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SYM Bike Insurance
SYM is one of the world's leading names in the motorcycle manufacturing industry. A Taiwan-based company, SYM produces scooters and small to mid-sized motorcycles, focusing on commuter-style bikes that balance style, durability and performance. You must secure your high-performance SYM bikes under the comprehensive protection of SYM insurance which offers protection against third-party damages, personal accidents, natural calamity damages and others.
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1.2 Crore+ Bike Insured
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About SYM Bikes
Sanyang Motors, branded as 'SYM Motors', is a Taiwanese automotive manufacturing giant, ranking 10th worldwide. Beginning operations in 1954 as Sanyang Electrics, it initially produced dynamoelectric light set bicycles. In 1961, it restructured as Sanyang Industry Co. Ltd and rebranded to Sanyang Motor Co. Ltd in 2015. SYM's diverse production lineup spans 50cc to 500cc models, including the Symphony, Fugue, ADX 300, CRUiSYM, MAXSYM GT, JET14 EVO, MMBCU, ADX 125, JOYRIDE 300, and JET X.
Popular SYM Bikes with Bike Insurance Price
| SYM Bike Models | Zero Dep Cover * (Add-on Cover) | Estimated SYM Bike Insurance Price (1+5) Bundle Policy |
| SYM Mio STD (100 cc) | NIL | ₹ 3,952 |
| SYM Mio STD (50 cc) | ₹ 618 | ₹ 3,002 |
*Disclaimer: The insurance premium for SYM two-wheelers is determined by various factors such as registration year, location, add-ons, make, model, brand, ex-showroom price, IDV, and more. Premiums may differ between insurers.
SYM Bike Insurance Calculator
SYM bike insurance premium calculator tool allows you to calculate the estimated premium amount for your SYM bike conveniently. You can access the online free bike insurance premium calculator tool on Policybazaar.com to get premium estimates for your motorcycle instantly. Just provide the following details and get results in minutes:
- Make, Model, Specification
- Ex-showroom price
- Registration year and RTO location
- Previous claim history (if any)
Coverage Under SYM Insurance
- Inclusions
- Exclusions
SYM bike insurance provides coverages for a variety of damages:
- Protects against any damages or injury caused to third parties, vehicles or property in an accident involving the insured SYM motorcycle.
- Protects against damages caused by human actions like riots, vandalism or strikes.
- The insured SYM bike remains secured against the damages sustained from natural events like floods, landslides, earthquakes, storms and others.
- Covers the insured bike against the damages or losses due to road collisions or other accidents.
- The policy provides in cases of complete or partial loss of your bike due to theft or burglary.
- The SYM bike remains shielded against the damages and losses undergone in events of fire, both natural and man-made.
SYM bike insurance holds exclusions under the following circumstances:
- Claims will be nullified for damages caused to the insured bike by negligence, intentional harm or incidents of civil unrest.
- The policy becomes void if the driver or the rider gets into an accident while driving under the influence of substance abuse (drugs, alcohol or others).
- Regular wear and tear or mechanical breakdowns due to usage and age of the insured bike are not covered.
- Claims will be denied if the claimant fails to produce crucial documents like driver's license (DL), registration certificate (RC), insurance policy papers and pollution certificate (PUCC).
- If the policy expires, claims cannot be processed.
- The damages incurred to the insured bike or any third-party damages while riding outside the geographical location specified in the policy agreement are not covered.
*Disclaimer: Review the policy's terms and conditions to understand its full coverage and exclusions. Coverage may vary based on your chosen plan.
How to Buy/Renew SYM Insurance Online?
Whether it is a new SYM bike or an existing one, streamline your policy purchase/renewal journey through Policybazaar.com:
Step 1: Access Policybazaar Insurance Brokers Private Limited's official website and choose the 'Bike Insurance' option under the 'Insurance Products' section.
Step 2: To renew any existing SYM insurance policy, you only need to enter your vehicle's registration number in the generated box. If you want to purchase insurance for a new bike, select 'Bought New Bike' and proceed.
Step 3: Carefully fill in the details in the form and cross-check before submitting.
Step 4: The next page showcases multiple insurance quotes from reputed providers. Select the one that fits your requirements and financial projection.
Step 5: Select the coverage you are looking for, whether it is a third-party cover or a comprehensive protection. You can also select add-ons/riders for a more extended coverage.
Step 6: Pay the premium through any of the secure payment gateways. Once your payment is received and processed, your SYM insurance policy documents are mailed to your registered email ID.
SYM Bike Insurance Add-ons
Additional riders/add-ons enhance your basic SYM insurance policy and you can enjoy more extended protection for your vehicle. You can select from the following popular options:
- Zero Depreciation Cover
- NCB Protection Cover
- Return-to-Invoice (RTI) Cover
- 24x7 Roadside Assistance Add-on
- Consumable Cover
- Engine Safe Cover
- Personal Accident Cover
Add-ons for your two wheeler insurance
How to Claim SYM Insurance Online?
Follow these steps to easily file claims and accelerate the process:
Step 1: Contact your insurance provider immediately after the insured vehicle sustained any damages or was involved in a third-party accident.
Step 2: An assessor will be appointed to inspect the damages and assess the claim.
Step 3: The assessor will prepare a detailed report and submit it to the insurance provider.
Step 4: Keep handy the necessary documents including ID proof, claim form, license and vehicle registration documents policy information for verification.
Step 5: Take your bike to the network garage for cashless repair services where the insurance provider will settle the bill directly with the garage.
Step 6: If you choose non-network garages, you will need to submit the invoice of the repair to your insurance provider and they will reimburse the cost.
Documents Needed to File SYM Insurance Claims
To file a claim for SYM insurance keep the following documents ready:
- Completed and signed claim form
- Insurance policy documents
- Registration Certificate (RC) of bike
- Valid Driving License (DL)
- FIR or Police Report (if applicable)
- Estimated Repair Cost
- Invoice of Repair (in case already repaired)
- Photographs showcasing the extent of damages
SYM Insurance FAQs
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Q1. What is the cost of two-wheeler SYM insurance for one year?
Ans: You generally get third-party coverage for one year. The cost of SYM bike insurance depends on the cc (cubic capacity) of the bike. -
Q2. Which type of insurance provides full coverage for a bike?
Ans: Comprehensive bike insurance policy provides full protection for your bike, covering losses from third-party, accidents, theft, own-damage, fire and natural calamities. -
Q3. What are the three types of insurance for two-wheelers?
Ans: Third-party bike insurance cover, comprehensive two-wheeler insurance and own-damage bike insurance cover are the three common types of bike insurance. -
Q4. What is zero depreciation cover under SYM insurance?
Ans: A zero-depreciation cover is an add-on protection where you won't need to pay for depreciation or a reduction in the value of your vehicle when you make any claims.
Written By: PolicyBazaar
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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
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^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
