Stand Alone OD Two Wheeler


Stand Alone OD Two Wheeler

We understand that your two-wheeler is your prized possession. Which is why, our Standalone OD Two Wheeler insurance policy reimburses any loss of or damage to your prized possession.

Additional Covers

Going for additional covers for your favorite vehicle will not cost much, but will deliver a great value.

private car insurance plans

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Any additional prescribed electrical and non-electrical accessories

Available Discounts

No Claim 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.

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 by driving the two wheeler without a valid licence
  • Damage by driving 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



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