Quickinsure Reveals: Save More on
Premiums with HDFC ERGO Own-Damage
Add-ons & No-Claim Bonus
When it comes to safeguarding your bike, HDFC ERGO Standalone Own-Damage Bike Insurance is one of the
most trusted choices in India. Unlike third-party insurance, which is mandatory by law but limited in
coverage, the own-damage policy protects your vehicle from risks like accidents, theft, fire, and natural
calamities.
However, many riders often wonder: “How can I reduce my premium without compromising on
coverage?” The answer lies in smart planning with add-on covers and the No-Claim Bonus (NCB) . At
Quickinsure, we help bike owners explore these money-saving options while still enjoying robust
protection.
This article dives deep into how HDFC ERGO Own-Damage Add-on and No-Claim Bonus benefits work
together to maximize savings on your two-wheeler insurance premiums.
Why HDFC ERGO Standalone Own-Damage Policy Matters
Before we explore savings, let’s understand the policy’s role:
Coverage beyond mandatory third-party insurance – It protects your bike against damage.
Wide protection scope – Fire, theft, natural calamities (flood, earthquake, cyclone), and man-made
incidents (vandalism, riots).
Financial cushion – Helps avoid high out-of-pocket expenses in case of accidents.
Customization with add-on – Flexibility to enhance your coverage.
In short, this policy ensures that you don’t just follow the law but also protect your financial stability.
What are the Add-On Covers in HDFC ERGO Own-Damage Bike
Insurance?
Add-on are optional covers you can purchase at a small additional cost. They enhance the scope of your
insurance by protecting against specific risks not covered under the standard own-damage plan.
Popular Add-Ons You Should Consider
Zero Depreciation Cover (Nil Depreciation)
o Ensures full claim settlement without factoring in depreciation of bike parts.
o Best for new bikes or high-end models.
Return-to-Invoice (RTI) Cover
o If your bike is stolen or total loss occurs, you get the original invoice value, not just the
depreciated value.
o Helpful for expensive or recently purchased bikes.
Engine Protect Cover
o Covers engine damage caused by water aggression or oil leakage (not usually covered in
standard insurance).
o Essential for areas prone to floods.
Consumables Cover
o Covers the cost of nuts, bolts, engine oil, and other small items not usually covered.
o Prevents minor repair costs from digging into your pocket.
Roadside Assistance Cover
o 24x7 help for flat tires, towing, battery jump-start, and emergency fuel supply.
o Perfect for long-distance riders and daily commuters.
No-Claim Bonus Protection
o Allows you to retain your NCB discount even after making a small claim.
o Best for those who want to keep long-term premium savings intact.
Key Protect Cover
o Covers expenses related to lost or damaged bike keys.
How Add-Ons Help You Save on Premiums
While add-on do increase your premium slightly, they save you big money during claims. For example:
A Zero Depreciation add-on could cost a few hundred rupees, but it saves thousands during
repairs since no depreciation is deducted.
Engine Protect prevents costly engine replacement bills that could run into tens of thousands.
NCB Protection secures long-term savings by ensuring your No-Claim Bonus continues.
Think of add-on as small investments for big savings.
What Is No-Claim Bonus (NCB) in HDFC ERGO Bike Insurance?
No-Claim Bonus is a reward you get from the insurer for not making any claims during your policy term.
It reduces your premium at renewal time.
How NCB Works
After 1 claim-free year → 20% discount on premium.
After 2 claim-free years → 25% discount.
After 3 claim-free years → 35% discount.
After 4 claim-free years → 45% discount.
After 5 claim-free years → 50% discount (maximum limit).
Example: If your annual own-damage premium is ₹4,000, after 5 claim-free years, it could drop to just
₹2,000 with NCB.
Smart Ways to Save More on Premiums with Quickinsure
Here’s how you can combine HDFC ERGO add-on and NCB benefits to reduce costs:
1. Use NCB Protection Add-On
Keep your NCB intact even if you make a small claim.
This ensures long-term discounts are not lost.
2. Opt for Multi-Year Policy
HDFC ERGO offers multi-year bike insurance.
Lock in lower premiums and avoid annual hikes.
3. Choose Add-On Wisely
Pick only those add-on that suit your riding style.
o Example: If you live in a flood-prone city → Get Engine Protect.
o If you use a new premium bike → Go for Zero Depreciation + RTI.
4. Install Safety Devices
Anti-theft devices approved by ARAI can lower your premium.
5. Avoid Small Claims
Pay for minor damages out-of-pocket.
Helps you keep your NCB intact for bigger savings later.
