Two Wheeler Insurance
Two Wheeler Insurance
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What is a two wheeler insurance policy?
What is a Two Wheeler insurance policy?
A two wheeler insurance policy protects your bike or scooter against any damages caused due to road accidents, natural disaster, and theft or loss. A bike insurance policy covers damages to your two wheeler and legal liability towards third party. With us, you can secure your bike at affordable rates.
Why should you buy a two wheeler insurance online from MyonelifeX
We facilitate easy claim settlement through robust claim support.
What are the different types of two wheeler insurance policies?
Learn more about the different types of two wheeler policies in the market.
What is covered by MyonelifeX two wheeler insurance policy?
Learn about your two wheeler insurance policy coverage in one glance.
Loss or damage to your two wheeler due to natural disastersFire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
Loss or harm to your two wheeler against man-made disastersBurglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.
Personal accident cover₹15 lakh cover for the registered owner-driver of the bike or scooter while travelling in, getting on or off the two wheeler. You can also buy optional personal accident cover for co-passengers by paying extra premium.
Third party legal liabilityProtection against legal liability due to accidental damages resulting in the injury or death of a person, and damage caused to the surrounding property.
MyonelifeX two wheeler insurance plan add-on benefits
Choose from a wide range of add-ons when buying MyonelifeX two wheeler insurance plan online.
What impacts the Insured's Declared Value (IDV)?
What is termed as the Insured’s Declared Value (IDV)?
IDV helps in calculating the premium of your two wheeler insurance policy. Each two wheeler is insured at a fixed amount which is termed as the Insured’s Declared Value (IDV). This sum insured as part of the two wheeler insurance is calculated based on several factors. Here’s how it works:
IDV is calculated based on manufacturer’s listed selling price of the two wheeler (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 two wheeler 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.