✓No Inspection Policy Issuance ✓24x7 Assistance ✓Quick Claim Processing | Buy a Bike Insurance Plan Starting at ₹538/year* Check Plans

Bajaj Auto is well-known for its excellent two-wheelers. In the country, it ranks as the 2nd largest motorcycle manufacturing company and internationally it ranks at 6th position. Pulsar 150 is among the demanded models of Bajaj Auto. It is well-reputed for its reliability, unparalleled quantity, and durability as well. Its motor offers pretty likable performance with a touch of brashness, which has made this brand so popular among the youth. Some of the other popular Bajaj models are:

  • Bajaj Pulsar 220 F

  • Bajaj Pulsar NS200

  • Bajaj Pulsar RS200

  • Bajaj Pulsar 180

  • Bajaj Pulsar NS160

  • Bajaj Platina 100

  • Bajaj Dominar 400

Types of Bike Insurance for Pulsar 150

The premium of the Bajaj Pulsar 150 insurance varies according to the type of insurance you choose. There are two kinds of insurance plans for Pulsar 150. Both of them are described below in detail:

1. Third-Party Insurance -

According to the law, availing of third-party insurance for your bike is mandatory. Under this insurance plan, the entire liabilities of third-party are being covered. If any damage/loss is caused to the third-party property or person, the compensation will be provided by your insurer. As in the case of third-party, the coverage amount is limited. Therefore, the charges of premium are affordable and less expensive.

2. Comprehensive Insurance -

Insurance plan for your bike becomes useful, especially if the plan is covering your precious possession. You must opt for the comprehensive bike insurance policy in case of man-made or natural disasters.


It covers all the liabilities of a third-party if your bike encounters any mishap. The charged premium is a bit more in comparison with the Bajaj Pulsar 150 third-party insurance price as extensive coverage is also provided to your bike.

Why Opt Bajaj Markets' Bike Insurance for Your Pulsar 150?

Insurance at Bajaj Markets for Bajaj Finserv consists of several benefits and features. They are as follows:

1. Quick Online Renewal/Application -

At Bajaj Markets purchasing insurance for your two-wheeler is very simple. You can purchase it either on the website of Bajaj Markets or you can download the Bajaj Markets app on your mobile.

2, Hassle-free NCB Transfer -

No Claim Bonus (NCB) in bike insurance is a type of bonus that you receive throughout the year where there is no claim made by you. And in the future, if you feel like switching the plan offered at Bajaj Markets then you can transfer a maximum of 50% of the present NCB to your new insurer.

3. Enjoy Discounts -

On your premiums, you can secure your discounts on the following conditions:


  • If any device of anti-theft is installed

  • If you belong to any known automobile association

  • Or, if the history of your riding is good.

4. Long-term Policy -

You can equip yourself with insurance for your vehicle for up to 3 years. In addition, you will be notified about the expiry of your policy ahead of time.

5. Digital Insurance -

As you complete the online application process of your two-wheeler at Bajaj Markets, a signed digital insurance policy of two-wheeler will be instantly issued.

6. Simple Inspections and Claim -

The policies at Bajaj Markets offer speedy and hassle-free inspections of insurance. The process of claim settlement is also very quick. 

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Inclusions in Insurance for Bajaj Pulsar 150

If you avail of a policy for your bike at Bajaj Markets then you can enjoy a few more benefits. You can get access to the coverage for the damages mentioned below:

  1. Explosion, fire, lightning, or self-ignition

  2. Housebreaking, burglary, or theft

  3. Strike and riot

  4. Earthquake (damage and fire)

  5. Typhoons, floods, hurricanes, hailstorm frost, cyclones, etc.

  6. External accidents

  7. Malicious acts

  8. Terrorist activity

  9. Rockslide or landslide


Exclusions in Insurance for Bajaj Pulsar 150

It is also crucial to know about the exclusion of Bajaj Pulsar 150 to avoid getting your claims of post-filing rejected. The exclusions in the Bajaj Markets' Bike Insurance include:

  1. Loss or damage caused outside the geographical area in the policy of insurance.

  2. Claims arose which are out of the Contractual Liability.

  3. If the accidents are caused by reasons which are against the law. For instance, speeding, driving someone else's vehicle, driving when you are drunk, etc.

  4. Any damage caused indirectly or directly by radiation ionizing or contamination caused by nuclear waste or from nuclear fuel.

  5. Any accidental damage or loss contributed because of nuclear weapons.

  6. Any accidental damage or loss caused due to the invasion of foreign warlike operations, hostilities, enemies, mutiny, Civil War, usurped power, military, or rebellion. 

