The Complete Activa Insurance Guide

Honda Activa Insurance Guide - BimaBandhu
Explore Activa insurance essentials: coverage types, add-ons, claim steps & more to secure your two-wheeler with the right protection.

In the bustling streets of India where the symphony of honking horns and vibrant colors converges, one sight is unmistakable—the ubiquitous Honda Activa gracefully maneuvering through the urban landscape. With its sleek design, fuel efficiency, and unparalleled reliability, this vehicle has etched itself into the very fabric of India’s two-wheeler culture. From metropolitan cities to serene countryside roads, Activa has become a trusted companion for millions and recorded a 41% YoY sales growth in the first half of 2023 (data). As you embark on the journey with your beloved Activa, there’s a crucial aspect that deserves your attention— Activa insurance.

The undeniable popularity of Honda Activa is a testament to its utility and charm, making it an indispensable part of daily life for countless individuals. This popularity, however, also means that the roads are shared with an array of vehicles, each with its own story and unpredictable trajectory. With the right Honda Activa insurance by your side, you can beat the odds and ride your vehicle with peace of mind.

In this blog post, we will delve into the compelling reasons why securing comprehensive Honda Activa insurance is not just a wise choice but an imperative one. Before we get down to the specifics, let’s understand the basic need for two wheeler insurance.

More About Two Wheeler Insurance in India

Two-wheeler insurance serves as a protective shield for your Honda Activa and shields you from potential financial burdens that can arise from unexpected events on the road. In general, there are two main types of two-wheeler insurance plans available in India to choose from:

Third-party insurance

Third-party insurance is the minimum legal requirement for all vehicles plying on Indian roads, including your Honda Activa. This type of insurance offers coverage against any liability you might incur due to bodily injury, death, or property damage to a third party in the event of an accident involving your bike. It ensures that you are financially protected from legal liabilities that might arise from such incidents. While third-party insurance fulfills the legal mandate, it’s important to note that it only covers the damages suffered by the other party and not your own vehicle.

Comprehensive insurance

Comprehensive insurance, as the name suggests, provides a more comprehensive level of insurance coverage for your Honda Activa. In addition to covering third-party liabilities, comprehensive insurance extends its protection to your Activa as well. This type of insurance encompasses a wide range of scenarios, including accidents, theft, vandalism, natural disasters, and more. If your Activa is damaged in an accident or stolen, comprehensive insurance ensures that you’re not left shouldering the entire financial burden. It offers peace of mind by safeguarding your investment and allowing you to navigate unforeseen challenges without significant financial strain.

When deciding between third-party and comprehensive insurance for your Honda Activa, it’s essential to consider your individual needs and circumstances. While third-party insurance is the legal minimum, comprehensive insurance provides a higher degree of protection, making it a preferred choice for many Activa owners. The comprehensive coverage it offers can prove invaluable in safeguarding your financial interests and ensuring that your Activa remains a source of joy and convenience, rather than a source of worry.

Types of Activa Insurance

Other than the above two types of bike insurance, Activa insurance can also be classified in terms of its make and model. These include:

Activa Insurance Type

Type of Insurance Coverage

Activa 3G insurance

Both Third-Party & Comprehensive

Activa 4G insurance

Activa 5G insurance

Activa 6G insurance

Activa 125 insurance

Also Read: All About Bike Insurance in India

Why Should You Buy Comprehensive Activa Insurance?

Comprehensive Activa insurance is more than just a financial obligation as it safeguards your valuable two-wheeler against a wide array of potential risks and uncertainties. While third-party Activa insurance is the legal requirement, opting for comprehensive insurance offers a range of benefits that can significantly enhance your peace of mind and financial security. Here’s why you should consider buying comprehensive Activa insurance:

  • Holistic protection

Comprehensive insurance goes beyond basic third-party coverage. It provides an all-encompassing shield for your Honda Activa, safeguarding it against various perils, including accidents, theft, natural disasters, and more. Whether you face a minor mishap or a major calamity, your Activa remains protected.

