IFFCO Tokio Two Wheeler Insurance
IFFCO Tokio Two Wheeler Insurance
IFFCO Tokio offers its customers extensive insurance coverage for their two-wheelers. Customers can purchase three different types of two-wheeler insurance in India: third-party insurance, standalone own-damage insurance, and comprehensive plans. Third-party insurance is compulsory and takes care of third-party liabilities in case of a mishap. The second type, standalone own damage insurance provides compensation for the policyholder’s two-wheeler in case of an accident. The third type of insurance is a comprehensive insurance plan, which protects your two-wheeler in a range of situations and includes both own-damage and third-party liability coverage for a single premium.
Why Buy Bike Insurance with IFFCO Tokio?
With so many bike insurance companies in India, it often becomes challenging to choose one. So, to help you out, we have listed reasons why you should choose IFFCO Tokio for your bike insurance plans:
Network Garages: IFFCO Tokio has a tie-up with over 4,300 network garages. With an extensive number of network garages available, you can easily get the benefit of cashless claim settlement.
Quick Claim Settlement: With a claim settlement of 95.80%, IFFCO Tokio is efficient in settling bike insurance claims in a matter of a few minutes. Moreover, the process of claim settlement is also quick and hassle-free.
24*7 Support: IFFCO Tokio has a dedicated team that provides 24*7 assistance to policyholders. So, if you have any queries regarding the IFFCO Tokio bike insurance plan, you can easily reach out to the IFFCO Tokio team.
Affordable Premiums: IFFCO Tokio has bike insurance plans to start at Rs. 182. Thus, when you choose to buy bike insurance with IFFCO Tokio, you will be able to buy bike insurance at affordable premiums.
Benefits of Buying IFFCO Tokio Bike Insurance Online
There are multiple benefits of buying IFFCO Tokio bike insurance plans online such as the following:
When you buy a two-wheeler bike insurance policy online, you will save on any additional cost that is spent on buying the policy with an agent.
The online process of buying a two-wheeler policy is also time-saving. In a few simple steps, you will be able to buy the bike insurance plan online.
On buying bike insurance plans online, you will also be able to compare the different plans available by insurers and accordingly buy the right plan.
You can also customise the bike insurance plan by adding different add-ons to the plan.
One of the best parts about buying bike insurance online is that the policy will be instantly issued. In a few simple clicks, you will be able to buy bike insurance online.
Types of Two-wheeler Insurance Plans
The three different types of bike insurance plan that you can buy with IFFCO Tokio are listed below:
Third-party Bike Insurance: As per the Motor Vehicles Act of 1988, every bike owner must have valid third-party bike insurance. A third-party bike insurance plan provides coverage in case a third-party is injured or damaged due to the insured bike.
Standalone Own-damage Bike Insurance: Standalone own-damage bike insurance provides financial coverage if the insured bike sustains any damage due to any kind of mishap.
Comprehensive Bike Insurance: Comprehensive bike insurance provides coverage for both third-party liabilities and own-damage cover. You can also include different bike insurance add-ons to this plan to further enhance the plan
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