Two-Wheeler Insurance
Switch to Digit Two Wheeler Insurance.

Third-party premium has changed from 1st June. Renew now

Return to Invoice Add-On Cover in Two-Wheeler Insurance

Return to Invoice cover in two-wheeler insurance is an add-on cover where the insurer compensates if the insured vehicle faces a total loss/constructive total loss or theft. However, you need to have opted for a standard cover or a comprehensive one. 

The add-on cover ensures that the insurance company pays the cost for a new vehicle of the same or near-identical make, model, features, and specifications in case of total loss.

Benefits of Return to Invoice Add-on Cover in Two-Wheeler Insurance

Benefits of Return to Invoice Add-on Cover in Two-Wheeler Insurance

Some of the benefits that you can avail for purchasing the add-on cover of Return to Invoice are listed below:

  • Payment of road tax (First payment)
  • Payment towards first-time registration charges of the vehicle
  • The policy covers the vehicle, including own damage cover, third-party liability, and any other add-on cover that the policyholder may think would be beneficial to protect the bike.
  • The cost incurred for installing any accessories (not part of the factory-fitted ones) that are specifically insured under the own damage bike insurance.

What’s Covered in Return to Invoice Add-on Cover in Two-Wheeler Insurance?

Return to Invoice add-on cover offers the following coverages:

Total loss/constructive total loss/theft is covered, provided you have comprehensive bike insurance policy

The add-on cover will cover total Loss/constructive total loss if you opt for standard cover. 

The insurer will compensate the cost of a new vehicle of the same/near identical make, model, features, and specification of the insured vehicle.

What's Not Covered in Return to Invoice Add-On Cover in Bike Insurance?

What's Not Covered in Return to Invoice Add-On Cover in Bike Insurance?

The add-on cover of Return to Invoice in two-wheeler insurance has the following exclusions in addition to the ones listed under the primary policy:

  • The insurer will not entertain the claim if total loss/constructive total loss/theft of the vehicle is not admissible under the Own Damage section of the insurance policy.
  • The insurance company will not reimburse the cost of any accessory not specifically insured under the Own Damage section of the insurance policy or that is part of the Original Equipment Manufacturer (OEM).
  • The claim will be rejected if the insured vehicle is recovered within 90 days of theft unless the Final Investigation Report/Non-Traceable Report is submitted.
  • Any claim that does not qualify as a total loss/constructive total loss as per the insurance policy will be rejected.

FAQs about RTI Add-on in Bike Insurance

Will depreciation be applied to assess the loss in case of total loss or constructive total loss?

No, depreciation will not be applied to assess the loss in the event of loss total loss or constructive total loss. 

Are claims made under this add-on cover subject to conditions outlined in the vehicle insurance policy?

Yes, claims under the add-on cover are subject to those set forth in the primary insurance policy.