Insurers Got a Target from Yamaha for More Policy Renewals

Most of the two-wheelers don’t care about the renewal of their vehicle insurance cover after the first year. Yamaha Motor India Sales is seized of this issue and its implications. According to the vice-president of the company, Roy Kurian, this is up to the insurers to remind the policy holders about the renewals. The pre-assumption that the latter choose to default wilfully is wrong. The policyholder could have forgotten the deadline and just needed a reminder for the renewal.

Read more
  • Save up to 85% by comparing plans
    Save up to 85%# by comparing plans
  • 20+ Insurers to choose from
    17+ Insurers to choose from
  • 1.2 Crore+ Bike Insured
    1.2 Crore+ Bike Insured
Two Wheeler Top Fold Kapil Sharma Image
No paperwork required! Renew insurance in 60 seconds^

Plans starting at only @ ₹1.3/day*

View Prices
Processing
Bought a new bike?

Having a valid motor insurance policy is compulsory as per laws and is as essential as wearing helmets and carrying required vehicle documents. But the percentage of riders who have followed the law beyond first year of policy is very small. 

Defaulters have charged penalty for the protection against natural and manmade calamities, any damage to vehicle in transit by air, road, rail or inland waterway. There is also an option to cover passengers/pillion riders. In addition, it also covers legal liabilities due to third-party’s injury/death or damage to property.

Kurian said that they will take up this issue with dealers and engage insurer companies at corporate level on what could be done. Inauguration of the company’s 18th dealership is done by the Managing Director, Masaki Asano on Thursday at Chakai. The company proposed to enlarge network further in Kerela according to him.

Tier 2 and Tier 3 cities have a growing demand for two wheelers. Yamaha is having 110 dealership networks in South India alone and it proposes for the addition of another 20 by the end of this year.

Asano said that because South is a crucial market, the company has chosen to launch its first scooter, Ray, in Hyderabad. Moreover, the company has claimed a market share of 11% in Kerela where women and youth drive the market according to Kurian. Inspite of a lethargic market, the company has clocked an average growth of 30% at national level in sales in the last six months.

According to a spokesman, Yamaha invested Rs 1,500 crore for setting up its third facility in India. With an initial annual capacity of four lakh units, production will start by 2014 at the new plant near Chennai. This capacity will be extended to 18 lack units by 2018. It’s an addition to the investment of Rs 750 crore in existing facilities in Surajpur for product development, network expansion and capacity expansion.

new-compare-save-upto-85-on-bike-insurance-mobile
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
new-bike-insurance-1-3-rs

Two Wheeler insurance articles

Recent Articles
Popular Articles
Comprehensive Bike Insurance vs Third-Party Bike Insurance: A Detailed Comparison

09 Jul 2025

You must have the right bike insurance policy to protect your
Read more
How Bike Insurance Add-Ons Can Help You Save on Major Repair Bills?

04 Jul 2025

A standard or comprehensive bike insurance policy provides a
Read more
Is Roadside Assistance Add-On Really Useful for Indian Riders?

02 Jul 2025

The joy of bike riding comes with unforeseen troubles like flat
Read more
Two-Wheeler Anti-Theft Tips When You Leave For a Vacation

27 Jun 2025

Going on a vacation with your loved one is exciting, but leaving
Read more
Zero Dep vs. Engine Protection Cover: Choosing Your Bike Insurance Add-on

24 Jun 2025

Choosing the right bike insurance add-ons saves you from
Read more
Three Easy Ways to Check Bike Insurance Expiry Date Online
In India, you must have a valid bike insurance policy for your two-wheeler and renew it before its expiry. In case
Read more
How to Get Bike Insurance Details by Vehicle Registration Number?
In India, as per the Insurance Regulatory and Development Authority of India (IRDAI), all bike owners must hold at
Read more
Get Your Vehicle Fitness Certificate from RTO
The Fitness Certificate (FC) of a vehicle is an official document that certifies the vehicle is fit enough to run
Read more
Check Vehicle Owner Details by Registration Number
Vehicle owner details can come in handy in various situations, such as road accidents, cases of reckless driving
Read more
How to Check Bike Insurance Status Online via VAHAN Sewa & RTO?
Have you ever wondered what will happen if your bike insurance policy expires? Riding your uninsured bike in India
Read more

^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 is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the 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 complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in