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Tips For Buying TVS Bike Insurance Instantly

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T.V.S motors are one of the largest manufacturers of the two-wheeler industry in India. T.V.S bikes are famous for their new technology, design and unique ideas.They have a 19-year long association with Suzuki which is internationally leading manufacturer in automobiles. Talking about there bikes, they provide the best product in terms of everything. But after bike comes on the road, it’s the owner’s responsibility. Insurance is the way of protecting bike from any kind of damage occurring to it.  It’s mandatory in India to have insurance. There are two types of bike insurance:

  1. Third-Party Liability Policy: This type of policy is a risk cover, covering all damages in terms of legal liabilities caused by the insured bike.
  2. Comprehensive Policy: Comprehensive policy covers aspects of third-party liability policy plus provides coverage for theft, loss, damage and accidental cover in case of an accident.

Whenever you’re buying a two-wheeler insurance policy, make sure you analyse all the aspects of coverage and all the benefit you receive from same. Every policy has inclusion and exclusion which creates a difference in premium. It’s advisable to go for a long term insurance policy which is being provided mostly from all the leading insurance company. It reduces the burden of renewal every year and provides easy long tenure.Things that has to be kept in consideration for the calculation of premium keeping in  mind that we are purchasing it for TVS bike are mentioned below:

  • Insured declared value (IDV):  IDV is the maximum sum insured considering the current market value of the TVS bike. It is directly related to premium as higher the IDV, and premium will be higher and vice versa.
  • Cubic Capacity(C): Cubic Capacity is a very technical term. In simple words, it is the size and capacity of an engine of the bike as TVS bike comes with different cc so it varies from model to model that changes the premium amount for different models.
  • Discounts: There are specific ways that can provide you with the benefit of a discount on the premium. Maintaining a consistent and good credit score and all the details required for insurance have to be already acquired to file for any kind of discount.
  • Know your coverage: It’s essential to know about all the inclusion and exclusions of your policy. Best way to gather information about it is through visiting the official website of different insurance companies and compare their plans with other plans. This will give you a clear understanding of all their coverage policy.
  • Choose a reputed insurance company: While finalising an insurance company, it's required to know all their terms and conditions. Go through all their documentation specifications.
  • Knowing about all these factors about calculating the premium for your TVS bike will help with buying the insurance instantly. All you have to follow now are a few steps to complete the registration of the insurance instantly.
  1. Log into the selected insurance company’s website.
  2. Look for all types of add on overs a select the one which might add to more benefit to your policy.
  3. Calculate your premium account with the help of the premium calculator.
  4. Agree with all of the terms and conditions following with payment option with credit/debit card or online banking.
  5. You will receive the soft copy of all the documentation on your mentioned email address.

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Disclaimer :The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Insurance needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice for Travel/Health/Motor. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.

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