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TVS Motor Company is the third-largest two-wheeler manufacturer in India. TVS Motor has offices all over the globe including geographies like South-East Asia, Middle East, Indian Subcontinent, Latin, Central America and Africa. The Company has an annual sale of over three million units with revenue of more than 18,217 crores. TVS Motor has over 90 companies under its umbrella and an annual capacity of over 4.95 million vehicles. It has three manufacturing plants in India and one in Indonesia. TVS Motor is the second-largest vehicle exporter in India exporting to over 60 Countries. It manufactures the largest range of two-wheelers starting from mopeds, to commuter motorcycles, scooters, racing bikes and more. It also has an annual production capacity of 1.2 Lakh three-wheelers. The strength of the company lies in its extensive research and development which results in innovative and advanced products. TVS Motor delivers complete customer satisfaction by anticipating the needs of its customers and presenting quality and stylised vehicles. 

Top TVS bike models

Here are the top models of TVS Motors which are popular in the market.

Why you should insure your TVS bike?

If you own a TVS bike, you need to insure the bike under a motor insurance policy. This rule has been stated in the Motor Vehicles Act, 1988 which governs the traffic rules in India. So, as per the Act, a valid third party cover is necessary on your TVS bike which would cover any third party liability that you might face when you get involved in an accident due to the bike. 

Besides the mandate of the Act, you need insurance for your TVS bike due to the following reasons –

• If there is an accident involving your bike and an individual is physically hurt or killed, you would be held responsible for the financial loss suffered by the individual and/or his family. You would have to compensate this financial loss which would be considerable and empty out your savings. A third party policy covers this liability that you face and compensates the third party on your behalf thereby saving your finances
• If any third party property is damaged due to the bike, you might have to pay for the damages. This payment might also put a financial strain on you. This is where your third party policy would again come to your aid and help you pay for the damages caused.
• If your bike is stolen, you would incur a financial loss. A comprehensive bike insurance policy covers this financial loss and compensates you. You, therefore, need the coverage to protect against the loss suffered in case of theft
• If your bike is damaged, you would incur considerable financial costs in getting it repaired. If you have a comprehensive bike insurance policy you would not have to pay for the repair costs as the policy would do it for you
• Lastly, since bike insurance is mandatory, you need the policy to avoid legal fines and penalties when using your bike in India 

Types of bike insurance plans for TVS bikes

You can choose from two types of bike insurance policies for your TVS bikes based on your coverage needs. These types are as follows –

What is covered under TVS bike insurance plans?

Coverage under TVS bike insurance policies is offered against the following types of contingencies –

• Third-party liability suffered if an individual is physically injured, wounded or killed because of the bike
• Third-party liability suffered if an individual’s property is damaged because of the bike
• Theft of the bike
• Damages to the bike because of natural disasters like floods, lightning, earthquakes, storms, hurricanes, landslides, etc.
• Damages to the bike because of man-made disasters like fire, explosion, riots, malicious acts, etc.
• Damages to the bike when it is being transported from one place to another using rail, air, or water as modes of transportation

Third-party liability plans cover only the first two types of contingencies. However, if you buy a comprehensive bike insurance policy, all the above-mentioned contingencies are covered. Moreover, under both third party and comprehensive plans, there is a personal accident cover for the owner or driver of the bike. Under this cover, a lump sum benefit is paid if the owner or driver suffers from accidental death or disablement in an accident involving the bike.

What is not covered under TVS bike insurance plans?

