Bajaj has been a pioneer in the two-wheeler industry, as one of the first brands to launch bikes and scooters that can be easily affordable for the middle-class families. Their innovation has stood the test of time and has managed to keep the trust of its consumers intact. Bajaj is one of the biggest players in the two-wheeler industry not just in India, but in the international market as well. It has a market share of more than 14% in the Indian market.
Bajaj has many popular bikes that you can choose from, such as Bajaj Pulsar, Bajaj Platina, Bajaj Discover, Bajaj V12 and many more. And with buying a new Bajaj bike also comes the responsibility of buying yourself a Bajaj two-wheeler insurance. According to the Motor Vehicles Act of 1988, it is mandatory to own at least a basic third-party bike insurance to be able to ride on Indian roads. At IFFCO-Tokio, you will be able to select best insurance plan.
You can choose to buy Bajaj two-wheeler insurance, which is a third-party insurance, or you can opt for a comprehensive Bajaj two-wheeler insurance with its extra features. You’ll be able to make a better choice with the help of IFFCO-Tokio when buying Bajaj two-wheeler insurance.
No matter how many precautions you manage to take while riding on the roads, for some reason, accidents are unavoidable unfortunately. It would always benefit you to be better-prepared for such incidents by getting a Bajaj two-wheeler insurance with the help of IFFCO-Tokio.
A basic third-party plan like Bajaj bike insurance plan will provide financial coverage for the legal and financial liabilities for the damages that the third-party may face in the case of an accident.
But the financial coverage that you get in the comprehensive Bajaj bike insurance plan covers not just the third-party, but you as well. Any loss/damage that you might face in the events of any natural or manmade calamity are covered in this bike insurance plan.
It is possible for you to buy a Bajaj insurance by visiting the IFFCO-Tokio office and inquiring about it there, and you will be provided with the best service. Similarly, you can also visit the IFFCO-Tokio website and buy Bajaj insurance from there. This option is much more hassle-free and you will be the owner of your Bajaj two-wheeler insurance with only a few clicks.
These are the two ways of buying your Bajaj two-wheeler insurance plan from IFFCO-Tokio:
You can go to any IFFCO-Tokio branch and the customer representative will assist you in buying Bajaj insurance as per your needs and budget.
You can visit the IFFCO-Tokio website and buy your Bajaj insurance in 3 easy 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 Bajaj insurance plans in detail.
The comprehensive Bajaj bike insurance plan lets you to add additional features as per your liking.
After the customization of your Bajaj insurance is done, you can pay for the insurance plan on the website securely, following which you will receive your Bajaj bike insurance plan in your mail.
It is better to a Bajaj bike insurance plan online because:
The process of buying your policy online is less-complicated and saves a lot of time.
As you will be buying your Bajaj insurance online, you aren’t bound to buy it only within a certain time period.
The advantage of buying your policy online is that you don’t have worry about physical copies of the documents required.
This would depend on whether you go for a third-party Bajaj insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Bajaj 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 Bajaj 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 Bajaj 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 Bajaj 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 Bajaj 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 Bajaj 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.
The best two wheeler insurance plan is provided by IFFCO Tokio.
Rated by: Ritu Aditya
I have taken my two wheeler insurance from IFFCO Tokio
Rated by: Pradeep Agarwal
I wanted to take two wheeler insurance for my new bike and I went through the hassle free process with IFFCO Tokio.
Rated by: Pooja aabnave
Its been 3 years I have got the two wheeler insurance policy from IFFCO Tokio and it is extremely good.
Rated by: Rakesh AGARWAL
I had a word with IFFCO Tokio executive and they explained me everything about the two wheeler insurance plan
Rated by: Sagar AGARWAL