Piaggio is an Italian manufacturer of scooters and bikes established in 1887. Initially established as a timber manufacturing factory, they moved into manufacturing aircrafts, locomotives, trams, trucks, trolleys among many things. It was after the World War II that Piaggio moved to manufacturing their own scooters in 1946, and almost of their scooters became instantly popular not just in Italy but around the world. And after 137 years since their inception, Piaggio is still going strong globally.
Piaggio has had 2-3 stints in the Indian two-wheeler and three-wheeler industry since the 1960s, eventually making a comeback on its own, offering many of its iconic as well as its modern vehicles to the Indian consumer. You have a variety of options to choose from, but you should never compromise when looking to a get a Piaggio two-wheeler insurance that is necessary for you. As per the Motor Vehicles Act of 1988, you need to own at least a basic third-party bike insurance in order to ride on Indian roads. At IFFCO-Tokio, you will get the best insurance that will keep you financially protected.
You can opt for a basic third-party Piaggio two-wheeler insurance policy, which is mandatory, or you can go for the comprehensive Piaggio two-wheeler insurance policy that is the go-to option for most riders. IFFCO-Tokio will help you in getting the Piaggio two-wheeler insurance that suits your needs.
A bike is a machine, and a machine can be controlled by a man efficiently only up-to a point. Beyond that limitation, when machines go out of our control, there isn’t much we can do than expect to be as safe as possible. You may not be able to predict any accident that might happen with you, but you can always be prepared beforehand by investing in a Piaggio two-wheeler insurance plan from IFFCO-Tokio.
The first policy that you can go for is a basic third-party Piaggio bike insurance plan, which provides financial coverage for the legal and financial liabilities for the damages that third-party might face due to an accident.
The second policy is the comprehensive Piaggio bike insurance plan that will provide financial coverage to you as well as the third-party, and keeps you financially protected in case of any loss/damage that you might face due to any natural/manmade calamity.
To get your Piaggio insurance, you have the option of visiting any IFFCO-Tokio office in-person and buying your insurance policy from there. Or, you can simply buy your Piaggio insurance directly from the IFFCO-Tokio website as per your convenience. The online process is quite easier and you’ll get your Piaggio two-wheeler insurance in just a few clicks.
These are the ways of buying your Piaggio two-wheeler insurance from IFFCO-Tokio-
Go to an IFFCO-Tokio branch located near you, and you will be provided with the best assistance in buying your Piaggio insurance.
Get your Piaggio insurance online in just 3 easy 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 Piaggio insurance plans in detail.
The comprehensive Piaggio bike insurance plan gives you more additional features and various add-ons from which you can benefit.
After selecting the Piaggio insurance of your choice, all that’s left is to pay for the insurance policy. Once that is done, you will receive your Piaggio bike insurance plan via mail.
There are many benefits of buying your Piaggio bike insurance plan online, such as:
Buying your insurance policy online saves time, energy, and can be done easily from your home or office.
You can get your Piaggio insurance any time of the day you want without any restrictions.
As the whole process happens online, only digital documentation is required and no need for physical documentation.
This would depend on whether you go for a third-party Piaggio insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Piaggio 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 Piaggio 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 Piaggio 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 Piaggio 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 Piaggio 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 two wheeler insurance premium calculator. This online tool allows you to check the premium of your Piaggio 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 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