Royal Enfield Meteor Insurance

Founded in 1901, Royal Enfield is the oldest motorcycle manufacturer in the world. The two-wheeler maker launched a new line of cruiser bikes named Meteor 350 in November 2020. The bike represents the eternal essence of riding and the spirit of the cruise.

The classic contours and enduring design cues make Meteor ready to open roads and challenge city commuting. It was awarded as the Indian Motorcycle of the Year 2021 (IMOTY). 

Now, when it comes to affordability, Royal Enfield bikes come with an expensive price tag. Therefore, any damage befalling the bike after purchase can be devastating, especially if it demands replacements or repairing. This makes Royal Enfield Meteor 350 insurance essential for curtailing financial liabilities. 

In fact, the Motor Vehicles Act 1988 mandated a third-party insurance cover for every motorised vehicle in India. However, several riders prefer comprehensive policy as it ensures well-rounded protection. 

So, before buying this model, look for affordable two-wheeler insurance for Royal Enfield Meteor 350 options to safeguard your finances. Digit Insurance extends several policy options to choose from at cost-effective rates.

In the next segment, we will discuss the features of Meteor 350, the importance of motorcycle insurance and the reasons to choose Digit.

You may have come across Digit while looking for a convenient Royal Enfield bike insurance plan. Digit is one of the fastest-growing general insurance organisations offering efficient financial protection. 

Listed below are the reasons why you can never go wrong with Digit Insurance.

1. Wider Choice of Policy Plans - Digit understands its customers' requirements and thus crafts its policies accordingly. You can choose from the following options-

• Third-Party Coverage - This scheme provides financial assistance for the losses incurred due to damages to a third-party person or property caused by our motorcycle.

• Comprehensive Coverage - This is a well-rounded protection plan for your Meteor 350 bike. Under this scheme, you can file a claim for your own bike damage and the damages sustained by other parties in the event of accidents. Additionally, this cover brings down your financial liability in case of bike damage due to natural disasters, theft, fire and other mishaps.

• Own Damage Bike Coverage - Digit also lists an Own Damage Bike protection for two-wheeler owners who bought their bikes after September 2018. If you own a third-party cover, then you have to buy a standalone Own Damage Protection separately. This coverage ensures financial aid for any damage sustained by your Meteor 350 in accidents.

1. Buy or renew Policies Online - Digit does away with the conventional formalities and offers online buying and renewal options to streamline the process. New customers can buy Royal Enfield Meteor 350 insurance online by visiting Digit's official website. Existing customers can opt for Royal Enfield Meteor 350 insurance renewal online by logging into their respective accounts. The online option eliminates the necessity of seeking the services of a broker or insurance agent.

1. High Claim Settlement Ratio - If you consider Digit for Royal Enfield Meteor 350 insurance, you get the option to file a claim online. Digit ensures a seamless experience and thus offers a smartphone-enabled self-inspection process to eliminate the hassle. Just attach the images of the damage and file the claim. Further, Digit offers a high claim settlement ratio to reduce the chances of getting your claim rejected.

1. IDV Customisation - Digit allows its customers to increase or decrease their Insured Declared Value as per their convenience to maximise the benefits. The IDV is the amount you can claim from your insurer in the event of total loss or damage beyond repair.

1. Wide Range of Add-ons - Standard insurance policies do not extend financial coverage for repairing certain bike parts. Digit facilitates its customers with a broader scope of well-rounded protection with its add-on covers. Some of the popular add-on safeguards are-

   • Tyre protection cover
   • Zero depreciation cover
   • Breakdown assistance 
   • Return to invoice cover
   • Consumable cover etc.

2. 100% Transparency - Digit does not ask for any additional charges against its two-wheeler insurance policies to remain transparent to its customers. That means you just need to pay the amount as given on the website. And in return, Digit will provide financial aid according to your policy terms.

1. Nationwide Network Garages - Whether you are at Chandigarh or Kolkata, you will find Digit network bike garages nearby. The insurance provider has tie-ups with more than 2900 garages, each of which accepts cashless repair claims.

