About Mahindra Bikes
Mahindra, a big name in India's vehicle manufacturing industry, began in 1945 as a steel trading company founded by JC Mahindra, KC Mahindra, and Malik Ghulam Muhammad. Expanding into vehicle production, Mahindra became known for durable tractors and utility vehicles and built a legacy of notable acquisitions and global collaborations. In 2008, Mahindra launched following the acquisition of Kinetic Motors, producing popular models like Centuro, Mojo, and Gusto.
Popular Mahindra Bike Models with Bike Insurance Price
Mahindra Bike Models | Zero Dep Cover* (Add-on Cover) | Estimated Mahindra Bike Insurance Price* (1+5 Bundled Policy) |
Mahindra Centuro | ₹135 | ₹3,933 |
Mahindra Duro | ₹167 | ₹3,886 |
Mahindra Gusto | ₹150 | ₹3,927 |
Mahindra Rodeo | ₹187 | ₹3,895 |
Mahindra Sym Flyte | ₹121 | ₹3,918 |
Mahindra Kine | ₹121 | ₹2,929 |
*Disclaimer: The insurance prices for Mahindra bikes vary for different insurers. The insurance coverage is influenced by the make, variant, features, IDV, ex-showroom price and other factors.
Mahindra Bike Insurance Calculator
Bike insurance premium calculator helps you estimate the insurance premium required for your two-wheeler You can easily access the free online tool at Policybazaar.com to facilitate accurate premium calculations. To generate precise estimates, simply provide the following details:
- Make, Type, and Specifications
- Bike's RTO and Registration Year
- Ex-Showroom Price
- Past Claim History
Coverage Under Mahindra Bike Insurance
- Inclusions
- Exclusions
The Mahindra bike insurance policy offers protection for the following situations:
- Coverage extends to liabilities arising from accidents involving the insured motorcycle that impact third parties.
- Protection is provided for damage due to human actions like riots, vandalism, and strikes.
- Coverage includes losses or damages from natural calamities such as earthquakes, floods, landslides, cyclones, and typhoons.
- The insurance policy covers the damages resulting from road accidents, collisions, or similar incidents.
- The policy covers both partial and total loss of the motorcycle due to theft or burglary.
- Loss or damage due to fire incidents is included in the coverage.
The Mahindra bike insurance policy does not provide coverage in the following scenarios:
- Claims are not accepted for damages resulting from neglect, deliberate actions, civil disturbances, or nuclear incidents.
- Incidents involving accidental damages to self or third parties while driving intoxicated (drug or substance abuse) void the coverage.
- Damages as a result of routine wear, tear, or mechanical breakdowns are excluded.
- Claims will be denied if the rider fails to possess the necessary documentation, including a valid license, registration, insurance, or a pollution control certificate.
- Claims will not be observed if the insurance policy has expired at the time of the incident.
- Any damage incurred while riding outside the policy-specified geographic boundaries is not covered.
*Disclaimer: The above-mentioned are general inclusion and exclusion under the policy. Carefully read your insurance documents to understand the full extent of the coverage.
How to Buy/Renew Mahindra Bike Insurance Online?
You can secure or renew insurance for your Mahindra bike quickly on Policybazaar.com by following these steps:
- Step 1: Visit the official Policybazaar Insurance Brokers Private Limited website and locate the 'Bike Insurance' option under the 'Insurance Products' section.
- Step 2: If renewing an existing policy, input your bike's registration number. Select the 'Bought New Bike' option to purchase insurance for a new bike.
- Step 3: Complete the online form with all necessary details, ensuring accuracy in each field.
- Step 4: Compare quotes from various insurers to find the policy that matches your budget and coverage needs.
- Step 5: Select the insurance plan that's right for you, either comprehensive coverage or third-party insurance, and explore optional add-ons for added protection.
- Step 6: Make the premium payment through any of the secure online payment methods available. Once your transaction is complete, you'll receive your Mahindra bike insurance policy over the registered email.
Mahindra Bike Insurance Add-ons
Upgrade your basic Mahindra bike insurance policy with multiple add-ons to enjoy enhanced coverage. Some popular choices are:
- 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
How to Claim Mahindra Bike Insurance Online?
If you need to file a claim for accidental damages to your Mahindra bike insurance, follow these steps:
- Step 1: Contact your insurance provider immediately to report the accident or damage.
- Step 2: A designated surveyor from the insurance company will inspect the damage to your insured motorcycle.
- Step 3: The surveyor will draft a detailed damage assessment report and submit it to your insurer.
- Step 4: Submit all required documentation, including your identification proof, completed claim form, registration papers, driver's license and policy details for verification.
- Step 5: Once verified, you can take your bike to a network garage for cashless repairs. The insurer will directly handle the payment with the garage
- Step 6: If you choose to use a non-network garage, you will need to pay the repair costs upfront and submit the receipt for reimbursement to your registered bank account.
Documents Needed to File Mahindra Bike Insurance Claims
For a seamless claim process on your Mahindra bike insurance, prepare these documents:
- Filled claim form
- Insurance policy document
- RC of the motorcycle
- Driver's license
- FIR or police report (if necessary)
- Estimated cost of repairs
- Photographs of the damaged bike
- Invoice for repairs (if done)
- Financier's NOC (if required)
Mahindra Bike Insurance FAQs
-
Q1. What is a return-to-invoice add-on in Mahindra bike insurance?
Ans: Return to Invoice (RTI) cover is an add-on in your Mahindra bike insurance that reimburses the full invoice value of your bike or car, including road tax and registration costs, if it's stolen or suffers a total loss due to severe damage. This cover helps you recover the actual purchase price of your Mahindra motorcycle instead of the depreciated value. -
Q2. Does my Mahindra bike insurance cover fire damages?
Ans: A comprehensive Mahindra two-wheeler insurance covers fire damages, both natural and man-made. -
Q3. Can I file for a claim if my Mahindra bike sustained damages when I was riding?
Ans: Yes, you can file for claims if your two-wheeler has sustained damages while you were riding. Make sure your Mahindra bike insurance policy has own-damage (OD) when making claims.
Two Wheeler insurance articles
^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.
^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.
#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.
*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)
#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.
*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The 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