TVS Bike Insurance Online - Cost Variants & Specifications

Among the biggest two-wheeler producers, TVS Motor is renowned for generating quality motorbikes. Even though TVS bikes are popular for their robust build, unfortunate accidents can happen to anyone. Therefore, having proper TVS bike insurance is imperative. You just need to log in to the official website, enter the bike’s registration number and your phone number. 

The ex-showroom price of TVS Apache RTR 165RP. & Apache RR310 Is ₹1,45,000 & ₹2,59,000, the estimated 3rd party premium that you may pay will be ₹1,301. Other models like TVS Raider, Star City Plus, Radeon, Sport, Jupiter, Ntorq, and Zest have an ex-showroom price between ₹57,694-86,469 and the estimated 3rd party premium will be around ₹760.

✓No Inspection Policy Issuance ✓24x7 Assistance ✓Quick Claim Processing | Buy a Bike Insurance Plan Starting at ₹457/year*

What is TVS bike insurance?

India saw 1,73,860 traffic accidents in 2020, which caused immense damage to lives and vehicles. Since accidents can happen anytime, it is crucial to invest in an insurance policy for your vehicle. TVS insurance helps you in an unfortunate event like an accident.

 

TVS Motor has been one of the top motorbike producers in the country. The company has been known for producing high-quality two-wheelers. Additionally, it is also a leading insurance provider that offers comprehensive two-wheeler insurance plans to protect you against a mishap.

TVS Two-Wheeler Insurance

Both natural and non-natural mishaps can be devastating physically and mentally. However, they need not be financially devastating too. TVS two-wheeler insurance protects you from financial losses in the circumstances affecting your bike. It ensures that you have the right coverage for damages caused due to unfortunate events such as accidents, thefts, strikes, wars, etc. Natural events such as fires, floods, and cyclones may also damage your bike, and TVS bike insurance is the right way to prevent monetary losses in case of such unforeseen events.

 

To register for TVS two-wheeler insurance, login to the official website, input the registration number of your two-wheeler, select the bike model from available options, enter your phone number and request a quote. The TVS insurance policy premium depends on the ex-showroom price of your two-wheeler. For instance, the ex-showroom prices of TVS Apache RTR 165RP & Apache RR310 are ₹1,45,000 & ₹2,59,000, and the estimated 3rd party premium is ₹1,301. The ex-showroom prices of the other models like TVS Raider, Star City Plus, Radeon, Sport, Jupiter, Ntorq, and Zest range between ₹57,694 - 86,469, and the estimated 3rd party premium will be around ₹760.

Buy TVS Bike insurance online with zero hassles!

If you want to buy TVS bike insurance online at affordable prices, Bajaj Markets is the right place. Follow the steps below to buy TVS two-wheeler insurance online:

 

  • Step 1: Enter your bike registration number and mobile number

  • Step 2: Fill in the requisite details in the application form

  • Step 3: Pick the bike insurance plan that suits your needs

  • Step 4: Make an instant online payment

  • Step 5: Your insurance policy will reach you soon

Additional Benefits of TVS Bike Insurance

Opting for TVS scooty insurance offers you a multitude of benefits in terms of convenience and comprehensive coverage. Here is a comprehensive list of these benefits:

 

  • Coverage for Minimal Expenses: The comprehensive TVS scooty insurance plan covers all the costs involved in repairing damages caused due to a mishap.

  • Add-on Perks: Apart from offering coverage for third-party damages or liabilities, you can also sign up for additional benefits by including add-on services such as roadside assistance, zero depreciation, etc. in their basic TVS insurance plans.

  • Hassle-free digital application: Applying for and renewing TVS insurance online is convenient and hassle-free.

  • Accidental Cover: In case of an accident, you can claim damage cover for the driver or pillion of the vehicle apart from the personal damage coverage worth ₹ 15 lakh.

  • Digital and Electronic Device Coverage: If the electronic and digital devices of the vehicle get damaged in the accident, you can claim coverage for them too.

Add-On Covers for Your TVS Two-Wheeler Insurance

TVS bike insurance plans allow you to upgrade the financial protection of your plan by buying add-on covers for a nominal fee. Below are some add-on covers that you can buy with your basic TVS insurance plan:

 

  • Zero Depreciation Cover: When you buy a zero depreciation cover for your TVS bike insurance, the company will not consider the depreciation of the two-wheeler parts during claim settlement. The policy will thus facilitate comprehensive coverage for the full insured value of the bike without focusing on depreciation. When you make a claim, this helps to minimise the costs incurred by you.

