About Avera
Avera is one of the leading electric vehicle manufacturers, with headquarters in Andhra Pradesh, India. The brand, founded by Dr Venkata Ramana and Chandana in 2018, is now expanding to global markets and shaping the future of electric mobility with advanced technology-led solutions and energy distribution. The brand's impressive EV line-ups include the Retrosa, Retrosa Lite E, Vincero, and Pegasus.
Popular Avera Bike Models with Bike Insurance Price
Avera Bike Models | Zero Dep Cover* (Add-on Cover) | Estimated Avera Bike Insurance Price* (1+5 Bundled Policy) |
Avera Electric Vehicle Retrosa E Bike | ₹406 | ₹2,990 |
*Disclaimer: The Avera insurance price depends on multiple factors like make, model, IDV, ex-showroom price, past claims, zero depreciation, etc. The premium costs can differ for different insurance providers.
Avera Insurance Premium Calculator
The Avera Insurance online premium calculator is a convenient online tool designed to help you quickly determine the bike insurance premium for your Avera bike. You can use this free bike insurance premium calculator on Policybazaar.com for fast and accurate estimates. Simply enter the following details to get your premium calculation:
- Model, variant, and specifications of the bike
- Year and location of registration
- Ex-showroom price
- Previous claim history
Coverage Under Avera Insurance
- Inclusions
- Exclusions
Cited below are some common inclusions under the Avera Insurance policy:
- Covers damages caused to third-party individuals or property in the event of an accident involving your insured motorcycle.
- Safeguards your motorcycle from damage resulting from human disturbances such as riots, vandalism, or strikes.
- Covers damage caused by natural events like earthquakes, floods, cyclones, landslides, typhoons, and other unforeseen natural calamities.
- Provides compensation for damages arising from accidents, whether due to traffic collisions or other road incidents.
- Offers coverage in case of theft or burglary, ensuring compensation for total or partial loss of your insured motorcycle.
- Covers any damage caused by fire incidents.
These situations are excluded from Avera Insurance policy:
- Damages resulting from intentional actions, negligence, civil unrest, or nuclear conflict are not covered under the policy.
- Any accident occurring while the rider is under the influence of drugs or alcohol renders the policy void, and no claim will be processed.
- The policy does not cover routine wear and tear or mechanical breakdowns due to regular usage.
- Claims will be denied if essential documents, such as a valid driver's license, vehicle registration, insurance, or a pollution under control certificate (PUCC), are not presented.
- If the policy has expired, no claim will be processed.
- The policy does not cover any damage if the motorcycle is used beyond the geographic limits specified in the policy.
*Disclaimer: These pointers are basic inclusions-exclusions of any policy. The scope of your Avera insurance policy may differ depending on the type of plan you have chosen.
How to Buy/Renew Avera Bike Insurance Online?
You can insure or make Avera insurance renewal for your bike conveniently through Policybazaar.com by keeping in mind the following steps:
- Step 1: Access Policybazaar.com and choose 'Bike Insurance' from the 'Insurance Products' dropdown.
- Step 2: For Avera insurance renewals, enter your bike's registration number. To buy new bike insurance, click on the 'Bought a New Bike' option.
- Step 3: Fill in the fields correctly and double-check before you submit.
- Step 4: Browse through multiple quotes from reputed insurers in one place to find a policy that suits your requirements and budget.
- Step 5: Pick the type of plan you prefer, comprehensive insurance or third-party insurance, and explore additional add-ons if needed.
- Step 6: Complete the premium payment using any of the convenient online methods. Once done, your Avera Insurance policy will be emailed to you, giving you immediate protection.
Avera Bike Insurance Add-ons
Take advantage of multiple add-ons/riders to enhance your basic Avera insurance policy coverage:
- No Claim Bonus (NCB) Protection Cover
- Zero Depreciation Cover
- Engine Protection Cover
- Return-to-Invoice (RTI) Cover
- 24/7 Roadside Assistance
- Passenger Assistance Cover
- Personal Accident Cover
- Consumables Cover
How to Claim Avera Insurance Online?
If you need to file an Avera insurance claim for accidental damages to your two-wheeler, follow these straightforward steps:
- Step 1: Immediately inform your insurance provider about the accident or any damage to your motorcycle.
- Step 2: A designated surveyor from the insurance company will come to assess the damage.
- Step 3: The surveyor will compile a detailed damage assessment report and forward it to your insurer for review.
- Step 4: Gather and submit all necessary documentation, such as your ID proof, the completed claim form, and details of your insurance policy, for verification.
- Step 5: Once your claim is processed, you can get your motorcycle repaired at an insurer-approved network garage and take advantage of cashless repair. Your insurance provider will settle the bill directly with the garage.
- Step 6: If you choose a non-network garage, you'll have to pay the bill upfront and then submit the receipt to your insurer for reimbursement to your registered bank account.
Documents Needed to File Avera Insurance Claims
When filing a Avera insurance claim, ensure you have the following documents available:
- Completed and signed claim form
- Copy of your insurance policy
- Vehicle registration certificate (RC)
- Valid driving licence (DL)
- FIR or Police Report (if necessary)
- Repair estimate
- Photos that depict damages to the motorcycle
- Repair invoice (if repairs have been conducted)
- No objection certificate (NOC) from the financer (if required)
Avera Insurance FAQs
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Q. Can I get a bundled Avera insurance policy?
Ans: Yes. You can purchase a bundled policy for your Avera bike in which you will get 1-year own damage and 5-year third-party covers. You can easily buy Avera insurance online on Policybazaar.com. -
Q. Is it mandatory to get a 5-year third-party Avera insurance policy?
Ans: Yes. A 5-year third-party Avera insurance policy is mandatory as per the 2018 Supreme Court Ruling and a subsequent amendment to the Motor Vehicles Act of 1988. -
Q. Can I get an accessory add-on for my Avera bike?
Ans: Yes. You can opt for accessory add-ons while buying or making Avera insurance renewal. Simply head over to Policybazaar.com to get quick coverage. -
Q. What are OD and TP in the Avera insurance policy?
Ans: In the Avera insurance policy, OD (Own Damage) covers damages to your own vehicle from accidents, natural disasters, theft, or vandalism. TP (Third-Party) covers legal and financial liabilities for damages or injuries caused to a third party person or property due to an accident involving your vehicle.
Two Wheeler insurance articles
^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.
^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.
#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.
*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)
#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.
*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in