Bajaj BYK Insurance Online
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Bajaj Auto added BYK to its 100 cc bike segment in the year 2000. Bajaj BYK was unique in many ways and featured an extremely frugal engine and cutting edge features.
But before discussing what makes this bike coveted, you need to understand the importance of maximum financial protection for such features with Bajaj BYK insurance.
However, you can also go for a comprehensive policy to be rest assured of better-rounded protection. The benefit of this scheme is that comprehensive coverage bears both third-party liabilities and own bike damages. You can consider a reliable insurer like Digit Insurance for convenient policy options.
Now, in the upcoming segment, you will go through a few features of Bajaj BYK and the necessity to secure it with a two-wheeler insurance policy. Also, we will be discussing the benefits of choosing Digit Insurance.
Damages/Losses to own two-wheeler due to an accident
Damages/Losses to own two-wheeler in case of fire
Damages/Losses to own two-wheeler in case of a natural calamity
Damages to Third-Party Vehicle
Damages to Third-Party Property
Personal Accident Cover
Injuries/Death of a Third-Party Person
Theft of your scooter or bike
Customize your IDV
Extra protection with customized add-ons
After you buy or renew our two wheeler insurance plan, you live tension free as we have a 3-step, completely digital claims process!
Just call on 1800-258-5956. No forms to be filled.
Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damages from your smartphone through a guided step by step process.
Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.
This is the first question that should come to your mind when switching your insurance company. Good you’re doing that!Read Digit’s Claims Report Card
With the availability of Bajaj bike insurance online, selecting a provider is easy. Digit Insurance, for example, is one of the few dependable options available to Bajaj customers. Read on to know what sets Digit apart from other insurance providers.
Offers Three Policy Options - Digit crafts a number of options considering your requirements. Below is a brief description of the three policies offered by Digit.
Third-Party Coverage - Under this scheme, the insurance provider fulfils the financial liability of the third party (person or property) damage that occurred in an accident.
Comprehensive Coverage - Besides third party coverage, this policy extends own damage assistance in the event of accidents. Additionally, you can also file a claim for damages to your Bajaj BYK in case of fire, storms, floods and other natural calamities. Under this comprehensive Bajaj BYK insurance, you can claim compensation if your bike gets stolen from your insurer.
Own Damage Coverage - Digit also extends standalone Own Damage Bike Insurance protection to Bajaj motorcycle owners who have purchased their two-wheelers after September 2018. If you own a third party policy, opt for additional coverage for any damage sustained by your bike in accidents. This coverage will significantly bring down our hassle.
Hassle-Free Renewal and Buying Option - Digit encourages convenient and straightforward policy purchases. Everything is available online for its customers. You just need to visit its official website for purchasing Bajaj BYK insurance online. The insurer also provides Bajaj BYK insurance renewal online. Once the insurance terms end, existing customers can navigate Digit’s website and opt for a convenient renewal option or select a different coverage.
Effort-Less Claim Settlement Process - Digit facilitates a hassle-free claim settlement process for a two-wheeler insurance policy. It offers a smartphone-enabled self-inspection system to streamline the process. So, you can avoid the conventional method of motorcycle inspection by a representative and save substantial time. Just send the images as evidence of your claim. Further, Digit’s high claim settlement ratio is beneficial to reduce the chance of your claim getting rejected.
Provides High and Personalised IDV - Insured Declared Value or IDV is the amount a policyholder can claim from his insurer in the event of total loss or irreparable damage to their bikes. Digit offers a high IDV and the option to customise the value at their convenience. This helps you to maximise your benefits.
Add-on Covers - Even if you choose comprehensive coverage for your Bajaj BYK, some parts of your motorcycle may lack the desired amount of coverage. With Digit’s nifty add-on benefits, you can opt for such protection for BYK. You can select from the following options-
No Additional Charges - Digit maintains 100% transparency with its pricing policy. You only have to pay the amount you came across while scrolling through its insurance schemes on the website. In return, Digit guarantees financial protection according to your Bajaj BYK insurance policy terms.
Widespread Network Garages - When you select Digit Insurance, you get the chance to utilise the benefit of cashless repairs across the country. The insurance provider lists over 2900 network garages. If your bike gets involved in an accident, simply reach one of Digit network bike garages to seek repairs.
