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Home  NRI Two Wheeler Insurance | | |
Two Wheeler Insurance - Introduction
Two- wheeler riding calls for a constant alertness from theft and accidents. Two-wheeler policy guarantees safety for your vehicle and yourself, thereby making your ride stress- free.
Buy Two Wheeler Insurance policy online. Dial-A-Policy to buy your policy over the phone. Call US toll free at 8777 7703 63, UK: 0 8081 203960 others: +91 022 66942400 (chargeable).
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Policy Details
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| Policy Coverage
Two-wheeler insurance policy is governed by the Indian Motor Tariff. It covers you for:
 | Loss or damage to your vehicle: The policy covers you against any loss or damage caused to the vehicle or it’s accessories due to the following natural and man made calamities.
Natural Calamities – Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
Man made Calamities – Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.
The rates of the vehicle and its parts are subject to depreciation as per the schedule provided by the Indian Motor Tariff. |
| Personal accident cover: The motor insurance provides compulsory personal accident cover of Rs. 1 lakh for individual owners of the vehicle while driving. You can also opt for a personal accident cover for passengers. |
| Third party legal liability: This protects you against legal liability arising due to accidental damages
- Any permanent injury/ death of a person
- Any damage caused to the property |
Click here to view our Policy Exclusions.
For more details, kindly refer to the Policy Wordings.
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| Back to top | | | Key Benefits
| A digitally signed policy is issued immediately through online facility. |
| You can pay through your ICICI Bank Credit Card and avail of Interest-Free equal monthly installments (EMI) for your premium.
Note: EMI option subject to minimum annual premium of Rs. 1500. Click here to know more. |
| Avail of the following bonuses and discounts -
No Claim Bonus: If you do not make a claim during the policy period, a No Claim Bonus (NCB) is offered on renewals. This discount can go as high as 50%. (NCB will only be allowed provided the policy is renewed within 90 days of the expiry date of the previous policy.)
Transfer your NCB: You can transfer full benefits of No Claim Bonus when you shift your motor insurance policy to another company.
The discount rate remains the same, provided you show evidence that you are entitled to No Claim Bonus from your previous motor insurance company.
Evidence can be in form of
| A renewal notice or |
| A letter confirming the NCB entitlement from the previous insurer |
| A written declaration |
Click here to view the wordings of the written declaration
Voluntary Excess discount: A further discount on the premium is available if you opt for Voluntary Excess in addition to the Compulsory Excess. (Compulsory Excess is the amount of loss that the insured has to bear in each and every claim.) |
| Cover yourself and your family: You can also opt for personal accident cover of Rs. 1 Lakh for other unnamed passengers in your car. For e.g. your family, relatives, friends etc. |
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| Back to top | | | Sum Insured
The vehicles are insured at a fixed value called the Insured’s Declared Value (IDV). IDV is calculated on the basis of the manufacturer’s listed selling price of the vehicle (plus the listed price of any accessories) after deducting the depreciation for every year as per the schedule provided by the Indian Motor Tariff.
If the price of any electrical and / or electronic item installed in the vehicle is not included in the manufacturer’s listed selling price, then the actual value (after depreciation) of this item can be added to the sum insured over and above the IDV.
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| Back to top | | | Need for Policy
| According to a report by IIT Delhi on Traffic Injuries and Fatalities in India, road traffic accidents take a toll of almost 1.2 million people a year and additionally injure or disable between 20 million and 50 million annually |
| Two-wheeler Insurance serves as an add-on to the mandatory third-party cover and protects the car owner from financial losses, caused by damage or theft of the vehicle |
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| Back to top | | | Why buy online
Why buy online at www.icicilombard.com? We give you a few of many reasons why -
| Digitally signed policy is available 24X7 online, customer can take prints instantly. The hard copy of the policy is couriered the same day (or next day if customer buys after 6 PM) and will reach him/her within 2-3 working days. |
| 0% EMI option: You can pay online through ICICI Bank Credit Card at 0% EMI (interest-free EMI).
Note: EMI option subject to minimum annual premium of Rs. 1500. Click here to know more. |
| No Paperwork |
Two Wheeler Product Code: Motor 05
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