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  • Liberty Two Wheeler Insurance

    Two Wheeler Insurance
    • Get quotes from multiple insurers
    • Cashless garages available
    • Buy/renew your policy online without hassles

    Two-wheelers are abundant on the roads in our country and the chances of accidents are high. In many cases, people involved in an accident and liable to pay for damages claim they are from low backgrounds and cannot afford it. So the Government of India made it mandatory to have a basic third-party liability policy on all two-wheeler vehicles. Liberty Videocon offers two package policies with different tenures.

    Policy Period 1 year Multi-year
    Policy Types Package policy Package policy
    Policy Coverage
    • Loss or damage to own vehicle due to natural calamities
    • Loss or damage to own vehicle due to manmade calamities
    • Personal accident cover
    • Third-party liability
    Exclusions
    • Consequential loss
    • Loss incurred outside the geographical area
    • Claims arising from contractual liability
    • Normal wear and tear
    • Invalid driving licence
    • Use of vehicle for purposes other than limitations of use
    • Loss or damage due to war or nuclear related events
    • Damages covered under manufacturer’s warranty or recall
    • Riding under the influence of alcohol or drugs
    Renewal frequency Annual End of policy term
    Available Add ons
    • Damage to electrical and nonelectrical parts
    • Personal accident cover to pillion rider
    • Damage to electrical and nonelectrical parts
    • Personal accident cover to pillion rider
    No Claim Benefit Applicable for every claim-free year Applicable for every claim-free year
    No Claim Benefit after Claim Not specified Not specified
    Zero Depreciation Cover NA NA
    Refund Facility If the policy is cancelled at the request of the insured, no refund of premium is applicable If the company cancels the policy by sending 7 days notice, then the premium minus any pro rata portion will be refunded
    Policy Expiration If your policy expires, the NCB is affected negatively, third-party liability cover ceases, and cost of repairing your vehicle increases
    Network Garage Over 900 network garages across the country

    Reasons to Choose Liberty Videocon Two-Wheeler Insurance

    When you opt for a two-wheeler insurance policy from Liberty Videocon, you stand to benefit from a number of value-added features.

    Hassle-free inspections

    Liberty Videocon provides hassle-free inspections with high service standards.

    Renewal discounts

    Get discounts when you renew your two-wheeler insurance policy with Liberty Videocon.

    Lost key assistance

    In the event that you lose your bike key, Liberty Videocon will provide assistance in getting a duplicate one.

    Quick claim settlement

    Liberty Videocon assures customers that claims on two-wheeler insurance policies will be settled within 7 working days.

    Telephonic support

    Get support from the customer care service anytime and anywhere through the toll-free hotline. For claims assistance, the customer care is available every day between 8:00 a.m. and 8:00 p.m.

    Predefined depreciation

    Enjoy predefined depreciation values on your vehicle parts to ensure efficient replacement in case of damages incurred due to an accident.

    Vehicle relocation

    Liberty Videocon will provide assistance in relocating your two-wheeler to a garage in case of any major breakdown.

    Bike Insurance Plans Offered by Liberty Videocon

    There are two plans on offer from Liberty Videocon that cater to customers who need a two-wheeler insurance plan.

    Multi-year two wheeler package policy

    With this plan, you can choose a tenure of 2 or 3 years. You only need to make one single premium payment to avail cover for the entire term of the policy. With this plan, you can benefit from protection against rising premiums for third-party cover. In case you don’t make a claim through the tenure of the plan, you will be entitled to receive a no-claim bonus.

    One-year two wheeler package policy

    This plan is valid for one year and will provide comprehensive cover against own damages and third party liabilities. The plan is also eligible for no-claim bonuses for every claim-free year. If the IRDAI increases third-party premiums, then the premium for this plan will increase upon renewal.

    Coverage Offered under Liberty Videocon Two Wheeler Insurance

    • Loss or damage to own vehicle due to natural calamities

    If your vehicle is damaged or lost completely due to natural events, the insurance plan will pay out a benefit to cover expenses or losses. The natural calamities covered include self-ignition or lightning, fire, explosion, flood, typhoon, earthquake, storm, hurricane, tempest, inundation, hailstorm, cyclone, frost, landslide and rockslide.

    • Loss or damage to own vehicle due to manmade calamities

    The two-wheeler insurance policy will also cover certain manmade disasters. These include theft, burglary, riot, strike, accident by external means, malicious act, terrorist activity, any damage in transit by air, rail, road, rail, inland waterway, lift, or elevator.

    • Personal accident cover

    The owner or driver will get an individual accident insurance cover for any injuries sustained while driving, travelling, mounting or dismounting the bike. The cover offered with this plan is Rs.1 lakh. Policyholders can also take additional cover for pillion riders and unnamed riders.

