Mahindra Bike Insurance

Mahindra bikes are known for their durability, innovation, and comfort, making them popular across various segments. Mahindra Bike Insurance by SBI General Insurance offers comprehensive protection for Mahindra two-wheelers, ensuring safety for both the bike and the rider. With wide-ranging coverage options, competitive premiums, and a hassle-free claims process, this insurance offers peac Read More...

Mahindra Bike Insurance

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Customers Served:
24Cr+
Network Garages:
17,159
Claims Settled:
99.3%*

Popular Mahindra Two Wheeler Models & Prices

Mahindra offers a range of two-wheelers that cater to different segments of the market. Some popular models include:

Mahindra Centuro: Known for its durability and fuel efficiency, the Centuro is priced around ₹50,000.
Mahindra Mojo: A premium bike with advanced features, priced approximately at ₹1.9 lakh.
Mahindra Gusto: A popular scooter with a price tag of around ₹55,000.
Mahindra Rodeo: Another scooter option, priced at about ₹48,000.

Upcoming Models

Mojo 300 BS6: Anticipated to launch at around ₹2.08 lakhs, this model aims to enhance Mahindra's presence in the sports-touring segment

These prices are indicative and may vary based on location and dealer offers. When you purchase a Mahindra bike, it’s essential to consider Mahindra Bike Insurance to protect your investment.

Inclusions of Mahindra Bike Insurance

Mahindra Bike Insurance provides comprehensive coverage to ensure peace of mind for bike owners. The inclusions typically cover:

Third-Party Liability: This is mandatory and covers damages to third parties, including property damage, bodily injuries, and death. This is part of the third-party two-wheeler insurance.
Own Damage Cover: Protects against damages to your bike due to accidents, theft, fire, natural disasters, and man-made calamities.
Personal Accident Cover: Provides financial protection in case of accidental injuries or death of the rider.
Theft Protection: Provides compensation if the bike is stolen.
Natural Calamities: Protection against damages due to floods, earthquakes, or other natural disasters.
Fire Damage: Covers incidents involving fire or explosion.

Having a robust Mahindra insurance policy ensures that you are well-protected against various risks. These inclusions provide an extensive safety net, covering a variety of risks and unexpected situations.

Exclusions of Mahindra Bike Insurance

While Mahindra Bike Insurance offers extensive coverage, certain exclusions apply:

Wear and Tear: Regular wear and tear of the bike parts are not covered.
Mechanical or Electrical Breakdown: Failures due to mechanical or electrical issues are excluded.
Riding Under Influence: Damages incurred while riding under the influence of alcohol or drugs are not covered.
Illegal Activities: Any damage resulting from illegal activities or riding without a valid license is excluded.

Disclaimer: The above list of inclusions & exclusions is illustrative and not exhaustive. For a full list of the exclusions, please refer to the policy wordings.

Mahindra Bike Insurance: Add on Covers

To enhance the protection offered by Mahindra Bike Insurance, several add-on covers are available:

Zero Depreciation Cover: Ensures full claim amount without considering depreciation on bike parts.
Engine Protection Cover: Covers damages to the engine due to water ingress or oil leakage.
Roadside Assistance: Assists in case of breakdowns, including towing services and minor repairs.
Consumables Cover: Covers the cost of consumables like engine oil, nuts, bolts, etc., during repairs.
Engine Protection Cover: Covers engine damages due to incidents like waterlogging or oil leaks.
Return to Invoice Cover: Reimburses the invoice amount in case of total loss or theft.
Passenger Cover: Accident coverage for pillion riders.

These add-ons can be included in your Mahindra insurance policy to provide comprehensive two-wheeler insurance coverage. These add-ons provide the flexibility to create a customized insurance plan that aligns with your usage and preferences.

Read about the difference between Comprehensive vs Third Party Bike Insurance

Reasons to Buy Mahindra Bike Insurance

There are several compelling reasons to opt for Mahindra Bike Insurance:

Comprehensive Coverage: Offers extensive protection against various risks.
Legal Compliance: Ensures compliance with the mandatory third-party insurance requirement.
Financial Security: Protects against unexpected financial burdens due to accidents or theft.
Peace of Mind: Provides assurance and peace of mind while riding.

Opting for Mahindra Bike Insurance is a wise decision to safeguard your bike and yourself. These advantages highlight the necessity of Mahindra Bike Insurance for protecting both the rider and the vehicle against unforeseen circumstances.

Related Blog:Why Is It Mandatory to Have Bike Insurance in India?

