Own damage bike insurance, starting at just ₹19/month*

Up to 80% Discount*
11,000+ Cashless Garages*
AI-Assisted Claims via Self-i*

Journey Product Client Extension

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 ₹19 per month*. Under our plan, you can enhance coverage with 10+ add-ons that include covers like zero depreciation and engine protector, while enjoying quick claims!

Why 5 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 Self-i

24/7 Breakdown Assistance

Dedicated & expert assistance

11,000+ Network Garages*

Highest network across India

Benefits of Choosing 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, then this is the policy you need, considering you may already have a third-party cover offered by your dealership.

Instant Mobile Self Survey

Raising a claim after an accident can be a stressful event! With the IndusInd Self-i 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 garages* across India ensure you get access to cashless repair services without paying anything from your pocket. That's right, we settle the repair costs for you!

Affordable Premiums

Imagine having the flexibility to buy your two-wheeler policy only for the duration 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 10+ add-ons* under your plan to help reduce out-of-pocket costs. By choosing covers like 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 have to pay for treating injuries sustained during an accident.

Key Features of IndusInd Own-Damage Bike Insurance

Coverage

Covers your bike's 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 IndusInd Self-i.

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 Reliance Own-Damage Bike Insurance Policies

1 Stand Alone 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*.

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2 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.

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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

Money Saver

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

Extra Scooter Protection

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

Extra Scooter Protection

If your helmet gets stolen or damaged in an accident, this cover reimburses you for its replacement. It is a valuable add-on since helmets are both costly and legally mandatory. This way, you stay safe while on the road and are covered for out of pocket costs.

Key Replacement Cover

Extra Scooter Protection

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

Extra Scooter Protection

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

Money Saver

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

Money Saver

The consumable replacement or addition during repairs accounts for 5-10% of your repair bill! After an accident, you may need to replace engine oil, nuts, bolts and brake fluid. This add-on covers the cost of such consumables, which are usually excluded from standard plans.

EMI Protection Cover

Money Saver

If your bike is undergoing repairs in a network 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.

Daily Allowance Benefit

Money Saver

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.

Own-Damage Bike Insurance Add-on Packages

We offer 15+ add ons to ensure you get the most comprehensive protection when it comes to your Bike. Now get extra protection with bundled own-damage bike insurance packages with Reliance General Insurance to make the choice convenient for you.

Bike Secure Plus Cover

Nil Depreciation Cover
Engine Protection Cover
Consumables Cover

Bike Secure Premium Cover

Nil Depreciation Cover
Engine Protection Cover
Consumables Cover
Key Replacement Cover

Own-Damage Bike Insurance – Inclusions & Exclusions

What is Covered (Inclusions)

Accidents and Collisions: Repair and medical costs incurred during accidental damages 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 rat bite or wild animal attacks that cause internal or external to your bike or scooter.

Theft of the Insured Car: Offers compensation if your car or car parts are stolen. The pay out is based on the car’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 (Exclusions)

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.

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 year 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.

Check Available Add-Ons

Our 2 pre-bundled add-on packages* offer comprehensive benefit along with maximum coverage. Choose from Secure Plus or Secure Premium to ensure extensive protection for your bike or scooter.

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 has a direct impact on the premium charged and hence it is advisable that you keep it optimum enough for affordable premium without any major loss in value during claims.

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 get access to cashless repair services without paying anything from your pocket.

How to Buy/Renew Standalone Own-Damage Bike Insurance Online?

Steps to Purchase

Scroll up to the top of this page and click on the "Buy" tab, and enter your details

Enter bike’s registration number and personal details > ‘View Prices’.

Select your IDV, add-ons and coverage options.

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 "Renewal" on the calculator

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.

Bike insurance starting at just ₹19 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.

Learn more

How to Lodge an Own-Damage Bike Insurance Claim?

Online Claims

Step 1

You must inform us within 24 hours or register your bike insurance claim on the Self-i 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 Self-i 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 report is reviewed and documents 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

Offline Claims

Step 1

To initiate claim, call on 022-48903009 and report accident, theft, or damage as soon as it happens

Step 2

A surveyor will be assigned and contact you within 24 hours. Ensure you cooperate with them.

Step 3

The Surveyor inspects damage, takes photos, and prepares a detailed report to submit to us.

Step 4

You will be asked to verify documents - policy, RC, DL, FIR (if needed), and repair estimate

Step 5

Once your documents are verified and repair work is approved, you can get your bike repaired at the garage.

Step 6

Vehicle goes for repairs. In case it is a network garage, the process will be cashless otherwise the claim will be reimbursed later

Step 7

After the repair is complete, final bill is settled directly or reimbursed after invoice submission

Disclaimer: For precise claim-related information, please refer to our policy documents or get in touch with our customer helpline.

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 IndusInd Self-i.

Copy of Fitness Certificate, Driving License and Registration Certificate

Copy of Route Permit and Road Tax (for commercial vehicles)

Payment Receipt,NEFT form and cancel Cheque, AML documents ( > 1 Lac )

Disclaimer: Check out the complete list of own-damage claim documents here.

