Mahindra Centuro Bike Insurance

Is it compulsory to buy two-wheeler insurance for my Mahindra Centuro bike?

Yes, it is mandatory to buy third-party two-wheeler insurance for your Mahindra Centuro bike to comply with the Motor Vehicles Act.

Is online bike insurance valid for Mahindra Centuro?

Yes, online bike insurance is valid for Mahindra Centuro. Buying bike insurance online will save you a lot of time and money.

Can I renew Mahindra Centuro bike insurance online and how much time will it take?

Yes, you can renew Mahindra bike insurance online. Renewing bike insurance online takes only a few minutes as the documentation is minimal, and the payment is done through digital mode.

What is an add-on in Mahindra Centuro bike insurance?

An add-on is an additional coverage benefit bought separately to enhance the scope of coverage of the bike insurance policy. Note that only a comprehensive bike insurance plan allows you to purchase add-on covers.

Is it compulsory to buy add-ons for Mahindra Centuro two-wheeler insurance?

No, it is not mandatory to buy add-ons for bike insurance. But you can consider buying add-on covers such as Roadside Assistance Cover, Engine Protection Cover, Passenger/Co-Rider Cover, No Claim Bonus Cover, etc. to expand the coverage benefits of the comprehensive bike insurance policy.

What is No Claim Bonus (NCB) in Mahindra Centuro bike insurance?

NCB is the bonus provided by the insurance company for not making any claims during the tenure of the previous bike insurance policy. NCB also gives you a certain percentage of discount on the premium during the renewal of bike insurance.

Which document do I need to submit to renew my two-wheeler insurance policy?

You need to submit the following documents to renew your two-wheeler insurance policy:

• The previous insurance policy certificate

• Motorcycle registration certificate

• Identity proof

Can I renew my two-wheeler insurance policy after it expires?

Yes, you can renew the expired two-wheeler insurance policy within the grace period provided by the insurance company. Post grace period, you need to pay the required penalty charges to renew the bike insurance policy. Note that an expired two-wheeler insurance plan does not provide coverage. So, it’s better to renew the insurance plan before it expires.

Does a third-party bike insurance plan provide an Own Damage cover?

No, a third-party bike insurance plan does not provide an Own Damage cover. Only comprehensive bike insurance provides an Own Damage cover.

What is Insured Declared Value (IDV) in Mahindra Centuro bike insurance?

IDV is the current value of your motorcycle, and the bike insurance premium is calculated based on the IDV of the vehicle. IDV is also the maximum sum insured, which will be paid to you by the insurer if the motorcycle suffers a total loss or is stolen.