IFFCO Tokio General Insurance offers an extensive range of insurance products, covering everything from health insurance and IFFCO Tokio bike insurance to home insurance and travel insurance, as well as corporate policies like liability insurance and property insurance. The company is a pioneer in the industry, having become the first insurance provider in the country to underwrite large-scale policies for an automobile and fertilizer company.
Their comprehensive insurance policy is based on international standards and offers clients a one-stop, all-risk solution. In addition to traditional insurance products, IFFCO Tokio also provides specialized insurance options such as credit insurance, errors and omissions coverage for the IT sector, cyber insurance, and P&I insurance.
IFFCO Tokio has a strong commitment to rural communities, offering unique insurance solutions such as the Mahila Suraksha Bima Yojana, Janta Bima Yojana, and Sankat Haran Bima Yojana. The company has a strong presence in rural areas and Tier B and C cities & is the first private insurance provider to set up single-operator Bima Kendras with the aim of increasing insurance penetration in rural areas. As these centers grow in size and premium potential, they are eventually converted into Strategic Business Units.
IFFCO Tokio General Bike Insurance is a type of insurance policy that offers financial coverage for your bike against various risks such as accidents, theft, natural calamities, and third-party liability. The policy provides you with peace of mind & ensures that you are protected against any financial losses in case of an unfortunate event.
Benefits of IFFCO Tokio General Bike Insurance
Are you wondering why you should get comprehensive two-wheeler insurance? Well, it’s simple! IFFCO Tokio Two Wheeler Insurance policy covers everything you need to protect your bike and yourself all in one package. Here’s what you’ll get with comprehensive two-wheeler insurance in India:
- Protection from theft, riots, & other man-made damage
- Coverage for damage caused by natural disasters like floods & earthquakes
- If your bike is repairable, the policy will cover the cost of repairs, and if it’s a total loss, you can claim the Insured’s Declared Value.
- Coverage not only for damage caused to your bike, but also for damage caused by other man-made & natural activities
- Personal injury coverage for the rider, regardless of whether they are the policyholder or not, including medical expenses.
- Financial assistance for partial or complete physical disability or death of the rider.
- Third-party coverage for property damage, loss of vehicle, damage of vehicle parts & physical injuries, or death of the third party caused by the insured vehicle.
So, with IFFCO bike insurance, you can have peace of mind knowing that you are fully protected and covered for any eventuality that may arise while riding your bike.
What is covered under the bike insurance policy from IFFCO Tokio General Insurance?
A comprehensive bike insurance policy from IFFCO Tokio General Insurance provides coverage for the following risks:
- Accidental damage or theft of the bike
- Natural calamities such as floods, earthquakes, and landslides
- Third-party liability, in case of injury or damage caused to a third person or their property
- Personal Accident cover for the policyholder
- Additional expenses incurred for towing services
What is Not Covered under Two Wheeler Insurance Policy?
Are you wondering what situations are not covered by a two-wheeler insurance policy? Here are some crucial points to keep in mind:
- Any damage to accessories you added to your bike won’t be covered
- If the accident was caused by the driver’s negligence, the damages won’t be covered
- Normal wear and tear of the bike are not covered.
- Damages resulting from war, terror attacks, or invasion are not covered.
- Mechanical or electrical breakdowns are not covered.
- If the driver was under the influence of drugs or alcohol during the accident, the damages won’t be covered.
It’s essential to be aware of these exclusions so that you can make informed decisions when it comes to choosing a two-wheeler insurance policy.
Add-ons in IFFCO Tokio Bike Insurance
Here are some rewritten points on popular add-on covers for two-wheeler insurance, with simple language that sounds like it was written by a human:
- Zero Depreciation Cover: Normally, when you make an insurance claim, the insurance company will take into account the depreciation of your two-wheeler and pay you less than the cost of repairs. But with a zero depreciation cover, you can get the full amount of repairs paid for by the insurance company, even if your two-wheeler is damaged.
- No Claim Bonus Protection: If you don’t claim your two-wheeler insurance, you can get a discount on your premium called a No Claim Bonus. This discount can increase each year if you don’t make a claim, and after five years, you can get up to a 50% discount on your premium.
- Return to Invoice: If your two-wheeler is stolen or destroyed, this add-on cover can help you get back the full amount you paid for it, including taxes and registration fees. It can be especially useful if you live in an area where two-wheeler thefts are common.
Process of buying a bike insurance policy from IFFCO Tokio General Insurance
Are you planning to buy IFFCO Tokio bike insurance online but don’t know where to start? Here are a few simple steps to guide you through the process:
- Research: Learn about bike insurance policies and terms such as No Claim Bonus, IDV, and the different types of bike insurance policies available.
- Assess Your Needs: Decide on the type of coverage you need. If you want affordable coverage, third-party bike insurance is a good option. But if you want more comprehensive protection, choose comprehensive bike insurance plans.
