TVS Two Wheeler Insurance

The TVS Motor Company Ltd is the largest contributor to the TVS Group with respect to its size and turnover. With headquarters in Chennai, TVS found its origin through the Sundaram Clayton Company in 1972. The company began manufacturing motorcycles through a technical collaboration with Suzuki, one of Japan’s leading auto manufacturers.

TVS Motors was established separately in 2001 after its contract with Suzuki ended. Ever since the company has collected several awards and accolades and cemented its place in India’s motorbike manufacturing scene.

Some of the more recent launches by the company include:

• TVS Apache RTR 200
• TVS Apache RR 310
• TVS XL 100
• TVS Victor

With high-end products in its catalogue, TVS is one of the brands which have contributed to changing the motorcycle manufacturing game in our country. That is why, along with its bikes, the demand for TVS bike insurance is also quite high among motorcycle enthusiasts.

What Makes TVS Motor Company so Popular?

Well, there are several reasons that contribute to the popularity of the brand. A few of them have been listed below:

• They are the first company that introduced India’s first indigenous bike – Victor to the market.
• They produce affordable commuter bikes that are perfect for everyday use. While fancy bikes are attractive, commuter bikes are convenient and make the perfect vehicles for common folks.
• TVS launched India’s first ethanol-based motorcycle in 2019. Using ethanol instead of fossil fuels is one of the most effective ways to curb pollution, which is one of the direst needs of the hour.
• The bikes manufactured by TVS come with the latest technology, sleek designs and superior performance.

These are some of the major factors that make TVS bikes so popular among Indians, especially those who are reliant on their motorcycles for daily commute.

Features of TVS Two-Wheelers – What Makes them so Attractive?

When it comes to bikes manufactured by Indian manufacturers, the popularity of the ones rolled out by TVS is second to none.

Why you ask? Take a look!

• Durability - While the durability of bikes mostly depends on how they are used and maintained, TVS two-wheeler have established themselves as one of the hardiest bikes in the market. With a low maintenance cost, TVS models are as good as they get among commuter bikes.
• Reliability - TVS bikes are renowned for their reliability in the market. As far as commuter bikes are concerned, TVS Victors are the first choice of most Indians. Further, with the Apache series, TVS has also managed to take the high-end market by the storm with good mileage and superior engine.
• Affordability - Even though they are well known for their superior performance, TVS bikes also hit the mark in affordability. Even though the most expensive TVS bike – the TVS Apache RR 310 is priced at Rs. 2.28 Lakh, you can easily purchase a TVS Sport for Rs. 40,000.
• Variety of Products - The variety of products it rolls out each year is one of the contributing factors that has allowed it to garner this distinction. With the tagline of – “A vehicle for everyone”, TVS offers a wide range of scooters, motorcycles, mopeds, etc.
• Latest Technology - TVS is among the first manufacturers that have introduced motorcycles adhering to the BS-VI norms in the country. Plus, TVS bikes have some of the most refined engines in the market.

But, despite being among the best products in the market, TVS bikes are not immune to the dangers of Indian roads. Incidents like accidents crashes and even theft are unfortunately not uncommon if you are riding your bike.

That is why, to help you stave off the financial liabilities from such occurrences, several insurance companies in India have introduced customised two-wheeler insurance covers for your TVS bikes, scooters and mopeds.

Take a look at why it is important for you to avail a TVS bike insurance policy.

Now, availing the third-party liability insurance cover for your TVS bike is mandatory under the Motor Vehicles Act, 1988. But it is recommended for you to avail the comprehensive cover to seek better-rounded financial protection for your two-wheeler.

So, why should you purchase the insurance cover or seek the TVS bike insurance renewal?

Have a look!

• Recover from Loss/Damage to Your Own Vehicle - One of the most important features of a TVS bike insurance policy is that it offers reimbursement for the expenses incurred from loss or damage to your own vehicle due to incidents like accidents, fire, natural calamities, etc. Further, even after putting security measures in place, there is always a chance of your TVS bike or scooty getting stolen. To prevent financial loss under this situation, you can get your two-wheeler insured under a comprehensive insurance cover.
• Reimbursement for Damages to Third Party Vehicle or Property - This cover is provided by both third-party liability and comprehensive bike insurance policies. With this benefit, you can protect yourself financially from the losses due to damage to third-party property or vehicle by your insured two-wheeler. The policies also extend their benefits to include the liabilities arising from injury to a third person or their death, caused by your vehicle. It also reimburses any litigation fees that you may incur under such circumstances.
• Cover for Personal Accident - With this benefit, you can make sure that you are financially protected in case you become disabled due to an accident involving your two-wheeler. The personal accident cover also offers compensation to your family members in case of your death under such circumstances.
• A High Insured Declared Value – Another significant importance of availing TVS bike insurance is that you can recover the cost of your bike/scooty in case of its total damage or theft. Insured Declared Value is the sum assured that is offered under such circumstances and is given by TVS’s selling price for your two-wheeler minus its depreciation.
• To make sure that you maximise your benefits from your insurance policy, it is best to avail one that comes with a high and customisable IDV.

