KTM is an Austrian motorcycle manufacturer, which specializes in off-road motorbikes as well as street motorcycles. KTM was founded in 1934 by Hans Trunkenpolz in the Austrian of Mattighofen, and was known by the name ‘Kraftfahrzeuge Trunkenpolz Mattighofen’. In 1951, Ernst Kronrief became a shareholder in the company and the name changed to Kronrief and Trunkenpolz Mattighofen. In 1991, KTM filed for bankruptcy and got split into 4 separate entities, and by 1992, KTM Sportmotorcycle AG is formed and goes back to producing motorcycles.
KTM has been in a major part of the Indian two-wheeler industry since 2012, after Bajaj Auto bought became shareholder in the company, which led to KTM’s entry in India. Ever since then KTM has launched many popular models from which you can choose, such as KTM RC 390, KTM Duke 250 and many more. While you are browsing through the KTM catalogue, you should also getting a KTM two-wheeler insurance. For you to be able to ride on the Indian roads, you need to have at least a basic third-party bike insurance, as per the Motor Vehicles Act of 1988. With IFFCO-Tokio, you can get the best insurance for your bike.
When looking to buy an insurance policy, you can go for a basic third-party KTM two-wheeler insurance policy, or you can got for a comprehensive KTM two-wheeler insurance policy which has many additional features aside from its extensive financial coverage, which is why it is preferred by most bikers. IFFCO-Tokio helps you in getting the KTM two-wheeler insurance policy that suits your needs.
As a rider, it is your responsibility to adhere to all of the laws when riding. But there is no guarantee that the person next to you may think the same, and this could lead to dangerous mishaps. To help yourself stay protected financially from such mishaps and its consequences, you should get a KTM two-wheeler insurance from IFFCO-Tokio.
A KTM bike insurance plan is a basic third-party bike insurance that covers your financial and legal liabilities towards the third-party in case of an accident.
However, a comprehensive KTM bike insurance plan offers financial coverage to both you and the third-party in case of any loss/damage that might happen due to any natural or manmade calamity such as theft, earthquake, flood.
You can buy KTM insurance from any of the IFFCO-Tokio offices by visiting them in person and getting help in selecting the policy as per your liking. Or you can just simply go to the IFFCO-Tokio website and buy your KTM insurance from there. With an easy and quick process, you will be able to get your KTM two-wheeler insurance policy in just a few clicks.
To buy your KTM two-wheeler insurance policy from IFFCO-Tokio, you can:
Visit any of the IFFCO-Tokio branch near you, and you will be given the best help possible in selecting the KTM insurance based on your budget.
Alternatively, you can get your KTM insurance from IFFCO-Tokio’s website in 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 KTM insurance plans in detail.
When you select the comprehensive KTM bike insurance plan, you will be able to include the various add-ons that the policy has to offer.
After you have customized your KTM insurance, all that’s left for you to do is to pay for the policy. Once the payment is done, you will receive your KTM bike insurance plan via mail.
You should consider buying your KTM bike insurance plan online because:
The process of buying the policy online is less time consuming and happens in a few clicks.
If you feel like buying your KTM insurance late at night, you will be able to do that as there are no time restrictions.
Since the entire process takes place online, all the required documents have to be submitted in the digital format only.
This would depend on whether you go for a third-party KTM insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive KTM 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 KTM 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 KTM 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 KTM 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 KTM 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 KTM 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.
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