Following are the car insurance add-ons available for LML bike insurance:  

• Zero Depreciation Cover
• Return to Invoice Cover
• Engine & Gear-box Protection Cover
• Consumable Cover
• Breakdown Assistance
• Tyre Protect
• Daily Conveyance Benefit
• EV Shield Add-on Cover

The India based two-wheeler manufacturer LML became popular in the Indian market owing to their mid-segment bikes and scooter models like Freedom, Spirit of Freedom, Graptor, Freedom Prima, Select 4, Star Euro 200 and many more. The LML Freedom LS was one of the most favoured bikes that gained massive popularity in its time owing to its alloy wheels, headlamp cowl, 4-speed manual gear.

So if you still own an LML bike or scooter, you must obtain LML two-wheeler insurance to avoid unwanted financial drains owing to accident repair or third-part damages.

In fact, the Motor Vehicles Act of 1988 makes it compulsory for every vehicle plying on Indian roads to have two-wheeler insurance to remain road legal.

By obtaining LML bike insurance, you will be able to secure finances and meet big-ticket expenses on repairs or replacements. In fact, an all-round bike insurance policy will offer a number of benefits, including -

• Third-Party Damage Cover - Third-party two-wheeler insurance for LML will provide complete financial coverage for damages inflicted to a third party person, property or vehicle on your behalf during an accident. Hence, it will help reduce financial stress by offering complete financial support to the affected individual.

• Personal Accident Cover - As per the IRDAI, all bike insurance policyholders and their families will receive financial benefits under personal accident cover from their insurer. That is, insurance companies will offer adequate compensation to the policyholder or their family in case of accidents leading to death or disablement.

• Protection From Fines - Under the Indian Motor Vehicles Act 1988, it is compulsory for all bike owners to possess a third-party insurance plan. Not having a valid bike insurance policy will subject the vehicle owner to a fine of ₹2000 for the first time and ₹4000 on repeating the offence. Hence, it is better to pay LML two-wheeler insurance price rather than bear hefty fines in the long run.

• No Claim Benefits - Most reputed bike insurance providers offer a no claim bonus to policyholders at the time of LML two-wheeler insurance renewal for a claim-free year. Such an additional bonus helps to reduce the policy premium proportionately during insurance policy renewal.

• Own Damage Cover - If your bike is covered with valid two-wheeler insurance policy, the insurer will reimburse the expenses that you have to bear to repair the damages caused to your bike from incidents like accidents, fire, natural calamities or theft.

For maximising the benefits, Digit Insurance can be your ideal option. Digit offers competitive LML bike insurance price and about 20-50% No Claim bonus Discounts if you successfully complete a claim-free year.

While choosing an LML two-wheeler insurance, you can stumble across several options online. To make an informed decision, you must compare the feature and benefits of each insurer for maximum benefit. 

Having said that, let's look at the offerings of Digit Insurance below -

1. Wide Range Of Products - Digit allows you to select from a wide range of products like -

• Third-Party Bike Insurance Policy - In an accident where your LML bike has inflicted damages to a third party person, property or vehicle, Digit will pay for the repair cost on your behalf. Also, Digit will take care of all litigation issues arising from such situations.

• Own Damage Cover - Besides third party products, Digit will also offer a standalone own damage cover. Under this cover plan, Digit will provide total compensation for any damage caused to your vehicle from natural calamities, accidents, fire, or theft under this coverage plan.

• Comprehensive Policy - This is a well-rounded two-wheeler insurance policy provided by Digit that offers coverage for both own and third-party damages. You can also choose add-on covers to upgrade your bike insurance policy with this plan.

1. Extensive Network Garages - Digit has an extensive network of over 2900 bike garages across the country. You can enjoy professional repairs and servicing from these garages and opt for a cashless facility for payment convenience.

1. A Number of Add-On Benefits - You can enjoy several add on benefits on availing of LML two-wheeler insurance from Digit like:

• Roadside Assistance
• Consumable Cover
• Zero Depreciation Cover
• Return to Invoice Cover
• Engine Protection Cover

Note that you will have to pay nominal charges above the existing premium to enjoy these benefits.

1. Easy 3-Step Claim Filing Process - Digit also offers a hassle-free claim filing process that involves only 3 steps -

• Call on 1800 258 5956. You will get a link to self-inspection on your registered mobile number.

• Follow the instructions provided and attach the required photographs of your damaged two-wheeler.

• Finally, choose the mode of repair you want- ‘Reimbursement’ or ‘Cashless’.

1. IDV Customisation - Digit also allows its customers to increase or decrease the IDV or Insured Declared Value at their convenience. Therefore, if you have a higher IDV, you can get higher compensation in case your LML two-wheeler gets stolen or sustains irreparable damages.

Furthermore, Digit offers 24x7 customer support and super-fast turnaround time for 2 wheeler claims, thereby assuring you comprehensive financial support during emergencies.

Yes, there are a few methods which you can employ to reduce the premium amount for your two-wheeler insurance policy. Be it LML bike insurance renewal online or its purchase, you must check these tips discussed below to ensure that you are not paying more than what is necessary for your insurance policy:

• Purchase the Insurance Directly from the Insurer - Avoid any agent or broker while buying your insurance policy. Most insurance providers offer the option to buy their policies online by following a simple procedure. This facilitates you to purchase the policy directly from the insurance company and avoid any intermediary and their subsequent charges.
• Apply for the Add-Ons which are Absolutely Necessary - While finalising on the policy, check which add-on covers you really need. Every add-on cover adds to the premium amount, and you should be careful to avoid them unless you really need them.
• Check for No-Claim Bonus Benefits - No Claim Bonus benefits are offered to policyholders if they do not raise any claims against their policy in a year. This benefit is extended as a discount on the premium for the policy in the subsequent year.
• Opt for Voluntary Deductibles - You can opt for voluntary deductibles on your insurance policy that will require you to settle a part of your claims before your insurance coverage kicks in. If you opt for this deductible, you can consequently save on your premium payment for the policy.