Manufactured by Bajaj Auto, the V15 is a stylish motorbike that has now been discontinued. With an engine capacity of 149.5cc, the Bajaj V15's last recorded ex-showroom price was between ₹65,178 - ₹66,739. But as an owner of a vehicle, your duty doesn’t end here. Purchasing a bike insurance plan for your two-wheeler is just as crucial to fulfilling the compulsory mandate under the Motor Vehicle Act, 1988. However, you can go a step further to safeguard your V15 with comprehensive insurance on Bajaj Markets even though it’s discontinued! In this article, let’s look at the Bajaj V15 insurance price, features, and add-on cover options in detail.

Bajaj V15 Variants

There are two variants of the V15 which have now been discontinued. But don’t you worry because you can still opt for insurance coverage for your bike! Here are the V15 variants, ex-showroom prices, and the third-party insurance rate:

Variant

Ex-Showroom Price*

Fuel Type

Estimated Third-Party Premium**

FY 2022-23

(effective 1st April, 2022)

Bajaj V15 STD

₹65,178

Petrol

₹714

Bajaj V15 Power Up

₹66,739

Petrol

₹714

*The Bajaj V15 ex-showroom prices are for Delhi and are subject to change based on the city.

 

**Third-party premium rates are indicative. The actual Bajaj V15 insurance price 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 Purchase Bajaj V15 Insurance Online

You can still opt for Bajaj V15 bike insurance at amazing prices and secure it against perils with Bajaj Markets:

 

  • Step 1: Head over to the ‘Bike Insurance’ page. Enter your bike registration number and mobile number.

  • Step 2: Provide the necessary information in the application form.

  • Step 3: Pick the bike insurance plan that suits your needs.

  • Step 4: Make an instant online payment.

  • Step 5: Your insurance policy will reach you in no time.

How to Renew Bajaj V15 Insurance Online With Ease

Make sure you renew Bajaj V15 bike insurance without fail in the following way:

 

  • Step 1: Visit the ‘bike insurance renewal’ page on your insurance provider’s official website. Enter your previous policy details.

  • Step 2: Input your personal and bike-related details.

  • Step 3: Check your renewal premium.

  • Step 4: Make an instant online payment.

  • Step 5: Your bike insurance will be active soon.

Why is it Important to Opt for Bajaj V15 Insurance?

Road accidents are unpredictable, resulting in emotional as well as financial setbacks. Without the right coverage, you would have to shell out money from your savings for repair expenses which can easily amount up to ₹15,000 - ₹20,000. Instead of shouldering such a financial burden every time you are involved in a mishap, you can choose to purchase a comprehensive insurance plan. Providing security against third-party liabilities and accidental damage, the Bajaj V15 insurance plan shall have your back no matter what!

Third-Party or Comprehensive Insurance: Which One to Choose?

  • Third-Party Bike Insurance

Third-party insurance is a basic cover mandated under the Motor Vehicles Act, 1988, to drive on Indian roads. You gain coverage against loss incurred by the third party, bodily injuries sustained by the victim or in worse cases, death. However, the third-party Bajaj V15 insurance fails to offer your vehicle any protection in case of damage.

  • Comprehensive Bike Insurance

Comprehensive bike insurance goes a step ahead and financially protects your own two-wheeler as well. Be it accidental damage, theft, loss due to natural or man-made calamities to third-party damage, you can rest assured. But you must know that Bajaj V15 insurance has a slightly higher premium price than the basic third-party cover. But the extensive coverage is surely worth it!

What’s Covered Under Bike Insurance?

Third-party two-wheeler insurance covers loss incurred by the third-party, bodily injuries and death of the victim. Moreover, comprehensive Bajaj V15 insurance includes personal injuries caused in an accident, own damage, natural or man-made calamities, theft, third-parties liabilities, etc.

What’s Not Covered Under Bike Insurance?

The exclusions of comprehensive Bajaj V15 insurance include damages due to regular wear and tear or natural ageing, loss resulting from driving without a licence, mechanical or electrical breakdown, etc.

Opt for These Add-On Covers With Bajaj V15 Insurance

To maximise your Bajaj V15 insurance coverage, you can choose add-on covers for additional perks. But the availability of these covers may vary from one insurer to another.

  • Consumables Cover

Did you know that consumables undergo frequent wear and tear but aren’t covered under your plan? With consumables cover, you can get the repair or replacement cost included in your policy without any trouble!

  • Zero Depreciation Cover

With zero depreciation cover in bike insurance, you will get the entire Bajaj V15 insurance claim amount without any deductions. The insurance provider will not consider the depreciation rate of your V15, in turn, limiting your out-of-pocket expenses.

  • Engine Protect Cover

Get your V15 engine secured now by opting for the engine protect add-on cover at a cost-effective price!

  • Roadside Assistance Cover

You can combine your V15 bike insurance with 24x7 roadside assistance cover to always have a backup during emergencies. Be it a flat tyre, urgent battery jump, fuel delivery or towing services, this add-on cover shall be your constant!

Raise a Claim Under Bajaj V15 Insurance

Submit the below-mentioned documents while making a Bajaj V15 bike insurance claim:

 

  • Original insurance policy document

  • Insurer’s details

  • Vehicle details

  • An FIR copy if your bike was stolen

  • Original bills and proof of payment if you are claiming a reimbursement

There are two types of Bajaj V15 insurance claims:

  • Cashless Claim Under Bike Insurance

Under cashless claim in bike insurance, you can get your V15 repaired at a network garage, and the insurer will settle the expenses. Whereas you only need to clear the applicable deductibles under your Bajaj V15 insurance. However, it is recommended to intimate your insurer about the claim at the earliest.

