Fewer wheels doesn’t mean lesser care needed. Your two-wheeler takes you through longest of distances and the narrowest of streets, so why not return the love they deserve. We understand all the risks, and the protection required to keep your rides smooth and carefree.
- No Inspection on Break-in Coverage
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- Secure against Loss, Theft and Damage
- Secure Yourself, Co-passengers and Third parties
- Comprehensive coverage for your Two Wheeler
- Variety of Add-ons to choose from.
Insured is indemnified against loss or damage to the vehicle insured and/or its accessories as thereon by certain events such as Fire, explosion self-ignition or lightning, Burglary housebreaking or theft; Riot and strike, Malicious Act etc;
This is subject to a deduction for depreciation at the rates mentioned in respect of the parts replaced The depreciation rates for some major parts are:
For All Rubber/ Nylon/ Plastic Parts, tyres, tubes and batteries - 50%
For Fibre glass components - 30%
Company will pay you the amount of depreciation deducted on the value of parts replaced for own damage claim lodged under Own Damage section of the policy. The cover is available for First 2 claims during the policy period.
This cover pays the financial shortfall between the amount you receive under Own Damage section of the policy and the purchase price of the two wheeler as confirmed in the invoice of sale OR current replacement price of new vehicle in case exactly same make/model is available, whichever is less, in the event of your Vehicle being a Total Loss / Constructive total loss (CTL) following an accident or stolen during the period of insurance and not recovered. The cover will also reimburse the first time registration charges and road tax paid which had been incurred for the insured vehicle
We will however not pay the financial shortfall if:
• the Total Loss/CTL and theft claim is not valid and admissible under Benefit 1 of the policy.
• final investigation report in case of theft claim is not submitted to us.
• covered two wheeler is imported.
The Company undertakes to pay compensation as per the following scale for bodily injury/death sustained by the Owner-Driver of the vehicle, in direct connection with the vehicle insured or whilst mounting into/dismounting from or traveling in the insured vehicle as a co-driver, caused by violent accidental external and visible means which independent of any other cause shall within six calendar months of such injury result in:
(i) Death – Compensation 100%
(ii) Loss of two limbs or sight of two eyes or one limb and sight of one eye - Compensation 100%
(iii) Loss of one limb or sight of one eye - Compensation 50%
(iv) Permanent total disablement from injuries other than named above - Compensation 100%
Provided always that
(a) the compensation shall be payable under only one of the items (i) to (iv) above & the total liability of the insurer shall not in the aggregate exceed the sum of Rs. 1 lakh during any one period of insurance.
(b) no compensation shall be payable if death or bodily insured is or resulting from (1) intentional self injury or suicide or (2) an accident happening whilst such person is under the influence of intoxicating liquor or drugs.
(c) Such compensation shall be payable directly to the insured or to his/her legal representatives whose receipt shall be the full discharge in respect of the injury to the insured. This cover is subject to
a) the Owner-Driver is the registered owner of the vehicle insured herein;
(b) the Owner-Driver is the insured named in this policy;
(c) the Owner-Driver holds an effective driving license, in accordance with the provisions of Rule 3 of the Central Motor Vehicles Rules, 1989, at the time of the accident.