Bajaj V Insurance

Launched by the Pune-based automaker Bajaj Auto, Bajaj V is one of the latest models in the commuter motorcycle market.  This model is made from the metal parts of INS Vikrant, the first aircraft carrier of the Indian Navy. 

As this commuter equips a host of features, it is vital to obtain Bajaj V insurance to ensure financial security in case of damages. 

In this regard, several reputed insurance providers in India offer bike insurance policies at competitive premiums. One such insurer is Digit.

You need to factor in the unfortunate situations that can lead to serious bike damages. In such a scenario, you might need to bear exorbitant repair costs that can burn a hole in your pockets. Regardless, a well-rounded Bajaj V insurance covers you against such financial losses. 

Here is a list of benefits of obtaining a two-wheeler insurance policy:

• Avoid Legal Liabilities - The Motor Vehicles Act, 1988, made it mandatory for motorcycle owners in India to possess at least a third-party insurance policy. Without valid insurance, one might need to pay hefty traffic fines of up to ₹2000 for a first-time offence and ₹4000 for repeating the same. 

• Personal Accident Cover - As per the Insurance Regulatory and Development Authority of India (IRDAI) mandates, every bike owner possessing an insurance policy is liable to receive Personal Accident add-on cover. Under this coverage, a policyholder and his family can claim compensation against the insurance policy in case of accidents that result in permanent total disability or death. 

• Avoid Third-party Liabilities - For instance, your Bajaj V commuter inflicts damage to a third-party person or property in a collision. In such a scenario, a third-party insurance policy will cover the losses caused to the third party by your bike. Further, it shields you against litigation issues that may result from such an accident. 

• Own Bike Damage Coverage - A comprehensive insurance plan for Bajaj V covers own bike damages caused due to natural calamities, fire or theft. Additionally, policyholders of this insurance can get Insured Declared Value (IDV) in case of motorcycle theft or irreparable damages. 

• No Claim Benefits - Insurers offer a discount on two-wheeler insurance premiums if you refrain from raising a claim for a year within your policy term. This discount, also known as No Claim Bonus, ranges from 20% to 50% and is applicable while you opt for Bajaj V insurance renewal online. 

In this regard, you can consider bike insurance from Digit.

The Bajaj V bike sports world-class features that make it a desirable choice among motorists in India. Here’s a look at some of the key specifications of this model:

• It comes with a 150 cc engine that delivers a fuel economy of 45 kmpl. Further, it can accommodate 13 litres of fuel. 

• The engine comes equipped with a five-speed constant mesh transmission. 

• This bike’s suspensions feature telescopic forks at the front, and gas-spring twin-spring loaded hydraulic at the rear. 

• A wheelbase of 1315 mm ensures stability while reaching high speeds. 

• It sports a class and simple design instrument console. The instrument panel consists of one round on the left and an oval on the right. Its round dial features an analogue speedometer and odometer, whereas the oval round equips neutral light and fuel indicator. 

• The motorcycle weighs 135.5 kg and has an overall length, width and height of 2044 mm, 780 mm, and 1070 mm, respectively. 

Although this bike is loaded with attractive features that ensure optimum performance and safety, it is susceptible to various risks. Therefore, it is evident that a Bajaj V insurance policy can help you curtail financial losses and save funds for future expenses. 

In this regard, Digit insurance can be your consideration owing to the aforementioned benefits.