How to Buy Mahindra Bike Insurance Online?

Purchasing Mahindra Bike Insurance online is a straightforward process:

Enter Bike Details: Go to the official SBI General website. Provide details such as bike model, registration number, and personal information that are asked.
Get a Quote: Select the type of coverage and any add-ons you wish to include. After doing so you will get a premium quote based on the selected coverage.
Receive Policy: Complete the payment process online and the policy document will be emailed to you instantly.

Buying bike insurance online is convenient and saves time, ensuring you get the best two-wheeler insurance coverage for your Mahindra bike.

How to Renew Mahindra Bike Insurance?

To renew your Mahindra bike insurance, follow these simple steps:

Download the Mobile App: Get the SBI General Insurance app from the Play Store or App Store and log in using your mobile number.
Choose the Renewal Option: Locate your Mahindra bike policy in the service tab, and take a look at the coverage details and available add-ons.
Update Your Details: Adjust any necessary information, such as your address or any modifications made to your bike.
Review and Complete Payment: Examine the renewal premium, apply any applicable discounts, and finalize your payment to receive your updated policy via email.

How to Raise Mahindra Bike Insurance Claim Online?

Raising a claim for Mahindra Bike Insurance online involves the following steps:

➔Download the SBI General App or head to our official website.

➔Claim Registration: Fill in all necessary information to inform us about the incident.

➔Document Submission: Upload the essential documents required for the survey and inspection process.

➔Repair Approval: We will assess and authorize the needed repairs.

➔Vehicle Pickup: After the repairs are finalized, we will directly cover the repair expenses with your Mahindra bike's authorized network garage.

Why Get SBI General Mahindra Bike Insurance?

SBI General Insurance is a trusted partner for Mahindra bike owners.

Here’s what sets it apart:

Comprehensive Protection: SBI’s comprehensive coverage safeguards against multiple risks like accidents, theft, and calamities, ensuring all-around protection.
Efficient Claims: The easy claims process allows for quick settlements, helping you get back on the road quickly.
Budget-Friendly Premiums: SBI General Insurance offers competitive premiums, making insurance more accessible to Mahindra bike owners.
Customizable Add-Ons: With options like engine protection, zero depreciation, personal accident cover and third-party liability, you can tailor the policy to meet your specific needs.

With a strong network and customer-friendly features, SBI General Insurance is a preferred choice for Mahindra bike insurance.

Key Features of Mahindra Bikes

➔Efficient Engines: Mahindra motorcycles are known for their dependable performance, which is typically powered by single-cylinder engines such as the 106.7 cc Centuro.

➔High Fuel Efficiency: Mahindra bikes have a mileage of up to 85.4 kmpl, making them economical for daily rides.

➔Compact, Lightweight Build: With a kerb weight of 126 kg, Mahindra bikes are easy to maneuver in city traffic.

➔Essential Safety Features: Drum brakes and anti-theft alarms offer safety and security for daily use.

➔Basic Instrumentation: Digital and analogue displays provide essential ride information, including speed, fuel, and trip data.

Frequently Asked Questions About Mahindra Bike Insurance

Yes, it is mandatory to have at least a third-party two-wheeler insurance policy for your Mahindra bike as per the Motor Vehicles Act. This ensures legal compliance and provides basic coverage.

Yes, you can easily renew your bike insurance online for your Mahindra bike through the insurer’s website. The process is simple and can be done in a few steps.

Purchasing bike insurance online for your Mahindra bike is a quick process and can be completed within a few minutes. This convenience makes it easier to secure two-wheeler insurance coverage without any hassle.

To renew Mahindra Bike Insurance, visit the insurer’s website, enter your policy details, choose the coverage, and make the payment online. The renewed policy will be sent to your email. Renewing bike insurance online ensures continuous two-wheeler insurance coverage for your Mahindra bike.

Disclaimer: The above information is indicative in nature, for more details on complete coverage and terms and conditions, please contact our nearest office and also read the policy document and sales brochure carefully before concluding a sale.

*The figures are based on Public Disclosure Reports published for FY2023-24. Claim Settlement Ratio of 99.3% pertains to Motor Own Damage for the Financial Year 2023-2024 and the same is calculated using the formula - Claim Settlement ratio= (Claims Settled + Claims Closed) / (Claims Reported) x 100.

SBI General Insurance and SBI are separate legal entities and SBI is working as Corporate Agent of the company for sourcing of insurance products.

*T&C Apply