Bajaj Pulsar P150 Insurance

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Bajaj Pulsar P150 Insurance

Bajaj Auto is one of the world’s most popular automobile manufacturing companies. It is the world’s third-largest and India’s second-largest two-wheeler manufacturer. In terms of market capitalization, it is also considered one of the most valuable two-wheeler manufacturing companies. Bajaj Pulsar is one of the most popular and highest-selling motorbike series from Bajaj Auto. Bajaj Pulsar P150 is one of the most stylish and powerful bikes in this series.

Apart from a fabulous design and a power-packed engine, Bajaj Pulsar P150 comes with several best-in-class features. The bike has superb control and it can provide excellent fuel efficiency. But before you enjoy pleasurable rides on this bike, you must procure a two-wheeler insurance policy. Insurance for a two-wheeler protects you from incurring unforeseen expenses in the wake of an accident or mishap.

At Tata AIG, we offer the following types of two-wheeler insurance plans for your Bajaj Pulsar P150 bike:

  • Standalone third-party two-wheeler insurance

  • Comprehensive two-wheeler insurance

  • Standalone Own Damage (OD) cover two-wheeler insurance

You can choose an appropriate insurance type as per your requirements. Our comprehensive Bajaj bike insurance policy will protect your bike against all kinds of losses and damages, including unforeseen third-party liabilities and own damages sustained by your bike during an accident. You can purchase your Tata AIG Bajaj Pulsar P150 insurance policy online and pay the premium using your credit card, debit card, net banking, UPI, or any other digital payment method. If you want to know your premium amount in advance, use our bike insurance calculator.

Purchase or Renewal of Bajaj Pulsar P150 Insurance Online

A valid two-wheeler insurance policy is mandatory to ride a bike or scooter in India. Being a proud owner of Bajaj Pulsar P150, it becomes your responsibility to renew your Bajaj Pulsar P150 insurance policy before its expiry date. If you are purchasing a new bike or if your Bajaj two-wheeler insurance policy has already expired, you can purchase a fresh Pulsar P150 bike insurance policy.

With Tata AIG, you can buy or renew your Bajaj Pulsar P150 bike insurance policy in the most hassle-free manner, thanks to our 100% digital process. We allow Bajaj bike insurance renewal within two minutes from the convenience of your home or office. Below are the steps that you can follow to buy or renew your Bajaj bike insurance online from Tata AIG**

Step 1 Visit the “Bike Insurance” page on our website. Then, enter the complete registration number of your bike.

Step 2 After entering your bike’s registration number, you will need to click on the “Get Price” button if you are looking to purchase a fresh two-wheeler insurance policy for your Bajaj Pulsar P150. Or else, if you are looking for a Bajaj Pulsar P150 insurance renewal, you can click on the “Renew” button.

Step 3 Fill up an online form to complete the purchase of your Bajaj Pulsar P150 insurance policy. You will need to enter some basic details of yours and your bike, including registration year, residential address, etc. Ensure that every piece of information you enter is correct and accurate.

Step 4 Enter the Insured Declared Value (IDV) for your bike. This step is compulsory if you buy a comprehensive Bajaj two-wheeler insurance policy. IDV is calculated based on the manufacturer’s selling price and depreciation. It represents the current market value of your bike. You can choose an appropriate IDV for your Bajaj bike insurance policy from the drop-down menu.

Step 5 Mention if you have made a claim on your Pulsar P150 bike insurance policy in the last year. If you haven’t raised any claim on your policy in the last year, you will become eligible to receive a No Claim Bonus (NCB) from us.

Step 6 Select the add-on covers you want to attach to your base Bajaj Pulsar P150 insurance policy. These add-ons are used to enhance the coverage of your two-wheeler insurance policy at a nominal addition to your premium amount. It would be best if you choose your add-ons wisely.

Step 7 Click the “Submit” button to know your Bajaj Pulsar P150 insurance premium. We will display your policy’s IDV amount and the premium amount on your screen. If you are satisfied with the given quote, you can proceed with the chosen plan and go ahead to pay the premium amount online using your credit card, debit card, net banking, UPI, or any other available digital payment method.

Step 8 Once we receive your premium payment, we will issue your Bajaj Pulsar P150 insurance policy instantly. You will receive your policy documents and other details on your registered e-mail address and WhatsApp number.

