Ride safe with Tata AIGs two-wheeler insurance policy.


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  • Features
  • Exclusions
  • Disclaimer

Auto Secure Two-Wheeler Package Policy - TATA AIG : Features

Covers under Two-Wheeler Insurance

To start with, there are two types of insurance policies available to choose from:


Liability Only Insurance Policy

This is a mandatory policy as per Motor Vehicle Act. It covers the damages against property, bodily injury and death to a third party due to an accident caused by your two-wheeler. It also covers the owner of the insured vehicle against personal accident over.


Comprehensive Package Policy - Provides coverage in 3 categories:
  • It covers the insured two-wheeler against accidental damage, theft, natural disasters, explosion, riots, etc.
  • It covers the damages against third party property, bodily injury and death to the third party due to an accident caused by your two-wheeler
  • It also covers the insured (owner driver) against accidental death or permanent/temporary disablement

While there are many products available in the market for two-wheeler insurance, it is imperative that one looks at not only the policy features, benefits but should also look at other factors such as companys claim paying capability, service, claim settlement ratio and brand etc.

One of the leading two-wheeler insurance providers in the market is Tata AIG and it offers Auto Secure for Two-Wheeler Package Policy, a comprehensive package policy for two wheelers.

TATA group has a brand heritage and legacy in India and is known for its values and business ethics. Tata Sons partnered with American International Group (AIG), one of the leading global insurance companies in the world and has been range of insurance products to its customers.


What does Tata AIG two-wheeler insurance cover?
  • Loss of or damage to the vehicle ensured
  • Liability to third parties
  • Personal accident over for owner-driver

Our two-wheeler vehicle insurance policy covers all three of the above. Want to know more? Gladly! Let us see the sections this version of the motor insurance policy covers.


Loss of or Damage to the Vehicle Insured

According to Bengaluru city police data as published by The Indian Express earlier this year, 16 two-wheelers are stolen in the city every single day. That is just one city we are talking about and not even the one with the highest two-wheeler population.

Tata AIG two-wheeler vehicle insurance policy also covers any damage that may occur to your bike, due to any or one of the following reasons-

  • Natural disasters like cyclones, earthquakes, etc
  • Terrorist activity/malicious act
  • External accident
  • By fire explosion: self-ignition/lightning
  • Whilst in transit on the road, rail, waterway, lift or air

Now, as your bike grows old the value of its body-parts depreciates. Consider it the law of nature. Hence, the amount of cover granted to cover the damages is also subject to this depreciation.

Subject to deduction for depreciation at the rates mentionbelow in respect of the parts replaced
1.For all rubber/nylon/plastic Parts, tyres, tubes and 50%
2.For components 30%
3.For all parts made of glass Nil
4.Rates of depreciation for all other parts including wooden parts will be as per following Schedule
Age of % of Depreciation
Not Exceeding 6 month Nil
Exceeding 6 month but not exceeding 1 year 5%
Exceeding 1 year but not exceeding 2 year 10%
Exceeding 2 year but not exceeding 3 year 15%
Exceeding 3 year but not exceeding 4 year 25%
Exceeding 4 year but not exceeding 5 year 35%
Exceeding 5 year but not exceeding 10 year 40%
Exceeding 10 50%
5.Rates of for painting. In case of painting,epreciation rate of 50% shall be applied only on the material cost of total painting charges in case of bill for painting charges the material component

The Insured's Declared Value(IDV) of the vehicle will be deemed to be the 'sum insured' for the purpose of this Policy which is fixed at the commencement of each policy period for the insured vehicle. The IDV of the vehicle (and accessories, if any, fitted to the vehicle) is to be fixed on the basis of the manufacturer's listed selling price of the brand and model as the insured vehicle at the commencement of insurance/renewal and adjusted for depreciation (as per schedule below):

Age of % of Depreciation for fixing IDV
Exceeding 6 month but not exceeding 1 year 5%
Exceeding 1 year but not exceeding 2 year 15%
Exceeding 2 year but not exceeding 3 year 20%
Exceeding 3 year but not exceeding 4 year 30%
Exceeding 4 year but not exceeding 5 year 40%
Exceeding 5 year but not exceeding 10 year 50%

Liability to Third Parties

Indian law makes it mandatory for all vehicles to have a third-party insurance. That basically implies, that your insurance cover will take care of the following-

  • Death or bodily injury to the third party
  • Damage to the property belonging to the third party

Personal Accident Cover for Owner-driver

It covers the owner driver of the vehicle against any accidental death or permanent/temporary total disablement. In standard coverage, it is available up to Rs 15 as. The cover will trigger in case the insured meets with an accident while riding the two-wheeler which results in accidental death or dismemberment/disability. The compensation will be paid in accordance with the scale of compensation mentioned below.


