Mahindra Gusto 125 Bike Insurance

What is the cost of two-wheeler insurance for Mahindra Gusto 125 in Delhi?

The cost of two-wheeler insurance depends on the value and condition of the two-wheeler, the higher the value, the higher the insurance cost. The insurance cost also depends on the type of insurance plan and add-ons you choose.

Is it compulsory to buy two-wheeler insurance for my Mahindra Gusto 125?

Yes, buying third-party two-wheeler insurance is compulsory to comply with the Motor Vehicles Act. You cannot ride a two-wheeler on the road without valid bike insurance.

From where can I purchase two-wheeler insurance for my Mahindra Gusto 125 scooty?

You can buy two-wheeler insurance online or offline. You can consider buying online two-wheeler insurance as it will save you a lot of time and money. You can also compare insurance plans from different insurance providers before purchasing the bike insurance.

Can I renew Mahindra Gusto 125 bike insurance after it expires?

Yes, you can renew the expired Mahindra Gusto 125 bike insurance within the grace period provided by the insurance company. Post grace period, you need to pay the required penalty charges to renew the insurance policy. Note that expired bike insurance does not provide coverage. So, it’s better to renew the bike insurance before it expires.

What are the required documents to renew two-wheeler insurance of my Mahindra Gusto125?

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

• Registration certificate of the scooter

• The previous insurance policy certificate

• Identity proof

What is an add-on in Mahindra Gusto 125 bike insurance?

An add-on is an additional coverage benefit which is sold separately for a comprehensive bike insurance policy. If you wish to enhance the coverage benefits of the comprehensive bike insurance plan, you can consider buying add-ons.

Which add-ons should I buy for my Mahindra Gusto 125 bike insurance?

You can consider buying add-ons such as No Claim Bonus Cover, Engine Protection Cover, Zero Depreciation Cover, Invoice Cover, Passenger Cover and Roadside Assistance Cover for a comprehensive bike insurance policy.

How can I reduce the cost of Mahindra Gusto 125 bike insurance?

You can install an anti-theft/security device on the scooter to reduce the risk of theft, and in turn, it will reduce the cost of insurance premium. You can also avoid buying unnecessary add-ons to reduce the cost of bike insurance. Lastly, you can opt for third-party bike insurance, which will significantly reduce the two-wheeler insurance cost.

What is No Claim Bonus (NCB) in Mahindra Gusto 125 bike insurance?

NCB is the bonus offered by the insurer for not making any claim during the tenure of previous year’s bike insurance policy. NCB gives you a certain percentage of discount on the premium while renewing the two-wheeler insurance policy.

What is Insured Declared Value (IDV) in Mahindra Gusto125 bike insurance?

IDV in bike insurance is the current value of the vehicle, and the insurance premium is calculated depending on the IDV. It is also the maximum sum insured, which will be paid to you by the insurer in case of total loss or theft of the insured vehicle.