Compare IFFCO Tokio Two Wheeler Insurance Features and Coverage Details Online

Two-wheelers are a preferred mode of transport by many people in India as it costs less and reduces the commute time. But with so many two-wheelers on the road, it is important to be protected against financial liabilities that might arise out of accidents. The best way to be prepared to meet such contingencies is to have a motor insurance policy. The Government of India made it mandatory for all vehicles to have a third-party liability policy under the Motor Vehicles Act, 1988. IFFCO Tokio offers an insurance policy that can be purchased easily online.

Features And Benefits Of IFFCO Tokio Two-Wheeler Insurance

Policy Period	12 months (Customisable)
Policy Types	Comprehensive private car cover
Policy Coverage	Theft Physical damage Third-party liability
Exclusions	Claims due to contractual liabilities Loss or liability incurred outside the geographical area covered Liability incurred due to nuclear weapons Normal wear and tear Electrical or mechanical breakdown Invalid driving licence Loss or damage due to war Riding under the influence of alcohol or drugs Consequential loss
Renewal frequency	End of policy term
Available Add ons	Optional personal accident insurance for pillion rider
No Claim Benefit	Provided for every claim-free year. Discount is capped at 50% maximum. NCB is granted if the policy is renewed within 90 days of the expiry date of the previous policy
No Claim Benefit after Claim	NCB becomes nil
Zero Depreciation Cover	Available
Refund Facility	Policy can be cancelled by giving 7 days notice provided no claim has risen during the policy term. The company will refund the premium minus short period rates.
Policy Expiration	The policy will expire on at the end of the policy term. You may renew the policy to continue your coverage
Network Garage	Over 2,300 network garages across the country

 

Reasons To Choose IFFCO Tokio Two Wheeler Insurance

When you opt for a two-wheeler insurance policy from IFFCO Tokio, you stand to benefit from a number of value-added features.

• Easy Claim Settlement

  Assistance is provided round the clock by IFFCO Tokio to customers all across India.

• Payment Modes

  Multiple payment modes are available to pay the premium towards your two-wheeler insurance policy. You can make the payment online as well as offline.

• No Claim Bonus

  Enjoy discounts on premium for every claim-free year. You can get up to 50% of on your premiums through NCB. To avail the NCB, you need to renew your policy within 90 days from the expiry date of the previous policy.

• Tailormade packages

  IFFCO Tokio allows customers to tailor their insurance package as per their needs and requirements.

• Cashless Claims

  You can make cashless claims at any of the garages in IFFCO Tokio’s network.

Two wheeler Insurance Plans Offered By IFFCO Tokio:

IFFCO Tokio offers one general bike insurance policy which provides comprehensive cover. The insurer also provides customisable options for customers to tailor their insurance plan according to their needs. While a liability-only policy is mandatory by the Indian Government, it is wise to have a comprehensive package policy that will cover damages to your own vehicle and self as well.

Comprehensive Insurance

Comprehensive cover is basically a package policy that provides protection not only against third-party liabilities but also against expenses arising out of injuries to yourself and damages to your own vehicle, By opting for this plan, you can be insured in the following instances:

• Damage or loss caused by natural calamities
• Damage or loss caused by manmade calamities
• Personal Accident Cover
• Third-Party Legal Liability

This plan carries the benefits of cashless claims if you avail the services of a network garage. You can also benefit from No Claim Bonuses upon renewal if you do not make a claim during the policy term.

Coverage Offered Under IFFCO Tokio Bike Insurance

When you buy a comprehensive two-wheeler insurance policy from IFFCO Tokio, you will be covered financially in a number of instances.

• Third-party liability

For any accidental damages or loss caused to a third party, the insurance company will pay for any legal liabilities as per the provisions of the plan. This plan will take care of expenses related to accidental death, permanent injury or damage to property of a third party.

• Loss or damage to own vehicle due to natural calamities

The natural calamities covered include fire, explosion, hurricane, tempest, cyclone, self-ignition or lightning, typhoon, earthquake, storm, frost, inundation, hail storm, flood, landslide and rockslide. If your vehicle is damaged or lost completely due to natural events, the insurance plan will pay out a benefit to cover expenses or losses.

• Loss or damage to own vehicle due to manmade disasters

The two-wheeler insurance policy will also cover certain manmade disasters. These include accident by external means, theft, burglary, riot, strike, terrorist activity, any malicious act, any damage in transit by air, rail, road, rail, inland waterway, lift, or elevator.

• Personal accident cover

The cover offered with this plan is Rs.1 lakh. The owner or driver will get an individual accident insurance cover for any injuries sustained while driving, travelling, mounting or dismounting the bike.

• Additional cover

Policyholders can also take additional cover for pillion riders and unnamed riders.

Exclusions In IFFCO Tokio Two Wheeler Insurance

There are certain exclusions applicable under a 2 wheeler insurance policy from IFFCO Tokio. Under these particular circumstances, the insurer will not be liable to pay any benefits to the policyholder.

