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Bajaj V12 Insurance

The Bajaj V12 is a stylish two-wheeler by Bajaj Auto Limited. Though it has now been discontinued in India, it is still one of the popular commuter bikes in the country with an engine capacity of 124.5 cc. The Bajaj V12’s last known price was around ₹58,458 to ₹59,552 depending on the variant (ex-showroom price Delhi). If you are interested in buying a second hand Bajaj V12, you must not only understand the specifications of this magnificent bike but also the Bajaj V12 insurance options that are available. A good Bajaj V12 insurance plan can keep you financially secure in case of any unfortunate events involving your prized possession.

Bajaj V12 Insurance Price and Variants

The price of the Bajaj V12 differed across the motorcycle’s variants. The last known ex-showroom price of the motorcycle is lower than the V15, giving budget-conscious buyers many of the same specs but at a more affordable price. Here’s the last known Bajaj V12 price for different variants before it was discontinued in India without the addition of any extra expenses like taxes and registration. The table also has Bajaj V12 insurance price.

Bajaj V12 Variants

Last Known Ex-Showroom Price*

Fuel Type

Estimated Third-party Premium~ FY 2022-23

(effective 1st April, 2022)

Bajaj V12 STD




Bajaj V12 DISC




*Third-party premium rates are indicative. The actual premium that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your bike insurance policy.

How to Buy Bike Insurance for Bajaj V12

Here’s how you can easily purchase your Bajaj V12 insurance at Bajaj Markets online:


Step 1: Provide all the relevant details like bike registration number, phone number, etc.


Step 2: Choose the best-suited plan for yourself.


Step 3: Pay the premium amount online.


Step 4: Your Bajaj V12 insurance details will be emailed to you in no time.


Read More: Bajaj Bike Insurance

How to Renew Bajaj V12 Insurance

An expired bike insurance policy is not only an unsafe practice but also punishable as per law. Therefore, keeping your motor insurance updated is mandatory. Here are the following steps to renew your Bajaj V12 insurance online on Bajaj Markets:


Step 1: Provide relevant details about your vehicle


Step 2: Enter details about your existing bike insurance policy


Step 3: Estimate the renewal premiums to be paid and clear your dues easily through online payment


Step 4: Undergo policy verification and avail the benefits of your renewed policy.


Read More About: Bike Insurance Renewal

Why Do You Need Bike Insurance for Your Bajaj V12?

Your riding expertise and bike’s specifications become secondary. This is because some factors are out of your control while driving your bike. Natural calamities like floods or unfortunate accidents, theft of your vehicle can cause damage to your Bajaj V12 and their repair could create a hole in your pocket. The cost of maintenance and repair in such cases can go anywhere around ₹10,000 to ₹20,000 and sometimes even more than that. If you have valid comprehensive bike insurance for your Bajaj V12, all of this cost will be covered. Therefore, to give your precious Bajaj V12 financial backing in such times, having it insured is essential.

Types of Bajaj V12 Insurance Plans

If you are the owner of a two-wheeler vehicle then you must be aware of the rules and regulations laid by the Motor Vehicles Act of India, wherein it is necessary to have an insurance plan to be able to drive on Indian roads.


While you may think insurance is just important to keep you out of legal allegations, these insurance covers come to your rescue when anything unfortunate happens on the roads. To be able to pick the right coverage for you and your bike, you should be aware of these two types of bike insurance plans that can be purchased easily on Bajaj Markets.

  • Third-Party Insurance Plan

A third party bike insurance plan is a mandatory thing to have these days to be able to drive on Indian roads. This type of policy provides coverage to the third party in case your vehicle damages, injures or causes the death of the other person.

  • Comprehensive Insurance Plan

While buying a third party liability cover is important, looking at your safety is also necessary. Comprehensive insurance plans offer overall coverage by also offering coverage against third party damage and own damage. This insurance policy comes with a number of add-ons and protects your bike in cases of theft, natural and manmade disasters and is therefore recommended for all.

What is Covered in Bajaj V12 Insurance

A third party Bajaj V12 insurance will give you coverage against third-party, bodily injuries, death of the victim, etc. On the other hand, comprehensive bike insurance will give you extensive coverage like damage, theft, natural and man-made calamities, third-party liabilities, etc.

