IFFCO Tokio General Insurance Company Limited was established in the year 2000. It is a joint venture between the Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Tokio Marine Group of Japan. It is the first company to endorse mega policies in India. The company provides a bunch of insurance products to its customers like motor insurance, health insurance, travel insurance, etc. including niche products, viz., cyber insurance and credit insurance. Also, it is the first private sector insurer to introduce Bima Kendras to provide insurance in rural areas.
IFFCO Tokio Two Wheeler Insurance is designed to safeguard your bike/scooter from unfortunate events, which can cause 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, make payments and renewal instantly.
|Headquarters||New Delhi, India|
|Fortune India 500 Ranking||66th|
|Number of Member Cooperatives||35,000|
|Revenue Generated||Rs. 20,788 Crores (US $ 2.9 Billion)|
**Last Updated on 02-09-2020
Cashless Garages: The company offers 4300+ network garages across India with cashless repair services in the event of any loss/damage of the vehicle.
24/7 Online Assistance: The customer care team of IFFCO Tokio remains active day and night for online assistance to help their customers during the claim process or any other queries regarding the policy.
Less Paperwork: Buying and renewing two-wheeler insurance online does not follow the tedious and time-taking process. You just have to fill out your personal details, submit a few documents and the policy is yours to take home.
If you want to continue with all the benefits of your two-wheeler insurance policy, you have to pay a premium for the same. The insurance company calculates the premium on the basis of certain factors of your vehicle such as zone of registration, age, cubic capacity, etc.
Given below are a few examples of bike models along with their premium rates.
|Bike Variant||Price of the Bike||IDV*||Zero Depreciation (Add on)*||Estimated Premium*|
|Hero HF Deluxe Self Start Alloy Wheel (97.2 cc)||Rs. 55,925||Rs. 35,304||N/A||Rs. 3,496|
|Yamaha YZF R15 V3 BS6 (155 cc)||Rs. 1,45,000||Rs. 72,674||N/A||Rs. 6,943|
|Bajaj Pulsar 150 Neon BS6 (149 cc)||Rs. 85,536||Rs. 61,088||N/A||Rs. 2,789|
|TVS Apache RTR 160 Front Disc (159.7 cc)||Rs. 94,500||Rs. 68,536||N/A||Rs. 4,524|
Table Data updated on 02-09-2020
**The values are calculated on the basis of Delhi city and registration year 2020.
Voluntary Deductibles: If you wish to share the cost of a claim with the insurer by paying a specific amount, then you can avail a discount of up to Rs. 2,500.
No Claim Bonus: For every claimless year, the insurer awards you with a discount- NCB. It ranges between 20-50%.
Anti-Theft Device Installation: IFFCO Tokio guarantees a proportionate discount on the premium on installing anti-theft devices like a GPS system, safety lock for gears etc. approved by Automobile Research Association of India (ARAI).
Registered Office Address: IFFCO Tokio General Insurance Company Limited, IFFCO Tower, Plot No. 3, Sector 29, Gurgaon - 122001, Haryana, India.
Telephone (Toll-free): 1800-103-5499, 0124-428-5499
Email: email@example.com (Any queries or complaints regarding your two-wheeler insurance policy)
You can also chat online with the help of the virtual assistant 'IRA' present on their website.
Registered Office Address: PolicyX.Com Insurance Web Aggregator Private Limited, 1st Floor, Landmark Tower, Plot no-2, Southcity-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India.
Email: firstname.lastname@example.org (For assistance & complaints), email@example.com (For any Sales query)
Toll-Free Number: 1800-4200-269
The company has introduced 'Long Term Two-wheeler Comprehensive Insurance' that provides the benefits of the policy for more than 1 year and avoids renewing it, again and again, every single year.
The company offers 2 different types of two-wheeler insurance policy:
Under IFFCO Tokio Two-wheeler Insurance policy, you will be eligible for only 50% of the cost of replacement for completely damaged tyres.
No, damaged glasses will not be covered under IFFCO Tokio Two-wheeler Insurance policy.
The company offers compensation of Rs. 20,000 in case of death of the policyholder under the 'Personal Accident Cover' of the policy.
Yes, in case of loss of an eye, hand or foot, the policy will pay a compensation benefit of Rs. 10,000 to the policyholder (as per the 'Total Irrecoverable Loss').
Last updated on 02-09-2020