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4.4
Customer RatingsTVS Wego Insurance Online
TVS Wego was launched in 2010, a scooterette that immediately captured the market with its superior stability and handling. Over the course of the next five years, it won several ‘Scooter of the Year’ awards and received the Indian Design Mark award in 2014 as well.
With its lightweight yet sturdy design, and low-friction engine, TVS Wego delivers a mileage of 62kmpl. The mileage is especially handy given the 5-litre capacity of the fuel tank. In 2017, TVS released a new BSVI-compliant Wego with subtle updates such as the dual side handle lock, parking lights, ignition key glow, mobile charging provision, etc. However, it was discontinued in 2020 to make way for its successor, the uber-successful TVS Jupiter. But Wego continues to enjoy cult-status amongst the TVS faithful, even 10 years down the line.
Popular TVS Wego Variants
Types of TVS Wego Insurance HDFC ERGO Offers
Your ownership of the scooter also involves keeping it in good shape. Avail insurance to ensure you’re not financially strained in the event of an accident. While a TVS Wego third party bike insurance is mandatory, it is recommended to opt for a comprehensive bike insurance plan to extend the coverage and protect your own bike against theft, natural or manmade calamities, and accidents. Let’s look at the available plans in detail.
This comprehensive policy is the most-recommended plan for your TVS Wego as it comes with own damage protection as well as a third-party liability cover. Moreover, you can choose the tenure of the plan up to 3 years to avoid renewal hassles. Furthermore, it includes the mandatory personal accident cover to help you out financially in case of treatment or hospitalisation.
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Accident, theft, fire etc.
Personal accident cover
Natural calamities
Third-party liability
Choice of add-ons
As per the Motor Vehicles Act, 1988, this is a mandatory cover required for every bike on the road to safeguard yourself from liabilities arising due to injury or damage to a third-party person or their property. Riding without a third-party cover can lead to a fine of INR 2000, which likely surpasses the cost of the policy itself.
Personal accident cover
Third-party property damage
Injury to a third-party person
The own damage bike insurance cover offers financial coverage against damage to your own vehicle. This could be a result of an accident, natural or manmade disaster, or even theft. It is best paired with a third-party cover for comprehensive coverage.
Accident, theft, fire etc
Natural calamities
Choice of add-ons
This plan is designed for new bikes, wherein you get one year of comprehensive protection and a 5-year tenure for the third-party cover, so that you’re covered continuously for longer.
Accident, theft, fire etc
Natural calamities
Personal accident
Third-party liability
Choice of add-ons
Inclusion & Exclusions of TVS Wego Insurance
A comprehensive TVS Wego bike insurance policy includes financial coverage against damage to your own vehicle, third-party liability, and a personal accident cover. Here’s what it covers:
Accidents
Damage to your bike as a result of an accident is covered, regardless of the at-fault party.
Theft
Irretrievable theft will result in the dispensation of the Insured Declared Value (IDV) of the bike, ensuring it’s not a total loss for you.
Natural/Manmade disasters
Your vehicle is prone to damage by natural or manmade events such as storms, earthquakes, vandalism, etc.
Personal Accident
Accidents, especially on bikes, also end up injuring the rider, and not just the bike. Which means, you might require hospitalisation and treatment. With a personal accident cover, your treatment costs are taken care of.
Third Party Liability
Injury to a third-party person or damage to their property can result in significant out-of-pocket expenses, all of which is covered by the third-party liability component of your policy.
While a comprehensive bike insurance policy provides extensive coverage, there are specific scenarios where your claim could get rejected or the coverage is not applicable. Read the fine print to know more and make a note of these exclusions:
Depreciation
TVS Wego, like any other bike, is a depreciating asset. Therefore, the difference between the cost of the new spare part and the old replaced part will need to be borne by you, unless you’ve availed a Zero Depreciation cover.
Wear and tear
Wear and tear are inevitable in a vehicle that is made up of mechanical moving components that produce friction and heat. As a result, parts that malfunction due to natural wear and tear are not covered by insurance.
Electrical & Mechanical Breakdown
Electrical breakdowns can occur as a result of changes in the environment, physical acts of distortion, or other unexplained causes, and that’s why it’s often out of the ambit of coverage.
Illegal Driving
Engaging in any illegal behaviour at the time of the accident is likely to void your insurance claim. These include driving without a license, under the influence of substances, etc.
How to Renew TVS Wego Insurance?
You can easily buy or renew your TVS Wego bike insurance policy by logging onto the insurer’s website, providing the vehicle’s and personal details, and making the payment. It will just take a few minutes.
Step #1Visit HDFC ERGO website and choose to buy or renew your policy
Step #2Enter your bike details, registration, city, and previous policy details, if any
Step #3Provide your email ID, and phone number, to receive the quote
Step #4Make the online payment and get covered instantly!
Why HDFC ERGO Should be Your First Choice?
TVS is a leading manufacturer of two-wheelers in the country, with a solid reputation for reliability and service. Hence, it makes sense to go for a leading insurer as well, that’s reliable and has extensive reach. Here’s why HDFC ERGO fits the bill:
24x7 roadside assistance
Our 24x7 roadside assistance facility ensures you’re never stranded in the middle of nowhere.
Easy claims
Over 50% of claims are processed on the same day, minimising the time between the damage to the bike and its repair.
Overnight repair service
We ensure you have a good night’s sleep while your bike is repaired for minor damages, so that it is ready for the next day’s use.
Cashless assistance
2000 plus cashless garages across the country ensure your finances are protected while the repair work is taken care of.
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