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Standalone Own Damage Bike Insurance

Standalone Own Damage Bike Insurance

Insure your two wheeler within minutes.

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  • 1 Competitive Premiums Overpriced premiums have no place at Chola MS. We offer competitive and best-priced premiums to all our customers. Get a quote and find out for yourself. It’s just a click away.
  • 2 Low IDV Customize your IDV to suit your requirement
  • 3 Quick Hassle-free Claims 15,000 motor claims settled within a month and 60% claims settled in 10 days. Our claim process is designed to assist customers with a speedy turnaround on their claim settlement.
  • 4 Limitless Claims No restrictions on claims. Register as many as you need until the IDV is exhausted.
  • 5 24/7 Phone, Email Chat Support Phone and Email Support is available even on National Holidays.
  • 6 Cashless Garages 7100+ Cashless Garages spread across the country for your convenience.
  • 7 Exclusive Discounts Chola MS ensures customer delight always. Our customers are eligible for discount on purchases from Pharmacies and for services in leading Diagnostic Centres spread across the country.

An own damage bike insurance gives the bike owner protection against natural or manmade risks. Two main benefits of two-wheeler own damage insurance are:

  • Coverage against thefts, accidents, natural calamities such earthquakes, floods and social risks such as riots, strikes terrorism.
  • The policy also has a no-claim bonus where the insured gets a discount on renewal premium if there were no-claims in the previous policy year.

It’s important to understand the process by which one initiates a claim for the policy. Let’s understand how to file an own damage bike insurance claim:

  • When an accident takes place, you can either file a claim online or call us at 1800-208-544
  • The surveyor will then inspect the claim related spot or garage for further details regarding the accident and damages that took place.
  • Required evidence is collected and documents are prepared for the claim which are then verified along with the details submitted.
  • Depending on the policy and final decision taken, the liability amount is then fixed and paid to the concerned party.

With Chola MS you get access to a large number of cashless garages throughout the country. Other benefits include live video streaming for claim intimation. With quick and hassle-free processing, you can be sure to get your claims and affairs sorted in no time. You even have unlimited claims until the IDV is exhausted, which can be customized to your requirements.

Own damage bike insurance is now a stand alone policy that can be purchased and renewed independently by individuals. While third-party bike insurance for 5 years is mandatory, the own damage bike insurance is optional and can be purchased for upto 5 years.


A  Standalone Own Damage Bike Insurance provides cover in the following events - 
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