The TVS XL Heavy Duty is a powerful scooter with a good load-carrying capacity. Its smart looks and high performance make this two-wheeler a popular choice among buyers and a real head-turner out on the roads.
If you are looking for a powerful scooter that will last the years, the TVS XL Heavy Duty will prove to be a good choice. Now, before you take your scooter out for its first ride, you need to look into getting proper TVS XL Heavy Duty insurance coverage. As per The Motor Vehicles Act, 1988, you cannot ride or drive on Indian roads without having a valid bike insurance policy. This is where IFFCO-Tokio can step in to help you.
You can either buy a third-party TVS XL Heavy Duty insurance policy or opt for comprehensive coverage. Whichever plan you pick, IFFCO-Tokio will delight you with just the right TVS XL Heavy Duty insurance policy at affordable pricing.
Even if you ride carefully, the road can be pretty unpredictable. A single mishap can really drain out your savings as you pay for resulting damages and injuries. A TVS XL Heavy Duty insurance policy from IFFCO-Tokio will ensure that you are financially protected during an accident for true peace of mind.
When you buy a third-party TVS XL Heavy Duty bike insurance policy, you are covered against any third-party financial and legal liabilities arising from an accident.
When you buy a comprehensive TVS XL Heavy Duty bike insurance policy, you get coverage for third-party damages as well as own damages in an accident involving your TVS XL Heavy Duty. You also get covered against man-made calamities and natural disasters. So, you can raise a claim if your TVS XL Heavy Duty is damaged due to earthquakes, tempests, flooding, and landslides or even if you undergo total loss due to theft.
Simply visit one of the IFFCO-Tokio office branches and buy the TVS XL Heavy Duty bike insurance coverage you need. Or, you can buy your TVS XL Heavy Duty insurance coverage online easily by following these 3 quick steps -
Simply log on to our website, fill up a few details on your personal information (name, contact details, bike registration information, etc.), and view the relevant TVS XL Heavy Duty bike insurance policy options offered by us.
Next, pick a TVS XL Heavy Duty insurance policy that suits your budget and needs for coverage. Once you have settled on the TVS XL Heavy Duty bike insurance policy you want, complete the online application form and go ahead to make your payment.
Now, checkout and complete the payment for your TVS XL Heavy Duty insurance on our secure website. Your TVS XL Heavy Duty bike insurance policy will be sent to your inbox where it stays safe until you need it. Do go through the policy details.
You are always welcome to walk into any one of our offices and we would be more than happy to assist you in getting the TVS XL Heavy Duty bike insurance policy you need. However, we do recommend that you buy your TVS bike insurance policy on our website to enjoy the following benefits -
The entire policy purchase can be completed in a matter of minutes
You can buy a TVS XL Heavy Duty bike insurance policy at a time and place convenient to you
You receive a soft copy of your TVS XL Heavy Duty insurance policy in your inbox, so you eliminate the need for a long paper trail
This would depend on whether you go for a third-party TVS XL Heavy Duty bike insurance policy or a comprehensive TVS XL Heavy Duty two-wheeler insurance policy.
Coverage under a third-party bike insurance policy
Bodily injury or death of the third-party
Property damage of the third-party
Accidental death of the owner/driver of the insured vehicle (If personal accident component is included in the policy)
Coverage under a comprehensive bike insurance policy
A comprehensive TVS XL Heavy Duty 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 comprehensive TVS XL Heavy Duty two-wheeler insurance policy covers:
Here are some recommended add-ons that can widen the coverage of your TVS XL Heavy Duty 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 TVS XL Heavy Duty two-wheeler insurance policy 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 TVS XL Heavy Duty two-wheeler insurance policy covers both third-party liabilities as well as own damage to your bike. It also covers both natural and man-made calamities. These comprehensive TVS XL Heavy Duty two-wheeler insurance plans also allow you to include add-ons for a wider coverage!
You can also include the zero-depreciation cover to your comprehensive TVS XL Heavy Duty 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 XL Heavy Duty two-wheeler insurance policy.
Premium is the cost of your TVS XL Heavy Duty 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 TVS XL Heavy Duty two-wheeler insurance plans, where it is usually paid once every 3 years.
The financial protection provided by your TVS XL Heavy Duty two-wheeler insurance policy is known as coverage. The coverage of a TVS XL Heavy Duty insurance policy will vary based on the insurance provider and the type of TVS XL Heavy Duty two-wheeler insurance plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your TVS XL Heavy Duty two-wheeler 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 XL Heavy Duty insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your TVS XL Heavy Duty 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 with 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% (FY21).
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.
The best two wheeler insurance plan is provided by IFFCO Tokio.
Rated by: Ritu Aditya
I have taken my two wheeler insurance from IFFCO Tokio
Rated by: Pradeep Agarwal
I wanted to take two wheeler insurance for my new bike and I went through the hassle free process with IFFCO Tokio.
Rated by: Pooja aabnave
Its been 3 years I have got the two wheeler insurance policy from IFFCO Tokio and it is extremely good.
Rated by: Rakesh AGARWAL
I had a word with IFFCO Tokio executive and they explained me everything about the two wheeler insurance plan
Rated by: Sagar AGARWAL