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Royal Enfield Bullet 350 Insurance

The Bullet is an iconic motorcycle by Royal Enfield that has been in production since 1932. In fact, it is the longest-running motorcycle to be in production! Powered with a 346cc engine, the Royal Enfield Bullet 350 ex-showroom price starts at ₹1.45 Lakh. The Royal Enfield Bullet 350 can be an expensive purchase. Therefore, to ensure that you are protected from financial liabilities in the event of damages and accidents, it is important to buy a Royal Enfield Bullet 350 insurance plan for your vehicle immediately. Bike insurance is mandatory under the Motor Vehicles Act, 1988, making it even more crucial to get the right insurance plan for your two-wheeler. In this article, we will take you through the details of Royal Enfield Bullet 350 insurance. Before that, let us take a look at the Bullet 350 variants.

Royal Enfield Bullet 350 Variants and Insurance Prices

Let’s have a look at the Royal Enfield Bullet 350 variants and the Bullet 350 insurance price list:

Variant

Fuel Type

Ex-Showroom Price*

Estimated Third-Party Premium**

FY 2022-23

(effective 1* April, 2022)

 

Bullet 350 Standard

Petrol

₹1.45 Lakh

₹1366

Bullet 350 KS

Petrol

₹1.51 Lakh

₹1366

Bullet 350 ES

Petrol

₹1.60 Lakh

₹1366

 

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

**Third-party premium rates are indicative. The actual Bullet 350 insurance 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.

Why Do You Need Bullet 350 Insurance?

The Royal Enfield Bullet 350 is known for its iconic design and a sturdy body. However, damage to your precious Bullet can be tough on the pockets. For instance, just replacing the cylinder kit of the Royal Enfield Bullet 350 can cost you up to ₹4,000. Multiple damages can cost you much more! Hence, it is imperative for you to cover your prized possession with the Bullet 350 insurance to be financially secure during an unfortunate event like an accident, theft, or loss. Moreover, the Motor Vehicles Act, 1988, also makes it mandatory to have at least a third-party insurance plan for your Bullet 350.

Buy Royal Enfield Bullet 350 Insurance in a Jiffy!

Buying a two-wheeler insurance online at the Bajaj Markets is rather convenient and quick. The steps are:

Step 1: Visit the ‘Bike Insurance’ section on the Bajaj Markets website.

Step 2: Enter your mobile number and Royal Enfield Bullet 350 registration number.

Step 3: Fill up the insurance application form and provide personal details for KYC.

Step 4: Choose your Bullet 350 insurance plan and any add-ons you wish to include.

Step 5: Pay the premium as calculated online.

Step 6: Once approved, your policy documents will be emailed to you and can also be received in hard copy at your residential address.

Read More: Royal Enfield Insurance

Renew Royal Enfield Bullet 350 Insurance in Just a Few Clicks

To renew your Royal Enfield Bullet 350 insurance, you can follow the steps mentioned below:

Step 1: Visit the ‘Bike Insurance Renewal’ page on Bajaj Markets.

Step 2: Enter your existing two-wheeler insurance policy number, bike registration number, and mobile number.

Step 3: Check your Royal Enfield Bullet 350 insurance details. Include any add-ons as per your needs.

Step 4: Check your bike insurance renewal premium and complete the online payment.

Step 5: Once you pay your premium, your bike insurance policy is renewed.

Read More: Bike Insurance Renewal

Types of Royal Enfield Bullet 350 Insurance Plans to Choose From

When you explore insurance plans for your new bike, you will notice that you can categorise most of the policies available into two main types. These include third-party bike insurance and comprehensive bike insurance:

  • Third-Party Bike Insurance:

Third-Party Bike Insurance has the least premium costs and provides coverage to third parties in case of damage caused to them by your bike. It does not cover any expenses incurred by you or your Royal Enfield Bullet 350 in the process.

  • Comprehensive Bike Insurance:

Comprehensive insurance, on the other hand, provides all the features of third-party insurance plus a lot more. It goes on to cover damages to your own bike and self from a wide variety of risks and threats, as we shall see in the upcoming sections.

What’s Covered Under Bullet 350 Insurance

A third-party plan will only cover the third party from any bodily injuries or property damages that are caused due to your insured two-wheeler. Typically, a standard comprehensive insurance plan will cover you against the damages or losses caused to your bike due to man-made disasters like riots or violence, damages owing to natural calamities like earthquakes, floods, etc.

