Two-wheeler insurance premium calculator

Change any condition and the premium slip updates with every formula and rule flag. Motor uses the 2022 TP Rules and the erstwhile Indian Motor Tariff for OD; health and term life use editable illustrative models.

Policy

Business type

Policy type

Policy start date

Purchase / registration date

Previous policy end dateAny gap is a break-in; over 90 days removes NCB

Claim in expiring policy?

NCB earned (claim-free years)

Vehicle and IDV

Powertrain

Engine (cc)

RTO location

Ex-showroom price (₹)

IDV change by customer (%)Allowed ±15% of system IDV without referral

De-tariff discount on OD rate (%)Insurer's discount off the erstwhile tariff rate. Negative = loading

Accessories

Electrical accessories (₹)

Non-electrical accessories (₹)

CNG / LPG kit

Side car value (₹)

Loadings

Fibre-glass fuel tank

Used for driving tuition (+60%)

Imported without customs duty (+30%)

Geographical extension (SAARC)

Discounts

Voluntary deductible

ARAI anti-theft device (2.5%, max ₹500)

Automobile Association member (5%, max ₹200)

Specially designed for disabled (50%)

Used only within own premises (−33⅓%)

Third-party and personal accident

Restrict TPPD to ₹6,000 (−₹50/yr)

Compulsory PA for owner-driver (₹15 lakh)Waived if no licence, another CPA, or a standalone PA of ₹15 lakh+

CPA premium per year (₹)Insurer-set, usually ₹220–450

CPA tenure

PA for unnamed passengers, SI per person

Legal liability to paid driver (count)

Add-on covers insurer rates, editable

Total payable

₹1,955incl. GST

Two-wheeler · OD 1 yr + TP 1 yr

System IDV

₹66,500

Depreciation

30% at 27 mo

Final IDV

₹66,500

Own damage
Basic own damage₹66,500 IDV × 0.939% (tariff 1.708% − 45%)	₹625
Subtotal OD	₹625
No claim bonus 25%OD before NCB × 25%	−₹156
Own damage premium	₹469
Third-party liability
Basic third-party125 cc, 1-year TP slab (2022 Rules)	₹714
Third-party premium	₹714
Personal accident
Compulsory PA, owner-driver₹275 × 1 yr (₹15 lakh SI)	₹275
Add-ons and riders
Zero depreciation₹66,500 × 0.3%	₹200
Add-on premium	₹200
Premium and tax
Net premium	₹1,657
GST 18%	₹298
Total payable	₹1,955

IDVAllowed IDV range: ₹56,525 to ₹76,475. Zone A, age 27 months.

DeductibleCompulsory deductible per claim: ₹100.

Compare scenarios

Save a scenario from the premium slip to compare conditions side by side, for example the same car with and without zero depreciation, or a 1-year vs 3-year health policy.