Yamaha R15 V4 Insurance
The Yamaha R15 V4 is a sports bike with an aggressive look, equipped with a 155cc engine. It has advanced features like a quick shifter, traction control, and USD forks. If you are a bike enthusiast and planning to get this bike, make sure you sign up for the right bike insurance policy to get financial protection from unexpected events like accidents and theft of the vehicle. Read the information below to get more details about the Yamaha R15 V4 bike insurance price, add-ons and coverage.
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Save up to 85%# by comparing plans
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Plans starting
₹1.3/day*Popular Yamaha R15 V4 Variants with Insurance Premium
Choosing a bike insurance policy for your Yamaha R15 V4 can be a tough decision. To get a clear picture of the insurance costs for different variants, check out the detailed table below.
Yamaha R15 V4 Variants |
Zero Dep Cover Price (Add-on Cover) | Estimated Yamaha R15 V4 Bike Insurance Price Bundle Policy |
V4 (155cc) | 240 | 7634 |
V4 M (155cc) | 240 | 7634 |
V4 Motogp Edition (155cc) | 240 | 7634 |
V4 Racing Blue (155cc) | 240 | 7634 |
V4 Dark Knight
(155cc) |
240 | 7634 |
*Disclaimer: This table is for reference purposes only. The premiums mentioned above are calculated by using a bike insurance premium calculator fromPolicybazaar.com. Bike insurance premiums are calculated based on factors such as the year of registration, IDV, and registration location.
Reasons to Buy Yamaha R15 V4 Insurance Online from Policybazaar.com
Yamaha R15 V4 owners can buy their bike insurance online from Policybazaar.com's official website. Here are some reasons why this is a beneficial option:
- Quick Comparison of Multiple Insurers
Policybazaar.com lets you compare plans from top insurers side-by-side within seconds. This ensures you choose the most cost-effective and feature-rich policy for your Yamaha R15 V4. - Instant Policy Issuance
Once you select your preferred plan, the policy is issued online instantly without paperwork. It's fast, secure, and convenient, saving you time and effort. - Customised Add-on Covers
You can personalise your policy with useful add-ons like zero depreciation cover, engine protection cover, and roadside assistance cover. These enhance coverage specifically for a high-performance bike like the R15 V4. - Transparent Premium Calculator
Policybazaar.com's online premium calculator shows real-time quotes with no hidden charges. You can adjust your IDV, deductibles, and add-ons to find a premium that suits your budget. - Timely Renewal Reminders
Policybazaar.com sends automated reminders before your Yamaha R15 V4 insurance expires. This helps you renew on time and avoid policy lapses or penalties.
Coverage Under Yamaha R15 V4 Insurance
- Inclusions
- Exclusions
A standard Keeway V302C bike insurance policy covers the following risks:
- Accidental damage coverage
- Theft or total loss protection
- Third-party liability coverage
- Natural calamities and fire damage
- Man-made disasters
- Regular wear and tear
- Mechanical or electrical breakdown
- Riding without a valid licence
- Driving under the influence of alcohol or drugs
- Using the bike for illegal or commercial purposes
*Disclaimer: The inclusions and exclusions of a bike insurance policy may vary from one insurance provider to another.
Yamaha R15 V4 Insurance Add-ons
Some popular add-on covers that Yamaha R15 V4 rider-owners prefer to include in their bike insurance policy are:
- Roadside Assistance Cover
Offers emergency services such as towing, battery jump-start, fuel delivery, and minor on-spot repairs. It ensures you're never stranded with your Yamaha R15 V4 in case of a sudden breakdown. - Return to Invoice Cover
In case of total loss or theft, this add-on reimburses the on-road price of the bike instead of the depreciated IDV. It bridges the gap between your original invoice value and the insurance payout. - Consumables Cover
Covers the cost of consumable items like engine oil, nuts, bolts, grease, and coolant during repairs after an accident. Normally excluded from standard policies, this add-on is beneficial for maintaining your R15 V4's performance post-accident. - Zero Depreciation Cover
This add-on ensures you get the full claim amount without any deduction for depreciation on bike parts. - Engine Protection Cover
It covers repair or replacement costs of the engine, gearbox, and internal parts due to water ingress or oil leakage.
