Two Wheeler  Insurance   >> Policies

What to be insured?

- Motor Cycles, scooters, mopeds, auto cycles and mechanically assisted pedal cycles

- Three wheeled invalid carriage

Insured against what risks ?

1(a). Loss or damage to vehicle by accidental external means, fire, lightning, self ignition, external explosion, burglary, housebreaking or theft, malicious act.
1 (b). Riot and strike; terrorism; earthquake; flood, cyclone and inundation*
1 (c). whilst in transit by rail, road, air, elevator, lift.
*Perils under 1 (b) can be deleted and a discount in premium availed.

2. Liability for third party injury/death, third party property and liability to paid driver.

3. On payment of appropriate additional premium, loss/damage to electrical/electronic accessories, PA cover for drivers ( other than paid driver) can also be taken.

4. Certain discounts in premia are also available

Who can insure?

Owners and /or financier of the vehicle having insurable interest in it.

What will policy pay and how much?

Own Damage

1. Actual amount spent for repairs/replacement subject to depreciation and sum insured as per survey report.

2. Garaging and towing charges - up to Rs 200-

3. Damage to tyres (when vehicle is also damaged) - 50 % of cost of replacement

4. In case of total loss, market value at the time of loss or sum insured whichever is less.

Act Liability

1. Death or bodily injury to third parties - Unlimited

2. Death or bodily injury to any person carried in the vehicle provided they are not carried for hire or reward - Unlimited

3. Liability to paid driver - As per W. C. Act

4. Third party property damage - up to Rs 6000/-

5. All costs and expenses incurred with company’s written consent

6. In case of death of the Insured/any person entitled to indemnity for a liability incurred under this Policy,his personal representative will be indemnified as in the case of the insured ,if he observes all conditions as insured himself

 

        When will policy not pay?

  • Consequential loss; depreciation; wear and tear; mechanical and electrical breakdown; failure or breakage.

  • When vehicle is used outside the geographical area; when used contrary to limitation as to use; driven by a person other than the driver stated in driver’s clause.

  • War perils, nuclear perils and drunken driving (The details furnished above do not constitute the entire terms, conditions and exceptions of the Policy; for fuller particulars please contact our nearest office).