Motor Insurance Two Wheeler InsuranceOwn Damage Bike Insurance

Own Damage Bike Insurance

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6500+

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Claims

Upto 50%

No Claim Bonus

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Note: The above data is till 1st April, 2025

What is own damage insurance for your bike?

Own damage insurance for bike is a dedicated policy that protects your vehicle from damage arising due to accidents, theft, natural calamities, fire, and other unforeseen events. This cover focuses solely on losses to your own bike, unlike third-party insurance, which covers only external liabilities. A two-wheeler own damage insurance policy is ideal when you already have a valid third-party two wheeler insurance plan and want broader protection for your vehicle. With your own bike damage cover, you can also enhance protection with add-ons, helping ensure your bike insurance for damage and theft remains comprehensive and reliable throughout the policy term.

Why do you need a own damage bike insurance policy?

Cover for natural and man-made events

Unpredictable events such as floods, storms, riots, fire, or vandalism can severely damage your bike. Od insurance for bike covers these insured risks and pays for repair or compensation, depending on the nature of the loss. This helps protect your savings while keeping your bike better secured against unavoidable external events.

Protection against theft

Your own damage bike insurance policy protects you from significant financial loss if your two-wheeler is stolen. Since theft is common in many indian cities, this cover ensures you are compensated up to the insured declared value (IDV) of your bike, rather than bearing the loss yourself.

Cover against accidental damage

Accidents can cause significant damage to the vehicle's body, engine components, or electrical parts. An own-damage insurance policy for two-wheelers helps cover these repair costs, subject to the policy's terms and conditions. This allows you to avoid significant out-of-pocket expenses and offers peace of mind.

Cover across the life of your bike

Whether your bike is new or pre-owned, own damage insurance for bike helps provide continuous protection against covered damage and loss. With options to add extra covers, you can keep the bike protected throughout its usage life and avoid unexpected repair expenses.

Cover for natural and man-made events

Protection against theft

Cover against accidental damage

Cover across the life of your bike

Key Features of Standalone OD Insurance for Bike

Cashless garage network

Access a vast network of authorised cashless garages across india linked with your insurer. These garages let you get your two-wheeler repaired without making an upfront payment. The insurer directly settles approved repair costs with the garage, ensuring a smooth and hassle-free claim experience.

NCB discounts & entitlements

No-claim bonus is a discount rewarded to policyholders for each claim-free policy year, typically starting at 20% for the first year and reaching a maximum of 50% for the next five consecutive claim-free years. This bonus is transferable and can be applied to a new vehicle purchase.

Fast claim settlement

Benefit from a streamlined claims process focused on speed and efficiency. Once your claim is registered and verified, a surveyor assesses the damage and, upon approval, repairs can begin promptly. This reduces waiting time and helps you get back on the road sooner.

Customisable add-ons

Strengthen your coverage with optional add-ons, subject to product availability. Standard options include zero depreciation cover, engine protect, consumables cover and roadside assistance. These allow you to personalise your policy for enhanced protection against depreciation, engine-related issues and unforeseen repair expenses.

Cashless garage network

NCB discounts & entitlements

Fast claim settlement

Customisable add-ons

What's covered?

Fire

Don’t let fire damage to your bike ruin your life. Stay protected against any loss and get compensated for damages caused by fire.

Natural disasters

When disaster strike, we’ve got you covered. Get protected from the effects or damages due to natural disasters.

Third-party damage

We’ll cover you for all third-party damages caused due to a road accident or any other mishap involving your two-wheeler. You are protected against third-party accidents and mishaps on the road.

Personal accident

A comprehensive bike insurance policy also offers personal accident cover of up to 15 lakhs for the owner/driver of the bike. The benefit under the PA cover is paid in case of death or permanent total disablement of the owner/driver in an accident.

Theft

You should never have to worry about anything when it comes to protection from theft. Because two-wheelers are easy targets for thieves, we'll cover it all for your bike.

Man-made events

We safeguard your vehicle against all man-made events such as theft, burglary, strikes and riots. We keep your vehicle safe & protected always.

What is not covered?

Wear, tear & general aging of vehicle

Does not cover any damages due to normal wear and tear and general aging of the vehicle

Depreciation or consequential losses

Coverage does not include depreciation or consequential losses (unless they are separately covered by add-ons).

Vehicle used otherwise

Does not cover any damage caused by the vehicle being driven otherwise than in accordance with the limitations as to use.

Mechanical/Electrical breakdown

Any damage or loss that occurred due to mechanical or electrical breakdown is not covered by us.

Any contractual liability

You are not covered under our insurance policy for any contractual liability if you are found to be responsible for the damages.

