Long Term Two Wheeler Insurance Policy

This Policy is designed to cover the compulsory Third Party Liability as required by Motor Vehicles Act, together with loss or damage to the Vehicle itself for a period of Two years and Three years as opted.

Key Feature

  • No hassle of annual renewals.
  • Long term policy for 2 or 3 years with discounted premium
  • In case of a Total Loss/ Combined Total Loss/ Theft claim of your two wheeler in the policy, during the first or second year, you can avail a refund on pro- rate basis on the unexpired period.
  • No effect of change in Third Party Liability Premium during the policy period
  • No effect of change in Service Tax during the policy period


  • Third party liability: Protects against any legal liability arising out of the use of the vehicle, towards third parties arising on accidental bodily injury to / on death of a person and any damage caused to third party property involving your Two Wheeler.
  • Loss or damage to the vehicle: The policy covers against any accidental loss or damage caused to the vehicle or its accessories due to the following :
    • Fire, explosion, self-ignition, accidental damage by external means
    • Any damage in transit by road, rail, inland waterway, lift, elevator or air
    • Lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide
    • Burglary, theft, riot, strike, malicious act, terrorist activity


  • No Claim Bonus available up to 50%
  • Voluntary Deductible available up to 25% on the OD Premium, subject to maximum of Rs. 750
  • Discount for Anti theft devices up to 2.5% on the OD Premium subject to maximum of Rs.1000 and Rs. 1500 for policies having tenure as 2 years and 3 years respectively
  • Automobile Association Membership Discount of 5% on OD premium subject to maximum of Rs. 100 and Rs. 150 for policies having a tenure of 2 years and 3 years respectively
  • Concession for specially designed/ modified vehicles for the Blind, Handicapped and Mentally Challenged Persons of 50% on OD premium
  • Tenure Discount of 5% on OD premium for 2 years policy period and 8% on OD premium for 3 years policy period


Any loss/damage to the vehicle and/or its accessories will be not be covered if caused by the following-

  • Normal wear, tear and general ageing of the vehicle
  • Depreciation or any consequential loss
  • Mechanical/ electrical breakdown
  • Vehicle being used otherwise than in accordance with limitations as to use
  • Damage to / by a person driving the vehicle without a valid license
  • Damage to / by a person driving the vehicle under the influence of drugs or liquor
  • Loss/ damage due to war, mutiny or nuclear risk

** Please refer to the policy wordings for complete list of exclusions.

Product Code - SBG-MO- P16-66- V01-15- 16 Disclaimer: The above information is indicative in nature, for more details on complete coverage, terms and conditions, please contact our nearest office. Also read the policy document and sales brochure carefully before concluding a sale.