  • Coverage for own damage

Unlike third-party insurance which only covers damages to the other party involved in an accident, comprehensive insurance extends its protection to your Activa as well. In case of an accident or collision, you’re eligible for coverage to repair or replace your Activa, which minimizes the financial burden on your end. Keep in mind that the comprehensive Activa insurance price is comparatively higher than third-party insurance. 

  • Theft protection

Comprehensive Activa insurance offers a safety net against theft, which is particularly relevant in today’s urban landscape. If your Activa is stolen, the insurance compensates you based on the Insured Declared Value (IDV) and helps you get back on the road sooner without bearing the entire cost of a new vehicle.

  • Peace of mind

Life is unpredictable, and accidents can happen to even the most cautious riders. Comprehensive Honda Activa insurance offers peace of mind, knowing that you’re financially protected against a multitude of scenarios that can disrupt your Activa ownership experience.

  • Customizable add-ons

Comprehensive insurance policies often come with the option to add extra coverage based on your specific needs. These add-ons can include zero depreciation cover, roadside assistance, engine protection, and more. You can select suitable add-ons and tailor your coverage to suit your preferences.

What is Covered Under Honda Activa Insurance?

Honda Activa insurance provides coverage for a range of potential risks and liabilities that you may encounter while using your two-wheeler vehicle. The coverage can vary based on the type of insurance policy you choose (third-party or comprehensive) and any additional add-ons you opt for. Here’s an overview of what is typically covered under Activa insurance:

  • Third-party liability coverage

Activa insurance, particularly under third-party liability coverage, safeguards you against potential legal liabilities that might arise from accidents involving your two-wheeler. In the unfortunate event of an accident, this coverage addresses three key aspects: bodily injury, death, and property damage to third parties. If your Activa is responsible for causing bodily harm to pedestrians, passengers, or other individuals, the insurance will provide compensation for medical expenses and rehabilitation. 

  • Own damage coverage (comprehensive insurance)

For those seeking more extensive protection, comprehensive Honda Activa insurance takes the coverage a step further. In addition to third-party liabilities, comprehensive insurance addresses damages to your Activa. This coverage encompasses various scenarios, such as accidents, theft, natural calamities, fire, etc. If your Activa sustains damage due to an accident, the insurance will cover the cost of repairs or replacement, allowing you to regain your vehicle’s roadworthiness without bearing the full financial burden.

  • Personal accident cover

While not a default inclusion, personal accident cover is an optional add-on that can be beneficial. This coverage provides financial compensation in the event of accidental bodily injury, disability, or death of the policyholder or owner-rider. It offers an additional layer of protection by providing a lump-sum payout to address medical expenses, income loss, or other financial challenges that may arise due to an unfortunate accident.

What is Not Covered Under Honda Activa Insurance?

While Honda Activa insurance offers crucial coverage for a variety of potential risks and liabilities, it’s important to note that certain situations and events are typically not covered under the insurance policy. Understanding these exclusions helps you have a clear perspective on the limitations of your coverage. Here are some of the most common Activa insurance exclusions:

  • Normal wear and tear that naturally occurs over time as a result of regular usage 
  • Expenses related to mechanical breakdowns, repairs, or replacements of parts that occur due to mechanical failures 
  • Any damages caused intentionally or deliberately by the policyholder or any other person 
  • Damages resulting from unauthorized use such as racing, speed testing, or similar other activities
  • Damages or losses that occur while the rider is under the influence of alcohol, drugs, or any other intoxicating substances 
  • Damages caused while the rider is operating the Activa without a valid driving license or is using a license that has been suspended or revoked

Disclaimer: It’s important to review your specific insurance policy document and consult with your insurance provider to understand the complete list of inclusions and exclusions that apply to your Honda Activa insurance.

