What is Two Wheeler Insurance:
Two Wheeler Insurance plans safeguard you against the financial impact of accidents, natural calamities & other unfortunate events that could harm your vehicle. Having a bike insurance policy ensures that your vehicle is restored to its original condition without putting a dent in your finances.
In case of an accident, you may also inadvertently injure or damage someone else’s property. Fortunately, your motor insurance policy will cover your legal liability to pay for third party losses as well. This means that the insurance company will compensate for the damages and/or injuries caused to others on your behalf.
Lastly, you should know that having bike/scooter insurance is compulsory. As per the Motor Vehicles Act of 1988, you need to have at least a third party insurance plan to use your vehicle in India. Therefore, one must purchase a bike insurance policy and keep it valid at all times, a task made much easier with online bike insurance policies from IFFCO-Tokio.
Key Features of Bike Insurance By IFFCO-Tokio
|Key Features||Benefits of IFFCO-Tokio|
|Savings||Save Upto 70% on Premium|
|NCB Benefits||Get up to 50% Discount|
|Easy Claims||App-based Claim Settlement within 4 Hours|
|Claim Settlement Ratio||95.80% Claims Settled*|
|Claim Assistance||24/7 claim assistance Customer service|
|Own Damage Cover||Available|
|Damages to Third-Party||Available|
Buy and Renew Two Wheeler Insurance Online
If you love the freedom of the open road, then you will love the freedom of choices we provide you. We offer easy-to-understand and affordable third party, comprehensive & depreciative waiver or zero-depreciation bike insurance plans. You can also opt for 5 years of third party bike insurance cover or a single-year own damage insurance. Or, you could bundle the two together and enjoy better savings. Not to mention, we also provide you with several add-on Two Wheeler Insurance options to choose from.
As far as protection is concerned, our bike insurance policies provide coverage against accidents, theft, natural calamities like cyclones, floods, storms, lightning, earthquake, landslide, etc. When you ride with us, you get complete protection, on and off the road.
With IFFCO-Tokio’s bike insurance, buying or renewing Two Wheeler Insurance online is as easy as twisting the throttle on your motorcycle! You can get instant quotes in a snap! All you have to do is tell us about your bike, the coverage you want, and hit the submit button. We will assess your details and put together the ideal options for you! In addition to the best insurance coverage, your Two Wheeler Insurance policy also comes with a customer support team that is available round the clock and is as eager to help you, as you are to ride your bike!
Why choose IFFCO-Tokio?
Our Two Wheeler 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 & technology to provide you quicker and more convenient insurance solutions. For example, your policy can be issued instantly through smartphones of our distribution channels. You can also use our QCS App to accelerate your claim process and get up to Rs. 20,000 transferred to your bank account within few minutes – all with just a few taps in clicks on your mobile phone.
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%, which is the highest in the industry. This is just one of the reasons why 1,00,000+ individuals entrust us with their bike insurance policy needs.
Our Two Wheeler Insurance Plans
Need to buy bike insurance online? There are two types of plans you can choose from, i.e. third-party cover & comprehensive insurance. Both of these Two Wheeler Insurance plans offer different levels of protection. See which one of these plans is better suited for you
Popular add-on covers
In most cases, the depreciation amount is always considered in the event of a claim. However, with a zero depreciation cover, you will be able to get the full value for repairs in case of any damage to your two-wheeler.
You can get a No Claim Bonus protection wherein if you do not make a claim, you can get a discount on your premium which is 20% after one year. The No Claim Bonus discount will keep building each year and can go up to 50% after 5 consecutive years.
If your two-wheeler is deemed a total loss, this add-on cover helps you get the original invoice price of the two-wheeler, including road tax and registration charges. This can help those who live in places where two-wheeler thefts are frequent.
What is Not Covered under Two Wheeler Insurance Policy?
All Two Wheeler Insurance plans will have a standard set of exclusions that are not covered by the policy. Take a look at some of the situations in which case your two wheeler insurance policy will not be covering the damages faced by your bike: