Two Wheeler Insurance Online from IFFCO Tokio
Two-wheelers are the most preferred option for people commuting daily to their office. Here are some important things to look forward to from a two wheeler policy by IFFCO Tokio: Insurance policy.
Policy provides access to Zero Depreciation Cover as many times as you want.
Coverage for damage from natural calamities like Flood, storm, lightning, earthquake, landslide etc
Coverage for manmade calamities like burglary, theft, accidental external damage, etc
More than 3400+ garages offering cashless service.
Renewing policy has never been easier as you can do it online whenever you have time.
Discounts from No Claim Bonus can be as high as 50%
Given the fact that the traffic congestion leaves people on roads for longer period of time, many prefer riding their bikes/scooters for saving time and money. With this, it might be of paramount importance to safeguard oneself from the dangers on the road. For your protection, buy bike insurance online or go for bike insurance online renewal now. You may opt for bike insurance renewal offline as well.
IFFCO Tokio’s Two-Wheeler Insurance
We, at IFFCO Tokio, strive to provide you with an excellent financial cover against theft, physical damage and third-party liability with our online two wheeler insurance policy. Not just this, we have accommodated most of two-wheeler insurance requirements. We have also tailored our insurance packages as per your needs.
With this, we also offer ‘No Claims Bonus’ (NCB) of up to 50% on two-wheeler insurance online renewal of insurance policy along with 24x7 claim settlement assistance online. The NCB is offered only when the policy is renewed within 90 days from the expiry of the previous policy. Renew two wheeler insurance policy conveniently from anywhere. Two-wheeler insurance renewal could also be undertaken at any time.
Making it convenient for our customers, easy claims settlement assistance is provided across India by the two-wheeler insurance company. You can now choose the payment mode according to your preferred requirement (online and offline) and enjoy the facilities without any hindrances.
Enjoy hassle-free two wheeler insurance policy from IFFCO Tokio.
Key Features of Two Wheeler Insurance
IFFCO Tokio Two-wheeler insurance plans help protect any kind of two-wheeler vehicles available in the market, including bikes and scooters. Moreover, you can find a suitable insurance cover at IFFCO Tokio for your bike or scooter according to your requirements. Every two-wheeler owner needs a good two-wheeler cover plan for the following reasons:
To protect your own vehicle from damage and loss caused due to minor or major accident.
To protect your vehicle from theft
Damage due to manmade activities
To protect from the damage incurred upon the vehicle from manmade activities like riots, burglary, etc.
Protection from legal liabilities
To protect your vehicle and the rider from the legal liabilities associated with the damage, injury or loss of the third party during an accident.
Protection against Natural Disasters
To cover damage/loss to vehicle due to natural disasters. Two-wheeler cover also provides financial protection against the damage or complete loss of your vehicle due to natural disasters like earthquake, flood, tsunami, thunderstorm, hurricane, etc.
IFFCO Tokio Two-Wheeler Insurance
Two Wheeler Insurance plan from IFFCO Tokio is designed to protect your two-wheeler from any and every kind of damage and loss. The rapid growing numbers of road accidents, the risk of theft, the loss of vehicle due to various natural and manmade activities, call for a good two-wheeler cover to protect your vehicle, which is what you get at IFFCO Tokio.
Who can take the risk of not insuring your much-loved two-wheeler from these dangers that could happen to anyone at anytime? You may not control the unfortunate events of life or the loss or damage caused to your vehicle during any mishap, but, you can at least stay prepared for those unknown and unfortunate emergency times of life. Two-wheeler cover by IFFCO Tokio helps covers the financial side of expenses when if an accident involving your two-wheeler was to occur.
Moreover, it is mandated by the government of India to buy insurance for your two wheeler. You cannot ride a two-wheeler without a valid bike insurance. Even before you buy your favorite two-wheeler, it is ideal to decide a good bike insurance plan for your vehicle, something which you can do with confidence and assurance at IFFCO Tokio.
Features of Two-Wheeler Insurance Policy
IFFCO Tokio offers extensive and one of the best two-wheeler insurance online. It provides a comprehensive coverage to the vehicle, accident cover to the rider and takes care of the third party liability of the policy proposer. Get your bike insurance price list with IFFCO Tokio. Here are the highlighting features of IFFCO Tokio two wheeler insurance:
Quick Claim Settlement by IFFCO Tokio
How to Buy IFFCO Tokio Two-Wheeler Insurance in India?
