Benelli TRK 502 Insurance
Benelli TRK 502 Insurance
A perfect blend of classic adventure styling and excellent performance, the Benelli TRK 502 is equipped with a 500cc engine that delivers a power-packed ride. With the upgrade to the BS-6 emission standard, the new TRK 502 now has redesigned seats making your long journey more comfortable and fun. It has seven variants with a starting price of ₹5.49 lakhs.
But are you aware that before taking your Benelli bike out on the road, you must buy at least third-party bike insurance? A third-party bike insurance policy helps compensate for third-party losses and is mandatory in India.
But have you ever wondered about the plethora of risks your bike is prone to? Considering the rising thefts, accidents, natural calamities, etc., buying adequate insurance coverage for your Benelli becomes crucial to ensure its safety.
The three types of bike insurance policies available in India are as follows:
- Third-party bike insurance covers third-party injuries, death or property damage. It is a legal mandate in India.
- Standalone own-damage bike insurance covers the damages of the insured bike caused due to accidents, thefts, natural calamities, man-made disasters, etc. but does not cover third-party liabilities.
- Comprehensive bike insurance is designed to cover third-party losses as well as your own damages from multiple mishaps. This policy is not mandated by law but is an excellent way to remain financially secure against third-party and own damages by paying a single policy premium. It also allows you to add appropriate riders and maximise your bike’s protection.
When buying a bike insurance policy via Tata AIG, you can select from the three bike insurance policies after evaluating your bike’s needs and the various risks it is exposed to. You can also choose suitable add-on covers from the list to get additional coverage for your two-wheeler.
Tata AIG Long-Term Two-Wheeler Insurance
Not renewing your policy on time may lead to higher premiums and loss of your NCB benefit. Also, it will leave your bike uninsured, making it prone to risks. So, Tata AIG offers long-term two-wheeler insurance that extends over two-three years. It helps you avoid the hassle of renewing your policy every year and also the hike in premiums upon renewal.
Benelli TRK 502 Insurance Renewal/Buy via Tata AIG
Benelli two-wheeler insurance renewal or purchase is now easier with our online process. You can get your Benelli bike insurance online within minutes and that too without submitting any physical documents. All you need to do is visit the Tata AIG website and follow the below-mentioned steps:
Go to the Bike Insurance page and enter your Benelli bike registration number
Click on 'Get Price' if you are buying Benelli bike insurance for the first time. If you are already a policyholder and wish for Benelli bike insurance renewal with Tata AIG, click on 'Renew'
Select the appropriate IDV (Insured Declared Value) of your Benelli TRK 502
Note: IDV directly impacts the premium of your Benelli bike insurance. So, choose your bike’s IDV wisely.
Provide your claim history details. If you have raised zero claims in the past, you gain eligibility for the 'No Claim Bonus'.
If you are buying a standalone own damage or comprehensive insurance, you can pick appropriate add-on covers from the list for added security
Note: The add-ons are offered at an additional cost thus increasing the overall Benelli TRK 502 bike insurance cost. So, it is wise to choose only the necessary riders.
The premium amount for your Benelli TRK 502 bike insurance will be displayed after which you can go ahead with the payment
Once payment is made, your TRK502 bike insurance documents will be sent to the registered email address or WhatsApp number.
Benelli TRK 502 Insurance Cost– Your Premium Amount
Third-party bike insurance premiums are based on the guidelines issued by the Insurance Regulatory and Development Authority of India and depend on the two-wheeler’s engine cubic capacity and are revised annually.
On the other hand, prices of standalone own-damage and comprehensive bike insurance are decided by the insurance provider. Now you may wonder how?
The most crucial factor which decides your comprehensive bike insurance premium is your bike’s Insured Declared Value. IDV is the maximum value the insurance company pays you if your bike is lost or damaged beyond repair. It is calculated after considering the bike’s depreciation and other factors such as:
Make and model and the manufacturer of your bike
Accessories included in the bike
Engine cubic capacity of the bike
Type of fuel used and the type of use of your bike
City and date of your bike’s registration
Hence, the prices of your Benelli bike insurance are directly proportional to its IDV. If the IDV is higher, the premiums will also be higher and vice versa. So, inflating the IDV of your bike will lead to higher premiums, while lowering it will result in inadequate compensation at the time of claim settlement. So, choose a reasonable IDV to keep a balance between the insurance price and compensation. Apart from a bike’s IDV, the following factors impact your bike insurance premium:
Bike insurance coverage or type of policy
No Claim Bonus discounts
Addition of add-on covers
Installed safety devices
You can use our online, free-of-cost bike insurance calculator that provides a quick Benelli TRK 502 insurance cost and helps you choose the best policy in your budget.
