Return to Invoice cover in two-wheeler insurance is an add-on cover where the insurer compensates if the insured vehicle faces a total loss/constructive total loss or theft. However, you need to have opted for a standard cover or a comprehensive one. 

The add-on cover ensures that the insurance company pays the cost for a new vehicle for the same or near identical make, model, features, and specifications in case of total loss.

Note: Return to Invoice add-on cover in Bike Insurance has been filed as Digit Two Wheeler Package Policy - Return to Invoice with Insurance Regulatory and Development Authority of India (IRDAI) with UIN number IRDAN158RP0006V01201718/A0020V01201718.

Some of the benefits which you can avail for purchasing the add-on cover of Return to Invoice are listed below:

• Payment of road tax (First payment)

• Payment towards first-time registration charges of the vehicle

• The policy covers the vehicle, including Own Damage cover, third-party Liability, and any other add-on cover that the policyholder may think would be beneficial to protect the car.  

• The cost incurred for installing any accessories (not part of the factory-fitted ones) which are specifically insured under the Own Damage cover of the two-wheeler policy

The add-on cover of Return to Invoice in Two-wheeler insurance has the following exclusions in addition to the ones listed under the primary policy: 

• The insurer will not entertain the claim if total loss/constructive total loss/theft of the vehicle is not admissible under the Own Damage section of the insurance policy.
  
• The insurance company will not reimburse the cost of any accessory not specifically insured under the Own Damage section of the insurance policy or is part of the Original Equipment Manufacturer (OEM).
• Claim will be rejected if the insured vehicle is recovered within 90 days of theft unless the Final Investigation Report/Non-Traceable Report is submitted.
• Any claim which does not qualify as total loss/constructive total loss as per the insurance policy will be rejected.

Disclaimer - The article is for informational purposes, collected across the internet and with respect to Digit’s Policy Wordings document. For detailed coverage, exclusions, and conditions about Digit Two Wheeler Package Policy - Return to Invoice (UIN:IRDAN158RP0006V01201718/A0020V01201718), go through your policy document carefully.