Add on – Motor insurance

A zero depreciation add-on cover can be availed for brand new vehicles and also can be opted for at the time of policy renewal.

Things need to focus before choose zero depreciation cover:

When it comes to purchasing a zero depreciation add-on cover for your bike insurance, here are a few points which you should always keep in mind:

• This add-on cover is available only for bikes not more than two years old.
• The zero depreciation add-on does not deduct the compulsory deductibles.
• The zero depreciation add-on claims are allowed generally two times in a year.
• Zero depreciation cover offers the same coverage as the bumper-to-bumper cove.

Total Cover: 

We can get insured our additional cost of vehicle, this cover allow benefit to get reimbursement of the amount spent on Registration Cost, Road Tax and Insurance at the time of Total Loss, Constructive Total Loss or Theft Claims.

Engine Protector Cover:

What is engine protector cover?

• Engine Protect cover is a bike insurance add-on which is available for purchase with comprehensive and standalone own-damage insurance plans. This cover helps you get compensation for the damages incurred by your bike’s engine.

• The Engine add-on cover offers compensation for expenses incurred while fixing the indirect damage done by water ingression or leakage of lubricating oil leading to loss or damage.

Section 1.01 – Who Should Purchase Engine Protect Cover?

The Engine Protect bike insurance add-on is recommended for all bike owners. However, it is highly recommended for people living in flood-prone areas or in or near streets which get water-logged easily during rains. Engine Protect is also highly recommended for owners of premium bikes which come with expensive engine parts.

What is covered in engine protection cover?

• Damages sustained by the engine parts due to water ingression.
• Damages incurred to the engine and its parts due to leakage of lubricating oils.
• Physical damages incurred to the differential parts or gearbox.
• Engine failure due to an attempt to start a wet engine.

Section 1.01 – What is Not Covered Under Engine Protect Add-on Cover?

The engine protection add-on cover can be purchased along with a comprehensive insurance plan or with a standalone own damage insurance plan. The following are not covered under engine protect add-on cover for two-wheeler insurance:

• Loss or damage including corrosion of the engine or/and the gearbox because of delay in informing the bike insurance provider.
• Replacement or repair of internal components of the engine caused because of the delay in retrieving the two-wheeler from the water-logged region.
• Damage or loss to the two-wheeler because of the individual riding the insured bike in an intoxicating condition.
• Replacement or repair of the engine.
• Loss or Damage caused to the insured bike riding the vehicle in an illegal race.
• Loss or Damage caused to a bike in case riding it without a valid driving license.
• Lubricants cost in the event of loss because of leakage.
• Any claim being raised after a specific time duration is set by the insurance company.
• Any claim, wherein the repair process takes place before intimating the insurance provider.
• Any claims being raised because of damage or loss caused owing to regular wear and tear.

Consumables Cover​​

What is consumables cover?

Consumables cover add-on is an additional benefit that you can purchase along with your standard bike insurance policy. It covers you against the cost of replacement or bike parts like screws, engine oils, grease, nuts and bolts, etc.

Consumables cover add-on in bike insurance offers extra coverage for consumable items that a basic bike insurance policy does not cover. The add-on cover helps the insured save on all the consumable items no matter how small they are. One can purchase this add-on cover voluntarily along with the standard bike insurance policy, which can either be a standalone own-damage bike insurance policy or a comprehensive bike insurance policy.

Consumable add-on covers:

The add-on cover offers complete protection against expenses towards consumables that are unfit to be used in the future, in case the damage has been caused due to an accident. consumables cover also protects the insured against expenses related to clips, distilled water, bearing oil, gearbox oil, radiator coolant, battery, and washers. It is an essential add-on cover that gives additional coverage to the insured’s bike thereby offering him/her a stress-free ride. So, it is a smart option to select this add-on cover as it not only offers peace of mind but also makes the insured super secure.

NCB Retention Cover: 

What is NCB retention cover?

• NCB or No Claim Bonus is a discount or savings on premium offered to a bike owner by motor insurance companies if he had not made any claims during his bike insurance policy term. In case of the death of the insured, the NCB benefit is granted to the nominee

• The NCB is a discount ranging between 20%-50% and is given to the insured while renewing a policy.
• We can opt this cover to protect our No Claim Bonus even after claim in running policy.

How NCB is calculated?

The No Claim Bonus is applicable from the second year of the policy period. After the first year, when no claim has been raised, your insurance provider offers you with a discount of 20% on the premium amount. This begins on second year, and this can go up to 5 consecutive years. To understand the working of a no claim bonus calculator, refer to the following table:

Age of policy	No Claim Bonus Percentage
After year one of no claim	20%
After two consecutive years of no claim	25%
After three consecutive years of no claim	35%
After four consecutive years of no claim	45%
After five consecutive years of no claim	50%

Exclusion:

No claim bonus (NCB) will not applicable if customer applied for claims

 Key Loss Add-on Cover

This add-on cover makes the insurance company liable to compensate the policyholder for the loss of key(s).

Roadside Assistance Add-on Cover

This add-on cover secures assistance services in the event of the breakdown of the insured vehicle. The services include towing to the nearest garage, on-site repair services, assistance in case of loss of keys, changing flat tyres, fuel delivery, etc.

 Tyre Damage Add-on Cover

This add-on provides cover for damages such as in-tyre bulge, puncture or bursting of tyres, cut on a tyre due to an accident, etc.