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Own Damage Bike Insurance
Own Damage (OD) bike insurance covers damage to your own bike due to accidents, theft, fire, or natural disasters, but it does not cover damage caused to others.
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This cover is optional and can be taken only if valid third‑party insurance is already in place, and you can enhance it further by choosing add‑ons like zero depreciation or engine protection.
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What is Standalone Own Damage (OD) Bike Insurance?
Standalone Own Damage (OD) bike insurance covers damage to your own two‑wheeler by paying for repair or replacement if the bike is damaged in an accident, stolen, or affected by fire, floods, earthquakes, or other natural or man‑made disasters. It protects only your vehicle and does not cover injury, death, or property damage caused to others.
Should You Buy Standalone OD or Comprehensive Bike Insurance?
You should buy standalone own damage insurance if you already have third-party cover, and choose comprehensive insurance if you want both covers together in one policy.
If you already have a valid third‑party policy: Go for Standalone OD, it adds protection for your own bike without replacing your existing third‑party cover.
If you want one combined policy: Choose Comprehensive Insurance, it bundles both third‑party and own damage cover, making renewals and claims simpler.
If you have a new bike with long‑term third‑party cover: Pick Standalone OD, it’s the most common and cost‑effective way to complete your coverage.
If you want maximum protection with add‑ons: Choose Comprehensive or OD + add‑ons; The right option depends on whether you already have third‑party insurance.
If you don’t have valid third‑party insurance: Buy Comprehensive Insurance or third‑party cover first. Standalone OD alone is not legally sufficient.
Why Should You Buy Standalone Own Damage Bike Insurance?
1. Protection Against High Repair Costs
If your bike is damaged in an accident, repair costs can be high. OD insurance helps cover these expenses, so you are not burdened financially.
2. Coverage for Theft and Total Loss
If your bike is stolen or damaged beyond repair, OD insurance compensates based on its insured declared value.
3. Protection from Natural and Man‑Made Risks
Covers damage caused due to unforseen circumstances like floods, earthquakes, fire, riots, or vandalism.
4. No Claim Bonus (NCB)
If no claims are made during the policy period, you can get a NCB discount up to 50% on OD premium.
When is Standalone OD Bike Insurance Not Enough?
Standalone Own Damage insurance is not enough if you need complete bike insurance coverage. It may fall short in situations where you:
Do not have a valid third‑party bike insurance policy
Need third‑party liability protection as part of the same policy
Expect personal accident cover to be included automatically
Assume add‑ons are included without opting for them
In such cases, comprehensive insurance or additional covers are required for full protection.
What's Covered in Own Damage Bike Insurance?
Accident
Covers for damages and losses caused to your bike during accidents.
Theft
Covers for losses in case your bike is unfortunately stolen.
Fire
Covers your bike in a situation where your bike is damaged due to a fire.
Natural Calamity
Covers for damages to your bike in case of any natural calamity.
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
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.
Which Add‑Ons Should You Choose With Own Damage Bike Insurance?
If you have a new or expensive bike
Choose Zero Depreciation Cover — It reduces depreciation cuts, so you get a higher claim amount for replaced parts.
If you live in a flood‑prone area
Go for Engine Protection Cover — It covers engine damage caused by water ingress, which standard policies usually exclude.
If your area has high theft risk:
Pick Return to Invoice Cover — It pays the full invoice value of your bike in case of total loss or theft.
If your bike often stays in the garage for repairs:
Add Daily Conveyance Cover — It compensates for your travel expenses while your bike is unavailable.
If you own an electric scooter or EV bike:
Choose EV Shield Cover — It protects key components like the battery and charger.
If you’re worried about losing your No Claim Bonus (NCB):
Opt for NCB Protection Cover — It helps you retain your bonus even after making a claim.
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
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.
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
10,000+ Cashless Network Garages for you to choose from across India
Smartphone-Enabled Self Inspection
Quick and paperless claims through Smartphone enabled processes that make you go "That's it?"
Super-Fast Claims
Quick and hassle-free claim process that's digital and paperless
Customize Your Vehicle IDV
With us, you can customize your vehicle IDV as per your choice!
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.
Why Own Damage Bike Insurance Matters
Own Damage insurance becomes important in real‑life situations where repair or replacement costs can be high. In events like theft, floods, fire, or major accidents, expenses can run into tens of thousands of rupees or the bike may be completely unusable, third‑party insurance does not provide any financial support in such cases. Own Damage insurance helps bridge this gap by covering repair costs or compensating you up to the bike’s insured value in case of theft or total loss.
How are Own Damage Bike Insurance Claims Settled?