Bajaj Pulsar P150 Insurance Price – Your Premium Amount

It’s prudent to check the premium amount before buying your Bajaj two-wheeler insurance policy. You should always look for a policy that provides maximum benefits at the lowest possible cost. The premium that you will need to pay for your Bajaj Pulsar P150 insurance policy will depend on several factors, including:

  • Type of policy chosen by you

  • Manufacturing year of your bike

  • Variant

  • Insured Declared Value

  • No Claim Bonus discount

  • City of registration

  • Safety devices installed on the bike

  • Add-on covers chosen by you

You can use our bike insurance calculator to determine your Bajaj Pulsar P150 insurance price in advance. If you want to change your premium amount, you can customise your policy, and we will adjust the premium amount accordingly. For example, you can decrease your bike’s IDV to reduce your two-wheeler insurance premium.

What is Covered and Not Covered Under Tata AIG’s Bajaj Pulsar P150 Insurance?

The coverage offered by every policy is different. That is why you must check the exclusions and inclusions of a two-wheeler insurance policy before paying the premium. This will help you avoid any hassles at the time of claim and reduce the chances of claim rejection by your insurance provider. Below are the things that are covered and not covered under Tata AIG’s Bajaj Pulsar P150 bike insurance policy:

Things COVERED under Tata AIG's Bajaj Pulsar P150 Bike Insurance Things NOT-COVERED under Tata AIG's Bajaj Pulsar P150 Bike Insurance
We will cover the damages and loss to your bike caused due to natural or man-made calamities, including fire, theft, collision, earthquake, flood, storm, lightning, etc. Regular wear and tear of your bike or damage to its parts due to age or mechanical/electrical breakdown of the bike.
In the case of theft or total damage to your Bajaj Pulsar P150 bike, we will reimburse you for the bike's current market value or IDV. We won’t cover the damages caused to your bike while it was being used outside the country's geographical boundaries.
We will cover the losses resulting from third-party liabilities arising due to property damage or bodily injuries inflicted on an unknown third party. No coverage will be provided if the bike is used for racing, speed, reliability trials, etc.
A Personal Accident Cover of ₹15 lakhs is offered to the vehicle owner. We will reimburse the medical expenses arising from the injuries caused in an accident. Moreover, in the case of the death of the owner-rider due to an accident, the appointed beneficiary will get the death benefit. We will not provide any coverage if the rider was not following the rules while riding. For example, if the rider is riding without a valid driving licence or helmet or under the influence of intoxicants and narcotics.
We will cover the damages caused to your bike while it was in transit by road, waterways, air, railways, etc. We will not cover the damages if you’ve used your private bike for commercial purposes.

Add-on Bajaj Pulsar P150 Insurance Covers That You Should Consider

A comprehensive Bajaj Pulsar P150 Insurance protects your bike against several damages. However, some risks are still excluded from the policy coverage; for example, damage to your bike’s engine, losses arising due to depreciation in its value, etc. To include these risks in the scope of coverage of your policy, you can attach bike insurance add-ons or riders to your Bajaj Pulsar P150 bike insurance policy.

At Tata AIG, we offer the following seven two-wheeler insurance riders:

Depreciation Allowance

Typically, when you file a two-wheeler insurance claim, the insurance provider deducts the depreciation amount while settling your claim. By attaching a depreciation allowance rider to your base policy, you can avoid losses due to depreciation in your bike’s value.

Return-to-invoice Cover

This add-on will help you receive the invoice value of your bike as reimbursement from the insurer provider in the case of a total loss or theft of your bike.

Emergency Medical Expenses Cover

An emergency medical expenses coverage can help you get reimbursement for hospital expenses, and ambulance costs that you may incur during an emergency or an unfortunate accident.

Personal Accident Cover

You can attach an additional personal accident cover of Rs. 15 lakhs to your two-wheeler insurance policy. This cover provides coverage against unfortunate accidents and resulting injuries.

Third-party property damage cover

Although your base policy covers third-party liabilities, you can attach an additional third-party property damage cover to enhance the coverage.

Consumable expenses

Standard two-wheeler insurance plans do not cover the cost of replacing consumable items. However, you can attach consumable expenses cover to include these expenses to your policy.

