Bajaj is a brand that makes good and affordable bikes that are suited for daily commutes. The new Bajaj Discover is one such bike that offers excellent mileage, performance, and handling - making it the right choice for the Indian roads. Bajaj Discover has also been voted as one of the most comfortable bikes in India by most motorists.
Buying Bajaj Discover is definitely a great decision to make, but you must also bear in mind that you will have to buy an insurance policy for the bike. It is mandatory by law in India for every vehicle owner to possess a motor insurance policy. An insurance policy will offer financial security to you at times of a road mishap. IFFCO-Tokio can help you in this regard with its well-designed Bajaj Discover two-wheeler insurance plans that offer extensive coverage.
You can easily buy a Bajaj Discover two-wheeler insurance policy of your choice with IFFCO-Tokio. We provide two main types of bike insurance policies namely third-party Bajaj Discover two-wheeler insurance and comprehensive cover. Choose the one that suits your needs and budget for wholesome coverage.
A Bajaj Discover insurance policy will financially protect you against the heavy expenses that may arise if you meet with a road accident. This protection will help safeguard your hard-earned savings for true peace of mind.
IFFCO-Tokio offers two types of Bajaj Discover insurance policies namely, third-party insurance policy and comprehensive cover.
The third-party Bajaj Discover bike insurance plan will save you against the financial and legal liabilities that arise if you meet with an accident that involves a third-party or property. And, the comprehensive cover secures you against own damages in an accident as well as covers you against third-party damages. A comprehensive Bajaj Discover bike insurance plan also offers protection against natural and manmade calamities such as earthquakes, floods, riots, theft, and so on.
There are two ways in which you can buy your Bajaj Discover two-wheeler insurance policy:
You can visit any one of IFFCO-Tokio’s offices to buy your Bajaj Discover insurance policy in person or choose to make an online purchase.
You just need to follow these three easy steps to complete the online procedure of buying a Bajaj Discover two-wheeler insurance plan:
To get your Bajaj Discover insurance, log on to our website and fill in the required details about yourself and your bike. These details may include your name, mobile number, email address, bike’s make and model, city of registration, and so on.
Choose a Bajaj Discover insurance policy that fits your budget and suits your requirements. You can also opt to include add-ons if you decide to buy a comprehensive Bajaj Discover insurance as they are customizable.
When you decide on a Bajaj Discover bike insurance policy, simply checkout and complete the online payment using your debit or credit card or other modes of payment comfortable to you. Your Bajaj Discover bike insurance policy will then be delivered to your inbox almost immediately.
If you choose to buy Bajaj two-wheeler insurance online, you can enjoy the following benefits:
Buy the Bajaj Discover two-wheeler insurance policy by navigating through the simple procedures
Purchase the Bajaj Discover two-wheeler insurance policy according to your convenience
The Bajaj Discover two-wheeler insurance policy gets mailed to you, hence eliminating the need to maintain a complicated paper trail
This would depend on whether you go for a third-party Bajaj Discover insurance policy or a comprehensive Bajaj Discover insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Bajaj Discover 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 Bajaj Discover insurance policy covers:
Here are some recommended add-ons that can widen the coverage of your Bajaj Discover bike 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
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 Discover 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 Discover two-wheeler insurance policy.
Premium is the cost of your Bajaj Discover 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 Discover 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 Discover 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 Discover insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Bajaj Discover 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. 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