KTM Bike Insurance

Explore KTM bike insurance in detail. Understand the types of plans available, what they cover, and how to buy, check, and renew your policy.
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3 min
05-July-2024

Owning a KTM bike is exhilarating, but unexpected events can disrupt your ride. KTM bike insurance provides a financial safety net, covering your motorcycle against accidents, theft, and more. This guide explores the different types of KTM bike insurance plans available, what's covered, and the hassle-free process of purchasing and managing your policy.

Understanding KTM two-wheeler insurance

KTM bikes are known for their performance and style. To ensure a smooth ride, protecting your investment with KTM bike insurance is essential. KTM bike insurance functions similarly to other two-wheeler insurance policies, offering financial protection against unforeseen circumstances like accidents, theft, natural disasters, and fire.

What types of KTM bike insurance plans are available?

KTM bike insurance comes in various plans tailored to meet different needs and budgets. Here's a breakdown of the most common types:

Type of insurance plan Description
Third-Party Liability Insurance Covers damages to third parties, mandatory by law.
Comprehensive Insurance Includes third-party coverage plus protection against theft, fire, and natural disasters.
Standalone Own-Damage Insurance Covers damages to your KTM bike only.
Add-On Covers Additional protection options like zero depreciation, engine protection, etc.

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What is covered in KTM bike insurance?

A comprehensive KTM bike insurance policy typically covers the following:

  • Own damage: In case your KTM bike is damaged due to an accident, theft, fire, riots, or natural calamities, the insurer reimburses you for the repair costs, up to the Insured Declared Value (IDV) of the vehicle.
  • Third-party liability: If you are involved in an accident and cause damage to a third-party's vehicle, property, or injure a person, the insurance policy covers the associated legal liabilities.
  • Personal accident cover: This add-on cover provides financial compensation in case of injury, disability, or death of the insured person due to a bike accident.
  • Theft: Compensation if your KTM bike is stolen.
  • Natural disasters: Covers damages from floods, earthquakes, and other natural calamities.
  • Man-made calamities: Protection against riots, strikes, and other human-induced events.

Note: The specific coverage details may vary depending on the insurance company and the chosen plan. Always thoroughly read the policy document to understand what's included and excluded.

What’s not covered in KTM bike insurance?

Here are some general exclusions to consider in KTM bike insurance policies:

  • Wear and tear: Regular wear and tear or ageing of the bike.
  • Electrical/mechanical breakdown: Issues like engine failure due to internal malfunctions.
  • Riding under influence: Accidents caused while riding under the influence of alcohol or drugs.
  • Without license: Damages occurring when the rider does not possess a valid driving license.
  • Outside geographical limits: Incidents happening outside the geographical area specified in the policy.
  • War and nuclear risks: Damages due to war, nuclear risks, or similar events.

How to buy KTM bike insurance

Purchasing KTM bike insurance is a straightforward process:

  1. Research insurance plans and providers: Compare various insurance providers and plans leveraging the website and apps offering motor insurance policies.
  2. Select coverage: Choose the plan type and coverage that fits your needs and budget.
  3. Provide details: Fill in the necessary details like bike model, registration number, and personal information.
  4. Get quotes: Obtain insurance quotes and compare them.
  5. Purchase: Select the best quote, pay the premium online, and receive your policy document via email.

How to check my KTM bike insurance status?

Here are two ways to check your KTM bike insurance status:

  • Contact your insurance provider
    You can directly contact your insurance company's customer care department and inquire about your policy status. They can provide details like validity, coverage details, and renewal options.
  • Online portal
    Most insurance companies offer online customer portals where you can log in using your policy details and access information about your insurance plan.
  • Via the VAHAN online portal
    Login via your mobile number, provide the two-wheeler registration number, and click on the “Search Vehicle” button to view bike details, including insurance validity.

Frequently asked questions

How long does it take to renew KTM bike insurance?
Renewing KTM bike insurance usually takes just a few minutes online. Once payment is made, you receive the renewed policy document instantly.
Which insurance add-on should I buy for KTM bikes?
Consider add-ons like zero depreciation, engine protection, and roadside assistance for enhanced coverage for your KTM bike.
How to get insurance details by vehicle number?
To get insurance details through vehicle registration number, visit the Parivahan portal, click on ‘Know Your Vehicle Details’ option under ‘Informational Services’. Log in to your account and provide the vehicle registration number to get various details about the vehicle including the insurance status.
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Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, The New India Assurance Company Limited, Cholamandalam MS General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.