Introduction about Suzuki Katana Insurance

The Katana is a 999cc superbike from the Japanese motorcycle manufacturer - Suzuki. If you own one of these machines, it is of paramount importance that you ensure that it is also protected by a robust bike insurance plan. Having insurance for your bike is not only legally mandated, but also offers you several other advantages as well.

 

The Suzuki Katana insurance cost in India depends on various factors such as the insurance provider, the type of plan, and the number of add-ons that you opt for. You would need to keep in mind these aspects when purchasing an insurance plan for the superbike.

Check Insurance Premium for Suzuki Katana

If you’re serious about owning a Suzuki Katana, then it is important for you to be aware of how much it costs. This way, you will be able to plan your finances better. Check out the table below for information on what the Suzuki Katana’s price (ex-showroom) is likely to be, along with the Suzuki Katana insurance premium.

Suzuki Katana Variant Name

Fuel Type

Suzuki Katana Price (ex-showroom)

Estimated Third-Party Premium~

FY 2022-23 (effective 1st April, 2022)

Standard

Petrol

Rs. 12 Lakhs (estimated)

Rs. 2,804

The above information is for a new Suzuki Katana only. The premium rates will change depending on the place, year of registration, IDV, add-on covers and various other factors.

 

Read More: Suzuki Two-wheeler Insurance

How to Buy Suzuki Katana Insurance Online?

When it comes to purchasing an insurance policy for your Suzuki Katana, make sure to do it on the Bajaj MARKETS website. Not only is the purchase process straightforward, it only takes a few minutes to complete. Here’s a brief outline of the process that you would have to follow for purchasing a Suzuki Katana insurance plan on Bajaj MARKETS.

 

  • Visit the bike insurance calculator on the Bajaj MARKETS website

  • Specify details such as your bike’s registration number and your phone number.

  • Proceed to complete the application form by entering other personal and bike-related details.

  • Browse through the various Suzuki Katana insurance plans available for your bike and select the one that fits your needs.

  • Pay the premium for the plan of your choice online through any one of the payment methods.

  • That’s all! A copy of your Suzuki Katana insurance plan will be sent to your email ID.

How to Renew Suzuki Katana Insurance Online?

Like purchasing your Suzuki Katana insurance, renewing it is also extremely smooth and easy online. In just a few clicks, you can get your bike insurance plan renewed in no time. Here’s what you would have to do.

 

  • Visit the website of your insurance provider.

  • Specify details of your previous bike insurance policy.

  • Enter a few personal details and specify a few bike-related information.

  • Check out the renewal premium shown on the screen.

  • Make the premium payment online through any one of the payment methods.

  • That’s it. Your Suzuki Katana insurance plan will be renewed instantly.

Read More: Bike Insurance Renewal

Why to Insure your Suzuki Katana?

As a prospective owner of this superbike, you should be aware of the importance of insuring your bike. Here are some reasons why you should purchase a bike insurance plan for your Suzuki Katana.

 

  • It protects you financially in the case of any damage to your bike due to an accident

  • Enables you to get additional coverage through add-on covers

  • Protects you from having to pay fines or penalties for not possessing a valid third party insurance cover

  • Helps keep your finances intact in case of any damage due to natural or man-made calamities

  • Third party car insurance is a legal requirement in India under the Motor Vehicles Act, 1988

Types of Suzuki Katana Bike Insurance

Knowing the different types of bike insurance plans available for your Suzuki Katana is essential. This way, you would be in a better situation to pick the one that suits your needs and requirements. Here’s a glimpse of the different types of Suzuki Katana insurance plans that you can find on Bajaj MARKETS.

Third-Party Bike Insurance

A third-party insurance plan is designed to cover liabilities, like damages to third-parties and their property, that may arise as a result of an accident involving your Suzuki Katana motorcycle. And as per the Motor Vehicles Act, 1988, possessing a third-party plan for your motorcycle is a mandatory legal requirement.

Comprehensive Bike Insurance

A comprehensive bike insurance policy, on the other hand, provides coverage for third-party liabilities as well as any damages that your motorbike may sustain during an accident or a calamity. In addition to that, you can also extend the coverage of the plan by opting for add-on covers.

 

Read More: Benefits of Comprehensive Bike Insurance

Inclusions

Every Suzuki Katana insurance plan comes with its own set of inclusions. These are basically scenarios that the policy provides coverage for. So, as a prospective owner, it is crucial for you to know what they are, before going ahead with your purchase. Let’s take a quick look at a few of the most common inclusions that a Suzuki Katana insurance plan comes with.

