How is the premium calculated?

The quote may depend on vehicle make and model, age, engine capacity, location, insured declared value and selected options.

Are add-ons included automatically?

Do not assume optional add-ons are included. Confirm their availability, price and conditions in the insurer quote and policy schedule.

TATA AIG Standalone Own-Damage Two-Wheeler Insurance

Standalone Own-Damage Two-Wheeler Insurance Overview

TATA AIG Standalone Own-Damage Two-Wheeler Insurance is designed to protect an insured motorcycle or scooter against damage or loss caused by events covered under the issued policy. Depending on the policy wording, insured events may include accidents, fire, theft and specified natural calamities. The exact scope of protection, deductibles, claim conditions and exclusions are governed by the policy schedule and wording. This is own-damage cover only; it does not provide third-party liability insurance by itself. Owners must maintain valid third-party cover separately as required by law. The premium depends on vehicle specifications, insured value, location and selected policy options.

Protects your own two-wheeler against covered damage; third-party liability is not included

Expert Review of Standalone Own-Damage Two-Wheeler Insurance

Standalone own-damage cover may suit a rider who already has valid third-party insurance and wants additional protection for their own vehicle. Before buying, check the insured declared value, deductibles, covered events, claim documentation and exclusions. Do not assume optional benefits such as zero depreciation or roadside assistance are included unless the insurer confirms them in the quote and policy schedule. Compare the premium and terms against the actual needs and value of the bike or scooter.

Pros

Provides protection for the insured two-wheeler against eligible own-damage events.
Can complement an existing valid third-party liability policy.
Allows the owner to review own-damage cover and insured value in the insurer quote.

Cons

Does not provide third-party liability cover on its own.
Claim payments may be reduced by deductibles and other policy conditions.
Premium and claim settlement depend on vehicle details and the issued policy terms.

About Tata AIG (Insurer Profile)

Tata AIG

Key Insights

Founded

2001

Tata AIG was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.

Claims Experience

97.2% CSR, calculated as a 3-year average

Tata AIG settles 97.2% of all claims it receives, demonstrating strong credibility.

Contact Details

1800 266 7780

Headquarters: 6th, 7th, and 8th Floor, Romell Tech Park, Cama Industrial Estate, Goregaon, Mumbai, Maharashtra – 400063

Standalone Own-Damage Two-Wheeler Insurance Features and Benefits

Accidental Damage

Covers eligible accidental damage to the insured motorcycle or scooter under the own-damage section of the policy.

Deductibles, claim assessment and exclusions apply.

Fire-Related Damage

Fire-related damage may be covered where the event is included among the insured perils in the issued policy.

Check the policy wording for applicable conditions and exclusions.

Theft Protection

Theft may be covered when included under the policy and the claim meets its requirements.

Settlement depends on policy conditions, documentation and insured value provisions.

Specified Natural Calamities

Damage from specified natural events may be covered where included in the own-damage policy.

Refer to the issued wording for covered events and exclusions.

Other Insured Events

Other specified events may qualify for cover when expressly included in the policy wording.

The insurer’s definitions and exclusions determine applicability.

Insured Value-Based Settlement

Eligible theft or total-loss claims are assessed under the policy’s insured value and settlement provisions.

Review the insured declared value, deductibles and claim requirements.

What Standalone Own-Damage Two-Wheeler Insurance Does Not Cover (Exclusions)

Conditions or treatments that the policy clearly says it will not cover.

Third-party liability is outside the scope of standalone own-damage cover.
Wear and tear, ageing and mechanical or electrical breakdown are generally excluded unless the policy expressly provides otherwise.
Losses arising in circumstances excluded by the policy, including applicable unauthorised use or driving conditions, may not be payable.

Disclaimer: For illustration purposes only - exact terms are in the policy wording.

What's missing in Standalone Own-Damage Two-Wheeler Insurance

Third-party injury, death and property-damage liability must be covered separately.
Routine maintenance, ordinary wear and tear or mechanical failure should not be assumed to be covered.
Optional benefits such as zero depreciation or roadside assistance are not assumed to be included.

Standalone Own-Damage Two-Wheeler Insurance FAQs

What is standalone own-damage two-wheeler insurance?

It is cover intended to protect the insured motorcycle or scooter against eligible damage or loss from events covered by the policy. It does not itself provide third-party liability insurance.

Does this policy cover third-party damage?

No. Third-party liability must be covered by a separate valid third-party motor insurance policy.

Does it cover theft of my bike or scooter?

Theft may be covered if included in the issued policy and the claim meets its terms and documentation requirements.