Purchasing two-wheeler insurance in India from IFFCO Tokio is very easy. There are two ways of buying a bike insurance plan from us:
Whatever option you might choose, always ensure that you have gone through all features and benefits of the insurance policy, loyalty benefits (if any), No Claim Bonus allowed, add-ons provided etc. You can only choose the best option for you once you get acquainted with the possibilities of your insurance. Some of this information about your policy could be really useful for you in future.
However, the best option is to purchase bike insurance online. You do not have to trust anyone’s opinion if your two-wheeler insurance online has been compared and bought using online portals of insurance companies.
Buying Bike Insurance Policy Online
Purchasing two-wheeler insurance has become much easier these days as you can now buy your desired two-wheeler insurance online at IFFCO Tokio. You no longer need to pay commission to your insurance broker for the best two-wheeler policy; get it at IFFCO Tokio at the best price online.
Sign up for life insurance
Online bike insurance also offers you the same features and benefits as offered by policies purchased through traditional channels. In fact, online bike insurance plans at IFFCO Tokio are easier to handle. You can check your policy status and choose to pay your premium amounts online. Two-wheeler insurance renewal online is also a hassle free task to do. You can take care of your insurance policy all by yourself from IFFCO Tokio’s online portal for customers.
Easy Renewal Process of Two-Wheeler Insurance
At IFFCO Tokio, we offer easy online bike insurance renewal of the insurance policies for two-wheelers as well on out website. For this: -
Benefits of Buying Two-Wheeler Insurance Online
Buy two-wheeler insurance online can save both time and money. Here are the benefits of purchasing insurance online for two-wheeler:
Getting Two-Wheeler Vehicle Insurance Online Quotes
You can generate instant quotes for your new bike insurance policy online at IFFCO Tokio. You do not need much time to get your quotes provided you have entered the correct information related to your bike. Once you get quotes for bike insurance from IFFCO Tokio, you can choose the most suitable insurance policy for your new bike or your existing one. Below stated are a few simple steps of obtaining your new bike insurance policy quotes:
Once the vehicle details are correctly inserted in the bike insurance calculator on the IFFCO Tokio website, it will calculate the premium you need to pay towards your new bike insurance policy and produce the quotes to you. The quotes obtained would help you to make and analyze your bike insurance price list. That in turn will allow you to choose the most suitable two-wheeler vehicle insurance online.
Two-Wheeler Insurance Calculator
With two-wheeler insurance calculator from IFFCO Tokio, you can instantaneously choose among the best bike insurance policies. You can compare the quotes of multiple policies for two-wheeler insurance online with this calculator. Some of its major functions are:
You can save maximum amount of money on your two-wheeler plans every year by using this premium calculator. Two-wheeler vehicle insurance online calculator is, basically, a premium calculator device that you use online to determine your insurance premium. This device is absolutely necessary for those people who prefer to buy insurance for their vehicle online by themselves. The entire process of purchasing a policy online becomes easier when you get to know your premium instantly and have different two-wheeler insurance compared too. Get various bike insurance price lists with this calculator. Moreover, the premium calculator is even more beneficial because:
How Two-Wheeler Insurance Calculator Works?
Nothing could be as simple as using an insurance calculator for two-wheeler insurance online at IFFCO Tokio. Just a few steps and a few valid information about your bike; your insurance quote is ready with online calculator. That said, there are several insurance calculators available online,so you can pick any of them. In order to pick up best bike insurance price list, use the online calculator. All you will need the registration number of your two-wheeler:
How is the Premium Determined for Two-Wheeler Vehicle Insurance Online?
It is always more convenient to buy bike insurance online. While buying two-wheeler vehicle insurance online, you need to make bike insurance check all by yourself. To check between various bike insurances, you need to know certain factors that affect the insurance premium. The insurance premium may differ from one vehicle to another. It is wise to compare bike insurance online beforehand. The major decisive factors of bike insurance premium are:
Two-Wheeler Model – If the two-wheeler model is recent, high-tech and expensive, the premium you pay towards insurance of the two-wheeler will be higher. For regular models the insurance premiums are much lower than stylized new models of bike.