• Damage caused by a person riding without a valid driving license
• Damage caused by a person riding under the influence of alcohol or drugs
• Normal wear and tear of the vehicle including general ageing
• Loss or liability incurred outside the geographical area covered
• Electrical or mechanical breakdown
• Vehicles used for purposes other than in accordance with the limitations of use such as hire and reward, except for public commercial vehicles
• Loss or damage due to war, nuclear risk or mutiny

Eligibility To Buy IFFCO Tokio Two Wheeler Insurance Online:

Every insurer has a set of requirements which a prospective customer must fulfill before they can buy an insurance policy. The eligibility criteria differs between companies, and also between purchase and renewal. There are certain aspects that any insurance company will check before handing out an insurance policy.

• Driver details - The person who will be using the vehicle must be of legal age to ride and have a valid license.
• Registration - The bike needs to be registered with a Regional Transport Office (RTO) in the country.
• Fitness certificate - The vehicle might need a fitness certificate, especially if it is an old bike.
• Inspection - Depending on the vehicle, an inspection by a representative of IFFCO Tokio might be required.
• Payment - Depending on the plan chosen, a premium amount will have to be paid to avail the policy.
• Modifications - Some insurance providers might be reluctant to insure a vehicle with modifications, or might provide insurance at a higher premium.

Steps To Buy IFFCO Tokio Bike Insurance Policy Online:

You can purchase a policy for your 2 wheeler at any of the IFFCO Tokio branches. The insurer also makes it easy to buy a policy online in a few simple steps.

• Log on to the IFFCO Tokio official website and opt for Motor Insurance .
• You can choose between three options:
  • Buy New Policy
  • Renew Existing Policy
  • Renew Non IFFCO Tokio Policy
• Select the one you wish and fill up the required details.
• You can then choose optional covers and check if you’re eligible for discounts.
• Click on “Calculate Premium” to find out how much the insurance policy would cost.
• If you are satisfied with the price, you can go ahead and purchase the policy.
• Once you make the payment, the policy will be issued.

How To Make A Claim From IFFCO Tokio General Insurance

IFFCO Tokio provides a number of avenues to make a claim as quickly as possible without much of the hassle. It is important to immediately report any incident that might lead to a third-party claim to the insurance company. Any accident from which any other claim might arise should also be intimated to the insurer as soon as possible.

1.Registration of a Claim

You can register a claim with IFFCO Tokio via the following avenues:

• Call the customer care on 1800-103-5499 or 0124-4285499. These hotlines are available 24x7 for customers.
• Walk into the IFFCO Tokio branch that issued your policy. You can locate the nearest branch on the official website. The offices are opened between Monday and Friday from 9:30 a.m. to 6:00 p.m.
• Send an SMS to register your claim. SMS “CLAIM” to 56161. A representative will contact you within 4 working hours.
• You can send an email through the official website. This service should not be used if you are reporting a theft claim, damage to third-party property and injury claims.

2.Intimation

When making a claim, you need to keep the following details ready:

• Description of the loss, damage or accident
• Cause of the loss, damage or accident
• Details of the garage or hospital
• Details of your policy number

• The insurance provider will verify your claim, and if approved, will settle the claim.

3.Settlement

If you are at a garage that is within the IFFCO Tokio network, you will be eligible for cashless facility. The insurer will settle the bill directly with the garage, and you will only be liable to pay for any amount that is not covered by your policy.

If you are at any other garage, you need to settle the bill and collect a reimbursement from IFFCO Tokio. You will need to submit your documents to the insurer for verification.

• Claim form
• Estimate of repairs
• Copy of insurance policy
• Copy of registration certificate
• Copy of the driver’s licence of the person who was driving
• FIR, if reported to the police

Renew IFFCO Tokio Two Wheeler Insurance Online In A Few Simple Steps

It is unsafe to ride your bike without a valid insurance policy. If an accident were to occur, you could end up being liable to pay high costs in damages to your own vehicle and to third parties involved, including any damages to surrounding property. A valid insurance policy will help you take care of the expenses. Apart from this, it is mandatory to have an active motor insurance plan as per the prevailing motor laws of India. To ensure you do not miss the renewal date, you can set a reminder on the IFFCO Tokio website. Renewing your policy can be done in a few simple steps.

• Log on to the IFFCO Tokio official website and opt for Motor Insurance .
• You can choose between three options:
  • Buy New Policy
  • Renew Existing Policy
  • Renew Non IFFCO Tokio Policy
• Select “Renew Existing Policy”.
• Enter your policy number of your cover note number.
• Provide other details such as the vehicle registration number, your contact information and click on “Search”.
• Once your policy has been found, you can then proceed to renew your policy.
• Pay the premium amount and your new document will be issued.

When you renew your policy on time, it is hassle-free and much simpler. Once the policy expires, renewal might require additional inspections and other information before the insurer is satisfied to give you a policy.

Why Deductible Is important In A IFFCO Tokio Bike Insurance Plan?

