.50% depreciation is applied on all the plastic parts.

Note:depreciation waiver cover can be separately opted. Zero depreciation add on cover is provided by Future Generali for vehicles up to the age 5 years.

Can the paid driver of the car also be insured under the same policy?

Yes,it is possible to insure the paid driver(Legal Liability to Employees)under provisions of Workmen’s Compensation Act as amended.This cover is available on payment of a nominal premium amount.

Can the Owner of the car also be insured under the same policy?

Yes,it is compulsory to insure the Registered Owner of the vehicle against risk of Personal Accident only if he/she holds a valid driving license.This cover is available on payment of a nominal premium amount.

Can the occupants/passengers travelling in my car be insured?

Yes,they may be insured against risk of Personal Accident for a sum not exceeding Rs.2 lakhs per passenger by paying an additional nominal premium.

Can I transfer existing No Claim bonus on sale of my old car to my new car?

No Claim Bonus is allowed to the Insured and not to the insured car.Hence,on sale of the car,the insurance policy can be transferred to the new owner but not the No Claim Bonus.The new owner has to pay the difference on account of No Claim Bonus for the balance policy period.The original owner can,however,use the No Claim Bonus from his old car(the one he has sold)to a new car purchased by him.For this he has to apply to the existing insurance company and get the No Claim Bonus reserving letter

What is Own Damage and what is Third Party Liability?

Motor Own Damage Insurance is a form of insurance to help you in the event of damage to your car in an accident.Motor Own Damage Insurance covers a wide variety of cases,from broken windows to theft or damages arising out of an accident.

Motor third-party insurance cover,which is also referred to as the‘act only’cover,is a statutory requirement under the Motor Vehicles Act,1988.It is referred to as a‘third-party’cover since the beneficiary of the policy is someone other than the two parties involved in the contract(the car owner and the insurance company).The policy does not provide any benefit to you.However,it covers any legal liability that you may incur due to death/disability of third-party and/or loss or damage to the third-party property while using the car.

Will Future Generali settle all my claims directly?

For the Own Damage Claims Yes,you can opt for a cashless claim settlement if you approach our Future Generali Convenient Workshops for repairs to your car.In case you get your car repaired in a non-network workshop,Claims will be directly settled to you upon submission of all required documents with 7 working days.

Third Party claims are awarded by Motor Accident Claims Tribunals as per provisions of Motor Vehicles Act 1988 and settled by Future Generali.

Why do I need Car Insurance policy,is it compulsory?

Insuring your car against the risks of Third Party liability is mandatory as per Motor Vehicles Act 1988.Most private car owners however prefer comprehensive or package policy covering the risks of loss or damage to the car-Own Damage in addition to the Third Party Liability Risk.