    • Third-party liability

    For any accidental damages caused to a third party, the insurance pays for any legal liabilities as per the provisions of the plan. The insurer will cover any expenses related to accidental death, permanent injury or damage to property of a third party. For damages to third-party property, the insurance cover is capped at Rs.1 lakh. For death caused to a third party, there is no limit on the insurance cover.

    Exclusions in Liberty Videocon Bike Insurance

    There are certain exclusions applicable under a two-wheeler insurance policy from Liberty Videocon. Under these particular circumstances, the insurer will not be liable to pay any benefits to the policyholder.

    • Loss or damages incurred outside the geographical area
    • Consequential loss
    • Claims arising from contractual liability
    • Normal wear and tear or breakdowns
    • Driving without a valid licence
    • Use of vehicle for purposes other than limitations of use
    • Loss or damage due to war or nuclear related events
    • Damages covered under manufacturer’s warranty or recall
    • Riding under the influence of alcohol or drugs

    Eligibility to Buy Liberty Videocon Two Wheeler Insurance Online:

    To avail a two-wheeler insurance policy, a few requirements need to be fulfilled by the vehicle owner. The eligibility criteria differs between companies, and also between purchase and renewal. There are certain aspects that any insurance company will check before handing out an insurance policy.

    • Registration - The bike needs to be registered with a Regional Transport Office (RTO) in the country.
    • Driver details - The person availing the policy should be of legal age to ride and have a valid license.
    • Modifications - Modifications made to the vehicle might result in insurance companies being reluctant to provide insurance cover.
    • Fitness certificate - The vehicle might need a fitness certificate, especially if it’s an old bike.
    • Payment - Depending on the plan chosen, a premium amount will have to be paid to avail the policy.
    • Inspection - Depending on the vehicle, an inspection by a representative of Liberty Videocon might be required.

    Steps to Buy Liberty Videocon Bike Insurance Policy Online:

    You can buy a two-wheeler insurance policy from Liberty Videocon easily online.

    • Log on to the Liberty Videocon official website and opt for “Two Wheeler”.
    • Click on “Buy Online”.
    • Enter the information required about your bike and yourself.
    • You will then receive a quote of the estimated premium.
    • If you agree with the premium rate, you can go ahead and make the payment.
    • Once the payment is made, your policy will be issued.

    How to make a Claim from Liberty Videocon General Insurance

    If you need to make a claim on your two-wheeler insurance policy, you can follow the steps below:

    • Register your claim with Liberty Videocon online or via customer care, or at a branch.
    • A representative will contact you for the required information.
    • You can seek assistance from the representative as to whether to move the vehicle to a garage or to wait for the surveyor.
    • A surveyor will be sent within 24 hours within city limits and within 48 hours outside city limits.
    • Submit your documents to the insurer for verification.
    • The insurance provider will verify your claim, and if approved, will settle the claim.

    If you are eligible for cashless claims, you need to get your vehicle repaired at a network garage. The garage and the insurance provider will deal with each other directly. You will not be required to pay for any repairs up to the extent that the policy covers. Liberty Videocon will settle the bill with the garage. A list of network garages can be found on the Liberty Videocon website.

    Renew Liberty Videocon Two Wheeler Insurance Online in a Few Simple Steps

    When you renew your policy on time, the process is hassle-free and much simpler. Once the policy expires, renewal might require additional inspections and other information before the insurer is satisfied to give you a policy. You can renew your policy online in a few simple steps.

    • Log on to the Liberty Videocon official website and opt for “Two Wheeler”.
    • Click on “Renew LVGI Policy”.
    • Enter your LVGI Policy number.
    • Enter either your registration number, engine number or chassis number. Enter “new” if you vehicle was a new one last year.
    • Click on “Submit”.
    • You will then receive a quote of the estimated premium.
    • If you agree with the premium rate, you can go ahead and make the payment.
    • Once the payment is made, your policy will be issued.

    Why Deductible is important in a Liberty Videocon Bike Insurance Plan:

    When you take an insurance plan, the insurer might give you an option to choose your deductibles. Deductibles are simply the amount you are willing to pay if anything were to happen to your vehicle. The insurer will pay the rest. For example, if you opt for a 10% deductible, then you will be liable to pay for 10% of the damages caused to your vehicle or a third party. The insurer will only pay 90% of the cost, to the extent of the sum assured.

    • A higher deductible will lower your premiums, but this will also mean that in case of an accident, you will be liable to pay a higher amount.
    • Choosing a lower deductible will increase your premiums, but at the time of claiming insurance, Liberty Videocon will pay a higher amount.

