Navi Two-Wheeler Add-Ons

The bike insurance add-on enhances the policy coverage with the help of which, the policyholders can secure their bikes and scooters in a better and easier way. To get the add-on cover, one just has to pay an additional amount of premium along with the premium of the standard bike insurance plan. Navi General Insurance provides a wide array of add-on covers at reasonable prices, which can be opted either at the time of purchase or renewal of the policy.

1. Zero Depreciation – With this two-wheeler add-on insurance cover, the insurer shall reimburse the amount of depreciation deducted on replacement of any damaged parts under any damage claims made due to accidents during the policy period. However, a claim where a replacement of any part is not happened and no depreciation is deducted, then that claim request will not be entertained under this add-on cover. This add-on cover is recommended for those who own branded new bikes of not more than 5 years old.

2. New Vehicle for Old Vehicle – If you have this add-on cover, then your insurance company will pay you the difference between the amount receivable under own-damage cover of the policy and the invoice price of the new vehicle of same make and model in the event of valid and admissible total loss or constructive total loss or theft claim under the policy. If exactly the same make or model or variant is discontinued, in such case, the insurer’s liability will be limited to the shortfall with respect to the last available invoice amount of the insured two-wheeler just before the discontinuation.

3. NCB (No Claim Bonus) Secure - With every claim free year, the policyholders get a reward from the insurance companies in terms of No Claim Bonus (NCB). It helps in reducing your premium amount of the next year policy but this benefit becomes invalid on claiming even a single claim in between. Hence, with this NCB protected add-on cover you can continue to enjoy the no claim bonus benefit even after making a claim in a previous policy period. It is offered if you have made no claim at least for preceding 2 consecutive years at the policy inception.

4. Consumable Expenses – During the accidents and mishaps, not only the body of your two-wheeler damages, but it also leads to the wastage of your consumables. With the inclusion of this consumable expenses add-on cover, the insurance provider will cover cost of consumables which are required to be replaced or replenished arising from an accident to the insured vehicle subject to valid and admissible claim own-damage expenses of the policy. The consumables comprise oil, lubricants, coolant, fasteners, filters, bearings, and items of similar nature excluding fuel.

5. Engine Protect – The engine protect add-on cover will make your insurance company to reimburse your expenses incurred towards repair or replacement due to consequential damages of the internal parts of the bike’s engine, damages incurred by the gearbox and differential assembly because of the water ingression, damage caused to hydrostatic lock, or coolant leakage or lubricant oil from the insured bike. This cover is applicable only if the bike is repaired at an authorised garage.

6. Accidental Hospitalisation – Under this add-on cover, the insurer promises to reimburse the medical expenses incurred by the policyholder, driver or pillion rider in hospital or nursing home for their bodily injuries caused by an accident of the insured vehicle, provided their own damage claim is valid and admissible by the insurer. The cover also pays for the ambulance charges incurred by you for shifting from the accident site to the hospital up to the sum insured.

7. Hospital Cash – If policyholder, driver, or pillion rider suffers accidental injuries, arising due to an accident or mishap involving the insured two-wheeler, which leads to hospitalisation as an inpatient, then under this add-on cover, the insurance company shall pay a specific amount to every person for each day of hospitalisation for a maximum period of 5 days from the date of hospitalisation provided own damage claim is valid and duration of hospitalisation exceeds 3 days.

8. Enhanced Owner Personal Accident – With this add-on cover, the insurance company will provide compensation for defined bodily injuries on a specified scale sustained by the insured person in direct connection with the insured vehicle or whilst boarding or deboarding from or driving or travelling in the insured vehicle resulting in death, permanent total disablement from injuries, etc, within six calendar months of the occurrence of such event.

9. Enhanced Pillion Rider Personal Accident – With this add-on cover, the insurance company will provide compensation for defined bodily injuries on a specified scale sustained by by any unnamed pillion rider in direct connection with the insured vehicle or whilst boarding or deboarding from or driving or travelling in the insured vehicle resulting in death, permanent total disablement from injuries, etc, within three calendar months of the occurrence of such event.

10. EMI Protector – If you have bought your insured two-wheeler on loan and it meets with an accident while driving or travelling in it, which makes you suffer injuries that leads to your hospitalisation for more than 7 days, the under the EMI protector add-on cover, the insurer will pay up to 3 Equated Monthly Installment (EMI).

11. Outstanding Loan Protector – If you own an outstanding loan protector add-on cover, the insurance company will pay outstanding loan amount to your bank or financer, if your insured two-wheeler meets with an accident which make you suffer injury which cause death, permanent total disablement, etc., within six calendar months of the occurrence of such injury.

12. Roadside Assistance – The roadside assistance is an add-on cover that gives you various emergency assistance services through network garages or service providers. With this cover you shall be able to claim only up to four assistance services during the policy period which may include towing assistance service, repair on the spot, fuel support, spare key retrieval, medical coordination, hotel accomodation and many more.