Two Wheeler

Two Wheeler Insurance Policy package

We understand that your two-wheeler is your prized possession. Which is why, our two-wheeler insurance package policy not only covers third-party liability made mandatory by the Motor Vehicles Act, but also reimburses any loss of or damage to your prized possession.

Additional Covers

Two-wheeler rides are great fun.
But there is also a higher probability of injury or death (than when you travel in a car), in case of an accident.
It makes sense to buy some additional insurance

covers to cover the risks. With us, you can buy these at a nominal extra cost.

Personal Accident Insurance Online
Personal accident cover

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Personal accident cover

Compulsory personal accident cover of Rs. 1 lakh for individual* owners while driving.

Please note that this cover is not applicable in case of a company-owned vehicle.

You and other occupants of a two-wheeler can also avail a personal accident insurance cover for a maximum Capital Sum Insured of Rs. 1 Lakh per person. You may also opt for higher limits in the personal accident cover.

* Available only if the owner of the vehicle holds a valid driving licence

Bi-fuel kit

The CNG-LPG bi-fuel kit can also be covered by paying an additional premium

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Available Discounts

No-claims bonus
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Anti-theft devices
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No-claims bonus

If you do not make a claim during the policy period, a No-claims bonus (NCB) is offered on renewals. This discount can go as high as 50% (NCB will only be allowed provided the policy is renewed within 90 days of the expiry date of the previous policy).

Transfer of NCB: You can also transfer full benefits of No-claims bonus when you shift your Two Wheeler Insurance Policy from another company.

Anti-theft devices

If you have installed anti-theft devices approved by the Automotive Research Association of India (ARAI) in your two-wheeler, you can avail 2.5% discount (or up to Rs 500) on your own-damage(OD) Premium.

Third-party liability
  • This policy protects you and your two wheeler against any legal liability towards third parties, arising out of its use , leading to any bodily injury to/on death of a person and any damage caused to the third-party property.
Loss or damage to the vehicle

The package also provides cover against any loss or damage caused to your two-wheeler or its accessories due to the following occurrences:

  • Fire, explosion, self-ignition, accidental damage by external means.
  • Any damage in transit by road, rail, air, inland waterway, lift or elevator.
  • Lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
  • Burglary, theft, riot, strike, malicious act, terrorist activity.
Two Wheeler Insurance
While we make every effort to give you the best possible services, any loss of/damage to your two-wheeler and/or its accessories will be not be covered if caused by any of the following:
  • Normal wear and tear as well as general ageing of the two wheeler
  • Depreciation or any consequential loss
  • Mechanical/electrical breakdown
  • Damage to/by a person driving the two wheeler without a valid licence
  • Damage to/by a person driving the two wheeler under the influence of drugs or liquor
  • Loss/damage due to war, mutiny or nuclear risk
  • Use of the vehicle in violation of the Limitation as to use clause, mentioned in the policy.

Sum Insured

We insure your two-wheeler at a fixed value called the Insured's Declared Value (IDV).

The IDV is calculated on the basis of the manufacturer's listed selling price of the two-wheeler (plus the listed price of any accessories) after deducting the depreciation for every year as per the following rates.


Depreciation for vehicle

Not exceeding 6 months


Depreciation for vehicle

Exceeding 6 months but not exceeding 1 year


Depreciation for vehicle

Exceeding 1 year but not exceeding 2 years


Depreciation for vehicle

Exceeding 2 years but not exceeding 3 years


Depreciation for vehicle

Exceeding 3 years but not exceeding 4 years


Depreciation for vehicle

Exceeding 4 years but not exceeding 5 years
If you are looking to buy two wheeler insurance in India, then you have come to the right place. We can help you with new policy as well as renewing your existing policy. Check with

two wheeler insurance rate

before you buy.

It's a little difficult to choose the best two wheeler insurance in India but we have been transparent with our policy details to avoid all hiccups at the end.

We know that time is of utmost importance and it can be frustrating comparing between policies and documentations. But at Magma HDI, we help you to Buy two wheeler insurance online within minutes. Just complete a few steps and you are good to go with your new policy.