Bajaj Discover 150S Insurance

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Bajaj Discover 150s Insurance

The Bajaj Discover 150s was a high-mileage commuter bike that was for urban riders. It was equipped with several rider-friendly features like a digital instrument cluster, disc brakes, and tubeless tyres. However, the bike was discontinued in 2017. If you still own this bike, you must secure it with the Bajaj Discover 150s bike insurance policy. Read on to know everything about the same.

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Popular Bajaj Discover 150s Variants with Insurance Premium Price

Bajaj Discover 150s Variants (Registration Year 2025) 5-year Third Party and 1-year Own Damage Plan (in Rs.)
Dts-Si Electric Start Disc Brake (150 cc) 593 onwards

*Disclaimer: The prices listed in this table are for informational purposes only. The actual premium price can change based on factors like the bike's brand and type, IDV, year of purchase, and so on.

Reasons to Renew Bajaj Discover 150s Insurance Online from Policybazaar.com

Here are some reasons why you must renew your Bajaj Discover 150s motorcycle insurance from Policybazaar.com.

  • No Paperwork: You do not have to submit any documents to renew your bike insurance policy.
  • Quick Comparison: Before paying your policy premium, you can check out different bike insurance policies offered by various insurers to compare prices and coverage. This will allow you to select the most affordable policy that provides the maximum coverage.
  • No Hidden Fee: You will not be charged any extra fee or service charges for renewing your policy on Policybazaar.com.
  • Instant Policy Issuance: After paying the premium on the website, your Bajaj Discover 150s bike insurance policy will be issued instantly. You will receive your policy documents in your email.

Coverage Under Bajaj Discover 150s Insurance

  • Inclusions
  • Exclusions

A standard bike insurance policy will cover the following risks:

  • Bike damage due to fire or explosion
  • Theft and damages caused by vandalism
  • Bike damage due to accidents or collisions
  • Injury, disability, or death of the insured bike's rider
  • Bike damage due to natural calamities, such as cyclones, floods, and earthquakes
  • Third-party liabilities, including injuries, disability, loss of life and property damage caused by the insured bike

A few risks that are not covered by a standard bike insurance policy are listed here:

  • Bike damage due to regular wear and tear
  • Any damage sustained due to an act of war
  • Damages caused by an intoxicated driver
  • Damages caused by rash or negligent driving
  • Any damages caused to the insured bike by an unlicenced driver
  • Bike damage sustained due to electrical or mechanical breakdown

*Disclaimer: The inclusions and exclusions of a bike insurance policy may vary from one insurance provider to another. To know the extent of your policy coverage, read your bike insurance policy documents carefully.

Bajaj Discover 150s Insurance Add-on Covers

You can enhance your policy coverage by including some of the following bike insurance add-ons at an extra premium:

  • Zero Depreciation Cover: This add-on helps to minimise your out-of-pocket expenses. It ensures that you to get the full compensation of the actual cost of replacement during your claim settlement.
  • No Claim Bonus (NCB) Protection Cover: This add-on keeps your accumulated bonus intact even after you have submitted a claim in the policy year. As a result, you do not have to worry about how many claims you can submit without adversely affecting your bonus.
  • Consumables Cover: Typically, you will have to pay for the repair or replacement of minor essentials, like nuts, bolts, screws, engine oil, grease, etc., as these minor items are not covered under a standard bike insurance policy. However, with this add-on, the expenses of these consumables are covered if they are damaged in an accident or a collision.
  • Roadside Assistance Cover: With this add-on you can get timely help if you find yourself stuck on the road due to a bike emergency. A few services that are typically offered with this add-on include towing assistance, fuel delivery, flat tyre changing, accommodation service, taxi arrangement, etc.

How to Renew Bajaj Discover 150s Insurance Online?

