LML Insurance

LML is a world-renowned two-wheeler manufacturer in India with over 50 years of legacy The brand produces a wide range of bikes catering to both commuters and adventure seekers. Whether you own a high-powered LML sports model or a reliable city commuter, you must insure it with comprehensive LML Insurance for protection against several risks, including third-party liabilities, accidental damages, theft, fire, and natural disasters, among others.

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About LML

LML was founded as Lohia Machines Limited Private Limited in 1972, the company initially manufactured synthetic yarn manufacturing machines and started manufacturing two-wheelers in 1984 after a collaboration with Italy-based company Piaggio. LML is known for manufacturing durable, stylish, and high-performance motorcycles that appeal to famous makes like the Freedom, Adreno, Gaptor, Vespa, Star and newer electric models. Their lineup includes sleek 125cc commuter bikes, robust 150cc street models, and powerful 200cc adventure bikes.

Popular LML Bikes with Bike Insurance Price

LML Bike Models	*Zero Dep Cover (Add-on Cover)**	Estimated LML Bike Insurance Price (1+5) Bundle Policy
LML NV	₹156	₹3,913
LML Freedom	₹143	₹3,924
LML Star	₹186	₹3,893
LML NV 4S	₹216	₹3,923
LML Select Ii	₹179	₹3,882
LML CRD 100	₹102	₹3,910

*Disclaimer: The premium rate for LML Vehicle bike models depends on several key factors, including the registered RTO, year of registration, Insured Declared Value (IDV), selected add-ons, the bike's make, model, and ex-showroom price. These premiums can differ significantly among various insurance providers.

LML Bike Insurance Calculator

LML insurance premium calculator allows you to estimate the policy premiums for your bike. You can use the free online bike insurance premium calculator on Policybazaar.com to get LML insurance price estimates instantly for your specific make. Simply enter the following details to generate results:

Vehicle make, model, and specifications
Ex-showroom price
Year of registration and RTO location
Claim history (if applicable)

Coverage Under LML Insurance

Inclusions
Exclusions

LML Insurance offers coverage for the following types of damages:

The insurance covers any injury or damage caused to third parties, vehicles, or property during an accident involving your insured LML motorcycle.
Protects against damages resulting from riots, vandalism, strikes or other human actions.
Safeguards your LML bike against damage from natural events such as floods, earthquakes, storms and landslides.
Provides coverage for losses or damages resulting from road collisions or other types of accidents.
Covers complete or partial loss of your insured LML bike in case of theft or burglary.
Shields your insured bike from damages caused by fire, whether natural or man-made.

Below are certain exclusions apply to your LML Insurance:

Claims will be denied for damages sustained by the bike resulting from negligence, intentional harm, or civil unrest.
The policy is void if the rider is involved in an accident while under the influence of drugs or alcohol.
Gradual corrosion or mechanical failures due to age or usage are not covered.
Claims will be rejected if essential documents like the driver's licence (DL), registration certificate (RC), insurance policy, or pollution certificate (PUCC) are not provided.
Claims cannot be processed if your LML insurance policy has expired.
Damages sustained by the bike or the rider outside the policy's specified geographical limits are not covered.

*Disclaimer: The above-mentioned points are generic inclusions-exclusions. Carefully go through your policy documents to understand the full extent of inclusions and exclusions.

How to Buy/Renew LML Insurance Online?

Whether you're purchasing a new LML bike or renewing your existing policy, you can easily complete the process at Policybazaar.com:

Step 1: Visit the official website of Policybazaar Insurance Brokers Private Limited and locate the 'Bike Insurance' option under the 'Insurance Products' section.
Step 2: For renewing an existing LML Insurance policy, simply enter your vehicle's registration number in the designated field. If you are buying insurance for a new bike, click on 'Bought a New Bike' to proceed.
Step 3: Fill in the required details accurately in the form and review them before submission.
Step 4: You will be directed to a page displaying various insurance quotes from reputable bike insurance providers. Choose the policy that best suits your needs and budget.
Step 5: Decide on the type of coverage you want, whether it's third-party or comprehensive insurance. You also have the option to select additional riders for enhanced protection.
Step 6: Complete the payment using one of the secure payment methods available. Once processed, your LML insurance policy documents will be sent to your registered email address.

LML Bike Insurance Add-ons

Enhance your standard LML insurance policy with additional riders and enjoy increased protection for your motorcycle. Consider these popular add-on options:

No Claim Bonus (NCB) Protection Cover
Zero Depreciation Cover
Engine Protection Cover
Return-to-Invoice (RTI) Cover
24/7 Roadside Assistance
Passenger Assistance Cover
Personal Accident Cover
Consumables Cover

Add-ons for your two wheeler insurance

How to Claim LML Insurance Online?

Filing a claim for your LML insurance is easy. Just follow these steps to streamline the process:

Step 1: Notify your insurance provider as soon as your vehicle is damaged or involved in an accident.
Step 2: An assessor will be assigned to inspect the damages to your vehicle. This professional will evaluate the situation to determine the extent of the loss or damage.
Step 3: After the inspection, the assessor will prepare a detailed report outlining their findings and submit this documentation to your insurance provider for review.
Step 4: Gather essential documents, including your ID proof, claim form, driving licence, and vehicle registration for verification.
Step 5: For cashless repairs, take your motorcycle to an authorised network garage, where the insurer will handle the payment directly.
Step 6: If you opt for a non-network garage, you'll need to pay for the repairs upfront. Afterwards, submit the repair invoice to your insurance provider, who will then reimburse you for the expenses incurred.

Documents Needed to File LML Insurance Claim

Ensure you have the following documents ready when you file for claim:

Completed and signed claim form
Insurance policy documents
Registration Certificate (RC) for your motorcycle
Valid driving licence (DL)
FIR or police report, if relevant
Estimate of repair costs
Repair invoice, if the bike has already been fixed
Photographs illustrating the damage extent

LML Insurance FAQs

Q. Can I purchase LML insurance online?

Ans: Yes. You can effortlessly purchase LML insurance online from Policybazaar.com in minutes. Enjoy a paperless digital purchase and renewal process using the app or the official website.
Q. Which insurance is compulsory for two-wheelers in India?

Ans: As per motor laws, a third-party insurance policy is mandatory for all vehicles in India.
Q. Which type of insurance is best for LML bikes?

Ans: You can pick the best-suited LML insurance for your two-wheeler, whether it is a third-party cover or comprehensive coverage, according to your needs and budget.
Q. Does LML insurance provide any add-ons?

Ans: Yes. There are multiple add-ons that you can opt for while purchasing or renewing your LML insurance, like NCB cover, zero depreciation, accessories cover, return-to-invoice, etc.
Q. What is the own-damage cover in LML insurance?

Ans: Own Damage (OD) cover in LML insurance provides financial protection for your motorcycle against damages to your own vehicle resulting from accidents, theft, vandalism, or natural disasters, saving out-of-pocket repair or replacement expenses.

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Written By: PolicyBazaar

Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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