Honda has been one of the names at the forefront in the two-wheeler industry ever since its entry into the Indian market. Japanese by name, but Indian by heart, Honda has been revolutionizing not just the entry level two-wheeler market, but also the high-end market. Their affordability and their excellent track record of after-sales services are the big factors because of which they have won the trust of millions of Indians.
There is a wide range of bikes that Honda offers, from which you can choose one. The budget-friendly bikes like Honda Dio, Honda CD 110, Honda Navi, or the high-priced bikes like Honda Gold Wing, Honda XBlade, Honda Hornet are some of the bikes that you can choose from Honda’s catalogue. While you are selecting a bike as per your dreams, it is also essential that you get a Honda two-wheeler insurance that will provide you ample coverage in the event of any accident. As per the Motor Vehicles Act of 1988, it is mandatory to own at least a basic third-party bike insurance in order to drive on Indian roads. And at IFFCO-Tokio, you can get the right insurance based on your budget and needs.
There are two types of bike insurance that you can choose from. The first type is Honda two-wheeler insurance, which is a basic third-party insurance, and the second type is the comprehensive Honda two-wheeler insurance which is the preferred choice of most bikers. At IFFCO-Tokio, you will get the proper help to buy best Honda two-wheeler insurance.
In today’s world, time is of the essence and everyone is always in a hurry to reach to their destination. Even if you take the utmost care while riding your bike, there’s no guarantee that you might be able to avoid any mishap caused due to someone else’s impatience on the road. And it is exactly for that reason why you should invest in a good Honda two-wheeler insurance, and why you should get it from IFFCO-Tokio.
A basic third-party Honda bike insurance plan provides you financial coverage for the legal and financial liabilities for the damages that the third party has faced in case of an accident.
A comprehensive Honda bike insurance plan provides financial coverage not just to the third-party, but you as well for any loss or damage that might be caused due to any natural calamity like earthquake, floods or due to any manmade calamity like theft and so on.
It is possible for you to get your Honda insurance by visiting any of the IFFCO-Tokio offices where you will be assisted in selecting the best insurance plan for you. Similarly, you can visit the IFFCO-Tokio website to buy Honda insurance, and with a few clicks you will be able buy Honda two-wheeler insurance from the comfort of your home.
These are the two ways of being an owner of Honda two-wheeler insurance plan from IFFCO-Tokio:
Go to your nearest IFFCO-Tokio branch to buy Honda insurance. You’ll get the best assistance possible in selecting a bike insurance plan as per your need.
You can visit the IFFCO-Tokio website and get your Honda insurance in just 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 Honda insurance plans in detail.
Selecting a comprehensive Honda bike insurance plan allows you to customize the plan with various features and add-ons.
After you have chosen your Honda insurance plan and finished customizing it, you can then finish the payment process following which you will receive your Honda bike insurance plan via mail.
Buying your Honda bike insurance plan online is better because:
It takes just a few clicks to finish the process and you can get everything done without having to go out.
It is easier to buy Honda insurance whenever you want as per convenience.
One of the benefits of buying the bike insurance plan online is you don’t have to worry about carrying physical copies of documents as it’s completely digital.
This would depend on whether you go for a third-party Honda insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Honda 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 Honda 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 Honda 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 Honda 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 Honda 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 Honda 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