Introduction on HDFC ERGO Two wheeler Insurance
HDFC ERGO General Insurance Company is a joint venture between HDFC Limited of India and the Munich based ERGO International AG. HDFC Limited holds 74% equity in this joint venture while the remainder 26% is held by Ergo International AG.
HDFC ERGO Two wheeler insurance is a financial safeguard for a large variety of situations. Two wheeler insurance becomes one of the most important purchases you’ll make. HDFC ERGO Two wheeler insurance take care of all damages caused due to natural disaster such as an earthquake or flood; or somebody damages or steals your Two wheeler. HDFC ERGO Two wheeler insurance offers compulsory factors such as third party liability, you can ensure that any damage done to another person’s property by your vehicle will be covered in a claim. Two wheeler insurance is must for everyone who owns the vehicle. No matter how safely you think you ride, buying two wheeler insurance is an absolute necessity for everyone.
Key benefits and features of HDFC ERGO Two Wheeler insurance
- Cashless claim service over 1600+ authorized network of garages across India.
- No claim bonus is available.
- Superior service levels and Standardized processes.
- Recognized as one of the fastest claims settling Insurance Companies among private insurers.
- Comprehensive support through our dedicated customer support team.
- No lengthy procedures.
- Instant Online Policy.
- Online renewal process of policy is available.
HDFC ERGO Two wheeler insurance policy Premium package would depend on:
- Sum Insured / Insured’s Declared Value (IDV).
- Type of vehicle.
- Age of the vehicle.
- Place of Registration.
- Fuel type.
Choose a variety of optional covers on payment of additional premium, as listed below:
- Personal Accident cover for owner driver.
- Personal Accident cover for Named / Unnamed Passengers.
- Personal Accident cover for Unnamed Pillion Passengers.
Factors covered under HDFC ERGO Two wheeler Insurance
Loss or Damage to the vehicle Insured:
Loss or damage to your vehicle caused by any one of the following events.
- Accident by external means.
- Burglary, House Breaking or Theft.
- Fire, Explosion, Self Ignition, Lightning.
- Terrorism, Riots, Strikes, Malicious Acts.
- Transit by road, rail, inland waterways, air or lift.
- Earthquake, Flood, Storm, Landslide or Rockslide.
Liability To Third Parties
- The two-wheeler insurance policy would also cover your legal liability arising out of an Injury / Death of a third-party and Property Damage of a third-party in case of an accident involving your vehicle.
Personal Accident Cover For Owner – Driver
- The two-wheeler insurance policy also provides for a mandatory Personal Accident Cover For Owner Driver for an amount of Rs. 1 Lac Covering Accidental Death and Permanent Total Disability.
Calculation of Depreciation levels under HDFC ERGO Two wheeler Insurance
Subject to a deduction for depreciation, the rates are mentioned below in respect of parts replaced :
- For all rubber/ nylon / plastic parts, tyres and tubes, batteries and air bags – 50%
- For fiberglass components – 30%
- For all parts made of glass – NIL
- Rate of depreciation for all other parts including wooden parts will be as per the following schedule.
| Age of the Vehicle | % Of Depreciation |
| Not exceeding 6 months | Nil |
| Exceeding 6 months but not exceeding 1 year | 5% |
| Exceeding 1 year but not exceeding 2 years | 10% |
| Exceeding 2 years but not exceeding 3 years | 15% |
| Exceeding 3 years but not exceeding 4 years | 25% |
| Exceeding 4 years but not exceeding 5 years | 35% |
| Exceeding 5 years but not exceeding 10 years | 40% |
| Exceeding 10 years | 50% |
Sum Insured calculation under HDFC ERGO Two wheeler Insurance
The Insured’s Declared Value (IDV) of the vehicle will be considered as the ‘Sum Insured,’ fixed at the commencement of each policy period for the insured vehicle.
| Age of the Vehicle | % Of Depreciation for fixing IDV |
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
Factors not covered under HDFC ERGO Two wheeler Insurance
- General Ageing, wear and tear.
- Damage by a person driving without a valid driving license.
- Mechanical or Electrical breakdown, failure.
- Damage by a person driving under the influence of Liquor / Alcohol / Drugs.
- Depreciation, any consequential loss.
- Loss/Damage attributable to War / Mutiny / Nuclear Risks.
- Damage to tyres and tubes unless the vehicle is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement.
- Loss / Damage, outside India.
Documents Required to buy HDFC ERGO Two Wheeler insurance policy
- Duly filled and signed claim form
- Driving license
- Registration book copy
- Copy of insurance certificate
- Load Challan
- Route permit
- Fitness certificate
- Tax paid receipt.
Claim Procedure for HDFC ERGO Two Wheeler Insurance Policy
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Documents Required for claim in HDFC ERGO Two Wheeler insurance policy
In case of accident to the insured vehicle
- Duly filled and signed claim form and satisfaction voucher.
- Registration certificate (RC).
- Driving license of the person driving at the time of accident.
- Original repair estimate, repair invoice.
- Payment receipt for non cashless claims.
- Original repair invoice for cashless claims.
- AML documents for amount more than 1 lac
- PAN Card.
- 2 Passport size photos.
- Residence proof.
- Form no 35 and original NOC from financier.
- A copy of FIR is required in case of third-party injury/death/property damage.
In case of theft
- Duly filled and signed claim form and satisfaction voucher.
- Original Registration certificate (RC).
- Original Policy copy.
- Copy of FIR.
- All original keys and vehicle invoice copy.
- No trace report confirming that the stolen vehicle is not traceable.
- Form 26,28,29,30,35 duly signed by RTO transfer papers.
- AML documents for amount more than 1 lac.
- PAN Card.
- 2 Passport size photos.
- Residence proof.
HDFC ERGO Two Wheeler insurance policy renewal procedure
- Visit www.hdfcergo.com to renew instantly online.
- SMS “RENEW <Policy No” to 9999700700.
- Visit HDFC ERGO nearest branch/ agent.
- Send a copy of the renewal notice along with premium cheque to HDFC ERGO branch/corporate office.
- Call our toll-free number 18002700700.
HDFC ERGO Two Wheeler Insurance renewal online
- Visit www.hdfcergo.com to renew instantly online.
- Provide the details required.
- Pay the premium amount through online.
- Proceed to renew the policy.
HDFC ERGO Two wheeler Insurance policy Premium Calculator
Through HDFC ERGO Two Wheeler Insurance premium Calculator we can calculate the annual premium based on depreciation value and IDV value given. HDFC ERGO Two Wheeler Insurance Calculator gives you approx amount to be paid during buying new policy and renewing the old policy depending upon the details you have given.
FAQs on HDFC ERGO Two Wheeler Insurance Policy
1. How is the Premium calculated?
Ans. The premium is calculated based on the Make/Model of your vehicle, its Age, Place of Registration, Fuel Type and Insured Declared Value (IDV).
2. Can I pay the premium for my Auto Insurance in Instalments?
Ans. No, the law (Insurance Act, 1938) does not permit us to accept your auto Insurance premiums in instalments.
3. During the policy period if I add accessories like music system in my vehicle are they also covered?
Ans. Yes, they will be, as long as you make a written request to us, with a description of the accessories along with their value. You may also have to pay an additional premium.
4. What are the different types of personal accident covers available for drivers and passengers?
Ans. Personal Accident Cover for owner-driver is provided up to Rs. 2 lacs (for cars)/Rs. 1 lac (for two-wheelers). This cover can also be extended to paid drivers and persons travelling in the vehicle, on a named as well as unnamed basis.