More About Activa Insurance Add-Ons

Here’s a table covering some of the most common Activa insurance add-ons:

Activa Insurance Add-On Description
Zero Depreciation Cover Ensures full claim payout without depreciation deduction during repairs
Engine Protection Cover Offers coverage for engine-related damages, including hydrostatic lock and leakage
Roadside Assistance Cover Provides help during breakdowns, flat tires, battery issues, and other emergencies
No Claim Bonus (NCB) Protection Preserves your NCB discount even after making a claim, reducing future premiums
Personal Accident Cover for Passengers Extends personal accident coverage to passengers traveling on the Activa
Consumables Cover Reimburses costs of consumable items like engine oil, lubricants, and brake fluids
Return to Invoice (RTI) Cover Ensures you receive the original invoice value of your Activa in case of total loss

The benefits and coverage details of these add-ons can vary between insurance providers. Before adding any of these options to your bike insurance policy, make sure to carefully review the terms and conditions to ensure they align with your needs and expectations.

How to Compare Activa Insurance Plans?

Activa insurance plans comparison can help you make an informed decision about the coverage that best suits your needs and preferences. When comparing plans, you’re essentially evaluating various insurance options to determine which one offers the most comprehensive coverage, competitive premiums, and additional benefits. 

Here’s a step-by-step guide on how to effectively compare Honda Activa insurance plans:

  1. Assess your requirements and understand your specific needs. Consider factors such as the model of your Activa, your budget, your risk tolerance, and any additional coverage you might require.
  2. Decide whether you want only third-party insurance or comprehensive insurance. If you opt for comprehensive coverage, identify any specific add-ons you might be interested in, such as zero depreciation or engine protection.
  3. Look for reputable insurance companies that offer Activa insurance policies. Check their reputation, customer reviews, claim settlement ratio, and years of experience in the industry. 
  4. Request quotes from multiple insurance providers for the coverage you’re interested in. Many insurers offer online bike insurance premium calculators that provide estimates based on your input. Make sure the quotes reflect the same coverage and add-ons for accurate comparison.
  5. Compare the premiums offered by different insurers for the same/similar coverage. Keep in mind that the cheapest option isn’t always the best. Consider the overall value provided by the policy, including coverage and benefits.
  6. Carefully read and understand the coverage details of each plan. Look for exclusions, limitations, and conditions that might affect your ability to make claims.
  7. Evaluate the add-ons and benefits offered by each plan. Consider whether the add-ons align with your needs and if they provide value for the additional cost.
  8. Check if the policy has any deductibles or co-payment clauses that refer to the amount you’re responsible for paying before the insurance coverage kicks in.
  9. Research the claims process of each insurance provider. Consider factors such as ease of filing a claim, turnaround time for claim settlement, and customer support.
  10. Find out if the insurance provider has a wide network of authorized garages where you can get cashless repairs. A robust network can make the claims process more convenient.
  11. Read reviews or ask around to assess the quality of customer service provided by the insurance company. Friendly and efficient customer support can make a significant difference during claim settlements.
  12. Check the Honda Activa insurance renewal process and duration of coverage. Some policies offer short-term coverage (1 year), while others might have options for longer terms.
  13. If you’re unsure about certain terms or conditions, consider consulting with an insurance agent or professional who can provide expert guidance.

Recommended Read: All About Bike Insurance Comparison in India

How to Buy an Activa Insurance Policy?

You can choose to buy an insurance policy for your Honda Activa either offline or online. Let’s get into the steps involved in both cases. 

