TVS Apache Bike Insurance - Price & Specifications

The  TVS Apache bike insurance price will vary depending on the type and model of the bike and other related factors. If you opt for a simple third-party cover then it might cost you around ₹1301. However, it will not protect your expensive bike in case it is stolen or damaged due a natural disaster. For this you should choose a comprehensive insurance plan.

Apache is a popular bike series from TVS that comes in 5 variants ranging from ₹1.04 Lakhs to ₹2.59 Lakhs (ex-showroom, Delhi). Apache bikes are indeed expensive, but you can safeguard your investment by choosing the right insurance plan.

Let’s take a look at the different bikes under the Apache series and how much insurance premiums you will have to pay for them:

Disclaimer: 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.

If your TVS Apache insurance plan is near expiry and you need to renew it, you can do it on Bajaj Markets:

• Step 1: Visit the Bike Insurance section on Bajaj Markets.

• Step 2: Enter your registration number of existing policy and vehicle-

• related details.

• Step 3: Check your TVS Apache insurance price for available plans and select your preferred plan.

• Step 4: Don’t forget to avail the No Claim Bonus (NCB), if you are eligible.

• Step 5: Make the online payment to renew your TVS Apache bike insurance.

• Step 6: Once the renewed policy is activated, the policy details will be sent to your registered email address.

The TVS Apache is a powerful bike designed with a racing approach. Although the bike assures top performance with due maintenance and care, it is vulnerable to faulty roads and reckless drivers nearby. The Apache series of bikes are expensive and any loss or damage to your bike due to unexpected accidents can cost you anywhere between ₹20,000 to ₹1 lakh or more. By getting two wheeler insurance, you can be assured of comprehensive protection against risks such as accidents, theft, losses caused due to both natural and man-made disasters, etc. Also, you need at least third party insurance for your bike under the Motor Vehicles Act, 1988.

There are mainly two types of bike insurance plans you can choose from for your TVS Apache bike:

Third-Party Bike Insurance

A third party insurance cover is a basic form of bike insurance that protects you from third-party liability and provides financial cover to the third party involved in an accident for damages and medical expenses. This type of bike insurance is generally cheaper than comprehensive bike insurance.

Comprehensive Bike Insurance

Comprehensive insurance is a more rounded policy that provides protection to your bike and you, as well as third party insurance cover. You can also enhance your policy by adding extra covers like zero depreciation or theft cover. While it’s more expensive than third-party insurance, it saves you the cost of repair and maintenance in the long run.

As mentioned above, third-party bike insurance only covers the cost of injuries and damages to the third party involved in an accident. It does not provide any coverage to the policyholder. On the other hand, a comprehensive bike insurance plan includes coverage for the policyholder and their vehicle as well as provides a third-party liability cover.

Most insurance plans have a certain set of exclusions that are not covered by the insurance policy. Bike insurance exclusions are situations like normal wear and tear of bike parts, accidents due to drunk driving, providing inaccurate information to the insurance company, etc.

Here is a list of important documents that you will need in order to make an insurance claim for your TVS Apache bike:

1. Bike insurance policy papers
2. FIR of the incident/accident
3. Detailed information about the incident with eyewitness accounts
4. Original RC papers of the vehicle
5. Full set of bills and receipts (in case of reimbursement claim)

Cashless Claim Settlement

Under cashless claim settlement in bike insurance, you can directly take your bike to a network garage where it will be repaired. The benefit of using a cashless claim is that you won’t have to pay anything. The network garage will directly settle the cost of your bike’s repairs with your insurance provider.

Reimbursement Claim Settlement

Under the reimbursement claim settlement, you will have to pay for your bike’s repairs out of your own pocket initially at a garage of your choice. You will need to keep all repair related receipts intact and submit them to the insurance company to get the bill amount reimbursed.

TVS Apache series of bikes are powerful machines that are a great choice for bike enthusiasts and racing hobbyists. However, these are expensive bikes and even small repairs can cost a ton of money if you do not have your TVS Apache insured. An insurance plan can not only keep your Apache covered against damage but you can also drive on the roads without any stress of financial loss. If you are looking to buy TVS Apache insurance, you should look into the bike insurance plans available at Bajaj Markets. If you want added protection, you can also consider getting add-on covers.