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Health insurance just got 18% cheaper – no GST applicable!

Own damage bike insurance

  • Coverage against natural and man-made disasters
  • Reduces out-of-pocket expenses
  • Helps maintain bike’s value
Recent quote

HONDA MOTORCYCLE - ACTIVA (102CC)

IDV: ₹5,00,000

Premium

₹6,353 + GST
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Understand your vehicle registration number

Your vehicle registration number is the unique vehicle identification number issued by Regional Transport Office (RTO) and mentioned in your vehicle RC book. The vehicle registration number is printed on license plate and affixed to your vehicle.

Kindly note: While entering your vehicle registration number, please be careful about similar looking characters and number, like alphabet ‘O’ being used in place of number 0 or vice-versa.

  • 1 The first two letters together indicates the state in India where the vehicle is registered.
  • 2 The second group comprises two numbers, which represents RTO district code.
  • 3 The last group is usually a unique combination of a character(s) and four digits. If it’s 0001, please enter all the four digits and not just 1.

What is own damage insurance for bike?

An own damage two-wheeler insurance is a motor insurance policy that compensates you if your two-wheeler (bike or scooter) suffers damages due to natural or man-made disasters. These include fire, typhoon, hurricane, theft, accident by external means, etc. While third-party insurance is mandatory by law, having an own damage two-wheeler insurance ensures that are protected against the uncertainties you may on the road. This policy, also known as own damage bike insurance, can be further enhanced by opting for add-ons such as zero depreciation, roadside assistance and more.

Features of an own damage bike insurance

Here are some essential features of own damage bike insurance:

Robust protection

Own damage insurance offers robust financial protection if your bike suffers damages due to natural or man-made calamities such as fire, explosion, landslide, theft, riot, burglary, etc.

Additional covers and add-ons

Own damage insurance for bike also offers various other additional covers and add-ons for enhanced benefits. These include zero depreciation cover, consumables cover, garage cash add-on, etc.

No claims bonus

Own damage bike insurance offers no claim bonus (NCB) in the form of a discount on premiums if you don't make any claim during the policy period.

Benefits of a standalone OD two-wheeler insurance

A standalone own damage insurance has various benefits. Some of these are:

1

Covers damage to your bike

This insurance helps you pay for repairs if your bike gets damaged in fire, flood, hurricane or other unexpected events such as theft, terrorist activity, etc.

2

Saves out-of-pocket expenses

Repairs due to natural or man-made calamities can be a costly affair. Own damage insurance helps you avoid paying the full amount from your pocket.

3

Maintain bike’s value

You can keep your bike in good condition by repairing damages on time. This can help it retain value if you ever sell it in the future.

Why is an own damage two-wheeler insurance useful?

Own damage insurance is useful because it protects your bike from damage caused by fire, floods, theft, and various other dangers. If something happens to your bike, the insurance helps cover the repair or replacement costs. Thus, you don’t have to pay for everything from your own pocket. This can save you a lot of money and stress. It gives you peace of mind and allows you to drive peacefully.

Own damage bike insurance inclusions

  • Inclusions
  • Exclusions

The inclusions under own damage bike insurance are:

  • Cover for any loss or damage to your bike or its accessories due to fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide, etc
  • Cover for any loss or damage to your bike or its accessories due to 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 etc
  • You can opt for additional covers according to your needs, such as zero depreciation cover, garage cash add-on, key protect, engine protect plus, etc.

While own damage insurance for bike offers robust protection, it doesn’t offer coverage under certain situations. These include:

  • Accidental loss or damage incurred outside the geographical area
  • Any claim arising out of any contractual liability
  • Accidental loss or damage sustained during non-registration of the bike
  • Losses suffered if the bike is being driven without a valid licence
  • Any minor scratches to the vehicle, paint fading, wear and tear arising out of normal use

Third party vs own damage vs comprehensive bike insurance

The table captures key differences between third party, own damage and comprehensive bike insurance on various parameters:

Parameter Third party bike insurance Own damage bike insurance Comprehensive bike insurance
Coverage Covers damage/injury caused to another person, vehicle, or property Covers damage to your own bike only Covers both third-party and own damage
Mandatory by law Yes No No
Add-on covers available No Yes Yes
Premium Low Moderate High
Suitable for Those looking for basic protection mandated by law Those who already have third-party cover and want extra safety Those wanting full protection for themselves and their bike

Factors affecting standalone OD two-wheeler insurance premium

The factors affecting own damage insurance for bike are as follows:

Bike’s age

The bike’s age plays a crucial role in affecting premiums. As your bike gets old, its value goes down.

