1. Comprehensive Two-Wheeler Insurance (Package Policy)
This is ICICI Lombard’s most complete plan, combining third-party liability with own damage protection for your bike, including theft, accidents, fire, and natural disasters. It also allows customisation with add-ons like zero depreciation and roadside assistance, but coverage is subject to exclusions like wear & tear, mechanical breakdown, and drunk riding conditions.
2. Standalone Own Damage (OD) Bike Insurance
This plan covers only your bike’s damages, including losses due to accidents, theft, and natural or man-made calamities, making it ideal if you already have a valid third-party policy. It does not cover third-party liabilities, and claims are subject to policy terms like depreciation deductions unless add-ons are chosen.
3. Third-Party Two-Wheeler Insurance (Liability Only)
This is the mandatory basic plan as per Indian law, covering legal liabilities arising from injury, death, or property damage caused to a third party. However, it does not cover damages to your own bike, and personal accident cover is included or must be opted for separately as per regulations.
4. Long-Term Two-Wheeler Insurance (3-Year / 5-Year Plans)
ICICI Lombard offers multi-year policies, including 3-year and bundled 5-year options, ensuring continuous coverage and compliance without annual renewals.These plans help lock premiums, offer better No Claim Bonus continuity, and are subject to fixed-term conditions without mid-term cancellation flexibility in most cases.
5. Bundled Two-Wheeler Insurance Policy
This plan is offered for new bikes, combining long-term third-party cover with own damage protection under a single policy structure. It aligns with IRDAI norms for new vehicles, and add-ons can be included, but coverage specifics depend on tenure and selected benefits.
