New India Two-Wheeler Package

Key features

• ✓Largest PSU general insurer in India by premium
• ✓Wide branch network for offline service across India
• ✓Comprehensive, third-party, and standalone OD policies
• ✓Personal Accident cover for owner-driver up to ₹15 lakh
• ✓NCB up to 50% on renewals
• ✓Long-term 5-year third-party plan for new two-wheelers
• ✓Government-backed insurer with strong solvency

What’s included

• ✓Own damage from accidents
• ✓Theft of vehicle
• ✓Fire, explosion, self-ignition, lightning
• ✓Natural calamities (flood, earthquake, cyclone, landslide)
• ✓Man-made events (riot, strike, terrorism, malicious acts)
• ✓Third-party bodily injury and death liability
• ✓Third-party property damage liability
• ✓Transit by rail, road, air, inland waterways

What’s excluded

• ✕Normal wear and tear, depreciation
• ✕Mechanical or electrical breakdown
• ✕Driving under influence of alcohol/drugs
• ✕Driving without valid driving licence
• ✕Consequential loss
• ✕Damage outside geographical area
• ✕Use other than declared

Eligibility

Min age

18 years

Covers

Self

Policy term

1-year comprehensive; 5-year long-term third-party mandatory for new bikes

IDV

Based on vehicle age and model

NCB

20% / 25% / 35% / 45% / 50% tiered