TVS NTorq 125 Insurance

Secure your TVS NTorq 125 scooter with a two-wheeler insurance plan. Check all the details here.
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3 min
02-March-2024

Owning a TVS NTorq 125 comes with the responsibility of protecting your prized possession with adequate insurance coverage. Understanding the nuances of TVS NTorq 125 insurance is essential to make informed decisions regarding coverage, premiums, and claims. In this comprehensive guide, we will discuss various aspects of insuring your TVS NTorq 125 scooter, including factors influencing insurance prices, premium calculation methods, coverage options, and tips to reduce insurance premiums.

Whether you're a new owner or looking to renew your TVS insurance policy, this article aims to equip you with the knowledge needed to navigate the world of TVS NTorq 125 insurance effectively.

Factors influencing TVS NTorq 125 insurance price

When determining the insurance price for your TVS NTorq 125, insurance providers take several factors into account:

  • Vehicle age: The age of your NTorq 125 scooter significantly impacts the two-wheeler insurance price. Newer models may have higher insurance premiums due to their higher market value and increased susceptibility to theft or damage.
  • Engine capacity: The engine capacity of the NTorq 125, which is 125cc, is another critical factor influencing insurance premiums. Generally, scooters with higher engine capacities are associated with increased risks and may attract higher premiums.
  • Claim history: Your past insurance claim history can also affect the insurance price for your NTorq 125. A history of frequent claims or involvement in accidents may lead to higher premiums as insurers perceive you as a higher-risk policyholder.
  • Security features: Installing additional security features such as anti-theft alarms, immobilizers, or GPS trackers on your NTorq 125 scooter may help reduce insurance premiums. These features lower the risk of theft or unauthorized use, making your scooter less susceptible to potential losses.

TVS NTorq 125 insurance coverage

TVS NTorq 125 insurance coverage typically includes:

  • Third-party liability: Mandatory by law, third-party liability coverage protects you against legal liabilities arising from injuries or damages to third parties in accidents involving your scooter.
  • Own damage: Optional own damage coverage provides financial protection against damages to your NTorq 125 scooter due to accidents, theft, fire, or natural disasters.
  • Comprehensive coverage: This is a combination of third-party and own damage plans, providing comprehensive coverage for your NTorq against accidental damages, natural calamities, and third-party liabilities.
  • Personal accident cover: Personal accident cover offers financial compensation in case of accidental death or disability of the insured rider.

Understanding TVS NTorq 125 insurance premium calculation

The insurance premium for your TVS NTorq 125 is calculated based on various factors, including:

  • Insured Declared Value (IDV): The Insured Declared Value represents the maximum sum insured in case of total loss or theft of your NTorq 125 scooter. The insurance premium is directly proportional to the IDV, meaning a higher IDV leads to higher premiums.
  • Add-on covers: Opting for add-on covers such as zero depreciation, roadside assistance, or engine protection increases the insurance premium. These additional covers enhance the scope of coverage but come at an extra cost.
  • No Claim Bonus (NCB): If you have a claim-free history, you are eligible for a No Claim Bonus, which is a discount on the insurance premium. The NCB percentage increases with every claim-free year, resulting in lower premiums at renewal.

Comparison of TVS NTorq 125 insurance plans

Before purchasing insurance for your NTorq 125, consider comparing different insurance plans to find the most suitable one. Here's a comparison table highlighting key features:

Variants Minimum Premium (Third-party coverage) -
TVS NTorq 125 Disc - 124.8 cc, Petrol
 714 Get Quote
TVS NTorq 125 Race Edition - 124.8 cc, Petrol
 714 Get Quote
TVS NTorq 125 Super Squad Edition - 124.8 cc, Petrol
 714 Get Quote
TVS NTorq 125 Race XP - 124.8 cc, Petrol 714 Get Quote
TVS NTorq 125 XT - 124.8 cc, Petrol 714 Get Quote


Tips to reduce TVS NTorq 125 insurance premium

To lower your TVS NTorq 125 insurance premium, consider the following tips:

  • Maintain a clean riding record: Avoid accidents and traffic violations to maintain a clean riding record. A history of responsible riding without any claims or violations can result in lower insurance premiums due to the No Claim Bonus (NCB) benefit.
  • Compare insurance plans: Before purchasing insurance for your NTorq 125, compare quotes from multiple insurance providers to find the most competitive premium rates. Online insurance comparison platforms make it easy to compare plans and choose the one that offers the best value for your money.
  • Renew timely: Ensure timely renewal of your insurance policy to avoid lapses in coverage. Insurance companies may offer discounts or incentives for timely renewals, helping you save on premiums in the long run.

Also read: Car Insurance Policy

How to buy TVS NTorq 125 insurance on Bajaj Finance Insurance Mall

Buying insurance for your TVS NTorq 125 is easy. Bajaj Finance Insurance Mall offers a convenient platform for you to buy or renew two-wheeler insurance plans for your NTorq scooter. Choose from plans offered by leading insurance partners and buy the policy in just a few clicks. Here’s how:

Step 1

Click on 'Get Quote' to open the online application form.

Step 2

Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the 'Get Quote' button below.

Step 3

Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant two-wheeler insurance policies. You need to update your current policy expiry date here.

Step 4

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 5

Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on 'Proceed'.

Step 6

Enter the vehicle owner's name, date of birth, residential address, and contact number. Also, enter the vehicle engine and chassis number (as mentioned in RC) and previous policy details.

Step 7

Recheck your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to complete the application process.

TVS NTorq 125 insurance claim process

In case of an accident or damage to your TVS NTorq 125, follow these steps to file an insurance claim:

  1. Notify the insurer: Inform your insurance provider about the incident as soon as possible and provide details about the damage or loss.
  2. Document submission: Submit the necessary documents, including the claim form, copy of the insurance policy, FIR (if applicable), and repair estimates.
  3. Assessment: An insurance surveyor will assess the damage to your scooter and validate the claim.
  4. Claim settlement: Upon approval, the insurance company will initiate the claim settlement process and provide compensation for the damages as per the policy terms and conditions.

By understanding these aspects of TVS NTorq 125 insurance, you can make informed decisions and ensure adequate protection for your scooter at an affordable price.

Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, The New India Assurance Company Limited, Cholamandalam MS General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.