Choice of Deductibles – Firstly, you have to know what deductible is. It is a portion of money you need to pay out while claiming loss amount. This means, while making a claim, your insurance company does not pay out the entire claim amount. Check the bike insurance price list for this. A portion of money is paid by the policy proposer towards the claim. That portion of amount paid by the insured is called deductible. The higher amount of deductible you choose, lesser would be your insurance premium. If you choose to pay less deductible then your premium will increase.
NCB – NCB means no claim bonus. This is a kind of bonus you earn for every claimless years of your insurance term. The higher the NCB, the lower will beyour insurance premium at the time of next online bike insurance renewal. You can earn up to 50 percent discount by the end of 6th year of the policy term. This is the why it is wise not to claim insurance for minor damage and repairing of your two-wheeler.
Zero Depreciation – Choosing the right kind of add-on feature to your bike insurance coverage is also a vital factor in determining the insurance premium. Insurance companies could offer you a bunch of add-on facilities such as cash free medical cover, coverage to zero depreciation, personal accident coverage and so on. But adding all of them could hike your premium unnecessarily. You need to decide the most important coverage you could add-on and zero depreciation is one such important add-on feature you might add. This add-on could provide you the original value of the two-wheeler in case you lose your vehicle during an accident. This helps in checking the depreciation of the vehicle’s value.
Two-Wheeler’s Condition – The age of the two-wheeler, fuel type, the zone of registration, cubic capacity of the engine, etc. are also vital in determining the premium amount of the insurance policy. you need to pay out higher premiums towards your insurance if:
Based on the above mentioned factors your bike insurance premium could go really high.
All the above factors could affect the premium of insurance policy.. So, while buying two-wheeler insurance online at IFFCO Tokio, you need to take care of all the above mentioned factors. Once you have clear idea about these factors and get to check bike insurances via online insurance calculator, you really do not need any insurance agent for getting new bike insurance.
Types of Two-Wheeler Insurance Plans
Even before you plan to bring your favorite bike home, you need to figure out what type of insurance plan you want buy for your vehicle. Considering the requirements of your two-wheeler you can choose the best suited insurance policy for your much awaited bike. Based on the term of the insurance plans for two-wheeler, there are two types of insurance policies – Short Term two-wheelerplan and long term two-wheeler plan. You can find suitable online bike insurance by yourself.
Short Term Two-Wheeler Plan - short term insurance plans are those which come for one year only. However, the online portal of your insurance company allows you to do two-wheeler insurance renewal online. Here are the basic features of short term bike insurance plans:
Long Term Two-Wheeler Plan – Long term two-wheeler insurance plans are those which keep your vehicle insured over a longer period of time. You can have a long term insurance for your two-wheeler for three consecutive years. Unlike short term plans, long term two-wheeler policy renewal online takes place once in every three years. There is always option for two-wheeler insurance renewal online. Check out some of the basic features of long term bike insurance plans:
Here are the major differences between short term and long term two-wheeler insurances:
Why is Long term Insurance Plan for Your Two-Wheeler beneficial?
Buy two-wheeler insurance online or offline only on the basis of your requirements. However, for longer run, Long term two-wheeler insurance plans work better than annual insurance plans for bike. Here are the benefits of long term insurance plans for two-wheeled vehicles:
Types of Cover Provided by Two-Wheeler Insurance in India
Two-wheeler insurance India can be classified into two categories based on the cover provided by the insurance plan:
What is Third Party Liability Cover Two-Wheeler Insurance?
Third party liability cover insurance for two-wheeler is an insurance that covers the damage, loss, injury or death of the third party during any mishap. You can also buy two-wheeler insurance online for liability cover only. This type of insurance cover is meant for the benefit of third party, other than the policy proposer and the insurer. Third party bike insurance check is mandated by the Motor Vehicles Act of India. No two-wheeler vehicle is allowed to run on the road without third party insurance. However, it is to be remembered that this type of insurance does not provide any personal cover. Procuring a third party bike insurance cover is not meant for protecting your own vehicle. This is exclusively designed to take care of your legal liabilities towards the property damage, loss of vehicle or injury and death of the third party caused by your two-wheeler during an accident.
