The New India Assurance Company Stand Alone Own Damage 2 Wheeler Bike Policy


The New India Assurance Company is owned by the Ministry of Finance, Govt. India. The company is headquartered in Mumbai, India. It is one of India’s oldest insurers and was established in 1919.

The New India Assurance Stand Alone Own Damage Bike Policy

Stand alone own damage policy is the policy that covers the policyholder from the cost of damages to his own vehicle. The policy offers different addon covers which are beneficial for the policyholder. It does not cover third-party damages.

Benefits of buying Stand Alone Own Damage policy from New India Assurance

  • The policy's wording is straightforward and uncomplicated.
  • The policyholder insures himself with a tailored IDV value.
  • Unpredictable and significant future costs are resolved.
  • Easy to buy online with Quickinsure
  • The company's claim settlement process is simple and speedy.

How to purchase Stand Alone Own Damage Policy from New India Assurance

  1. Visit the Quickinsure website from your browser
  2. Click on the ‘2 wheeler insurance’ icon
  3. Enter the vehicle registration number according to the registration certificate (RC)
  4. You can compare quotations from multiple insurance vendors and select the best fit
  5. Next, fill out the proposal form and crosscheck the details to ensure accuracy
  6. Complete the payment directly to the insurer and your policy will instantly be in your inbox

 Coverage of 2 Wheeler Stand Alone Own Damage Policy New India Assurance

  • Damage to your bike as a result of a collision or accident is covered.
  • Floods, typhoons, hurricanes, earthquakes, and other natural disasters are covered.
  • Coverage for man-made disasters such as rioting, vandalism, and so on.
  • Coverage in the event that your bike is stolen is available.

Exclusions under Stand-Alone Own Damage Policy New India Assurance

  • Third-party liability is not covered by the policy.
  • Cases involving driving while intoxicated are not covered.
  • There is no coverage for driving without a license or driving at excessive speeds.
  • Damage caused by riding a two-wheeler through a flood when the manufacturer does not recommend it will not be covered.
  • If you do not purchase add-ons for a certain condition, you will be uninsured.

 Frequently Asked Questions

  1. Is comprehensive bike insurance the same as SAOD policy?

No, comprehensive bike insurance is not the same as the SAOD policy. Comprehensive policy covers own damages as well as third party damages. SAOD policy covers only own damages.

  1. What is meant by the renewal of policy in SAOD policy?

Making a new policy because of the expiry or near expiry of the previous policy.

  1. What is meant by NCB discount in SAOD policy?

NCB means No Claim Bonus. No Claim Bonus is the discount given by the insurer to the insured as a reward for making no claims in the policy.

  1. Which is the easiest mode of buying SAOD policy?

Online mode is the easiest mode of buying SAOD policy. Buy policy online with support from our experts here.

  1. What is the main feature of buying SAOD policy?

SAOD policy is affordable and easy to buy. There is a range of beneficial add-ons that you can buy along with your SAOD policy. It is suggested to buy add-ons as per your requirements to enhance the coverage of your policy.

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