How to Insure Bullet 350 in India?
If you have just bought a Bullet 350 and you are looking to know about the latest Royal Enfield Classic 350 insurance price, then you are in the right place. Today, we are going to talk about everything that you need to know about how to buy a bullet insurance policy.
Bullet Insurance Price
Your Bullet 350 is an important bike to protect from all sorts of damages and liabilities. The bike is now available in eight different colors and offers a time-tested historical design of power to the rider. The bike also has a thundering engine and a massive structure. Because of this, it is no surprise that the bike is one of the most admired vehicles in the world.
That being said, you should also note that the bullet 350 third party insurance price will be on the higher side of the scale. However, you shouldn’t be worried about the classic 350 insurance amount as it will prove cost-effective in the long run.
How to Buy an Insurance Policy for Royal Enfield Classic?
There are mainly two different methods that you can follow to purchase a Royal Enfield Classic insurance policy. These two methods are discussed below.
- Online Process
To purchase a bike insurance policy online, you need to first visit the official website of your selected insurance company. After that, you need to enter the required details along with the bike variant that you have. You will also have to share some personal details. This is also the time to look for different tips that you can follow to reduce the premium amount.
After you have entered everything, then you should complete the payment process to generate your bike insurance policy. This will be sent to your registered email ID. As an alternative, you can also visit any third party aggregator and enter your details there to buy the best bike insurance plan available in the market.
- Offline Process
If you want to follow the route of the offline process, then you should start by doing a comparative analysis of the various bike insurance policies that are available in the market. This will ensure that you are able to make a well-informed decision.
Select a bike insurance provider and submit all the required documents at your nearest branch office. You can collect your insurance document from the same insurance branch office.
Benefits of Royal Enfield Classic Insurance
There are several advantages of purchasing a bike insurance policy for your Royal Enfield Classic. And some of those benefits are:
- Cover for any damages or losses caused due to the third party
- Coverage of up to the total insured value in case of theft
- Comprehensive coverage for the vehicle
- Cashless transactions through network garages
- Third-party liability insurance cover
- Cover for bodily injuries or death of the third party
- Cover against property damage to the third party
- Loss or damage to the vehicle due to accident, theft, or natural calamities
- Total loss of the vehicle due to explosions or an act of terror
- Cover own-damage costs
- Personal accident cover
Exclusions of Royal Enfield Classic Insurance
There are also some costs that are excluded under a bike insurance policy. These exclusions are:
- Normal wear and tear
- Electrical or mechanical breakdown
- Damage to tires unless the vehicle is also damaged
- Driver without a valid driving license
- Driving under the influence (DUI) of intoxicants like drugs or liquor
- Damages caused when the vehicle is used for illegal purposes
- The vehicle is used for hire or reward, carriage of goods, organized racing, pacemaking, speed testing, or reliability trials
- The vehicle used outside geographical limits
- Nuclear wars and perils
Royal Enfield Classic Variants
It is also important to learn a bit more about the bike before purchasing a bike insurance policy. We’ll start by looking at some variants of the Royal Enfield Classic 350. These variants are mentioned below.
- Royal Enfield Classic 350 STD
- Royal Enfield Classic 350 Redditch
- Royal Enfield Classic 350 ABS Signals Edition
- Royal Enfield Classic 350 Signals Edition
- Royal Enfield Classic 350 Gunmetal Gray ABS
The prices of these variants are given in the table mentioned below.
|Royal Enfield Classic 350 Variant||The Price|
|Royal Enfield Classic 350 STD||INR 1.45 Lakh|
|Royal Enfield Classic 350 Redditch ABS||INR 1.67 Lakh|
|Royal Enfield Classic 350 Signals Edition||INR 1.77 Lakh|
|Royal Enfield Classic 350 Gunmetal Gray ABS||INR 1.96 Lakh|
It should be noted that the prices of these bikes can vary from one location to another. Hence, this price chart should not be considered as being fixed in any manner. If you want to know the price of a Royal Enfield Classic 350 variant, then you should contact the nearest Royal Enfield Classic showroom.
The Claim Process
We have talked about several aspects related to a bike insurance policy. However, the one thing that we have missed till now is how you can apply for a claim in your bike insurance policy.
It should be noted that there are several steps to the entire claim process. These steps are:
- Contact the Two Wheeler Insurance Company
The first thing you need to do is to get in touch with your insurance company as soon as possible. If you don’t do this, then that can lead to complications in the claim process.
- Lodge an FIR
If your two-wheeler has been stolen or if there has been a major accident, then you should file an FIR at your nearest police station. This will speed up the claim approval and is vital for initiating the claim settlement process.
- Damage Evaluation
In the case of an accident or accidental damage, the bike should be evaluated immediately by a professional at a garage. This garage should be an authorized garage of the insurance company.
- Settling of Claim
Once all this is done, then you need to pay at the service center or you can get cashless services. If you decide to pay, then you need to fill the relevant forms and submit the documents for a hassle-free and streamlined claim settlement!