Ather Energy is an Indian two-wheeler manufacturer that was formed in 2013. Ather Energy specializes in the manufacturing of electric bikes. As more car and bike manufacturers are shifting towards producing electrically-powered vehicles, Ather Energy has emerged as one of the most important, innovative and independent players in this field.
If you are looking to switch to an electric bike and wondering which brand you should go for, look no further than Ather Energy as their bikes are reliant with long lasting batteries and superb features. Now the world may be slowly going from fuel to electric, but one thing that remains constant is having an Ather Energy two-wheeler insurance. The Motor Vehicles Act of 1988 states that it is mandatory to own a basic third-party bike insurance to be able to ride on Indian roads.
When you buy an Ather Energy bike, you can also buy a basic third-party Ather Energy two-wheeler insurance, or you can go for the comprehensive Ather Energy two-wheeler insurance that many bikers decide to go for. And at IFFCO-Tokio, you will get the best Ather Energy two-wheeler insurance you need.
No matter how carefully you ride your vehicle on the road, accidents are an unavoidable part that cannot be predicted. Even if you cannot know beforehand when or how an accident might happen, you can prepare yourself for any damage that follows by getting an Ather Energy two-wheeler insurance from IFFCO-Tokio.
You can buy a basic third-party Ather Energy bike insurance plan that will guarantee you financial coverage for the legal and financial liabilities for the damages the third-party in case of an accident.
You can also go for the comprehensive Ather Energy bike insurance plan, which provides financial coverage to you as well as the third-party for any loss/damage that you might face in the event of a natural/manmade calamity.
You can get your Ather Energy insurance by going to an IFFCO-Tokio office and buying the insurance from there. You can buy your Ather Energy insurance online as well. Buying your Ather Energy two-wheeler insurance from IFFCO-Tokio’s website is easy and time saving.
Here are the ways of buying your Ather Energy two-wheeler insurance from IFFCO-Tokio:
Visit your local IFFCO-Tokio branch, where you receive help from the customer representative in buying your Ather Energy insurance.
Buy your Ather Energy insurance online by following these steps-
Complete your login, provide your name, contact information, and bike details such as model and registration number. You will then be able to view all the Ather Energy insurance plans in detail.
Going for the comprehensive Ather Energy bike insurance plan gives you the option of adding extra features and various add-ons that are available.
After selecting your Ather Energy insurance, pay for the policy on the website, and you will receive your Ather Energy bike insurance plan via your mail.
The benefits of buying Ather Energy bike insurance plan are:
Buying the policy online doesn’t take much time and the process is very easy to complete.
You get the advantage of buying your Ather Energy insurance any time you want without any restrictions.
Getting your policy online involves only digital documentation and physical documentation is required.
This would depend on whether you go for a third-party Ather Energy insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Ather Energy insurance policy is considered to be the ideal choice for any policyholder. This is because this type of policy covers the third-party and also the policyholder. Here’s what the policy covers:
Widen the coverage of your Ather Energy bike insurance policy with our range of add-ons.
Zero-depreciation cover pays the entire claim amount without deducting depreciation value at the time of settling the claim.
This add-on keeps your no claim bonus safe even if you made a claim in the previous year.
If your vehicle is deemed a total loss, the add-on cover helps you get the original invoice price of the vehicle, including road tax and registration charges.
These are some of the standard exclusions of a bike insurance policy in India:
Types of bike insurance we provide:
Third-party insurance only covers any damage to a third party, including death, bodily harm, injury, and damage to a property in case of an accident or collision involving your bike.
Comprehensive bike insurance covers both third-party liabilities as well as own-damage to your bike. It also covers both natural and man-made calamities. These plans also allow you to include add-ons for a wider coverage!
You can also include the zero-depreciation cover to your comprehensive Ather Energy two-wheeler insurance policy. This will ensure that in case of an accident, you get complete reimbursement for part replacements without any deduction for depreciation. Great, isn’t it?
You should be aware of the following bike insurance terms before you buy the Ather Energy two-wheeler insurance policy.
Premium is the cost of your insurance plan which you pay to enjoy bike insurance coverage. It is usually payable annually, except for long-term plans, where it is usually paid once every 3 years.
The financial protection provided by your insurance policy is known as coverage. The coverage of a bike insurance policy will vary based on the insurance provider and the type of plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your Ather Energy bike insurance policy.
IDV stands for Insured Declared Value. It is the listing price of your bike minus depreciation. In case of a total loss or theft of your bike, IDV is the maximum compensation your insurance provider will offer.
NCB is a discount you get when you renew your plan after a claim-free year. This discount will keep increasing for every claim-free year. You can avail a maximum discount of 50% every year.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Ather Energy two-wheeler insurance policy using some very basic information. To calculate the premium, you must provide the following details:
Our bike and scooter insurance plans are like an extension of your protective gear. They keep you safe, wherever the road might take you! From the headlight to the tail-lamp, we’ve got you covered!
We use innovation and technology to provide you quicker and more convenient insurance solutions. For example, your policy can be issued instantly through our distribution channels. You can also use our QCS (Quick Claim Settlement) App to accelerate your claim process and get up to Rs. 20,000 transferred to your bank account within a few minutes - all with just a few clicks on your smartphone.
With close to 20 years of experience in the insurance industry, we have settled more than 8 lakh claims (in FY19) with a settlement ratio of 95.80% (in FY21). This is just one of the reasons why 1,00,000+ individuals entrust us for their bike insurance needs.
We provide cashless services in more than 4300 garages, which are evenly spread across the country.
We offer a QCS facility under which bike insurance claims get settled seamlessly within minutes.
For 20 years, we have been servicing our customers with a wide range of insurance policies.
We’ve settled a total of 8.61 lakh claims in FY2019 and have a claim settlement ratio of 95.80%.
IFFCO-Tokio won the 2019 IDC Digital Transformer Award for India for AI-based claim assessment of damaged vehicles, and the BFSI Digital Innovation Award by Express Computers, Indian Express Group.
Our policies can be brought from more than 20,000 agents and branches having a wide presence throughout the country.
Through our QCS app:
If you wish to make a claim for compensation, you can do so using our QCS (Quick Claim Settlement) app. All you have to do is upload related documents, photos, and videos of the damages you want to make a claim for. We will review the documents and other details uploaded by you and approve your claim (we have a claim settlement ratio of 95.80%). After this, the estimated amount for repairs will be sent to your bank account within minutes. Please note, for claims made through an application, the maximum claim amount will be Rs. 20,000.
You can register a claim for compensation online or by reaching us on 1800-103-5499. To make a claim online, you will have to log in with your registered Email ID and Password. When you log in, go to ‘make a claim’ option and follow the steps mentioned. If you register a claim over a call, our customer care executives will guide you with further procedure.
I went through the simple process. I did not need to do much things to buy bike insurance plan from IFFCO Tokio.
Rated by: Alakshita Mishra
I thank IFFCO Tokio for their wonderfully designed two wheeler insurance plans.
Rated by: Vignesh Chandrashekara
I am very happy with IFFCO Tokio Two wheeler insurance.
Rated by: Sachin Koranne
The customer executive helped me with two wheeler insurance nicely.
Rated by: Abhay Suryakant Parkar
IFFCO Tokio has the answer to all your queries related to IFFCO Tokio.
Rated by: Ajaya Kiran