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What Is OD In Insurance?

OD (Own damage) Insurance in car insurance policy is considered to safeguard your car against unexpected own damages.

What is Own Damage Premium?

Own Damage premium is the specific cost paid to cover your vehicle against physical damage or theft. This component is influenced by the vehicle's age, make, model, and geographical location. It allows policyholders to claim for repairs caused by accidents, fire, or vandalism. Unlike Third Party cover, this premium is not fixed by the regulator. Discounts like No Claim Bonus can significantly reduce this specific cost.

What is Net Own Damage Premium?

Net Own Damage premium is the portion of motor insurance that covers damage to your own vehicle. It is calculated after applying the basic rate and subtracting the No Claim Bonus (NCB). This amount does not include the Third Party premium or GST. It covers losses from accidents, theft, fire, and natural disasters. The final net amount depends on the vehicle's Insured Declared Value (IDV).

How to claim Car Insurance for Own Damage in India?

To claim Car Insurance for your own damage go through our online portal which has a dedicated team of agents who will assist to the very end of your insurance policy.

How to claim Insurance for Bike Damage?

To claim a Bike insurance policy please visit our portal and consult our agent after damage.

How to claim Car insurance for Own Damage?

For Own damage claim in car insurance policy please visit our portal and consult our agent after any damage peril. Own damage section covers the loss or damage to the bike due to an insured peril operating at the time of loss or accident. The third-party Bike insurance also includes the compulsory owner/driver personal accident cover of Rs.15 Lacs.

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