Royal Enfield Bullet 500 Two Wheeler Insurance

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The Royal Enfield Bullet is one of the traditional motorcycle models from the house of Royal Enfield. It was originally made by the company in Redditch, Worcestershire and is now manufactured by Royal Enfield India. The Bullet 500 is the higher engine displacement version of this motorcycle model which remained in a continuous chain of production from 1948. The Royal Enfield Bullet 500 was initially launched for the Indian market back in 2008, as a successor to its 350 cc variant. It packed a lot of power and torque, making it so popular in the country. However, as of April 2020, the 500cc variant of the Bullet, along with its Classic and Thunderbird counterparts, was discontinued from production.

Royal Enfield Bullet 500 Features

The company offered the Bullet 500 in three main variants down the years, including the Bullet 500 Base with rear drum brake, the Bullet 500 STD with rear disc brake and the Bullet 500 ABS. In terms of its features, the bike came with a very minimalistic design and included things like an air-cooled SI engine, kick and self-start options, full analogue instrument cluster, single body seat design, passenger side footrest, low fuel indicator, halogen headlight, bulb taillight, bulb turn signal indicators, chain drive, telescopic front suspensions, twin gas-charged shock absorbers for rear suspensions, front and rear disc brake options, dual-channel ABS option, spoke wheels and tube tyres.

Royal Enfield Bullet 500 Specifications

Mileage32 km/l
Fuel TypePetrol
Engine Displacement499 cc
Total Cylinders1
Maximum Power Output (bhp@rpm)27.2bhp@5250rpm
Maximum Torque Output (Nm@rpm)41.3Nm@4000rpm
Cooling SystemAir cooled
TransmissionManual
Gear Box5-Speed
Fuel Tank Capacity13.5 litres
Available Ground Clearance140 mm
Front Wheel Size19 inch
Rear Wheel Size18 inch
Class TypeCruiser Bike
Wheelbase1370 mm
Seat Height800 mm

Royal Enfield Bullet 500 Bike Insurance

Accidents are unpredictable and they can happen anywhere, most of the time without your fault. This is the reason why getting Royal Enfield Bullet 500 insurance is highly advised. Motor insurance comes with different types of included benefits to help assist at the time of accidents. Similarly, bike insurance also offers various legal liability and financial aid to the policyholder when required. Individuals can both purchase a new Royal Enfield Bullet 500 bike insurance or have their expired Royal Enfield Bullet 500 bike insurance renewal completed over the internet. Getting it from a local policy provider is also an option that is widely offered in India. This page further explains the basic details that are necessary when buying Royal Enfield bike insurance of Bullet 500 model in India.

Types of Royal Enfield Bullet 500 Bike Insurance

The available coverage types for a new Royal Enfield Bullet 500 bike insurance are listed below;

  • The third-party type motor insurance, which provides coverage and compensation to the third party’s bodily injuries, loss of life and property damages.
  • The comprehensive type of motor insurance, which provides damage compensation for the third party, as well as, for the policyholder’s own damages.

At the time of the Royal Enfield Bullet 500 bike insurance renewal, these two options are also available for individuals to select from. The Royal Enfield Bullet 500 bike insurance cost for the comprehensive type coverage is more than that of the basic third-party bike insurance policy. But despite its higher Royal Enfield Bullet 500 insurance price, the comprehensive type coverage is the most recommended one.

What is Covered Under Royal Enfield Bullet 500 Insurance Policy? 

The coverage policy under the Royal Enfield Bullet 500 bike insurance includes damages such as;

  • Theft or total loss of the bike
  • Nature or man-made disasters causing damages to the bike
  • Damage coverage of the insured party
  • Damage coverage for the affected third party

By paying more in terms of the overall Royal Enfield Bullet 500 insurance price, individuals can get access to the comprehensive bike insurance policy, which offers better damage protection for the insured party.

What is not Covered Under Royal Enfield Bullet 500 Insurance Policy? 

The coverage for damages that are not included with the Royal Enfield Bullet 500 bike insurance policy includes;

  • Damages caused when riding the bike drunk
  • Damages caused while in the act of breaking the law
  • Damages caused by the lack of care of the bike owner
  • Normal wear and tear type damages
  • Damages caused due to unethical usage of the bike
  • Damages caused when riding the bike without RC book, DL, PUC and the insurance certificate
  • Mechanical or electrical breakdown

Due to the lower Royal Enfield Bullet 500 insurance price of the third-party policy, it is picked more often. However, the coverage type that is better, safer and more suggested is the comprehensive type policy.

How to Purchase or Renew Your Royal Enfield Bullet 500 Bike Insurance Policy? 

Thanks to the internet, individuals can now get a look at the different types of policy options and Royal Enfield Bullet 500 bike insurance cost points from the ease of their homes. This is possible both at the time of getting a Royal Enfield Bullet 500 bike insurance renewal on the internet and while buying a Royal Enfield Bullet 500 bike insurance online. The procedure for this is mentioned in the following section.

Steps to getting Royal Enfield Bullet 500 bike insurance online:

  1. Look for the policy.
  2. Mention the details of the vehicle that you want to insure.
  3. Select type of policy coverage.
  4. Get the estimate on what the policy would cost.
  5. Pay the required price for it.

After the payment for the brand new Royal Enfield Bullet 500 bike insurance is done, the policy will be generated. This is how simple it is to get your Royal Enfield Bullet 500 bike insurance online. 

Royal Enfield Bullet 500 Review

The Royal Enfield Bullet 500 offers the iconic styling and riding experience of the Bullet with a higher displacement engine, which offers more power for the road. The Bullet 500 steals the glances of every bike enthusiast on the road, and will forever remain one of the best Indian motorcycles. It also offers quite a selection of features and has great performance and brand significance. Do get a Royal Enfield Bullet 500 bike insurance policy for better accidental damage protection on the road.

Royal Enfield Bullet 500 Insurance FAQs

  • 1. Which type of Royal Enfield Bullet 500 bike insurance policy is better?

    The comprehensive type Royal Enfield Bullet 500 bike insurance policy is a far better and superior option in terms of overall damage coverage.

  • 2. What type of claims can I go for with my comprehensive Royal Enfield Bullet 500 bike insurance policy?

    Along with the comprehensive type Royal Enfield Bullet 500 bike insurance policy, individuals can go with the reimbursement claim or the cashless claim.

  • 3. How can I select add-ons with the Royal Enfield Bullet 500 bike insurance policy?

    In order to select additional damage protection with your coverage, make sure to go with the comprehensive type of policy.

  • 4. Will my Royal Enfield Bullet 500 bike insurance policy lapse if it is not renewed on time?

    Yes, if your Royal Enfield Bullet 500 bike insurance policy is not renewed on time then the policy will lapse.

  • 5. What are the two popular add-ons offered for the Royal Enfield Bullet 500 bike insurance policy?

    The two popular add-ons with the Royal Enfield Bullet 500 bike insurance include zero depreciation and passenger coverage.

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