Royal Enfield Bike Insurance
Royal Enfield Bike Insurance
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Royal Enfield Bike Insurance

Royal Enfield is one of the most well-known motorcycle brands in the world for more than a century. Since 1901, the Enfield Cycle Company Limited of Worcestershire, England manufactured the Royal Enfield motorbikes. The Royal Enfield Bullet is a legendary motorbike from the company. Enfield India commenced in 1955 and they started assembling the Bullet bikes in India. In 1994, Enfield India was taken over by Eicher Motors. They have three plants in India to manufacture Royal Enfield bikes.

Royal Enfield had a market share of 3.8% in FY2019 and ranked fifth among the top-selling two-wheeler companies in India. They sold 805,273 units during this period. The Interceptor 650 and the Himalayan have made waves even in other countries, with the Interceptor becoming the best selling bike in the UK. The Bullet, Continental, and Classic are some of the popular Royal Enfield bikes sold in India.

Types of Royal Enfield Bike Models

Royal Enfield offers the following models of bikes in India:

1. Royal Enfield Interceptor 650

Interceptor 650

The Interceptor 650 has a 648 cc air oil-cooled parallel configuration engine. It has 18" alloy wheels with dual-channel ABS. The wide braced handlebars have been designed keeping ergonomics in mind for comfort of the driver.

2. Royal Enfield Bullet 350

The Bullet is an iconic bike that bike lovers crave to drive and own. The Bullet has a 346 cc 4-stroke engine with a 5-speed gearbox. The bike is available in four colours. The 19-inch tyres ensure the perfect grip needed for stability on the road.

Bullet 350

3. Royal Enfield Himalayan

Himalyan

The Royal Enfield Himalayan is an all-terrain dual-purpose bike that can be used for off-road adventure trips. It has a 411 cc air-cooled fuel-injection engine. It has 21" tyres in the front with 17" tyres in the rear. The LCD dashboard offers convenience for the driver.

4. Royal Enfield Classic 350

The Classic 350 has a 346 cc 4-stroke engine with a 5-speed gearbox. The Classic's design is time tested, making it the perfect bike for those who love biking. The iconic styling blends with the latest technology to ensure a comfortable and safe ride for drivers.

Classic 350

5. Royal Enfield Thunderbird 350

Thunderbird 350

The Thunderbird 350 X is an urban version of the classic Thunderbird bike. It comes with a 346 cc twin-spark engine and has powerful alloy wheels and tubeless tyres to ensure a steady ride. The design of the bike ensures it is easy to handle.

Royal Enfield Bike Insurance Premium Calculation

The premium for the Royal Enfield bike that you buy depends on the variant of the bike, the engine capacity, the year when the bike was registered, registration place (RTO code), among other important factors. Following are the premium rates for some of the top bikes:

Bike Variant

Ex-showroom price of the bike

IDV*

Zero Depreciation

(Add On)*

Estimated Premium*

Royal Enfield Interceptor 650 STD

Rs.2,64,919

Rs.2,59,365

Rs.275

Rs.15,990

Royal Enfield Bullet 350

Rs.1,24,338

Rs.1,19,627

Rs.479

Rs.6,897

Royal Enfield Himalayan STD

Rs.1,89,565

Rs.1,84,113

Rs.221

Rs.16,023

Royal Enfield Classic 350 Single channel

Rs.1,59,851

Rs.1,52,704

Rs.183

Rs.6,321

Royal Enfield Thunderbird 350 X

Rs.1,64,004

Rs.1,57,535

Rs.565

Rs.7,282

**Last Updated on 15-10-2020

*The price is calculated for the 2020 model registered in Mumbai.

Add-ons

You can buy any of the below-listed add-on covers to enhance the scope of your bike insurance. It will benefit you at the time of making a claim.

  • Zero Depreciation Cover: When you buy this add-on, depreciation on your bike is counted as zero, which allows you to get a higher insurance claim.
  • Return To Invoice Cover: The bike IDV (insured declared value) is considered while deciding claims. Since the IDV reduces every year, you can buy this cover to ensure the invoice price of the bike is considered for the purpose of a claim.
  • Key Loss Cover: In case you lose the key of your bike, you can get it replaced and claim the expenses involved (if you have purchased this add-on cover).
  • Road Assistance Cover: This cover entitles you to receive assistance on the road for your bike for free. This includes assistance like towing of the bike for repair, fuel replacement, battery jump-start, etc. There is a limit on the number of times you can avail this assistance. Check the same with your insurance provider.

Royal Enfield Bike Insurance Renewal Process

You can renew your Royal Enfield bike insurance in the most convenient way- PolicyX.com. This is how you can do it:

  1. Look for the 'Free Quotes from Top Companies' at the top of this page.
  2. The form requires you to fill details of your bike and select 'Continue'. Enter the verification code that you will get after providing details like your name, city, and phone number.
  3. You now have access to quotes from top insurers. Compare the premium rates from different insurers (including your present insurer), and choose the best rate to go ahead with the renewal.
  4. You will be transferred to the insurer's website, where you can make the payment and complete the renewal process.
  5. You will get a confirmation email after payment. You will also get a soft copy of the policy by email that you can print and keep with you.

Frequently Asked Questions (FAQs)

1. A tree fell on my Royal Enfield bike when it was parked, causing damage to the bike. Can I get it repaired and claim the expenses under insurance?

Yes, it is possible. Fall of a tree is accidental damage that is covered under the terms of your bike insurance policy. You can claim the expenses incurred for repair of the bike under your policy.

2. While driving my Bullet bike, I had to pass through a flooded road and the bike engine was flooded with water. The engine failed and I had to get the bike repaired. When I made an insurance claim, it was rejected! Why?

The damage to the bike was because of your action of driving in water, where the water got into the engine. This is called consequential damage because the damage is a consequence or result of your actions. Hence, it is not covered under your insurance policy. If you had chosen the engine protection add-on, then it would have been included under the policy.

3. I heard that if I do not make an insurance claim, I will be able to get a bonus through which I can get a discount on the premium. Is this true?

Yes, it is! The NCB or no claim bonus is given as a reward for not making an insurance claim. It increases every year up to a maximum of 50%. You can get a discount on the own damage component of the insurance policy, which helps in reducing the premium rate.

4. My friend had borrowed my Royal Enfield bike when it met with an accident. My insurance claim was denied and the insurer said it was being used for racing. Why was my claim denied?

The insurer has the right to investigate an accident. If it was found that the bike was used for racing, then it invalidates your insurance claim, thereby causing it to be denied.

Last updated on 15-10-2020