Own Damage Bike Insurance claims are settled based on an independent surveyor’s assessment. After a claim is reported, the insurer appoints a surveyor to evaluate the damage. If the bike can be repaired, approved repair costs are paid after applying depreciation and deductibles. If the bike is stolen or repair costs exceed its value, the claim is treated as a total loss and settled up to the Insured Declared Value (IDV).
How Do Own Damage Claims Affect No Claim Bonus (NCB)?
No Claim Bonus applies only to the Own Damage portion of bike insurance. Filing an Own Damage claim can reduce or reset your NCB, which increases your renewal premium.
Small scratches or dents: Pay yourself to preserve your NCB and avoid higher renewal premiums.
Medium repair costs: Compare the repair expense with the potential NCB loss before deciding to claim.
Major accident damage: File a claim, as repair costs will likely outweigh any NCB benefit.
Theft or total loss: Claim is essential due to the high financial impact.
How to Calculate Own Damage Bike Insurance Premium?
Here’s how to calculate the OD premium for two-wheeler:
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.
Premium Formula
IDV × OD rate + cost of add‑ons − NCB (if applicable)
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
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.
How Can You Reduce Your Own Damage Bike Insurance Premium?
- You can reduce your premium by
Choosing higher voluntary deductibles
Maintaining claim‑free years to earn NCB
Setting correct IDV
Avoiding unnecessary add‑ons on older bikes
Considering Pay As You Drive (if eligible)
Who Should Get Own Damage Bike Insurance?
New Bike Owner
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.
New Bike Rider
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.
Luxury Bike Owner
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.
If You Have Only Third-Party Policy
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.
How to Renew Own Damage Bike Insurance with Digit?
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.
FAQs about Own Damage Bike Insurance
Is Own Damage insurance for bike mandatory?
No, as per the Motor Vehicles Act, every bike owner must at least have third-party bike insurance in place. Without this, it is illegal to ride on Indian roads and may result in a traffic penalty. However, having own damage insurance for a bike is not mandatory.
Who can buy OD bike insurance in India?
Any two-wheeler owner who already has a valid third-party bike insurance policy can buy standalone OD insurance to cover for their own damage and losses as well.
Can I drive in India without OD bike insurance?
Yes, you can legally drive without Own Damage insurance, however, it is risky as you would have to pay for repairs or replacements out of pocket if your bike gets in an accident.
Can I customize the Standalone Own Damage (OD) policy?
Yes, you can customize your OD bike insurance policy by opting for different bike insurance add-ons based on your needs.
What is the difference between Comprehensive and Standalone OD Bike Insurance?
Standalone OD insurance covers damage or loss to only your two-wheeler, while comprehensive insurance covers damage or loss to both - your bike and third-party liabilities.
What happens if my Own Damage policy is active but my third‑party insurance expires?
If your third‑party bike insurance expires, your standalone Own Damage policy becomes ineffective for claims. Even though OD may appear active, insurers can reject OD claims until a valid third‑party policy is reinstated.
Does Own Damage insurance cover damage caused while my bike is parked?
Yes, Own Damage insurance covers accidental damage, fire, flooding, or vandalism even when the bike is parked, provided the loss is sudden, accidental, and not excluded under policy terms.
Will my Own Damage claim be rejected if I delay informing the insurer?
Yes, delayed claim intimation can lead to claim rejection or reduced settlement. Always report Own Damage incidents as soon as possible, even if repairs haven’t started.
Is it worth buying Own Damage insurance for an old or low‑value bike?
For very old bikes with low resale value, Own Damage insurance may not always be cost‑effective. However, it can still be useful in high‑risk areas where theft, flooding, or accidental damage is common.
Can my Own Damage claim be denied if someone else was riding my bike?
No, as long as the person riding your bike had a valid two‑wheeler licence and was not under the influence of alcohol or drugs, Own Damage claims remain valid.
Does making an Own Damage claim always increase the next year’s premium?
Yes. Filing an Own Damage claim resets or reduces your No Claim Bonus, which increases the renewal premium. This is why small repair costs are sometimes paid out‑of‑pocket instead of claiming.
Can I switch insurers for Own Damage insurance without losing benefits?
Yes. You can change insurers while renewing your Own Damage policy and carry forward your No Claim Bonus, provided there is no break in coverage and NCB proof is submitted.
Is Standalone Own Damage insurance enough for daily city riders?
Standalone Own Damage insurance is enough for city riders only when combined with a valid third‑party policy and essential add‑ons like zero depreciation or engine protection, depending on traffic and road conditions.
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