TVS Motor Company is one of the leading automobile companies in India and is part of the respected TVS group of companies. TVS manufactures scooters, mopeds, three-wheelers, electrical vehicles, and motorbikes. It is the third-largest manufacturer of two-wheelers in India. The company has three plants in India with a total production capacity of 4.95 million vehicles. The company had revenue of 18,217 crores for the year 2019-20. The company had a 14.8% market share in the two-wheeler sector with sales of more than 3 million units in FY 2019.
TVS earlier had a tie-up with Suzuki and marketed bikes under the brand name TVS-Suzuki. The arrangement ended in 2001 after which TVS started offering its two-wheelers under its own brand name. The company's TVS Apache and Sport series of bikes are popular.
The following are some of the bikes offered by TVS:
The RR 310 was earlier known as the Akula. The muscular trendy bike has a 312.2 cc reverse-inclined engine mated to a 6-speed gearbox. This sports bike has racing style body graphics and has dual-channel ABS for safety. The TFT dashboard is the highlight of the bike.
The Sport has a 109.7 cc engine that delivers 8.29 PS power. It has a 4-speed gearbox. The Sport is a lightweight bike meant for the urban rider. It is available in six different colours. It is available in kick-start and self-start modes. It comes with a single long seat.
The Radeon comes with a 109.7 cc engine with drum brakes, tubeless tyres, and alloy wheels. It is available in kick and self-start modes. The Radeon is available in eight colour variants. It has alloy wheels with tubeless tyres.
The Star City Plus has a 109.7 cc engine with ET-FI eco thrust fuel injection technology. This technology ensures better performance, greater power, and ensures the best fuel economy. Star City Plus has dura grip tyres and synchronized braking technology for greater safety.
The premium you would be paying for your TVS bike insurance depends on the variant of the model you are buying, the engine capacity, the year and place of registration, among others. Some of the top bikes of TVS and their premium prices are listed below:
Bike Variant | Ex-showroom price of the bike | IDV* | Zero Depreciation (Add On)* | Estimated Premium* |
TVS Apache RR 310 | Rs.2,40,000 | Rs.2,31,102 | Rs.693 | Rs.9.461 |
TVS Sport STD | Rs.52,335 | Rs.45,304 | Rs.81 | Rs.3,676 |
TVS Radeon STD | Rs.58,992 | Rs.53,935 | Rs.243 | Rs.3,528 |
TVS Star City Plus 110 cc | Rs.61,788 | Rs.50,989 | Rs.92 | Rs.3,725 |
**Last Updated on 13-11-2020
*The price is calculated for the 2020 model registered in Bengaluru.
The add-on covers for your bike insurance policy will help you enhance the scope of your insurance policy. The following are some of the add-ons you can consider buying:
PolicyX.com offers a simple, transparent, and convenient way of renewing your TVS bike insurance policy. The following is the procedure for the same:
1. I want to increase the IDV of the TVS bike so that the bike is covered for a higher sum of money. Can this be done?
Yes, you have the option of decreasing or increasing the Insured Declared Value (IDV) of your bike. If you increase the IDV, you must note that you need to pay a higher premium. At the same time, you get a higher coverage amount. You need to take care to ensure that the IDV is in line with the market value of the bike to ensure optimum coverage.
2. My TVS bike met with an accident and was being driven by my college-going son. My insurance claim was rejected, why is that?
As per the terms of the insurance policy, the bike must be driven by someone having a valid driving license. If your son was underage, then his act of driving the bike makes the insurance policy invalid and hence your claim was rejected.
3. I lost my bike key and I need to get it replaced. I heard that this is possible under the insurance policy, is it true?
The basic insurance policy does not cover the replacement of the key. However, if you had purchased the key replacement add-on cover, then you would be able to make a claim for the expenses incurred on getting a duplicate key, in case you lose the key.
4. I met with an accident, where another bike driver was injured, and his bike was damaged. Is this situation covered in the insurance?
Yes, it is! As per govt. norms, the third-party cover is mandatory for all vehicles. The third-party cover ensures that any injuries caused to a third-party or damages caused to the property of a third-party are taken care of by the insurer. With this coverage, you can relax in such a scenario, as the insurer will handle the situation.
Last updated on 13-11-2020