SYM Bike Insurance

SYM is one of the world's leading names in the motorcycle manufacturing industry. A Taiwan-based company, SYM produces scooters and small to mid-sized motorcycles, focusing on commuter-style bikes that balance style, durability and performance. You must secure your high-performance SYM bikes under the comprehensive protection of SYM insurance which offers protection against third-party damages, personal accidents, natural calamity damages and others.

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About SYM Bikes

Sanyang Motors, branded as 'SYM Motors', is a Taiwanese automotive manufacturing giant, ranking 10th worldwide. Beginning operations in 1954 as Sanyang Electrics, it initially produced dynamoelectric light set bicycles. In 1961, it restructured as Sanyang Industry Co. Ltd and rebranded to Sanyang Motor Co. Ltd in 2015. SYM's diverse production lineup spans 50cc to 500cc models, including the Symphony, Fugue, ADX 300, CRUiSYM, MAXSYM GT, JET14 EVO, MMBCU, ADX 125, JOYRIDE 300, and JET X.

Popular SYM Bikes with Bike Insurance Price

SYM Bike Models	*Zero Dep Cover (Add-on Cover)**	Estimated SYM Bike Insurance Price (1+5) Bundle Policy
SYM Mio STD (100 cc)	NIL	₹ 3,952
SYM Mio STD (50 cc)	₹ 618	₹ 3,002

*Disclaimer: The insurance premium for SYM two-wheelers is determined by various factors such as registration year, location, add-ons, make, model, brand, ex-showroom price, IDV, and more. Premiums may differ between insurers.

SYM Bike Insurance Calculator

SYM bike insurance premium calculator tool allows you to calculate the estimated premium amount for your SYM bike conveniently. You can access the online free bike insurance premium calculator tool on Policybazaar.com to get premium estimates for your motorcycle instantly. Just provide the following details and get results in minutes:

Make, Model, Specification
Ex-showroom price
Registration year and RTO location
Previous claim history (if any)

Coverage Under SYM Insurance

Inclusions
Exclusions

SYM bike insurance provides coverages for a variety of damages:

Protects against any damages or injury caused to third parties, vehicles or property in an accident involving the insured SYM motorcycle.
Protects against damages caused by human actions like riots, vandalism or strikes.
The insured SYM bike remains secured against the damages sustained from natural events like floods, landslides, earthquakes, storms and others.
Covers the insured bike against the damages or losses due to road collisions or other accidents.
The policy provides in cases of complete or partial loss of your bike due to theft or burglary.
The SYM bike remains shielded against the damages and losses undergone in events of fire, both natural and man-made.

SYM bike insurance holds exclusions under the following circumstances:

Claims will be nullified for damages caused to the insured bike by negligence, intentional harm or incidents of civil unrest.
The policy becomes void if the driver or the rider gets into an accident while driving under the influence of substance abuse (drugs, alcohol or others).
Regular wear and tear or mechanical breakdowns due to usage and age of the insured bike are not covered.
Claims will be denied if the claimant fails to produce crucial documents like driver's license (DL), registration certificate (RC), insurance policy papers and pollution certificate (PUCC).
If the policy expires, claims cannot be processed.
The damages incurred to the insured bike or any third-party damages while riding outside the geographical location specified in the policy agreement are not covered.

*Disclaimer: Review the policy's terms and conditions to understand its full coverage and exclusions. Coverage may vary based on your chosen plan.

How to Buy/Renew SYM Insurance Online?

Whether it is a new SYM bike or an existing one, streamline your policy purchase/renewal journey through Policybazaar.com:

Step 1: Access Policybazaar Insurance Brokers Private Limited's official website and choose the 'Bike Insurance' option under the 'Insurance Products' section.

Step 2: To renew any existing SYM insurance policy, you only need to enter your vehicle's registration number in the generated box. If you want to purchase insurance for a new bike, select 'Bought New Bike' and proceed.

Step 3: Carefully fill in the details in the form and cross-check before submitting.

Step 4: The next page showcases multiple insurance quotes from reputed providers. Select the one that fits your requirements and financial projection.

Step 5: Select the coverage you are looking for, whether it is a third-party cover or a comprehensive protection. You can also select add-ons/riders for a more extended coverage.

Step 6: Pay the premium through any of the secure payment gateways. Once your payment is received and processed, your SYM insurance policy documents are mailed to your registered email ID.

SYM Bike Insurance Add-ons

Additional riders/add-ons enhance your basic SYM insurance policy and you can enjoy more extended protection for your vehicle. You can select from the following popular options:

Zero Depreciation Cover
NCB Protection Cover
Return-to-Invoice (RTI) Cover
24x7 Roadside Assistance Add-on
Consumable Cover
Engine Safe Cover
Personal Accident Cover

Add-ons for your two wheeler insurance

How to Claim SYM Insurance Online?

Follow these steps to easily file claims and accelerate the process:

Step 1: Contact your insurance provider immediately after the insured vehicle sustained any damages or was involved in a third-party accident.

Step 2: An assessor will be appointed to inspect the damages and assess the claim.

Step 3: The assessor will prepare a detailed report and submit it to the insurance provider.

Step 4: Keep handy the necessary documents including ID proof, claim form, license and vehicle registration documents policy information for verification.

Step 5: Take your bike to the network garage for cashless repair services where the insurance provider will settle the bill directly with the garage.

Step 6: If you choose non-network garages, you will need to submit the invoice of the repair to your insurance provider and they will reimburse the cost.

Documents Needed to File SYM Insurance Claims

To file a claim for SYM insurance keep the following documents ready:

Completed and signed claim form
Insurance policy documents
Registration Certificate (RC) of bike
Valid Driving License (DL)
FIR or Police Report (if applicable)
Estimated Repair Cost
Invoice of Repair (in case already repaired)
Photographs showcasing the extent of damages

SYM Insurance FAQs

Q1. What is the cost of two-wheeler SYM insurance for one year?

Ans: You generally get third-party coverage for one year. The cost of SYM bike insurance depends on the cc (cubic capacity) of the bike.
Q2. Which type of insurance provides full coverage for a bike?

Ans: Comprehensive bike insurance policy provides full protection for your bike, covering losses from third-party, accidents, theft, own-damage, fire and natural calamities.
Q3. What are the three types of insurance for two-wheelers?

Ans: Third-party bike insurance cover, comprehensive two-wheeler insurance and own-damage bike insurance cover are the three common types of bike insurance.
Q4. What is zero depreciation cover under SYM insurance?

Ans: A zero-depreciation cover is an add-on protection where you won't need to pay for depreciation or a reduction in the value of your vehicle when you make any claims.

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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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