What is TVS insurance :-
Loss or damage to the insured bike– It protects you and your bike in the event of an accident, collision, theft, man-made calamities, and natural disasters. Typhoons, fire, flood, storms, earthquakes, landslides, cyclones, and other natural disasters are covered by TVS insurance for your bike.
TVS Two Wheeler Insurance Policy
All two-wheelers must carry at least a third-party two-wheeler insurance coverage in order to travel on India’s public roads, according the Indian Motor Tariff Act. Getting covered by a reputable two-wheeler insurance plan will protect you from the costs that may emerge as a result of an accident or disaster. If you are discovered by the authorities riding a bike without a valid two-wheeler insurance coverage, you may be fined Rs. 2,000 and/or sentenced to up to 3 months in prison.
Types of Two-Wheeler Insurance Plans
There are three types of bike insurance policies based on coverage:
Comprehensive Insurance Plan: A complete bike insurance plan protects the policyholder against financial responsibilities arising from any third-party property or person, as well as damage to their own vehicle as a result of a mishap or accident.
Third-Party Bike Insurance Plan: This is the most basic type of bike insurance that you must obtain in India in order to ride your bike on public roads. It protects you from financial obligations owed to a third-party people or property as a result of a motorcycle accident. This policy is illegal if it is not followed.
Standalone Own Damage Insurance Plan: This insurance plan covers the expenditures that may emerge as a result of the loss or damage to the policyholder’s own vehicle after an accident or incident.
Bike Insurance for TVS Bike Variants
The table below contains a comprehensive list of Tvs bike versions as well as their insurance premium prices:-
Should I buy insurance for my two wheeler vehicle?
You absolutely must. According to the Motor Vehicles Act 2019, neglecting to purchase insurance is punishable by a fine of 2,000 dollars and/or three months in jail. As a result, it is critical to get a TVS insurance coverage without fail.
How long does it take to buy TVS insurance online ?
There isn’t much. It just takes a few minutes to get TVS motorcycle insurance online. The policy is provided immediately once you enter all of the essential information and make the payment.
Can I renew my TVS Insurance online?
Yes, you certainly can. The procedure is straightforward. Simply go to the insurer’s website, enter your policy number, bike registration number, and phone number, and click on renew. Your coverage is automatically renewed when you pay the premium.
What are the details I have to give in order to renew my TVS Insurance ?
Not many details are required for TVS insurance renewal. You need to provide your previous policy details, mobile number, and bike registration number, among others, for renewing your plan.