  • Roadside Assistance Cover: A sudden breakdown of your two-wheeler can leave you stranded without help. Roadside assistance cover with your TVS insurance policy allows easy access to services such as tyre changes, towing, duplicate key making, and fuel delivery.

  • Personal Accident Cover: Some experts regard personal accident cover as the most important add-on. It covers the costs of treatment if you incur injuries in an accident on your insured bike.

  • Return to Invoice Cover: Some mishaps can lead to a total loss of your two-wheeler. A return to invoice cover is helpful in such cases. It allows you to get compensated according to the purchase invoice of your bike.

Why is it Important to Insure Your Bike with TVS two-wheeler insurance?

You may have a bike with the best features or specifications but that doesn’t protect it against mishaps. If you get involved in an accident, the costs of replacement for parts such as levers, indicators, cables and mirrors can easily add up. This can leave you financially drained. Thus, an insurance policy is quintessential to ensure peace of mind and financial protection at such times.

Top TVS Bike Models

Below is a list of some top TVS two-wheeler models along with the estimated premium price for TVS insurance. 

Note: The mentioned ex-showroom prices are for Delhi and vary according to city. The premium prices for third-party insurance are also indicative and the actual premium will depend on several factors. Check the current premium rate before buying your TVS two-wheeler insurance.

TVS Bike Models

Ex. Showroom Price*

Fuel Type

Estimated Third-party Premium**

Apache RTR 165RP

₹1,45,000

Petrol

₹1366

Apache RR 310

₹2,59,000

Petrol

₹1366

TVS Raider

₹77,500 - 86,469

Petrol

₹714

TVS Star City Plus

₹46,428 - 68,915

Petrol

₹714

TVS Radeon

₹59,925 - 73,007

Petrol

₹714

TVS Sport

₹35,990 - 65,285

Petrol

₹714

TVS Jupiter

₹66,998 - 77,773

Petrol

₹714

TVS Ntorq

₹59,152 - 96,574

Petrol

₹714

TVS Jupiter 125

₹75,625 - 82,575

Petrol

₹714

TVS Zest 110

₹57,694 - 72,170

Petrol

₹714

Tips to Reduce TVS Two-Wheeler Insurance Premium

The tips below will enable you to lower the premium associated with your TVS insurance plan:

 

  • Avail No Claim Bonus while renewing your policy: If you do not make any claims in your policy year, you will be offered a lower premium for renewing the policy. This is known as “no claim bonus” and can go up to 50% for consecutive claim-free years.

  • Compare Quotes Online: You can seek multiple TVS insurance quotes online and choose one based on price and requirements.

  • Do not claim inexpensive repairs: While it may tempt you to claim all big and small repair expenses, you will lose the no-claim bonus if you do so. Thus, if the repair expenses are not too high, cover them yourself and protect your no-claim bonus.

  • Maintain Your Bike: Getting your two-wheeler serviced regularly and maintaining it in good condition can ensure fewer issues. This can reduce the frequency of claims and thus reduce your premium in the future.

Make a Claim Under Your TVS Bike Insurance

There are two types of TVS two-wheeler insurance claims:

 

  • Cashless Claim Under Bike Insurance: With cashless claim in TVS insurance policy, you can get accidental damages repaired at the nearest network garage. The insurer will directly pay the garage for incurred expenses and you will only need to clear the deductibles based on the policy.

  • Reimbursement Claim Under Bike Insurance: This claim type requires you to get your TVS bike fixed at your preferred garage, make the payment out of your pocket, and raise a reimbursement claim against your policy. Once the claim is approved, the settlement amount is transferred to your bank amount after subtracting any deductibles.

Below are the important documents that you need for filing a claim under your TVS insurance:

 

  • TVS two-wheeler insurance policy document

  • Bike details

  • Insurer details

  • Details of the Incident

  • FIR copy, in case of theft/vandalism

  • Original bills and receipts of the vehicle repair

Steps to Renew TVS Bike Insurance Online

Satisfied with your TVS insurance? Here is how you can renew it and extend the coverage to the next year:

 

  • Step 1: Enter your previous policy details

  • Step 2: Input your personal and bike-related details

  • Step 3: Check your renewal premium

  • Step 4: Make an instant online payment

  • Step 5: Your TVS insurance will be renewed

Comprehensive or Third-Party Bike Insurance: Which One to Choose?

The unavailability of adequate information often leaves us confused regarding the type of TVS insurance to invest in. You can choose between comprehensive or third-party bike insurance. Below is an explanation of each type to make the decision easier.

  • Third-Party Bike Insurance: 

The Motor Vehicles Act, of 1988 mandates all two-wheeler owners to have third-party bike insurance. Under this insurance type, if the insured vehicle is in an accident and causes damage to another vehicle or person, the insurance protects the vehicle owner against legal liability regarding an injury or damage caused to the other party. This type doesn’t cover the owner or their bike. The premium on these policies is lower.

