Honda Motor Co. Ltd. has built a solid legacy dating back to 1959 when it comes to its bikes. It is one of the world’s largest companies and is always coming out with new bike models. Honda bikes are always in demand and are preferred by bikers for their engines and designs. One such bike that Honda has come out with which really impressed bike fanatics is the Honda Dio.
The Honda Dio is one of the best models developed by Honda Motor Co. Ltd. This scooter is relatively less heavy and gives good mileage. But before you take this two-wheeler out on the road, you need to have bike insurance. In India, it is mandatory to buy a bike insurance policy under the Motor Vehicle Act, 1988. If you do not have a bike insurance policy, you can get one from IFFCO-Tokio as we offer well-designed bike insurance plans that provide complete coverage.
While purchasing a Honda Dio two-wheeler insurance plan, one should remember that there are two types of bike policies. You can take a basic third-party Honda Dio two-wheeler insurance policy, which will cover your third-party liabilities. You can also opt for a comprehensive Honda Dio two-wheeler insurance policy, which will cover the damage done to your bike, as well as the third-party liabilities. Apart from these, you can also choose from the several add-ons that IFFCO-Tokio provides to maximize your benefits.
While driving you can be sure about your skills, but mishaps happen, and you cannot predict how others will drive around you. Thus, to protect your vehicle, it is very important that you buy a Honda Dio bike insurance policy which will keep you financially secured. We at IFFCO-Tokio make it our top priority to financially cover you in case of accidents.
Our Honda Dio insurance plans include third-party Honda Dio two-wheeler insurance which covers financial and legal liabilities to the third-party in case of an accident and a comprehensive Honda Dio bike insurance policy where you can get coverage for both the third-party as well as yourself.
Now we all know that a third-party insurance policy is mandatory, but a lot of people still prefer going for a comprehensive bike insurance policy since they receive much more coverage from this plan as compared to a basic third-party insurance plan.
There are two ways to buy a Honda Dio two-wheeler insurance policy from IFFCO-Tokio. Both of the processes are very easy. Read more to know about how to buy a Honda Dio bike insurance:
You can go to any IFFCO-Tokio branch and talk to the experts. They will help you come up with the best Honda Dio insurance plan.
You can also visit the official website of IFFCO-Tokio and get a Honda Dio insurance policy online. Here’s how to get a Honda Dio bike insurance policy online:
You need to log on to the official website of IFFCO-Tokio to purchase a Honda Dio insurance policy online. After which, you will be asked to fill your basic details. You will also be required to fill some basic details about your bike.
After you are done filling the details, you can choose a Honda Dio bike insurance policy plan from our website that fits your needs. There are also several add-ons that you can combine with your Honda Dio insurance plan.
After you are done with the procedures, you can complete the payment online. After this, you will receive the Honda Dio bike insurance policy in your inbox.
If you buy a Honda bike insurance policy online you will enjoy the following benefits:
Buying a Honda Dio two-wheeler insurance policy is very easy and efficient.
You can buy a Honda Dio insurance policy any time you want regardless of the time.
You can buy a Honda Dio two-wheeler insurance policy without the hassles of maintaining paper documents. You can do the transactions of documents online.
This would depend on whether you go for a third-party Honda Dio 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 Dio 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 Dio 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 Dio 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 Dio two-wheeler insurance policy.
Premium is the cost of your Honda Dio insurance policy. It is the amount you have to pay to enjoy Honda Dio 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 Dio 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 Dio 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 Dio insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Honda Dio two-wheeler insurance policy using some very basic information. To calculate the premium of your Honda Dio 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 Dio 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 went through the simple process. I did not need to do much things to buy bike insurance plan from IFFCO Tokio.
Rated by: Alakshita Mishra
I thank IFFCO Tokio for their wonderfully designed two wheeler insurance plans.
Rated by: Vignesh Chandrashekara
I am very happy with IFFCO Tokio Two wheeler insurance.
Rated by: Sachin Koranne
The customer executive helped me with two wheeler insurance nicely.
Rated by: Abhay Suryakant Parkar
IFFCO Tokio has the answer to all your queries related to IFFCO Tokio.
Rated by: Ajaya Kiran