Royal Sundaram Two Wheeler Insurance Premium Calculator

Royal Sundaram Bike Insurance

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  • Pioneer of bancassurance in India
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  • 94.96% Claim Settlement Ratio as per the FY 2018
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  • Coverage of up to 15 lakhs in accidental cases
  • More than 3300 network garages

Royal Sundaram Two Wheeler Insurance Premium Calculator

What is a Bike Insurance Premium Calculator?

A bike insurance premium calculator is an online tool, which is designed to assist you to find the right premium for Royal Sundaram bike insurance policy. The digital instrument takes a few details to display the correct premium amount which includes make, model and variant of your bike, registration year of your bike, RTO location of your bike, etc. Entering these particulars of your bike, the insurance calculator comes up with the right premium amount for your bike insurance plan.

How to Use a Bike Insurance Premium Calculator?

Step 1: Select the Make, Model, Variant and Fuel Type of your bike.

Step 2: Select the City of Registration and Year of Purchase of your bike.

Step 3: Tell us as if you have made any claim in the previous policy term.

Step 4: Click on the ‘Calculate’ button and get the right IDV and premium for your bike insurance policy.

Benefits of Bike Insurance Premium Calculator

  1. Right Insured Declared Value (IDV) – The premium calculator based on the make, model and fuel type, registration year etc., of your bike helps you find the right IDV. It is the prevailing market value of your bike and with its information, you can make the claim request for the right amount in case of theft or total loss of your bike.
  2. Correct Amount of Premium – Calculating the right amount of premium for your bike insurance plan is the main aim of this calculator. With the bike insurance policy quotes offered by different insurance providers, you can easily compare and select the most suitable plan for your bike as per your budget and requirements.
  3. Eases the Decision Making Process – The premium calculator tool gives you complete knowledge of the right premium amount and IDV provided by various insurance companies for your bike. This helps you make informed and right decisions related to your bike insurance policy after comparing the quotes thoroughly.
  4. Assistance in Selecting Economical Plans – With the assistance of a premium calculator, you can easily get to know the premium costs offered by different insurance providers for your bike. The complete data of policy quotes allows you to compare and choose the most value for money bike insurance deal.

Third Party Bike Insurance Premium Rates

Engine Capacity

Premium To Buy A New Policy (5-Year Plan)

Premium To Renew Existing Policy (1-Year Plan)

Not exceeding 75 cc

Rs. 1,045

Rs. 482

Exceeding 75 cc but not exceeding 150 cc

Rs. 3,285

Rs. 752

Exceeding 150 cc but not exceeding 350 cc

Rs. 5,453

Rs. 1,193

Exceeding 350 cc

Rs. 13,034

Rs. 2,323

(Source: Insurance Regulatory and Development Authority of India (IRDAI))

Premium for Comprehensive and Standalone Own-Damage Bike Insurance Plans

The premium amount for standalone own-damage and comprehensive bike insurance plans depends on diverse factors that comprise make, model, and the variant of your bike, fuel type, RTO location, cubic capacity, etc. These are some particulars of your bike entering which in the premium calculator can get you the right amount of premium for your bike insurance policy. Below are the salient factors which influence the premium of your bike insurance plan:

Factors Affecting Bike Insurance Premium

  1. City of Registration – The RTO locations in India are divided as Tier 1, 2 and 3 based on the density of traffic that impacts the accident rate. So, bike insurance premiums of Tier 1 cities are higher than Tier 2 and Tier 3 cities.
  2. Insured Declared Value (IDV) – The IDV is the current market value of a bike and the amount that a policyholder is eligible to get as a claim against the theft or total loss of the bike. Hence, for bikes with high IDV, more premium has to be paid.
  3. No Claim Bonus (NCB) – The NCB is a discount on the premium amount provided by insurers to its policyholder for making no claim. It accumulates from 20% to 50% with every claim-free year. So, the NCB affects the premium cost by reducing it.
  4. Anti-Theft Devices – Many bike owners install anti-theft devices in their bikes to enhance its safety. The security system curbs the risk for insurers too due to which they charge a lesser premium from persons who have got such devices installed in their bikes.
  5. Age of the Rider – With age and experience, the driving skills of people get better. On this note and track records, the insurance providers offer bike insurance plans to older people on lower prices as the older people tend to drive more sensibly.

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Latest Bike Insurance News

Royal Sundaram Bike Insurance User Reviews

101 reviews Write a Review
  • Excellent customer care support

    The support staff of InsuranceDekho platform is exceptional. Their team consists of insurance experts who suggested that I must buy a Royal Sundaram i...

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    Arvind Kumar
    On: August 6, 2020 | Views
  • The best plan issuance process

    InsuranceDekho platform issued me a Royal Sundaram insurance policy that I bought for my Suzuki Access 125 scooter in no time after completing the pay...

    Read More
    Shikhar Malhotra
    On: August 5, 2020 | Views
  • Helps choose the best policy

    The Insurance Dekho helped me select the most-suited insurance policy by offering several bike insurance quotes to choose from. I bought a Royal Sunda...

    Read More
    Himesh Rao
    On: August 4, 2020 | Views
  • Compare and choose quotes

    The InsuranceDekho team offered me various insurance quotes to compare and choose an insurance policy of my choice. With their help, I bought a Royal ...

    Read More
    Somansh Lamba
    On: July 30, 2020 | Views
  • Renewed my plan in minutes

    The renewal procedure for my Royal Sundaram policy took just a few minutes at InsuranceDekho platform. I bought this insurance policy to insure my Baj...

    Read More
    Yash Nigam
    On: July 29, 2020 | Views
  • Different add-ons available

    The InsuranceDekho holds various add-on covers of different insurers. They offered my add-ons for Royal Sundaram insurance policy that I bought to se...

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    Umesh Luthra
    On: July 28, 2020 | Views
  • The team helped me in claim settlement

    InsuranceDekho’s team helped me in making a claim under my Royal Sundaram bike insurance policy that I bought for my Hero Pleasure Plus bike. The clai...

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    Naresh Valecha
    On: July 27, 2020 | Views
  • Fastest settlement of claims

    I witnessed the fastest claim settlement process with Royal Sundaram insurance plan after I met with an accident with my Bajaj Pulsar 125 Neon bike. ...

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    Ashutosh Jain
    On: July 22, 2020 | Views
  • Availability of cashless garages

    The InsuranceDekho team guided me to purchase a Royal Sundaram insurance policy due to its wide network of garages, which easily assisted me get my TV...

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    Manit Kumar
    On: July 21, 2020 | Views
  • Fastest renewal process

    I got my Royal Sundaram bike insurance policy renewed very quickly within a few minutes at InsuranceDekho portal by following just 2 steps. I purchase...

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    Keshan Kumar
    On: July 20, 2020 | Views