A Kshema product
Kshema Two-Wheeler Bundled Policy
The Kshema Two-Wheeler Bundled Policy offers comprehensive protection, comprising Own Damage cover for a tenure of one (1) year and Third-Party Liability cover for a tenure of five (5) years, issued together as a bundled insurance policy.
Key Features
- Issued mainly for brand new scooters and bikes
- Single issuance covering both OD and TP
- Long-term TP compliance (as per regulations)
- Optional add-ons available for OD cover
Benefits of Bundled Policies
- Long-Term Coverage: Provides extended third-party protection, minimizing the need for yearly renewals.
- Comprehensive Protection: Ensures wider coverage by addressing both own damage and third-party liabilities under a single policy.
Coverages:
Own Damage Coverage:
This covers damages to your two-wheeler due to accidents, theft, fire, natural disasters, and man-made disasters for a period of one year.
Personal Accident Cover:
Indemnity for the insured owner-driver and pillion rider against accidental injury or death arising from the use of the insured two-wheeler
Third-Party Liability Coverage:
This mandatory coverage protects you against legal liabilities arising from injuries or death caused to third parties, as well as damage to their property. This coverage is typically valid for five years
Exclusions
Racing and Speed Testing:
The policy does not cover damages if the vehicle is used for racing, speed testing, or reliability trials
Wear and Tear:
Damages due to wear and tear, mechanical breakdowns, or electrical failures are not covered
Geographical Limitations:
Coverage is not applicable if the vehicle is used outside the geographical boundaries specified in the policy
War and Nuclear Perils:
Damage caused by nuclear perils, wars and war-like operations are not covered.
Add on Covers Under Bundled Motor Policy for Two-Wheelers
Return to Invoice
In case of total loss, this cover pays the difference between the claim amount and the original purchase price or the replacement cost of a new vehicle of the same make/model, whichever is lower.
Engine Protection Cover
Engine Protection Cover pays for the repair or replacement of your bike’s engine and gearbox
Nil Depreciation
Covers the depreciation deducted on replaced parts under the own damage cover. Claims under this add-on are limited to first two claims during policy period.
Roadside Assistance Cover
The add-on will provide your roadside assistance in case your vehicle breaks down in transit .
No Claim Bonus Protection
It is an add-on cover in motor insurance that safeguards your accumulated No Claim Bonus even if you make a claim during the policy period.
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