Nature of injury Scale of
Death 100%
Loss of two limbs or sight of two eyes or one limbs sight of one ye 100%
Loss of one limb or sight of one ye 50%
Permanent total disablement from injuries other than named above 100%

Add-ons

Depreciation Allowance: (IRDAN108RP0001V01200001/A0061V01201819)

if you opt for this, we shall pay you the amount of depreciation deducted on the value of parts replaced damage claim.


Return to Invoice (IRDAN108RP0001V01200001/A0060V01201819)

We will pay the financial shortfall between the amount You receive under section 1(own damage) of the policy and the purchase price of the two wheeler as confirmed in the invoice of sale OR current replacement price of new two wheeler in case exactly same make/model is available, whichever is less, in the event of our two wheeler being a Total Loss/ Constructive total loss(CTL) following an accident or stolen during the period of insurance and not recovered. We will also reimburse the first time registration charges and road tax which you had incurred on the insured two wheeler.
However, the above is applicable only if the final police report of theft is provided to us and the covered two-wheeler is not imported.


Consumable Expenses (IRDAN108RP0001V01200001/A0063V01201819)

We will of consumables required to be replaced/replenished arising from an accident to the insured vehicle. Consumable for the purpose of this cover shall include engine oil, oil, lubricants, nut & bolt, screw, distilled water, grease, oil filter, bearings, washers, clip, break oil and items of similar nature excluding fuel.
However, we can do this only if you take the vehicle to an authorized service centre and also the claim is admissible under section I. If you on a random weekend decide to change the oil, we wont be able to cover that. his need must arise as part of damage claimed in section I.


Emergency Medical Expenses (IRDAN108RP0001V01200001/A0064V01201819)

Apart from covering your need for treatment arising out of an accident, we will also cover the reasonable emergency medical assistance including the ambulance charges both for you and the co-driver of the vehicle. However, any injuries caused before the accident wont be covered in this. Also, physiotherapy and psychosomatic disorders of any kind wont be covered.


Additional Third-Party Property Damage Cover (IRDAN108RP0001V01200001/A0062V01201819)

provide additional protection against third party property damage which is over and above what is covered under the policy.


Additional Personal Accident Cover to Owner Driver (IRDAN108R0001V01200001/A0065V01201819)

In the unfortunate event of an accident resulting death and injury , this cover provides additional ersonal ccident cover in addition to coverage provided under the policy.


Additional Personal Accident Cover to Unnamed Persons (IRDAN108RP0001V01200001/A0066V01201819)

In the unfortunate event of an accident resulting death and injury to any person driving the insured vehicle or travelling as occupant, they will get protection for an additional amount in addition to coverage provided under the policy.

Auto Secure Two-Wheeler Package Policy - TATA AIG : Exclusions

The company shall not be liable under this Policy in respect of:

  • Any accidental loss damage and/or liability caused sustained or incurred outside the Geographical Area.
  • Any claim arising out of any contractual liability.
  • Any accidental loss damage and/or liability caused sustained or incurred whilst the vehicle insured herein is
    1. Being used otherwise than in accordance with the Limitations as to Use or
    2. Being driven by the purpose of being driven by him/ her in the charge of any person other than a river as stated in the river's clause.
  • Any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss
  • any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purposes of this exception combustion shall include any self-sustaining process of nuclear fission.
  • Any accidental loss damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material Any accidental loss or damage and/or liability directly or indirectly or proximately or remotely occasioned by or contributed to by or traceable to or arising out of or in connection with war, invasion, the act of foreign enemies, hostilities or warlike operations(whether before or after declaration of war) civil war, mutiny rebellion, military or usurped power or by any direct or indirect consequences of any of the said occurrences and in the event of any claim hereunder the Insured shall prove that the accidental loss damage and/or liability arose independently of and was in no way connected with or occasioned by or contributed to by or traceable to any of the said occurrences or any consequences thereof and in default of such proof the Company shall not be liable to make any payment in respect of such a claim.

Note: For detailed product benefits, terms and conditions, please visit www.tataaig.com and refer Policy Wordings from the link below:

Policy Wordings Click here

Auto Secure Two-Wheeler Package Policy - TATA AIG : Disclaimer

Bank of Baroda is authorized by the Insurance Regulatory and Development Authority to act as a Corporate Agent from 01/04/2022 to 31/03/2025 for procuring or soliciting business of Life insurance, General insurance & Standalone Health insurance under Registration Code CA0004". Insurance is the subject matter of solicitation. For more details on risk factors, terms and conditions please read the sales read sales brochure carefully before concluding a sale. The purchase of Insurance products by Bank of Baroda customers is purely on a voluntary basis. The insurance products are underwritten by the respective insurance company. Bank of Baroda does not perform any insurance e-commerce activity on its website. The contract of insurance is between the insurer and the insured; and not between the Bank and the Insured.


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