Honda Dream Neo Insurance

Honda's entry-level 110 cc commuter motorcycle Dream Neo caters well to the average Indian rider. Thanks to its fuel-efficient engine. The bike competes with the likes Hero Splendor, TVS Star City and other popular motorcycles in India.

The bike exhibits top-quality features ensuring optimum city touring performance. Nevertheless, two-wheeler owners should not overlook the unavoidable accidents that may inflict severe damages to their commuters. 

Now, considering the financial dent involved in repairing the damages, you must not fail to obtain a valid Honda Dream Neo insurance scheme.

Well-rounded bike insurance provides the repairing cost to unburden you from financial stress. 

However, securing a two-wheeler policy is easy due to plenty of insurance providers in India. One such insurance company is Digit.

Besides considering the insurance price, you should factor in other pointers before choosing an insurer.

Below is the list of the benefits you can procure from this insurance provider.

1. Wide Range of Policy Options - Digit prepares its insurance schemes based on diverse client requirements. It offers-

1. Third-Party Insurance Policy - In the event of an accident involving your Dream Neo inflicting damage to another vehicle, person or property, this scheme offers financial assistance to the affected party. Additionally, it takes care of all the litigation issues that may arise in such an event.

Note: Third-party Dream Neo insurance scheme does not cover own damage cost. To acquire it, you have to buy Own Damage cover separately.

1. Comprehensive Insurance Policy - In the event of floods, earthquakes, theft, fire and other threats, the comprehensive policy provides payouts to the policyholders. Besides, the extensive scheme also covers third-party liabilities.

1. Simple Online Process - Digit brings you a 100% digitised system to buy or renew Honda Dream Neo insurance online. New customers need to visit Digit's official website and navigate through the options available. For the Honda Dream Neo insurance renewal online, you just have to sign in to your existing accounts and follow the instructions given.

1. Add-on Covers - You can elevate your base policy by including any of the following add-ons Digit extends-

   • Tyre protection
   • Engine and gearbox protection
   • Return to invoice cover
   • Zero depreciation cover and many more

Those who want to continue these benefits have to increase their Honda Dream Neo insurance policy renewal prices.

1. File Claims Online - Digit has designed a smartphone-enabled self-inspection system to lessen the hassle of filing a claim. You just have to send the relevant images of your damaged bike via your registered mobile number. The insurer further commits to resolve the issue in no time.

1. IDV Modification - Digit gives you the chance to modify your Dream Neo's Insured Declared Value at your convenience. If you want to receive maximum compensation in the event of theft or irreparable damages, then improve your IDV by increasing the premiums. 

1. Efficient Customer Care Service - Digit has an energetic customer care support team that readily offers uninterrupted and reliable assistance to your queries. Irrespective of what time it is, feel free to connect anytime.

1. Nationwide Network Garages - Digit Insurance has collaboration with over 2900 network garages across the country. So whether you are in Kolkata or Bangalore, you can opt for cashless repairs from any nearby Digit network bike garages.

Though choosing higher deductibles and avoiding small claims can bring down the premiums payable against your policy, it is wise not to compromise on the benefits.

Valid two-wheeler insurance for Honda Dream Neo reduces your financial liabilities as well as helps you refrain from legal consequences. Go through the following list to understand how.

1. Third-Party Protection - Suppose while riding your Dream Neo scooter, you hit another vehicle or person or property. In such a case, a third-party policy relieves you from the required expenses. The affected party can directly claim compensation from your insurer against your policy.

1. Own Damage Cover - A comprehensive policy offers financial assistance in case your bike gets damaged by accidents, floods, earthquakes, fire, theft or any other incidents. 

1. Personal Accident Cover - An accident can be severe enough to lead to the owner-rider's death or disability (permanent or partial). Under such a situation, the insurance provider will compensate the family members of the policyholder.

1. Legal Compliance - It is illegal to ride a motorcycle in India without a valid two-wheeler insurance policy. If caught, you have to pay a fine of ₹2,000 and ₹4,000. Also, you may end up in custody for up to 3 months.

1. Discounts on Premiums - If you can complete a claim-free year, your insurer will reward you with a bonus. This bonus acts as a discount on premiums. 

Reputed insurance companies like Digit offer a 50% discount on premiums against 5 consecutive non-claim years.

All these reasons sum up the necessity of motor insurance cover in India.

Honda offers its 110 cc Dream Neo Bike in 5 variants. Also, these versions are available in 5 stylish colours and graphics options- Alfa Red Metallic, Black with Violet Stripes, Pearl Amazing White, Black with Red stripes and Monsoon Grey Metallic.

• Engine - Dream Neo is equipped with a 109.19 cc, 4-stroke air-cooled motor churning out a maximum power of 8.25 bHP at 7,500 RPM along with a peak torque of 8.63 Nm at 5,500 RPM. The 4-speed gearbox offers a top speed of 86 kmph. Thanks to the Honda Eco Technology (HET) for offering a decent mileage of 74 kmpl.

• Build - Dream Neo comes with a diamond-type chassis and is fitted with 80/100-18 tubeless tyres. The bike has a front telescopic fork and rear spring-loaded hydraulic type shock absorbers for maximum comfort and safety.

Nonetheless, the costs of repair and replacement of Dream neo can be expensive as the models are out of production now. Therefore, obtaining Honda Dream Neo insurance is convenient to safeguard your finances from hefty repairing bills.