Add-ons for Benelli TRK 502 Insurance by Tata AIG
Tata AIG provides the following seven add-on covers for your Benelli bike insurance:
Return to invoice cover: A return to invoice cover helps cover the shortfall between your bike’s original price and the amount you are eligible to receive as compensation if it is totally damaged or lost. So, if you raise a bike insurance claim for the complete loss of your bike, the insurance provider does not reimburse you according to the bike’s IDV but the actual purchase price, including the road tax and registration costs.
Emergency medical expense cover: This add-on cover is designed to provide financial relief during accidents. It helps avail of compensation for the costs of treating the rider or the pillion rider suffering from accidental injuries at a hospital. Not only this, but you can also cover the ambulance costs incurred in transporting injured people for medical treatment.
Additional third-party property damage cover: Road accidents can be devastating and lead to heavy losses to you as well as the third party. Hence, to remain secure against third-party financial liabilities you can add this rider to your comprehensive bike insurance. It helps you get additional compensation if your two-wheeler causes heavy damage to third-party property.
Zero depreciation cover: Zero depreciation or nil depreciation cover is an effective rider to overcome the depreciation of your bike and the resultant decrease in its value over time. With this add-on, you can claim the deducted value of depreciation of your bike’s components from the insurance provider. But this rider can be availed for the initial two claims only.
Consumable expense cover: A consumables expense cover as the name suggests compensates you for repairing or refiling the consumables of your two-wheeler after a road accident. With this useful add-on, you can cover the costs of consumables such as nuts/bolts, gearbox oil, brake oil, engine oil, etc excluding the cost of fuel.
Additional personal accident cover for owner-driver: While personal accident cover of up to ₹15 lakhs is already included under bike insurance, this add-on cover acts as a rescuer in case of a deadly road mishap. It provides an additional accident cover which is over and above the sum assured helping the owner-driver’s family overcome the calamity without worrying about finances.
Roadside assistance cover: Roadside assistance cover helps avail of 24/7 assistance if your bike suffers from an impairment while you are on a journey. This crucial add-on acts as an ally and allows you to get emergency assistance from the insurer for refuelling, mechanical repairs or two services ensuring your bike is good to go again.
Things Covered and Not Covered Under Tata AIG’s Benelli TRK 502 Insurance
Comprehensive bike insurance allows you to avail of compensation for multiple damages to your bike. But at the same time, it consists of a long list of exclusions. Hence, before buying two-wheeler insurance, you must check the policy exclusions for a well-informed choice.
The table below will help you understand the inclusions and exclusions under comprehensive insurance for the bike:
| Things included under Tata AIG's Benelli TRK 502 Bike Insurance | Things not included under Tata AIG's Benelli TRK 502 Bike Insurance |
|---|---|
| Financial or legal liabilities resulting from third-party injury/death and property damage | Damages incurred while driving under the influence of intoxicating items |
| Man-made damages caused during riots, strikes, vandalism, etc. | Depreciation of your bike due to regular wear and tear |
| Damages due to natural calamities such as cyclones, earthquakes, floods, etc. | Damages incurred while driving without a valid driving licence |
| Damages incurred during transit | Damages due to its commercial use or racing activities |
| Damages due to road accidents or collisions | Damages incurred during war or nuclear threats |
| Fire damages due to explosion, lightning or self-explosion | Damages due to mechanical or electrical breakdown |
| Damages due to burglary, theft or housebreaking | Damages incurred outside the geographical location mentioned in the policy |
| Total loss or irreparable damages to your bike | Consequential loss |
| Comprehensive insurance for the bike also includes a personal accident cover of ₹15 lakhs | Comprehensive insurance for a bike does not include the damages or liabilities covered through add-on covers |
Why is it Important to Have Tata AIG for Your Benelli TRK 502 Insurance?
Trusted by more than five crore customers and having two decades old experience in the insurance sector, Tata AIG ensures that your two-wheelers are appropriately secured against several risks.
Some more reasons to choose us for your Benelli TRK 502 insurance are as follows:
We offer customised insurance plans that are budget-friendly while ensuring suitable insurance coverage for your valuable possession. You can choose from third-party bike insurance, standalone own damage and comprehensive insurance policies based on your requirement. You can also pick from the seven add-on covers that are designed to offer enhanced coverage.
Our online method of policy procurement is easy, swift and paperless. It allows you to get suitable Benelli bike insurance online within minutes. We also offer long-term two-wheeler insurance thus relieving you from renewing your Benelli bike insurance every year.
