Raheja QBE Two-Wheeler Insurance

An overview:

Raheja QBE General Insurance Company was established in Mumbai in 2007. It is a collaboration between Australia’s QBE Insurance Group Limited and Rajan Raheja Group’s Prism Johnson Limited. The combination of Rajan Raheja Group’s experience and QBE’s expertise gained from operating in 45 countries worldwide is the reason for Raheja QBE’s success. Raheja QBE’s headquarters are in Mumbai, India. To provide its services for bike insurance and other products, the company has branches in Hyderabad, Chennai, Bengaluru, Delhi, Pune, and Ahmedabad. 

Raheja QBE was founded with the goal of becoming a market leader in insurance products. Raheja QBE’s values include integrity, teamwork, high achievement, service excellence, and the creation of shareholder wealth. The company aimed to be customers’, people’s, and investors’ first choice for bike insurance, car insurance, and a variety of other insurance products. By providing excellent service, they have managed to become a popular choice. Raheja QBE received A+ ratings from Standard and Poor’s Insurance Financial Strength rating, making this company a safe bet for everyone. 

List of best Raheja QBE bike Insurance:

They provide three basic types of insurance for two-wheelers. The first is that third-party insurance is required for all two-wheelers in India under the Motor Vehicles Act of 1988. Riders who are caught without it face a Rs 2,000 fine and/or imprisonment for up to three months. This insurance will cover third-party liabilities such as death, bodily injury, and property damage. A standalone own-damage cover is required to protect your two-wheeler. This policy is versatile because it provides compensation in a wide range of scenarios, including theft, vandalism, fires, car accidents, and natural and man-made disasters. The third type of insurance is a comprehensive plan, which includes third-party liabilities as well as own-damage costs in a single premium.  

If you wish to supplement the normal insurance policy’s coverage, you can buy add-ons. These are optional and come at an extra fee. You can choose and select those that are appropriate for your needs. When chosen wisely, add-ons can make a significant impact during claim settlement. 

Raheja QBE has been recognized for delivering insurance products that are tailored to the individual needs of its clients. Furthermore, their claim aid helpline is fast and beneficial. With own-damage coverage, the insurance provider additionally provides a no-claim incentive for each successive year of claim-free service. The NCB increases to 50% in the fifth year, which is also the highest incentive a policyholder may get. 

Third party two-wheeler insurance: 

The following are covered under the Raheja QBE third party bike insurance policy: 

Third-party property damage financial liabilities: A third-party bike insurance policy covers any third-party property damage caused by the insured’s bike. Third-party property damage is covered by the insurer up to Rs.1 lakh. 

Third-party bodily injury/death: The Raheja QBE third-party bike insurance policy compensates for any bodily injury, disability, or death caused by the insured’s bike. The amount of compensation, on the other hand, is determined by a court of law. 

Two-wheeler package policy:

The following aspects are covered by Raheja QBE comprehensive bike insurance: 

Third-party liabilities: In the event of a road mishap involving the insured’s bike, the insurer assists in dealing with the financial and legal obligations owed to the third party. The insurer will pay up to Rs. 1 lakh for third-party property or vehicle damage. The amount of compensation for any bodily injury, disability, or loss of life is determined by a court of law. 

Own damage caused by natural calamities: The insurer covers the insured’s bike damage caused by natural calamities such as floods, earthquakes, landslides, and so on. 

Own damage caused by natural calamities: The insurer covers the insured’s bike for damage caused by natural calamities such as floods, earthquakes, landslides, and so on. 

Own damage caused by man-made disasters: The Raheja QBE comprehensive bike insurance policy covers any damage to the insured’s bike caused by man-made disasters such as riots, strikes, fire, terrorist activities, and so on. 

Theft: The insurer will pay for the theft or burglary of the insured’s bike. 

Standalone Own-Damage Two-Wheeler policy: 

Raheja QBE standalone own-damage two-wheeler insurance policy covers the following aspects: 

  • Damage caused by a car accident on the road. 
  • Theft as a result of a fire or explosion. 
  • In the event that the two-wheeler is stolen or irreparably damaged. 
  • If the two-wheeler is damaged by a man-made or natural disaster. 

Raheja QBE bike Insurance Care Numbers / Contact details:

Aside from offering a variety of bike insurance products and services, Raheja QBE General Insurance also offers a variety of communication channels via which policyholders may easily contact the insurance business. The following are the contact information: 

Helpline Number (Toll-Free): 1800-102-7723 

Email: [email protected] 

Address: QBE Raheja General Insurance Ltd. 

Procter & Gamble Plaza, Cardinal Gracious Rd, Chakala, Andheri East, Mumbai, Maharashtra 400099, Ground Floor 

Features of Future Raheja QBE bike Insurance(h2) 

The primary features of the Raheja OBE two-wheeler insurance policy are as follows:  

  • The claim settlement process is straightforward and painless. 
  • The insurance policies may be purchased online with ease. 
  • A huge network of more than 1300 garages. 
  • Insurance products and services are customizable. 
  • Customer assistance is accessible around the clock, seven days a week. 
  • A variety of add-on covers are available, including Zero Depreciation Cover. 

