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Own-Damage Bike Insurance, Starting at Just ₹18/Month*
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Up to 80% discount
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11,000+ cashless garages
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AI-assisted claims via the app
Own-Damage Bike Insurance
Own-Damage Bike Insurance, also known as a Standalone Own Damage (SAOD) policy, is a dedicated insurance policy that covers your bike or scooter in the event of damage or loss. For example, it will cover repair costs due to accidents, collisions, natural disasters, fires and bike theft. An SAOD policy is an optional cover that can be purchased separately if you already possess a third-party bike insurance policy, according to IRDAI regulations effective from September 1, 2019.
For instance, if you purchase a new bike or scooter from a dealership, the dealer will typically provide you with a 1-year Own Damage policy along with 5 years of Third-Party insurance in accordance with IRDAI guidelines from August 2020. While your Third-party insurance remains valid, after the first year of your policy, you have the option to buy our SAOD plan to ensure your bike stays covered.
IndusInd own-damage bike insurance (formerly Reliance own-damage bike insurance) offers coverage starting at just ₹18 per month*. Under our plan, you can enhance coverage with 15+ add-ons, including zero depreciation and engine protector, while enjoying quick claims!
What Is Own-Damage Insurance for Bikes?
Eligibility Criteria for OD Bike Insurance
Third-Party Policy Required: The policyholder must already have a valid third-party bike insurance policy. This is mandatory before purchasing a standalone OD cover.
Private Use Only: The two-wheeler must be for private use. Commercial vehicles are not eligible unless covered under a special plan.
Valid Documents Needed: The vehicle must have a valid Registration Certificate (RC), a Pollution Under Control (PUC) certificate, and meet roadworthiness norms.
Driving Licence Mandatory: The owner or rider must hold a valid driving licence at the time of buying the policy and also at the time of any claim.
Inspection for Older Bikes: If the bike is older or modified, the insurer may request a vehicle inspection before issuing the policy.
Five-Year Purchase Window: As per IRDAI’s 2019 guidelines, OD bike insurance can only be purchased within five years from the vehicle’s first registration date.
NCB Eligibility Conditions: No Claim Bonus (NCB) benefits apply only if the previous OD policy was active and correctly transferred or renewed without a break.
Why 8 Crore+ Policyholders Choose Us?
Buying own damage bike insurance online from IndusInd General Insurance (formerly Reliance General Insurance) is quick, convenient, and offers instant coverage on purchase. With us, you enjoy fast, 24/7 tech-enabled services and unmatched savings.
Up to 80% Online Discount*
When you buy or renew digitally
Access to Video Claims*
File claims on your phone via our app
24/7 Breakdown Assistance
Dedicated & expert assistance
11,000+ Network Garages*
Highest network across India
Benefits of Own-Damage Bike Insurance
Covers Damage to Your Two-Wheeler
Own-damage bike insurance covers damages caused to your bike that a third-party insurance doesn’t pay for during an accident. If you bought your vehicle after 2019 and it is less than 5 years old, this is the policy you need, even if you already have third-party cover offered by your dealership.
Instant Mobile Self Survey
Raising a claim after an accident can be stressful! With the IndusInd Insurance App, you get instant claim registration for your Own Damage policy, along with video-based inspection initiated through your mobile. This not only saves time and effort but also ensures a speedy claim settlement with minimal paperwork.
Access to Cashless Repair
With IndusInd Own Damage Insurance, get access to a vast network of partner garages across India! No matter where your bike or scooter breaks down, our 11,000+ network of garages across India ensures you have access to cashless repair services without paying a penny out of your pocket. That's right, we settle the repair costs for you!
Affordable Premiums
Imagine having the flexibility to buy your two-wheeler policy for only the time you ride your bike or scooter! Our Standalone Own Damage policy comes with the flexibility to buy and renew for shorter tenures, such as 3-4 months*, thereby reducing the impact on your budget. You can also go for long-term plans and still get discounts*.
