Indian Motorcycle is an American motorcycle manufacturer based in Minnesota, United States of America. Established in 1901, Indian Motorcycle is a company that has gone through epic highs and brutal lows in its 120 year history. Indian Motorcycle has been a famous name since the very beginning, with their bikes winning many well-known bike competitions.
Indian Motorcycle started selling their bikes in India in 2014 and has launched many of its famous models, with more to be launched in the future due to the positive response from Indian buyers. When you plan to buy an Indian Motorcycle, be sure you also buy your Indian Motorcycle two-wheeler insurance with it as well. As per the motor Vehicles Act of 1988, to be able to ride on Indian roads, you need to own at least a basic third-party bike insurance.
If you want to buy a bike insurance, you can go for a basic third-party Indian two-wheeler insurance for your bike, or you can opt for a comprehensive Indian two-wheeler insurance, that provides extra features and financial coverage and is preferred choice by many bikers. IFFCO-Tokio will offer you the best Indian Motorcycle two-wheeler to go with your bike.
Having the best bike with the best features possible can never guarantee you any kind of protection in case of any unfortunate accident that might happen with you. But having a good bike insurance such the Indian Motorcycle two-wheeler insurance will provide you financial protection from any accident. With IFFCO-Tokio, you will be able to get the policy that will guarantee you the most options in it.
Going for a basic third-party Indian Motorcycle bike insurance plan will provide you financial coverage for the legal and financial liabilities for the damages that the third-party might face in an accident.
When you go for the comprehensive Indian Motorcycle bike insurance plan will give you financial coverage to you and the third-party as well, which means you will financially protected from any loss/damage that you might face in any natural or manmade disaster.
To buy your Indian Motorcycle insurance from IFFCO-Tokio, you can either go to any of the IFFCO-Tokio offices, and buy your policy in person from there. Or you can go to the IFFCO-Tokio website and get you Indian Motorcycle insurance from there. Buying your Indian Motorcycle two-wheeler insurance is much more simples and saves your time and energy.
The two ways of buying your Indian Motorcycle two-wheeler insurance from IFFCO-Tokio are:
Go to any IFFCO-Tokio office where you will be assisted in buying the Indian Motorcycle insurance based on your requirements.
Buying your Indian Motorcycle insurance online takes just 3 simple steps-
Complete your login, provide your name, contact information, and bike details such as model and registration number. You will then be able to view all the Indian Motorcycle insurance plans in detail.
The comprehensive Indian Motorcycle bike insurance has additional features and various add-ons that you can include in your policy.
After selecting the Indian Motorcycle insurance and all the features you need, pay for the policy securely on the website and you will be able to receive your Indian Motorcycle bike insurance via mail.
Buying your Indian Motorcycle bike insurance plan is better because:
The process is less complicated, not too lengthy & saves lots of time and energy.
You can buy your Indian Motorcycle insurance whenever you want without facing any issue.
Buying your policy online requires only digital documentation, so no paper documentation is required.
This would depend on whether you go for a third-party Indian Motorcycle insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Indian Motorcycle 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:
Widen the coverage of your Indian Motorcycle bike insurance policy with our range of add-ons.
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 Indian Motorcycle 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 Indian Motorcycle two-wheeler insurance policy.
Premium is the cost of your insurance plan which you pay to enjoy bike insurance coverage. It is usually payable annually, except for 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 bike 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 Indian Motorcycle 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% every year.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Indian Motorcycle two-wheeler insurance policy using some very basic information. To calculate the premium, 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, and the BFSI Digital Innovation Award by Express Computers, Indian Express Group.
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, 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 best two wheeler insurance plan is provided by IFFCO Tokio.
Rated by: Ritu Aditya
I have taken my two wheeler insurance from IFFCO Tokio
Rated by: Pradeep Agarwal
I wanted to take two wheeler insurance for my new bike and I went through the hassle free process with IFFCO Tokio.
Rated by: Pooja aabnave
Its been 3 years I have got the two wheeler insurance policy from IFFCO Tokio and it is extremely good.
Rated by: Rakesh AGARWAL
I had a word with IFFCO Tokio executive and they explained me everything about the two wheeler insurance plan
Rated by: Sagar AGARWAL