  • Comprehensive Bike Insurance:

A comprehensive bike insurance plan will cover third-party liabilities and damage caused to your bike. The coverage includes theft, calamities, personal accident cover, personal damage, etc. Hence, the premium for comprehensive TVS insurance costs relatively higher. You can extend the scope of your comprehensive bike insurance policy with add-on benefits.

While third-party insurance is cheaper, there is no guarantee that your bike will not be damaged in an accident. This insurance type is recommended only if you ride your bike rarely or the bike is already very old. In other cases, comprehensive TVS insurance is the right choice.

What’s Covered Under Bike Insurance?

A third-party TVS insurance for your bike covers damages caused to the other party in an accident with your insured bike. This includes bodily injuries, death, damages to their vehicle, etc. Comprehensive TVS insurance, on the other hand, covers your vehicle against damages, theft, natural and man-made disasters and other unfortunate events.

What’s Not Covered Under Bike Insurance?

A comprehensive TVS insurance doesn’t cover damages caused outside the designated geographical area, mechanical or electrical breakdowns, natural wear and tear of the bike, etc.

Conclusion

Bajaj Markets allows you to purchase TVS insurance for all TVS bikes and models including the ones that have been discontinued. So, visit our platform and buy TVS insurance for your prized possession now!

 

In case you are wondering about the TVS insurance premium you need to pay, the bike insurance premium calculator available on Bajaj Markets can help. You can also use this tool to compare quotes from other insurers in India.

Check Out Bike Insurance Plans Available at Bajaj Markets

FAQs

  • ✔️Is it compulsory to buy bike insurance for my TVS bike?

    Yes, A third-party bike insurance policy is mandatory by law under the Motor Vehicles Act, of 1988. You cannot legally drive on Indian roads if you do not have insurance for your bike.

  • ✔️️Can I get TVS Two - Wheeler Insurance for less than a year?

    No, according to a supreme court ruling, all new two-wheelers need to have third-party insurance for a minimum of 5 years. All renewals also happen for a minimum of one year. You can purchase TVS insurance plans on Bajaj Markets. These have a minimum coverage duration of 1 year.

  • ✔️What will happen if I do not have bike insurance for my new TVS bike?

    All bike owners are mandated by law to have active third-party insurance on their bikes. You will be issued a challan if you fail to present an active third-party TVS insurance plan to the traffic police. Multiple violations can lead to licence cancellation and/or imprisonment.

  • ✔️️What is the fine for driving without a valid Two - Wheeler Insurance policy?

    The penalty for driving your TVS motorcycle without a valid bike insurance policy is ₹2,000 and/or imprisonment for up to three months for the first offence. For subsequent offences, the penalty is ₹4,000 and/or imprisonment for up to three months. Multiple offences may also lead to licence cancellation

  • ✔️Can I avail of the NCB reward on my TVS bike insurance if I switch to another insurance provider?

    Yes, as the no-claim bonus (NCB) belongs to the policyholder, you can avail of the discount on your TVS insurance premium even if you switch to a different insurance provider.

  • ✔️What is IDV in Two-Wheeler Insurance?

    IDV stands for Insured Declared Value. It is the maximum amount that will be paid out in case of theft or total damage caused to your TVS bike. Thus, the IDV is a crucial component of two-wheeler insurance.

  • ✔️How much time does it take to renew TVS bike insurance?

    Bajaj Markets allows you to renew your TVS insurance in just 5 minutes.

  • ✔️Which insurance add-ons should I get for my TVS bike?

    You can choose add-ons based on your budget and requirements. Some popular TVS insurance add-ons include bikes include zero depreciation cover and no claim bonus cover

  • ✔️Where can I get insurance for my TVS bike?

    Bajaj Markets is the perfect destination to buy insurance for your TVS bike. Visit the website, input your details, compare all the plans, and choose a policy based on your requirement and budget. With Bajaj Markets, it is easy to buy a policy in just 5 mins.

  • ✔️Which insurer has the best TVS bike claim settlement ratio?

    Some insurers that have a brilliant track record of TVS bike claim settlements include ICICI Lombard general insurance and Acko general insurance.

  • ✔️How can I obtain assistance with bike insurance for my TVS bike?

    Bajaj Markets customer support team can assist you with all queries related to TVS insurance.

  • ✔️Can I renew my bike insurance coverage for my TVS bike when it expires?

    Your policy document will mention the grace period for policy renewal. It varies between 30-90 days and you can still renew your policy in that duration after expiry.

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