TVS Bike Insurance

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.

Types of TVS Bike Models

The following are some of the bikes offered by TVS:

1. TVS Apache RR 310

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.

2. TVS Sports

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.

3. TVS Radeon

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.

4. TVS Star City Plus

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.

TVS Two Wheeler Insurance Premium Calculation

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 04-08-2020

*The price is calculated for the 2020 model registered in Bengaluru.

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TVS Two Wheeler Insurance: Add-ons

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:

Roadside assistance cover: This cover entitles you to get roadside assistance for your bike, like towing of the bike, tyre change, battery jump-start, etc. This assistance is provided free of cost, subject to the limits specified.
Engine protector: Consequential damages to the engine of your bike and other engine parts are not included in the basic insurance policy. Buying this policy will ensure it is included, so you can claim for engine damage.
NCB protector: The NCB or no claim bonus is a reward given by the insurer for not making a claim. If you make a claim, you lose the bonus. Buying the NCB protector will ensure that you will retain the NCB and continue to get a discount on the premium (even if you make a claim).
Zero depreciation cover: Depreciation is calculated on bike parts, which reduces your bike value every year. This will reduce the amount you get as a claim. If you buy this add-on cover, it ensures that depreciation is calculated as zero, which is beneficial when you make a claim.

TVS Bike Insurance Renewal Process

PolicyX.com offers a simple, transparent, and convenient way of renewing your TVS bike insurance policy. The following is the procedure for the same:

Locate 'Free Quotes from Top Companies' on the top of this page.
You need to enter the details provided in the form, after which you need to select 'Continue'. After this, provide details like your name, city, and phone number. You will get a verification code, which you need to enter to access the quotes.
You can go through the quotes from different insurers, compare prices, and then choose the best quote.
You will then be redirected to the insurer's website, where you can complete the renewal process and make the payment.
Once the renewal process is done, you will get an email with the confirmation of renewal, followed by an e-mail with a copy of the policy.

Frequently Asked Questions (FAQs)

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 04-08-2020