Bajaj Auto Ltd. is one of the best automobile companies in India. One of the company’s major successes is Bajaj Platina. This bike is one of the most famous models in the motorbike market. It was first launched in 2006 and has been modified over the years. The bike is known for its mileage factor and power. Over lakhs of these bike models have been sold by Bajaj ever since its launch.
If you too are planning to buy this amazing bike, then congratulations! But you need to bear in mind that along with purchasing this bike, you will also have to buy a bike insurance policy. It is mandatory for every bike owner to buy insurance for their vehicles as per the Motor Vehicles Act, 1988. Hence, riding your bike without a proper bike insurance policy is a legal offence.
Choose IFFCO-Tokio to purchase your Bajaj Platina two-wheeler insurance for fabulous coverage. We offer third-party Bajaj Platina insurance and comprehensive Bajaj Platina two-wheeler insurance plans. Our comprehensive Bajaj Platina two-wheeler insurance plan also lets you include add-ons that enhance your bike coverage and offer extra protection.
Roads are unpredictable; an uncertain event can occur anytime. Hence, it is important to protect your finances when you cause an accident that leads to damages to you as well as a third-party. With IFFCO-Tokio, you can easily choose the type of Bajaj Platina insurance plan you wish to purchase for your bike for holistic protection.
If you select to go for a third-party Bajaj Platina bike insurance policy, you will get compensated for costs that arise in case of an accident that involves a third-party. Plus, you get covered for legal liabilities.
If you opt for a comprehensive Bajaj Platina bike insurance policy, you will not only be secured against the expenses that arise if you cause damages to a third-party but also receive compensation for the expenses that arise due to own damages as well as natural and man-made calamities.
There are two ways to buy a Bajaj Platina two-wheeler insurance plan from IFFCO-Tokio.
You can visit one of our branches and talk to our bike insurance advisers, who will help you with your Bajaj Platina insurance policy.
You can also visit our official website to carry out an online purchase for your Bajaj Platina insurance plan. Here are the steps that you must follow:
Once you open the official website of IFFCO-Tokio, you will have to quickly provide a few personal details about yourself and your bike.
After the first step, you can then choose a Bajaj Platina bike insurance policy according to your requirements. You can also include add-ons in your policy if you opt to buy a comprehensive Bajaj Platina insurance plan for your bike.
Once you are done choosing a Bajaj Platina bike insurance policy, you can make a payment on the site. Your Bajaj Platina insurance policy will be delivered to you in your email immediately!
Bajaj bike insurance policy can be purchased online with ease. Here are the benefits of buying a policy online:
The entire process can be conducted online with just a few clicks
You can buy the Bajaj Platina insurance policy as per your convenience
You do not have to maintain paper documents when you buy a Bajaj Platina two-wheeler insurance policy online
This would depend on whether you go for a third-party Bajaj Platina insurance policy or a comprehensive Bajaj Platina two-wheeler insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Bajaj Platina 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 Platina two-wheeler insurance policy covers:
Here are some recommended add-ons that can widen the coverage of your Bajaj Platina 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 Platina 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 Platina two-wheeler insurance policy.
Premium is the cost of your Bajaj Platina 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 Platina 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 Platina 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 Platina insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Bajaj Platina 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 through your Bajaj Platina two-wheeler insurance, 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