To get uninterrupted coverage, you must renew your bike insurance policy on time. Here's how you can do it:

  • Step 1: Open Policybazaar.com and choose 'Two-wheeler Insurance'.
  • Step 2: Put in your bike registration number and click on 'View Prices'.
  • Step 3: Various plans from different bike insurance companies will be displayed on your screen. Pick one that meets your coverage requirement. You can also include optional add-ons. Tap 'Pay Now'.
  • Step 4: Provide the necessary information. Select your preferred mode of payment and finish the payment online.
  • Step 5: After your payment is processed, you will receive your Bajaj Discover 150s bike insurance policy documents to your email.

How to Raise Bajaj Discover 150s Insurance Claims Online?

You can file a cashless or a reimbursement claim on your Bajaj Discover 150s bike insurance policy with these steps:

  1. Cashless Bike Insurance Claim

    Follow these steps to file a cashless two-wheeler insurance claim:

    • Step 1: Inform your insurance provider about the damage.
    • Step 2: Go to the closest police station and file an FIR (if necessary).
    • Step 3: Submit your claim application form. Also give copies of your bike's RC, your driving licence, ID and address proof, etc.
    • Step 4: An insurance surveyor will check out your bike's damage and approve the repairs.
    • Step 5: You can have your bike fixed at a workshop within your insurance provider's network. Your insurance provider will settle the bills with the garage.
  2. Reimbursement Bike Insurance Claims

    You can use these steps to file a reimbursement claim against your Bajaj Discover 150s bike insurance:

    • Step 1: Notify your insurance provider about the damage.
    • Step 2: Go to your nearest police station and file an FIR, if required.
    • Step 3: An insurance surveyor will check the bike's damage to give approval.
    • Step 4: Take your bike to any garage for repairs.
    • Step 5: Pay the bills and collect the original invoices.
    • Step 6: Submit the original bills along with the claim form and other documents, like your bike's RC, your driving licence, ID and address proof, etc. You will receive your reimbursement after your claim is processed.

Documents Required for Accidental Claim Settlement

You must provide the following documents to submit an accident claim on your Bajaj Discover 150s bike insurance policy:

  • A duly filled and signed claim application form
  • Bike insurance policy document
  • Valid pollution under check (PUC) certificate
  • Your driving licence and the bike's registration certificate (RC)
  • Identity proof (Aadhaar, passport, etc.)
  • FIR copy (if required)
  • Original invoices/repair bills (reimbursement claims)

Additional Documents Required for Theft Claim Settlement

In case of a bike theft, you need to submit the following documents along with your claim form:

  • Original copy of the First Information Report (FIR)
  • Copy of the bike's registration certificate (RC)
  • RTO transfer documents along with Forms 28, 29, 30 and 35
  • Copy of your driving licence, insurance documents
  • Original keys of the bike
  • Untraceable report from the police
  • NOC from the Hypothecator (if the bike is financed)

FAQs about Bajaj Discover 150s Insurance

  • How many days does it take to process a claim on my Bajaj Discover 150s bike insurance policy?

    After submitting your claim application, it will take approximately 7 to 15 days to process your application.
  • What happens if I do not renew my Bajaj Discover 150s bike insurance policy?

    If you do not renew your bike insurance policy within the stipulated time, it will lapse, and you will lose your coverage.
  • How much does it cost to renew my Bajaj Discover 150s bike insurance policy?

    The renewal cost of a bike insurance policy varies on many factors, such as the type of policy, age of the bike, add-ons chosen, its cubic capacity, modifications, etc.
  • Where can I check the status of my Bajaj Discover 150s bike insurance policy?

    You can check your bike insurance policy status by logging in to your insurance provider's website, the Parivahan Sewa portal, or even Policybazaar.com
  • How can I download my Bajaj Discover 150s bike insurance policy?

    You can download a copy of your bike insurance policy documents through your insurance provider's website. You can also visit the Parivahan Sewa portal and follow the instructions to download your bike insurance policy documents.

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^The buying/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.

*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%.

*₹457/- per annum (₹1.3/day) is the price for third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable annually. The list of insurers mentioned is arranged according to alphabetical order of the names of insurers respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For the complete list of insurers in India, refer to the Insurance Regulatory and Development Authority of India website: www.irdai.gov.in