Magma HDI Own Damage Bike Insurance

Magma General Insurance offers three different kinds of two-wheeler insurance policies and a Standalone Own-Damage policy is one of them. A standalone own-damage policy provides cover for the own-damage costs of the policyholder in case of an unforeseen event. This cover provides monetary help to the policyholder under several situations such as theft, vandalism, damages due to road accidents, damage to the fire/explosion, damage due to natural/man-made calamities. A standalone own-damage cover is not mandatory, however, the protection it provides to the two-wheeler owner by providing financial assistance in difficult circumstances can make a huge difference.

Standalone Own-Damage Insurance V/S Comprehensive Insurance V/S Third Party Insurance

What Is Covered Under a Magma Standalone Own Damage Two-Wheeler Insurance Policy?

Below mentioned aspects are covered under a Magma Standalone Own-Damage Two-Wheeler Insurance policy:

• Damage from fire, explosion, self-ignition, accidents etc, by external means
• Damage due to two-wheeler caused due to natural calamities
• Burglary/Theft

What Is Not Covered Under a Magma Standalone Own Damage Two-Wheeler Insurance Policy?

Below mentioned aspects are not covered under a Magma Standalone Own-Damage Two-Wheeler Insurance policy:

• Normal wear and tear of two-wheeler as the vehicle ages
• Depreciation
• Mechanical or electrical breakdown
• Damage due to driving the two-wheeler without a valid license
• Damage due to driving the two-wheeler under the influence of alcohol, drugs or other intoxicants
• Damage to the two-wheeler due to war/nuclear risk

Following are the benefits of purchasing Magma Standalone Own-Damage Two-Wheeler Insurance policy:

• This policy covers own-damage expenses of the insured two-wheeler, in case of mishap.
• This policy provides No Claim Bonus to the policyholder for every claim-free year.
• Flexibility of choosing a suitable add-on coverage option available to expand the coverage of the policy.

How to Purchase Magma Standalone Own Damage Two-Wheeler Insurance Policy?

Follow these simple steps to purchase Magma Standalone Own-Damage Two-Wheeler Insurance policy from InsuranceDekho:

Step 1: Visit the official website and click on the ‘Two Wheeler’ tab. Click on the ‘Standalone Own-Damage Insurance’ on the drop menu.

Step 2: Enter your two wheeler’s registration number, two-wheeler’s make, model, and year of registration. Also fill your personal details such as phone number and click on ‘Submit and Get Quotes’.

Step 3: Policy quotes based on the details you provide will be displayed, choose Magma policy quote, choose a suitable add-on and proceed to make payment.

Step 4: Make the payment, once the payment has been made the policy shall be issued instantly and sent to the registered email ID.