1. Dependable Customer Service - Whether you want to report an accident or resolve a query related to your policy, Digit Insurance is dedicated to deal with such issues. Digit strives for 100% customer satisfaction and thus offers 24X7 customer care service.

All these features solidify the reason to choose Digit over any other insurance provider. 

However, never select an insurance plan depending only on its premium. Instead, read all the aspects of the policy to gain clarity about the coverage. Always opt for the Royal Enfield Meteor 350 insurance that ensures sufficient financial support in the event of damage to your bike.

Other than legal repercussions, riding a two-wheeler without any insurance coverage can be quite expensive in case of accidental damages and other threats. Below is the list of benefits that a two-wheeler insurance policy offers.

1. Saves from Legal Liabilities - As per the Motor Vehicles Act 1988, buying a third-party insurance plan for all two-wheelers plying on Indian roads is mandatory. Anyone without a valid insurance policy is liable to pay penalties. Under the Motor Vehicles Amendment Act 2019, driving without insurance may attract fines of ₹ 2000 (for first-time offence) and ₹4000 (for repeating). This may also lead to license cancellation or imprisonment for up to 3 months.

1. Bears Third-Party Liabilities - Third-party Royal Enfield offers financial assistance for the damages caused in an accident by our bike. Besides covering the damage repair expenses, this scheme extends financial aid to any third party injured in the accident, even if one dies.

1. Pays for Own Bike Damage Repairs - With a comprehensive Royal Enfield Meteor 350 insurance policy, you are eligible to claim financial assistance to compensate for the damages your bike undergoes due to accidents or road mishaps. This policy also provides coverage for third-party liabilities. Besides accidents, damage sustained during fire, natural or man-made disasters, explosions, loss, theft etc., fall under this policy coverage.

1. Compensates for Total Loss or Theft of Motorcycle - There can be circumstances under which your Meteor 350 may get damaged beyond repair. Also, such an expensive bike may get stolen. In such scenarios, a comprehensive policy cover will be handy. Under this policy, you can claim the IDV for your bike. Now, IDV or Insured Declared Value is the present cost of Meteor 350 minus its depreciation cost. Your insurance provider is liable to offer you the IDV amount if your bike gets stolen.

1. Covers for Personal Accidental Damage - In unfortunate events of death or permanent disability caused in an accident, the policyholder's family members can receive monetary compensation from the insurer. This personal accident add-on cover is mandatory with an insurance policy.

Note: This protection expires after a predetermined term. You have to renew Royal Enfield bike insurance with Personal Accident cover on a regular basis to remain road-legal.

1. Offers No Claim Bonus Benefits - If you do not raise any claim for a year, you can earn discounts on your Royal Enfield Meteor 350 insurance policy renewal. Also, the discount cuts down your premium amount. If you buy or renew your motorcycle insurance policy from a reliable insurer like Digit and do not claim for straight five years, you can earn a 50% discount on your premium.

All these reasons make two-wheeler insurance policy cover crucial in India.

• Engine - The Meteor 350 comes with an air-oil cooled, 349 cc, SOHC engine. The characteristic long stroke and electronic fuel injection system produce smooth, tractable power and bottom-end torque. 

• Chassis - Meteor 350 redefines the overall cruising experience. Thanks to its improved chassis setup, accessible riding position, superior braking ability, enhanced suspension system and responsive power delivery. The chassis is durable, robust and stiffer. Also, it provides straight-line stability, cornering precision and manoeuvrability and matchless comfort.

• Tripper Navigation System - The Meteor 350 is the first-ever Royal Enfield bike to feature a Tripper navigation system that supports Google Maps. The Royal Enfield App connects smartphones with the motorcycle via Bluetooth Tripper. This system indicates directions on display and has an additional USB charging port.

• Other Specifications - Royal Enfield Meteor 350 also possesses halogen bulbs with LED light guide provider improved on-road illumination, a 15-litre fuel tank, low and long seats, and a LED tail lamp with ring-type light.

Due to all these world-class features, it becomes essential to opt for Royal Enfield Meteor 350 insurance to avoid extensive repair expenses.