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About TVS iQube Electric Bike Insurance

With a growing emphasis on eco-friendly transport and fuel alternatives, the Indian market has seen the arrival of electric two-wheelers or e-bikes. E-bikes tend to be expensive and have certain limitations and risks involved. While the risks are limited due to relatively more control over performance and speed, it is still important to insure your vehicle against possible damage or loss due to a variety of incidents. The TVS iQube Electric bike is a one of a kind e-bike in the market, introduced by the TVS Motor automotive company that is drawing more attention. There are several insurance options available today, from which one can choose the perfect plan for their e-bike. Read on to know more about TVS iQube Electric bike insurance cost, inclusions, exclusions, add-ons and more.

Why is it important to buy TVS iQube Electric Bike Insurance?

The majority of Indians do not consider insurance for two-wheelers as essential as insurance for four-wheelers. The common belief is that generally two-wheeler insurance does not get utilised as much, but in reality, accidents or damage to property can often strike unannounced. Without insurance cover, the vehicle owner has to bear the brunt of the costly repairs or in some cases total loss of the vehicle. Getting a two-wheeler or ebike insurance plan will safeguard you against such incidents. Additionally, two-wheeler insurance has been mandated by the Motor Vehicles Act (1988).

Types of Insurance Plans Offered for TVS iQube Electric Bike Insurance

If you are looking to buy two-wheeler insurance or specifically TVS iQube Electric bike insurance, there are two main types of plans you should be aware of:

  • Third-Party Liability Insurance

This basic insurance is compulsory in India. The insurance coverage protects the insured from the legal or financial liabilities related to damages or loss sustained by a third-party and their vehicle in event of an accident.

  • Comprehensive Two-Wheeler Insurance Policy

This policy provides comprehensive protection to the policyholder and their vehicle against natural disasters, man-made disasters, fire, theft and so on. You can also opt for longer-term policies that do not need to be renewed as frequently as on a yearly basis.

Why choose Finserv MARKETS for TVS iQube Electric Bike Insurance?

Finserv MARKETS is a digital platform that offers a range of insurance policies for different purposes all in one place. It allows customers to view and compare a variety of policies, features and costs to find the exact coverage they are looking for. With the help of Finserv MARKETS, you can find the most reasonable TVS iQUbe Electric bike insurance cost, after comparing your options.

Inclusions in TVS iQube Electric Bike Insurance

The coverage for TVS iQube Electric Bike Insurance includes protection against damage or loss sustained due to:

  • Accidents or collisions

  • Theft

  • Fire

  • Natural disasters: floods, earthquakes, hailstorms, etc.

  • Man-made disasters

  • Personal accident or injury

  • Damage or loss sustained by a third party

Exclusions in TVS iQube Electric Bike Insurance

Traditionally, most Indian insurance providers offer fairly limited coverage in e-bike insurance. Here is a list of incidents that are not covered in e-bike insurance:

  • Damages sustained when the driver is driving without a license

  • Damages sustained when the driver is driving under the influence

  • Damage sustained when learning driver is driving without a license holder on the pillion seat

  • Consequential damages sustained due to the bike being used incorrectly

  • Normal wear and tear

  • Consequences of negligent driving

  • Absence of corresponding add-ons

Add-ons to TVS iQube Electric Bike Insurance

In order to extend your TVS iQube Electric Bike insurance, you can avail add-ons such as:

  • Zero depreciation cover

  • Return to invoice cover

  • Engine protection

  • NCB protection

  • Roadside assistance cover

  • Consumables cover

  • Tyre protection cover

How to Apply for TVS iQube Electric Bike Insurance?

You can apply for e-bike insurance in a few simple steps:

  1. Visit the official website of the insurance provider you have selected.

  2. Fill in registration details and enter the number on your number plate.

  3. Provide your mobile number, email ID and driver’s license information.

  4. Enter the age and condition of your TVS iQube Electric Bike.

  5. You will be shown different TVS iQube Electric bike Insurance costs.

  6. Compare your options, select a quote and proceed to payment.

Claim Process

Following the protocol for filing a claim correctly and in a timely manner is crucial for getting a claim settlement.

  1. Contact your insurer promptly in the event of an accident and provide all the necessary information about the damage or loss sustained.

  2. File an FIR as well and provide all relevant details about the incident, all parties involved, witnesses and damages sustained,

  3. Enlisting a surveyor to evaluate the damage is also vital. After the claim application is completed, submit it to the insurer and wait to hear back.

  4. The claim process can be done offline via a local branch, or by calling the customer care helpline or via email.

  5. Ensure that the validity of your policy is intact at the time of claim settlement and keep documents such as your driver’s license/permit ready.

  6. Once approved, the claim settlement procedure will be completed once the vehicle repairs are all done.

Wrapping it Up!

Coverage for two-wheelers such as e-bike insurance is not just beneficial for your finances, but also a necessary protective measure. Whether your vehicle runs on conventional fuel or is an electric bike, buying insurance is a wise move. Today, buying vehicle insurance is made easier than ever by online platforms such as Finserv MARKETS. Compare policies and choose from a variety of options to find the e-bike insurance that suits you the best. Buy TVS iQube Electric bike insurance today, from the comfort of your own home!

Check Out Bike Insurance Plans Available at Bajaj MARKETS

FAQs about TVS iQube Electric Insurance

  • ✔️How much does TVS iQube E-bike insurance cost?

    TVS iQube E-bike insurance quotes vary from insurer to insurer, but are overall more affordable compared to conventional fuel two-wheelers.

  • ✔️What kind of coverage does comprehensive TVS iQube e-bike insurance provide?

    Typically, Comprehensive Insurance protects you against a number of risks such as loss or damages due to theft, crash, collision, fire, natural as well as man-made disasters.

  • ✔️What is not covered in a typical e-bike insurance policy?

    Traditionally, most Indian insurance providers offer fairly limited coverage in e-bike insurance. Here is a list of incidents that are not covered in e-bike insurance:

    • Damages sustained when driver is driving without a license

    • Damages sustained when driver is driving under the influence

    • Damage sustained when learning driver is driving without a license holder on pillion seat

    • Consequential damages sustained due to bike being used incorrectly

    • Normal wear and tear

    • Consequences of negligent driving

    • Absence of corresponding add-ons

  • ✔️Where can I buy car insurance for my TVS iQube Electric bike?

    You can browse a wide range of insurance plans on Finserv MARKETS.

  • ✔️Can I get my TVS iQube Electric bike insurance online?

    Yes, you can get your TVS iQube Electric bike plan online through the Finserv MARKETS’ hassle-free contactless process.