Own Damage Bike Insurance

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96% Claim

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Disclaimer:Tata Capital Limited (“TCL”) registered with IRDAI (License No. CA0896, valid till 21-Jan-2027), acts as a Corporate Agent “Composite” for Go Digit General Insurance Limited. Please note that, TCL does not underwrite the risk or act as an insurer. For more details on the risk factors, terms and conditions please read sales brochure carefully of the Insurance Company before concluding the sale. Participation to buy insurance is purely voluntary.

The Registered office of TCL is Tata Capital Limited, 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam, Marg, Lower Parel, Mumbai-400013.
The Registered Office of Go Digit: Go Digit General Insurance Limited, 1st Floor, Fairmont, Hiranandani Business Park, Powai, Mumbai – 400076.
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Renew Own Damage (OD) Bike Insurance Policy Online

Get Standalone Own Damage Insurance by Digit and secure your two-wheeler and yourself against damage or loss due to accidents, theft, or natural calamities. 

Own Damage Bike Insurance protects your own bike from damage or loss. Know everything about Own Damage bike insurance to make an informed choice!

Own Damage Insurance for Bike

What is Own Damage Insurance for Bike?

Own Damage Bike Insurance refers to a standalone bike insurance policy that only covers your own two-wheeler against damages and losses. The same could arise due to an accident, collision, natural calamity or even a fire. Having Standalone OD insurance for bike is optional in India and is often included as part of a comprehensive bike insurance policy, but it can also be purchased separately if you already have an active third-party bike insurance policy for additional coverage.
Why was Own Damage Bike Insurance Introduced?

Why was Own Damage Bike Insurance Introduced?

For a long time, there have only been two types of bike insurance policies. However, in September 2019, IRDAI introduced OD insurance for bikes as a standalone policy to help people cover their own bike’s damages and losses, as a third-party policy did not cover it, which was a major issue. However, remember that this is only applicable if you already have third-party bike insurance in place.

What is Covered in OD Insurance for Bike?

Accident

Accident

Covers for damages and losses caused to your bike during accidents.

Theft

Theft

Covers for losses in case your bike is unfortunately stolen.

Fire

Fire

Covers your bike in a situation where your bike is damaged due to a fire.

Natural Calamity

Natural Calamity

Covers for damages to your bike in case of any natural calamity.

What’s not covered in Own Damage Bike Insurance?

While the Own Damage Cover is great for your bike's overall protection, here are some things that won't be covered

Third-Party Liabilities

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

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

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

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

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

Driving Drunk

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

Add-On Covers with Own Damage Two-Wheeler Insurance by Digit

Two-wheeler insurance add-ons which you can buy with your Own Damage Two Wheeler insurance policy

Daily Conveyance Benefit

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

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

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 icon

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

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

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

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

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.

Why Choose Own Damage Bike Insurance by Digit?

Your OD bike insurance not only comes with a super easy claim process, but also with the option to choose a cashless settlement

Cashless Repairs

Cashless Repairs

9000+ Cashless Network Garages for you to choose from across India

Smartphone-Enabled Self Inspection

Smartphone-Enabled Self Inspection

Quick and paperless claims through Smartphone enabled processes that make you go "That's it?"

Super-fast Claims

Super-Fast Claims

We’ve settled 96% of all two-wheeler claims! Experience claims that make you go “that’s it?”

Customize your Vehicle IDV

Customize Your Vehicle IDV

With us, you can customize your vehicle IDV as per your choice!

24*7 Support

24*7 Support

24*7 call facility even on National Holidays

Complimentary Wellness Benefits

Get exclusive wellness benefits on the Digit App offered by top-rated health and wellness partners.

Disclaimer: The total number of vehicles covered, claims settled and amount paid in claims is for two-wheeler policies since inception till 31st December-2024. 96% claims settled for Overall Motor line of business of Digit. CSR Is calculated for FY 24-25. CSR Ratio is count of (Claims paid + Claims Closed) / (Claims O/S at Start + Claims Reported - Claims O/S at End). 9000+ cashless garage network count as of 31st March-2025. This total policies sold count is for two wheeler policies sold since inception till 31st March-2025.

Types of Bike Insurance Plans in India

TP bike insurance coverage

Third-Party Bike Insurance

Third-party bike insurance is mandatory by law and only covers damages or injuries caused to other people, vehicles, or property in an accident involving your two-wheeler.
Comprehensive bike insurance coverage

Comprehensive Bike Insurance

A comprehensive bike insurance policy provides complete protection by covering both third-party liabilities and damage to your own two-wheeler resulting from accidents, theft, fire, or natural disasters.
Od coverage icons

Own Damage Bike Insurance

An own damage bike insurance policy covers only your two-wheeler against own damage or loss from accidents, theft, fire, and natural calamities, and it does not include third-party coverage.

