Two Wheeler Insurance offers insurance coverage for your two wheeler and it's riders from damages due to unforeseen incidents like accidents, natural calamities like floods, earthquake, storms, landslides and man made events like riots, arson, civil unrest etc. It is a protection cover that saves you from financial loss in case of an accidental damage or theft leading to total or partial loss of your two wheeler. Broadly, there are two types of insurance plan. Third party liability, which is the compulsory insurance and comprehensive plan. We recommend comprehensive cover over just third party liability as it offers a much broader coverage.
Just as every little thing that you own is nurtured and protected, your Two-Wheeler also needs to be safeguarded against the effects of accidents, natural calamities, theft, and malicious damage. Imagine, in a world where minor repairs and maintenance costs you a lot, what would be the stretch of expenses that you may have to make if your vehicle is stolen or gets damaged totally? Your finances go for a toss as you will have to bear the expenses for repairing it. To avoid such a financial loss and stay protected, it’s advisable to buy a Two-Wheeler Insurance plan with comprehensive cover. This covers your own vehicle’s damage as well as third party liabilities. The below offerings are aptly designed to secure you from unforseen expenses.
Usually, insurance policies cover claim amount after the deduction of the depreciation. But, with a zero-depreciation cover, no deductions are made, and you get the entire amount in your hands! The battery costs and tyres do not come under zero depreciation cover though.
We are here to offer you round-the-clock assistance to deal with emergency breakdown issues. The emergency assistance cover includes minor repairs on site, lost key assistance, duplicate key issue, tyre changes, battery jump starts, fuel tank emptying and towing charges!
The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘SUM INSURED’ and it will be fixed at the commencement of each policy period for each insured vehicle.
The IDV of the vehicle is to be fixed on the basis of the manufacturer’s listed selling price of the brand and the model of the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation (as per schedule specified below). The IDV of the side car(s) and / or accessories, if any, fitted to the vehicle but not included in the manufacturer’s listed selling price of the vehicle is also likewise to be fixed.
AGE OF THE VEHICLE | % OF DEPRECIATION FOR FIXING IDV |
Not exceeding 6 months | 5% |
Exceeding 6 months but not exceeding 1 year | 15% |
Exceeding 1 year but not exceeding 2 years | 20% |
Exceeding 2 years but not exceeding 3 years | 30% |
Exceeding 3 years but not exceeding 4 years | 40% |
Exceeding 4 years but not exceeding 5 years | 50% |
Comprehensive(Single year) | Comprehensive(Long Term) | Third Party (Liability Only) | |
---|---|---|---|
Accidental Damage | |||
Theft | |||
Damage due to fire | |||
Damage due to natural disaster | |||
Personal Accident cover | |||
Damage to a third-party vehicle | |||
Injury to a third-party person | |||
Zero Depreciation | Optional Add-on | ||
Emergency assistance cover | Optional Add-on |
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Overnight Car Repair Services
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Secured Over 1 Crore+ Smiles!
Overnight Car Repair Services
Transparency at its best
All the support you need- 24 x 7!
Go Paperless! Go Boundless!
For one year old two wheeler – you can choose from the mentioned options: i. Package/Liability policy for upto 2 or 3 years policy duration