Raheja QBE bike Insurance add-on Coverages: 

Add-on covers are additional coverage benefits that you can purchase in addition to your standard bike insurance policy for a modest charge. They give complete coverage, protecting you from major events. Different insurers may provide various add-on covers that may be acquired in addition to a standalone own-damage bike insurance policy or a comprehensive or bundled bike insurance policy. You are able to buy extra covers based on your budget and requirements. 

Raheja QBE provides certain popular add-on covers that are popular among consumers. To learn more about them, keep reading: 

Personal Accident Insurance for the Owner/Driver: Personal accident cover is an add-on plan that protects you against accidental death as well as permanent complete disablement for Rs. 15 lakhs. Individual owners of the vehicle can make use of the benefit if an unfortunate incident occurs while riding the bike. Also, keep in mind that this add-on protection does not apply to company-owned automobiles. It is only available if the individual owns the bike and has a valid driver’s license. 

Additional Legal Responsibilities: This add-on insurance protects you from additional legal liabilities for the paid driver/cleaner/conductor engaged in the vehicle’s operation, as well as for personnel other than the paid driver who rides in or drives the vehicle. 

Personal Accident Policy for Pillion Riders: This add-on cover provides personal accident coverage for identified or nameless passengers for up to Rs. 1 lakh, as well as paid drivers for up to Rs. 1 lakh. 

When acquiring bike insurance coverage, it is not required to include add-on features. However, purchasing them assures more coverage, providing you with a stress-free trip. 

Discounts offered by Raheja QBE bike Insurance:

Every insurance provider considers the degradation of the bike’s value over time. When a claim is settled, the depreciation costs are subtracted from the claim amount. This deduction may be avoided by purchasing the Zero Depreciation add-on in conjunction with a standalone own damage and comprehensive bike insurance policy. The Raheja QBE Zero Depreciation add-on guarantees that the firm will deliver the guaranteed sum regardless of the depreciation factor. 

The Raheja QBE Zero Depreciation insurance ensures that policyholders receive the highest claim amount. It entitles the insured to free repair and replacement of depreciable parts on his or her motorcycle at network garages. 

The following are the advantages of the Raheja QBE Zero Depreciation Add-on Cover: 

Greater claim: Because the insurer does not subtract any depreciation value, Zero Depreciation coverage guarantees a higher claim amount. Policyholders can get the highest claim amount by selecting for Zero depreciation cover, which comes with a minor premium increase. 

Money is saved: Raheja QBE Zero Depreciation add-on policy covers the cost of repairing and replacing depreciable parts on the insured’s bike. As a result, policyholders can save money that would otherwise be spent on depreciated elements of the insured’s bike. 

Exclusions of Raheja QBE bike Insurance:

  • Vehicle degradation due to ageing. 
  • Electrical/mechanical system failure. 
  • A two-wheeler being used for unlawful and policy-violating purposes. 
  • Damage caused by a rider on a motorbike or scooter who does not have a valid driver’s license. 
  • Damage caused by a person riding a bike or scooter while under the influence of alcohol or drugs. 
  • Vehicle loss or damage as a result of insurrection, conflict, or nuclear threat. 
  • Vehicle accessories stolen or lost as a consequence of a break-in, burglary, or theft (except if the vehicle is stolen). 

How to Claim for Raheja QBE bike Insurance: 

Through its bike insurance coverage, Raheja QBE General Insurance has offered policyholders financial security and comfort of mind. The Raheja QBE bike insurance coverage covers financial losses incurred as a result of an accident, theft or damage to the insured’s bike. 

Raheja QBE General Insurance has established an effective helpdesk service to address policyholder concerns. It walks policyholders through the whole claim settlement process to ensure a smooth experience. 

While filing a bike insurance claim, the following papers are required: 

  • Claim form duly completed and signed 
  • Copy of Registration Certificate that has been self-attested (RC) 
  • The driver’s license of the individual who was driving at the time of the accident 
  • Copy of policy papers. 
  • For non-cashless claims, the original repair estimate, repair invoice, and payment receipt are required. 
  • For cashless claims, the original repair invoice is required. 

Raheja QBE General Insurance has simplified the claim process, and policyholders may quickly complete it by following these easy steps: 

Step 1: Get in touch with Raheja QBE General Insurance. 

After a theft, accident, or damage to the insured’s bike, the insurer should be notified immediately. Raheja QBE General Insurance can be contacted in the following ways: 

  • Call 1800-102-7723, which is a toll-free number. 
  • Notify the loss by sending an email to [email protected]
  • Report a claim on its official website. 
  • Go to the nearest office. 

