Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Key Features:
  • No Inspection Needed
  • Immediate Policy Issurance

Calculate Your Bike Insurance Premium Online

Select your Two wheeler brand

  • Hero
  • Honda
  • TVS
  • Bajaj
  • Yamaha

Which city is your Two wheeler registered in?

  • Ahmedabad
  • Bangalore
  • Chandigarh
  • Chennai
  • Gurgaon

When did you buy your Two wheeler?

Have you made a insurance claim in the previous year?

Magma HDI Bike Insurance Add-On Covers

When it comes to add-on covers, it gives you an additional policy coverage by paying a little extra amount of premium. It helps you protect your bike in a better manner by extending support for different situations. However, these benefits can be included in your bike insurance policy on the basis of your requirements and budget. Magma HDI General Insurance gives several add-on covers that you can easily add in your policy during the purchase process or renewal process.

Magma HDI - 4 Important Add-On Covers For Your Bike Insurance Policy

The Magma HDI General Insurance offers various add-on covers to its policyholder on paying an additional premium. Some of those benefits are as follow:

1. Depreciation Reimbursement – With this add-on cover, you will get the reimbursement for the amount of depreciation deducted on the value of parts which were replaced after getting damaged due to an accident or any mishap. However, this add-on cover will not apply to total loss, constructive total loss or theft of your bike or if the bike is repaired without prior authorisation of the insurance provider.

2. Return to Invoice – This is an add-on cover that offers coverage for the invoice value of your bike at the time of its registration, original customs duty if any, or the customs duty applicable for the new bike, whichever is less, and registration charges and road-tax of your bike, in case of a total loss, constructive total loss, or theft of your vehicle, irrespective of the Insured Declared Value (IDV) of your bike. You can easily get this add-on by paying a little extra amount of premium along with the normal premium.

3. Protection of NCB - With every claim-free year you earn a No Claim Bonus (NCB) which works as a discount for your next year premium amount. It gets accumulated with successive claim-free years but gets terminated if even a single claim is made. Hence, with Protection of NCB add-on cover, the insurer protects your No Claim Bonus (NCB) at the time of renewal even if you have made the claim in the last policy year. You can avail this add-on benefit if there was only one claim registered in the entire policy period and the repair work is done only at our network garage.

4. Basic Roadside Assistance - Your bike is a machine and it could breakdown or face any mishap anytime and anywhere. Hence, to cope up with this uncertainty and protect yourself from getting stranded at an unknown location, opt for this add-on cover by paying a little extra premium amount. The roadside assistance cover helps you in different circumstances that include mechanical and electrical breakdown, accidental immobilisation, flat tyre, dead battery, key locked-in, running out of fuel, and so on.

Must Read Articles before buying Magma Bike Insurance

Magma HDI Bike Insurance User Reviews

Write your review
What users are saying
  • All
  • Add On
  • Most Helpful
  • Comprehensive
  • Zero Depreciation
  • Third Party
  • Own Damage
  • Renewal
  • Cashless Garages
  • Price
  • Premium
  • Policy Download
  • Customer Care
  • Claim
  • Good service

    Easy and lot of insurance options to choose as per our requirement Happy and satisfied Good experience and I a...

    Bajaj Avenger 220 Chennai
    On: June 27, 2021
  • Easy insurance solutions

    Overall good experience. The process was easy to fill with no documents and no paper required. Payment gateway...

    BULLET CLASSIC Malkangiri
    On: November 28, 2020
  • Great Service

    Great Service. Thanks to the executive of the InsuranceDekho portal for helping me buy an insurance policy exa...

    Hero Splendor Pro Bhuj (Kachchh)
    On: September 10, 2020
  • I purchased a Magma bike insurance plan from InsuranceDekho portal. I made a claim request for my Hero HF Delu...

    Read More
    By Aditya Mehta
    On: July 10, 2020
  • Magma insurance plan offers protection for my Yamaha Saluto bike through its great and prompt insurance servic...

    Read More
    By Amish Gaur
    On: July 9, 2020
  • I have a Magma insurance plan for my Suzuki Gixxer SF 250 bike that I bought from InsuranceDekho platform. The...

    Read More
    By Arvind Mehra
    On: July 3, 2020
  • Insurance Dekho is a perfect insurance platform that provided me with various insurance quotes to select my po...

    Read More
    By Saumil Sahore
    On: June 26, 2020
  • The InsuranceDekho platform offered me a variety of insurance services for my Magma insurance. It helped me a ...

    Read More
    By Ishaan Malhotra
    On: June 25, 2020
  • I have a comprehensive insurance plan of Magma Insurance Firm that covers my Bajaj Dominar 400. I chose and pu...

    Read More
    By Kunal Tyagi
    On: June 4, 2020
  • Magma Insurance firm quickly settled my claim request for TVS Jupiter scooty. I have bought this great plan fr...

    Read More
    By Komal Asthana
    On: May 29, 2020

Insurance Products by Magma General Insurance

Magma HDI Bike Insurance Add-On Cover FAQs

  • How many bike add-on covers are offered by Magma HDI General Insurance?

    Magma HDI General Insurance provides 4 types of bike insurance add-on covers to its policyholders that include Depreciation Reimbursement, Return to Invoice, Protection of NCB, and Basic Roadside Assistance.

  • Is there any compulsion to buy a bike insurance add-on cover?

    No, it is not mandatory to include a bike insurance add-on cover in your bike insurance policy. When it comes to add-on covers, they are framed to offer additional coverage to your existing bike insurance coverage and make you enjoy extended benefits by investing a little extra premium amount.

  • When can I buy and include the Magma HDI bike insurance add-on covers in my plan?

    You can purchase and opt for bike insurance add-on covers offered by the Magma HDI Insurance to include in your policy to enhance its coverage either during the purchase of the insurance cover or during the time of bike insurance policy renewal.

  • Are the add-on covers offered by Magma HDI General Insurance chargeable?

    Yes, you will have to pay a little extra amount of premium in addition to the basic bike insurance premium amount to opt for the bike insurance add-on cover.

  • How many bike insurance add-on covers can I purchase together?

    You can purchase as many add-on covers as you wish to own together, which are offered by the insurance company as per your budget and needs. Magma HDI offers 4 add-on covers and you are allowed to include all of those in your policy at a time.

must dotmust graphics

Why to buy from InsuranceDekho?

  • Instant policy# within 5 mins
  • More than 50 lakhs happy customers
  • Claim Support available all 7 days of the week

Magma HDI Bike Insurance Contact Details

For any assistance or query, call us on:

Bike Insurance News

Calculate your Two Wheeler IDV

#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.