TVS Sport Bike Insurance

Do I need to submit any documents while buying TVS Sport bike insurance from ACKO?

No. You need not upload any documents while buying two-wheeler insurance online from ACKO. Visit the ACKO website/app, fill in the vehicle and personal details, choose your insurance plan and make the payment online. That’s it. Your two-wheeler insurance policy will be instantly sent to your email address. There is no paperwork or filling of forms.

Can I renew TVS Sport bike insurance online, and how much time does it take?

Yes. You can renew bike insurance online, and the process is similar to buying a new insurance plan. Log in to your ACKO account via the website or the app. Select the policy renewal option and choose your insurance plan and add-ons. Make the payment online, and your two-wheeler insurance policy is renewed. It only takes a few minutes to renew your ACKO bike insurance policy.

Is Personal Accident cover included in TVS Sport two-wheeler insurance?

No. Personal Accident (PA) cover is not included in a bike insurance plan. You have to purchase the Personal Accident cover separately when buying/renewing the two-wheeler insurance plan. Along with a third-party insurance cover, the PAC cover is also mandatory to comply with The Motor Vehicles Act, 1988. You need to buy only one PA cover even if you own multiple vehicles.

Can I buy add-ons for my Third-Party bike insurance plan?

No. You cannot opt for add-ons for a Third-Party Two-wheeler Insurance Policy. Since the Third-Party Policy does not come with an Own Damage cover, you cannot buy add-ons. Add-ons enhance the coverage benefits under the Own Damage cover. Only a Comprehensive Bike Insurance Plan allows you to buy add-ons.

My TVS Sport bike is damaged due to flooding. Does a bike insurance plan cover such losses?

Yes. If you have purchased a Comprehensive 2-wheeler Insurance Plan, such losses are covered. A Comprehensive Policy covers damages to your bike caused due to natural disasters such as floods, earthquakes, cyclones, etc. If your bike is damaged due to flooding, you can raise a claim against the Comprehensive Bike Insurance Plan. But if you have opted for a Third-Party Insurance Plan, then damages to your bike are not covered.

What is NCB in TVS Sport bike insurance, and what is the benefit of NCB?

NCB or No Claim Bonus is the discount awarded by the insurer for making no claims during the previous policy period. You can avail of an NCB discount when renewing the insurance policy. NCB reduces the insurance premium, and the percentage of discount depends on how many claim-free years you had. The NCB discount goes up to 50% if you have made no claims for five consecutive years.

Which add-ons should I buy for my TVS Sport bike?

Add-ons enhance the coverage benefits of the Comprehensive Two-wheeler Insurance Policy. You can consider buying Engine Protection Cover, Roadside Assistance Cover, Consumables Cover and Zero Depreciation Cover add-ons for your TVS Sport bike. For the full list of available add-ons, click here.

Can I buy long-term bike insurance plans at ACKO?

Yes. You can buy 2 or 3-year long-term bike insurance plans from ACKO. By opting for a long-term two-wheeler insurance plan, you save on the premium, and there is no hassle of yearly renewals. You can opt for a long-term plan while buying/renewing the Third-Party/Comprehensive Bike Insurance Policy.

Is there an option to change the IDV as per my requirement while buying ACKO bike insurance?

Yes. You can adjust the IDV (Insured Declared Value) as per your needs while buying Comprehensive 2-wheeler insurance from ACKO. While selecting the insurance plan, you can find an IDV slider, which suggests the optimum IDV for your bike. You can move the slider and adjust the IDV as per your requirement. Note that you don't have the option of adjusting IDV if you are buying a Third-Party Bike Insurance Plan.

What happens if my TVS Sport bike insurance expires?

An expired bike insurance policy will not provide any coverage benefits. The insurer will not be liable for any damages caused to your bike or third-party property/life if the insurance plan lapses. 

Also, it is an offence to ride your bike with an expired two-wheeler insurance policy. You may also lose out on benefits such as NCB discount if you fail to renew the policy within 90 days from the date of expiry. You might end up paying an increased premium while renewing an expired policy due to additional charges. So, always renew the insurance plan before it expires.