Two Wheeler Long Term Package Policy (TWLTPP)

A Motor insurance policy is mandatory under the Motor Vehicle Act. Owning USGI's Term Wheeler Long Term Package Policy (TWLTPP) ensures that you are protected from financial losses, caused by damage or theft of the vehicle and third party liability.

A. Key Benefits
Insure once and avoid hassles of yearly renewals
Option to insure for two or three years at one-time
Save on premium hike for Third Party Rates
Get additional discount on your Motor Own Damage premium
Get additional NCB on renewal
Transfer your NCB: You can transfer full benefits of No Claim Bonus when you shift your motor
insurance policy to another company

B. What is covered?
Loss or Damage to your vehicle against Natural Calamities.
Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest,
inundation, cyclone, hailstorm, frost, landslide, rockslide.
Loss or Damage to your vehicle against Man-made Calamities, Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.
Personal Accident Cover Coverage of Rs 15 Lakh for the individual owner/driver of the vehicle while driving or travelling, mounting or dismounting from the two wheeler. Optional personal accident
covers for co-passengers available.
Third Party Legal Liability Protection against legal liability due to accidental damages resulting in the permanent injury or death of a person, and damage caused to the surrounding property.

C. What is not covered?
Normal wear and tear and general ageing of the vehicle.
Depreciation or any consequential loss.
Mechanical/ electrical breakdown.
Wear and tear of consumables like tyres and tubes unless the vehicle is damaged at the same time, in which case the liability of the company shall be limited to 50% of the cost of replacement.
Accidental loss or damage caused due to Willful Negligence.
Vehicles being used otherwise than in accordance with limitations as to use.
Damage to/ by a person driving any vehicles without a valid license.
Damage to/ by a person driving the vehicle under the influence of drugs or liquor.
Loss/ damage due to war, mutiny or nuclear risk.
Policy deductibles