Bajaj Auto is one of the top bike makers in the world. Their bikes are known for durability, ruggedness and reliability. They are the 4th largest bike makers in India in terms of bikes sold. Bajaj Chetak is the popular choice among environmentalists thanks to its electric motor.
The Bajaj Chetak is available in its electric avatar to help you keep the environment pollution-free. But before you let it sweep you off your feet, you will have to buy a Bajaj Chetak bike insurance policy. Because the Motor Vehicles Act of 1988 has made it mandatory for vehicle owners to buy a motor insurance policy before driving or riding their vehicles. To help you secure your bike, IFFCO Tokio Co. Ltd. provides well-developed Bajaj Chetak two-wheeler insurance plans to protect you and your bike against most kinds of mishaps.
While getting a Bajaj Chetak two-wheeler insurance policy, you can buy a third-party Bajaj Chetak two-wheeler insurance policy or a comprehensive insurance policy. The former is mandatory but if you want extra coverage with a plethora of add-ons then you can select the latter one.
No matter how good your driving skills are, mishaps can occur anytime. So, it is essential to buy an insurance policy for your scooty. IFFCO Tokio’s Bajaj Chetak insurance policies will help secure you and your scooty with financial security.
Our third-party Bajaj Chetak two-wheeler insurance policy will cover the financial and legal liabilities towards the third-party in case of an unfortunate accident. If you buy our comprehensive Bajaj Chetak bike insurance plan then you will get third-party coverage as well as coverage against floods, earthquakes, theft, riots, burglary and other natural and man-made calamities.
As mentioned earlier, you can buy either a third-party Bajaj Chetak bike insurance policy which is mandatory, or you can opt for a comprehensive insurance policy which provides more coverage and lets you drive your bike tension-free.
You can buy a Bajaj Chetak two-wheeler insurance policy from us in one of the two different ways
Go to your nearest IFFCO Tokio General Insurance Co. Ltd. office and ask the employees to help you buy the Bajaj Chetak insurance policy and complete its formalities.
Or you can visit our website and buy the Bajaj Chetak insurance policy online. You have to follow these 3 simple steps
Go to the IFFCO Tokio website, fill your name and mobile number. Then fill the information about your bike. You will be given options for your Bajaj Chetak insurance policy.
Once you get the right Bajaj Chetak insurance policy, you can select any add-ons of your choice for better coverage and make a customized bike insurance policy for yourself.
The final step is to complete the payment process for your Bajaj Chetak insurance policy and get the Bajaj Chetak insurance policy documents in your inbox. As simple as that.
We advise you to buy Bajaj Chetak insurance policy online as you will get these 3 benefits:
You can buy the Bajaj Chetak insurance policy in 3 simple steps
You can buy your Bajaj Chetak insurance policy from anywhere and anytime.
This would depend on whether you go for a third-party Bajaj Chetak 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 Chetak insurance policy is considered to be the ideal choice for any policyholder. This is because this type of Bajaj Chetak two-wheeler insurance policy covers the third-party and also the policyholder. Here’s what the policy covers:
Here are some recommended add-ons that can widen the coverage of your Bajaj Chetak insurance policy.
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
Need to buy bike insurance? There are two types of plans you can choose from i.e. third-party cover & comprehensive insurance. Both of these plan offer different level of protection. See which one of these plans is better suited for you
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 Chetak 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 Chetak two-wheeler insurance policy.
Premium is the cost of your Bajaj Chetak insurance policy. It is the amount you have to pay to enjoy bike insurance coverage. It is usually payable annually, except for the case of long-term plans, where it is usually paid once every 3 years.
The financial protection provided by your Bajaj Chetak two-wheeler 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 Chetak 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% year after year for not making any claims against your Bajaj Chetak insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Bajaj Chetak 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 motor 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. We have also won the BFSI Digital Innovation Award by Express Computers, Indian Express Group, as well as the Digital Insurer of the Year 2019 by Insurance Asia News Awards for Excellence.
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 add-ons on my IFFCO-Tokio comprehensive two-wheeler insurance plan are great.
Rated by: Deepak Parikh
IFFCO-Tokio provides great comprehensive insurance plans!
Rated by: Vaishali Kadam
IFFCO-Tokio has so many network garages so taking my bike insurance plan from them was a smart decision.
Rated by: Anjan Bhawalkar
I was looking for quotes on bike insurance policies and IFFCO-Tokio provided the best deal.
Rated by: Tapan Hinduja
I got my Honda Hornet insured by IFFCO-Tokio and I am very happy with my decision.
Rated by: Rohit Mehta