6. Use Quickinsure Online Renewal
Quickinsure compares plans instantly and applies all available discounts.
Hassle-free renewals at the best possible rates.
Quickinsure Advantages for HDFC ERGO Bike Insurance
When you buy or renew your HDFC ERGO Standalone Own-Damage Policy via Quickinsure, you get:
Instant comparison of multiple insurers.
Transparent premium breakdown with NCB discounts highlighted.
Add-on customization – Choose what you need, skip what you don’t.
Fast digital policy issuance – No paperwork, policy delivered instantly.
Expert claims support – Guidance during claim settlement to ensure maximum benefit.
Example Case Study: How Add-Ons + NCB Save Money
Let’s take an example of Rahul, a bike owner in Mumbai.
Base own-damage premium: ₹5,000
Selected Add-on: Zero Depreciation (₹800), Engine Protect (₹500), NCB Protection (₹400) →
Total Add-on = ₹1,700
Total premium with add-on: ₹6,700
Now, Rahul avoids claims for 3 years. His NCB = 35% → Discount of ₹2,345 on premium.
So, his renewal premium reduces significantly, and during floods, his Engine Protect add-on saved him
₹18,000 in repair costs.
Net result: Huge savings in both premiums and claim expenses.
FAQs on HDFC ERGO Own-Damage Add-Ons & NCB
Q1: Can I buy add-on later after purchasing the policy?
Most add-on can only be added during policy purchase or renewal.
Q2: What happens to NCB if I switch insurer?
NCB is transferable across insurers, including when you move via Quickinsure.
Q3: Is NCB applicable on third-party policy?
No, it is only applicable on own-damage or comprehensive policies.
Q4: Can I retain NCB if I sell my bike?
Yes, NCB belongs to the policyholder, not the vehicle. You can transfer it to your new bike policy.
Q5: Which add-on are most popular for HDFC ERGO bike insurance?
Zero Depreciation, NCB Protection, and Roadside Assistance are the top choices.
Final Thoughts
HDFC ERGO Standalone Own-Damage Bike Insurance offers robust protection, but the real savings come
when you strategically use add-on and NCB benefits.
With Quickinsure, you not only get guidance on choosing the right mix but also ensure that your
premiums stay low while coverage remains high.
Quickinsure Reveals: Save More on
Premiums with HDFC ERGO Own-Damage
Add-ons & No-Claim Bonus
When it comes to safeguarding your bike, HDFC ERGO Standalone Own-Damage Bike Insurance is one of the
most trusted choices in India. Unlike third-party insurance, which is mandatory by law but limited in
coverage, the own-damage policy protects your vehicle from risks like accidents, theft, fire, and natural
calamities.
However, many riders often wonder: “How can I reduce my premium without compromising on
coverage?” The answer lies in smart planning with add-on covers and the No-Claim Bonus (NCB) . At
Quickinsure, we help bike owners explore these money-saving options while still enjoying robust
protection.
This article dives deep into how HDFC ERGO Own-Damage Add-on and No-Claim Bonus benefits work
together to maximize savings on your two-wheeler insurance premiums.
Why HDFC ERGO Standalone Own-Damage Policy Matters
Before we explore savings, let’s understand the policy’s role:
Coverage beyond mandatory third-party insurance – It protects your bike against damage.
Wide protection scope – Fire, theft, natural calamities (flood, earthquake, cyclone), and man-made
incidents (vandalism, riots).
Financial cushion – Helps avoid high out-of-pocket expenses in case of accidents.
Customization with add-on – Flexibility to enhance your coverage.
👉 In short, this policy ensures that you don’t just follow the law but also protect your financial stability.
What are the Add-On Covers in HDFC ERGO Own-Damage Bike
Insurance?
Add-on are optional covers you can purchase at a small additional cost. They enhance the scope of your
insurance by protecting against specific risks not covered under the standard own-damage plan.
Popular Add-Ons You Should Consider
Zero Depreciation Cover (Nil Depreciation)
o Ensures full claim settlement without factoring in depreciation of bike parts.
o Best for new bikes or high-end models.
Return-to-Invoice (RTI) Cover
o If your bike is stolen or total loss occurs, you get the original invoice value, not just the
depreciated value.
o Helpful for expensive or recently purchased bikes.
Engine Protect Cover
o Covers engine damage caused by water aggression or oil leakage (not usually covered in
standard insurance).
o Essential for areas prone to floods.
Consumables Cover
o Covers the cost of nuts, bolts, engine oil, and other small items not usually covered.
o Prevents minor repair costs from digging into your pocket.