What’s Not Covered Under Bullet 350 Insurance

The exclusions of comprehensive bike insurance include damage caused due to riding your bike while inebriated, driving without a licence, any loss caused intentionally, regular wear and tear of your bike, etc.

Read More About: Inclusions & Exclusions of Bike Insurance Cover

Add-On Covers for Your Royal Enfield Bullet 350 Insurance

You can enhance the coverage of your Bullet 350 insurance plan with certain add-on covers. Some of the popular add-on covers include:

  • Zero Depreciation Cover

The general wear and tear of your two-wheeler associated with regular usage and ageing are not covered by the insurance plan. This is known as depreciation. Zero depreciation cover helps you get the full claim amount without any deductions due to depreciation.

  • Personal Accident Cover

In case you or your pillion rider sustains an injury in an accident, then this add-on helps you cover the medical expenses.

  • 24x7 Roadside Assistance

The roadside assistance cover has got your back in case you ever get stuck due to a bike breakdown, flat tyre, or run out of fuel. This add-on cover offers you round the clock assistance.

Claiming Royal Enfield Bullet 350 Insurance

Irrespective of the type of claim being filed, you will be required to provide documented evidence for the claim verification and approval process. These documents are:

  • FIR in case of lost or stolen bike or a disputed accident

  • Bill of repairs and material in case of an accident

  • Medical treatment bills in case of physical injury

  • A copy of the bike’s registration certificate

  • A copy of the driver’s licence

  • Original RC book and insurance cover

There are two types of Bullet 350 insurance claims:

  • Cashless Claim Under Bike Insurance:

In this claim, your damaged Bullet 350 will be repaired at the nearest network garage, and your insurer will settle the bill for the repairs directly with the garage.

  • Reimbursement Claim Under Bike Insurance:

In this claim, you can pick a garage of your choice to get your Bullet repaired, bear the repair expenses, and then file a claim for reimbursement against your insurance policy. Your insurer will transfer the settlement amount to your bank account once the claim is approved.

Read More About: Bike Insurance Claim Process

Tips to Reduce the Royal Enfield Bullet 350 Insurance Cost

Here are some easy ways to reduce the insurance premium cost for your Royal Enfield Bullet 350 insurance:

  • Maintain Your Bullet 350:

This is one of the easiest ways to reduce your bike insurance premium! The condition of your motorcycle plays a huge role in determining the bike insurance premium. Hence, maintain your Royal Enfield Bullet 350 in the best shape by getting it serviced regularly.

  • Buy Only Necessary Add-Ons:

Too many add-on covers can increase your bike insurance premium cost significantly. Hence, only opt for the add-ons that you feel are necessary for your motorcycle.

  • Don’t File Claims for Minor Repairs:

Avoid filing bike insurance claims for minor and inexpensive repairs. This is because too many insurance claims in a year can lead to an increase in the price of your bike insurance premiums.

  • Compare Premiums:

Always compare the bike insurance premiums offered by different insurance providers for your Royal Enfield Bullet 350 before you buy a plan that suits your needs.

Tips to Maintain Your Royal Enfield Bullet 350

Here are some important tips that will help you keep your Royal Enfield Bullet 350 running smoothly:

  • Regularly Service Your Royal Enfield Bullet 350:

Get your Bullet 350 serviced regularly to identify any potential damages or problems and get them fixed.

  • Maintain Tyre Pressure:

Always maintain the right tyre pressure of your Royal Enfield Bullet 350 to avoid any internal tyre damage.

  • Lube the Chain Regularly:

The chain on your Bullet 350 is one of the most important parts of the motorbike. Hence, clean the chain and apply a good lube spray on it every 400 km or so.

  • Inspect the Engine:

Regularly check the motorcycle’s engine and ride your Bullet at a steady speed to ensure the engine performs optimally in the long run.