How to Buy or Renew Your Yamaha R15 V4 Insurance Online?
To buy or renew your Yamaha R15 V4 bike insurance on Policybazaar.com's website, follow the steps listed below:
- Open Policybazaar.com's official website from your browser.
- Navigate to the 'Two-Wheeler Insurance' section on the homepage.
- Enter your bike number and click 'View Prices'.
- If you have a new bike, select 'Brand New Bike'.
- Enter details such as manufacturer, model, RTO, variant and city.
- Different bike insurance policies from various insurance providers will be displayed.
- Compare insurance premiums and benefits from different insurance providers.
- Select a policy and include the add-on covers that you want.
- Make the payment online and receive your Yamaha R15 V4 insurance policy documents in your email.
How to Claim Yamaha R15 V4 Insurance Online
Policyholders can make an insurance claim on their Yamaha R15 V4 motorbike by following the steps listed below.
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For Cashless Claims
- In case of an accident or the theft of the motorbike, notify the insurance company immediately.
- To register your claim, you need to provide essential details such as your two-wheeler insurance policy number, vehicle information, FIR, etc.
- A surveyor may be appointed by the insurance provider to inspect the damage to the vehicle (in case of an accident).
- Essential documents that need to be submitted along with the claim form are copies of your insurance policy documents, the vehicle's RC and the rider-owner's DL.
- After the surveyor's inspection, the insured motorbike can be sent for repairs to any garage that is approved by the insurance provider.
- The repair costs of the insured motorbike will be settled by the insurance provider.
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For Reimbursement Claim
- Inform your insurance provider and register a claim immediately after the incident.
- Take your motorbike to any garage of your choice to get it repaired and pay the repair bill.
- Upload essential documents along with the repair bill for processing your reimbursement claim.
- After your claim is approved, you will receive the reimbursement amount in your bank account.
Documents Required for Yamaha R15 V4 Insurance Claims
Some standard documents that need to be submitted along with a duly signed and filled claim form are:
- A copy of the bike insurance policy documents.
- The insured vehicle's registration certificate (RC) and the owner-rider's driving licence.
- FIR copy (accident or theft).
- Garage repair estimate (for reimbursement claims).
- The original payment receipt and repair invoice.
- Pictures of the car that was damaged.
- Government-issued identification documents (PAN or Aadhar cards).
- Bank account information (for reimbursement claims).
Additional Documents Required for Yamaha R15 V4 Theft Claims
A few extra documents that need to be submitted for raising a theft claim are:
- Duly filled and signed claim form.
- The insured bike's original keys.
- The driver-owner's licence.
- RC of the insured bike.
- Copies of the police's non-traceable report and FIR.
- RTO transfer documents.
FAQs - Yamaha R15 V4 Insurance
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Q. Is bike insurance a mandatory requirement in India?
Ans: Yes, bike insurance is a mandatory requirement in India. All two-wheelers plying on Indian roads must have a valid bike insurance policy as per the Motor Vehicle Act of 2019 regulations. Bike owners who do not comply with this rule may face a penalty of ₹2000. -
Q. Can I switch my Yamaha R15 V4 insurance policy from one insurance provider to another?
Ans: Yes, you can switch from one insurance provider to another at the time of renewal. Some bike owners also choose to cancel their existing insurance policy and sign up for a new one with another insurance provider. -
Q. Is it mandatory to select add-on covers for my Yamaha R15 V4 insurance policy?
Ans: As per the Motor Vehicle Act 2019, all two-wheeler owners must sign up for personal accident (PA) cover, which offers financial coverage of up to ₹15 lakh. -
Q. What happens if I forget to renew my Yamaha R15 V4 insurance policy?
Ans: IYour Yamaha R15 V4 insurance policy will lapse, and you will no longer be covered if you do not renew it. Additionally, a bike insurance policy that has expired will result in traffic fines.