Steps to buy Activa insurance offline

  1. Begin by researching and identifying reputable insurance companies that offer Activa insurance. You can gather information from advertisements, recommendations, or by visiting insurance offices.
  2. Visit the physical office of the chosen insurance company. Inquire about Activa insurance policies and ask for brochures or information booklets to understand the available coverage options.
  3. If available, speak to an insurance agent or representative at the office. Discuss your requirements, provide details about your Activa, and seek their recommendations on suitable coverage.
  4. The agent will provide you with a quote based on your discussions. Review the coverage, premiums, and any add-ons suggested by the agent.
  5. Complete the application form with accurate details about yourself and your Activa. Make sure to include any chosen add-ons if required.
  6. Provide the necessary documents, including identification proof, vehicle registration, and any other documents requested by the insurer.
  7. Pay the premium through any of the accepted payment methods as per the insurer’s guidelines.
  8. Once the payment is processed, you’ll receive a printed copy of your Activa insurance policy. Review the policy document thoroughly to ensure accuracy.
  9. Keep track of your policy’s expiration date and renew it before it lapses to ensure continuous coverage.
  10. You can also buy the insurance policy at the time of buying the vehicle from the authorized dealership. In most cases, they have tied up with different insurance providers to facilitate quick and easy insurance purchases.

Steps to buy Activa insurance online

  1. Consider using online insurance aggregator platforms or official insurer’s websites that allow you to compare quotes for multiple policies in one place.
  2. Provide the required details about yourself and your Activa on the insurer’s website or aggregator platform. This information is used to generate a customized quote.
  3. Select the type of coverage (third-party or comprehensive) and any desired add-ons based on your preferences and needs.
  4. Generate quotes from different insurers by filling out the online forms.
  5. Compare the quotes you’ve received, considering coverage, premiums, and add-ons. Evaluate the value offered by each policy.
  6. Choose the Activa insurance policy that best meets your requirements and budget. Fill out the online application form with accurate details. Make sure to double-check the information before submitting.
  7. Pay the Activa insurance price online using secure payment gateways, including credit/debit cards, net banking, or payment wallets.
  8. Once the payment is confirmed, you’ll receive a digital copy of your Activa insurance policy via email. Download and save the policy document.

How to Renew Your Activa Insurance Policy?

Whether you have purchased Activa insurance policy online or offline, the renewal process is often quite streamlined. Follow these steps for online Honda Activa insurance renewal:

  1. Access your insurer’s online portal or insurance aggregator platform using your credentials.
  2. Locate the renewal option on the portal and follow the prompts to renew your policy.
  3. Review the renewal terms, update information if necessary, and pay the premium as per the changed Honda Activa insurance cost.
  4. Once the payment is confirmed, you’ll receive a digital copy of your renewed policy via email.

You can also renew your policy through a local agent or by visiting the nearby branch of the chosen insurer.

Why Should You Buy Activa Insurance Online?

Buying Activa insurance online offers a range of conveniences and advantages that can streamline the process and enhance your overall insurance experience. Here’s why you should consider purchasing Activa insurance online:

  • It allows you to browse, compare, and select different insurance policies from the comfort of your home, office, or anywhere. You can avoid the need to visit physical insurance offices or agents, saving you time and effort.
  • Online platforms operate round the clock, giving you the flexibility to explore and purchase Activa insurance at any time that suits you. This is especially beneficial if you have a busy schedule or prefer making important decisions outside of regular business hours.
  • Most online insurance platforms provide a streamlined and efficient process for obtaining quotes, comparing policies, and completing the purchase. You can receive instant quotes, customize coverage, and make payments seamlessly, which minimizes the need for lengthy paperwork.
  • You can get comprehensive information about each policy, including coverage details, terms, conditions, and exclusions online. This transparency empowers you to make informed decisions based on a clear understanding of what you’re purchasing.
  • Online platforms also allow you to easily compare different Honda Activa insurance policies side by side, enabling you to evaluate coverage options, premiums, and additional features. This helps you find the policy that best aligns with your needs and budget.
  • Purchasing insurance online often results in immediate policy issuance. You can receive your insurance documents via email and hit the road with confidence knowing you’re adequately covered.
  • Buying insurance online eliminates the need for intermediaries and reduces administrative costs. This can lead to potential cost savings, which might translate into more competitive premiums for you.
  • You can access customer reviews and ratings for different insurance providers and get insights into the experiences of other policyholders. This can help you make more informed choices when selecting an insurance company.

