IFFCO Tokio two wheeler Insurance is designed to safeguard your bikes/ scooters from unfortunate events causing heavy destruction to the vehicle. Along with damage protection, IFFCO Tokio also provides one-day claim settlement for two wheeler insurance. Additionally, customers have the online facility to register the claim, submit payments and make renewals.
5 Minute Renewal Process
You can now renew your two-wheeler insurance policy in just a few minutes by just submitting your policy number and contact details online.
4300+ Cashless Garages
When you purchase IFFCO Tokio bike insurance, you will cashless service of repairs at any network garages of the company located near to you.
Discount on Premium
IFFCO Tokio rewards for being a loyal customer by giving discounts on the premium of up to 50% which can be earned through No Claim Bonus.
Cashless Claim Settlement
Under cashless claim service, the bike insurance owner can get facility repairs without paying any cash. The company takes on the liability of settling the bills.
24/7 Online Claim Assistance
The customer care team of IFFCO Tokio remains active day and night for the online assistance to help the customer during the claim process or other processes.
Security of Payment
The details you submit while making online premium payment through your credit or debit card or net banking is kept highly confidential to secure customer interest.
IFFCO Tokio bike insurance gives you the freedom to choose the type of coverage (third party or comprehensive) you wanted according to your bike condition.
Buying and renewing two wheeler insurance online does not follow the tedious process of document submission. You just need your bike details and personal details to proceed.
Optional Add-On Covers
The company offers extra safety option apart from the basic coverage in your basic policy. An additional premium has to be submitted to attach these add-ons.
This short term bike insurance policy is valid for one year only. To continue the process of receiving uninterrupted coverage with benefits, the bike owner has to renew it after every one year.
Premium prices are revised and increased every year.
Annual renewals after every one year.
No claim bonus on not making a claim.
Optional Add-on Covers for extra protection.
It is highly flexible as you can change your coverage type on renewal.
The long term bike insurance has its own benefits as compared to short term as it offers profitable discounts over premium and helps in combating yearly premium hikes. Customers can insure their two wheeler either for two years or three years.
Gives you a discount on the total premium.
Freedom from the duty of submitting annual premium.
Prevents you from regular hikes on premium which are bound to happen every year as per the law.
No Claim Bonus up to 50% can be earned
This includes safety from natural disasters, accidents, fires, theft, etc that may harm the internal as well as the external parts of two wheeler. This also covers third-party liabilities which compensates the loss incurred by the third party against the property loss or physical injuries done by the insured bike owner.
This coverage is extremely important to purchase with reverence to the guidelines passed by the Indian Government regarding motor insurance. This will protect the interests of the third-party as well save the insured bike owner from liabilities arising from the damage of third party vehicle. This Cover has affordable rates of premium and is flexible.
Damages and Repairs Covered
Natural Disasters: IFFCO Tokio two wheeler comprehensive cover will cover you from all kinds of natural disasters such as earthquakes, tsunamis, thunderstorm, flood, typhoon, hurricane, etc.
Theft of the Vehicle: The company will compensate the loss occurred through theft of the insured two wheeler by paying current value or IDV value of the vehicle.
Fire/ Explosion: The IFFCO Tokio bike insurance owner can safeguard his bike from any kind of fires and explosions which are unpredictable and may cost you a great deal.
Third-Party Liabilities: In conditions where the loss is done by you to the property of another driver or a third party that resulted in serious damages and losses.
Man-made Perils: Damages constructed by human beings during riots and strikes which may cause minor/ major destruction to the body, engine of the bike are covered.
Own vehicle damages: IFFCO Tokio will save you from the cost of repairing the damages happened due to factors such as collision, accidents by ensuring coverage.
Damages and Repairs Not Covered
Wars/ Perils/ Enemy Attacks: If your bike faced any major or minor ravages through wars, perils and terrorist attacks, the company will not pay any expenses arrived.
Normal Wear and Tear: Wear and tear that are common to a vehicle and can happen at any point of time will not be covered under IFFCO Tokio Two Wheeler Insurance.
Driving without License: Damages coming across while driving a bike without any authority of driving issued by the Indian government are not covered.
