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How Is My Bike Premium Calculated?

The bike insurance premium is calculated on the basis of the below factors:-

  • Cubic capacity – The major factor deciding the third party premium of your bike is the cubic capacity of the bike. Higher the cubic capacity, higher would be the premium.
  • Make & Model – The premium of your bike depends on the make and model of the bike. Few makes of bikes have higher premium compared to the other makes. For instance Yamaha bikes have higher premium when compared to Bajaj bikes for the same cubic capacity. This is due to the cost of replacement of parts being high at the time of claim for few make and models.
  • Date of registration – The date of registration is used to calculate the age of the bike. The premium depends on the age of the vehicle.
  • Insured Declared Value - IDV is the sum insured of the bike which is agreed between the insured and the insurance company. Higher the IDV, higher would be the premium.
  • RTO – The place of registration of bike also plays an important role in deciding the premium. For the purpose of premium calculation cities are divided in two zones; Zone A- which covers all the capitals of states, Zone –B which includes all other cities other than that of Zone-A.

How to Download Universal Sompo Bike Insurance Premium Payment Receipt Online?

To Download Universal Sompo Bike Insurance Premium Payment Online Receipt is easy and simple. Go to PolicyBachat Fill in the required details of Make and Model of Bike, RTO locations, etc.

After filling the details click on the ”START SAVING MONEY”. Premiums with Top Leading Insurers will display, Choose “Universal Sompo” Edit your Policy Details if needed, and Add required coverages to your Bike insurance policy.

Click on “BUY NOW”, Proposal form will be displayed, Make Payment, and then Bike insurance premium payment online receipt will appear download it.

With Universal Sompo:
  • Visit the official website of the company
  • Enter the required details. Click on the “Get Quote or Renew Online”.
  • Fill in the details and check the quick quote premium along with adding riders to the Bike insurance policy.
  • Click on the “Calculate Premium” button.
  • Fill in the Personal Details.
  • Next, provide your Registered Email ID, and Make Payment
  • A copy of your Bike insurance policy will be sent to your mail ID in PDF format
  • Download the Bike insurance policy premium receipt online.
  • If you are an Existing Customer Enter Policy Number, click on the Renew Policy Button, and make Payment.

How to Download TATA AIG Bike Insurance Premium Payment Receipt Online?

To Download TATA AIG Bike Insurance Premium Payment Online Receipt is easy and simple. Go to PolicyBachat Fill in the required details of Make and Model of Bike, RTO locations, etc.

After filling the details click on the ”START SAVING MONEY”. Premiums with Top Leading Insurers will display, Choose “TATA AIG” Edit your Policy Details if needed, and Add required coverages to your Bike insurance policy.

Click on “BUY NOW”, Proposal form will be displayed, Make Payment, and then Bike insurance premium payment online receipt will appear download it.

With TATA AIG:
  • Visit the official website of the company
  • Click on the “Get Price or Buy online”.
  • Fill in the details and check the quick quote premium along with adding riders to the Bike insurance policy.
  • Click on the “Calculate Premium” button.
  • Fill in the Personal Details.
  • Next, provide your Registered Email ID, and Make Payment
  • A copy of your Bike insurance policy will be sent to your mail ID in PDF format
  • Download the Bike insurance policy premium receipt online.
  • If you are an Existing Customer Enter Policy Number, click on the Renew Policy Button, and make Payment.

How to Download Shriram Bike Insurance Premium Payment Receipt Online?

To Download Shriram Bike Insurance Premium Payment Online Receipt is easy and simple. Go to PolicyBachat Fill in the required details of Make and Model of Bike, RTO locations, etc.

After filling the details click on the”START SAVING MONEY”. Premiums with Top Leading Insurers will display, Choose “Shriram” Edit your Policy Details if needed, and Add required coverages to your Bike insurance policy.

Click on “BUY NOW”, Proposal form will be displayed, Make Payment, and then Bike insurance premium payment online receipt will appear download it.

With Shriram:
  • Visit the official website of the company
  • Click on the “Buy Online or Get Quote or Renew Online”.
  • Fill in the details and check the quick quote premium along with adding riders to the Bike insurance policy.
  • Click on the “Calculate Premium” button.
  • Fill in the Personal Details.
  • Next, provide your Registered Email ID, and Make Payment
  • A copy of your Bike insurance policy will be sent to your mail ID in PDF format
  • Download the Bike insurance policy premium receipt online.
  • If you are an Existing Customer Enter Policy Number, click on the Renew Policy Button, and make Payment.

How to Download SBI Bike Insurance Premium Payment Receipt Online?

To Download SBI Bike Insurance Premium Payment Online Receipt is easy and simple. Go to PolicyBachat Fill in the required details of Make and Model of Bike, RTO locations, etc.

After filling the details click on the”START SAVING MONEY”. Premiums with Top Leading Insurers will display, choose “SBI” Edit your Policy Details if needed, and Add required coverages to your Bike insurance policy.

Click on “BUY NOW”, Proposal form will be displayed, Make Payment, and then Bike insurance premium payment online receipt will appear download it.

With SBI:
  • Visit the official website of the company
  • Click on the “Buy Online or Get Quote or Renew Online”.
  • Fill in the details and check the quick quote premium along with adding riders to the Bike insurance policy.
  • Click on the “Calculate Premium” button.
  • Fill in the Personal Details.
  • Next, provide your Registered Email ID, and Make Payment
  • A copy of your Bike insurance policy will be sent to your mail ID in PDF format
  • Download the Bike insurance policy premium receipt online.
  • If you are an Existing Customer Enter Policy Number, click on the Renew Policy Button, and make Payment.

How to Download Royal Sundaram Bike Insurance Premium Payment Receipt Online?

To Download Royal Sundaram Bike Insurance Premium Payment Online Receipt is easy and simple. Go to PolicyBachat Fill in the required details of Make and Model of Bike, RTO locations, etc.

After filling the details click on the”START SAVING MONEY”. Premiums with Top Leading Insurers will display, Choose “Royal Sundaram” Edit your Policy Details if needed, and Add required coverages to your Bike insurance policy.

Click on “BUY NOW”, Proposal form will be displayed, Make Payment, and then Bike insurance premium payment online receipt will appear download it.

With Royal Sundaram:
  • Visit the official website of the company
  • Enter details such as Bike registration number, mobile number. Click on the “Get Quote or Renew Policy”.
  • Fill in the details and check the quick quote premium along with adding riders to the Bike insurance policy.
  • Click on the “Calculate Premium” button.
  • Fill in the Personal Details.
  • Next, provide your Registered Email ID, and Make Payment
  • A copy of your Bike insurance policy will be sent to your mail ID in PDF format
  • Download the Bike insurance policy premium receipt online.
  • If you are an Existing Customer Enter Policy Number, click on the Renew Policy Button, and make Payment.
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