Future Generali Two-Wheeler Insurance 

Future Generali India Insurance Company Ltd. is a joint venture between Future Group, a major Indian retailer, and Generally Group, a major Italian-based insurance company. Founded in 2007, the company combines the characteristics of the two founding companies with local experience and knowledge and global insurance expertise.  

Headed by founder and group CEO Kishore Biyani, Future Group is one of India’s leading commercial homes with stores throughout the retail space. Bombay headquarters. 

Bike Insurance Types offered by Future Generalli Insurance 

  • Third-party Insurance 
  • Comprehensive Insurance 

Third-party Insurance 

Future Generali General Insurance has been successful in protecting the people from the unfortunate events of life for many years. Future Generali Bike Insurance protects against damage or loss caused to a third party by the insured’s bike.  

 Future Generali General Insurance aims to provide policyholders with a better experience by digitizing the process. An active help desk also provides support. Generali’s future bike liability insurance covers the insured’s bike financial and legal obligations to third parties. 

Covering under Third-Party Insurance 

Compliance with Laws and Regulations: The most important benefit of having motorcycle liability insurance is to help you comply with the laws and regulations required when driving a motorcycle in India. If you find yourself driving a motorcycle without a third party, you will be fined.  

Personal injury to a third party: Personal injury to a third party, such as personal injury, disability, or death of a third party that may occur in a motorcycle accident, is subject to the policy. In such situations, compensation will be provided.   

Financial Assistance: This policy covers financial liability such as property damage to third parties that may occur in the event of an unexpected event. In such situations, compensation of up to 10,000 rupees may be provided. 

Comprehensive Insurance 

Comprehensive motorcycle insurance covers third-party liability and damage to the insured’s vehicle that may occur in the event of an accident or other unexpected event. This type of motorcycle insurance provides legal and financial support to policyholders even in difficult times. 

Covering under Comprehensive Insurance 

Responsibility to Third Parties: The insurance company covers the financial and legal obligations to the third party in the event that the insured’s bike causes damage, loss, or injury to the third party. The amount of compensation paid by the insurance company is decided by the court.  

Human injury from natural disasters: All damage to the insured’s bike due to natural disasters such as floods, earthquakes, and landslides is covered by Future Generali’s comprehensive bike insurance. Personal damage caused by man-made disasters: Damage to the insured’s bike due to man-made disasters such as riots, strikes, fires, and terrorist activities. The insurance company will pay for it.  

Theft: The insurance company will provide compensation in the event of the theft or intrusion of the insured’s bike. 

Add-on Cover’s in Future Generali Bike Insurance 

  • Personal Accident Covers Motorcycle accidents are dangerous to both riders and passengers. Accident insurance is indispensable because both are injured. It also describes the general or partial obstacles of fellow travellers.  

  • Zero Depreciation The usual policy is to pay depreciation for repair/replacement of plastic, fibre, rubber and glass parts at the time of billing. The advantage of using this add-on is that you do not have to amortize the cost of these parts. 

Things not covered in Future Generali’s Bike Insurance 

  • Normal wear and tear  

  • Drive without a valid driver’s license  
  • Intentionally did an accident 

  • Mechanical or electrical failure  

  • Damage due to contractual liability  

  • Damage during the war, nuclear risk or similar situation  

  • Driving under the influence of alcohol or addicts. 

Discounts offered by Future Generali Bike Insurance 

Mainly Future Generally Provides two types of discounts to their customers:  

  • Voluntary Discounts: If you choose to pay the minimum amount due at the time of claim settlement, you will receive a discount. 

  • No-claim Discounts: If you do not make any claims during the year, you will receive a 20% discount on the following year’s premium. It can go up to 50% if you go three years without filing a claim. 

Future Generali Bike Insurance Customer Care Numbers and Details  

Policyholders can contact Future Generali General Insurance’s support staff via any of the company’s communication channels if they need assistance or have questions about their bike insurance policies. Contact them using the information provided below, and they will be happy to assist you. 

  • You can dial to the toll-free number  

  • 1800 220 233 / 1860 500 3333 Or 022 67837800 (chargeable) 

  • You can email them at [email protected] 

  • You can also send to their whatsapp or SMS “keyword” at 9222211100 

  • Or you can go to the nearest branch for customer support

Importance of Bike Insurance 

Motorcycle insurance provides protection against property damage to the vehicle in the event of theft, natural or man-made disaster, and liability of a third party. It relieves car owners from a lot of worries and financial stress. However, choosing the right insurance is just as important as the decision to buy a motorcycle. Unfortunately, the majority of buyers are not fully aware of the details of Indian insurance plans. In most cases, premiums are a deciding factor when choosing an insurance plan. This limits the amount of protection you can receive in the event of an accident and can result in inadequate claims. 

Features of Future Generally Bike Insurance 

  • Third-party liability and comprehensive coverage are included in the policy. 

