Triumph Bike Insurance

Triumph is one of the oldest and most iconic British motorcycle manufacturers in the world. The company grew and flourished in the 1980’s right after its establishment by businessman John Bloor. It is also one of the fewest companies to design a vast category of motorcycles, offering street fighter, cruiser, adventure touring and litre-class variants. In late 2013, Triumph extended its business in India under the subsidiary of the iconic British marque.

In CY2020, Triumph motorcycle sales surged by 12%. However, the company is aiming to garner 30% sales in CY2021. Currently, the British automaker offers 15 new models in India. A few of them are Trident 600, Rocket 3, Tiger Sport 660 and many more.

However, being a luxury brand, Triumph motorcycles are expensive. Therefore, apart from investing your finances in buying a Triumph bike, do not forget to obtain insurance for a Triumph two-wheeler.

The following reasons will solidify the importance of a two-wheeler insurance policy in India.

1.  Third-Party Protection - The third-party policy covers the damages and losses caused by your bike to another vehicle, person or property. The cover is mandatory by the Motor Vehicles Act 1988, and any violation leads to legal consequences.

1. Legally Compliant - In India, it is illegal to ride a two-wheeler without valid insurance documents. Such an offence attracts a hefty fine of ₹ 2,000 and ₹ 4,000. In a worse situation, you may end up in prison for up to 3 months or get your driving license confiscated.

1. Own Damage Coverage - Another purpose of a two-wheeler insurance policy is to bear the bike damage expenses to help you manage your finances better. The insurer pays for the damages caused due to accidents, collisions, fire, theft, or natural disasters like floods, earthquakes, etc.

1. Personal Accident Cover - According to the IRDAI, every insurance company must offer Personal Accident cover worth ₹ 15 lakh if the rider dies or suffers from partial or permanent disability.

1. No Claim Bonus Discounts - Against every non-claim year, insurance providers reward their customers with a No Claim Bonus. This bonus acts as a discount on the succeeding premiums. However, you can only earn an NCB discount on premiums after opting for Triumph two-wheeler insurance renewal.

Note: The NCB discount completely depends on the number of claim-free years. 

Digit Insurance offers NCB discounts ranging between 20% and 50%. This makes Digit a go-to option for purchasing or renewing motorcycle insurance.

Besides Triumph two-wheeler insurance price, you need to determine if the company provides convenient policies along with additional offers. Keep reading to know the things you must look for while picking an insurer. 

1. Online Availability of Policies - To offer a seamless experience to the customers, several insurance providers offer Triumph two-wheeler insurance online. Similarly, you can also renew your policy anytime hassle-free.

1. Wide Range of Policy Options - You must choose an insurance provider that extends vast policy options to cater to diverse client requirements. Look for the below options before making an informed choice.

1. Third-Party Policy - Under this coverage, the insurance company covers the losses incurred by your bike to another person, property or vehicle. A reliable insurer will also take care of the litigation issues that may arise in such situations.

1. Own Damage Cover - This is a standalone option third-party policyholders must secure to improve their insurance coverage. Its purpose is to reimburse or offer a cashless repair option to the policyholder if the motorcycle gets damaged in an accident. Further, it also provides coverage for damages inflicted by flood, earthquake, fire and other threats.

1. Comprehensive Policy - It offers broader protection covering both third-party liability and own damage protection. If you choose this coverage, make sure to go through the add-ons provided by your insurer to elevate your base policy.

1. Vast Category of Add-ons - Reputed insurance companies provide add-ons to help their customer improve their insurance coverage. Some of the options insurers commonly offer are-

   1. Zero depreciation
   2. Return to invoice
   3. Consumables
   4. Roadside assistance
   5. Engine protection

Note: To carry forward these covers, you need to increase your Triumph two-wheeler insurance renewal price.

1. IDV Customisation Option - An insurance company calculates the Insured Declared Value by deducting the manufacturer’s listed price from the depreciation. Now, some insurers let their customers increase or decrease the IDV at their convenience. IDV depends on the premiums. So, if you opt for higher IDV for higher compensation in case of theft or total loss, you need to increase your policy premiums.

1. Instant Claim Filing Option - Raising a claim against your two-wheeler insurance for Triumph motorcycle can be a time-consuming affair. Therefore, choose an insurance company that does not conduct a physical inspection to check the authenticity of your claim. Instead, pick one that provides an online claim filing option.

1. Reliable Customer Service - Apart from these, prominent insurers also extend assistance to help you resolve your insurance-related queries at ease. 

Digit Insurance is one such company that ensures all these facilities. Further, there are over 2900 Digit network bike garages ready to serve you. All these garages offer cashless repairs. 

Additionally, Digit Insurance allows you to lower your Triumph two-wheeler insurance premiums against voluntary deductibles and claim-free years. To gain better clarity on this, contact Digit on 1800 258 5956 or at hello@godigit.com.