Suzuki Motorcycle India Pvt. Ltd. (SMI) is a subsidiary of Suzuki Motor Corporation, the leading Japanese automobile manufacturer. Earlier Suzuki had collaborated with TVS Motor Corp and was selling vehicles under the brand name TVS Suzuki. Their arrangement came to an end in 2001. Subsequently, SMI commenced in 2006. They have a production plant in Gurgaon that has a capacity of producing more than 5 lakh units of two-wheelers annually.
SMI is ranked seventh among the top-selling two-wheelers in India as of 2019, with sales of 668,787 units. It showed a 33%+ growth over the previous year demonstrating the highest growth among all motorcycle companies. It also showed a 5.7% growth for 2019-20 and rolled out its 50th lakh two-wheeler from its plant in 2020. The Gixxer and the Intruder are the top motorbikes offered by the company in India.
Take a look at the popular Suzuki two-wheeler models in India:
The Gixxer is one of the top bikes offered by Suzuki. It has a 155 cc engine with a 5-speed gearbox. It is well-known for its muscular street fighter-style with flat and wide handlebars. It has a single-channel ABS that ensures complete safety on the road while braking.
The Intruder is a cruiser from Suzuki that has a 155 cc air-cooled engine with a 5-speed manual gearbox. The Intruder has disc brakes and produces a power of 14.14 PS. The bike design with the prominent front cowl with a double-barrel exhaust presents a stylish appearance.
The Hayabusa is a superbike from Suzuki. It has a 1340 cc liquid-cooled four-cylinder engine that delivers the power needed for highway driving. The aerodynamic design of the bike is its hallmark. It has a dual-channel ABS to ensure safety on the road.
The premium you would be paying for your Suzuki bike insurance depends on the variant of the model you are buying, the engine capacity, the year you register the bike, the place of registration, among other noticeable factors. Some of the top bikes of Suzuki and their premium prices are listed below:
Ex-showroom price of the bike
Suzuki Gixxer STD
Suzuki Intruder Fi-STD
**Last Updated on 10-08-2020
*The price is calculated for a 2020 model registered in Chennai.
You can get certain exclusions in your policy covered by buying add-on covers. The following are some of the popular add-on covers that would enhance the scope of your insurance policy:
You must renew your bike insurance policy on time to ensure continued coverage. You can do this conveniently through PolicyX.com by following the below steps:
The No Claim Bonus (NCB) you have on your bike is in your name as the policyholder of the bike insurance policy. You have the right to transfer the NCB when you buy a new bike. It is important to do this, so you can retain the NCB and get a discount on the premium, which would otherwise be expensive for a new bike.
Yes, this is covered under your bike insurance policy. A lightning strike is a natural calamity just like a flood, earthquake, or cyclone. Damages to your bike due to any natural calamity are included in your policy. You can get it repaired and get compensated.
Any insurance claim is considered keeping in mind the Insured declared value (IDV) of the bike. This reduces every year based on market price. If you want to get a higher payout, then you can purchase the return to invoice/invoice price add-on. This add-on ensures the invoice price is considered instead of the IDV.
Every vehicle driver is recommended to have a personal accident insurance cover. If you don't have one, then you need to get this cover while renewing your insurance policy. This cover will enable you to get compensation from the insurer in case of any disabilities suffered. In case of the death of the owner-driver, death benefits would be provided to the family members.
Last updated on 10-08-2020