If you are seeking TVS bike insurance renewal and considering changing your insurance provider, add-ons and riders are one of the crucial points of comparison.

Now that you know why TVS bike insurance policies are important, it is time to choose a competent service provider.

Have you considered Digit Insurance?

Well, apart from being one of the leading and most reputable insurance providers in India, the bike insurance policies offered by Digit for your TVS two-wheeler comes with numerous benefits.

Some of them are as follows:

1. A Large Number of Network Garages - Digit Insurance offers cashless repair facilities under their TVS two-wheeler insurance cover. With this facility, you can get your two-wheeler repaired in any of the network garages under your insurance provider without having to pay any cash for the service. Digit has over 1000 network garages, thus helping you to maximise your scope of seeking cashless repairs.

2. Choices of Two-Wheeler Insurance Policies - With Digit you can get your TVS bike insured under the following insurance policies. These are:

• Third-party Two-Wheeler Insurance - This policy covers the financial liabilities arising from loss or damage to third party property or vehicle, injury or death to a third-person, caused by the insured vehicle.
• Comprehensive Two-Wheeler Insurance - This insurance cover, apart from third-party liability, also covers the financial liabilities arising from damages to your own vehicle due to accident, natural calamity, etc.

You can also opt for an own damage cover if you have purchased your TVS two-wheeler after September 2018. This cover will provide you with the benefits of a comprehensive policy sans the coverage for third party liabilities. It can be purchased as a standalone cover if you have an existing third-party bike insurance cover in place.

3. Fast and Easy Claim Settlement with a High Claim Settlement Ratio - Usually, after raising a claim against your insurance policy, a representative from the company is sent to inspect your bike and verify your claim. But with Digit, you can avail the benefits of a smartphone-enabled self-inspection process. This allows you to make the process fast and reduces the hassles of undergoing elaborate paperwork.

With their online process, Digit has streamlined their claim settlement to quite an extent. The company takes only a few days to settle your claim, which is considerably shorter than many leading insurance providers in the country.

Further, the company has a high claim settlement ratio which minimises the chances of your claim getting rejected.

4. Easy Insurance Buying and Renewal Process - If you are looking for your TVS two-wheeler or TVS scooty insurance renewal online, there is no one better than Digit to help you along the process. You can avail hassle-free purchase and renewal of an insurance policy. What more, you can also carry forward the No Claim Bonus from your previous policy and enjoy a discount on your premium payment.

5. High Insured Declared Value - We have already discussed IDV before. So, while availing or renewing your TVS bike insurance, your primary aim should be to look for a high IDV, to avail the maximum benefits in case of total loss or damage to your bike. Digit offers you the opportunity to customise the IDV for your two-wheeler according to your requirements.

6. Variety of Add-On Covers - The Digit TVS two-wheeler insurance policy offers several add-on that help to impart maximum protection for your bike. Some of the add-ons you can avail for your TVS bike include –

• Zero depreciation cover.
• Engine and gear protection cover.
• Return to invoice cover.
• Breakdown assistance.
• Consumable cover.

These add-ons are important because they will allow you to avail advanced protection for your bike/scooty.

7. 24x7 Customer Service - Digit’s team works tirelessly to provide you with the best service possible. That is why you can call their customer service anytime, as per your convenience – even on national holidays!

So there you go!

With affordable premiums and lucrative add-on offerings, Digit Insurance can offer you all-round protection for your TVS bike, scooter or moped!

Still on the fence about availing an insurance cover?

Let us tell you a little secret about how you can reduce your premium payment for your TVS two-wheeler insurance policy.

There are a few practices that you can employ to reduce the premium for your TVS two-wheeler insurance policy. For example:

• You can opt for voluntarily deductibles that will require you to pay a portion of the repair cost for your vehicle during claim settlement.
• You should be careful while choosing the add-on covers for your insurance policy, as each add-on you avail will require you to pay a marginally higher premium amount.
• Check the No Claim Bonus policy of your insurance company and know if you can avail the maximum benefits from it.
• Purchase your insurance policy directly from the insurance company. If you avail the services of an agent or broker, you will have to pay an additional fee for their services. This will automatically increase the amount you spend on your insurance policy.

With these few tips in mind, you can make sure that you save on the premium payments for your insurance policy.

So, now that you have learned every aspect of purchasing an insurance policy for your TVS bike or scooter make haste and get your vehicle insured today!