Magma HDI Two Wheeler Policy

• Protection from loss or damage to insured vehicle
• Cover for third party liability
• Personal accident cover for owner cum driver
• Avail No Claim Bonus benefit
• Take advantage of discounts in premium
• Choose riders to enhance the policy coverage
• Cashless claims settlement in network garages/workshops

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories is covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of Rs 1 lakh is payable towards personal accident cover during any one period of insurance.

No Claim Bonus

No Claim Bonus (NCB) as 20%, 25%, 35%, 45% & 50% is applicable, in case of a claim-free policy year. The NCB benefit may vary depending on the type of vehicle and the number of no-claim policy years.

Discounts

You can avail discounts in premium in case of installation of anti-theft devices in your vehicle.

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

• Personal Accident Cover: It provides compulsory personal accident cover of Rs 1 lakh for individual owners of the vehicle while driving. Occupants of vehicle are covered for personal accident up to a maximum sum Insured of Rs 1 lakh per person. You also have the flexibility to opt for higher limits in Personal Accident cover.

Following are the conditions that are not covered under this policy:

• Vehicle is used outside the geographical area
• Vehicle being used otherwise than in accordance with the ‘Limitations as to Use’ specified
• Any claim arising out of contractual liability
• Loss /Damage outside India
• Mechanical/Electrical breakdown
• Consequential loss
• Depreciation, wear and tear
• Intoxicated driving
• War/Mutiny/Nuclear risk, etc.