Zuno Bike Insurance Premium Calculator
Zuno (formerly Edelweiss) bike insurance premium calculator is a tool that helps you calculate estimated the insurance premium for any Zuno bike insurance policy. The premium cost of a policy depends on factors like make, model, variant, fuel type, engine capacity, etc. To know how to use your Zuno bike insurance premium calculator, read on!Read more
How to Use the Zuno Bike Insurance Premium Calculator?
You can use the Zuno bike insurance premium calculator to combine different plan features & add-ons to determine the best two-wheeler insurance plan for you. To utilize the Zuno bike insurance premium calculator, you have to follow the steps given below-
Step 1 - Visit the official website of the insurer to access the online premium calculator. You can also visit the bike insurance calculator page available at Policybazaar.com
Step 2 - Select the make, model, and variant of the bike
Step 3 - Enter the ex-showroom price of the bike, city of registration, and year of bike purchase
Step 4 - Next, choose between if you have made a claim or not in the previous year
Step 5 - Click on calculate, and it will show the estimated insurance premium for your bike according to your inputs.
Benefits of Using the Zuno Bike Insurance Calculator
The benefits of using the Zuno bike insurance calculator are as follows-
Effortless to Use
To use this calculator, you don't need to have a high level of financial knowledge. It is easy to use. You just have to put in a few details such as make, model variant, year of purchase, city, etc., and the calculator will do the rest of the job for you.
This tool allows you to customize your plan by allowing you to select your add-ons from the options depending on your exclusive needs.
Helps You to Decide
This tool allows you to figure out the premium cost before you buy the actual policy so that you can do your financial planning better.
Factors Affecting Bike Insurance Premium
The factors that affect the premium of a bike insurance policy are as follows-
The Engine of the Bike
The bike's engine plays an essential role while calculating the premium of a policy. The higher the cubic capacity (CC) of the engine, the higher will be the premium.
Make and Model of the Bike
The premium cost also depends on the brand, model, variant of your bike, etc. The high-end bike model attracts higher bike insurance premiums.
Age of the Bike
The older your bike will be, the less premium you have to pay, as depreciation is charged on the insured bike.
The add-ons are the extra coverage that is offered by the insurer to improve the strength of the policy by paying a higher premium than usual. There are several two-wheeler insurance add-ons are offered by the Zuno General Insurance Company Ltd., such as zero-depreciation cover, NCB protection cover, roadside assistance cover, etc.
Explore ZUNO Bike Insurance
The Insured Declared Value or IDV of a bike is the maximum sum assured amount an insurer is liable to pay to the policyholder in case of total loss or theft of the insured bike. In simpler terms, an IDV of a bike is the current market value of the bike.
Once you have completed the payment online for your two-wheeler insurance policy, the insurer will send the policy copy to the registered email id.
To calculate the bike insurance premium, you can follow the below formula-
Bike insurance premium = Own-damage premium – (No Claim Bonus + Discounts) – Third-party liability premium.
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ZUNO Bike Insurance Premium Calculator Reviews & Ratings
^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.
^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.
#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.
*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)
#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.
*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis