Honda is the 2nd largest bike manufacturer in India in terms of units made and sold. This Japanese motorcycle manufacturing company has been truly delivering on their promise of durable, efficient and affordable bikes to the Indian people for decades now. One of those bikes is Honda Shine.
Honda Shine is one of the most affordable bikes for professionals to reach their workplace punctually. But before you drive this bike on Indian streets, you should buy a Honda Shine two-wheeler insurance policy to cover yourself financially if your bike meets an accident. As per the Motor Vehicles Act, 1988, every vehicle owner has to buy a motor insurance policy before they drive their vehicles on Indian roads. IFFCO Tokio will help you financially cover your bike through a Honda Shine Two-wheeler insurance cover against accidents when you drive your bike on roads.
The bike insurance policies are of 2 types: a basic third party bike insurance policy and a comprehensive Honda Shine Two-wheeler insurance policy. You can get extra coverage on any of these bike insurance policies by opting for add-ons. IFFCO Tokio provides bike insurance plans that suits your requirements and fits your budget.
You cannot be certain about the possibility that you will be safe while driving on roads even if you have confidence in your driving skills as accidents can happen at any time. Hence, it is necessary that you buy a Honda Shine two-wheeler insurance policy to financially insulate yourself from the after math of an unfortunate accident.
If you buy a third-party Honda Shine insurance policy, you will be financially covered if you meet an accident when you drive your bike.
If you buy a comprehensive Honda Shine bike insurance policy, you will get the benefits of a third party bike insurance cover and your bike will be insured against damages caused to it due to natural or manmade calamities like floods, earthquake, tsunami, burglary, theft or riots.
You can head to an IFFCO Tokio office and get help from their employees to buy a Honda Shine two-wheeler insurance policy or visit the IFFCO Tokio website to do the same online. Our website is easy to navigate and helps you buy a bike insurance policy easily.
You can buy a Honda Shine insurance policy in 2 different ways:
Visit an IFFCO Tokio office and get help from our employees to buy a Honda Shine insurance policy.
Visit the IFFCO Tokio website and buy a Honda Shine insurance policy in 3 easy steps:
Visit the website and login with your name and mobile number to proceed. Enter your bike’s registration and model number. Upon doing this, the website will show various Honda Shine insurance plans.
Select the Honda Shine bike insurance policy that suits your insurance needs and fits your budget. You can customise the policy with different add-ons that our website shows you.
Now, proceed to the payment gateway page and pay Honda Shine bike insurance policy money conveniently and safely through any online payment method. Subsequently, the policy papers will be delivered to your email inbox.
You should buy a Honda Shine two-wheeler insurance policy online for the following reasons:
You do not need to keep a paper trail of your Honda Shine two-wheeler insurance policy. Those papers will be emailed to you.
You can buy the Honda Shine insurance policy at any time that is convenient for you.
This would depend on whether you go for a third-party Honda Shine 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 Shine 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 comprehensive Honda Shine two-wheeler insurance policy covers:
Here are some recommended add-ons that can widen the coverage of your Honda Shine 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 Honda Shine two-wheeler insurance policy 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 Honda Shine two-wheeler insurance policy covers both third-party liabilities as well as own damage to your bike. It also covers both natural and man-made calamities. These comprehensive Honda Shine two-wheeler insurance plans also allow you to include add-ons for a wider coverage!
You can also include the zero-depreciation cover to your comprehensive Honda Shine 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 Shine two-wheeler insurance policy.
Premium is the cost of your Honda Shine insurance policy. It is the amount you have to pay to enjoy bike insurance coverage. It is usually payable annually, except for the case of long-term Honda Shine two-wheeler insurance plans, where it is usually paid once every 3 years.
The financial protection provided by your Honda Shine two-wheeler insurance policy is known as coverage. The coverage of a bike insurance policy will vary based on the insurance provider and the type of Honda Shine two-wheeler insurance plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your Honda Shine two-wheeler 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 Shine insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Honda Shine two-wheeler insurance policy using some very basic information. To calculate the premium of your Honda Shine 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 Shine 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