Royal Enfield Machismo 500 Bike Insurance

Get your Royal Enfield Machismo 500 bike insured in a simple and hassle-free way!

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Royal Enfield Machismo 500 Bike Insurance

Home / Two-wheeler Insurance / Royal Enfield Bike Insurance / Royal Enfield Machismo 500 Bike Insurance

The Machismo 500 is a classic cruiser bike from Royal Enfield, having its admirers all across the country. This bike is the perfect ride companion for people who prefer burly cruisers. But if you want to ride a Machismo 500 on Indian roads, a bike insurance plan is essential. This guide will help you purchase a Royal Enfield Machismo 500 bike insurance online.

Benefits of buying online two-wheeler insurance Royal Enfield Machismo 500
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Here are the benefits of buying your Royal Enfield Machismo bike insurance online.

24x7 availability
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You can use the online platform to find policy information, buy or renew a policy and raise a claim for a Royal Enfield Machismo 500 two-wheeler insurance plan. This digital access allows you to initiate insurance-related services at your convenience without any waiting period.

Policy choices
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Thanks to the online availability of insurance plans, you get to compare different policy choices easily. You can go through multiple policies to evaluate their coverage, prices, services, etc. Thus, selecting the best-suited bike policy online becomes much easier than offline.

Quick purchase
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You don’t need to book appointments or indulge in a lengthy procedure to buy a bike insurance plan. As a Machismo 500 owner, you can simply access the online platform, provide your bike details along with previous policy information (if available) to buy/renew a policy instantly.

Bike insurance plans for Royal Enfield Machismo 500
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The following types of policies are available for Royal Enfield Machismo 500 insurance.

Third-party Liability Plan
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You need at least a Bike Third-party Liability Plan to ride your Machismo 500 on Indian roads. This is a mandatory vehicle insurance plan as per The Motor Vehicles Act, 1988. Riding without this policy makes a vehicle liable for penalties. The coverage of this policy includes third-party injury, death or property damage while riding the insured bike. However, this policy does not include any coverage against the damages, loss or theft of the insured Machismo.

Comprehensive Insurance Plan
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A Comprehensive Insurance Plan combines a Third-party Liability Plan with Own Damage or OD cover. This allows you to have coverage against third-party liabilities as well as damages, theft or loss of the insured bike. So, you receive financial protection if your bike gets damaged due to an accident, man-made/natural disasters, etc. Moreover, you can receive benefits and services related to repair-related claims as per the insurance plan.

Note: When buying a bike insurance plan, purchasing a Personal Accident or PA cover is necessary. The PA cover does not come included in a basic insurance plan. However, it is a mandatory cover as per the Indian law for motor vehicle owners. Hence, you must purchase it separately along with your insurance plan. The Personal Accident cover offers financial protection to the policyholder in case of temporary/permanent disabilities or death due to an accident. 

What’s covered in Royal Enfield Machismo 500 insurance? (Inclusions)

Buying a Comprehensive Royal Enfield Machismo 500 bike insurance plan allows you to have the below-mentioned coverages.

What’s not covered in Royal Enfield Machismo 500 bike insurance? (Exclusions)

Here are the situations not covered by a Royal Enfield Machismo 500 two-wheeler insurance plan.

Add-ons for Royal Enfield Machismo 500 two-wheeler insurance

Below are the add-on covers you can generally purchase to increase the coverage of your Royal Enfield Machismo 500 insurance. 

Disclaimer: The availability of the above-mentioned add-on covers may differ from insurer to insurer.

Why ACKO?
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You should choose ACKO to buy Royal Enfield Machismo 500 insurance for the following reasons.

Low-cost plans
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ACKO keeps the operating costs low with 100% digital infrastructure for insurance services. Moreover, there are no agent commissions involved due to the direct-to-customer model. Hence, you obtain bike insurance plans at low costs.

Paperless experience
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When buying or renewing a policy from ACKO, you don’t have to indulge in lengthy paperwork. In fact, ACKO embraces a zero paperwork model to make bike insurance easy to purchase online by providing only the essential vehicle and previous policy details.

Faster claims
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ACKO’s online claim registration and dedicated support team ensure faster claim settlements. We try to settle minor claims in just a few hours after you raise a claim online. However, the claim settlement for severe damages may take longer.

ACKO’s claims procedure 

Here is how you can raise your Royal Enfield Machismo 500 insurance claims. 

After you register a claim, ACKO’s support team will contact you to figure out the damages in detail. You can expect to receive the settlement amount for minor claims in a few hours after raising a claim. But if the damages are severe, the settlement may take 3 working days or more as per the complexity of repair requirements.

Frequently asked questions
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The following are the common questions to help you better understand the process of buying Royal Enfield Machismo 500 insurance online with ACKO.

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Which ACKO policy can cover my Royal Enfield Machismo 500 against accidental damages?

ACKO offers a Comprehensive Insurance Plan for bikes to cover against third-party liabilities and loss or damage of the insured bike as well. The Own Damage coverage included the policy protects financially if the vehicle gets damaged due to an accident. Moreover, it provides coverage against loss, theft, and/or vehicle damages caused by natural/man-made disasters.

How can I renew Royal Enfield Machismo 500 bike insurance at ACKO?

You can use the digital platform of ACKO to instantly renew Royal Enfield Machismo 500 two-wheeler insurance. The online policy renewal is possible via the official website as well as the mobile app. You can enter bike details and provide previous policy information to make a purchase. 

What documents do I need to purchase RE Machismo 500 insurance at ACKO?

ACKO ensures that you don’t have to get involved in any physical paperwork when purchasing bike insurance. The process is completely digital and requires you to simply fill in a few details of your Machismo 500 bike along with previous insurance information (if available). All this requires no paperwork at all.

Other Two-wheeler Insurance for Royal Enfield Bike Models/Variants
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ACKO General Insurance Limited

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Category: Non-Life Insurance

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