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TVS iQube Insurance

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96% Claims Settled (FY 24-25)

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TVS iQube Insurance Price & Policy Renewal Online

TVS Motor Company is the largest manufacturer of two-wheelers, including mopeds, scooters, motorcycles and racing bikes. The latest addition to its catalogue is the electric scooter, iQube Electric. 

Besides matchless riding experience and easy maintenance, the design of iQube reflects a contemporary lifestyle. Though engineered with top-of-the-line features, iQube, like any other two-wheeler, is vulnerable to accidents and other damages. 

Thus, it is imperative to purchase a TVS iQube Electric insurance cover to ensure financial security. 

In fact, it is mandatory for every two-wheeler in India to possess a third-party liability insurance policy. One can also opt for a comprehensive cover that provides coverage to own damages as well as third-party damages.

Digit, one of the leading insurance providers in India, offers two-wheeler insurance for TVS iQube Electric. But before discussing the features and benefits of this insurance policy, let us focus on a few interesting facts about this electric scooter.

Why Choose Digit's TVS iQube Insurance?

What’s Covered in TVS iQube Insurance

What’s Not Covered in Digit TVS iQube Insurance?

It is equally important to know what’s not covered in your Digit TVS iQube insurance policy, so that there are no surprises when you make a claim. Here are some such situations:

Own Damages icon
Own Damages for Third-Party Policy holder

In the case of a Third-Party or Liability Only Bike Policy, damages to own vehicle won’t be covered. 

drink and drive icon
Drunk Riding or without a Licence

Your TVS iQube insurance won’t cover for you in situations where you were riding drunk or without a valid two-wheeler licence.

Add-ons not bought
Add-Ons Not Bought

Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.

Contributory Negligences
Contributory Negligences

Any contributory negligence(e.g. damage due to driving a two-wheeler in a flood, which is not recommended as per the manufacturer’s driving manual, will not be covered)

Consequential Damages
Consequential Damages

Any damage which is not a direct result of the accident (e.g. after an accident, if the damaged two-wheeler is being used incorrectly and the engine gets damaged, it is considered as consequential damage and it will not be covered)

Driving without a valid Driving Licence Holder
Driving without a valid Driving Licence Holder

If you hold a learner’s licence and were riding your two-wheeler without a valid licence-holder on the pillion seat- then your claim in those situations won’t be covered.

Key Features of TVS iQube Insurance by Digit

Key Features Digit Benefit
Premium Starting from ₹714
No Claim Bonus Up to 50% Discount
Customizable Add-Ons 8 Add-ons available
Cashless Repairs Available at 9000+ Garages
Claim Process Smartphone-enabled Claim process. Can be done online within 7 minutes!
Own Damage Cover Available
Damages to Third-Party Unlimited Liability for Personal Damages, Up to 7.5 Lakhs for Property/Vehicle Damages

Types of Insurance Plans for TVS iQube

Third Party Comprehensive Own Damage

Damages/Losses to own two-wheeler due to an accident

× ✔ ✔

Damages/Losses to own two-wheeler in case of fire

× ✔ ✔

Damages/Losses to own two-wheeler in case of a natural calamity

× ✔ ✔

Damages to Third-Party Vehicle

× ✔ ×

Damages to Third-Party Property

× ✔ ×

Personal Accident Cover

× ✔ ×

Injuries/Death of a Third-Party Person

× ✔ ×

Theft of your scooter or bike

× ✔ ✔

Customize your IDV

× ✔ ✔

Extra protection with customized add-ons

× ✔ ✔
Get Quote Get Quote Get Quote

Know more about the difference between comprehensive and third party two wheeler insurance

Reasons to Buy Digit's TVS iQube Electric Insurance

When considering a two-wheeler insurance policy for your TVS iQube Electric, it's important to choose an insurer that offers not just financial protection but also convenience, transparency, and reliability. Digit Insurance stands out as a trusted name, offering a wide range of benefits tailored to electric scooter owners:

Wide Network of Garages

One of the most reassuring features of Digit Insurance is its extensive network of over 9,000+ cashless garages across India. This ensures that wherever you are, you’ll have access to a trusted repair facility in case of an accident, minimising downtime and hassle.

Hassle-Free Claims with Minimal Documentation

Digit streamlines the claims process by eliminating traditional paperwork and inspections. Instead of waiting for an agent to assess the damage, you can use smartphone-enabled self-inspection to raise a claim. This paperless and digital-first approach makes the entire experience faster and more convenient.

Add-On Covers for Enhanced Protection

Digit allows you to customise your insurance policy with a variety of add-ons in bike insurance that offer additional protection. These include:

  • Zero Depreciation Cover
  • Breakdown Assistance
  • Consumable Cover
  • Return to Invoice Cover
  • Engine and Gear Protection Cover

These add-ons help you tailor your policy to match your specific needs and usage patterns.

Seamless Online Purchase and Renewal

Digit makes it easy to buy or renew your TVS iQube Electric insurance online. The entire process can be completed within minutes, and you can compare different policies to make an informed decision. Existing customers can log in to their accounts, check the insurance price, and renew their policy effortlessly.

Flexible Insured Declared Value (IDV)

Digit offers a personalised Insured Declared Value (IDV), which is the amount payable in case of theft or irreparable damage. You can adjust idv in bike insurance based on your preferences, giving you control over your coverage and premium.

No Claim Bonus Rewards

If you don’t make any claims during a policy term, Digit rewards you with NCB in bike insurance. This bonus translates into attractive discounts on your premium during renewal, encouraging safe and responsible riding.

Documents Required to Buy TVS iQube Insurance Online

To buy Digit's TVS iQube insurance online, a load of paperwork is not required. Furnish only the following documents to buy a new two-wheeler insurance policy within minutes:

ID

Registration Certificate

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ID

Previous Year Insurance Policy

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ID

Documents for KYC Verification

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TVS iQube Price - Variants & ex-Showroom Price

Variants ex-Showroom Price (may change as per the city)
iQube 2.2 kWh ₹ 94,434
iQube 3.1 kWh ₹ 1,00,000
iQube 3.5 kWh ₹ 1,08,993
iQube S 3.5 kWh ₹ 1,17,642
iQube ST 3.5 kWh ₹ 1,27,935
iQube ST 5.3 kWh ₹ 1,58,834

FAQs about TVS iQube Insurance Policy in India

What factors determine the TVS iQube Electric insurance premium?

The amount of premium varies from one policyholder to another. Some of the factors considered are the manufacturing year of the TVS iQube, make and model, IDV, add-ons, engine capacity, voluntary deductible, geographic locations and anti-theft device installation.

How can I save on TVS iQube Electric insurance premium?

Deductibles can help you reduce your premiums against two-wheeler insurance. If you opt for voluntary deductibles, you can save on your two-wheeler insurance premium. Deductibles can lower your payable premiums.

Am I eligible to opt for the No Claim Bonus benefit if I change my TVS iQube Electric insurer?

If you change your insurer, you can still opt for a No Claim Bonus and save more on your payable premium.