Own Damage Bike Insurance

Third-Party Liabilities

A standalone Own Damage Bike Insurance only covers for losses to your own bike and won’t cover for third-party losses. Your third-party bike insurance will take care of the same.

Contributory Negligence

Any contributory negligence (e.g., damage due to driving a two-wheeler in a flood, which is not recommended as per the manufacturer’s driving manual) will not be covered.

Add-Ons Not Bought

Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.

Driving Without a Valid Licence or Licence Holder

If you're riding without a valid two-wheeler licence, or if you have a learner’s licence but no permanent licence holder riding pillion, you're considered to be driving illegally, and your Own Damage (OD) claim will be rejected.

Consequential Damages

Any damage which is not a direct result of the accident (e.g., after an accident, if the damaged two-wheeler is being used incorrectly and the engine gets damaged, it is considered as consequential damage and it will not be covered)

Driving Drunk

Your bike insurance won’t cover you in situations where you were riding drunk or without a valid two-wheeler licence.

Daily Conveyance Benefit

The add-on cover of daily conveyance benefit will ensure that you are compensated for your transportation cost during the period when two-wheeler is under repair subject to applicable time excess. A policyholder can be compensated in the form of fixed allowance per day or coupons from taxi operators from an amount equal to per day fixed allowance.

Engine & Gear-box Protection Cover

Do you know that the cost of replacing your engine is approximately 40% of its cost? In a standard two-wheeler insurance policy, only damages caused during the accident are covered. However, with the engine and gear-box protection add-on cover, you can specifically cover the life of your vehicle for any consequential damages caused post the accident.

Tyre Protect

The tyre protect add-on cover is offered only to vehicles fitted with run flat technology. As part of it, the cost of replacing damaged tyres with equivalent or near equivalent to the one being used in the vehicle, labour and wheel balancing charges can be reimbursed. However, claims made under the add-on cover is subject to conditions set forth under the vehicle insurance policy.

Consumable Cover

The add-on of consumable cover adds an additional shield to your two-wheeler. Covers the cost for all your bike’s nitty-gritties, such as the engine oils, screws, nuts and bolts, grease, etc., in the event of an accident.

Return to Invoice Cover

If you fall into a situation where your bike is stolen or damaged beyond repair, this add-on comes in handy. With return to invoice add-on, we will cover the costs of getting you the same, or similar bike, including the road tax and registration fees for the same

EV Shield Add-on Cover

This EV Shield add-on cover for electric two wheeler in India will protect you and your vehicle against any loss or damage to the electrical panel for the vehicle charging point, vehicle charger including charging cable, and offer roadside assistance services specific to EVs.

Zero Depreciation Cover

Think of it like an effective anti-aging cream for your bike and its parts. Usually, the required depreciation amount is always taken into account during claims. However, a zero-depreciation cover ensures no depreciation is taken into consideration, so you get the full value of the cost of repair/replacement during claims.

Breakdown Assistance

The roadside assistance add-on ensures we’ll always be there for you and your two-wheeler in case of any breakdowns. The best part? Asking for our help doesn’t even count as a claim.

IDV

Insured Declared Value in bike insurance refers to the right market value of your bike. Therefore, your OD premium for your bike will heavily depend on this. So, if your bike’s IDV is higher, the premium will also be higher.

Bike’s cc

Your bike’s cc determines the speed and hence risk of your bike. Therefore, the cc of your bike too will affect your OD premium. The higher the cc, the higher the OD premium and vice versa.

Bike Make & Model

It goes without saying that the make and model of your bike will directly affect your OD premium. The more premium your bike, the higher will be its OD premium and vice versa.

Age of the Bike

The older your bike is, the lesser will be its OD premium and vice versa! Additionally, the RTO location of your two-wheeler or the city where you drive it also affects the OD premium. Driving in a metropolitan city with higher traffic and accident rate increases the premium.

No Claim Bonus

If you’ve previously had an Own Damage cover of Comprehensive Bike Insurance and haven’t made any claims yet, you can transfer your accumulated No Claim Bonus to get a discount on your current OD premium.

Add-ons Opted

Every add-on is different. Therefore, based on the type of add-on you choose and the number of add-ons you choose, your OD premium will be accordingly affected.

Protection

OD bike insurance covers damage to your bike, ensuring repair costs are covered if your bike is damaged or lost due to natural calamities, theft, fire, or accidents.

Add-on Options

Enhance your bike’s protection with add-ons like zero depreciation, engine and gearbox protection, and personal accident cover.

Affordable and Flexible

Own Damage insurance for bike is an affordable insurance plan that provides flexibility and comprehensive protection for you and your bike. 

No Claim Bonus

With OD bike insurance, you can enjoy the benefits of NCB, which rewards you for your safe driving by giving you a discount on bike insurance own damage premium for the previous claim-free years.