Extended Protection with Add-Ons
We offer 15+ add-ons* under your plan to help reduce out-of-pocket costs. By choosing covers such as zero depreciation, engine protection and key replacement, you get enhanced protection for your bike or scooter. You can even tweak the insured value of your bike to suit your budget.
Personal Accident Cover
You can now get a Personal Accident (PA) cover of ₹15 lakhs* with your SAOD bike insurance, as mandated by IRDAI, in case you do not have any other personal accident policy of similar value. This will help cover any medical costs you may incur for treating injuries sustained in an accident.
What Does Own Damage Insurance for Bikes Cover?
What Is Covered?
Accidents and Collisions: Repair and medical costs incurred during accidental damage caused to someone or their property, as well as damages to you or your vehicle.
Natural /Man-made Disasters: Damages resulting from natural disasters such as floods, earthquakes, cyclones, landslides, as well as man-made disasters, riots, strikes, vandalism, or acts of terrorism.
Animal / Rodent Damage: Any animal-induced damage, like a rat bite or wild animal attacks that cause internal or external damage to your bike or scooter.
Theft of the Insured Car: Offers compensation if your bike or bike parts are stolen. The payout is based on the bike’s IDV (market value).
Fire or Explosion: If your bike or scooter catches fire, while parked or in motion, or is damaged by an explosion.
What Is Not Covered?
Wear & Tear and Depreciation: We cover all repair costs, except those arising from wear and tear and the natural degradation of parts that occur with regular use.
Accessories: You're fully covered for factory-fitted accessories under the base plan. However, any electrical and non-electrical accessories fitted to your bike after purchase require add-on coverage.
Law Violations: You're fully covered for accident-related claims except for ones arising out of law violations or illegal activity involving your bike.
Outside Coverage Zone: You get pan-India coverage, but if you want coverage outside Indian borders, you'll need the geo-extension add-on.
Disclaimer: Kindly go through your policy wordings for a detailed list of inclusions and exclusions.
Protect your bike from the unexpected
One call = Total bike protection
Factors to Consider when you Buy/Renew OD Insurance Online
Choose the Right Policy Duration
Our Standalone Own Damage Insurance comes with the flexibility of choosing your policy tenure, whether it is for a few months or 5 years*, you can pick an annual, short-term or multi-year OD policy based on your needs. A long-term plan saves you from yearly renewals and premium hikes. A short-term plan offers temporary, affordable coverage.
Adjust the IDV Smartly
Your Insured Declared Value (IDV) is the current market value of your two-wheeler that you get when your vehicle is irreparably damaged or stolen. Your choice of IDV directly affects the premium charged, so it is advisable to keep it at an optimal level to achieve an affordable premium without a significant loss in value during claims.
Check Available Add-Ons
Our 15+ bike insurance add-ons offer comprehensive benefits along with maximum coverage. Choose from add-ons like nil dep, engine protect, helmet cover, and more for comprehensive protection for your bike or scooter.
Highest Partner Garages
An unforeseen incident can occur at any time! No matter where your bike or scooter breaks down in India, our 11,000+ partner garages* ensure you have access to cashless repair services without paying a penny.
Add-ons Available with IndusInd Own-Damage Bike Insurance
Extend the coverage of your own-damage bike insurance by adding these optional add-on covers. Each add-on gives you extra protection and reduces the amount you may have to spend from your pocket after a mishap.
Nil Depreciation Cover
Popularly known as Bumper to Bumper, this add-on ensures that at the time of a claim, you get full claim amount for replaced parts like plastic, rubber and fibre without any deduction for depreciation. It typically covers up to two claims a year.
Engine Protection Cover
Engine repairs can be expensive following an accident. This add-on cover addresses damages resulting from engine failures, oil leakages, water ingression, hydro lock, and more, which are typically not included in your standard insurance policy.
Helmet Cover
If your helmet gets stolen or damaged in an accident, we reimburse you for its replacement. A valuable add-on since helmets are both costly and legally mandatory. This way, you stay safe while on the road.
Key Replacement Cover
If your bike keys or lockset are lost, stolen or damaged, this add-on covers the cost of replacing or repairing them. It also covers digital keysets since most modern bikes do come with them.
Tyre Protection Cover
This add-on covers cost for repairs or replacement if they burst, bulge or get cut due to impact or road conditions. Given how expensive tyre replacement is, this add-on is a must for two-wheeler owners.
NCB Retention Cover
If you have built up a No Claim Bonus over time, this add-on cover lets you keep that discount even after filing a claim. This is applicable for up to one claim in a policy year and helps you retain discounts on renewal premiums.
Consumables Cover
The cost of consumable replacements or additions during repairs can add up and increase your repair bill! After an accident, you may need to replace the engine oil, nuts, bolts, and brake fluid on your bike. This add-on helps cover the cost of such consumables, which are usually excluded from standard plans.
EMI Protection Cover
If your bike is undergoing repairs in an authorised garage for more than 21, 42, or 63 days* due to major damage after an accident, this add-on cover pays up to three of your bike loan EMIs so that your loan doesn’t become a financial stress. A useful cover if you're still paying off your bike loans.
Daily Allowance Benefit
If your bike or scooter has been under repair in a network garage for more than 2 days, this cover gives you a fixed daily allowance* to help you pay for alternative transport until your bike is back on the road. The amount is decided based on your policy SI and the value of your vehicle.
Return to Invoice (RTI)
Get your bike’s original invoice price if your bike is stolen and not found or is declared a total loss after a major accident. We will also refund one-time registration charges, road tax and insurance costs, making this cover a great addition to your bike insurance policy.
Rim Protector
The rim damage add-on is designed to help when your bike's wheel rims are accidentally damaged, making them unfit for use. This cover pays for the repair or replacement of damaged rim(s), labour charges, wheel alignment and balancing and consumables.
Hospital Cash Cover
You get a daily payout if you are hospitalised for over 24 hours due to injuries from an accident. The coverage kicks in when your hospital stay or admission lasts more than 7 days, and you will receive an additional amount for recovery.
Two-Wheeler Assistance
This is a 24/7 roadside assistance add-on that helps if your bike breaks down, has a flat tyre, runs out of fuel or gets locked in a remote location with no garages nearby. It covers towing, on-site repairs, fuel delivery and more, so help is always there when you need it.
Voluntary Deductible
If you choose a voluntary deductible (an amount you agree to pay from each claim before we cover the rest), your premium is reduced. But remember, for every claim (even if your bike is a total loss), you have to pay this amount first before your insurance coverage kicks in.
E-Bike Battery Protect
It helps cover the cost of repairs or replacement of your EV bike's battery if it is damaged by events such as power surges, water entering the engine, or accidents. This can be a useful add-on since the battery is the most expensive part of an EV bike.
Electric Motor Protect
The Electric Vehicle Electric Motor Cover provides financial support for repairs or replacement of the electric motor, differential or transmission units of your EV bike in case they get damaged due to water getting into the electric motor or oil leakage.
Electric Bike Charger
If your electric bike's charger and its parts, like cables and adapters, get damaged by things like fire, flooding, power surges or accidents, the electric vehicle charger add-on covers the expenses for the repairs or replacement of the charging unit.
Key Features of IndusInd Own-Damage Bike Insurance
Coverage
Covers your bike against accidents, fire, natural calamities and theft.
Discounts on Premiums
Get up to 80%* online discount + up to 50%* No Claim Bonus on renewal
Add-Ons
Choose from 2* specialised add-on bundles offering comprehensive covers
Cashless Repairs
Available at 11,000+ network garages* with pickup and drop service
Instant Policy Issuance
100% digital, paperless process + IDV customisation
Quick Claims Intimation
Instant claim registration and video-based inspections on the IndusInd Insurance app.
Claim Survey
Claim survey within 24 hours of raising a claim
24/7 Customer Support
Expert assistance and WhatsApp support available round the clock
Personal Accident (PA) Cover
Up to ₹15 lakhs* + Can be Extended to Cover the Passenger
Types of IndusInd Own-Damage Bike Insurance Policies
Standalone Own-Damage Insurance Plan
This one-year plan, purchased over and above your third-party policy, covers damages to your two-wheeler due to accidents, fire, natural calamities or theft. Ideal for everyday riders who want reliable, affordable and renewable protection year after year. We also offer long-term options up to 5 years*.
Short-Term Own-Damage Insurance
A flexible, limited-duration policy that protects your bike for a short span. Perfect for temporary use or seasonal riders, this policy offers the same coverage benefits without the long-term commitment. E.g., You don't ride your bike during monsoons, so you'd only need own damage coverage for a couple of months.
Disclaimer: The prices, discount rates and other metrics provided are subject to change and will depend on the policy you choose to buy. For more detailed information, you can check your policy documents or contact us.
Difference Between Own Damage (OD) and Comprehensive Insurance
The difference between own-damage insurance and comprehensive bike insurance is in their coverage.
Own-damage (OD) bike insurance covers damage to your own two-wheeler due to accidents, theft, fire, or natural calamities. It does not cover third-party liabilities.
On the other hand, comprehensive bike insurance includes both own damage and third-party cover in one policy, offering broader protection.
Here is a quick comparison:
Parameters |
Own-Damage Bike Insurance |
Comprehensive Bike Insurance |
|---|---|---|
Scope of Coverage |
Covers damage to your own bike due to accidents, natural calamities, fire and theft. |
Covers own damage plus third-party liability in a single policy for complete protection. |
Third-Party Damage |
Not included. Requires a separate third-party policy to meet legal and regulatory needs. |
Included by default. Covers injury, death, or property damage caused to third parties. |
Cost |
Lower premium. Must be paired with a third-party plan for complete legal compliance. |
Higher premium as it combines both own damage and third-party coverage benefits. |
Eligibility |
Requires an active third-party policy before buying standalone own damage insurance. |
Open to all two-wheeler owners, with no preconditions or policy restrictions. |
Add-Ons |
Includes a limited set of optional add-on covers and benefits. |
Offers broader customisation with a wide range of valuable add-ons for extra protection. |
Recommended For |
Ideal for TP cover holders who want extra protection for their own two-wheeler. |
Best suited for riders seeking complete, all-in-one protection in a single policy. |
Eligibility |
Only available with a valid third-party bike insurance policy |
A must-have for all bike owners |
Add-Ons |
Limited add-ons available |
Not Available |
Discounts Available |
Up to 80%* |
No Discount |
Cashless Repairs |
11,000+ Network Garages* |
Not Available |
Recommended For |
Drivers who have a third-party policy and want coverage for their bikes |
Everyone who uses a two- wheeler |
Disclaimer: Discount percentages are subject to change based on the age of the vehicle, vehicle make and model, and your chosen plan options. You can always contact us to ensure you have the most up-to-date information on your applicable discount percentages.
Who Should Buy Own-Damage Insurance for Two-Wheelers?
How Is Own-Damage Bike Insurance Premium Calculated?
Vehicle-Related Factors
Several vehicle-specific factors affect how own damage insurance two-wheeler premium is calculated. These include your bike’s Insured Declared Value (IDV), which reflects its current market worth. Other factors include the age of the bike, make and model, fuel type, registration zone, and whether it is used for personal or commercial purposes.
Policy-Related Factors
The OD insurance for bike premiums also depends on policy-related choices. A short-term policy usually costs less than a long-term one. Premium also varies based on selected add-ons, the amount of voluntary deductible, No Claim Bonus (NCB) earned from previous years, and your past claim history.
How You Can Reduce Your OD Insurance Premium
To lower your premium, maintain a claim-free record and accumulate NCB. Opt for an IDV that balances value and cost, and only choose essential add-ons. Installing anti-theft devices certified by ARAI and avoiding frequent small claims can further reduce your costs while maintaining your protection.
How to Buy or Renew Own Damage Insurance for Bikes Online?
Steps to Buy
Scroll up to the form and enter your details. Use the calculator on this page to get a quote.
Enter the bike’s registration number and personal details > ‘View Prices’.
Select your bike insurance IDV, add-ons and coverage options as required.