How to File a Claim Under Activa Insurance?

Filing a claim under Activa insurance involves a series of steps to report and process any damages, losses, or liabilities covered by your insurance policy. Here’s a brief guide on how to file a claim:

  1. Contact your insurance company as soon as possible after an accident or incident. Notify them about the details of the event, including the date, time, location, etc.
  2. Gather all relevant information, such as your policy number, vehicle details, contact information of involved parties, and any witnesses. Take photos of the damages to your Activa if any.
  3. In case of an accident involving a third party, it’s advisable to inform the local authorities and file a police report. The police report can serve as important documentation for your claim.
  4. Complete the claim form provided by your insurance company. Include accurate and comprehensive details about the incident, damages, and any injuries sustained.
  5. Attach supporting documents, such as the claim form, a copy of the police report (if applicable), photographs, and any other relevant documentation requested by the insurer.
  6. The insurance company may schedule an inspection of your Activa to assess the damages. Cooperate with the appointed surveyor and provide access to your vehicle.
  7. If required, obtain repair estimates from authorized garages. Ensure that the estimates include a detailed breakdown of the repairs needed and their associated costs.
  8. Once the inspection is completed and all necessary documentation is submitted, the insurance company will review your claim. If the claim is approved, you’ll receive a settlement amount based on the terms of your policy.
  9. You can also proceed with the repairs of your Activa at the authorized garage. The insurance company may offer cashless repair services if your policy includes this benefit.
  10. If your policy includes a deductible (a predetermined amount you’re responsible for), you’ll need to pay this portion of the repair costs.
  11. Retain copies of all communication, documents, and receipts related to the claim for your records.
  12. In some cases, the insurance company may conduct a post-repair inspection to ensure that the repairs were carried out satisfactorily.
  13. Once the repairs are completed and all financial transactions are settled, the claim will be considered closed.
  14. If you haven’t made any claims during the policy term, ensure that your No Claim Bonus (NCB) is properly updated and retained for future policy renewals.

FAQs

Is Activa insurance mandatory in India? 

Yes, it is mandatory to have at least third-party insurance for your Activa as per the Motor Vehicles Act. It covers liabilities arising from third-party bodily injury, death, or property damage.

What is generally covered under Honda Activa insurance? 

Activa insurance covers various aspects, including third-party liability, own damage (in comprehensive plans), theft, accidents, natural calamities, fire, vandalism, and more, depending on the policy you select.

Can I buy insurance for my Activa online? 

Yes, you can easily purchase Activa insurance online through insurer websites or aggregator platforms, making the process convenient and efficient.

How can I renew my Activa insurance policy? 

You can renew your insurance policy either through the same insurer’s website or aggregator platforms. You need to provide your policy details, make the payment, and receive the renewed policy digitally.

Are add-ons necessary in Activa insurance? 

Add-ons enhance coverage and are not mandatory to be included in your base policy. Depending on your needs, you can consider add-ons like zero depreciation, engine protection, roadside assistance, etc.

What should I do in case of an accident involving my Activa? 

Inform your insurer immediately, file a police report, collect information from the involved parties, and follow the claim process provided by your insurer.

How does a cashless claim work? 

In a cashless claim, you can get your Activa repaired at a network garage without paying upfront. The insurer settles the bill directly with the garage, subject to policy terms.

Can I renew my Activa insurance policy after it has expired? 

Some insurers offer a grace period for renewal after the policy has expired. However, it’s advisable to renew the plan on time to avoid coverage gaps.

How can I lower my Activa insurance premium? 

You can lower your premium by opting for higher deductibles, maintaining a safe driving record, accumulating NCB, and choosing relevant add-ons.

Read More at BimaBandhu

1 Shares:
You May Also Like