TVS Motor Company, a home-grown brand that is now a global giant, has been named after its founding father T V Sundaram Iyengar. Though the company was founded in 1911, its motor company came into existence in the late 1970s when it started manufacturing TVS 50 mopeds. Today, it is the third largest two-wheeler manufacturer in India and has a massive presence in the Middle East, Africa and Central America among other regions.
From mopeds, to scooters, commuter motorcycles, to sporty bikes, TVS manufactures a wide range of two-wheelers. The brand has more than 44 million customers and four manufacturing plants - Hosur in Tamil Nadu, Mysore in Karnataka, Nalagarh in Himachal Pradesh, and Karawang in Indonesia.
HDFC Ergo offers 4 types of two wheeler insurance that Comprehensive third-party insurance, Third Party insurance, and Standalone own damage car, and cover for a brand new bike. You can further enhance the protection of your bike by adding add-on covers to your comprehensive bike insurance.
This is the most recommended option as it includes third-party liability, a personal accident cover, and crucially – own damage cover. It provides all-round financial protection to you, your bike, and to your liabilities in case you are at fault in an accident. You can also further enhance your coverage with select add-ons.
Accident, theft, fire etc.
Personal accident cover
Natural calamities
Third-party liability
Choice of add-ons
This is the type of insurance that is mandatory under the Motor Vehicles Act, 1988. It covers you financially against any losses arising out of injury, death, or disablement to a third-party person, or damage to their property. It also covers against any legal liabilities you may face as a result of the accident.
Personal accident cover
Third-party property damage
Injury to a third-party person
This policy is ideal for those who already possess a third-party liability insurance policy and want to increase the scope of coverage. It covers you against losses arising out of damage to your own vehicle as a result of an accident. Furthermore, you unlock the choice of add-ons to enhance your coverage.
Accident, theft, fire etc
Natural calamities
Choice of add-ons
A plan that’s designed to add convenience and all-round protection to your bike ownership experience, the multi year bike insurance package includes a five-year third-party liability component and an annually renewable own damage insurance component. Even if you forget to renew your own damage component on time, you will still be financially covered.
Accident, theft, fire etc
Natural calamities
Personal accident
Third-party liability
Choice of add-ons
Your TVS bike insurance policy offers coverage depending on your policy type. While a third party bike insurance only provides coverage against damage to a third-party person or property, a comprehensive TVS bike insurance policy covers the following:
Financial losses arising due to damage to your own bike as a result of an accident is covered.
Damage to your bike as a result of fires or explosions is covered.
If your bike gets stolen, you will get compensated with the IDV of bike.
Natural and manmade calamities such as earthquakes, storms, floods, riots, and vandalism are covered.
Your treatment-related charges are all taken care of up to Rs. 15 lakhs.
Injury, disablement or death to a third-party person, and damage to their property are also covered.
Your TVS bike insurance renewal will take only a few minutes. It can be completed with just a few clicks from the comfort of your own home. Follow the four-step process mentioned below and get yourself covered instantly!
Having bike insurance is crucial. The owner-rider needs one to ride legally in the country. Plus, it is also important that you stay financially secure. There are many natural disasters that can cause significant damage to your bike and repairing it can cost you a fortune. Accidents and thefts can happen without any warning as well. It can happen to the best of riders and irrespective of how many safety features your bike has. A bike insurance policy from HDFC ERGO will help you avoid these unexpected expenses. There are many reasons why we are the insurer you should go with for TVS bike insurance policy, but here are the top ones:
You need an insurer that has a substantial presence across the region you are in or country. And with over 2000 cashless garages across India, HDFC ERGO ensures that help is always at hand.
The 24x7 roadside assistance facility ensures you are never stranded helplessly in case of any breakdown.
HDFC ERGO has over 1.5 crore happy customers, which means you can rest assured that your needs will be taken care of.
Your routine can get disrupted when your car is in service. However, with our overnight service for minor accidental repairs, simply catch up on your night’s sleep and have the car delivered to your doorstep in time for your morning commute.
The ideal insurer should process claims quickly and smoothly. And HDFC ERGO does exactly that, as we process nearly 50% of claims on the first day, ensuring your worries are minimised.
Growth in September Sales Has Led to TVS Shares Jump
TVS Motor Company shares gained half a per cent to Rs 1,531.10 on the NSE on October 3 as the two-wheeler manufacturer reported a 6% year-on-year (YoY) growth in total sales to 402,553 units in September, compared to 379,011 units a year ago. Total sales of two-wheelers increased 7% YoY to 386,955 units in September from 361,729 units. The TVS Motor Company stock has gained around 42% so far in 2023 and has rallied 53% in the past year.
Published on: Oct 05, 2023
TVS Launches Special Super Squad Edition For Raider 125 in India at Rs 98,919
TVS has launched a special super squad edition of Raider 125 where the bike now comes draped in two new paint schemes inspired by the Marvel Series: Black Panther and Iron Man. Apart from these changes, the bike has no additions to features or mechanical changes. Even the telescopic front forks and monoshock are unchanged. The Raider 125 Super Squad Edition gets a front disc and rear drum brake. The new Raider 125 variant uses the same 124.8cc, and it is priced at Rs 98,919 (ex-showroom, Delhi)
Published on: Aug 14, 2023