 

  • Damages to third-parties and their property

  • Repair and replacement of damaged parts

  • Personal accident cover, which includes the co-rider

  • Losses and damages due to calamities, whether natural or manmade

  • Accidental damages to your bike

Exclusions

Similar to the list of inclusions, every bike insurance plan also comes with exclusions. These are scenarios where the policy does not provide coverage for. Here’s a glimpse of some of the most common exclusions that you can find in a typical Suzuki Katana insurance policy.

 

  • Wear and tear of the parts of the bike due to normal usage

  • Breakdown of the bike due to electrical or mechanical malfunctions

  • Losses or damages due to malicious activities

  • Damages or losses caused during a war-like situation

  • Damages that occur when you are driving under the influence of intoxicating substances

  • Damage or loss caused when driving without a valid licence

  • Damages that occur when your insurance policy is not in an active state

Add-On Covers for Your Suzuki Katana Bike Insurance

You can enhance the coverage of your Suzuki Katana insurance policy by opting for add-on covers by paying a nominal additional premium. Some of the most common add-on covers that you can find on Bajaj MARKETS are as follows.

Return to Invoice Cover

With this add-on, you receive the entire value of your motorcycle, as mentioned in the invoice, if your vehicle is stolen or declared as a total loss.

Zero Depreciation Cover

This zero depreciation add-on ensures that you receive the entire amount of your claim without any depreciation cuts whatsoever.

Round-the-clock Spot Assistance Cover

If you’re ever stranded in the middle of your journey, this add-on helps you get roadside assistance and also covers the costs involved for towing your bike.

Personal Accident Cover

If you or your co-rider gets injured due to an accident involving your motorcycle, this add-on covers the costs involved in treatment.

Suzuki Katana Insurance Claim Process

Registering a claim on your Suzuki Katana insurance plan is extremely simple and quick. Here’s what you would have to do to lodge a cashless claim and a reimbursement claim.

Process for Filing a Cashless Claim

Cashless claims involve the insurer directly settling all the bills with the garage. Let’s take a look at the process involved with filing a cashless claim.

 

  • In case of an accident, get in touch with your insurer immediately and let them know of all the relevant details.

  • Take your bike to the nearest network garage and get it repaired.

  • Once your bike is repaired, submit all the bills and other relevant documents to your insurer.

  • Upon successful verification, your claim will be settled directly with the network garage.

Process for Filing a Reimbursement Claim

These kinds of claims involve you settling the bills with the garage out of your own pocket and then filing a claim for reimbursement. Check out the process that you would have to follow to file a reimbursement claim.

 

  • Firstly, inform your insurer about the damage to your bike.

  • In case of theft, file an FIR immediately.

  • Submit all the relevant documents to your insurer including a copy of your FIR.

  • Take your bike to any garage of your choice and get it repaired.

  • Pay for the repairs out of your own pocket.

  • Submit all the bills and receipts issued by the garage with your insurance company.

  • Your insurer will reimburse your expenses as per your claim after due verification.

     

Knowing what documents you would need to submit can help you speed up the claim process. Here is a quick glimpse at the list of documents you need to file an insurance claim.

 

  • Bike insurance policy document

  • Details of the insurer

  • Details of the vehicle

  • Details of the incident

  • Copy of the FIR in case of theft

  • Original bills and receipts evidencing repair of the bike

Read More: Bike Insurance Claim Process

How to Reduce Insurance Cost of Suzuki Katana

Seeing as the motorcycle costs more than Rs. 12 Lakhs, Suzuki Katana’s maintenance cost is also likely to be quite high. Thankfully, there are more than a few methods that you can use to bring down the Suzuki Katana insurance premium. Check out the list below for more information.

 

  • Maintain your bike properly to prevent problems and malfunctions.

  • Always compare insurance policies and go with the one that’s affordable.

  • Avoid getting into accidents by driving in a careful and cautious manner so that your No Claim Bonus doesn’t get affected.

  • Don’t raise a claim for small repairs and pay for them on your own to keep your NCB intact.

  • Install anti-theft aids to prevent theft of your bike.

Top Tips to Maintain your Suzuki Katana

Being a superbike, the Suzuki Katana requires some extra bit of maintenance on your part to ensure that it keeps performing the way it is meant to. So, here are some tips that you can follow.

 

  • Check your coolant levels regularly and top it up if necessary

  • Adjust your clutch lever mechanism periodically

  • Clean and lubricate the bike’s chain every two weeks

  • Clean the surface of your bike with a microfiber cloth regularly

  • Check and clean the battery terminals and apply a coat of grease

Suzuki Katana Maintenance Costs

Considering the fact that the Suzuki Katana is a superbike that’ll be imported into India, the maintenance costs are likely to be expensive. And so, it is advisable to get in touch with your Suzuki dealer or the authorised service centre for a more accurate estimate of the overall cost of maintenance of the Suzuki Katana.

