Own Damage Bike Insurance

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What is Own Damage Insurance for Bike?

Who should get an Own Damage Bike Insurance?

  • If you’ve recently bought a bike and already bought Digit’s Third-Party Bike Insurance for your bike. You can also choose to buy an Own Damages cover for your two-wheeler to protect it from damages and losses to your own bike too. 
  • If you already have an existing Third-Party bike insurance policy from another insurance provider, you can choose to buy a standalone own damage bike insurance from Digit Insurance so that your own bike is covered from losses too.

What is Covered in OD Insurance for Bike?

Damages to your Bike in an accident

Damages to your Bike in an accident

Covers for damages and losses caused to your bike during accidents.

Theft of your Two-Wheeler

Theft of your Two-Wheeler

Covers for losses in case your bike is unfortunately stolen.

Damages due to a Fire

Damages due to a Fire

Covers your bike in a situation where your bike is damaged due to a fire.

Damages to your Bike due to a natural calamity

Damages to your Bike due to a natural calamity

Covers for damages to your bike in case of any natural calamity.

Add-on Covers with OD Bike Insurance

Zero Depreciation Cover

Think of it like an effective anti-ageing cream for your bike and its parts. Usually, the required depreciation amount is always taken in account during claims. However, a zero-depreciation cover ensures no depreciation is taken into consideration, so you get the full value of the cost of repair/replacement during claims.

Return to Invoice Cover

If you fall into a situation where your bike is stolen or damages beyond repair, this add-on comes in handy. With return to invoice add-on, we will cover the costs of getting you the same, or similar bike- including the road tax and registration fees for the same.

Engine & Gear-box Protection Cover

Do you know that the cost of replacing your engine is approximately 40% of its cost? In a standard two-wheeler insurance policy, only damages caused during the accident are covered. However, with this add-on, you can specifically also cover for the life of your vehicle (the engine and gearbox!) for any consequential damages caused post the accident. This could happen due to water regression, leakage of lubricating oil, and undercarriage damages.

Consumable Cover

Consumable cover adds an additional shield to your two-wheeler. Covers costs for all your bike’s nitty-gritties too, such as the engine oils, screws, nuts and bolts, grease, etc. in a situation of an accident.

Breakdown Assistance

The roadside assistance add-on ensures we’ll always be there for you and your two-wheeler in case of any breakdowns. The best part? Asking for our help doesn’t even count as a claim.

What’s not covered?

While an Own Damage cover is great for your bike’s overall protection, here are some things that won’t be covered.

Third-Party Liabilities

A standalone Own Damage Bike Insurance only covers for losses to your own bike, and won’t cover for third-party losses. Your third-party bike insurance will take care of the same.

Driving Drunk

This isn't allowed by law, therefore your bike insurance claims won’t be covered if you were riding under the influence of alcohol. 

Driving without a Licence

No bike insurance can accept claims if the claimed person was driving illegally. Therefore, claims can only be made if you have a valid two-wheeler licence.

Add-Ons Not Bought

If you haven’t bought a particular add-on, you can’t claim for its benefits, obviously!

Consequential Damages

Unfortunately, your bike won’t be covered for damages that haven’t taken place during the accident.  

Contributory Negligence

This means your bike won’t be covered if you’ve done something you weren’t supposed to do. For example; if your city has been flooding and you still took your bike out which ultimately led to its damages!

Driving without a Licence Holder

As per the law, if  have a learner’s licence, you need to have someone with a permanent  licence on the pillion seat. If that’s not the case, your OD claim won’t be approved.

Why should you buy Own Damage Bike Insurance by Digit?

Your OD bike insurance not only comes with a super easy claim process, but also with the option to choose a cashless settlement

Cashless Repairs

Cashless Repairs

2900+ Cashless Network Garages for you to choose from across India

Smartphone-enabled Self Inspection

Smartphone-enabled Self Inspection

Quick and Paperless claims process through a Smartphone-enabled self-inspection process

Super-fast Claims

Super-fast Claims

Average turn around time for two-wheeler claims is 11 days

Customize your Vehicle IDV

Customize your Vehicle IDV

With us, you can customize your vehicle IDV as per your choice!

24*7 Support

24*7 Support

24*7 call facility even on National Holidays

How to file an Own Damage Bike Insurance Claim?

After you buy or renew our OD bike insurance plan, you live tension free as we have a 3-step, completely digital claims process!

Step 1

Just call on 1800-258-5956. No forms to be filled

Step 2

Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damages from your smartphone through a guided step by step process.

Step 3

Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.

Report Card

How fast are Digit Insurance Claims Settled?

This is the first question that should come to your mind when switching your insurance company. Good you’re doing that!

Read Digit’s Claims Report Card

Own Damage Bike Insurance Premium Calculation

Factors Affecting your OD Bike Insurance Premium

In an Own Damages policy, your bike premium is mainly calculated by your bike’s cc and your bike’s IDV. Apart from that, the following factors too are considered while calculating your Own Damages cover premium: 


Your IDV refers to the right market value of your bike. Therefore, based your OD premium for your bike will heavily depend on this. 

Bike’s cc

Your bike’s cc determines the speed and hence risk of your bike. Therefore, the cc of your bike too will affect your OD premium. Higher the cc, higher the OD premium and vice versa. 

Bike Make & Model

This goes without saying that, the make and model of your bike will directly affect your OD premium. The more premium your bike, the higher will be its OD premium and vice versa.

Age of the Bike

The older your bike is, the lesser will be its OD premium and vice versa! 

No Claim Bonus

If you’ve previously had an Own Damage cover of Comprehensive Bike Insurance and haven’t made any claims yet, you can transfer your accumulated No Claim Bonus for a discount on your current OD premium.

Add-ons Opted

Every add-on is different. Therefore, based on the type of add-on you choose and the number of add-ons you choose, your OD premium will be accordingly affected.

Compare: Third Party, Own Damage & Comprehensive Bike Insurance

Third-Party Bike Insurance

Own Damages Bike Insurance

Comprehensive Bike Insurance

A Third-Party Bike Insurance is the most basic form of bike insurance available. As per the Motor Vehicles Act, every bike owner must at least have a third-party bike insurance to ride legally.

An Own Damage Bike Insurance is a standalone bike insurance policy that solely covers for the bike’s own damages and losses.

Put together both a third-party bike insurance and an own damage cover and you have a comprehensive bike insurance. One that covers for both damages to a third-party and your own bike too.

It is mandatory by law to at least have a bike insurance that covers for third-party liabilities.

An Own Damage bike insurance isn’t mandatory by law, but is ultimately more useful for riders as it covers for one’s own damages and losses.

A comprehensive bike insurance too isn’t mandatory but, is the best type of policy available as it covers for all possible situations.

Every bike is eligible to buy a Third-Party Bike Insurance.

Only bikes with an existing Third-Party Bike Insurance can buy a standalone Own Damage Bike Insurance too.

Anyone with a bike is eligible to get a Comprehensive Bike Insurance policy. However, please not that since a Comprehensive Bike Insurance covers for everything, you don’t need to buy any another bike insurance policy.

No Add-ons are available with this policy.

Add-ons are available.

Add-ons are available.

FAQs about Own Damage Bike Insurance