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Mahindra Two-Wheelers is owned by the Mahindra Group, and the two-wheeler brand is known for its fuel-efficient motorcycle and scooters. The Mahindra Gusto 125 is a premium scooter with a stylish design. The Gusto 125 comes loaded with features which many of its competitors miss out. The powerful engine, sporty body graphics and unique features make the Gusto 125 an appealing scooter in the market. This article will provide you with all the information related to Mahindra Gusto 125 Bike Insurance.
As per the Motor Vehicles Act, you cannot ride a two-wheeler on the road without a valid two-wheeler insurance policy. Buying third-party bike insurance is compulsory to comply with the rules and regulations. However, third-party two-wheeler insurance does not offer an Own Damage Cover. Buying a comprehensive bike insurance plan is optional, and it provides third-party and Own Damage cover. Below are the benefits of buying two-wheeler insurance for Mahindra Gusto 125.
A third-party/comprehensive two-wheeler insurance plan provides coverage against damage to third-party property and injury/accidental death of the third-party. The insurer takes the liability for damages to third-party property/life due to an accident.
A comprehensive bike insurance plan provides third-party and Own Damage cover. The insurance plan covers damage to your scooter and injury/accidental death of the rider/owner. The vehicle damage coverage includes accidental damage, damage due to fire and damage due to natural/man-made disasters.
A comprehensive bike insurance policy allows you to purchase add-on covers to expand the coverage benefits. You can buy add-ons such as No Claim Bonus Cover, Engine Protection Cover, Passenger/Co-Rider, Roadside Assistance Cover, etc. to enhance the scope of coverage of the comprehensive two-wheeler insurance plan.
A comprehensive two-wheeler insurance policy provides coverage against loss/theft of the insured bike. If your Mahindra Gusto 125 gets stolen or suffers a total loss in an accident, then the insurer will pay you the Insured Declared Value (IDV) of the scooter.
There are two types of bike insurance plans available for Mahindra Gusto 125 scooter: Third-Party bike insurance and Comprehensive bike insurance plan. Both insurance plans come with different sets of coverage benefits. Below are the coverage details of third-party and comprehensive bike insurance.
It is mandatory to buy third-party bike insurance for your Mahindra Gusto 125 scooter to comply with the rules and regulations. As the name suggests, a third-party bike insurance plan provides coverage against damage to third-party property or life. The insurance plan does not provide an Own Damage cover.
A comprehensive bike insurance policy provides third-party and Own Damage cover. The insurance plan covers damage to your scooter and injury/accidental death of the rider/owner. The vehicle damage cover includes accidental damage, damage due to fire and damage due to natural/man-made disasters. The comprehensive bike insurance plan also allows you to buy add-ons to expand the coverage benefits.
Below are the inclusions of Mahindra Gusto 125 two-wheeler insurance (comprehensive).
Loss/Damage to third-party property or life.
Loss/Damage to the scooter due to an accident.
Injury/Accidental death of the rider/owner.
Loss/Damage to the scooter due to a fire outbreak or explosion.
Loss/Damage to the scooter due to natural disasters such as floods, storms, cyclones, earthquakes, etc.
Loss/Damage to the scooter due to man-made disasters such as vandalism, etc.
Loss/Theft of the insured scooter.
Note: Only Comprehensive Bike Insurance plan provides an Own Damage cover.
The Mahindra Gusto bike insurance will not provide coverage under the following circumstances.
Loss/Damage to the scooter due to natural wear and tear.
Loss/Damage to the scooter due to improper handling.
Loss/Damage to the scooter due to reckless riding.
Riding the scooter under the influence of alcohol/intoxicating substances.
Riding the scooter without a valid driving licence.
Loss/Damage to the scooter due to mechanical/electrical failure.
Any add-on covers which are not purchased.
A comprehensive two-wheeler insurance plan allows you to buy add-on covers. Below are the available add-ons for Mahindra Gusto 125:
No Claim Bonus cover
Zero Depreciation cover
Engine Protection cover
Return to Invoice cover
Roadside Assistance cover
Below are the benefits of buying Acko two-wheeler insurance policy for your Mahindra Gusto 125 scooter.
You can buy two-wheeler insurance online from Acko General Insurance, and there is no paperwork. The entire process of buying bike insurance can be completed online, and zero paperwork is required, and digital payment mode saves you a lot of time.
Acko offers instant claim settlements for minor damages. You can register a claim online, and the documentation is simple. For major damages upon verification and assessment of the damaged vehicle, the claim will be settled within a few hours.
Acko’s two-wheeler insurance experts will give you unbiased advice on Mahindra Gusto 125 bike insurance. The customer support team will assist you in purchasing the right two-wheeler insurance policy and add-ons for your Mahindra Gusto 125 bike.
Acko suggests you the optimum Insured Declared Value (IDV) for your Mahindra Gusto 125 and provides two-wheeler insurance plans. You can compare different bike insurance plans and add-on covers before buying bike insurance online.
Below are the steps to register a two-wheeler insurance claim at Acko General Insurance.
Visit the website www.acko.com or download the Acko smartphone app.
Select the ‘Bike Insurance’ option from the Products drop-down menu.
Select ‘Two-Wheeler/Bike Claim’ from the Claims drop-down menu.
Next, log in to your Acko account and enter details such as insurance policy number, vehicle registration number, etc.
State the nature of the damage and upload the pictures of your damaged scooter.
Upon verification of the claim and assessment of the damage, the claim settlement will be made.
You will receive instant claim settlement for minor damages.
Major repairs and parts replacement can be done via Acko’s network of cashless garages.
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.
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.
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.
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.
You need to submit the following documents to renew the two-wheeler insurance policy:
Registration certificate of the scooter
The previous insurance policy certificate
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.
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.
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.
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.
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.