Two-wheeler Insurance – Detailed Disclosures

1. Product & UIN Disclosure

This page relates to the following Two-Wheeler insurance products:

Package Policy

IndusInd Two-Wheeler Package Policy – UIN: IRDAN103RP0011V02100001

Third-Party Liability Policy

“A” Policy for Act Liability Insurance (Two Wheeler) – UIN: IRDAN103RP0003V01200102

Coverage under each product is governed strictly by the respective policy wording, endorsements and Customer Information Sheet (CIS).

2. Premium Disclosure

Two-Wheeler insurance premium is paid for coverage against risks associated with owning and operating a vehicle, including accidental damage, theft and third-party liability.

Premium varies based on:

Vehicle make and model

Cubic capacity

Vehicle age

Registration location / RTO

Insured Declared Value (IDV)

Policy tenure

Add-ons selected

No Claim Bonus (NCB) eligibility

Claims history

Underwriting assessment

Applicable regulatory guidelines

Any premium illustration displayed on the website is indicative and excludes applicable taxes (e.g., GST), unless stated otherwise.

Motor Third-Party Liability premium is regulated under applicable law and may be revised by IRDAI/MoRTH from time to time.

Risk cover commences only upon receipt of premium in accordance with Section 64VB of the Insurance Act, 1938.

Premium illustrations are periodically reviewed and may be updated without prior notice to reflect pricing revisions.

3. Premium Illustration – TVS Jupiter

Where a “Starting at ₹___” or similar pricing statement is displayed for TVS Jupiter, such premium is calculated based on the following illustrative configuration:

Vehicle: TVS Jupiter

Cubic Capacity: Less than 110 cc

Policy Type: 1-Year Own Damage Policy

Insured Declared Value (IDV): ₹34,766

Annual Premium: ₹233 (excluding applicable taxes)

Monthly Illustration: ₹19 per month (₹233 ÷ 12)

The above premium:

Applies only to the specified configuration

May not apply to other variants, IDV selections or geographical locations

Excludes applicable taxes unless stated otherwise

Does not represent a guaranteed premium for all customers

Where monthly premium is displayed, it is derived for illustration purposes only and does not constitute a separate monthly policy unless explicitly offered under an approved instalment facility.

Actual premium payable will be determined at the time of quote generation based on vehicle details and underwriting assessment.

4. Discount Disclosure

Discounts:

Apply only to the Own Damage component

Do not apply to Third-Party Liability premium

Vary based on vehicle specifications, NCB eligibility, geographical location, vehicle risk category and underwriting guidelines

May change upon entering final vehicle and risk details

Savings/discount percentages displayed on the website are indicative and subject to eligibility.

Certain vehicle models or risk categories may not be eligible for specific discounts as per underwriting guidelines.

5. Network Garage Disclosure

The number of garages mentioned on the website represents the total number of garages empanelled across the country for different vehicle categories.

Cashless repair facility is available at network garages subject to:

Policy coverage

Claim admissibility

Surveyor assessment

Repair authorization

The network garage list is dynamic and may change periodically.

6. Scope of Coverage

Two-Wheeler Package Policy may include:

Own Damage

Third-Party Liability

Personal Accident cover (where applicable)

Add-on covers (if opted and premium paid)

Third-Party Liability Policy includes:

Legal liability arising from death or bodily injury to third parties

Damage to third-party property

Third-Party Liability policy does not provide coverage for damage to the insured vehicle.

The extent of coverage depends on the policy variant selected.

7. No Claim Bonus (NCB)

No Claim Bonus:

Is earned upon completion of a full policy term

Is applicable at renewal

May lapse if the policy is not renewed within the permissible period

Is subject to verification of prior insurer records

Incorrect declaration of NCB may result in premium adjustment or policy cancellation.

8. Inspection & Underwriting

Policy issuance may be subject to:

Vehicle inspection (particularly in break-in cases)

Underwriting review

Submission of required documentation

Inspection waiver, if offered, applies only to eligible vehicles as per underwriting guidelines.

The insurer reserves the right to revise or cancel coverage in case of material misrepresentation.

9. Geographical Limits

This insurance policy is valid only within the geographical limits specified in the policy document (typically India), unless endorsed otherwise.

10. General Exclusions (Illustrative)

Two-Wheeler policies generally exclude:

Wear and tear

Mechanical or electrical breakdown

Consequential loss

Driving without a valid licence

Driving under the influence of alcohol or drugs

Use outside limitations as to use

War, invasion, civil war

Nuclear risks and radioactive contamination

This list is illustrative and not exhaustive. Please refer to the policy wording for complete exclusions.

11. Prohibition of Rebates

In accordance with Section 41 of the Insurance Act, 1938 (as amended), no person shall offer or accept any rebate of premium except as permitted under applicable regulations.

12. Privacy & Data Usage

Personal information provided during policy purchase or claim processing will be used in accordance with the Company’s Privacy Policy for underwriting, servicing and claims administration purposes.

13. Grievance Redressal

Grievance redressal procedures are governed by applicable IRDAI regulations. Customers may refer to the Grievance Redressal section on the website for details.

14. Governing Clause

Website content is for informational purposes only. In the event of any inconsistency between website content and the policy document, the policy wording shall prevail.

Insurance products are subject to underwriting and regulatory guidelines.

Insurance is the subject matter of solicitation.