Honda Motor Co. Ltd. is one of the world’s leading brands in the automobile sector. It is also one of the world’s largest sellers of bikes. Honda is known in the market for its design and amazing engines. The Honda CBR is one of the best bikes produced by the company. The bike is known for its durability and power. The bike also has an amazing look that is hardly second to any other bike. This bike also offers fabulous horsepower and makes for a perfect companion on the roads.
Buying a Honda CBR is undoubtedly a great decision to make. But remember, along with purchasing this bike, you also need to buy Honda CBR two-wheeler insurance. As per The Motor Vehicles Act, 1988, it is mandatory to have at least liability insurance for your vehicle before plying it on the roads in India. IFFCO-Tokio can help you find the right Honda CBR two-wheeler insurance based on your requirements.
When it comes to purchasing a Honda CBR two-wheeler insurance, you can either select a basic third-party insurance policy or a comprehensive insurance plan. Whatever your needs are, we will ensure you stay fully protected out on the roads.
Having insurance is the best way to lessen the worries and uncertainties of tomorrow. Bike insurance, like any other insurance plan, is very important. It financially protects you by covering you for the expenses incurred in repairing damages due to an accident. Mishaps happen, and the best way to deal with them is by being insured. To help you, we at IFFCO-Tokio offer well-designed Honda CBR two-wheeler insurance plans that suit all your requirements.
IFFCO-Tokio offers third-party Honda CBR insurance and comprehensive insurance for your bike.
If you choose a third-party Honda CBR bike insurance policy, you secure yourself against third-party liabilities that arise due to accidents caused by you. If you opt for a Honda CBR comprehensive insurance policy, you can get financial assistance to fix the damages caused to your own bike as well the third-party. Moreover, a comprehensive Honda CBR bike insurance policy will also secure your finances if damages are caused to your bike due to natural or man-made calamities.
There are two ways by which you can buy a Honda CBR two-wheeler insurance policy from IFFCO-Tokio.
You can visit our nearest branch and get help from our expert staff in getting your Honda CBR insurance.
The other way to buy Honda CBR insurance from us is by visiting our website and making the purchase online. Here are 3 simple steps that you will have to follow to complete the online purchase.
Visit our official website and fill in some required details about yourself and your bike. After this, you can view all the Honda CBR insurance plans available.
After you have successfully filled all the information, you will have to choose from one of our insurance plans. If you a buy comprehensive Honda CBR bike insurance policy, you can further customize your Honda CBR insurance plan with add-ons.
If you buy a Honda CBR bike insurance policy online you will enjoy the following benefits:
Buying a Honda CBR two-wheeler insurance policy for your Honda bike online is very easy and quick
There is no time window for buying a Honda CBR two-wheeler insurance policy online as we are here for you 24/7
To buy a Honda CBR bike insurance policy online, you do not need to submit any documents physically and you receive your Honda CBR insurance policy as a convenient soft copy
This would depend on whether you go for a third-party Honda CBR 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 CBR 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:
Here are some recommended add-ons that can widen the coverage of your Honda CBR 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 Honda CBR 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 CBR two-wheeler insurance policy.
Premium is the cost of your Honda CBR insurance policy. It is the amount you have to pay to enjoy Honda CBR two-wheeler 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 insurance policy is known as coverage. The coverage of a Honda CBR two-wheeler 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 CBR 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 Honda CBR insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Honda CBR two-wheeler insurance policy using some very basic information. To calculate the premium of your Honda CBR insurance plan, 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 Honda CBR two-wheeler insurance policy, 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.
I have booked insurance from IFFCO Tokio and I really thanks to insurance team for providing such a best policy for me.
Rated by: Pirhada Sheikh
Quick Process and best option of choosing the IDV value limit on bike insurance. Good work by the team.
Rated by: Prakash devi
Be it a bike or a scooty, I'll get it insured from Iffco Tokio only. These guys are cool and awesome.
Rated by: Brock Lola
Speedy claim process
Rated by: Neha kona
Made a claim last month and got the amount as initially promised. So will definitely be renewing this motorcycle insurance. The help was there when I needed it.
Rated by: Jaykishore Shetty