    What to do if your Liberty Videocon Two Wheeler Insurance Plan Expires

    If you have missed the renewal date and your policy has lapsed, there are a few things you can do to remedy the situation. If your insurance policy expires, it is not legal to ride on Indian roads as per the prevailing motor laws. If something were to happen, you could end up paying high costs in damages to your own vehicle and to third-parties involved, including any damages to surrounding property. If you are riding with an expired insurance policy, it is punishable by law and you will be liable to pay a fine if you are caught. To be safeguarded against these expenses, it is advisable to renew your policy on time and always have a valid insurance plan for your two-wheeler. Furthermore,

    • Contact Liberty Videocon as soon as possible and seek advice as to how to go about renewing your policy. There might be a grace period or a reinstatement period within which you can renew your policy without much hassle.
    • You can log on to the Liberty Videocon official website and opt to renew your policy through the process mentioned above.
    • If you are not given this option, you can simply purchase a new policy.
    • Insurance providers generally require an inspection of the vehicle before they can renew a lapsed policy.
    • You will need to pay the premium to renew the policy. Please note that if the insurer finds good reason, they can increase your premiums payable.

    Liberty Videocon Two Wheeler Insurance Customer Care Service:

    Liberty Videocon provides a customer care service round the clock to address any grievances, claim settlements, queries and complaints that customers might have.

    • Toll-free - 1800-266-5844
    • Fax - 022 6700 1606
    • Boardline - 022 6700 1313
    • Send in an email to care@libertyvideocon.com
    • You can also write to the customer support through the official website.
    • You can request for a call back from the customer support on the official website.
    • You can send your query via post to the following address:

    Liberty Videocon General Insurance Co. Ltd.

    10th floor, Tower A,

    Peninsula Business Park,

    Ganpatrao Kadam Marg,

    Lower Parel, Mumbai - 400 013

    Liberty Videocon Two Wheeler Insurance FAQs

    1. What is passenger assist cover?
    2. This cover offers the insured person assistance in case medical transport is needed, and an allowance to take care of hospital and medical expenses.

    3. What are the documents required for renewal of my two-wheeler insurance?
    4. You need your previous insurance copy and the registration certificate of the vehicle.

    5. Will I get a discount on premium if I have an anti-theft device installed on my vehicle?
    6. It is not common for anti-theft devices to be installed on two-wheelers. However, yes, Liberty Videocon offers discounts for the installation of anti-theft devices.

    7. What is a No Claim Bonus?
    8. During the policy term, if you do not make any claims, you will be entitled to a No-Claim Bonus. This bonus is given in the form of a discount on premiums. So if you have not claimed insurance, then when you renew your policy, your premium amount will be lesser. NCB accumulated by one person cannot be transferred to another person.

    9. What is depreciation cover?
    10. This cover provides the insured with the benefit of full financial protection in case of replacement of parts without taking into consideration any deductions for depreciation of their value.

    11. What is Insured Declared Value? Is it important?
    12. The Insured Declared Value or IDV is basically the market value of your vehicle. When you purchase an insurance policy, the insurer will take into consideration the prevailing market value and then decide on the sum insured. IDV is important because if you choose a sum higher than the market value, you might end up paying higher premiums for no reason. If you choose a lower IDV, then your premiums come down but so will your insured amount.