Two-wheeler insurance third party can be further divided into two groups on the basis of liability bike insurance coverage:
Although, it is mandatory to have both types of third party bike insurance coverage with you while riding a two-wheeler in India. Third party insurance for bike is readily available with IFFCO Tokio Bike insurance policyat affordable premium. You can buy two-wheeler insurance for third party cover online.
Characteristics of Third Party Two-Wheeler Insurance
A road accident can cause huge damage to your much loved two-wheeler or even complete loss of your vehicle. On the top of it your vehicle can cause harm to other vehicles, property, injury or even death to the people surrounding you. Apart from the cost of repair of your own vehicle, the compensation you might need to pay out for the loss and sufferings of others during an accident is huge, beyond one’s imagination. Without a third party insurance, taking care of your liabilities towards the loss of third party during an accident is unimaginable. This is the reason third party insurance for bike price is affordable for all and mandated by the government. Buy two-wheeler insurance third party and avail the following benefits:
However, there are certain limitations in two-wheeler insurance third party claims, they are:
Just like other two-wheeler insurance plans, third party bike insurance plans can also be purchased through the online portal of your desired insurance company. In spite of rushing to your insurance agent or broker, you can now buy as well as renew your two-wheeler insurance third party online from the comfort of your home.
Validity of Third Party Liability Cover Insurance in India
Previously, third party bike insurance liability cover in India had only one year validity and had to be renewed annually. However, the Insurance Regulatory and Development Authority (IRDA) of India has extended the term of two-wheeler third party liability cover insurance policies to three years. Now, like four wheeler and commercial third party insurance policies, two-wheeler vehicles could also avail long term two-wheeler insurance third party cover.
Third Party Bike Insurance Renewal
In India, people generally do not pay much attention to the third party liability insurance for their two-wheeler vehicle. Even if they have third party cover plan they do not bother to renew it annually. But dealing with an accident during lapsed third-party insurance could cost you a huge sum. This is the reason why two-wheeler owner end up paying out large sum of compensation in case of a road accident for the damage caused to the other party.
To encourage the timely third party bike insurance renewal and purchase of third party bike cover IRDA has expanded the duration of third party cover. Third party bike insurance renewal has become more convenient with online bike insurance renewal facility. You no more need to go to your insurance agent or wait in the long queues for the insurance renewal. You can renew it right from the comfort of your home. Besides, you can save some extra money by renewing your third party insurance for bike price cover once in 3yrs.
Advantages of Two-Wheeler Insurance Third Party Liability Cover
Exclusions of the Two-Wheeler Insurance Third Party Cover
There are a few exclusions in the two-wheeler insurance third party cover plan. Even the best bike insurances have certain exclusions. The exclusions are as follows:
Comprehensive Two-Wheeler Insurance Policy
Comprehensive cover insurance policy is an all-inclusive two-wheeler plan that not only protects your own vehicle from damage and loss but also covers two-wheeler insurance third party liability. This type of insurance is also known as ‘package’ insurance. However, in India, comprehensive bike insurance check is optional while third party liability cover is mandated by the government, even for bike insurance renewal. Buying two-wheeler insurance online with comprehensive cover gives complete protection to your favorite bike or scooter.
In this age of growing rate of accidents in India, no one feels safe without an extensive insurance plan for their ride. The comprehensive plan also facilitate the safety of your vehicle from the damage caused by intentional manmade activities and unexpected natural disasters. No vehicle owner wants to take the risk of not insuring their vehicle. Moreover, a comprehensive bike plan pays out the value assured for the policy in case of complete loss of the two-wheeler and compensates the expenses of your vehicle repair while some insurance companies provide cash-free assistance at their network garage. You can avail all these benefits and perks with a good comprehensive bike insurance policy, which come into play at the time of online bike insurance renewal as well.
Why are Comprehensive Two-Wheeler Insurance Plans Beneficial?
