TVS is a brand that is well-known for their bikes that last for many years. When it comes to durability and good performance, TVS is right up there with the top brands when it comes to manufacturing top-notch bikes. Numerous bikers prefer to go for the TVS Radeon, one of the best of the brand’s lot.
Now, the TVS Radeon is a top pick. But before you can take this bike out for a spin, you need to have TVS Radeon two-wheeler insurance that provides coverage in case of an unfortunate accident. According to the Motor Vehicles Act of 1988, it is illegal to ride your bike on Indian roads without having a basic third-party bike insurance policy. IFFCO-Tokio can help you out as it provides the best bike insurance plans to suit all your coverage needs.
You should also know that there are two types of bike insurance policies you can get. A third-party TVS Radeon two-wheeler insurance plan, which is mandatory, or a comprehensive TVS Radeon two-wheeler insurance policy, which many bikers go for thanks to its additional protection and numerous add-ons. You can get your preferred TVS Radeon two-wheeler insurance policy according to your needs and budget from IFFCO-Tokio.
Road accidents are quite common and occur on a daily basis. While you can be as careful as ever while riding your bike, it is still very important for you to be covered with adequate coverage. A TVS Radeon two-wheeler insurance policy from IFFCO-Tokio will guarantee you the financial protection you need.
If you opt for a third-party TVS Radeon bike insurance policy, you will get coverage for your legal and financial liabilities towards the third-party if you are ever in an accident.
However, if you are opting for a comprehensive TVS Radeon bike insurance plan, you will be given coverage for both the third-party as well as yourself for the losses/damages caused by natural/man-made calamities. What this means is that you are financially covered by the losses which have been caused by floods, earthquakes, theft, riots, etc.
You can visit any of the IFFCO-Tokio offices and get help with all your TVS Radeon insurance needs. We also have a great website that allows you to get your TVS Radeon insurance online itself. With its easy navigation, you can now get your TVS Radeon two-wheeler insurance policy in just a few minutes by following these quick steps:
There are two ways of buying your TVS Radeon two-wheeler insurance policy from IFFCO-Tokio:
You can either visit any of our offices and buy your TVS Radeon insurance policy. You will be helped by one of our customer service team members.
The other way is to simply purchase your TVS Radeon insurance policy online. You can do this in just 3 simple steps:
Go to our website, fill up your name and mobile number. After this, fill in the details about your bike regarding its model and registration number. You will then be able to view all the add-ons that are available with the TVS Radeon insurance policy.
Once you have picked out a TVS Radeon bike insurance plan that you like, you can also choose to include add-ons to enhance your coverage.
After you have finalised your TVS Radeon insurance policy, all that is left for you to do is to simply checkout and complete the secure payment procedure on the website. Your TVS Radeon bike insurance policy will be sent to your mail immediately.
It is beneficial for you to purchase your TVS bike insurance policy online thanks to following advantages:
You can complete the entire process with a few simple clicks
Buy your TVS Radeon insurance policy at any time suitable to you
You can receive your policy via mail, which means you do not have to maintain any lengthy documentation.
This would depend on whether you go for a third-party TVS Radeon insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
A comprehensive TVS Radeon insurance policy is considered to be the ideal choice for any policyholder. This is because this type of policy covers the third-party and also the policyholder. Here’s what the policy covers:
Here are some recommended add-ons that can widen the coverage of your TVS Radeon bike insurance policy.
Zero-depreciation cover pays the entire claim amount without deducting depreciation value at the time of settling the claim.
This add-on keeps your no claim bonus safe even if you made a claim in the previous year.
If your vehicle is deemed a total loss, the add-on cover helps you get the original invoice price of the vehicle, including road tax and registration charges.
These are some of the standard exclusions of a bike insurance policy in India.
Types of bike insurance we provide:
Third-party insurance only covers any damage to a third party, including death, bodily harm, injury, and damage to a property in case of an accident or collision involving your bike.