  • Reimbursement Claim Under Bike Insurance

For the reimbursement claim process, you can inform your insurer regarding the incident and take your bike to a non-network garage. Here, you will first have to pay for the repair expenses and later file for reimbursement under your Bajaj V15 bike insurance policy.

Here’s How You Can Reduce Your Bajaj V15 Insurance Premium

By following these tips, you can bring down your Bajaj V15 bike insurance price to an affordable rate!

  • Opt for NCB

You can be eligible for a reduced renewal premium by maintaining a claim-free policy year and claiming the No Claim Bonus in bike insurance! The reward will keep increasing for consecutive claim-free years, resulting in a lucrative premium quote.

  • Avoid Filing Small Claims

If you can afford to cover smaller Bajaj V15 insurance claims, avoid raising them to maintain a claim-free year and retain your NCB reward. However, it is not advised to cover higher claim amounts.

  • Maintain Your Bike

Following the servicing schedule without fail and taking care of your bike can actually result in fewer vehicle-related issues in the long term! So, make sure you get the V15 serviced on time.

  • Check Various Plans Online

Make sure you check various Bajaj V15 insurance plans online and compare them based on premium quotes. But it is recommended to consider other factors while making a purchase decision as well.

Tips to Maintain Your Prized Possession!

  • Check the Battery

The battery of your two-wheeler is quite an important part which is why you should clean it regularly and check for any issues.

  • Assess the Brakes & Clutch

Ensure to inspect the brakes and clutch of your V15 to check if they work properly and get them fixed in case of any trouble.

  • Abide by the Law

You can lower the chances of potential vehicle damage or loss by following the traffic rules and regulations.

  • Maintain Engine Oil Levels

The engine oil levels of your Bajaj V15 should be maintained sufficiently for a smoother and worry-free ride!

Bajaj V15 Maintenance Cost

The Bajaj V15 bike maintenance and service is estimated to range between ₹4,000 - ₹5,000 for three years. You can avail the first three services for free after completing 500 km, 4500 km and 9500 km. Here is the Bajaj V15 service schedule that you need to follow and the total expense:

Service No.

Kilometres/Months

Free or Paid

Total Expenses

First Service

500/1

Free

₹452

Second Service

4500/8

Free

₹171

Third Service

9500/12

Free

₹623

Fourth Service

14500/16

Paid

₹603

Fifth Service

19500/20

Paid

₹916

Sixth Service

24500/24

Paid

₹421

Seventh Service

29500/28

Paid

₹1,192

*These are indicative prices. The actual cost of maintenance of the Bajaj V15 may vary and change from time to time.

About Bajaj V15

The V15 is a gorgeous bike manufactured by Bajaj Auto with a sleek and smooth body. The auto company had purchased the mettle of the INS Vikrant warship after it was sent to be dismantled to give us the Bajaj Vikrant or V15. Available in four different solid colours, the V15 offers a bold performance with an engine capacity of 149.5cc. If you own this beauty, you shall know that the V15 is surely an eye-catcher! Now, let’s move to the Bajaj V15 specifications and features.

Bajaj V15 Specifications

Did you know that the Bajaj V15 has a kerb weight of 135 kg? Let’s go through the V15 specs in detail!

Details

Specifications

Bajaj V15 Mileage

57 kmpl

Engine Displacement

149.5cc

Max Power

11.8 bhp @ 7,500 rpm

Max Torque

13 Nm @ 5,500 rpm

Fuel Type

Petrol

Bajaj V15 Fuel Tank Capacity

13 litre

Bajaj V15 Kerb Weight

135 kg

Tyre

Front Tyre Size: 90/90-18 51P Tubeless

Rear Tyre Size: 120/80-16 60P Tubeless

Brakes

Front Brake: Disc

Rear Brake: Drum

Cooling System

Air Cooled

Here are some lucrative features of the Bajaj V15 two-wheeler that you should know:

Electric Start

Digital Fuel Gauge

LED Tail Lamp

Odometer

Speedometer

Grip Grab Bar

Wider Seat

Turn & Pass Light

With this, you must have understood the importance of Bajaj V15 insurance and the features of the policy. Although the V15 bike model and its variants have been discontinued, you can still opt for coverage with Bajaj Markets. To ensure your two-wheeler is always safeguarded against theft, calamities, own damage, third-party liabilities, etc., you must pick comprehensive insurance.

 

Avoid putting it off anymore and head over to our platform to get the right bike insurance plan! Now estimate the premium rate with our easy-to-use bike insurance premium calculator.  

 

FAQs on Bajaj V15 Bike Insurance

The insurance price for Bajaj V15 is determined based on numerous factors and varies from one insurer to another.

The Bajaj V15 bike has an ARAI mileage of 57 kmpl.

The on-road price of the Bajaj V15 is not available as the bike model has been discontinued.

IDV in bike insurance is the amount you shall get as compensation in the event of theft or complete loss. The Insured Declared Value plays a vital role in deciding the Bajaj V15 bike insurance cost.

Yes. You can easily opt for third-party as well as comprehensive two-wheeler insurance on Bajaj Markets.

The penalty for driving your Bajaj two-wheeler without a valid bike insurance plan is ₹2,000 and/or imprisonment for up to three months for the first offence. For subsequent offences, the penalty is ₹4,000 and/or imprisonment for up to three months.

Happy Customers of Bajaj Markets

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