Driving under Alcohol Influence: IFFCO Tokio will reject your claim if it has happened under a heavy dose of liquor consumed during/ before driving the two wheeler.
If the customer opts to share the cost of a claim with the insurer by choice of its own, then a good amount of discount can be earned.
No Claim Bonus
The premium can be lessened with no claim bonus percentage. The maximum limit of NCB allowed is 50% whereas the minimum is 20%.
Anti-Theft Device Installation
IFFCO Tokio guarantees you a proportionate discount on the installation of devices like a GPS system, Anti-theft, safety lock for gears etc.
Roadside Assistance: Even when you stuck in between of the road due to some breakdown or the vehicle is unable to move, the insurer will provide emergency services like towing (up to some kilometres), battery jump-start, repair of flat tyre etc.
Zero Depreciation Cover: This cover is highly beneficial for new/ luxury/ expensive bike owner or inexperienced drivers. Customer can avail 100% coverage for the claims irrespective of the depreciation that may lessen the claim value under the basic policy.
Personal Medical Cover: Suppose you met with an accident while driving the bike which caused critical injuries on head and hands. The IFFCO Tokio bike insurance will cover the cost of treating injuries under this add-on.
Install QCS Mobile App: IFFCO Tokio in order to process faster has embraced a new format to settle claim i.e. through QCS app (Quick Claim Settlement). Under this, a maximum of Rs 7,000 can be settled on an immediate basis.
Intimation of The Claim: Wherever or whenever your bike got stuck in between of the road, first thing is to report the claim to IFFCO Tokio. You can either call on the toll-free number or use their mobile application.
Inspection of The Vehicle: An administrator is assigned to carry on the duty of vehicle inspection which will calculate the total loss incurred and will tow the bike to the nearest network garage for repairs.
Payment of Claim: After all the repairs are completed under the supervision of the administrator, the total expense value is compensated by the insurer within a day.
FIR (First Information Report), if required
Vehicle Registration Certificate
Insured’s name and contact details
Address of the place where the vehicle is available for inspection
Brief description of the nature of loss/physical injuries, if any
Photos of the accident and damaged two wheeler.
Submit Your Details: By using the online compare portal of Policy X you can easily renew your insurance policy. Just go to the upper section of the page and fill in the details of the policy as requested. Choose the renewal option and also mention whether current policy is expired or going to expire.
Confirm The Premium: A list of insurers will reflect on your screen from where you have to select IFFCO Tokio bike insurance. Confirm your premium prices as well as GST applicable and also look for the add-on, if you wish to enhance the protection level of the bike.
Make Payment: The next step is to make payment of the premium. The payment has to be made online by using any source of payment like credit cards, debit cards, net banking, e-wallets. A payment receipt is mailed to the registered customer email ID.
Overall, IFFCO Tokio two wheeler insurance acts as a protective shield that include every possible casualty that may harm your vehicle either directly or indirectly. IFFCO Tokio has 92% of claim settlement ratio which declares the credibility towards addressing each and every claim made under two wheeler insurance.
The customer care department of IFFCO Tokio is available round the clock to guide the customer during the claim process. The Quick Claim Settlement (QCS) App initiated by IFFCO Tokio has acclaimed SKOCH "Order of Merit" for providing faster claim service to its customers.
Yes, you can make a claim if you accomplish below-illustrated conditions-
Your bike insurance is active
If the driver is driving the vehicle with your permission
The claim must be informed as soon as possible after an unfortunate event took place under which the claim is acceptable. Also, when your vehicle is stolen, the owner should first file an FIR to the nearest police station and then inform IFFCO Tokio bike insurance.
The premium calculation is based upon 4 factors namely-
Age of Two Wheeler (calculated from the date of purchase)
Insured Declared Value (current value after depreciation)
Region of Registration
Add-on Cover attached
The customers can easily check their claim status by calling on the IFFCO Tokio toll-free number or directly going to the website. You just need your policy number and personal details.
Yes, the customer has the option to transfer their previously earned NCB benefit of some other insurer to IFFCO Tokio two wheeler insurance. The owner is just required to present renewal notice and documents related to allowance of No Claims Bonus.
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Last updated on 13-11-2019