When you take out an insurance policy on your vehicle, you might be given a deductible or be asked to choose one. Deductibles refers to the amount you are willing to pay in the event you incur costs in an accident involving your 2 wheeler. The insurance provider will be liable to pay for the remaining amount. For example, if you opt for a 15% deductible, then the insurer will only pay 85% of the cost, to the extent of the sum assured. You will be liable to pay for 15% of the damages caused to your vehicle or a third party. Choosing a lower deductible will increase your premiums, but at the time of claiming insurance, IFFCO Tokio will pay a higher amount. A higher deductible will lower your premiums, but this will also mean that in case of an accident, you will be liable to pay a higher amount.

What To Do If Your IFFCO Tokio Two Wheeler Insurance Plan Expires?

If you have missed the renewal date and your policy has lapsed, there are a few things you can do to remedy the situation. If you wish to renew a lapsed policy, you will need to contact IFFCO Tokio customer care and find out what options are available. Alternatively, you can purchase a fresh policy.

• Log on to the official IFFCO Tokio website.
• Choose to purchase a new policy.
• Enter your details and calculate your premiums.
• If you are satisfied with the cost of the plan, you can make the payment.
• Once the premium is paid, the policy will be issued.

IFFCO Tokio Two-Wheeler Insurance Customer Care Service:

IFFCO Tokio provides a customer care service round the clock to address any grievances, claim settlements, queries and complaints that customers might have.

• Toll-free hotline - 1800-103-5499
• Tolled number - 0124-4285499
• Email - websupport[at]iffcotokio[dot]co[dot]in
• Address -

Corporate Office, IFFCO Tower, Plot no. 3,

Sector 29, Gurgaon - 122001

Haryana, India

• You can also contact IFFCO Tokio using the contact form available on the official website

IFFCO Tokio Two Wheeler Insurance Frequently Asked Questions:

Can I renew my IFFCO Tokio two-wheeler insurance policy offline?

Yes, you can do this via the following methods:

• You can contact the customer care on 1800-103-5499 or 0124-4285499.
• You can also renew your policy through your agent or at the nearest branch.

How much premium do I have to pay to avail a two-wheeler insurance policy?

The premiums for a bike insurance policy depends on these factors:

• Insured's Declared Value (IDV)
• Age of the vehicle
• Cubic Capacity of the vehicle
• Geographical Zones

What is Insured Declared Value? Is it important?

The prevailing market value of your vehicle is the Insured Declared Value. IDV is important because the insurer will take this into consideration and then decide on the sum insured for your vehicle. The reason IDV is important is if you choose a sum higher than the market value, you might end up paying higher premiums for no reason. If you choose a lower IDV, then your premiums come down but so will your insured amount.

What kind of vehicle can I insure with IFFCO Tokio?

You can insure any four-wheeler or two-wheeler intended for private use.

How do I know if the garage I’ve chosen is a network garage?

IFFCO Tokio provides a list of network garages on its official website. You can also contact the customer care for assistance to find out if the garage is within the IFFCO Tokio cashless network.

Does IFFCO Tokio provide renewal reminders?

You can set a reminder for renewal on the IFFCO Tokio website.

What is the maximum sum IFFCO Tokio will pay for liabilities?

In case of death or injury to a third party, there is no limit. For damage to a third-party property, the limit is Rs.1 lakh for motorcycles and scooters.

What is covered under a third-party liability insurance policy?

Third-party liability insurance policies provide coverage against damages that might have occurred to another individual’s vehicle, property, or assets due to an accident with your two-wheeler. The policy also provides coverage against death/injuries suffered by the third party. Further, a personal accident cover is also offered to the policyholder.

Can I cancel my two-wheeler insurance policy if I am not happy with the coverage offered?

If you are not happy with the coverage offered by your two-wheeler insurance policy, you can switch to a different type of two-wheeler insurance cover offered by your insurance provider. You can also choose to switch your insurer. However, you shouldn’t cancel your insurance policy before the coverage of the new insurance policy begins since it is mandatory for all vehicle owners to have a third-party liability insurance cover at all times.

How can I lower the premium payable?

To reduce your premium, you can opt for a voluntary excess or deductible, reconsider the number of add-ons purchased, avoid making small claims to receive the No Claim Bonus, install security devices that are approved by the Automotive Research Association of India (ARAI), or join a registered riding association. Further, in the case of comprehensive two-wheeler insurance policies, you should also consider comparing policies only and checking the premium quotes of various policies before purchasing one.

What is a cashless claim?

As a policyholder, you can raise a cashless or reimbursement claim with your insurance provider. If you raise a cashless claim, the repair charges of your two-wheeler will be paid by the insurer to the garage, subject to the terms and conditions of your insurance policy. Cashless claims can only be raised if you are getting the vehicle repaired at a cashless or network garage.

What are the benefits of purchasing a two-wheeler insurance policy online?

You can purchase a two-wheeler insurance policy through the insurer’s official website or through trusted third-party insurance websites. Purchasing or renewing two-wheeler insurance policies online is safe, hassle-free, and convenient. When buying a policy online, you can also customise your policy with riders and pay the premium amount online. Thus, you can complete the entire process from the comfort of your house, without having to visit the insurer’s office.