Choose the most suitable policy > ‘Buy Now’
Proceed with the payment to receive your OD bike policy instantly.
Steps to Renew
Go to the top of this page and click the "Renewal" tab on the form.
Enter your bike's details and your phone number > Click on ‘Go’.
Enter the bike's chassis number, engine number or registration number.
Update or modify your plan based on your requirements.
Make the payment to renew your policy instantly.
How to Lodge an Own-Damage Bike Insurance Claim?
Online Claims via App
Step 1
You must inform us within 24 hours or register your bike insurance claim on the IndusInd Insurance app.
Step 2
A nearby surveyor is auto-assigned to inspect and assess the damage. This will be done within 24 hours.
Step 3
You can get your vehicle inspected using the IndusInd Insurance app, just submit photos or join a live video survey.
Step 4
As part of the document verification, upload RC, policy, DL, FIR (if needed), and repair estimate.
Step 5
After your surveyor's report is reviewed and the documents are verified, the insurer gives the go-ahead for repairs to begin.
Step 6
Your vehicle will be taken to the garage. If it is a network garage, the process is cashless; otherwise, the cost will be reimbursed.
Step 7
Once repairs are done, the final bill is either settled directly or reimbursed upon invoice submission.
Cashless Repair at Network Garages
Step 1
To initiate a claim, call 022-48903009 and report the accident, theft, or damage as soon as it happens.
Step 2
Visit a network garage for repairs. You can use our garage locator tool to find your nearest network garage. We will send a surveyor to check the extent of damage to your bike.
Step 3
You can also do a self-inspection using the IndusInd Insurance app, just submit photos or join a live video survey.
Step 4
Submit all your claim documents and wait for approval from our team. This can take 7 days (after document submission).
Step 5
After we approve your claim, we pay the bill directly to the garage and drop off your bike at your address.
Reimbursement Claims
Step 1
You must notify us within 24 hours. You can also register your claim instantly on the IndusInd Insurance app.
Step 2
Go to any garage of your choice to get your bike repaired. Pay the repair bills and keep all bills and receipts.
Step 3
Register your claim on our website. Download and fill out the claims form and upload it with your other documents.
Step 4
As part of the document verification, upload RC, bike insurance policy certificate, driver's licence, FIR (if needed), and repair estimate.
Step 5
Upon approval of your claim, we will transfer the claim amount directly to your bank account.
Disclaimer: For precise claim-related information, please refer to our policy documents or get in touch with our customer helpline.
Bike insurance starting at just ₹18 per month*
Insure Your Bike in Minutes!
Our own damage bike insurance plan is the perfect way to get affordable coverage for your bike. With us, you get to choose long-term or short-term coverage to fit your bike usage.
Documents Required for Own-Damage Bike Insurance Claim
Claim Form or E-claim Form – filled & signed, where mobile no. is verified
Copy of Police Documents/First Information Report (FIR) (If applicable).
Copy of Policy/Cover note. Can be downloaded via the IndusInd Insurance app.
Copy of Fitness Certificate, Driving Licence and Registration Certificate
Copy of Route Permit and Road Tax (for commercial vehicles)
Payment Receipt,NEFT form and cancelled cheque, AML documents ( > 1 Lac )
Disclaimer: Check out the complete list of own-damage claim documents here.
Key Takeaways
IndusInd own-damage bike insurance (formerly Reliance own-damage bike insurance) covers your bike against damage from accidents, natural disasters, fire and bike theft. It’s a great way to get affordable coverage for your bike since it’s often cheaper than getting a comprehensive plan if you already have a third-party bike insurance policy.
With our policy, you get coverage starting at just ₹18 per month*, instant buying and renewal processes online, 24/7 customer support and quick claims through the IndusInd Insurance app. So, in case of accidents or damage, you can quickly contact us and file bike insurance claims through your phone.
You also get access to 15+ add-on covers, so you can enhance coverage, up to an 80% discount on premiums, and the flexibility to choose between short and long-term plan options, ranging from 1 month to 5 years. Get a #ZeroTensions Policy with IndusInd General Insurance today!
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