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Kshema Two-Wheeler Bundled Policy

The Kshema Two-Wheeler Bundled Policy combines one year of Own Damage Cover and five years of Third-Party Liability Cover in a single policy.

Available for new vehicles, it offers convenient, long-term protection and ensures compliance with mandatory third-party insurance requirements.

  • Designed for new two-wheelers
  • Includes own damage cover for one year and third-party liability cover for five years
  • Includes Personal Accident Cover for the owner-driver, in accordance with the policy terms and conditions.
  • Optional add-ons available to enhance protection
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Policy documents

Why Choose Kshema Two-Wheeler Bundled Policy?

Combined Coverage

Ensures wider coverage by including both own damage cover and long-term third-party liability cover under a single policy.

Long-Term Third-party Coverage

Provides extended third-party coverage for 5 years, eliminating the need for annual renewals for 5 years.

Fulfills Statutory Requirements

Meets the statutory requirement for third-party liability for 5 years insurance coverage for motor vehicles under Section 146 of the Motor Vehicles Act, 1988, as amended by the Motor Vehicles (Amendment) Act.

Financial Protection

Helps manage repair and replacement expenses arising from damage to your vehicle for 1 year, as well as third-party liability expenses for 5 years.

Flexible Add-ons

Enhance your own damage cover with optional add-ons suited to your needs.

Compulsory Personal Accident Cover

Provides compensation up to 15 Lakhs to the owner-driver in case of accidental death or disablement arising from the use of the insured two-wheeler.

What’s Covered Under This Policy?

Own Damage Coverage (1 Year)

Covers damage to your two-wheeler due to accidents, theft, fire, natural calamities, and man-made events.

Long-term Third-party Liability Coverage (5 Years)

Provides protection against legal liability arising from injury, death, or property damage caused to third parties.

Illustration showing personal accident coverage for the owner driver related to insurance coverage
Personal Accident Cover

Provides indemnity to the owner-driver against accidental injury or death arising from the use of the insured two-wheeler.

Add-on covers you can choose from

Return to Invoice Cover

Covers 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.

Nil Depreciation Cover

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.

Illustration showing personal accident coverage for the owner driver related to insurance coverage
No Claim Bonus Protection

Helps retain your accumulated No Claim Bonus even if a claim is made during the policy period.

Engine Protection Cover

Covers the cost of repair or replacement of the engine and gearbox.

Roadside Assistance Cover

Provides assistance in case your vehicle breaks down, including support for mechanical or electrical failures, minor repairs where possible, and towing to the nearest garage if required.

*Subject to policy limits and conditions, including valid driving licence and the insured being the owner-driver
Points to be Noted
  • This policy is mainly issued for new two-wheelers
  • Own Damage cover is valid for one (1) year, while Third-Party Liability cover is valid for five (5) years
  • IDV (Insured Declared Value) is treated as the sum insured for the vehicle.
  • Claims are subject to the policy terms and conditions, including applicable deductibles and depreciation.
  • Coverage applies only within the geographical limits specified in the policy
  • Damages caused while in use for racing, speed testing, or reliability trials is not covered
  • General wear and tear, as well as electrical or mechanical breakdowns, are not covered
  • Loss or damage caused directly or indirectly by war, mutiny, or nuclear risks is not covered under the policy.
  • Loss or damage resulting from driving under the influence of alcohol or intoxicating substances is not covered under the policy.
  • Coverage is subject to the driver holding a valid and effective driving licence.

*Please refer to the policy wordings for detailed terms and conditions.

Policy Documents

1. Prospectus
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2. Proposal Form
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3. Policy Wordings
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4. Customer Information Sheet
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Frequently Asked Questions

1. What is Kshema Two-wheeler bundled policy (1+5)?
A Bundled Two-Wheeler Policy provides long-term third-party liability coverage along with one year of own damage protection for new two-wheelers, including motorcycles and scooters.
While the third-party liability cover remains valid for the entire bundled policy tenure, the own-damage cover must be renewed annually to continue protection.
Yes, you can enhance your policy by opting for additional add-on covers upon payment of an additional premium, subject to the insurer’s terms and conditions.
No Claim Bonus (NCB) gives a discount on OD premium for each claim-free year, is transferable to a new bike, and resets if a claim is made (without affecting third-party cover).
5. What happens if I do not renew my Own Damage (OD) cover on time?
Third-Party (TP) cover remains active: Your third-party liability coverage continues to remain valid for the duration of the bundled policy term, even if the Own Damage (OD) cover has expired. Inspection may be required for renewal: If you renew your OD cover after it has lapsed, the insurer may require a physical inspection of the vehicle before approving the renewal, subject to underwriting guidelines.
Yes, you may switch insurers at the time of your annual Own Damage (OD) renewal by purchasing a Standalone Own Damage Policy from any registered insurance company. However, you will be required to provide proof of a valid and active Third-Party (TP) liability cover.
You can cancel a bundled policy only under strict conditions like vehicle deregistration or sale with proof of new insurance, and insurers give a pro-rata refund for unused TP years if no claims were made.
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  • Multiple coverage options to choose from.
  • Policies available for private and commercial vehicles.
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