Quickinsure Reveals: Save More on Premiums with HDFC ERGO Own-Damage ,Add-ons & No-Claim Bonus
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 (NC . 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 (NC 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 (₹80, Engine Protect (₹50, NCB Protection (₹40 →
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 (NC . 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 (NC 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 (₹80, Engine Protect (₹50, NCB Protection (₹40 →
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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