Influence of drugs or liquor

Does not cover damage to/by a person who is driving under the influence of drugs or alcohol.

Add-on covers for two-wheeler own damage insurance

Depreciation Cover

Helps you receive a higher settlement by reducing or eliminating depreciation's impact on the value of parts during a claim, as per policy terms.

Return to Invoice

Helps bridge the gap between the idv and the bike's original invoice value in the event of total loss or theft, subject to product features and conditions.

Consumables Cover

Pays for consumables such as engine oil, grease, brake fluid, nuts, and bolts that are usually not covered under a standard od policy.

Engine Protect

Offers compensation for engine damage caused by waterlogging, water ingression, or specific issues such as lubrication failure.

Why choose Zurich Kotak for bike insurance ?

Time-Saving Bike Policy

Bike insurance can be purchased or renewed online in just a few minutes. The process is fully digital, removing the need for paperwork or physical visits.

Cost-Efficient Coverage

Policyholders benefit from competitive pricing, long-term policy savings and No Claim Bonus advantages for maintaining a claim-free record.

Effortless Policy Management

Online renewals and access to cashless repairs at authorised network garages make it easier to manage claims and keep coverage active without unnecessary delays.

Instant Discount Benefits

Additional savings are available for AAI members, vehicles fitted with anti-theft devices and riders with a safe driving history.

24x7 Customer Support

Round-the-clock assistance is available for claims, renewals and general queries, ensuring timely support whenever required.

Trusted & Consistent Service Standards

Zurich Kotak is recognised for its structured claim handling processes and focus on reliability, helping riders feel more confident about their insurance decisions.

Factors affecting own damage two-wheeler insurance premium

Make and model of the bike

The make and model of the bike determines its market value. This market value is used to calculate the coverage level of the bike. Premium bikes have higher market values and so their premiums are also high compared to entry-level or cost-effective bikes.

Fuel variant

Bikes are either offered in petrol variant or electric variant. Electric bikes are costlier compared to fuel engines and so, the premiums for electric bikes are higher.

Type of policy

Third-party coverage is the minimum required for your bike, mandated by law. Its premium, set by the Insurance and Regulatory Development Authority of India (IRDAI), is low and based on the bike's engine capacity. Comprehensive plans, covering both third-party and own damage, have varying premiums depending on the chosen policy, with third-party plans generally having lower premiums than comprehensive ones.

Coverage tenure

Bike insurance plans can be availed as annual plans or long-term plans. Moreover, the third party coverage on a new bike is allowed for five years. The premium, thus, depends on the coverage tenure that you choose. Short-term plans would have lower premiums compared to long-term plans that take the aggregate premium in one go. However, in calculation, long-term plans can prove more cost-effective as you can claim long-term premium discounts.

Add-ons selected

Each add-ons comes with an additional premium. So, for the add-ons selected you pay an additional premium which enhances the overall premium outlay.

Registration date and location

Registration date determines the age of the bike. Older the bike, the lower would be the premium payable. Registration location is important since premiums are higher in Tier 1 cities. Moreover, premiums reduce as tiers increase.

IDV selected

The IDV determines the maximum coverage liability of the insurance company. That is why higher IDV attracts a higher premium and vice-versa.

Discounts availed

If you avail discounts for no claim bonus, for being a member of Automobiles Association of India, for choosing a voluntary deductible, etc., the premium would be lower.

Policy continuity

Renewing active two-wheeler insurance policies attracts lower premium compared to renewing lapsed policies.

Tips for choosing the best own-damage bike insurance:

Compare policies based on idv, premium, claim processes, and available add-ons.

Ensure the insurer offers a wide and accessible cashless garage network.

Choose essential add-ons, such as depreciation cover or engine protect, especially for newer bikes.

Review exclusions carefully so you understand when a claim may not be payable.

Match the plan with your riding pattern, city conditions, and how frequently you use the bike.

Steps to buy own damage bike insurance online

Get a quote: Click on the “get a quick quote” button on the bike insurance page and select the option for own damage bike insurance to begin.

Fill vehicle details: Enter your bike details such as registration number, make, model and variant. This helps generate an accurate premium for your own damage insurance for bike.

Fill personal details & make payment: Review the quote, add any required add-ons, fill in your personal details and complete the payment online. Your two wheeler own damage insurance policy is issued instantly and sent to your registered email id.

Steps to download copy of Bike Insurance Policy

If you cannot locate the soft copy of your bike insurance policy in your email or have misplaced the physical document, you can easily download it online through the Zurich Kotak website. The process is quick and ensures you always have access to your policy when needed.