- Shortlist Options: Shortlist a few insurance companies based on factors such as network garages claim settlement ratio, number of customers, reviews, and ease of claim process.
- Get Quotes: Once you’ve shortlisted the best insurance providers, get quotes for your bike insurance policy. This will help you compare and find the best protection at the lowest price.
- Buy the Plan: Once you find a two-wheeler insurance plan that offers you the protection you need at the best possible price, simply fill in your details, make the payment, and you’re done!
You can connect with IFFCO customer support through the IFFCO Tokio bike insurance customer care number – 1800 103 5499
Documents need to get a bike insurance claim with IFFCO Tokio General Insurance
To make a bike insurance claim with IFFCO Tokio General Insurance, you need to provide the following documents:
- Policy document
- Driving license
- RC book of the bike
- FIR (First Information Report) in case of theft
- Duly filled claim form
- Repair bills and invoices
- Photographs of the damaged bike
- Medical bills and reports (in case of personal injury)
- Any other relevant documents as required by the insurer.
How to Make a Bike Insurance Policy Claim?
Do you have a bike insurance policy? If you do, it’s crucial to know how to claim if your bike gets damaged. Here are some simple IFFCO Tokio bike insurance claim process steps to follow:
- Call the toll-free number or use the QCS App to register your claim.
- You’ll need to provide some information about the damage and the incident that caused it.
- Upload any relevant documents, photographs, or videos of the damage to your bike.
- Wait for your claim to be approved.
- If your claim is approved, the compensation amount will be transferred to your bank account within minutes.
It’s important to note that there is a limit of Rs. 20,000 on the compensation amount for claims made through the QCS App. So, if your claim exceeds this amount, you’ll need to register it through the toll-free number instead. With these steps in mind, you’ll be able to make a successful bike insurance policy claim.
IFFCO Tokio bike insurance claim settlement ratio!
IFFCO Tokio Bike insurance policy offers a great policy for their customers and has a high success rate when it comes to settling claims. In fact, in the fiscal year 2019-2020, the IFFCO Tokio bike insurance claim settlement ratio was 95.30%! That means they were able to help thousands of customers when they needed it most. IFFCO Tokio has a great track record & makes it easy for policyholders to file claims and get the help they need.
Renew IFFCO Tokio bike insurance online!
You can easily renew your IFFCO Tokio bike insurance policy online. With IFFCO Tokio General Insurance Company Limited, you can renew your policy in a matter of minutes without having to leave the comfort of your home. The online renewal process is fast, efficient, and very user-friendly.
However, it is crucial to keep in mind that you can only renew your policy 60 days before it expires. If your policy has already expired, you will need to get in touch with IFFCO Tokio General Insurance for further assistance. They will assign a supervisor to inspect your car, who will generate a report on its condition. This report is essential for issuing your policy online.
When renewing your policy online, you will also be required to submit all necessary documents. It includes your details, as well as details about your car. With IFFCO Tokio General Insurance, you can be assured of a smooth and hassle-free renewal process. Also, With them, you can find the IFFCO Tokio bike insurance renewal premium calculator. So, if you want to save time and renew your car insurance policy with ease, simply head to the IFFCO Tokio website today!
IFFCO Tokio Bike Insurance FAQs
How do I claim my damaged bike after an accident?
You can claim your damaged bike by contacting the customer support team at IFFCO Tokio General Insurance and providing the required documents. The team will then process the claim and provide a resolution as soon as possible.
Can I transfer my existing bike insurance policy to IFFCO Tokio General Insurance?
Yes, you can transfer your existing bike insurance policy to IFFCO Tokio General Insurance by providing the required details and documents. You can contact the customer support team to initiate the transfer process.
What is the claim settlement process for bike insurance at IFFCO Tokio General Insurance?
The claim settlement process for bike insurance at IFFCO Tokio General Insurance is simple and quick. You can claim by contacting the customer support team and providing the required documents. The team will then process the claim and provide a resolution as soon as possible.
What is the policy period for bike insurance policies at IFFCO Tokio General Insurance?
The policy period for bike insurance policies at IFFCO Tokio General Insurance is usually one year, after which you can renew the policy.
What happens if I don’t renew my bike insurance policy on time with IFFCO Tokio General Insurance?
If you don’t renew your bike insurance policy on time with IFFCO Tokio General Insurance, your policy will lapse, and you will no longer be covered under the policy. To avoid this, it is important to renew your policy before the due date
Are there any discounts available on bike insurance policies at IFFCO Tokio General Insurance?
Yes, there are discounts available on bike insurance policies at IFFCO Tokio General Insurance. The discounts may vary based on factors such as the type of policy, the make & model of the bike & the age of the bike. You can contact the customer support team to know more about the available discounts.
How can I track the status of my bike insurance claim with IFFCO Tokio General Insurance?
You can track the status of your bike insurance claim with IFFCO Tokio General Insurance by logging into your account on the official website or by contacting the customer support team.