Comprehensive bike insurance covers both third-party liabilities as well as own-damage to your bike. It also covers both natural and man-made calamities. These plans also allow you to include add-ons for a wider coverage!
You can also include the zero-depreciation cover to your comprehensive TVS Radeon two-wheeler insurance policy. This will ensure that in case of an accident, you get complete reimbursement for part replacements without any deduction for depreciation. Great, isn’t it?
You should be aware of the following bike insurance terms before you buy the TVS Radeon two-wheeler insurance policy.
Premium is the cost of your TVS Radeon insurance policy. It is the amount you have to pay to enjoy bike insurance coverage. It is usually payable annually, except for the case of long-term plans, where it is usually paid once every 3 years.
The financial protection provided by your insurance policy is known as coverage. The coverage of a bike insurance policy will vary based on the insurance provider and the type of plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your TVS Radeon bike insurance policy.
IDV stands for Insured Declared Value. It is the listing price of your bike minus depreciation. In case of a total loss or theft of your bike, IDV is the maximum compensation your insurance provider will offer.
NCB is a discount you get when you renew your plan after a claim-free year. This discount will keep increasing for every claim-free year. You can avail a maximum discount of 50% year after year for not making any claims against your TVS Radeon insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your TVS Radeon two-wheeler insurance policy using some very basic information. To calculate the premium, you must provide the following details:
Our bike and scooter insurance plans are like an extension of your protective gear. They keep you safe, wherever the road might take you! From the headlight to the tail-lamp, we’ve got you covered!
We use innovation and technology to provide you quicker and more convenient insurance solutions. For example, your policy can be issued instantly through our distribution channels. You can also use our QCS (Quick Claim Settlement) App to accelerate your claim process and get up to Rs. 20,000 transferred to your bank account within a few minutes - all with just a few clicks on your smartphone.
With close to 20 years of experience in the insurance industry, we have settled more than 8 lakh claims (in FY19) with a settlement ratio of 95.80% (in FY21). This is just one of the reasons why 1,00,000+ individuals entrust us for their bike insurance needs.
We provide cashless services in more than 4300 garages, which are evenly spread across the country.
We offer a QCS facility under which bike insurance claims get settled seamlessly within minutes.
For 20 years, we have been servicing our customers with a wide range of insurance policies.
We’ve settled a total of 8.61 lakh claims in FY2019 and have a claim settlement ratio of 95.80%.
IFFCO-Tokio won the 2019 IDC Digital Transformer Award for India for AI-based claim assessment of damaged vehicles. We have also won the BFSI Digital Innovation Award by Express Computers, Indian Express Group, as well as the Digital Insurer of the Year 2019 by Insurance Asia News Awards for Excellence.
Our policies can be brought from more than 20,000 agents and branches having a wide presence throughout the country.
Through our QCS app:
If you wish to make a claim for compensation, you can do so using our QCS (Quick Claim Settlement) app. All you have to do is upload related documents, photos, and videos of the damages you want to make a claim for. We will review the documents and other details uploaded by you and approve your claim (we have a claim settlement ratio of 95.80%). After this, the estimated amount for repairs will be sent to your bank account within minutes. Please note, for claims made through an application, the maximum claim amount will be Rs. 20,000.
You can register a claim for compensation online or by reaching us on 1800-103-5499.
To make a claim online, you will have to log in with your registered Email ID and Password. When you log in, go to ‘make a claim’ option and follow the steps mentioned. If you register a claim over a call, our customer care executives will guide you with further procedure.
I went through the simple process. I did not need to do much things to buy bike insurance plan from IFFCO Tokio.
Rated by: Alakshita Mishra
I thank IFFCO Tokio for their wonderfully designed two wheeler insurance plans.
Rated by: Vignesh Chandrashekara
I am very happy with IFFCO Tokio Two wheeler insurance.
Rated by: Sachin Koranne
The customer executive helped me with two wheeler insurance nicely.
Rated by: Abhay Suryakant Parkar
IFFCO Tokio has the answer to all your queries related to IFFCO Tokio.
Rated by: Ajaya Kiran