LML Two Wheeler Insurance
Get LML Bike Insurance Policy starting from ₹752 only

Third-party premium has changed from 1st June. Renew now

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.

What’s Covered in LML Two Wheeler Insurance

What’s not Covered

It is equally important to know what’s not covered in your two-wheeler insurance policy, so that there are no surprises when you make a claim. Here are some such situations:

Own Damages for Third-Party Policy holder

In the case of a Third-Party or Liability Only Bike Policy, damages to own vehicle won’t be covered. 

Drunk Riding or without a Licence

Your bike insurance won’t cover for you in situations where you were riding drunk or without a valid two-wheeler licence.

Driving without a valid Driving Licence holder

If you hold a learner’s licence and were riding your two-wheeler without a valid licence-holder on the pillion seat- then your claim in those situations won’t be covered.

Consequential Damages

Any damage which is not a direct result of the accident (e.g. after an accident, if the damaged two-wheeler is being used incorrectly and the engine gets damaged, it will not be covered)

Contributory Negligences

Any contributory negligence(e.g. damage due to driving a two-wheeler in a flood, which is not recommended as per the manufacturer’s driving manual, will not be covered)

Add-ons not Bought

Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.

Why Should You Buy Digit's LML Two Wheeler Insurance?

LML Bike Insurance Plans that Fit Your Needs

Third Party Comprehensive Own Damage

Damages/Losses to own two-wheeler due to an accident

×

Damages/Losses to own two-wheeler in case of fire

×

Damages/Losses to own two-wheeler in case of a natural calamity

×

Damages to Third-Party Vehicle

× ×

Damages to Third-Party Property

× ×

Personal Accident Cover

× ×

Injuries/Death of a Third-Party Person

× ×

Theft of your scooter or bike

×

Customize your IDV

×

Extra protection with customized add-ons

×
Get Quote Get Quote Get Quote

Know more about the difference between comprehensive and third party two wheeler insurance

Add-ons Available for LML Two Wheeler Insurance

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

How to Buy/Renew Your LML Two Wheeler Insurance with Digit?

Step 1

On the Digit App or website, enter bike’s registration number, select the policy status and click on ‘View Prices’.

Step 2

Select the plan, add-ons and click on ‘Continue.’

Step 3

Enter your personal, nominee and vehicle details and click on ‘Pay Now.’

Step 4

Complete the payment and mandatory KYC verification process.

Step 5

You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.

How to file a Claim?

After you buy or renew our two wheeler insurance plan, you live tension free as we have a 3-step, completely digital claims process!

Step 1

Just call on 1800-258-5956. No forms to be filled.

Step 2

Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damages from your smartphone through a guided step by step process.

Step 3

Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.

How fast are Digit Insurance Claims Settled? This is the first question that should come to your mind when switching your insurance company. Good you’re doing that! Read Digit’s Claims Report Card

A Brief History of LML Two Wheeler

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.

Why You Must Opt for LML Two Wheeler Insurance Policies

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.

Why Must You Choose Digit for Your LML Two-Wheeler Insurance?

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:

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.

How Can You Reduce Your LML Two Wheeler Insurance Premium?

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.

FAQs about LML Insurance Policy Online in India

Does Digit cover consequential damages under two-wheeler bike insurance?

No, Digit does not offer coverage for consequential damages under the two-wheeler insurance policy.

What is Return to Invoice cover?

If your two-wheeler gets stolen or is damaged beyond repair, the Return to Invoice add-on policy will cover the costs of getting you the same or similar bike along with the road tax and registration fees for the same.