Roadside Assistance Cover
o 24x7 help for flat tires, towing, battery jump-start, and emergency fuel supply.
o Perfect for long-distance riders and daily commuters.
No-Claim Bonus Protection
o Allows you to retain your NCB discount even after making a small claim.
o Best for those who want to keep long-term premium savings intact.
Key Protect Cover
o Covers expenses related to lost or damaged bike keys.
How Add-Ons Help You Save on Premiums
While add-on do increase your premium slightly, they save you big money during claims. For example:
A Zero Depreciation add-on could cost a few hundred rupees, but it saves thousands during
repairs since no depreciation is deducted.
Engine Protect prevents costly engine replacement bills that could run into tens of thousands.
NCB Protection secures long-term savings by ensuring your No-Claim Bonus continues.
👉 Think of add-on as small investments for big savings.
What Is No-Claim Bonus (NCB) in HDFC ERGO Bike Insurance?
No-Claim Bonus is a reward you get from the insurer for not making any claims during your policy term.
It reduces your premium at renewal time.
How NCB Works
After 1 claim-free year → 20% discount on premium.
After 2 claim-free years → 25% discount.
After 3 claim-free years → 35% discount.
After 4 claim-free years → 45% discount.
After 5 claim-free years → 50% discount (maximum limit).
👉 Example: If your annual own-damage premium is ₹4,000, after 5 claim-free years, it could drop to just
₹2,000 with NCB.
Smart Ways to Save More on Premiums with Quickinsure
Here’s how you can combine HDFC ERGO add-on and NCB benefits to reduce costs:
1. Use NCB Protection Add-On
Keep your NCB intact even if you make a small claim.
This ensures long-term discounts are not lost.
2. Opt for Multi-Year Policy
HDFC ERGO offers multi-year bike insurance.
Lock in lower premiums and avoid annual hikes.
3. Choose Add-On Wisely
Pick only those add-on that suit your riding style.
o Example: If you live in a flood-prone city → Get Engine Protect.
o If you use a new premium bike → Go for Zero Depreciation + RTI.
4. Install Safety Devices
Anti-theft devices approved by ARAI can lower your premium.
5. Avoid Small Claims
Pay for minor damages out-of-pocket.
Helps you keep your NCB intact for bigger savings later.
6. Use Quickinsure Online Renewal
Quickinsure compares plans instantly and applies all available discounts.
Hassle-free renewals at the best possible rates.
Quickinsure Advantages for HDFC ERGO Bike Insurance
When you buy or renew your HDFC ERGO Standalone Own-Damage Policy via Quickinsure, you get:
Instant comparison of multiple insurers.
Transparent premium breakdown with NCB discounts highlighted.
Add-on customization – Choose what you need, skip what you don’t.
Fast digital policy issuance – No paperwork, policy delivered instantly.
Expert claims support – Guidance during claim settlement to ensure maximum benefit.
Example Case Study: How Add-Ons + NCB Save Money
Let’s take an example of Rahul, a bike owner in Mumbai.
Base own-damage premium: ₹5,000
Selected Add-on: Zero Depreciation (₹800), Engine Protect (₹500), NCB Protection (₹400) →
Total Add-on = ₹1,700
Total premium with add-on: ₹6,700
Now, Rahul avoids claims for 3 years. His NCB = 35% → Discount of ₹2,345 on premium.
So, his renewal premium reduces significantly, and during floods, his Engine Protect add-on saved him
₹18,000 in repair costs.
👉 Net result: Huge savings in both premiums and claim expenses.
FAQs on HDFC ERGO Own-Damage Add-Ons & NCB
Q1: Can I buy add-on later after purchasing the policy?
Most add-on can only be added during policy purchase or renewal.
Q2: What happens to NCB if I switch insurer?
NCB is transferable across insurers, including when you move via Quickinsure.
Q3: Is NCB applicable on third-party policy?
No, it is only applicable on own-damage or comprehensive policies.
Q4: Can I retain NCB if I sell my bike?
Yes, NCB belongs to the policyholder, not the vehicle. You can transfer it to your new bike policy.
Q5: Which add-on are most popular for HDFC ERGO bike insurance?
Zero Depreciation, NCB Protection, and Roadside Assistance are the top choices.
Final Thoughts
HDFC ERGO Standalone Own-Damage Bike Insurance offers robust protection, but the real savings come
when you strategically use add-on and NCB benefits.
With Quickinsure, you not only get guidance on choosing the right mix but also ensure that your
premiums stay low while coverage remains high.
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