Bike’s make and model

Your bike’s make and model affect premiums. If your bike is a high-end bike with a higher engine capacity, you may need a higher coverage from your policy.

Your driving history

If you haven’t made any claims in the past, you get no claim bonus. However, if you have made claims in the past and have a history of accidents, it can affect premiums.

Add-on covers

Add-on covers chosen affect premiums. These are extra covers up and above the base policy for which you need to pay an extra amount.

How is own damage bike insurance premium calculated?

You can get an idea of your own damage premium by using an online bike insurance premium calculator. Here’s a simple way to understand how the premium is calculated:

Own damage premium = (Insured declared value or IDV × Insurer’s premium rate) + Cost of add-ons – Any discounts or benefits like no claim bonus or theft discount

This formula shows how much you might need to pay for the coverage.

How to buy own damage two-wheeler insurance online?

To buy own damage bike insurance online:

  • Visit our website here.
  • Click on ‘Bike Insurance’ under ‘Motor Insurance’
  • Enter your vehicle registration number, mobile number and click on ‘Get Quote’
  • Follow the appearing instructions, choose the policy and pay the premium to buy insurance

Standalone OD bike insurance: Claim process

Here’s how to make a claim from own damage bike insurance:

  • Claim intimation

    Inform us immediately regarding your claim through our toll-free number, website or IL TakeCare app. Also, fill out the claims form.

  • Garage visit

    Next, take your bike to the nearest network garage. You can find the list of network garages here.

  • Surveyor appointment

    The appointed claims manager will contact you and appoint a licensed surveyor basis claim eligibility within 24 hours of reporting the claim.

  • Submit documents

    Upload your documents on our website, WhatsApp, or ILTakecare App or send them to the assigned claims manager.

  • Repair approval and settlement

    The claims manager/ surveyor will assess and approve repair estimates. Cashless claims will be paid directly to the garage, while reimbursement claims will be paid to your bank account.

Documents required for filing a claim

The essential documents you need for filing a claim are:

  • Registration certificate of your bike
  • Driving license
  • Policy copy

We will let you know if you need to submit more documents.

Two wheeler insurance blog articles

Make Your Bike Smart and Eco-Friendly With These Hacks

This article offers hacks to make your motorcycle more eco-friendly and efficient. It suggests practical tips like regular servicing for a healthy engine, maintaining optimal tyre pressure, avoiding sudden acceleration, and using high-quality engine oil to reduce your carbon footprint.

02 Mar 2026
How to Keep Your Pillion Rider Safe During Long Distance Biking?

This guide focuses on ensuring the safety of a pillion rider during long motorcycle journeys. It highlights the importance of proper safety gear, clear communication signals, correct mounting techniques, and taking frequent breaks to prevent fatigue.

02 Mar 2026
How to Improve Your Riding Skills

The article provides key advice for improving motorcycle riding skills for enhanced safety. It covers essential techniques such as mastering braking and cornering, maintaining correct posture, looking ahead while riding, and the benefits of joining an advanced riding school for formal training.

02 Mar 2026
Read more articles

Frequently asked questions

What is own damage bike insurance?

Own damage bike insurance covers the cost of repairs or replacement if your bike is damaged due to an accident, fire, theft, or natural disasters like floods or storms.

Is own damage insurance compulsory?

No, it is not compulsory. Only third-party insurance is mandatory by law. But own damage insurance is very useful as it protects your bike.

What does own damage insurance cover?

It covers damage to your bike from accidents, fire, other natural disasters and man-made disasters like theft.

Can I get a No Claim Bonus (NCB) with own damage insurance?

Yes, if you don’t make a claim during the policy period, you can get a discount through NCB when you renew the policy.

Do I need own damage insurance for an old bike?

Yes, if you want to get covered for repair or replacement costs for your old bike. Note that even old bikes can be expensive to fix.

Can I add extra covers to own damage insurance?

Yes, you can choose add-ons like zero depreciation, roadside assistance, engine protection plus, etc., for better coverage.

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Disclaimers:

The information provided on this page is only an indication of the coverage offered. For complete details on risk factors, terms, conditions, coverages and exclusions, kindly refer the policy documents carefully before concluding a sale.

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