Scooter Insurance

This is the amount you have to pay to maintain the coverage of your scooter insurance policy. It can be paid yearly/half-yearly/quarterly/monthly or all at once upon purchase.

It refers to the duration for which you receive scooter insurance coverage for your scooter. For example, we offer scooter insurance coverage up to 5 years*.

Third-party liability coverage in scooter insurance protects you if your scooter accidentally causes injury or property damage to another person in an accident. This coverage is mandatory in India and helps pay for compensatory costs in your place if your scooter causes accidental damage/injury to another person or their property.

An Own Damage Cover financially protects you if your scooter is damaged due to an accident, natural disasters or man-made events, such as riots and strikes. This cover helps pay for repairs or replacement of your own scooter. It also covers theft if your scooter is stolen and never recovered by paying your scooter’s IDV amount.

This is the current market value of your scooter. It’s also the maximum amount your insurance provider will pay you if your scooter is damaged beyond repair in an accident or is stolen and never recovered. At IndusInd General Insurance, we offer IDV customisation by allowing you to choose your IDV amount during purchase from a preset range based on your scooter’s make and model, so that you can choose the best one suited to you.

This refers to a fixed amount you agree to pay before your scooter insurance plan begins to cover the remaining expenses. It comes in two types: compulsory and voluntary deductibles.

A compulsory deductible is set by IRDAI based on your scooter’s engine or battery capacity (cc or KW). This amount is mandatory and must be paid regardless of what scooter insurance policy you buy. Our scooter plans with OD coverage are subject to a mandatory deductible of ₹100*.

Voluntary deductible is an additional amount you opt to pay on top of your compulsory deductible. You can choose your voluntary deductible amount while buying or renewing your policy.

Voluntary deductibles in scooter insurance allow you to lower your premium. With us, you can opt for a voluntary deductible between ₹500 and ₹3,000, and reduce your own damage premium by 5% to 25%, subject to a maximum of ₹250*.

Personal Accident Cover in scooter insurance provides financial support to you and your family in case of partial/permanent disability or loss of life due to an accident. It offers a lump sum payout of up to ₹15 lakhs* for loss of limb(s), loss of eyesight, permanent total disablement and accidental death. According to the Motor Vehicles Act, 1988, this is also a mandatory cover in India.

For example, if you suffer permanent total disablement from an accident, your PA cover pays 100% of the insured amount. However, the total payout cannot exceed ₹15 lakh during any single policy period.

This is a discount offered for not filing any claims during the policy term/year. It can be used to reduce the premiums at the policy renewal.

We offer a renewal discount on own damage premiums starting at 20% on the first year, up to a maximum of 50%* for 5 consecutive claim-free years. To keep your NCB, you must renew your policy within 90 days of expiry; otherwise, your accumulated discount will lapse and cannot be transferred.

These refer to the additional covers that can be purchased along with your scooter insurance policy to increase the coverage. You can also add or remove from your scooter policy during renewals.

It is the period during which you can renew your scooter insurance policy and restore the benefits after its expiry. The grace period under our plans is typically 90 days. Note that once the grace period is over, you cannot reinstate the policy. You will lose all the benefits as well.

Network garages refer to our empanelled auto-repair facilities, where you can take your insured scooter after an accident and get it repaired cashlessly by certified professionals. We settle your repair/replacement costs directly at your chosen network garage, so you don’t have to bear the hefty repair expenses. 

We offer 11,000+ network garages* across India, which you can find using our garage locator tool or the IndusInd Insurance app.

A cashless claim in scooter insurance is a convenient option for filing claims. With this option, you can get a direct settlement of your scooter repair expenses between the authorised garage and the insurer. 

However, you must remember that this facility is only available to you if you choose a garage within the insurer’s network. With IndusInd General Insurance, you can get cashless settlement at any of our 11,000+ network garages.

This refers to the decrease in value of your scooter and its parts due to wear & tear and time. When you raise a claim, your insurer will calculate the depreciated value of your scooter parts to be repaired/replaced and subtract that value from your total claim amount. So, you will have to pay the depreciated amount out of pocket.

If the insured scooter has been destroyed or has been rendered permanently incapable of use, it is declared a total loss claim. Your scooter is also considered a total loss if it is stolen and has not been recovered.

If your scooter repair costs exceed 75% of your scooter’s IDV, the insurance company will consider it a constructive total loss, as it may be more cost-effective to buy a new scooter than to repair the old one.