Both third party and comprehensive policies do not cover claims which arise due to the following instances –

• Driving without a license
• Driving outside India
• Driving under the influence of alcohol or any other intoxicating substance
• Using the bike against the limitations of use
• Consequential losses
• Losses suffered due to depreciation and normal wear and tear
• War, nuclear perils and related contingencies
• Committing criminal activities

Add-ons available under TVS bike insurance plans

Comprehensive bike insurance plans offer a range of optional coverage benefits which are called add-ons. These add-ons can be chosen when buying or renewing your TVS two-wheeler insurance policy. Some of the commonly available add-ons include the following –

A premium of TVS bike insurance policies

A premium of TVS bike insurance plans depends on the type of policy that you choose, the make model and variant of the bike, claim history, registration location and other factors. Here are the estimated premium rates of the top TVS bike models considering that a comprehensive package policy is chosen for the bikes.

How to buy TVS bike insurance with Turtlemint?

If you are looking to buy the best bike insurance policy for your TVS bike you can find one on Turtlemint. Turtlemint is an online website which offers insurance solutions for your needs. It is tied up with leading life and general insurance companies offering both life and general insurance plans. Bike insurance plans can also be bought online through Turtlemint. To buy, you can follow the below-mentioned steps –

• Visit https://www.turtlemint.com/two-wheeler-insurance/ and enter in your bike number to proceed. If you don’t yet have a registration number you can enter in the registration location to find the suitable plans
• Then you need to provide the details of your bike – make and model, fuel variant and manufacturing year
• Then you can enter in your contact details to save your quotes
• When you hit ‘Next’, you would be shown a list of premium quotes of leading insurance companies. The coverage benefits would also be listed next to the policy
• Compare and choose the best bike insurance policy for your TVS bike
• Hit ‘Buy’ and provide your details to complete the application process. Pay the premium online and the policy would be bought. The soft copy of your policy would be emailed to you for quick reference.

How to renew TVS bike insurance plans?

Continued renewal of your TVS bike insurance policy is important for continued coverage and to avoid legal penalties. Renewals of bike insurance plans can be done online from the website of the insurance company from which you have bought the policy. Alternatively, if you have bought the policy from Turtlemint you can renew online from Turtlemint itself. Just log into your Turtlemint account and enter your policy details. Pay the renewal premium and the policy would be renewed.

You can also switch insurers when you are renewing your TVS bike insurance policy. You can visit Turtlemint and find out the premium quotes of different insurance companies after entering your bike details and the details of your last policy. You can, then, compare and choose the most suitable policy and buy it online from Turtlemint.

How to make a claim in your TVS bike insurance policy?

The claim process of TVS bike insurance plans depends on the type of claim that you face. So, here are the different instances of claims and their respective processes which you need to follow –

• Third-party claims

  In the case of third party claims, inform the insurance company immediately of your claim to get your claim registered. Thereafter, the steps are as follows –

  • File an FIR with the local police authority 
  • Your claim would be transferred to the motor accidents tribunal which would rule on the compensation amount
  • Once the compensation is stated, the insurance company would compensate the third party and the claim would be settled
• Own damage claims

  If your bike has suffered any damages, inform the insurance company and the company would register your claim and help you find the nearest preferred garage. Thereafter, follow these steps –

  • Take your bike to the preferred garage
  • The surveyor would visit the garage and make a claim estimate
  • The surveyor would submit his claim report with the insurance company and the company would approve your claim based on that report
  • Once approved, the garage would start cashless repairs on your bike
  • Once the bike is repaired, you can fulfil the claim documentation and take delivery of your bike
• Theft of the bike

  If your bike is stolen, call up the insurance company and inform it about the theft. The company would also register your claim. You should, then, follow the below-mentioned steps –

  • File a police FIR in the area where the bike was stolen
  • The police would try and locate your bike. If they are unsuccessful, they would issue a non-traceable certificate
  • Submit this certificate to the insurance company along with other claim related documents and the company would settle your claim

You can also seek Turtlemint’s help in settlement of your bike insurance claim. Simply call Turtlemint at 1800266 0101 and send an email at support@turtlemint.com. Turtlemint’s claim team would, then, get in touch with you and coordinate your claim with the insurance company. They would take the necessary claim related steps on your behalf so that you can relax and the claim gets settled easily.