Replacement Cost of Parts Changed During Service

When it comes to regular scheduled services for your Suzuki Katana, some parts and components are likely to be replaced. And so, it is important for you to know what the cost of these replacement parts is so that you can be prepared for it financially. Again, to get to know what the costs of parts that are changed during a regular scheduled service are, contact your Suzuki dealer or the authorised service centre.

Components to be Replaced or Serviced at Different Intervals

To ensure that your Suzuki Katana performs at a high standard, certain parts need to be replaced at certain predetermined intervals. Check out the table below for more information.

Parts

Suzuki Katana Service Schedule Intervals

Engine Oil

Replace every 6,000 kilometres or 12 months, whichever is earlier

Fuel Filter

Depending on its condition

Brake Fluid

Depending on its condition

Spark Plugs

Replace every 12,000 kilometres or 24 months, whichever is earlier

Coolant

Replace every 24,000 kilometres or 48 months, whichever is earlier

Note: If any service costs and replacement costs are mentioned above, it is meant to be merely indicative. The actual cost applicable to you may vary.

About Suzuki Katana

The Katana is a 999 cc superbike from Suzuki. First introduced in 1982, the Katana has been constantly updated to meet the ever-evolving needs and requirements of bike riders. The current generation motorcycle features the same razor-sharp styling elements of its predecessors.

 

Although the Suzuki Katana is a massive bike, it is easy to ride and manoeuvre around the city. If you’re a motorcycle enthusiast looking to purchase their first superbike, the Katana is a great option that you can consider.

 

Despite having such a powerful engine, the Suzuki Katana’s mileage figures are quite respectable at around 20 kilometres per litre. The motorcycle now gets a dedicated traction control system, a slipper clutch, LED headlights, and an LCD multi-function instrumentation console, among other features.

Suzuki Katana Variants

Unlike many other superbikes, the Suzuki Katana is likely to be offered in India in just a single variant. Check the table below for more information on the single standard variant of the bike.

Variant Name

Fuel Type

Transmission

Standard

Petrol

6-Speed Manual Transmission

On Road Price in Top Cities

The Suzuki Katana’s price (ex-showroom) is estimated to be around Rs. 12 Lakhs. However, this is not the final price that you would have to pay to own the bike. In addition to this, you would also have to bear other expenses such as the Suzuki Katana insurance cost and RTO registration charges, among other things.

 

And since every state in India levies different registration charges and road taxes, the on-road price of the Suzuki Katana, which is the final price, tends to vary from one place to another. However, considering the fact that the motorcycle hasn’t yet been released in India, as of now, there’s no data on the on-road price of the Suzuki Katana for any of the cities in the country.

Features of the Suzuki Katana

Although the Suzuki Katana’s price of Rs. 12 Lakhs may seem a little expensive, it does come equipped with a lot of features that you can typically find in a superbike. Here’s a table outlining some of the key features that the motorcycle comes with.

Features

Availability

Switchable Anti-Lock Braking System

Available

Selectable Traction Control Modes

Available (4 Modes)

Lightweight Alloy Wheels

Available

Gear Shift Alerts

Available

Dual Front Disc Braking System

Available

Conclusion

Since the Suzuki Katana is a superbike that’s imported into India, the prices of spare parts tend to be quite expensive. And in the case of any damages to the bike due to an accident or a mishap, the cost that you would have to incur to replace them can be exorbitant to say the least.

 

That said, with an adequate comprehensive bike insurance policy, you don’t have to worry about repair costs breaking your bank at all. The Suzuki Katana insurance plan will cover a large portion of the expenses, if not all, that you incur to repair and restore your Suzuki Katana to its original condition.   

Check Out Bike Insurance Plans Available at Finserv MARKETS

FAQs on Suzuki Katana Insurance

  • ✔️Is it mandatory to purchase a bike insurance policy for my Suzuki Katana?

     Yes. In India, every motorcycle is required to mandatorily possess at least an active third-party bike insurance plan.  

  • ✔️What is IDV?

    IDV stands for Insured Declared Value. It is the amount that you receive as compensation from the Suzuki Katana insurance provider in the case of theft or total loss of your vehicle.  

  • ✔️Will a third-party bike insurance plan cover damages to my Suzuki Katana?

     No. A third-party Suzuki Katana insurance plan will only cover third-party liabilities as a result of an accident or a mishap and not damages to your bike.  

  • ✔️Can I enhance my Suzuki Katana insurance plan?

     Yes. You can enhance the coverage of your Suzuki Katana insurance plan by opting for add-ons such as zero-depreciation cover, engine protect cover, and NCB protection cover, among others.  

  • ✔️Is the No Claim Bonus applicable for third-party plans?

     No. The No Claim Bonus (NCB) discount is only applicable for Own Damage (OD) covers and not for third-party plans.  

     

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