Visit the Website: Go to the official Zurich Kotak website: https://www.zurichkotak.com/

Select ‘Download Policy Copy’: Click on the ‘Download Policy Copy’ option available under the Login section at the top right corner of the homepage.

Enter Your Details: Provide your policy number along with your registered mobile number or email ID, then click on ‘Get OTP’.

Verify with OTP: An OTP will be sent to your registered mobile number and email ID. Enter the OTP in the required field to proceed.

Download Your Policy: Once verified, your bike insurance policy copy will be displayed. You can download and save it on your device for future reference.

How to claim own damage two-wheeler insurance online

Call us on 1800-2120 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.

Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.

You will be required to submit the relevant documents, which may include your Driving License, RC Copy, and Policy FIR Copy, in accordance with the Policy terms and conditions.

An arrangement will be made by us for an inspection, it will be conducted within 24 hours if a claim is reported on a working day, or the next working day if the claim is reported on a Sunday or a public holiday.

The vehicle can then be repaired by the insurer followed by the payment for the same by the insurer.

Submit all bills, payment receipt along with your policy details to us, and we will make the payment within 7 working days of completion of the documentation

Call us on 1800-2120 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.

Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.

You will be required to submit the relevant documents, which may include your Driving License, RC Copy, and Policy FIR Copy, in accordance with the Policy terms and conditions.

The vehicle can then be repaired by the insurer followed by the payment for the same by the insurer.

Submit all bills, payment receipt along with your policy details to us, and we will make the payment within 7 working days of completion of the documentation

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Bike Insurance glossary

Two-Wheeler Insurance Premium

The bike & scooter premium is the amount paid by the policyholder periodically to the insurance company towards the bike insurance policy

IDV in Two-Wheeler Insurance

The IDV is the maximum coverage amount set by the insurer for a vehicle, based on the manufacturer's price adjusted for depreciation. In case of total loss, it represents the compensation to the policyholder.

Coverage in Two-Wheeler Insurance

Coverage is the amount of risk that is covered for the policyholder through an insurance policy.

NCB: No Claim Bonus in Bike Insurance

The No Claim Bonus is the discount on the own damage portion on the premium offered to the policyholder from the insurance company for responsible driving and not filing bike insurance damage claims during the preceding policy year.

Depreciation Cover in Two-Wheeler Insurance

The Depreciation Cover is an add-on wherein the entire claim amount is settled by the insurance company without factoring in depreciation value of the insured two-wheeler

Own Damage in Two-Wheeler Insurance

Own Damage cover protects the insured two-wheeler against the damages caused due to accidents, and man-made and natural calamities such riots, theft, fire, flood, etc.

Comprehensive coverage in Two-Wheeler Insurance

Comprehensive Two Wheeler insurance covers own and third-party damages, providing financial help for accidents, natural disasters, theft, and more, including third-party liabilities.

Deductibles in Bike Insurance

Deductibles are what you pay during claim settlement. Two types: compulsory (required for every claim) and voluntary (chosen by you). Zero deductibles mean no voluntary payment when getting a bike & scooter policy.

Frequently Asked Questions

Questions you may have about Zurich Kotak General Insurance

No. Own damage insurance for the bike and third-party cover are separate policies. You can buy them from different insurers as long as both remain active. However, choosing the same insurer can make renewal and claim coordination simpler.

Any bike owner with an active third-party insurance policy can buy own-damage bike insurance. The bike must have a valid registration certificate, and inspection may be required in some instances, especially for older vehicles.

A standalone od policy does not automatically include personal accident (PA) cover. Pa cover for the owner-rider is a separate requirement and must be purchased separately unless it is already included under another policy.

No claim bonus is applied at the time of renewal after each claim-free year. If a claim is made during the policy period, the NCB for the next renewal may be reduced or lost, as per the applicable terms.

Yes. Two-wheeler own damage insurance can be renewed independently, provided you already have an active third-party policy. The renewal dates for od and third-party covers do not need to match.

Minor scratches are technically covered, but they are rarely claimed because repair costs may be lower than the deductible. Claiming for such damage can also affect your no claim bonus, so it is generally advisable to reserve claims for significant repairs.

No. A standalone own damage insurance two-wheeler policy cannot be purchased unless you already have an active third-party liability policy, as third-party cover is mandatory under Indian law.

Yes. You may opt for different insurers for OD and third-party covers based on pricing, features, and service quality. Ensure both policies remain active to maintain complete protection.

Yes. You can request cancellation of the od policy mid-term by submitting relevant documents, such as proof of alternate cover or the vehicle's sale. Refunds, if applicable, are processed as per the insurer’s cancellation policy and may be subject to deductions and claim history.