Discount on premiums for Voluntary Deductibles - private cars and two-wheelers
Oct 6, 2008
The tables given below enlist the voluntary deductibles for car insurance for private cars and two-wheelers :
Private cars:
| Voluntary Deductible |
Discount |
| Rs. 2500 |
20% on the Own Damage (OD) premium of the vehicle, subject to a maximum of Rs. 750/- |
| Rs. 5000 |
25% on the OD premium of the vehicle, subject to a maximum of Rs. 1,500/- |
| Rs. 7500 |
30% on the OD premium
of the vehicle, subject to a maximum of Rs. 2,000/- |
| Rs. 15000 |
35% on the OD premium of the vehicle, subject to a maximum of Rs. 2,500/- |
Two-Wheelers:
| Voluntary Deductible |
Discount |
| Rs. 500 |
5% on the OD premium of the two wheeler, subject to a maximum of Rs. 50/- |
| Rs. 750 | 10% on the OD premium of the two wheeler, subject to a maximum of Rs.75/- |
| Rs. 1000 | 15% on the OD premium of the two wheeler, subject to a maximum of Rs.125/- |
| Rs. 1500 | 20% on the OD premium of the two wheeler, subject to a maximum of Rs.200/- |
| Rs. 3000 | 25% on the OD premium of the two wheeler, subject to a maximum of Rs.250/- |
See Also:
Motor Insurance FAQs on Claims
Motor Insurance FAQs on Coverage
Motor Insurance FAQs on Cost, Premiums, Bonus, Discounts, Renewals
Can the insurance premium on my vehicle be reduced?
What motor insurance covers vs. What it excludes
What is No Claim Bonus?
What if I forget to renew my auto insurance on time?
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