Third-Party

Comprehensive

Own Damage

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Know more about the difference between comprehensive and third party two wheeler insurance

How to Calculate Own Damage Bike Insurance Premium?

Here’s how to calculate the OD premium for two-wheeler:

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Provide Bike Details

Enter your bike’s registration number and select if your policy is expired or not.

Select the Policy

Select the Own Damage Policy, policy tenure and any required add-ons.

Check Premium

On the bottom-left of the page, you will be able to see your bike insurance premium amount.

What are the Factors Affecting Your OD Bike Insurance Premium?

Your bike premium is mainly calculated by your bike’s cc and your bike’s IDV. Apart from that, the following factors too are considered while calculating your Own Damages cover premium:

IDV

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

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

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

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

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

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.

Reduce Your OD Bike Insurance Premium

What are the Tips to Reduce Your OD Bike Insurance Premium?

  • Increase Voluntary Deductibles: Voluntary deductibles refer to the percentage of claims you choose to pay during claims. If you can, you could choose to increase the same, which will directly reduce your OD premium. 

  • Declare Correct IDV: When you buy your OD cover with Digit, we let you customize your IDV instead of automatically doing it for you. With this, you can ensure the right IDV is stated, as this will determine both your OD premium and the amount of money you can receive during claims.

  • Don’t Forget to Transfer Your NCB: As mentioned earlier, you can get a discount on your OD premium with a No Claim Bonus in bike insurance. Therefore, ensure you transfer the same while buying your OD policy.

Who Should Get Own Damage Bike Insurance?

New Bike Owners

New Bike Rider

Luxury Bike Owner

If You Have Only Third-Party Policy

If You Live in Accident-Prone Areas

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Ravi, 27 Year Old Male

He just bought his first bike, a sleek commuter model for daily office travel. Understanding the risks of city traffic, he opted for a Standalone Own Damage insurance policy. This way, if his bike gets damaged in an accident or due to natural calamities, he won’t have to bear the repair costs alone. 
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Anita, 22 Year Old Female

She recently moved to a new city for work and started commuting on her new scooter. Since she’s still getting familiar with the local roads and traffic patterns, she chose to get Own Damage bike insurance. For her, it’s a smart way to stay financially protected against unexpected situations or minor mishaps while she settles into her new routine. 
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Karan, 35 Year Old Male

He owns a high-end superbike that turns heads wherever he goes. But he knows that even a small scratch can cost a fortune to fix. That’s why he has a Standalone Own Damage policy to protect his investment and avoid hefty repair bills in case of damage. 
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Meena, 30 Year Old Female

She initially bought only a Third-Party Bike Insurance policy because it was mandatory. But after a friend’s bike got damaged in a flood, she realised her own bike wasn’t protected. She then added a Standalone Own Damage cover to ensure her bike is financially protected from such incidents. 
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Imran, 40 Year Old Male

He lives in a densely populated city area with heavy traffic and frequent accidents. To safeguard his bike from potential damage, he chose an Own Damage Insurance policy. It helps him ride with confidence, knowing he’s covered even in risky zones. 

How to Renew Own Damage Bike Insurance with Digit?

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Enter Bike Details

On the Digit App or website, enter bike’s registration number and select the policy status.

Choose the Plan

Select the own damage bike insurance plan and choose desired add-ons.

Enter Personal & Nominee Details

Enter your personal, nominee and vehicle details, and start the payment.

Complete Payment & KYC

Complete the payment and mandatory KYC verification process. Once completed, the policy will be issued and available in Digit App.

What are the Benefits of Standalone OD Bike Insurance?

Standalone OD in bike insurance offers several key benefits to bike owners such as:

Protection

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

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

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

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.

FAQs about Own Damage Bike Insurance

Manasvi Gupta

Written By:

Manasvi Gupta

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Manasvi Gupta

Manasvi Gupta

Content Writer

Storyteller at heart, Manasvi brings 4 years of content and marketing experience to Digit. Whether it's writing SEO-optimised articles or a researched and insightful blog, she strives to transform ideas into creating impactful and engaging content.

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Reviewed By:

Mayur Kacholiya

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Mayur Kacholiya

Product Head - Motor

Mayur specializes in motor insurance and is responsible for overseeing the development and management of motor insurance products. With expertise in product strategy and market analysis, he focuses on developing customer-centric insurance solutions.