  • Protection against fire, theft, and accidents with own-damage insurance. 
  • Addresses personal injury and third-party liability when their property is harmed as a result of your bike/scooter/auto-cycle incidents. 
  • Natural calamities such as storms, cyclones, typhoons, earthquakes, hailstorms, inundation, or lighting, as well as human-made incidents such as riots or terrorist attacks, are compensated. 
  • Personal accident insurance of 15 lakh rupees is required. 
  • An agreement in which an additional premium is paid to cover increased legal liabilities. 
  • Transfer of NCB. 
  • Renewal reminders that are sent automatically. 

Future Generalli Bike Insurance Reviews 

Future Generali is a joint venture between the Future Group of India and Generali, a global insurance group, that offers two-wheeler, bike, and scooter insurance. It remains a preferred choice for those looking for stress-free journeys without breaking the bank, thanks to its broad coverage and streamlined claim settlement. 

Claiming Process of Future Generalli Bike Insurance 

Future Generali General Insurance is a well-known insurance firm with an exceptional claim settlement ratio of 88.69 percent for the 2019-2020 financial year. It has ensured that policyholders receive a quick and painless claim settlement. 

To aid its policyholders during claim settlement, Future Generali has designed a user-friendly website with active online chat and hotline numbers. Through the methods outlined below, policyholders can experience seamless online and offline claim settlement procedures. 

Online Process 

Step 1: Register the claim with Future Generali General Insurance. 

To begin the claim settlement process, the policyholder must notify the insurer as soon as possible after the incident, whether it be a theft, an accident, or any other damage to the bike. Future Generali General Insurance can be reached by calling 1800 220 233, 1860 500 33333, or 022 67837800. Within 24 hours of the tragic case of an accident, the call should be made. You can also text the word “MOTOR CLAIM” to the number 9222211100. Follow the procedures below to file a claim online: 

  • Go to the official webpage. 

  • Select “CLAIMS” from the drop-down menu. 

  • From the drop-down option, choose “Report a Motor Claim.” 

  • Fill in the needed fields and click “Submit” to open a new page. 

  • At the conclusion of the procedure, you will be given a claim registration number. If you contact or send a message to the insurer, a representative will call you back to ask for more information and provide you with the claim registration number. 

Step 2: Damages Assessment 

A corporate surveyor is dispatched to inspect the degree of the bike’s damage as a result of the collision. Provide the car registration number in the event of third-party property damage. You can even include contact information for any witnesses as proof. The surveyor calculates the cost of repairs and gathers the properly completed claim form, policy documentation, and incident evidence. The insured’s bike is transported to a network garage. 

Step 3: Settlement of Claims 

The surveyor provides his or her approval after considering all of the factors. The insurer acknowledges its financial and legal obligations and pays all costs associated with the insured’s bike’s repair at the garage. The claim amount is computed after deducting the deductibles and depreciation. 

How Do I File A Generali Reimbursement Bike Insurance Claim In The Future? 

Step 1: Contact the insurance company and file a claim. 

You can file a reimbursement claim by calling the insurer’s toll-free numbers at 1800 220 233, 1860 500 33333, or 022 67837800. Within 24 hours of the tragic case of an accident, the call should be made. You can also text the word “MOTOR CLAIM” to the number 9222211100. In both circumstances, the representative contacts you and gathers information about the accident or damage, as well as assigning you a claim registration number. Follow the procedures below to file a claim online. 

  • Go to the official webpage. 

  • Select “CLAIMS” from the drop-down menu. 

  • From the drop-down option, choose “Report a Motor Claim.” 

  • Fill in the needed fields and click “Submit” to open a new page. 

  • You will be given a claim registration number once you have submitted your claim. 

Step 2: Determine the Costs of the Damages 

It is not recommended that the bike be transferred to the garage before the surveyor arrives. The insurance company appoints a surveyor to examine the bike’s condition. The surveyor generates a cost estimate for repairs and gathers the proper documents, including a properly completed claim form, witness contact information, and pictures of the occurrence as verification. 

Step 3: Repair and Settlement 

The insured can send the bike to his preferred garage after receiving approval from the surveyor. To receive payment, submit the repair bills and receipts, as well as the policy paperwork, to the insurer. The corporation verifies the information before disbursing the claim amount, which includes any deductibles and depreciation. Future Generali settles the reimbursement claim within 7 days of receiving the final bills. 

Documents required for Claiming  

  • Completed and signed claim form 

  • Two-wheeler insurance policy paperwork, original/copies 

  • Copy of the Certificate of Registration (RC) 

  • a copy of your driver’s licence 

  • a copy of the FIR (First Information Report) 

  • Receipts for Taxes 

  • Estimation of repair costs 

  • Bills and receipts for repairs, as well as a ‘No Trace Report’ from the police for the insured two-wheeler. 

  • Completed and signed Forms 26, 28, 29, 30, and 35 

  • Original Certificate of Registration (RC) 

  • Regional Transport Office’s declaration of theft 

  • All keys, warranty cards, and service booklets 

Premium factors in Future Generalli Bike Insurance 

The premium for your Future Generali two-wheeler insurance policy is determined by the make/model, city, registration date, add-ons, and use of electrical or non-electrical accessories, among other factors. 