Add-On Covers for Pulsar 150 Bike

Bike Insurance at Bajaj Markets comes along with add-on covers that help you enhance the security of your bike financiall1.y. Those include:

1. Zero Depreciation Coverage -

This coverage protects you from depreciation. In other words, this coverage covers the fully insured amount of your bike. That is, without consideration of depreciation This will help you minimize the out-of-pocket expenses while you are claiming.

2. 24/7 Spot Assistance -

In a situation of sudden breakdown, you won't be stranded under this coverage.

3. Personal Accident Coverage -

In this coverage, the expenses of treatments will be covered if you and/or the pillion rider encountered any accident.

4. Return to Invoice -

If your bike incurs a loss because of some unforeseen events then this coverage will help you get the total value of your bike. This value is similar to the amount which is mentioned in the purchased invoice of your bike.

How To Apply for Online Insurance for Pulsar 150?

Applying for online insurance for Pulsar 150 is a very easy and instant process. You can follow the given steps:

  1. Visit the section of Bike Insurance at Bajaj Markets or go here.

  2. Fill in all the details asked in the application.

  3. Choose your desired insurance plan for your two-wheeler.

  4. Complete the online payment of your Pulsar 150 insurance price.

  5. Your policy will get issued immediately once you have completed the process.

How to Renew Your Bajaj Pulsar 150 Insurance?

If you are interested in the continual benefits of the insurance of your Pulsar 150, you can renew your policy effortlessly. The steps of renewing are as follows:

  1. Visit the section on Bike Insurance at Bajaj Markets.

  2. Enter your contact details and registration number.

  3. Check out the premium of your Pulsar 150 insurance price renewal.

  4. Make online payments.

  5. Download the copy of the policy. 

Claim Process of Bajaj Pulsar 150 Insurance

A comprehensive insurance policy for two-wheelers ensures the entire protection in situations of theft or accidents. As getting the insurance policy is your first step, the next essential step is to understand the registration of your claims. There are two types of claims and they are:

1. Claiming Cashless Insurance Policy -

In this claim, your damaged bike will be repaired at the closest network of a garage. 

Your insurer will pay directly to the garage for all the expenses that have been incurred.

2. Claiming Reimbursement -

In this claim, you can decide on a garage of your choice, bear the expenses, and then you can claim for reimbursement against your insurance policy. Upon approval of your claim, the amount will be transferred to your registered bank account.

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How to Claim Bajaj Pulsar 150 Insurance?

The claiming process for a Bike Insurance policy online at Bajaj Markets is convenient. The steps are mentioned below:

1. The Process to File Cashless Claims:

  • Register your claim and then inform your insurer. You can also visit your insurer's website or can call on the toll-free number.

  • Get the bike repaired at your closest network of the garage.

  • Submit all the essential documents.

  • Once all your documents get verified, your claim will be settled by your insurer directly with the garage.

2. The Process to File a Reimbursement Claim:

  • Inform your insurer about your bike damage.

  • Submit an FIR if your bike is damaged because of theft or third-party.

  • Along with the other documents, submit the FIR copy.

  • Get the bike repaired at your own expense in the nearest garage.

  • Submit your original payment receipt and original bills to your insurer.

  • You'll receive a reimbursement of the claim after the verification is done.

Documents Essential for Claiming Bajaj Pulsar 150 Insurance

To claim the insurance policy there are some documents you need to submit. And the documents that are required are:

  • Documents of the insurance policy of your two-wheeler

  • Details of Bajaj bike model

  • Insurer details

  • Incident details

  • Copy of FIR in situations of vandalism/theft

  • Original receipts and bills of your repaired vehicle


What amount will be charged if I ride my bike without any valid insurance policy?

For driving with invalid documents, you'll be fined Rs. 2000 and/or you'll be imprisoned for the first offense for up to 3 months. For next the offenses, the penalty will be increased up to Rs. 4000 and/or imprisoned for 3 months. 

Can I avail of add-ons without any policy?

No. You can opt for add-on coverage only when you have an insurance plan for your bike. 

Does the Bajaj Pulsar 150 insurance price list vary from other Bajaj models?

Yes. Bajaj Pulsar 150 insurance price 150 varies from other Bajaj models. Some of the factors that decide the insurance price are the type of two-wheeler, value of the vehicle, modification, anti-theft devices, add-ons, etc. 

How many gears are available in Bajaj Pulsar 150?

Bajaj Pulsar 150 has five speed gears. 

What mileage does Bajaj Pulsar 150 have?

Bajaj Pulsar 150 has a mileage of 65 kmpl. 

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