Honda is one of the best automobile companies in the world. The brand is known for its amazing vehicles. Every year, this brand steps up its game and launches new bikes and cars. If you are talking to your friends about bikes, you will seldom miss out the word ‘Honda’. Currently, there are several top-performing bikes available by Honda in the market, one such being the Honda Navi.
A lot of bikers are choosing to go for this bike and it is not a surprise if you are too. However, do keep in mind that you will be needing a bike insurance policy before riding this bike. This is because the Motor Vehicles Act of 1988 has made it mandatory for riders to get third-party insurance before they take their bikes out on the road. IFFCO-Tokio can offer you a suitable Honda Navi two-wheeler insurance plan from one of their well-designed bike insurance plans.
When it comes to a Honda Navi two-wheeler insurance policy, you can either opt for a basic Honda Navi third-party insurance, which will cover the legal and financial liabilities towards the third-party’s damages, or go for the comprehensive Honda Navi two-wheeler insurance policy, which will cover the damage done to your own bike along with the damages incurred by the third-party.
When you ride your bike, you can be cautious and do everything to avoid mishaps. But there might be instances where you just cannot avoid accidents. This is where having a Honda Navi insurance plan is highly important. IFFCO-Tokio will help you with buying a Honda Navi bike insurance policy where you can secure yourself with financial protection in such cases.
Our third-party Honda Navi two-wheeler insurance plans will cover financial and legal liabilities towards the third-party in case of an accident. You can also opt for a comprehensive Honda Navi bike insurance policy that will cover both yourself as well as the third-party in case of any losses from riots, earthquakes, floods, and other disasters, be it natural or man-made.
Buying a third-party insurance policy is mandatory. But there are many who prefer to go for the comprehensive bike insurance plan that will offer much better coverage. This is so that the policyholder does not have to bear much financial burden in case of an accident.
You can buy a Honda Navi two-wheeler insurance plan from IFFCO-Tokio by one of these following two ways:
You can go to our offices and talk to our insurance experts who will guide you in completing the process of buying your Honda Navi insurance policy.
You can also buy your Honda Navi insurance policy online. Here’s how:
Go to our official website. Fill in all the details that are required regarding yourself and your bike.
After filling the details, you need to choose a Honda Navi bike insurance policy according to your needs. There are also several add-ons that you can choose to include in your Honda Navi insurance plan.
You can then complete your payment for the Honda Navi insurance and voila! You will receive your Honda Navi bike insurance policy in your inbox.
Here are the three key benefits of buying a Honda bike insurance policy online:
It is very easy to buy a Honda Navi two-wheeler insurance policy online just 3 easy steps.
You can buy a Honda Navi insurance policy online as per your timings.
Buying a Honda Navi two-wheeler insurance policy online will save you from maintaining a paper trail. Thus, you can get a policy with ease.
This would depend on whether you go for a third-party Honda Navi 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 Navi 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 Navi bike insurance policy.
Zero depreciation cover
Zero-depreciation cover pays the entire claim amount without deducting depreciation value at the time of settling the claim.
No claim bonus protection
This add-on keeps your no claim bonus safe even if you made a claim in the previous year.
Return to invoice
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.
Damage to accessories
Damage due to the driver’s negligence
Wear and tear of the bike
Damage during war and similar conditions
Mechanical or electrical breakdown
Damages while riding under the influence of drugs or alcohol
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 Navi 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 Navi two-wheeler insurance policy.
Premium is the cost of your Honda Navi insurance policy. It is the amount you have to pay to enjoy Honda Navi 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 Navi 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 Navi 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 Navi insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Honda Navi two-wheeler insurance policy using some very basic information. To calculate the premium of your Honda Navi 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.
4300+ Network Garages
We provide cashless services in more than 4300 garages, which are evenly spread across the country.
Quick Claim Settlement
We offer a QCS facility under which bike insurance claims get settled seamlessly within minutes.
Trusted Brand
For 20 years, we have been servicing our customers with a wide range of insurance policies.
Claims Experience
We’ve settled a total of 8.61 lakh claims in FY2019 and have a claim settlement ratio of 95.80%.
Award Winning Protection
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.
Wide Network of Branches
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 Navi 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.
Online/telephonic claims:
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.
