Royal Enfield Classic 350 Bike Insurance

Buy comprehensive bike insurance for your Royal Enfield Classic 350. Get coverage for damages, theft, and third-party liability.
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Know More About Royal Enfield Classic 350 Bike Insurance Policy
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3 mins
11th January 2024

Bike insurance protects you financially against any unforeseen events such as accidents, theft, or even natural disasters. Ensuring the protection of this iconic motorcycle is crucial, and that is where Royal Enfield Classic 350 bike insurance steps in. In this comprehensive guide, we'll delve into the various aspects of insuring your Royal Enfield Classic 350, covering pricing, types of insurance plans, and the finer details of coverage.

Types of bike insurance plans for Royal Enfield Classic 350

There are two types of two-wheeler insurance plans available for Royal Enfield Classic 350:

  • Third-party liability insurance: As per the Motor Vehicles Act, 1988, this policy is mandatory for all vehicle owners in India. It provides cover against legal liabilities arising from an accident that results in the injury or death of a third party or damages to their property.
  • Comprehensive insurance: Comprehensive insurance for the Royal Enfield Classic 350 offers more comprehensive coverage and is highly recommended. It provides coverage for the damages sustained by the bike, the rider, and third-party liability. In addition to the mandatory third-party cover, it provides cover against losses due to natural calamities such as floods, earthquakes, and fires, as well as damages sustained due to man-made disasters such as riots, theft, or accidents.

Royal Enfield Classic 350 models with insurance premiums

Here’s a comparison table highlighting insurance premiums for different Royal Enfield Classic 350 models:

Royal Enfield Classic 350 Variants Min. Third-party Insurance Premiums
Royal Enfield Classic 350 Redditch Series With Single-Channel 1,366*
Royal Enfield Classic 350 Halcyon Series With Single-Channel 1,366*
Royal Enfield Classic 350 Halcyon Series With Dual-Channel 1,366*
Royal Enfield Classic 350 Signals Series With Dual-Channel 1,366*
Royal Enfield Classic 350 Dark Series With Dual-Channel 1,366*
Royal Enfield Classic 350 Chrome Series With Dual-Channel 1,366*


Things to remember when buying bike insurance for the Royal Enfield Classic 350

Given below are the key things to remember when planning to buy motor insurance for your Royal Enfield Classic 350:

  • Coverage type: 
    Choose between comprehensive, third-party, or standalone own-damage coverage.
  • Insured Declared Value (IDV): 
    Opt for a suitable IDV reflecting your Classic 350's market value.
  • Add-ons: 
    Consider additional coverage options like zero depreciation or roadside assistance.
  • Compare premiums: 
    Obtain quotes from multiple insurers to find the best premium rates.
  • Claim process: 
    Understand the insurer's claim process and check for a hassle-free experience.
  • Policy exclusions: 
    Be aware of exclusions to avoid surprises during claims.
  • No Claim Bonus (NCB): 
    Check NCB benefits and transfer options for accumulated discounts.
  • Policy renewal: 
    Ensure timely renewal to maintain continuous coverage for your Royal Enfield Classic 350.

Inclusions under Royal Enfield Classic 350 bike insurance

Royal Enfield Classic 350 bike insurance typically includes a range of coverage to protect against various risks and uncertainties. The inclusions may encompass:

  • Own damage cover: 
    This covers the cost of repairs to your Classic 350 in case of accidents, collisions, or other damages not caused by external factors.
  • Third-party liability cover: 
    Mandatory by law, this coverage protects you against financial liabilities arising from injury or damage caused to a third party or their property.
  • Theft cover: 
    In the unfortunate event of your Classic 350 being stolen, insurance can provide coverage to help compensate for the loss.
  • Natural calamities cover: 
    Comprehensive insurance plans often include coverage for damages caused by natural disasters such as floods, earthquakes, or storms.
  • Personal accident cover: 
    Some insurance plans provide coverage for personal accidents, offering financial support for medical expenses and compensation in case of disability or death.

Exclusions under Royal Enfield Classic 350 bike insurance

While bike insurance provides comprehensive coverage, there are certain exclusions to be aware of. These may include:

  • Regular wear and tear: 
    Insurance typically does not cover damages resulting from regular wear and tear or mechanical breakdowns.
  • Consequential damages: 
    Damages that occur as a consequence of a previous incident or negligence may not be covered.
  • Illegal activities: 
    If the Classic 350 is involved in illegal activities or is being ridden by an unauthorised person, the insurance may be void.
  • Non-disclosed modifications: 
    Modifications to the bike that are not disclosed to the insurer may lead to claim rejections.

How to buy Royal Enfield Classic 350 insurance from Bajaj Finance Insurance Mall?

The process of buying Royal Enfield Classic 350 insurance online is straightforward. Follow these steps to secure your scooter with a few clicks:

  • Research and compare
    Explore different insurance providers and compare their plans, coverage, and premiums.
  • Provide vehicle details
    Fill in the necessary details about your Royal Enfield Classic 350 bike, including the variant, registration number, and manufacturing year.
  • Choose coverage
    Select the type of coverage that you want – third-party, comprehensive, or additional add-ons.
  • Personal information
    Enter your personal details, including contact information and address.
  • Make payment
    Complete the payment process using a secure online gateway.
  • Receive policy
    Once the payment is successful, you will receive the insurance policy document instantly via email.

Insuring your Royal Enfield Classic 350 is not just a legal formality; it's a prudent step towards safeguarding your investment and ensuring peace of mind on the road. As you explore insurance options, consider the specific needs of your Classic 350 and choose a plan that provides comprehensive coverage at a reasonable price. Regularly review your policy, stay informed about the inclusions and exclusions, and ride confidently, knowing that your Royal Enfield Classic 350 is well protected against the uncertainties of the road.

Frequently asked questions

Can I transfer my NCB to a new insurance policy for my Classic 350?

Yes, you can transfer your No Claim Bonus (NCB) from your existing insurance policy to a new one for your Royal Enfield Classic 350. This allows you to avail discounts on the premium for your new policy based on your claim-free record.

How is the premium for Royal Enfield Classic 350 insurance calculated?

The premium for Royal Enfield Classic 350 insurance is calculated based on several factors including the bike's age, variant, engine capacity, geographical location, the insured declared value (IDV), and the chosen coverage options such as third-party liability or comprehensive insurance.

What type of insurance should I buy for my Royal Enfield Classic 350?

For your Royal Enfield Classic 350, it is advisable to purchase comprehensive insurance coverage. This type of insurance provides coverage for third-party liabilities as well as damage to your own vehicle due to accidents, theft, natural calamities, and more, offering you comprehensive protection and peace of mind.

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