TVS Bike Insurance Online - Cost Variants & Specifications

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 and enter the bike’s registration number and 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.

TVS Bike Insurance

TVS Motor is one of the largest two-wheeler manufacturers known for delivering top-quality vehicles. The brand manufactures scooters, motorbikes, mopeds, electric scooters as well as three-wheelers. The ex-showroom price for TVS two-wheelers starts at ₹41,000 and goes up to ₹2.59 Lakh. Although the bikes are known for their durable design and suitability for riding on Indian roads, unfortunate mishaps can affect anyone. While road accidents can cause emotional stress to everyone involved, not having the right coverage can lead to significant financial loss.

Top TVS Bike Models

Let’s look at some of the top TVS two-wheeler models and the TVS bike insurance price list -

The ex-showroom prices are for Delhi and are subject to change based on the city.

Third-party premium rates are indicative. The actual premium that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your bike insurance policy.

Buy TVS Bike Insurance Online With Zero Hassles!

You can opt for TVS bike insurance available at amazing prices with Bajaj Markets -

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

Step 2: Provide the necessary information 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 in no time.

Steps to Renew TVS Bike Insurance Online

Continue with your TVS bike insurance coverage in the following way -

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 bike insurance will be active soon.

Read more: Bike Insurance Renewal

Why is it Important to Insure Your TVS Bike?

No matter how great the bike’s features or specifications are, mishaps on the road can greatly affect your two-wheeler. If you were involved in an unfortunate accident, the cost of replacing bike parts like indicators, cables, levers, mirrors and other components can easily be ₹20,000 - ₹40,000. Having an insurance policy ensures that your two-wheeler is protected against such unforeseen events at all times.

Additional Benefits of TVS Bike Insurance

The TVS scooty insurance offers certain additional benefits to its policyholders by  charging additional yet nominal fees along with the base insurance plan -

• Coverage for Minimal Expenses -

 The comprehensive TVS scooty insurance plan covers all the repairing charges caused to vehicle collision or accidental damages without any hassle.

• Add-on Perks - 

Apart from offering coverage for third-party damages or liabilities, the policyholders can upgrade their benefits by including add-on facilities like roadside assistance, zero depreciation, etc. in their basic TVS scooty insurance plans.

• Digital Application Procedure -

Online policy purchase and renewal facility that can be availed at any point in time.

• Accidental Cover - 

The policyholder can get damage cover for the paid driver or passengers of the vehicle apart from the personal damage coverage worth Rs. 15 lakh.

• Digital and Electronic Device Coverage -

The policyholders also have an option to get coverage and compensation for digital and electronic devices like Bluetooth speakers, fog lights, voice assistants, etc. of the vehicle as well.

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

• Third-Party Bike Insurance -

Third-party bike insurance is mandatory by law under the Motor Vehicles Act, 1988. As the name suggests, the policy is known to cover third-party liabilities only, meaning that the coverage is not extended to you or your TVS bike. Hence, the premium charges are easy on the pocket.

• Comprehensive Bike Insurance - 

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

What’s Covered Under Bike Insurance?

Third-party bike insurance covers damage or loss incurred by the third-party, bodily injuries, death of the victim, etc. Furthermore, the inclusions of comprehensive insurance are own damage, theft, natural and man-made calamities and other such perils.

What’s Not Covered Under Bike Insurance?

The exclusions of comprehensive bike insurance are damage caused outside the designated geographical area, mechanical or electrical breakdown, natural wear and tear of the bike, etc.

Read More About: Inclusions & Exclusions of Bike Insurance Cover

Add-On Covers for Your TVS Bike

TVS bike insurance plans can be combined with these add-on covers that enhance the financial protection of your motorcycle. But the covers might vary based on the insurer:

• Zero Depreciation Cover -

 A zero depreciation bike insurance cover protects you from depreciation. Essentially, it means that you will be covered for the bike’s full insured value, i.e. without considering depreciation, thereby minimising your out-of-pocket expenses during a claim.

• Roadside Assistance Cover - 

With roadside assistance cover, you will never be stranded in case of a sudden breakdown. Be it tyre change, towing services, spare key requirement or fuel delivery, roadside assistance covered with your TVS bike insurance plan shall have your back!

• Personal Accident Cover- 

This add-on covers you for the treatment expenses of injuries sustained in an accident on your insured bike.

• Return to Invoice Cover- 

The return to invoice cover helps you get the complete value of your bike in case it incurs total loss due to unforeseen events. This amount is the same as that mentioned on your bike’s purchase invoice.

Make a Claim Under Your TVS Bike Insurance

Take a look at the important documents that you need for claiming under 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

There are two types of TVs two-wheeler insurance claims -

• Cashless Claim Under Bike Insurance - 

With cashless claim in bike insurance, you can get accidental damages repaired at the nearest network garage. The insurer will directly pay the garage for incurred expenses where you only need to clear the deductibles applicable under the policy.

• Reimbursement Claim Under Bike Insurance -

 For such a claim type, you can get your TVS bike fixed at your preferred garage, bear the expenses, and raise a reimbursement claim against your policy. Upon claim approval, the settlement amount is transferred to your bank amount (minus the deductible, if applicable).

Read More About Bike Insurance Claim Process

Tips to Reduce TVS Bike Insurance Premium

You can lower the TVS bike insurance premium cost with the below-given tips:

• Use No Claim Bonus -

 Availing the No Claim Bonus in Two Wheeler Insurance on your renewal premium is one of the key ways to lower the insurance cost. By not making any claims throughout the policy year, you can secure a reward on your premium. Furthermore, the bonus can go up to 50% for consecutive claim-free years.

• Compare Quotes Online -

It is recommended to compare the bike insurance quotes online and then buy the one that suits your requirements!

• Cover Small Claims - 

You can safeguard the No Claim Bonus by covering inexpensive insurance claims. But it is advised to cover bike insurance claims only if you can afford it and if the repair amount isn’t very high.

• Maintain Your Bike -

 Getting your two-wheeler serviced regularly and maintaining it can ensure fewer issues in turn leading to lower insurance claims.

Conclusion

Even though certain TVS bike models or variants have been discontinued, you can still opt for bike insurance with Finserv MARKETS. So, head over to our platform and buy two-wheeler insurance for your prized possession now!

In case you are wondering how much your two-wheeler insurance premiums will be, use the bike insurance premium calculator available on Finserv MARKETS and get a quote instantly. Moreover, the tool also allows you to compare the given price with quotes offered by other insurers in India.