National Two-Wheeler Add-Ons

The two-wheeler add-on covers gives you an additional policy coverage with which you can shield your bike or scooter in the best possible manner. To include any add-on cover in your standard two-wheeler insurance plan, you will be required to pay an additional amount of premium. National Insurance provides a wide range of add-on covers that you can select during the purchase or renewal process as per your budget and requirements.

The bike insurance add-on covers which you can incorporate in your policies of National Insurance are as follow:

1. Nil Depreciation – The value of two-wheeler vehicles depreciate over time due to wear and tear and vehicle ageing. Hence, a nil depreciation add-on cover assures you a comprehensive insurance coverage where the claim amount would be computed without factoring in depreciation. For example, if your bike gets damaged in a mishap or an accident, you will get the compensation from the insurer but after bearing a depreciation on repair or replacement expenses of plastic, fibre, rubber and glass parts. But with this add-on cover, your insurance provider will be entitled to pay you the entire cost of damage or loss.

2. Nil Depreciation Plus for 2 Wheeler – Under this Nil Depreciation Plus for 2 Wheeler add-on cover, the insurer shall pay the amount of depreciation deducted on the value of the parts replaced or repaired and material component of painting charges in the event of a partial loss claim in respect of the insured vehicle during the policy period. However, only the first two partial loss claims relating to accidents during the policy period are admissible with the addition of this add-on benefit.

3. Invoice protect - The invoice protect cover helps you to claim ex-showroom value in addition to other additional charges, in case of total loss, i.e. theft or total damage. Basically, it helps you get the reimbursement of the gap between the Insured Declared Value (IDV) and the additional charges that you pay while buying the bike ie., registration charges, road tax, and other charges. It can be availed by paying a little more premium amount.

4. Engine protect - Engine Protect is an add-on cover that is available with comprehensive and standalone own-damage insurance plans of bike insurance. This cover offers you compensation for the damages incurred by your bike’s engine and its parts due to water ingression, leakage of lubricating oils, physical damages incurred to the differential parts or gearbox, and engine failure due to an attempt to start a wet engine.

5. NCB protect - With NCB protect add-on cover, you can continue to secure your no claim bonus reward on your present bike insurance policy, which you may have accumulated between 20% to 50% by not making any claim in one or more policy years. The No Claim Bonus (NCB) protection cover allows you to make claim requests for damages and losses under your bike insurance policy without losing the no claim bonus benefits.