Impressive Customer Care Service - Another reason behind Digit’s popularity is its stellar customer assistance. The insurance provider not only ensures the best pre-sales support but also quality customer care service after you purchase any of the policies. You can either call or chat with the representatives for any grievance or information. They are available 24X7, 365 days a year, at your service.
With these benefits, Digit provides well-rounded insurance policies for your Bajaj motorcycle.
Now that you know why you choose Digit for Bajaj BYK insurance, you need to focus on substantial premiums payable. It would help if you also prioritised the protection over the policy price. Policies with lower premiums provide minimal financial coverage to policyholders.
The ex-showroom price of Bajaj BYK is ₹ 29,000.
The primary objective of two-wheeler insurance is to guarantee financial coverage against extensive damage expenses and fines. Thus, paying policy premiums seems to be practical than bearing damage expenses.
Bajaj motorcycle insurance plans are crucial to curtailing your financial liabilities arising from accidents and other unfortunate circumstances. Why? Let’s take a look.
Two-Wheeler Insurance is Mandatory - You cannot ride any two-wheeler on Indian roads without an insurance cover for it. According to Motor Vehicles Act 1988, every biker should at least possess third-party liability protection. Any violation of this rule attracts a traffic penalty of ₹ 2000. For repeating the offence, the fine is ₹ 4000. Even your driving license may get cancelled in worse situations. Or, you may end up in prison for up to three months.
Provides Protection against Third-Party Liabilities - Suppose you are involved in an accident with your Bajaj BYK. Besides damaging your own bike, you may injure or damage a third party (person or property). If you do not have an insurance cover, you are liable to pay for any damage caused t the other party. But, if you own insurance coverage, the insurance provider will take the financial liability on your behalf. Moreover, this policy includes all legal liabilities that may arise under such scenarios.
Extends Financial Aid to Repair Own Bike Damage - Individuals with comprehensive Bajaj BYK insurance are eligible to file a claim for their own bike damage expenses. Even if their motorcycles get affected due to fire, natural calamities like earthquakes, floods, etc., man-made disasters, and more, they can save a fortune under this scheme.
Ensures Recovery of Financial Loss During Theft - Insurance schemes come with a predetermined Insured Declared Value or IDV. Insurance providers calculate it by subtracting the depreciation from the model’s listed ex-showroom price. Now, in the event of damage beyond repairing and theft, you can claim this IDV amount from your insurer.
Covers for Personal Accidental Damage - The IRDAI (Insurance Regulatory and Development Authority of India) has mandated this cover under two-wheeler insurance policies. This personal accident cover provides subsequent financial coverage to the policyholder’s family members in the event of his/her accidental death or permanent disability caused due to an accident.
Offers No Claim Bonus Benefits - Additionally, any renowned insurance provider like Digit offers you a bonus against every claim-free year. When you opt for Bajaj BYK insurance policy renewal, this bonus serves as a discount on your premiums. Now, if you do not file any claim for five consecutive years, Digit offers a 50% discount on the premium.
All this justifies why it is necessary to own motorcycle insurance coverage in India.
In this aspect, Digit Insurance is one of the reliable options to buy or renew motorcycle insurance at reasonable rates.
The reasonable price tag and low maintenance made Bajaj BYK a big hit in the Indian automobile industry and middle-class families. Also, Bajaj BYK featured an aggressive and sharp edge design.
Let’s take a look at some of BYK’s features-
The Bajaj BYK is installed with a 92.2 cc air-cooled 4-stroke engine that produces 6.4 BHP at 7000 RPM.
BYK runs on petrol and comes with a fuel tank capacity of 10 litres. Bajaj claims that BYK has a mileage of approximately 65 km/litre.
The kerb weight of Bajaj BYK is only 98 kg which is an ideal weight of a city commuting bike. Being lightweight provides riders with precise handling capacity.
BYK is extremely easy to manoeuvre, thanks to its sleek design. Also, BYK can swiftly get through narrow spaces.
Bajaj BYK ensures smooth rides on challenging roads due to its robust build and shock absorbers.
However, all these features are not enough to protect your bike from accidental damages or other threats. And this necessitates two-wheeler insurance for Bajaj BYK. Several reputed insurance providers like Digit extend affordable insurance policies to safeguard your finances.