TVS Jupiter is one of the most popular two-wheelers in India that combines style, performance, and comfort. It is designed to meet the demands of urban and rural riders alike. Like any other vehicle, owning a TVS Jupiter comes with the added risk of unforeseen events such as accidents, theft, and damages. Protecting your TVS Jupiter with a comprehensive insurance policy can help you safeguard against such events. In this article, we will discuss everything you need to know about TVS Jupiter two-wheeler insurance.
What is TVS Jupiter two-wheeler insurance?
TVS Jupiter two-wheeler insurance is a type of insurance policy that provides financial coverage to policyholders in the event of loss or damage to their vehicle. It is mandatory by law to have a third-party two-wheeler insurance policy in India. However, you can also opt for a comprehensive insurance policy to get protection against own damage, theft, natural calamities, and personal accident cover.
Types of bike insurance
There are two types of bike insurance policies available in India:
- Third-party insurance: This is a mandatory policy that covers damages caused to third-party property or person in case of an accident involving your TVS Jupiter.
- Comprehensive insurance: This is an optional policy that covers damages to your TVS Jupiter due to accidents, theft, natural calamities, and personal accident cover for the rider.
What is covered in TVS Jupiter insurance?
Here are the coverage options available in the TVS Jupiter two-wheeler insurance policy:
- Third-party liability: This covers damages caused to third-party property or person in case of an accident involving your TVS Jupiter.
- Own damage: This covers damages due to accidents, fire, theft, and natural calamities.
- Personal accident cover: This offers financial assistance in case of permanent disability or death of the rider due to an accident.
- Add-on cover: Optional add-ons such as zero depreciation, engine protection cover, and roadside assistance can also be availed for additional protection.
What is not covered in TVS Jupiter insurance?
Here are some exclusions under the TVS Jupiter two-wheeler insurance policy:
- Driving without a valid licence or under the influence of alcohol or drugs.
- Using your TVS Jupiter for illegal activities.
- Normal wear and tear of the vehicle due to regular usage.
- Damage to the vehicle due to reckless driving or negligence.
How to buy bike insurance for TVS Jupiter bike?
You can easily buy a bike insurance plan of your choice online through any of your preferred insurer’s website. If you wish to compare and buy bike insurance plans offered by leading insurers, you can do so through Bajaj Finance Insurance Mall. Follow the below steps buy a bike insurance plan of your choice.
Step 1: Visit Bajaj Finance Insurance Mall and view the comprehensive two-wheeler insurance plans offered by leading motor insurance companies.
Step 2: Click on 'Get Quote’ to open the online application form.
Step 3: Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions of TVS motor insurance and click on the ‘Get Quote’ button below.
Step 4: Choose the IDV, NCB value, bike insurance add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.
Step 5: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.
Step 6: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’ for TVS vehicle insurance.
Step 7: Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous policy details.
Step 8: Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to buy the TVS bike insurance policy.
Why choose bike insurance through Bajaj Finance?
If you choose bike insurance through Bajaj Finance Insurance Mall, you can enjoy the following benefits:
Compare and buy: Compare bike insurance plans offered by leading insurers in India at one platform and buy the insurance plan that suits your requirements.
100% digital process: Bajaj Finance offers fully digital buy process with minimal paperwork.
Reliable plans: Bajaj Finance partners with trusted insurance companies across India and brings you curated insurance plans that cater to diverse needs of individual.
Things to remember when buying two-wheeler insurance
Given below are the things that you should keep in mind when buying bike insurance:
- Coverage needs: Assess your coverage requirements, considering factors like bike model, usage, and personal preferences.
- Policy type: Choose between comprehensive, third-party, or own-damage policies based on your needs and budget.
- Premiums: Compare premiums from different insurers, ensuring affordability while maintaining adequate coverage.
- Policy inclusions: Scrutinise policy details, understanding what is covered, including add-ons, and checking for any exclusions.
- Claim process: Evaluate the insurer's claim settlement process – a hassle-free and efficient process is crucial during emergencies.
- No Claim Bonus (NCB): Understand the NCB benefits and how they impact premium reductions upon claim-free years.
- Policy renewal: Keep track of renewal dates and renew your policy on time to avoid lapses in coverage.
- Insurer reputation: Research and choose a reputable insurer with a track record of reliable customer service and fair claim settlements.
- Discounts and offers: Look for available discounts or promotional offers to maximise cost savings.
- Policy terms: Read and understand the policy terms and conditions thoroughly before finalising your two-wheeler insurance purchase.
Having TVS Jupiter two-wheeler insurance is not only mandatory but also necessary to protect your vehicle and yourself. You can choose the type of insurance policy that suits your requirements and budget. Before buying a policy, make sure to research and compare various policies, coverage, and premiums offered by different insurance providers. Ensure timely policy renewal to avoid any lapse in coverage. Stay insured and stay safe on the roads.
