Mahindra Two Wheelers Limited (MTWL) is a part of the USD 19 billion Mahindra Group, an Indian conglomerate. The company came into existence in 2008, when Mahindra & Mahindra Limited acquired the business assets of Kinetic Motor Company Limited. Mahindra & Mahindra Two Wheelers Division has lately acquired a 51% stake in Peugeot Motorcycles (PMTC), part of the Peugeot S.A. (PSA) Group based in France.
The company is rapidly expanding its distribution and customer service networks in India. In a short span of time, the firm has managed to have more than 1500 touch points and is now operating over 200 mobile service points to serve customers better. It has marked its presence in 17 countries across South Asia, Africa, Middle East and Latin America.
With a highly advanced R&D Centre at Pune, the firm has been delivering high performance and innovative products to customers. All our two-wheeler products are manufactured at the state-of-the-art manufacturing unit of the company based in Pithampur, Madhya Pradesh, India. The firm performs on three principles which are Accepting No Limits, Alternative Thinking and Driving Positive Change.
When it comes to rewards and recognitions, the flagship motorcycle of the firm, the Mahindra Centuro, has bagged over 11 industry and consumer awards. On the other hand, the newly launched Mahindra Gusto scooter has got 5 awards in the ‘Scooter of the Year’ and ‘Innovation of the Year’ categories. The range of products of the company are equipped with unparalleled technology and quality to make its customers ride high on trust, reliability and innovation.
Mahindra Bikes Insurance Premium Price
|Model||Variant||IDV||Zero Dep (in INR)||Gross Premium (in INR)|
|Mahindra Centuro||Rockstar Kick Alloy||22907||NA||1035|
|Mahindra Pantero||SS Alloy Digital||19407||NA||1012|
|Mahindra MOJO UT 300||STD||108302||NA||2783|
|Mahindra Kine||Kine 80cc||22785||NA||1034|
|Mahindra Gusto||VX SPL EDITION||24210||NA||1043|
|Mahindra Mojo 300||ABS||19640||NA||1014|
|Mahindra Gusto 125||VX CBS||26910||NA||1061|
|Mahindra Sym FLyte||SYM Flyte||21272||NA||1025|
|Mahindra MOJO XT 300||Tourer Edition||133946||NA||3107|
|Mahindra Rodeo||Uzo STD||37362||NA||1128|
Which bike do you ride?
Add-ons For Your Mahindra Bike Insurance
- Zero Depreciation
Like other assets, the value of your bike also depreciates constantly with time and the liability of this expense by default rests with the policyholder. A zero depreciation add-on protects you against the depreciation expenses incurred by your bike. Thus, if you opt for a zero depreciation cover, depreciation expense of your bike is not deducted from your claim amount at the time of a claim settlement. This add-on is available with comprehensive bike insurance plans as well as standalone bike insurance plans. This is one of the most popular and recommended bike insurance add-on covers.
- Invoice Protection
In case of total loss (more than 70% damage) or theft of your bike, the insurance company pays you the Insured Declared Value of your bike as compensation. However, this Insured Declared Value (IDV) is less than the invoice price which you pay at the time of purchasing your bike. The Invoice Protection add-on cover helps you claim the Invoice Price, i.e. total ex-showroom price of your bike plus taxes plus registration charges, of your bike in case of total loss or theft of your bike.
- NCB Cover
No Claim Bonus is the reward which is given to the policyholder for not making any claim during the policy period. This reward is offered by the insurer in the form of a discount on the own-damage premium of the bike insurance policy at the time of policy renewal. The NCB ranges from 20% to 50% of the own-damage premium depending on the number of claim-free years. However, if you make even a single claim during the policy period this NCB gets lost. But, with the NCB Cover, you can keep your NCB intact even after making a claim during the policy period.
- Engine Protection Cover
The damages incurred by the engine of the bike are by default not covered under a bike insurance policy. However, if you opt for an Engine Protection Cover, the insurer will be liable to compensate you for damages incurred by the engine of your bike such as damage due to leakage of lubricants, water ingress, hydrostatic lock, damaged gearbox, broken crankshafts or pistons and cylinders. The repair cost of the internal engine parts is often high and can sum up to thousands of rupees or more. Thus, addition of this add-on to your comprehensive or standalone bike insurance policy can save you from these expenses.
Mahindra Bike Insurance User Reviews
Sangeeta N Chalawadi
Quick and reliable service. Good response from customer care.
Good online service. Easy processing. Hope after sales service will also be good
How long does it take to renew a Mahindra bike insurance?
You can get your
bike insurance renewed in just 5 minutes with InsuranceDekho.
Which all insurance add-ons should I buy for Mahindra bikes?
The popular insurance add-ons opted with
bikes include zero depreciation add-on, consumable cover and NCB (No Claim Bonus) cover among others.
From where can I purchase insurance for my Mahindra bike?
You can visit our website insurancedekho.com, compare all available premium quotes for Mahindra bikes and select the one which best suits your requirements. With InsuranceDekho, get policy issued instantly.
Which insurer has the best claim settlement ratio for Mahindra bikes?
Acko General Insurance, Bharti AXA General Insurance and ICICI Lombard General Insurance are among the bike insurers who have registered impressive claim settlement ratio for Mahindra bikes.