We have a vast network of cashless garages that are spread across the country. With Tata AIG bike insurance, you can avail of cashless repair service for your bike at the nearest garage without any hassle.
We offer a seamless claim settlement procedure which is made possible by our 7500+ cashless garages and 650+ claim experts. You can initiate a claim by visiting the “Claims Support” page or calling us at 1800- 266-7780 and ensure claim settlement quickly. Our claim settlement ratio of 98% for the FY 2020-2021 is proof of our quality services.
Overview – Benelli TRK 502 Bike Model
With a starting price of ₹5.49 lakhs, the Benelli TRK 502 is an adventure bike and comes in seven variants. Along with the upgrade to BS 6 emission standards, Benelli introduced certain changes in the TRK including aluminium frame knuckle guards, backlit switchgear, larger mirrors, etc.
The bike is offered in three colours: Red, Grey and White. Some of the bike’s key specifications include
| Engine displacement | Of 500cc |
|---|---|
| Maximum power | 46.8bhp at 8500 rpm |
| Maximum torque | 46 Nm at 6000 rpm |
| Starting | Self-start |
| Transmission | 6-speed manual |
| Body type | Adventure tourer bike |
| Fuel tank capacity | 20 litres |
| Ground clearance | 190mm |
| Kerb weight | 228kg |
| Other features | Disc brakes at the front and rear, anti-lock braking system, LED taillight |
Benelli TRK 502 Bike Price and Variants
| Variant | Ex-showroom price |
|---|---|
| TRK 502 Grey | ₹5.49 lakhs |
| TRK 502X White | ₹5.55 lakhs |
| TRK 502 Red | ₹5.59 lakhs |
| TRK 502 White | ₹5.59 lakhs |
| TRK 502X Grey | ₹5.99 lakhs |
| TRK 502X Red | ₹6.09 lakhs |
| TRK 502X Adventure Yellow | ₹6.19 lakhs |
Unique Selling Points: Benelli TRK 502 Bike Features
The Benelli TRK 502 has the following unique selling points:
The distinctive looks of the Benelli TRK 502 offer adventure styling and ruggedness thus making it stand out among the competitors.
The broad handlebar, ample legroom and plush seating make the bike extremely comfortable for longer journeys.
The bike’s suspension which includes a 50mm inverted fork at the front and swingarm mono-shock at the back offers excellent wheel control and smooth on and off-road riding.
The steel frame chassis makes the Benelli TRK 502 strong as well as agile providing smooth and easier manoeuvrability.
The six-speed gearbox is mated to a gear shift indicator which allows you to ride the bike in the right gear according to the situation.
Rivals of Benelli TRK 502
The bikes that compete with the Benelli TRK 502 are as follows:
KTM 390 Adventure
Kawasaki Versys 650
Suzuki V-Storm
Honda CB500X
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
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How can I raise a claim on my Benelli 502 insurance policy with Tata AIG online?
How can I raise a claim on my Benelli 502 insurance policy with Tata AIG online?
If you want to raise a claim on your Benelli 502 insurance policy with Tata AIG online, follow these simple steps:
Visit the Tata AIG website and click on the 'Claims' tab.
Select the type of claim you want to raise- 'Two-Wheeler Insurance Claim'.
Enter your policy number, registered mobile number, and email ID.
Select the type of claim you want to raise- 'Own Damage' or 'Third-Party Damage'.
Fill in the necessary details of the incident, including the accident's date, time, location, and a brief description of the damages or losses suffered.
Upload the supporting documents, including the policy copy, FIR, driving licence, registration certificate, and other relevant documents.
Submit the claim request.
Once the claim request is submitted, Tata AIG will initiate the claim settlement process and assign a claim handler who will guide you through the process and keep you updated on the progress of your claim. You can also track the status of your claim online using the claim reference number provided to you by Tata AIG.
What factors can affect my Benelli 502C insurance renewal?
Several factors can affect your Benelli 502C insurance renewal, including
Claim history
Age of the two-wheeler
Type of coverage
Modifications, if any
Location
No Claim Bonus
Can my Benelli 502C insurance claim get rejected?
Yes, your Benelli 502C insurance claim can get rejected under certain circumstances. Here are some reasons why an insurance claim may get rejected:
Policy lapse
Non-disclosure of information
Driving under the influence of toxic substances
Illegal activity
False information
If a loss or the damage sustained isn't listed on the policy exclusion list
It is essential to ensure that you provide accurate and complete information while buying an insurance policy and raising a claim. You should also ensure that you follow all the terms and conditions of the policy to avoid any chances of claim rejection.