What is Not Covered in Bajaj V12 Insurance

Some of the exclusions of your Bajaj V12 insurance are driving without a valid driving licence or other documents, driving under the influence of alcohol or any other such intoxicating substance, regular wear and tear of the vehicle or breakdown caused due to vehicle ageing, damage due to incidents happening outside the geographical limits of India.


Read More About: Inclusions & Exclusions of Bike Insurance Cover

Some Important Add On Covers for Your Bajaj V12 insurance

While you may find suitable bike insurance at Bajaj Markets, it might not fulfil all your coverage needs. To solve this issue, a list of add-ons are provided which you can choose as per your needs.


Here are the following add-on covers that are available with your Bajaj V12 insurance bike insurance plans:

  • Zero depreciation cover

    It is obvious for your bike to face wear and tear issues as time passes by and with normal motor insurance you will have to bear the depreciation charges at the time of claim. With zero depreciation cover in bike insurance added to your insurance cover, the company pays for your depreciation charges and ultimately saves your money.

  • Medical cover

    No matter how well you drive, anything can happen when you are on the roads. Therefore, having a medical cover by your side can help a lot. This add-on feature will make sure your insurance company pays for your medical expenses if needed.

  • Passenger cover

    When bike accidents happen, both the driver and the rider stand at equal risk and therefore it is important to have a cover for them too. The passenger cover add-on feature offers medical coverage for the partial or full disability of the pillion rider.

  • Roadside assistance

    This cover comes in handy if your two-wheeler breaks down suddenly and there is no help around.

Claiming Bajaj V12 Insurance

The following documents will be required when filing a claim for Bajaj V12 insurance:


  1. Duly filled claim form

  2. Policy papers

  3. Driver’s licence

  4. RC

  5. The ID of the claimant

  6. Original bills, in case of a reimbursement

  7. Copy of the FIR, if required

There are two ways in which you can claim your Bajaj V12 insurance:

For Cashless Claims

In cashless claims, you just have to get your bike repaired at any network garage. Inform your insurer about the same. The repairing cost will be directly settled by the insurance provider with the network garage without you having to pay anything out of your pocket.

For Reimbursement Claims

In this type of claim, provide all details about the bike damage to your insurer. Also, file an FIR if needed. Get the repairing done and pay for the same out of your own pocket. After this, you have to present all necessary documents to the insurer, like the bills for damage repair. Wait till the verification is done and then the amount paid by you for the repairs will be reimbursed.


Read More About: Bike Insurance Claim Process

Tips to Lower Your Bajaj V12 Insurance Price

Given below are some of the ways that you can use to get your Bajaj V12 insurance price down:

  • Maintenance

    Keeping your bike in mint condition goes a long way as it enhances the life of your vehicle. The bike’s insurance premium will also be lower if it is in good condition.

  • Cover Small Expenses

    If you take care of small claims from your own pocket, you can reduce the premium of your bike insurance as they will not be added to the insurance claim.

  • Compare Quotes

    Before buying any bike insurance, you should always compare quotes from different insurance providers. This way you get the best suited and cost-effective insurance plan.

  • No Claim Bonus

    You can earn the no claim bonus or NCB in bike insurance if you do not make any claims throughout the policy year. This in turn reduces the insurance premium price on renewal.

Important Tips to Maintain Your Bajaj V12

Given below are some useful tips using which you can ensure your Bajaj V12 is always in good condition.

  • Servicing

    You should follow the servicing schedule and get your Bajaj V12 serviced regularly to avoid any problems while riding.

  • Do Not Overload

    Overloading your bike causes extra pressure to the bike’s engine and its internal parts. Avoid doing the same.

  • Tyre Pressure

    Always keep a tab on the tyre pressure and maintain it accordingly to avoid any sudden tyre bursting.

  • Check Engine

    Engine is one of the most important parts of any vehicle. Drive your bike at a steady speed and check for the engine oil to ensure optimum performance from your Bajaj V12.

Bajaj V12 Maintenance Cost

The cost of maintenance for your Bajaj V12 is around ₹4,378. The first three services are free of cost. Here is a look at the servicing schedule and the maintenance cost of Bajaj V12.




