Two Wheeler Own Damage Insurance

Own Damage (OD) helps you stay covered against damage caused to your vehicle due to accidents like fire, theft, etc. In case of an accident, an own damage cover compensates you for expense to repair or replace parts of your two wheeler damaged in the accident.

What are the Benefits of Two Wheeler Own Damage Insurance?



What does this policy cover?
This policy covers the cost of damages to your two wheeler due to-

Natural calamities like floods, earthquake, fire and more

Man-made calamities like vandalism, riots and terror attacks

Theft or malicious acts

It also covers the-


What does this policy not cover?
When opting for an own damage two wheeler insurance policy, you must be aware of what benefits you're missing out on. Let's take a look at what this policy does not cover:

Damages to a third party vehicle

Damage caused to a third party property

Injuries caused to other people in an accident

Normal wear-and-tear of the vehicle

Mechanical and electrical breakdown

A vehicle being used other than in accordance with the limitations as to use. For example, if you use your two wheeler for commercial purposes

Damage to/by person driving without a valid driving license

Loss or damage caused while riding under the influence of alcohol or any other intoxicating substance

Loss or damage due to depreciation of the vehicle's value

Consequential loss - if the original damage causes subsequent damage/loss, only the original damage will be covered

Damage to Tyres & Tubes unless the vehicle insured is damaged at the same time in which case the liability of the Company shall be limited to 50% of the cost of replacement

Loss or damage to the accessories by burglary housebreaking or theft unless the vehicle is stolen at the same time

Add-On Covers
At Reliance General Insurance, we want to make sure our two wheeler insurance holders can secure the best possible protection for themselves. So choose wisely and secure your two wheeler with our assortment of add-on covers for bike insurance.

Nil Depreciation
With a zero depreciation bike insurance add-on, secure your two wheeler against a reduction in the value of parts with age. You will get the parts replaced without any pinch to your wallet.

This add-on cover is applicable to the following conditions-

This add-on covers two wheeler with a maximum of two claims in one vehicle insurance policy period

In case of partial loss, we will settle a claim made for the insured two wheeler only if it is repaired by/ at one of our authorized dealers or workshops

Compulsory Excess will be applicable as per normal practice and Voluntary Deductible will be applicable if you have opted for it

Daily Allowance Benefit
We can't deny the fact that accidents happen! In this condition, we have to leave our vehicles in the garages and travel by our own. This add-on cover compensates for your daily travel allowance when your vehicle is in the insurer's authorized network garage for more than 3 days for repairs. This add-on cover is applicable to the following conditions-

Triggered if 3days vehicle under repairs due to perils/OD

Option to choose days & amount

Allowance Limit Rs.5000/- per day

Lumpsum theft benefit, if vehicle is not recovered 30 days

Applicable only for partial claims

EMI Protection
We are concerned about financial impact of an accident. We cover up to 3 EMI's of your insured vehicle if it is in the insurer's authorized network garage for more than 30 days for repairs. This add-on cover is applicable to the following conditions-

Vehicle is in repair, vehicle loan EMIs will gets paid
Payment directly made to financial institution
Up to maximum 3 EMI shall be payable
Triggers if repair time 30 days
Applicable only for partial claims

Helmet Cover
This add on cover will make an allowance towards cost of replacing damaged or destroyed helmet of same type and model due to accident involving the insured vehicle. This cover is valid for Annual Two Wheeler policy and can be bought as an add-on cover at the time of purchase. This add-on cover is applicable to the following conditions-

Premium starting @Rs.100/-
Pay only 10% of Helmet cost (Sum Insured)
Sum Insured limit up to Rs.50,000/- per helmet
More than 1 helmet can be covered in a single year
Reimbursement of the helmet will be the same type and model

Please note that the policy
Shall be available only for maximum one accident during the policy period
Shall not be available for Theft claims
Deductibles is 5% of Sum Insured opted by the insured
shall not be available for damage caused by deterioration, wear and tear

Now Your Two Wheeler Insurance Premium Will Be More Than Affordable with Our Special Discounts
If you continue to be a safe and good driver, you're definitely eligible for discounts. How? Well, if you drive safely, you'll make no claim through out the year. As a result, you earn yourself a No-Claim Bonus! This bonus can also be transferred over to your new vehicle depending on your preference.

The discount can be accumulated on a yearly basis as mentioned below.



Voluntary deductible
A minimum amount that you choose to pay of the claim amount, while we pay the rest. The higher your Voluntary Deductible amount, the lower is your bike insurance premium. Thus, eventually discounting the two wheeler insurance premium. Please refer to the below table for applicable Voluntary Deductible:-