Motorcycle on-road prices shall go up by at least Rs 3000/- for new purchase due to the IRDA notice which makes 5 year third party insurance mandatory as against the current coverage for 1 year. This is in line with Supreme Court decision that the third party insurance cover for two-wheelers should mandatorily be for a period of five years.
Motorcycle on-road Prices to increase by atleast Rs 3,000 in India
Bajaj Auto urges all customers to immediately avail of the exciting hat-trick offer on or before the 31st August 2018. This is because one of the key benefits of this offer is one-year free insurance for customers buying a Platina, Discover, Pulsar 150, Pulsar NS 160 or V range of motorcycles. Customers purchasing these bikes before 01 Sept 2018 would effectively have a reduced outgo of approximately Rs. 4800/- on a Platina and a massive Rs. 8000 on Pulsar NS 160 on account of insurance cost.
Bajaj Auto has confirmed that the hat-trick offer will not be available from 1st September 2018 onwards.
Source: IRDA Circular
Customers also gain from the other benefits of the offer which includes two years of free service for the CT100, Platina, Discover, V, Pulsar. In addition, customers of any Bajaj motorcycle in this period get a five-year warranty package at no extra cost.
Bajaj Auto dealerships shall remain open till 11 pm on 30 and 31st August to enable customers to avail of the offer.
You can add more to this story by commenting below.