Nothing could equal the convenience of an all-encompassing, complete package of insurance plan. You can keep aside your worries regarding the protection of your two-wheeler, safety of the rider as well as the liability towards the loss or damage of third party and third party property with a single comprehensive two-wheeler insurance policy. Here are some of the perks offered by Comprehensive two-wheeler policies in India:
Two-Wheeler Insurance Third party Liability Only Cover VS. Comprehensive Cover Two-Wheeler Insurance
The differences between third party liability cover and comprehensive cover for two-wheeler are straight and clear. These two types of insurance covers are used for completely different purposes.
Which Type of Two-Wheeler Insurance Cover is better?
The two types of two-wheeler insurance covers are meant for serving two different purposes. Though third party cover is the cheapest two-wheeler insurance but safety of your own vehicle is also vital. This is why it will be unfair to recommend one over the other. Though, you may compare two-wheeler insurance online but comparing on the basis of coverage is reasonable. The type of insurance cover you seek for your bike solely depends upon your priorities and requirements. If you are not so bothered about the safety and protection of your own vehicle and the rider of the vehicle then you might choose to purchase only the mandatory third party liability cover insurance. You might not have insurance cover for your vehicle but you are bound to have third party insurance while you ride your two-wheeler in India.
However, if you are looking for an insurance plan that covers the safety of your own vehicle, provides you with personal accident cover and at the same time saves your interest from the legal liabilities of any third party damage, then comprehensive plan is the right option for you. Based on your necessities you can choose the types of insurance for your vehicle. Owner of a new bike mostly prefer to go for a comprehensive plan for bike.
In terms of paying premium, of course, the third party liability cover insurance is the cheapest. Since, the third party liability cover is only meant for covering the liability of the damaged vehicle, injury or death of the third party and damage or loss of the property of third party only, it is cheaper than the comprehensive plan which gives all-inclusive coverage to the insured vehicle itself, the rider of the vehicle and also the third party liability. You need to pay out a little more towards a comprehensive plan because its coverage is greater than the third party liability insurance. That said, the coverage that you get in a comprehensive two wheeler insurance plan makes it the preferred choice of the two.
Types of Comprehensive Insurance for Two-Wheeler
Comprehensive Insurance plans also come in two types based on the term of the two-wheeler policy:
Normally, when you talk about comprehensive insurance plans for two-wheeler vehicles, it means those annual term policies which provide extensive coverage to the insured vehicle, rider and also takes care of the third party liability. Two-wheeler insurance plans, generally, come with one year term. The annual term comprehensive plans provide almost all the benefits you expect from a comprehensive insurance. But this type of insurance cover only last for a year’s time, so, the user needs to renew the policy once in every year. You can enjoy all the perks of a comprehensive plan such as No Claim Bonus, add-on features, etc. Nevertheless, IFFCO Tokio also offers long term comprehensive insurance plans for the two-wheeler with which you can stay insured for a longer period of time at a stretch. You can always compare two-wheeler insurance online.
You may select comprehensive insurance plan for your two-wheeler for short period i.e. one year as well as for longer time period depending upon your requirements.
Who Needs Annual Comprehensive Two-Wheeler plan?
Since no two persons have the same requirements in life; insurance plans are also designed according to the varied needs of different people. Annual Term Comprehensive plan for two-wheeler vehicles is required at following conditions:
Why do you Need Long Term Comprehensive Insurance Plan for your Two-Wheeler?
It is always better to get some more. The all-round safety of comprehensive insurance for two-wheeler along with the ease of long term policy is bliss for two-wheeler owners. A comprehensive long term policy is the perfect package for your two-wheeler. You can feel protected all the time without even worrying about frequent annual renewals of the policy. You just need to renew once in every three years. The following reasons make comprehensive long term insurances lucrative:
Difference between Annual Term and Long Term Comprehensive Bike Insurance Plans
Choosing the most suitable two-wheeler plan could be a tricky job for the first timers. It is very important to know about the possibilities and advantages of prospective two-wheeler plan for your vehicle. If you are still not sure which type of plan could be beneficial for you, check out the merits and demerits of short term plans and long term comprehensive plans. For better understanding of the annual and the long term comprehensive bike insurance plan, the basic differences and features of each plan has been listed in the following table:
Moreover, long term plans come along with some additional perks and discounts that you may not find in short period plans.