Step 2: File a Claim 

Following the notification, a representative from Raheja QBE General Insurance will contact you. You must furnish the representative with information on the claimable occurrence (accident). You are given a claim reference number by the representative. You should keep it for later. 

Step 3: Damages Assessment 

The insurance company will send a surveyor to assess the degree of the damage done to the bike during the collision. Submit to the surveyor the fully completed claim form, policy paperwork, and proofs. 

Step 4: Claim Resolution 

Following an assessment of all factors, the insurer assumes financial and legal duties and pays for all expenditures associated with the repair of the insured’s bike at the garage. The claim amount is computed after deducting the deductibles and depreciation. 

How to make a reimbursement claim: 

If you fail to take the insured’s bike to the network garage or choose to fix it elsewhere, you can file a refund claim. A reimbursement claim is filed in order to get money for repairing the bike. The following is the procedure for filing a refund claim: 

Step 1: Make contact with the insurer. 

To begin the reimbursement procedure, the policyholder must contact the firm via any of the ways listed above. 

The insurance should be notified within 24 hours of the insured’s bike being involved in an accident, stolen, or damaged. 

Step 2: File a Claim 

Following the notification, a corporate executive calls you. You must supply him with the following details: 

  • The policy numbers 
  • Accident location 
  • Details on the loss 

A claim registration number is created, which is used to identify your claim notification. The executive tells you where the nearest network garage is. However, before the survey, do not move the bike. 

Step 3: Assess the Damages Incurred 

Before the bike is shipped for repairs, the insurer sends a surveyor to inspect it. The surveyor creates a cost estimate for the repairs. You must submit the papers, together with a completed claim form and proof of ownership, to the surveyor. 

Step 4: Repair and reimbursement 

Once the surveyor has given his or her clearance, you may send the bike to the garage of your choice. To get payment, submit the repair invoices and receipts, along with the policy documentation, to the insurer when the repair is completed. The corporation verifies the information and then pays out the claim amount, taking into account any deductibles and depreciation. 

Raheja QBE bike insurance renewal:

QBE Raheja General Insurance Policy provides many sorts of bike insurance policies that are valid for a set period of time. After this period, the insurance must be renewed in order for you to continue receiving policy benefits. If you do not renew your insurance, you will forfeit any collected advantages, such as the No Claim Bonus (NCB). As a result, it is suggested that you renew your bike insurance coverage before it expires. Read on to find out more about the bike insurance renewal process: 

The following are the processes for renewing your Raheja QBE bike insurance policy: 

Step 1: Navigate to the official website. 

  • Go to the Raheja QBE official website and navigate to the bike insurance renewal page. 
  • Select the ‘Renew’ option. 

Step 2: Complete the policy information. 

  • Enter the policy data, such as the policy number, expiry date of the current bike insurance policy, and so on, as prompted. 
  • Proceed to the next stage in the policy modification process by selecting any add-ons you want to include in your policy as well as the policy tenure. 
  • To move to the next and final step of bike insurance policy renewal, fill out the additional data such as nominee and contact information. 

Step 3: Pay the Mandatory Premium Online 

Pay the premium in the amount shown on the screen. You may pay the premium using a variety of methods, including credit cards, debit cards, e-wallets, and so on. You will receive policy documentation by registered mail ID after paying the payment. 

If you are unable to renew your Raheja QBE bike insurance coverage online, you can do it offline. You can do so by visiting the local Raheja QBE branch or by calling the insurance company’s customer service representatives. 

FAQ’s for Raheja QBE bike Insurance:

I do not own a luxury bike; do I need to get insurance? 

Ans: According to the Indian Motor Tariff, every two-wheeler owner is required to carry Third Party Insurance. Furthermore, an insurance plan serves as a safety net against unanticipated financial responsibilities, which is vital for all two-wheeler owners, regardless of whether they own a luxury or a simple cycle. 

What all is covered under the Raheja QBE two-wheeler insurance policy? 

Ans: Raheja QBE provides several types of coverage in its two-wheeler insurance policies: 

Third-Party Insurance: The policy protects the policyholder against legal responsibilities caused by a third party.  

Comprehensive Insurance Policy: The comprehensive insurance policy covers damages to both the insured’s bike and third parties.  

Seahawks Own-Damage Policy: This policy solely covers damage caused by the insured’s vehicle. 

What is the policy tenure offered by Raheja QBE two-wheeler insurance? 

Ans: Raheja QBE Two-wheeler insurance plans are available in the following tenures: 

The short-term two bike insurance coverage has a one-year duration.  

Long-term two-wheeler insurance is available for a period of three to five years. 

Does Raheja QBE two-wheeler insurance offer No-claim Bonus? 

Ans: Yes, Raheja QBE two-wheeler insurance provides a No-claim Bonus to policyholders who have not filed a claim throughout the policy’s duration. They will also receive a discount on their own-damage premium when renewing their policy. 

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