Roadside Assistance Cover

This cover will help you get immediate assistance if your bike breaks down in the middle of a trip.

Why should you buy Bajaj Pulsar P150 Insurance from Tata AIG?

It’s best to compare various insurance companies while buying your Bajaj Pulsar P150 insurance policy. This will help you get the best possible coverage at the lowest price. Below are a few reasons to choose Tata AIG as your Pulsar P150 bike insurance provider:

Quick and hassle-free process

With Tata AIG, you can purchase or renew your Bajaj bike insurance online through a quick and hassle-free process. You can simply visit our website and fill up an online bike insurance renewal form by entering a few basic details, including your bike’s registration number, name, address, contact details, etc.

High claim-settlement process

We ensure a hassle-free claim settlement for all our customers. You can simply raise a claim on your two-wheeler insurance policy online by visiting our website. Our 650 claim settlement experts are there to help you at every step of the claim settlement process. Our claim settlement ratio of 98% is a testimony to our efforts.

Large network of garages

We offer a cashless repair facility at more than 5,000 network garages all across India. If your bike gets damaged during an accident, you can take it to any of these garages and get it repaired without paying anything out of your pocket.

Topmost customer support

We have always put the priority of our customers at the forefront. You can reach out to us anytime by calling our customer care helpline at 1800-266-7780, visiting our website, or dropping in at your nearest Tata AIG branch. We have served more than five crores of happy customers till now.

Bajaj Pulsar P150 – A Brief Overview

Bajaj Pulsar is one of the best-selling motorbike series in India. Bajaj Pulsar P150 is known for its performance, comfort, and style. Technologies like ExhausTec and DTS-I ensure adequate torque and power for superior performance on the road. In addition, 17-inch alloy wheels and smooth suspension contribute to a very comfortable riding experience for riders. The bike is equipped with dual disc brakes and a beam headlight to ensure optimum road safety.

The engine of this bike has a capacity of 149cc and can deliver a maximum power of 14 BHP and a maximum torque of 13.4 Nm. The on-road price of Bajaj Pulsar P150 starts from ₹ 1.41 lakhs, and it comes in two variants and three attractive colour options.

Bajaj Pulsar P150 Price and Variants

Bajaj Pulsar P150 is available in the following two variants in India:

  • Pulsar P150 Single Disc

  • Pulsar P150 Dual Disc

The table below depicts the ex-showroom prices for these variants:

Bajaj Pulsar P150 Unique Selling Points

Bajaj Pulsar P150 is among the best-selling bikes in India. Below are a few Unique Selling Points (USPs) of this bike:

  • With a twin-spark DTS-I engine that can deliver up to 14 PS power, the bike can deliver a power-packed performance

  • Special dagger-edge design contributes to superficial road presence

  • Adequate safety features with dual-channel ABS, disc brakes, and beam headlight

  • Adjustable Nitrox rear suspension for a comfortable riding experience

  • 1320-mm wheelbase and tubeless tyres ensure optimum stability

Rivals of Bajaj Pulsar P150

Although Bajaj Pulsar P150 is quite unmatchable in terms of performance and design in its segment, it has several rivals as it belongs to the highly popular 150-cc bike segment. Below are the top rivals of Bajaj Pulsar P150:

  • Hero Xtreme 160R

  • Honda X-Blade

  • Hero XPulse

  • Suzuki Gixxer

  • Honda Hornet

  • Yamaha FZ

  • TVS Apache 160

Disclaimer / TnC

Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.

Related Articles

1. How much does Pulsar AS 150 bike insurance cost?

1. How much does Pulsar AS 150 bike insurance cost?


The Insured Declared Value of a two-wheeler is the most critical element insurers use in determining the final rate of a bike insurance policy. Contact your nearest local dealership or use Tata AIG's free and quick online two-wheeler insurance calculator to get the IDV of your Pulsar AS 150.

2. Is there a limit on how many add-ons an individual can buy?


No, the number of add-ons that may be purchased with a bike insurance plan is not limited. With your insurance, you may include as many add-ons as you like.

3. What coverage options are available under Tata AIG's Bajaj Pulsar AS 150 insurance online policy?


The policy offers coverage options such as third-party liability, own damage, and personal accident coverage. Additional coverage options, such as zero depreciation and roadside assistance, may also be available.

