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 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.
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