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Bike Insurance 417 views April 14, 2021
TVS Motor is one of the largest two wheeler manufacturers in India and was the first company to launch an ABS Motorcycle (TVS Apache) and also the first 2-seater Moped in the country. Not only the TVS Two wheelers are impressive, but also their insurance plans. With the TVS Two wheeler insurance, you can protect your finances from any damage or losses incurred to your bike due to an accident.
If you have a TVS Two wheeler and want to get insurance for the same, this page could help you regarding the same. Here, we will discuss types of TVS Two Wheeler insurance, insurers, claim process, number of network garages, etc. Keep reading to know more!
Table of Contents
Types of TVS Two Wheeler Insurance in India
Before getting the TVS Two Wheeler Insurance, it is important to know its types that insurers provide in India. Insurance companies mainly offer two types of Two Wheeler insurance – Third-party Liability Insurance and Comprehensive Insurance. You can choose according to your coverage requirement.
We are providing details about both these types of TVS Two Wheeler Insurance below. Have a look!
TVS Third-Party Liability Insurance
It is one of the most common bike insurance plans that TVS bike owners choose. Also, as per the Motor Vehicle Act, 1988, it is mandatory to have valid bike insurance. Driving without it is a punishable offense according to the law. Third-party liability TVS insurance provides coverage against liabilities caused to a third party (person or property or vehicle).
This type of insurance also provides coverage for accidental bodily injuries to a third-party person including his/her death.
Exclusions Under TVS Third-party Liability Insurance
You will not get any coverage for your damage or loss if a claim arises due to the following reasons.
- If you are using your TVS bike as a commercial vehicle.
- If the owner is driving under the influence of drugs or alcohol
- If the driver is driving the bike without a valid driving license
TVS Comprehensive Insurance
TVS Comprehensive insurance can be suitable for those individuals who want to get coverage for damage or losses caused to a third party as well as the damage arising from natural calamities, theft, burglary, during travel, etc. You can also choose personal accident coverage by paying an additional premium over and above the basic policy.
TVS Comprehensive insurance provides coverage if the damage is caused due to the following instances.
- Fire, Explosion, Lightning, Self-lighting, etc.
- Riot or strike
- Theft, burglary or housebreaking
- Natural or manmade disasters
- In case of an accident caused by external damage
- Malicious Acts
- Terrorist activities
- Landslide or Raodslide
You will not get any coverage under TVS Comprehensive insurance in case of damage or losses incurred due to the following reasons.
- Regular wear and tear to your TVS Vehicle
- Mechanical or electrical breakdown
- Damage incurred during commercial usage of the TVS Vehicle
- Driving without a valid driving license
- Consequential losses
- Driving under the influence of drugs and alcohol
- Claims arising out of contractual liability
- Damages due to nuclear weapons, warlike operations, rebellion, etc.
Top Insurance Companies Providing TVS Insurance in India
The below table can help you get all the necessary information regarding the top insurance companies providing TVS Insurance in India such as benefits, add-ons, network garages, etc. Please check!
| TVS Insurance Provider | Key Features | TVS Two Wheeler Models Covered | Add-ons | Network Garages |
|---|---|---|---|---|
| Go Digit TVS Insurance |
|
|
| 1,000+ |
| ACKO TVS Insurance |
|
|
| |
| HDFC ERGO TVS Two Wheeler Insurance |
|
|
| 6,800+ |
| Bharti AXA General TVS Two Wheeler Insurance | Choose between third-party liability and Comprehensive coverage policy according to your requirement |
|
| 5,200+ |
| Reliance TVS Two Wheeler Insurance |
|
|
| 750+ |
What is the TVS Insurance Claim Process?
Now that you know the insurance companies that provide TVS Two Wheeler insurance, you should understand the claim process too. We are mentioning the required steps below that you can check.
Step 1: Choose the desired TVS Two Wheeler comprehensive insurance according to your requirement.
Step 2: Intimate your insurance company as soon as possible in case of an accident to get a claim successfully.
Step 3: The insurance company will inspect your TVS Bike at one of the network garages before approving the claim.
Step 4: Once your claim is approved, your bike will get repaired as soon as possible. Until your bike is ready, a few insurers also pay a daily allowance benefit for conveyance. (in case your insurer doesn’t provide the same, you can choose the add-on by paying an extra premium amount.)