Buy/Renew Mahindra Bolero Pik-Up Insurance

Read on to know the process, premium and coverage for Mahindra Bolero Pik-up car insurance.
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Buy/Renew Mahindra Bolero Pik-Up Insurance
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3 min
22 December 2023

The Mahindra Bolero Pik-up is one of the most popular commercial vehicles in India. It is known for its rugged build, large loading capacity, and powerful engine. The vehicle is widely used for transporting goods across different terrains and long distances. However, owning a vehicle like the Mahindra Bolero Pik-up comes with certain risks. That's why it is crucial to have a comprehensive insurance policy that covers all possible risks and damages.

In this article, we will discuss the Mahindra Bolero Pik-up insurance price, types of policies, inclusions, exclusions, and the claim procedure for the Mahindra Bolero Pik-up.

What is Mahindra Bolero Pik-up insurance?

Mahindra Bolero Pik-up insurance is a mandatory requirement for all commercial vehicles in India. It not only secures the vehicle but also provides coverage for damages or losses caused by accidents, natural calamities, theft, fire, and other unforeseen events. With the increasing number of accidents on Indian roads, it is crucial to have a comprehensive insurance policy that covers all possible risks associated with the vehicle.

Mahindra Bolero Pik-up Extra Long variants with insurance premium price

The insurance premium for Mahindra Bolero Pik-up Extra Long variants depends on various factors, including the model year, location, and the specific insurance plan chosen. It's important to note that these prices are indicative and subject to change based on the insurance provider and prevailing market conditions.

Reasons to buy Mahindra Bolero Pik-p insurance policy

There are several reasons why it is crucial to have a Mahindra Bolero Pik-up insurance policy. Some of the reasons include:

  • Legal requirement: In accordance with the Motor Vehicles Act, it is mandatory to have third-party insurance for every vehicle plying on Indian roads. Buying insurance for your Mahindra Bolero Pik-up ensures compliance with legal requirements.
  • Financial protection: Comprehensive insurance coverage provides financial protection against unforeseen events such as accidents, theft, or natural disasters. It helps in covering repair or replacement costs, reducing the financial burden on the vehicle owner.
  • Personal accident coverage: Mahindra Bolero Pik-up insurance often includes personal accident insurance, providing financial support in case of injuries or fatalities resulting from accidents.
  • Peace of mind: Having insurance for your Bolero Pik-up offers peace of mind. Knowing that you are financially protected against unexpected events allows you to enjoy your vehicle without constant worry.

Types of Mahindra Bolero Pik-up insurance policy

There are two types of Mahindra Bolero Pik-up insurance policies:

  • Third-party insurance: A third-party insurance is a mandatory requirement for all commercial vehicles in India. It covers damages or losses caused by the vehicle to a third party, including property damage or bodily injury.
  • Comprehensive insurance: A comprehensive insurance policy covers damages or losses caused by the vehicle to a third party as well as damages or losses to the vehicle due to accidents, natural disasters, theft, fire, and other unforeseen events.

How to buy Mahindra Bolero Pik-up insurance online

One can easily buy Mahindra Bolero Pik-up insurance online. Multiple online platforms provide motor insurance policies. One such platform is the Bajaj Finance Insurance Mall. You can buy a policy using the steps given below:

  • Step 1: Click on ‘Get Quote’ at the top of this page.
  • Step 2: Fill in the vehicle type, registration number, mobile number, and residential PIN code.
  • Step 3: Select IDV, NCB value, optional add-ons, and plan type. Update the expiry date of the current car insurance policy.
  • Step 4: Click 'Buy Now.' Add owner-driver personal accident cover as mandated by the RTO. Click 'Next' to proceed.
  • Step 5: Confirm vehicle registration date and previous policy type (Comprehensive/third-party). Click 'Proceed' to complete the online purchase.
  • Step 6: Enter the vehicle owner’s name, date of birth, residential address, and contact number. Include vehicle engine and chassis numbers, as per the RC. Provide details of the previous four-wheeler insurance policy.
  • Step 7: Review all entered details. Choose your preferred online payment mode (Net banking, UPI, credit/debit card) to complete the purchase.

How to renew car insurance policy online?

Given below are the steps to renew your car insurance policy on the Bajaj Finance Insurance Mall:

  • Step 1: Click to select your preferred plan well in advance.
  • Step 2: Enter vehicle details such as type, registration number, mobile number, and residential PIN code.
  • Step 3: Check terms and conditions. Click 'Get Quote' to determine IDV, NCB value, optional add-ons, and plan type.
  • Step 4: Update the expiry date of your current car insurance policy.
  • Step 5: Click 'Buy Now.' Include RTO-mandated owner-driver personal accident cover. Proceed to purchase car insurance online.
  • Step 6: Confirm vehicle registration date and previous policy type (Comprehensive/third-party). Click 'Proceed' to finalise renewal.
  • Step 7: Enter the owner’s name, date of birth, residential address, and contact number. Provide vehicle engine and chassis numbers (as per the RC). Include details of the previous four-wheeler insurance policy.
  • Step 8: Review entered details. Make payment using your preferred online mode (Net banking, UPI, credit/debit card) to complete the renewal process.

Inclusions of Mahindra Bolero Pik-up insurance policy

Here are some of the inclusions of a Mahindra Bolero Pik-up insurance policy:

  • Damage or loss due to accidents, or natural calamities like floods, storms, or earthquakes.
  • Damage or loss due to theft, burglary, or robbery.
  • Damage or loss due to fire, explosion, or self-ignition.
  • Damage or loss due to malicious acts like riots, terrorist activity, or strikes.
  • Third-party liability for property damage or bodily injury.

Also read: Parivahan Sewa

Exclusions of Mahindra Bolero Pik-up insurance policy

Here are some exclusions of a Mahindra Bolero Pik-up insurance policy:

  • Damage or loss due to wear and tear of the vehicle.
  • Damage or loss due to electrical or mechanical breakdown.
  • Damage or loss due to driving under the influence of drugs or alcohol.
  • Damage or loss due to racing or illegal activities.

Buying an insurance policy for your Mahindra Bolero Pik-up is a responsible decision that ensures financial protection and peace of mind. Understanding the insurance prices, coverage options, and the renewal process is crucial for making informed decisions that align with your needs and preferences.

Disclaimer

Insurance is the subject matter of solicitation. *T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.