Before the insurance provides compensation for a claim, the insured has to pay some amount from their pockets. This amount is called deductible or excess and is based on the type of vehicle you own. For two-wheeler owners, the deductible amount starts from Rs. 50 and for private cars and commercial vehicles the base deductible is Rs. 500. The deductible amount depends upon the cubic capacity/carrying capacity of the vehicle. The higher the cubic capacity of the vehicle, the higher will be the deductible amount. It can also arise if the vehicle is too old or the frequency of claims made by the policyholder is very high.