    Two Wheeler Insurance Reviews

    • Liberty Videocon Two Wheeler Insurance
      " A perfect insurance "
      0.5 4.0/5 "Great!"
      I had applied and got a two wheeler insurance from the LIBERTY VIDEOCON GENERAL INSURANCE. I am little bit satisfied they wouldn't send my Policy Hard copy document to my registered communication address. Otherwise the customer service is good and well responsive. Its an affordable policy which I had ever taken.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 17, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Best Service"
      0.5 4.5/5 "Excellent!"
      One of my colleague have recommended this Liberty Videocon insurance company, hence I took two wheeler policy. My premium was around Rs.1273 however the IDV value is best. I have insured my Honda Activa bike. But I have not referred about the benefits which is there in the policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Good in the Market"
      0.5 4.0/5 "Great!"
      I would say Liberty Videocon premium is low, my bike insurance policy cost was around Rs. 1600 for the tenure of one year. The plan name which I taken is called two wheeler package plan. For my Royal Enfield bike they gave me good IDV Value with good benefits.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 18, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Good Premium"
      0.5 4.0/5 "Great!"
      The policy cost is less in Liberty Videocon, when it compared with other insurance companies, I paid the premium around Rs.1200 for the tenure of one year. They gave me policy cover value around Rs.45,000 for Honda Activa bike. I got the policy copy on time but I didn't go through about the benefits.
      Was this review helpful? 0
      , kharagpur
      Reviewed on Jan 18, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Better Cover"
      0.5 5.0/5 "Blown Away!"
      My friend have suggested Liberty videcon, I am not sure about the full coverage of my bike. However I took two wheeler insurance from them, by paying the premium around Rs. 1300 for one year. I taken two wheeler package they gave me the IDV value around Rs. 20,000. Its better as per the market. Now I have Hero Honda splendor bike with full coverage.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      Liberty Videocon has less premium for the two wheeler insurance. I paid the amount around Rs. 1200 of premium for the policy of one year. I took two wheeler package for my Maestro bike. They are providing third party cover with accidental cover with best IDV value in the market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Satisfactory"
      0.5 4.0/5 "Great!"
      It was a good process at Liberty Videocon, I have taken my two wheeler insurance from them. I did not go through the benefits in detail, I have taken it because it is mandatory to have a insurance. The premium is also a reasonable rate. In all I got the insurance with ease.
      Was this review helpful? 0
      , anantapur
      Reviewed on Jan 17, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Its a Good Policy"
      0.5 5.0/5 "Blown Away!"
      Previously also I used Liberty Videocon, there is no issue in term of claim process. Recently I paid the premium around Rs.1400, they gave me the IDV value around Rs.23,400. I took TWO WHEELER PACKAGE POLICY, as per IRDAI norms they are providing all the coverage but I am not sure about the road side assistance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 15, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Premium should be economical"
      0.5 4.0/5 "Great!"
      When I thought to go for the renewal with my old insurance provider that was from Liberty Videocon. I felt the premium was high around Rs.2,300. I was getting the the same benefits from Reliance. It would be great if Liberty Videocon premium is economic.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 15, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Good rates"
      0.5 5.0/5 "Blown Away!"
      I have taken my two wheeler insurance from Liberty Videocon and the process was easy. I got my papers on time. The services are good. The benefits are also good and the policy coverage is okay. The main factor I considered taking the policy from them is because of the good rates.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 13, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      The two wheeler insurance was with Liberty Videocon earlier. The customer services are good and though there was no claim experience. The process to get the policy was good. They also had a good IDV and the premiums was a reasonable. Good overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Good. Can do better"
      0.5 5.0/5 "Blown Away!"
      My two wheeler insurance is from Liberty Videocon. I have taken a two wheeler package policy. The modal is Honda CB Shine Self-Drum-Alloy 125 CC. The premium is around 1100. There are benefits of a third party cover. But the drawback is that they have not sent me the hard copy and I was told that the soft copy is enough for a claim.
      Was this review helpful? 0
      , jajpur
      Reviewed on Jan 10, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Overall good"
      0.5 4.0/5 "Great!"
      Liberty Videocon is overall good and the customer services are satisfactory. It was a simple process to get the policy through. I have taken a two wheeler package for the Royal Enfield Thunderbird. There are benefits of a good IDV and there is a third party nominee as well.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jan 04, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Overall good"
      0.5 4.0/5 "Great!"
      I have taken my two wheeler insurance from Liberty videocon. It is a two wheeler package policy. The IDV is good and the premium is nominal. The customer services are good. There are good benefits as well. Overall it was a smooth experience to get my policy through.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 04, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Overall good"
      0.5 4.0/5 "Great!"
      I have taken a two wheeler insurance from Liberty videocon. The name of my plan is two wheeler package policy. The Modal is Yamaha YZF R15 S STANDARD 150 CC. The premium is economical and the IDV is good. The other benefits and features are good. The main factor is the hard copy which I have not received yet.
      Was this review helpful? 0
      , mysore
      Reviewed on Jan 04, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Good overall"
      0.5 4.5/5 "Excellent!"
      Liberty Videocon offered me a good IDV on my two wheeler insurance. The customer services are good. It was a easy process to get my policy. I have taken a two wheeler package plan and the premium is pretty much nominal. I have not checked in depth for the benefits. I have taken it because I needed one.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 04, 2018
    • Liberty Videocon Two Wheeler Insurance
      "Good overall"
      0.5 4.0/5 "Great!"
      I have renewed my two wheeler insurance from Liberty Videocon. The IDV seemed good to me. The premium is also economical. The customer services are good and the process was also smooth and easy. I did not go in to detail to check the other features.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 04, 2018
    • Liberty Videocon Two Wheeler Insurance
      "IDV value is better"
      0.5 4.0/5 "Great!"
      The major factor to chose Liberty Videocon is about the IDV value is more than other insurance provider. I have paid the premium around Rs.1116 for my two wheeler insurance. I have insured Honda Activa 3G 109 CC bike, it has the tenure of one year and I hope they do have no claim bonus feature but I am not sure about the third party damage cover. Everything is fine but at the time of purchasing this policy, I requested for the Liberty Videocon address at Bangalore. I have not receive it, however I got my soft copy of my policy I could find the address over there.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 03, 2018
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