Price of Bajaj V12 Servicing*

1st Service




2nd Service




3rd Service




4th Service




5th Service




6th Service




7th Service




About Bajaj V12

The Bajaj V12 is crafted from the metal of the INS Vikrant - India’s first aircraft carrier. This has made it an extremely desirable bike for anyone who wants the badge value of being associated with a part of the nation's history.


The V12 by Bajaj Motors is a toned-down version of the V15 - its more popular model. Taking design cues from the superior model, the V12 also flaunts a retro-muscular look. However, it has been built keeping in mind a more cost-conscious audience. The V12, therefore, comes with a smaller engine than the V15. The instrument console on the bike is also analogue unlike the V15, which comes with a semi-digital one. Another key difference between the two models is also the alloy wheels.


Now, coming to the similarities between the two motorcycles. The fuel tank, automatic headlight on the system with the black exhaust with a chrome tip all remain the same. However, these differences and comparisons are not enough to fully understand the performance, features and other essential parameters before you buy a two-wheeler. Let’s have a look at the technical specifications of the Bajaj V12.

Bajaj V12 Specifications

The Bajaj V12 is a commuter-friendly, powerful motorcycle that provides the rider with efficient performance as well as a good design. Here, we look at the key technical specifications like Bajaj V12 fuel economy:


Technical Specifications



Displacement - 124.5 cc



Type - 4 stroke, air-cooled DTSi



5-speed Manual Transmission

Kerb Weight

137 Kgs

Fuel Tank Capacity

13 litres

Max Power

10.7 PS @ 7500 rpm

Bajaj V12 mileage

55 kmpl



Front - Disc



Rear - Drum


Wheel type


Start Mechanism

Self Start & Kickstart

Max Torque

10.9 Nm @5500 rpm

Bajaj V12 Features

The technical specifications of a motorcycle help determine its performance and robustness. However, its features can be telling of the motorcycle’s comfort and safety. Here are the important, standout features of the Bajaj V12:



Anti-lock braking system

Dual Channel





Braking Type




Mobile connectivity



Halogen and bulb type

Low Fuel Indicator


Pillion Grabrail, Seat and Footrest




Since the bike has been discontinued in India, the Bajaj V12 on-road price is not available.


The first thing you must do after purchasing the Bajaj V12 motorcycle is to buy a two-wheeler insurance plan. Two-wheeler insurance will ensure that you remain financially protected from any damages that may occur to your vehicle. It should be able to cover you for repairs - both minor and major. Other things to look for in the ideal two-wheeler cover include speed, convenience, cashless claims and prompt customer support. At Bajaj Markets, you can choose from insurance plans that promise comprehensive coverage, convenience and top-notch customer service for your two-wheeler insurance. So, do not wait more and get your Bajaj V12 insurance on Bajaj Markets now!

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FAQs On Bajaj V12

What is the Bajaj V12 mileage?

The Bajaj V12 motorcycle offers a mileage of 55 kmpl.

What is the price of the Bajaj V12 bike?

The bike can be purchased at an ex-showroom price of ₹58,458 to ₹59,552. 

Is higher IDV for Bajaj V12 a good option?

Yes, a higher insured declared value, i.e. IDV is always a better option. But you should also note that the cost of your insurance premium will also be increased for higher IDV.

What is the difference between the Bajaj V12 and V15?

The Bajaj V12 comes with a smaller engine compared to the V15. The V12 has an engine displacement of 124.5 cc while the V15 offers 149.5 cc.

Does the Bajaj V12 have tubeless tyres?

No. The Bajaj V12 does not come with tubeless tyres.

What is the body type of Bajaj V12?

The Bajaj V12 is a street type motorcycle.

What is the height of the Bajaj V12?

The exact height of the Bajaj V12 is 1066 mm.

At what top speed can the Bajaj V12 be driven?

The top speed of the V12 motorcycle is 109 kmph.

What is the required tyre pressure for Bajaj V12?

The recommended tyre pressure for the motorcycle is 25 psi.

At what mileage is the Bajaj V12 driven within the city?

The Bajaj V12 gives a mileage of 57 kmpl within the city.

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