Suzuki Motorcycle India Private Limited, which is a subsidiary of Suzuki Motor Corporation, Japan, is a leading two-wheeler manufacturer in the country. Suzuki offers a number of motorcycles and scooters across various segments. If you own a two-wheeler from Suzuki, you should ensure that you have a two wheeler insurance cover to protect yourself from incurring expenses in case of an untimely event.
The various two-wheelers manufactured by Suzuki Motorcycle are as follows:
Regardless of the type of vehicle you have, you should ensure that your two-wheeler is insured at all times. It is mandatory to purchase a two wheeler insurance policy as per the Motor Vehicles Act, 1988. Having a two wheeler insurance policy provides you financial protection in case of accidents, theft, breakdowns, or other mishaps.
All two-wheelers are required to have at least a third-party liability insurance cover. However, for enhanced coverage, it is advisable to opt for a comprehensive two wheeler insurance cover. Furthermore, if you have a comprehensive two wheeler insurance policy, you can customise your insurance cover with add-ons that are offered by your motor insurance provider.
From 1 September 2018, all new vehicle buyers are required to mandatorily purchase third-party liability insurance policies for a duration of 5 years. Motor insurance companies are also offering bundled two wheeler insurance policies and package two wheeler insurance policies that provide an own damage cover for a duration of 1 year or 5 years, respectively.
Thus, as a vehicle owner, you can choose and purchase a two wheeler insurance cover that is suited to your coverage needs.
The types of two wheeler insurance policies that you can purchase as a prospective policy buyer are as follows:
As mentioned before, it is mandatory for you, as a vehicle owner, to have a third-party liability insurance cover. A third-party liability insurance policy, as the name suggests, offers coverage against third-party legal liability. A third party is an individual who has suffered losses due to an accident that you were involved in. The policyholder/owner/rider of the two-wheeler is also provided a personal accident cover which covers accidental death and disability of the concerned individual. Premium rates for third-party liability insurance policies are decided on the basis of the two-wheeler’s engine capacity by the Insurance Regulatory and Development Authority of India (IRDAI).
Motor insurance companies also offer comprehensive two wheeler insurance policies and multi-year two wheeler insurance covers to policy buyers who would also like to have an own damage cover, in addition to the third-party liability insurance cover. Comprehensive two wheeler insurance policies offer coverage for a period of 1 year to the policyholder, while multi-year insurance policies offer the same coverage for a duration of 2 or 3 years.
While comprehensive/multi-year two wheeler insurance policies are more expensive than third-party liability insurance policies, they do, however, provide enhanced coverage to the concerned individual. Further, individuals who purchase comprehensive/long-term two wheeler insurance policies are also offered a No Claim Bonus by the insurance company, if they don’t raise any claims during the policy term. Thus, the policyholder, with the No Claim Bonus, can secure a reduced premium rate, despite opting for a policy with higher coverage.
*Note: The complete list of benefits, inclusions, and exclusions can be found in the policy brochure or policy document.
**Note: From September 1, all individuals who are looking to purchase new two-wheelers will have to purchase either a 5-year third-party liability insurance policy, a bundled two wheeler insurance policy that offers a 1-year own damage cover and a 5-year third-party liability insurance cover, or a package comprehensive two wheeler insurance policy that offers a third-party liability insurance cover and an own damage cover for a 5-year period.
According to the Motor Vehicles Act, 1988, all two-wheelers will have to be insured under at least a third-party liability insurance policy before they are used in public places. Thus, if you have a Yamaha two-wheeler, you should do your research and make sure to purchase an insurance policy for your vehicle.
Before you select your policy, it is necessary to compare two wheeler insurance policies that are offered by different motor insurance companies. Doing so will help you find a two wheeler insurance policy that not only meets your coverage needs but also meets your premium payment ability. You can do this comparison by either visiting the official websites of two wheeler insurance providers or through a trusted third-party two wheeler insurance website.
Yes, you can purchase two wheeler insurance policies online through the official websites of insurance providers or through trusted third-party insurance websites.
The No Claim Bonus is offered by motor insurance companies to policyholders who don’t raise any claims during the policy term. Thus, to get the No Claim Bonus, make sure to ride safe and not raise small claims.
No, co-passengers will not be provided coverage under your two wheeler insurance policy. The personal accident cover that is offered as part of the third-party liability insurance policy and comprehensive two wheeler insurance policy is applicable only to the rider/policyholder. If you wish to extend the coverage to your co-passenger, you will need to purchase the personal accident add-on from your insurance provider.
Premium rates for third-party liability insurance policies remain standard across insurance companies, given that the IRDAI determines the premium rates for third-party liability insurance policies on the basis of the cubic capacity of the vehicle’s engine. On the other hand, premium rates of comprehensive two wheeler insurance policies are likely to vary from insurer to insurer since insurance companies usually consider varied factors when calculating the premium.
The Insured Declared Value (IDV) is the maximum amount of money that you can receive from your insurer in the event of a vehicle theft or constructive total loss. The IDV is calculated by adjusting the vehicle’s selling price for depreciation.
Maruti Suzuki, one of the trusted vehicle manufacturers, launched the all-new Gixxer SF 250 on 20 May 2019 at Rs.1.7 lakh (Ex-showroom, Delhi). The two-wheeler is Rs.24,000 lesser than the cost of its rival, Honda CBR 250 R. The Japanese manufacturer has gone all out in designing this new 249 cc single-cylinder engine. The company has designed an exclusive engine for the Gixxer SF 250 that has an oil-cooler system. The engine, with a 6-speed gearbox, produces a power of 26.5 PS of power and a torque of 22.6 Nm.
Suzuki has created a new design for the bike which is expected to be continued with other new two-wheelers to be revealed in the future. The headlamp is a new angular LED light. The bike sports split seats and clip-on handlebars that make the ride comfortable. The brake system comprises of disc brakes on either end supported by a dual-channel ABS. The 17-inch alloy wheels of the bike have 150-section rear and 110-section front radial tubeless tyres. The radial tyres and 1,345mm wheelbase. The bike weighs 161kg which is 6k less than the rival Honda CBR 250.
21 May 2019
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