Difference Between Own-Damage (OD) vs Comprehensive Insurance

Parameters	Own-Damage Bike Insurance	Third Party
Coverage	Covers only damage to your own bike	Covers damage caused to someone else or their property
Legal Requirement	Not mandatory by law, but highly recommended	Mandated by law under the Motor Vehicles Act, 1988
Damage to Own Car	Damages done due to accidents, theft, natural calamities, fire, etc are covered	Not Covered
Third-Party Damage	Not covered. Must be purchased with a third-party policy	Included
Premium Cost	Lower premium compared to comprehensive bike insurance	Lower Premium compared to Comprehensive and OD bike insurance
Who Sets the Premium	Pricing varies across Insurers	Pricing is fixed across all Insurers (as per IRDAI guidelines)
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

Reliance’s Heading Second Table

Reliance’s online set up helps ease the process of purchasing a health plan.

Features	Features	Features
Premium starting at	Premium starting at	Premium starting at

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 ₹19 per month*, instant buying and renewal processes online, 24/7 customer support and quick claims through the Self-i 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 10+ 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!

Reliance General Insurance

Aapke Protection ka All-rounder

Reliance General Insurance is one of the leading general insurance companies in India. The Company offers a well-rounded and comprehensive bouquet of products including Motor Insurance, Health Insurance, and Travel Insurance, and offers customised solutions to meet the protection needs of each customer.

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RGI has all your answers, view them below

What is the formula to calculate IDV in OD bike insurance?

Use this simple formula to calculate your two-wheeler’s IDV:

IDV = (Ex-showroom price – Depreciation) + (Value of Accessories – Applicable Depreciation)

Where:

-Ex-showroom price is your bike’s original cost (excluding taxes and registration).

-Depreciation is based on your bike’s age (as shown in the table above).

-Accessories include non-factory-fitted items like special tyres, seat covers, etc.

-Applicable Depreciation applies to these accessories as per your insurer’s terms.

Choosing the right IDV helps you avoid underinsurance and ensures a fair claim settlement.

Is own-damage bike insurance mandatory in India?

No, own-damage bike insurance is not mandatory. However, it is highly recommended if you want to protect your two-wheeler from expenses due to accidents, fire, theft or natural disasters.

Who should buy standalone own-damage bike insurance?

This policy is ideal for:

-Policyholders with a valid third-party bike insurance plan

-Riders looking for short-term coverage

-Policyholders looking for protection at a lower cost than a comprehensive policy

Should I purchase own-damage bike insurance online?

Yes. Buying your policy online often gives you access to exclusive discounts (up to 80%) and helps you compare plans and customise add-ons quickly, all from your phone or computer.

Can I purchase bike insurance for a short duration, like a week?

Yes, short-term own-damage policies are available. These are perfect if you need temporary coverage, ranging from a day to a few months, such as during intercity moves or test drives.

Does own-damage bike insurance cover damages during transit?

Yes. If your bike is damaged while being transported via road, rail, air or lift, your own-damage policy will typically cover the repairs, subject to policy terms and conditions.

How to calculate the cost for own-damage bike insurance?

The premium is based on factors like your bike’s make, model, engine capacity, registration year, location and selected policy duration. You can use the Reliance bike insurance premium calculator to get a quick estimate.

How can I reduce my own-damage bike insurance premium?

To save on premiums:

-Choose a higher voluntary deductible

-Go for a lower IDV

-Buy your policy online for better discounts
-Avoid small claims to earn and retain your No Claim Bonus (NCB)

Can I raise an own-damage claim online?

Yes. You can file your claim through Reliance General Insurance’s 24x7 claims helpline or via the Reliance Self-i mobile app for quick video-based inspections and faster settlements.

Can I customise my own-damage bike insurance with add-ons?

Absolutely. You can enhance your policy with add-ons like Zero Depreciation Cover, Engine Protection, Key Replacement, and more to suit your riding style and usage.

Will I get a full payout if my bike is stolen or beyond repair?

In case of theft or total loss, you will receive a claim amount equal to the Insured Declared Value (IDV), or the market value, of your bike after applicable depreciation, as per the terms of your policy.

Disclaimer

*T&C Apply. For more details on risk factors, terms conditions, brochure, and exclusions, please read the policy wording and CIS carefully before concluding a sale.

Customer Count: The total no. of customers insured data is for FY24 and has been picked up from the number of lives insured for Health, Personal Accident, Overseas Travel, Domestic Travel, Workmen Compensation and Crop Insurance, Weather LOB & Fire LOB provided by IRDAI count that is master policy count. Other than these LOBs, we have also provided data for the number of certificates issued.

Claim Settlement Ratio: This is the overall claim settlement ratio for FY 2023-24 without claim outstanding at the start of the financial year as per public disclosure of Reliance General Insurance Co. Ltd.

Premium: The premium mentioned is excluding taxes for the private two-wheeler model TVS Jupiter with cubic capacity of less than 110 cc for a 1 year Own Damage Insurance policy for an IDV of 34,766. Premium used is 233/year as on 1 March 2023 and then converted into a per month basis, which gives us Rs.19/month (233/12).

Discount: The discount varies basis vehicle specifications, No Claim Bonus discount and Geographical location of the vehicle to be insured. Discounts have been calculated on the basis of the rates prescribed under erstwhile Indian Motor Tariff. Discounts are applicable only to the Own Damage section and discounts may vary as per the vehicle make, model, RTO, and age of the vehicle.

Own Damage: Details mentioned here are for the product- Reliance Two Wheeler Policy- Stand-alone Own Damage (UIN- IRDAN103RP0002V01201920).