Updated Royal Enfield prices with mandatory five-year insurance

08/09/2018 - 15:07 | ,   | Suvil Susvirkar

The Insurance Regulatory and Development Authority (IRDA) has made the five-year third party insurance mandatory as against the current coverage for one year which has resulted in increased on-road prices of the vehicles. The Supreme Court of India passed the judgement that the third party insurance cover for two-wheelers should be for a period of five years.

royal enfield classic 350 signals edition
Insurance Regulatory and Development Authority (IRDA) has made the five-year third party insurance mandatory which has resulted in a price hike of all the vehicles that are sold in the Indian market.

Also read: Royal Enfield Himalayan ABS launched in India; deliveries commence - Report

Prices for the five year mandatory insurance for RE bikes range from INR 7,781 (for the Bullet STD - 350 UCE) to INR 17,558 (for the Thunderbird 500X). Apart from the mandatory insurance, buyers can also opt for the more premium offerings which include:

  • One-year zero-depreciation insurance and four-year third-party insurance (Ranges from INR 8,563 to INR 18,895)
  • Five years comprehensive insurance (Ranges from INR 13,112 to INR 26,918)
  • Five-year zero-depreciation insurance (Ranges from INR 16,725 to INR INR 33,597)

The insurance options, listed above, will increase the prices further. Check out the updated prices of Royal Enfield motorcycles after the mandatory five-year insurance. All prices mentioned below are for Mumbai:

ModelEx-showroomRTO charges1 yr. Comp. + 4 yr. TPOn-roadOptional 1 yr. Zero Dep. + 4 yr. TPOptional 5 yr. Comp.Optional 5 yr. Zero Dep.
Bullet STD - 350 UCEINR 1,16,207INR 14,824INR 7,781INR 1,38,812INR 8,563INR 13,112INR 16,725
Bullet 350 Electric StartINR 1,30,495INR 16,573INR 7,910INR 1,54,978INR 8,789INR 13,898INR 18,286
Bullet 500INR 1,68,480INR 21,222INR 17,273INR 2,06,975INR 18,407INR 25,213INR 30,879
Classic 350 (rear disc brake)INR 1,47,195INR 18,617INR 8,061INR 1,73,873INR 9,052INR 14,815INR 19,765
Classic 350 Gun GreyINR 1,48,113INR 18,729INR 8,070INR 1,74,912INR 9,067INR 14,865INR 19,486
Classic Signals 350INR 1,61,984INR 20,427INR 8,195INR 1,90,606INR 9,286INR 15,627INR 21,075
Classic 500INR 1,84,938INR 23,236INR 17,429INR 2,25,603INR 18,674INR 26,144INR 27,389
Classic 500 MatteINR 1,87,870INR 23,595INR 17,456INR 2,28,921INR 18,721INR 26,311INR 32,629
Classic 500 ChromeINR 1,95,371INR 24,513INR 17,528INR 2,37,412INR 18,843INR 26,735INR 33,305
Thunderbird 350INR 1,49,750INR 18,929INR 8,084INR 1,76,763INR 9,093INR 14,955INR 19,991
Thunderbird 500INR 1,90,872INR 23,963INR 17,485INR 2,32,320INR 18,770INR 26,480INR 33,597
Thunderbird 350XINR 1,56,581INR 19,766INR 8,146INR 1,84,493INR 9,200INR 15,330INR 20,596
Thunderbird 500XINR 1,98,604INR 24,909INR 17,558INR 2,41,071INR 18,895INR 26,918INR 33,597
Himalayan ABSINR 1,78,833INR 22,489INR 17,371INR 2,18,693INR 18,575INR 25,799INR 31,813
Himalayan Sleet ABSINR 1,80,669INR 22,714INR 17,388INR 2,20,771INR 18,604INR 25,903INR 31,979

Royal Enfield Himalayan Sleet front left quarter at 2018 BIMS
Buyers can also opt for more premium insurance packages for extra cost. All the options are listed in the table above.

Also read: Royal Enfield Himalayan wears Dakar Rally inspired outfit in Thailand

The price increase is applicable on ALL vehicles that will be sold in the Indian market. Thus, the resulted increase due to the mandatory five year insurance is not likely to affect sales of any particular manufacturer.

[Source: AutocarIndia.com]

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