  1. The market value of your bike is known as the insured declared value, or IDV. It is the maximum amount for which you can be compensated if your bike is stolen or completely lost. As a result, the higher the IDV of your bike, the higher the premium you’ll have to pay because the insurer’s liability increases. 
  1. Anti-Theft Devices: Installing ARAI-approved anti-theft devices in your bike qualifies you for a discount on your own-damage premium. This is because these devices ensure the bike’s safety, which reduces the risk of theft and thus the insurer’s liability. 
  1. Modifications: Adding modifications to your bike can raise the premium because they may compromise the bike’s safety features, increasing the chances of it being stolen or being involved in an accident. As a result, adding more modifications to your bike will raise your insurance premium. 
  1. The number of add-ons is as follows: Additional benefits that you can purchase by paying a higher premium for your bike insurance policy are known as add-ons. Future Generali bike insurance policies include features like zero depreciation coverage, daily cash allowance coverage, engine protection coverage, and more. However, because add-on benefits raise your bike insurance premium, you must choose them carefully. 
  1. Cubic Capacity of the Engine: The higher the cubic capacity of your bike’s engine, the faster it can go, which increases the risk on the road. As a result, the insurer’s liability increases, and a higher premium is charged. 

Renewal Process 

Future Generali General Insurance is a cost-effective way to deal with life’s unexpected calamities. The policyholders of Future Generali bike insurance are protected from any harm caused by the insured’s bike. The Future Generali bike insurance coverage, on the other hand, has an expiration date. To continue receiving coverage, the policyholder should renew their policy on schedule. 

To provide policyholders with a better experience, the Future Generali bike insurance renewal process has been digitalized. There is also an offline renewal process in addition to the online one. The procedure for renewing a Future Generali bike insurance coverage is outlined below: 

Online Process 

On Future Generali’s digital platform, the renewal process for bike insurance may be completed in three simple steps. 

Step 1: Go to the official website and find the page for renewal. 

Visit the official website for more information. 

Find and click on ‘Renew’ in the top bar. 

On the pop-up window, click ‘Renew’ once more. 

Step two: Fill in the details of the policy. 

Fill in the policy number and expiration date of the existing insurance on the renewal page. Select the add-ons and tenure for the plan before moving on to the next phase of altering it. Fill out the “Nominee & Contact Details” section before moving on to the final phase of the process. 

Step three: Make a renewal payment. 

Payment is the last step. You can use your credit card, debit card, or net banking to make a payment online. Within a few hours of receiving your payment, the insurance documentation will be mailed to you. 

Offline Process 

Future Generali motorcycle insurance can be renewed over the phone by calling 1800-220-233 or 1860-500-3333. You can also go to a Future Generali Insurance branch near you. 

Importance of Renewal 

Although there are numerous advantages to purchasing two-wheeler insurance, simply purchasing two-wheeler insurance once will not solve the problem. Renewals of two-wheeler insurance on a yearly basis are also very important. If you choose long-term two-wheeler insurance, you won’t have to worry about renewal because your policy will last for a minimum of 2-3 years. However, if you fail to renew your policy, you may lose all of your coverage benefits immediately. As a result, it’s critical to renew your car insurance policy online as soon as possible in order to keep receiving coverage benefits. 

Frequently Asked Questions (FAQ) 

Q1. How many types of two-wheeler insurance policies does Future Generali provide? 

Ans- Future Generalli Bike Insurance provides two types of bike insurance policies: 

a. Third-party Insurance Policy 

b. Comprehensive Insurance Policy 

Q2. Does it provide add-on covers for two-wheelers? 

Ans- Yes, Future Generalli Bike Insurance provides add-on covers like: 

a) Zero Depreciation Cover 

b) Personal Accident Cover 

Q3. Why should I take my two-wheeler insurance policy from Future Generali India Insurance? 

Ans- There are several reasons to insure your two-wheeler with Future Generali India Insurance, including: 

a) Provides high-quality service to its clients. 

b) Customer service is available 24 hours a day, 7 days a week. 

c) Renewal reminder that is automated. 

d) In 7 working days, your claim will be settled. 

e) Roadside assistance is available 24 hours a day, 7 days a week. 

f) There are a lot of extra covers. 

Q4. How does the No Claim Bonus (NCB) offered by Future Generali General Insurance Co. Ltd. benefit policyholders? 

Ans- A No Claim Bonus is a reward (bonus) given by an insurer to an owner who does not file a claim during a policy year. Every claim-free term is accumulated, resulting in a significant discount on the policy’s renewal premium. 

Q5. Is it binding for me to buy a comprehensive two-wheeler insurance policy? 

Ans- No, it’s only up to you can always take any type of insurance whether it is Third-party or Comprehensive depending upon your budget and requirements.