Royal Enfield Bullet 350 Maintenance Cost

The estimated maintenance cost for Royal Enfield Bullet 350 for three years ranges up to ₹9,258. The first three servicings of the motorcycle are free of cost. Here is the Royal Enfield Bullet 350 service schedule: 

Royal Enfield Bullet 350 Service Schedule

Kilometres/Month

Free/Paid

Royal Enfield Bullet 350 Service Cost*

First Service

3,000/3

Free

₹660

Second Service

6,000/6

Free

₹1,120

Third Service

9,000/9

Free

₹220

Fourth Service

12,000/12

Paid

₹1,609

Fifth Service

15,000/15

Paid

₹340

Sixth Service

18,000/18

Paid

₹1,340

Seventh Service

21,000/21

Paid

₹255

Eighth Service

24,000/24

Paid

₹2,034

Ninth Service

27,000/27

Paid

₹220

Tenth Service

30,000/30

Paid

₹1,460

These are indicative prices. The actual cost of maintenance of the Royal Enfield Bullet 350 may vary and change from time to time.

About Royal Enfield Bullet 350

Royal Enfield’s Bullet 350 is the two-wheeler manufacturer’s oldest model. The classic motorcycle is a standard, entry-level offering that comes with Enfield’s old insignia. The bike is a cruiser motorcycle that comes with a 346cc engine. The bike is available in three variants, giving you plenty of options to choose from. Here, we discuss in detail the technical specifications and features of the Royal Enfield Bullet 350.

Royal Enfield Bullet 350 Bike Specifications

Details

Technical Specifications

Engine

  • Displacement - 346cc 

  • BS6 compliant

Transmission

5-speed Manual Transmission

Bullet 350 weight

186 kg

Fuel Tank Capacity

13.5 litres

Max Power

19.1 bhp @ 5,250 rpm

Royal Enfield 350 Mileage/Average

35 kmpl

Fuel Type

Petrol

Ignition

Variable/Electronic Ignition ECu

Cooling system

Air cooled

Clutch

Wet, Multiplate

The actual bike specifications may vary depending on the Royal Enfield Bullet 350 variant.

Key Features of Royal Enfield Bullet 350

Features

Type/Status

Pillion grabrail, seat and footrest 

Available

Speedometer

Analogue

Headlight type

Halogen

Low fuel indicator

Available

Starting mechanism

Kickstart

Killswitch

Available

Automatic headlight on

Available

Daytime running lights

Available

Electric system

12 volt DC

Battery

12 V - 8 Ah VRLA

*The actual bike features may vary depending on the Royal Enfield Bullet 350 variant.

Royal Enfield Bullet 350 On-Road Price Across Major Cities

City

Bullet 350 (Standard) On-Road Price

Royal Enfield Bullet 350 price in Chennai

₹1.66 Lakh

Royal Enfield Bullet 350 price in Bangalore

₹1.83 Lakh

Royal Enfield Bullet 350 price in Mumbai

₹1.72 Lakh

Royal Enfield Bullet 350 price in Delhi

₹1.66 Lakh

Royal Enfield Bullet 350 price in Pune

₹1.72 Lakh

*The actual prices for the Royal Enfield Bullet 350 are subject to change and can vary from time to time based on the variant.

Conclusion

A motorcycle is an expensive investment, so choosing the right one may be a painstaking task. Remember to take your time with the research and deliberate carefully on all the factors that will determine your decision. It is also important that you secure your purchase with a bike insurance cover! So, head over to Bajaj Markets to secure your Royal Enfield Bullet 350 today.

Check Out Bike Insurance Plans Available at Bajaj Markets

FAQs on Royal Enfield Bullet 350 Insurance

What is the Royal Enfield Bullet mileage?

 The ex-showroom price in New Delhi of the Royal Enfield Bullet 350 is between ₹1.45 lakh - ₹1.60 lakh.

How much engine power does the Royal Enfield Bullet 350 have?

The Royal Enfield Bullet 350 has an engine power of 19.1 bhp @ 5250.

What wheel size does the Royal Enfield Bullet 350 have?

The Royal Enfield Bullet 350’s seat height is 800 mm.

Does the Royal Enfield Bullet 350 have ABS or not?

Yes. A single-channel ABS is available on the Royal Enfield Bullet 350.

In which colours is the Royal Enfield Bullet 350 available?

The bike is available in 6 colours - onyx black, black, jet black, regal red, royal blue and bullet silver.

What is meant by IDV in Royal Enfield Bullet 350 insurance?

IDV or Insured Declared Value is the market value of your Royal Enfield Bullet 350, after calculating depreciation on it.

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