4. Even though my Bajaj bike is covered by third-party insurance, why should I purchase a comprehensive two-wheeler insurance plan?


The 1988 Motor Vehicles Act requires third-party bike insurance. This method guards against all responsibilities owed to other parties. The insurance company will cover any damage to the property or people of a third party. Because third-party liability insurance only protects third parties, the rates are lower.

On the other hand, comprehensive bike insurance protection helps prevent damage to your Bajaj Pulsar bike. In the event of third-party responsibilities, natural disasters, theft, etc., it financially protects your bike. The Bajaj bike insurance rate is a little more expensive than third-party insurance. Still, you get a lot for your money.

5. If I get Bajaj bike insurance through Tata AIG, will I get alerts about insurance policy renewals?


Yes, you will get a reminder via email or SMS to renew your Bajaj insurance policy on time if you purchase or renew Bajaj Pulsar bike insurance from Tata AIG.

How can I raise a claim on my Bajaj Pulsar P150 insurance policy?


With Tata AIG, you can raise a claim on your Bajaj bike insurance policy in the following steps: Go to the “Claims” section on our website. Fill out an online claim form by entering your registered mobile number and other details. Coordinate with the surveyor appointed by us for your claim. Take your bike to the nearest network garage for cashless repair.

How to renew my Bajaj Pulsar P150 insurance policy?


You can renew your Bajaj pulsar P150 insurance online in the following steps: Go to the ‘Bike Insurance’ Page on our official website. Enter your bike’s registration number and click on the “Renew” button. Enter additional details such as IDV, NCB, and others. Pay the premium using any of the available online payment options.

Why should I buy Bajaj Pulsar P150 insurance online?


There are several benefits of buying Bajaj Pulsar P150 insurance online, such as: You will get your policy instantly You can pay your premium online through your debit card or UPI You can know the premium amount before buying You will get a discount on your premium amount You can compare various options and purchase the best one You can renew or purchase your policy anytime and from anywhere

What are the factors that can affect my Bajaj Pulsar P150 insurance renewal?


The following factors can impact the cost of your Bajaj Pulsar P150 insurance renewal: Age of your bike Variant IDV amount City of registration Add-ons selected Mode of renewal

What is the No Claim Bonus discount?


At Tata AIG, we provide a No Claim Bonus discount on two-wheeler insurance to eligible customers. This discount is provided to customers who haven’t made a claim on their existing policy in the last year. You can reduce your premium amount by up to 50% by availing of our NCB discount while renewing your Bajaj Pulsar P150 bike insurance policy.

What may happen if my policy expires?


It is mandatory to have a valid two-wheeler insurance policy to ride a two-wheeler in India. Riding with an expired policy may attract a penalty of up to Rs. 2000 or imprisonment of up to three months or both. That is why you must renew your Bajaj Pulsar P150 insurance policy before its expiry date.

How can I reduce my Bajaj Pulsar P150 insurance premium?


Here are a few tips that can help you reduce your Bajaj Pulsar P150 insurance premium: Choose a higher voluntary deductible Avoid small claims and keep your No Claim Bonus intact Install safety devices like CCTV devices in parking areas Avoid excessive modifications on your bike Become a Member of Authorised Riding Groups Calculate the estimated premium before buying

What are network garages?


We have a tie-up with several garages where you can get your bike repaired without paying anything out of your pocket. We will settle the bills directly with the garage owner. These garages are known as network garages. We have more than 5,000 network garages across the country.

What are the documents required for raising a Bajaj Pulsar P150 bike insurance claim?


You are required to submit the following documents to raise a claim on your Bajaj P150 bike insurance claim: Original copy of your Pulsar P150 bike insurance policy Driving licence Duly-signed claim request form Your bike’s registration certificate Original repair invoices (for reimbursement claims) FIR copy (in the case of bike theft)

How can I attach add-ons to my policy?


You can attach the add-ons to your base policy while purchasing or renewing it. All you need to do is select the required add-ons before paying the premium amount. Your premium will automatically get adjusted.

Variant Ex-showroom Price (New Delhi)
Pulsar P150 Single Disc ₹1.41 lakhs
Pulsar P150 Dual Disc ₹1.44 lakhs