Honda is one of the best automobile brands in the world. It has made a huge impact on the automobile sector of several countries. Even in India, Honda has created a huge name for itself. The brand has several bike models to offer to its consumers. One particular bike that is currently most-talked about is the Honda CD 110 Dream.
The Honda CD 110 Dream is one of their best models. It offers a great deal to its users in terms of its mileage and engine power. But before you can take this bike out for a spin, you need to have a bike insurance policy. According to the Motor Vehicles Act of 1988, every car and bike owner needs to have third-party insurance. If you have not bought such a policy, we at IFFCO-Tokio can help you out with our well-designed bike insurance plans which provide complete coverage.
When you are buying a Honda CD 110 Dream two-wheeler insurance policy, you can either opt for a third-party Honda CD 110 Dream two-wheeler insurance policy or a comprehensive Honda CD 110 Dream two-wheeler insurance policy. While third-party insurance is mandatory, a lot of people still prefer going for a comprehensive bike insurance policy as they can even choose add-ons.
Even though you might be quite sure of your driving skills, you can never vouch for the other drivers on the road. In cases of inevitable accidents, our third-party insurance policy will cover you from the financial and legal liabilities towards the third-party. If you opt for our comprehensive Honda CD 110 Dream bike insurance policy, you can get Honda CD 110 Dream insurance coverage for not only the third-party but even yourself from natural as well as manmade calamities.
Under our third-party Honda CD 110 Dream two-wheeler insurance plans, you will be covered for all the damage that has occurred to the third-party. You can also choose a comprehensive Honda CD 110 Dream bike insurance policy in which case you will be covered for all the damage that has occurred to your bike as well as the third-party liabilities.
Even though one only needs to have a basic third-party bike insurance policy in order to legally ride their bike on the road, there are many who still prefer to go for comprehensive bike insurance policy. This is because such policies offer much better coverage which takes the financial burden off your shoulders.
You can choose to buy your Honda CD 110 Dream two-wheeler insurance policy in one of the two following ways:
You can visit any of the IFFCO-Tokio offices talk to our insurance experts who will guide you through the entire process of buying a Honda CD 110 Dream insurance policy.
You can also choose to buy your Honda CD 110 Dream insurance policy online in just 3 easy steps:
You need to go to the official website of IFFCO-Tokio and fill the information required there. You will have to fill some basic information about yourself and your bike.
After mentioning the details, you can choose from one of our Honda CD 110 Dream insurance plans. There are also several add-ons you can include in your Honda CD 110 Dream bike insurance policy.
After you are done with the payment and the details section, you can make an online payment for your Honda CD 110 Dream insurance plan. Shortly after this, you will receive your Honda CD 110 Dream bike insurance policy.
If you buy a Honda CD 110 Dream bike insurance policy online, you will avail some benefits that you will not when you visit the office. Here are the benefits of making an online purchase:
The process of buying a Honda CD 110 Dream two-wheeler insurance policy is very easy and can be completed in just 3 steps.
There are no time restrictions when it comes to buying a Honda bike insurance policy online. You can do it anytime that is suitable to you.
Buying a Honda CD 110 Dream two-wheeler insurance policy online will save you from maintaining a paper trail. Thus, it becomes very easy to get a bike insurance policy online.
This would depend on whether you go for a third-party Honda CD 110 Dream 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 CD 110 Dream 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 CD 110 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 CD 110 Dream 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 CD 110 Dream two-wheeler insurance policy.
Premium is the cost of your Honda CD 110 Dream insurance policy. It is the amount you have to pay to enjoy Honda CD 110 Dream 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 CD 110 Dream 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 CD 110 Dream 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 CD 110 insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Honda CD 110 Dream two-wheeler insurance policy using some very basic information. To calculate the premium of your Honda CD 110 Dream 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 CD 110 Dream 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.
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