What documents are required to raise a Benelli bike insurance claim?
The documents required for raising a Benelli bike insurance claim may vary depending on the nature of the claim and the insurance company's requirements. However, here is a general list of typically required documents:
A copy of your Benelli bike insurance policy.
A duly filled claim form.
A copy of your driving licence.
A copy of your registration certificate (RC) of the bike.
FIR (First Information Report) in case of theft, vandalism or accident with third-party damages or injury.
Repair bills and payment receipts in case of repairs to the bike.
Any other documents related to the claim, as requested by the insurance company.
What is Zero Depreciation in bike insurance?
Zero depreciation is an add-on cover that can be included in your bike insurance policy. In case of a claim, this add-on cover ensures you receive the total claim amount without deducting any depreciation from the value of your bike's parts. When you claim under a standard bike insurance policy, the insurance company deducts the depreciation value of the bike's parts from the total claim amount. It means you receive only a partial claim amount and must pay the rest of the repair or replacement cost from your pocket.
What makes Tata AIG the best bet for Benelli 502C Insurance?
Here are some factors that make Tata AIG a popular choice for Benelli 502C bike insurance:
Wide range of insurance plans
Customisable plans
Quick and hassle-free claim settlement
Transparent policies
Online policy purchase and renewal
Vast network of garages
Disclaimer
Disclaimer: All the prices and other information listed above pertain to a specific city and vehicle model. Since this information is subject to change, it is advisable to check the latest information before purchasing a vehicle or an insurance policy.
What are the documents I need for initiating a claim?
To file a two-wheeler insurance claim, you are required to submit your driving licence, policy documents, bike photographs, third-party details and damage proof, etc.
How to file a claim for third-party bike insurance?
To file a claim for third-party bike insurance if your two-wheeler causes damage or injury, follow the steps mentioned below: Ensure you collect the proof of damage or injuries caused to the third party. You can take photos or record a video for the purpose. Collect details about the third party such as names, addresses, phone numbers, etc. If there are eyewitnesses present, take their names and numbers too. Call us at 1800- 266-7780 or file a claim by visiting the “Claims Support” page on our website. Don’t forget to file an FIR at the nearest police station. Submit the necessary documents and follow the due process. Inform us about the court proceedings for determining the compensation amount.
How to file a claim for my own damages?
You can file a claim for your own-damages through the following steps: Call us at 1800- 266-7780 or file a claim by visiting the “Claims Support” page on our website. Fill out the form displayed on the screen with relevant details. We will send a link to your registered mobile number for self-inspection. Submit the damage details of your bike. You can also use photographs or videos. A surveyor will also come and inspect your bike after which he will submit the report. You can either choose our cashless repair services through the nearest network garage or avail of reimbursement after repair at a non-network garage. Submit your bike insurance claim with documents such as driver’s licence, FIR if present, policy documents, bike photographs, etc. Once you complete the claim filing process, we will provide you with a claim registration number. If you have filed your bike insurance claim online, you can track its progress by clicking on “Track Claim”. After due examination and approval, we will complete the claim settlement procedure.
How much claim amount will I receive for my bike insurance?
The claim amount you receive for your bike insurance depends on the type of policy and other factors. In third-party bike insurance, the claim amount is decided by the Motor Insurance Claims Tribunal. However, for standalone own-damage or comprehensive bike insurance, the claim amount is decided by the insurer and depends on the extent of damages, the bike’s IDV, add-on covers and deductibles.
Why is comprehensive bike insurance better than other policies?
Comprehensive bike insurance is better than other policies due to the following reasons: It covers third-party legal and financial liabilities along with own damages caused by thefts, calamities, riots, vandalism, etc under a single premium. Comprehensive bike insurance can be enhanced by adding suitable riders at extra cost.
What are the things I should consider before buying bike insurance?
Before purchasing insurance for your bike, the first step should be analysing your bike’s price and needs. You can do this by factoring in all the risks your bike is susceptible to. For example, if you live in a flood-prone or theft-prone region, ensure to buy comprehensive bike insurance with relevant add-on covers. Once you decide on which policy to buy, compare bike insurance quotes through the bike insurance premium calculator which is available online. Also, compare insurance companies based on the claim settlement ratios, procurement procedure, add-on covers, prices, claim settlement process, etc. One more crucial thing to keep in mind while buying two-wheeler insurance is mentioning the correct IDV of your bike.
Disclaimer: All the prices and other information listed above pertain to a specific city and vehicle model. Since this information is subject to change, it is advisable to check the latest information before purchasing a vehicle or an insurance policy.
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