LML is a two wheeler manufacturer in India. It began its journey in the year 1972 as Lohia Machines Private Limited wherein it manufactured machinery for man-made industry. The company started two wheeler production as a joint venture with Piaggio & CspA wherein it was responsible for manufacture of 100cc metal bodied geared scooters. By the year 1990 that the company already changed its name to Lohia Machinery Limited and customized its business in manufacture of geared scooters.
By the end of year 1999, Piaggio sold its share to Indian promoters. In India, LML is located in Kanpur industrial belt.
Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.
Presently, LML Motors is offering three bikes in India. Below are LML two wheeler Insurance premium rates for the top 4 LML Bikes:
| LML Bike Models(2019 Registration) | LML Model Variant | Insured Declared Value | Zero Depreciation | Net Premium | More Plans |
|---|---|---|---|---|---|
Disclaimer: The above LML bike insurance premium rates may change as per the LML bike model, variant, fuel type, place of registration, year of registration, policy type, IDV and Add-on covers chosen.
Third-party Liability Insurance:
Yes it is mandatory- Fix up an appointment for the inspection of your LML bike. Do note; this can invite a nominal fee. If the insurance company chooses to offer you the coverage, you can make the payment and get the policy in hand. However, if you are lucky enough, inspection may not be mandatory.
As a new owner it’s your obligation to get the existing two-wheeler insurance transferred in your name within the specified period from the date of transfer of RC. If you fail to do so and if you require raising a claim, the same will not be honored. For a favorable claim, the title on the RC of the two-wheeler and the insurance documents has to match. Also, please understand that the current owner can carry forward his existing No Claim Bonus (NCB) with him. He can use it to seek the premium discount if he purchases a new bike in future. Likewise, as a new owner, you will have to earn this bonus with each claim-free year. You can win a maximum of 50% discount on your own-damage premium with NCB.
Yes-an online policy is very much valid. You can also renew your LML bike insurance policy with a debit/credit biked or even through net banking. Although, for expired policies you will have to contact us for an offline renewal process.
You should opt for a long-term or multi-year two-wheeler insurance plan for your LML bike to enjoy pure convenience and be completely stress-free. You can save on premiums, eliminates the hassles of yearly renewals, skip the paperwork and avoid the gap in coverage since you are insured for an extended period.
Yes, you will receive reminders via SMS and email on renewals if you have bought the policy from Coverfox.com.
The third party bike insurance only covers your legal liability for any loss and damages to third party because of your bike. It will not cover you or your bike for any damages suffered. Whereas, a comprehensive bike insurance will cover your bike from instances of theft, fire and vandalism. It also protects from natural disasters such as cyclone, floods, earthquakes, or from civil disturbances such as riots, which damages your bike. A list of what perils are covered will be provided in the policy document. Make sure you go through the list to understand the protection being offered. Along with this, it also covers any legal liability arising due to the damages caused to any third party triggered by your bike.
