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

Feature	Standalone Own Damage Insurance	Third-Party Insurance	Comprehensive Insurance
Coverage	Covers damage to your own bike only.	Covers damages or injuries to others only.	Covers both your own bike and third parties.
Legal Requirement	Not required by law.	Mandatory by law for all bike owners.	Not mandatory, but offers extensive coverage.
Cost	Moderately priced; depends on coverage.	Usually less expensive.	More expensive due to broad coverage.
Protection against theft and damage	Covers theft and damage to your bike.	Not covered.	Covered.
Protection from natural disasters	Covered.	Not covered.	Covered.
Add-on available	Add-ons available for enhanced coverage.	Limited or no add-ons.	Several add-ons are available.
Ideal for	Good for new or expensive bikes.	Required for legal compliance.	Best for comprehensive protection.

Bike Insurance Plans By Oriental

HDFC

NCB : 50%IDV: ₹13712

IFFCO

NCB : 50%IDV: ₹27700

TATA

NCB : 50%IDV: ₹20914

ICICI

NCB : 50%IDV: ₹17880

This policy covers the following: Damage to your two-wheeler due to a road accidentDamage caused by fire or explosionTheft of the two-wheeler or damage beyond repairDamage caused by natural or man-made disasters, like earthquakes

This policy does not cover:Damage due to mechanical or electrical failureDamage caused by illegal or unsafe drivingRegular wear and tear of the two-wheelerDamage that happens outside IndiaDisclaimer: Please refer to your policy documents to know the exact coverage.

Some important benefits are:If your bike meets with an accident, gets stolen, catches fire, or is damaged by floods, storms, or earthquakes, the insurance helps cover the loss.Damage caused by riots, strikes, vandalism, or terrorist activities is also covered, so you are protected from unexpected events.You can add extra protection like zero depreciation cover, roadside assistance, or engine protection to make your policy stronger.If you do not make any claims during the year, you get a discount on the next policy renewal, which reduces your cost.If your bike is destroyed or stolen and cannot be repaired, the insurance company pays you the insured value of the bike.Repairs after accidents or damage can be expensive. This insurance takes care of repair costs, so you can ride without worry.