Understanding Zero Depreciation Cover for Two-Wheeler
The term depreciation associated with two-wheeler means the deflation of the value of the two-wheeler vehicle due to the natural ageing of the bike with each passing year. You cannot resist or cease the natural ageing of the bike and hence, cannot cease the depreciation of the value of the two-wheeler as well. That is why insurance companies have introduced a new add-on feature along with comprehensive insurance plan which is called “zero depreciation” or “nil depreciation” cover for the two-wheeler. This add-on feature saves your two-wheeler from the deflating factor of your vehicle when you claim your bike insurance plan.
Inclusions of Zero-Depreciation Cover
There is nil depreciation cover at IFFCO Tokio for the nylon, plastic, fiberglass and rubber parts of the two-wheeler. Mostly this add-on feature is allowed to avail if you are seeking insurance for your new two-wheeler. You can only get this add-on facility if the age of the two-wheeler is within 7 years. It is always recommended to go through the entire terms and clauses of any additional cover you want to add with your basic comprehensive plan for two-wheeler. There are certain terms and conditions you need to fulfill for claiming your nil depreciation add-on features:
Zero depreciation can only be claimed after an accident of the two-wheeler if the vehicle is taken to the authorized network garage of the insurance company.
Variable life insurance quote
These stipulations are clearly stated in IFFCO Tokio’s policy wordings. Read the information provided for the add-ons carefully before availing them.
Advantages of Nil Depreciation Coverage for your Two-Wheeler
To save huge deflation of the value of your much loved two-wheeler vehicle you should consider providing your bike with this nil depreciation cover. Here are some of the advantages of having nil depreciation cover added to your plan:
However, there are certain exclusions in this add-on feature as well. You cannot avail zero depreciation facility if:
Remember, the nil depreciation cover can only be added to your basic insurance cover at the beginning of the insurance policy or at the time of renewal of the policy only. You cannot add this feature to your insurance plan in the middle of the term of the policy. Compare bike insurance online to get the best add-on facility. Keep renewing your insurance on time to keep enjoying this add-on.
Anti-Theft Device for Two-Wheelers
Anti-theft devices can be easily installed by the professionals and you have the following benefits of anti-theft device in your insurance policy for bike:
Switching Bike Insurance Policy from a Different Insurance Company to IFFCO Tokio
There are provisions through which you can change your existing bike insurance policy from a different insurance company to IFFCO Tokio.
There are two ways of changing your current two-wheeler vehicle insurance -
Cancellation of Two Wheeler Insurance Policy
The Company may cancel the policy by sending seven days notice by recorded delivery to the insured at insured’s last known address, and in such event will return to the insured the premium paid less the pro-rata portion thereof for the period the Policy has been in force. The policy may also be cancelled at any time by the insured on seven day’s notice by recorded delivery, and provided no claim has arisen during the currency of the policy, the insured shall be entitled to a return of premium less premium at the Company’s Short Period rates for the period the Policy has been in force.
Where the ownership of the vehicle is transferred, the policy cannot be cancelled unless evidence is provided that the vehicle is insured elsewhere.
For cancellation requests, insured can also contact our Toll-Free number or generate the service request (Contact Us --> Contact Us Form -> Service Requests).
However, it is advisable not to change your two-wheeler vehicle insurance plan just for saving a little extra money. It is advisable to compare bike insurance online before taking such decision. When you decide to switch to a low premium bike insurance plan for your two-wheeler by replacing a high premium policy you should thoroughly check the bike insurance features, benefits, add-on facilities, claim settlement procedure, renewal process, online facilities, etc. It is not wise to switch your to a different insurer just for saving little money with no benefit at all.
is the policy premium determined?
is a NCB and how does it affect my premium?
are some of the additional covers that I can avail along with IFFCO Tokio’s two wheeler insurance?
do I register a claim under my insurance policy?
there a time window for filing claim?
documents would I need to furnish when registering a claim?
is Quick Claim Settlement by IFFCO Tokio?
I transfer my accumulated NCB from previous insurer to IFFCO Tokio?
there be discount on policy premium if my bike has anti-theft device(s) installed?
where can I purchase IFFCO Tokio’s Two Wheeler Insurance?