Two Wheeler

Call Us On: 
1800 345 0330
Email Us: 
Policy Details: 

Motor Insurance Contracts are subject to the basic principles applicable to property and liability insurance in general. The owner of the vehicle must be a registered owner to the vehicle whereby he or she stands to benefit by the safety of the vehicle, right, interest or freedom from liability and stands to lose by any loss , damage , injury or creation of liability.

  • Annual package policy
  • Annual Liability only policy
  • Long term (2 yrs/3 yrs) package policy
  • Long term (2 yrs/3 yrs) Liability only policy
  • 5 years liability only policy for brand new vehicles purchased on or after 01.09.2018
  • 5 years package policy for brand new vehiclespurchased on or after 01.09.2018
  • Bundled policy (one year own damage & 5 year liability) for brand new vehiclespurchased on or after 01.09.2018.

Liability Only policies:

The policy covers the vehicle owner's legal liability to pay compensation for:

  1. Death or bodily injury to a third party person.
  2. Damage to third party property.


Liability is covered for an unlimited amount in respect of death or injury. Liability for damage to third party property is covered for Rs. 1 lakh for Scooters / Motor Cycles.

Package Policy:

In addition to the coverage under liability only, this policy covers loss or damage to the insured vehicle and its accessories due to:

  1. Fire, explosion, self-ignition or lightning.
  2. Burglary, housebreaking or theft.
  3. Riot and Strike.
  4. Malicious Act.
  5. Terrorist Act.
  6. Earthquake (Fire and Shock) Damage.
  7. Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone and Hailstorm.
  8. Accidental external means.
  9. Whilst in transit by road, inland waterway, lift, elevator or air.
  10. By landslide/Rockslide


No- claim discounts on Own damage premium are available on renewal of Package policy, ranging from 20% to 50%, depending upon the number of consecutive claim free years.

No of claim free years

NCB allowed











5 or more




The policy also pays for towing charges from the place of accident to the workshop upto a maximum limit of Rs.300/- for Scooters/Motorcycles. It is also permissible to opt for higher towing charges subject to payment of extra premium.

Add On covers available on payment of Extra premium

  • Nil depreciation
  • Nil depreciation plus for 2 wheeler
  • Invoice protect
  • Engine protect
  • NCB protect


Compulsory Deductibles (The amount to be borne by insured for each & every claim)

  • Rs 100/- for Two Wheelers



  1. Rate of depreciation for all rubber nylon/ plastic parts, tyres and tubes, batteries and air bags - 50%     
  2. Rate of depreciation for all fibre glass components - 30%
  3. Rate of depreciation for all parts made of glass – Nil
  4. Rate of depreciation for paint material – 50%
  5. Rate of depreciation for all other parts including wooden parts is to be as per the following schedule




Not exceeding 6 months


Exceeding 6 months but not exceeding 1 year


Exceeding 1 year but not exceeding 2 years         


Exceeding 2 years but not exceeding 3 years


Exceeding 3 years but not exceeding 4 years


Exceeding 4 years but not exceeding 5 years


Exceeding 5 years but not exceeding 10 years


Exceeding 10 years


  • Wear and tear, breakdowns
  • Consequential loss
  • Loss when driving with invalid driving license or under the influence of alcohol.
  • Loss due to war, civil war, etc.
  • Claims arising out of contractual liability.
  • Use of vehicle otherwise than in accordance with `limitations as to use ' (e.g. private car being used as a taxi).

How to lodge a claim?

In the event of an incident giving rise to a claim under the policy, the following steps should be taken,

In case of accidental damage to the vehicle:

Step 1: Immediate written intimation to the policy issuing office or nearest office.

Step 2: In case of major loss to the vehicle a spot survey, at the site of accident, would also be arranged by the company

Step 3: Obtain a Claim Form& submit it duly completed along with

  • copy of Registration Certificate
  • copy of driving license of the driver of the vehicle at the time of accident
  • Estimate of repairs.
  • Copy of permit & fitness certificate in case of commercial vehicles


Do not start the repair of the Vehicle unless it is surveyed by an IRDAI licensed Surveyor, appointed by the insurance company.



In case of theft of the vehicle:

Step 1: Lodge an F.I.R. with the police immediately.

Step 2: Inform the policy issuing office & concerned Regional Transport Office immediately.

Step 3:Obtain a Claim Form & submit it duly completed

Step 4: Submit the Final Police Report as soon as it is received.

Step 5: Extend full cooperation to the investigator appointed by the insurance company.


In case of third party liability claim:

  1. Inform insurance company immediately of any incident likely to give rise to liability claim.
  2. On receipt of summons from Court, the same should be sent to the company immediately.
  3. Claim Form duly filled in along-with copies of Registration Certificate, Diving License, FIR are to be submitted.

Related Information