Royal Enfield is name that carries a great legacy and heritage with it. It is a name that has been synonymous with sturdiness, durability, and most importantly, it is an embodiment of the free spirit of the rider who rides their bike. For a company that began its journey by supplying bikes primarily to the Indian Army and abroad as well, it has come a far way, especially due to growing popularity among the masses over the last few decades.
When you buy a Royal Enfield bike, you are in a way expanding its rich legacy. Royal Enfield offers bikes such as the iconic Royal Enfield Classic, Royal Enfield Bullet and the modern models such as Royal Enfield Himalayan and Royal Enfield Meteor. At the same time that you are looking to buy a piece of royalty, it would be better to buy a Royal Enfield two-wheeler insurance with it as well. The Motor Vehicles Act of 1988 states that it is mandatory to own at least a basic third-party bike insurance for you to be able to ride on Indian roads. IFFCO-Tokio is the place from where you would be able to buy the best bike insurance plan.
You have the option of buying a basic Royal Enfield two-wheeler insurance, which is a third-party insurance, or you can buy a comprehensive Royal Enfield two-wheeler insurance that offers extensive coverage with additional features and is the choice of most bikers. IFFCO-Tokio offers the best assistance when looking to buy Royal Enfield two-wheeler insurance.
Royal Enfield bikes are huge and strong in appearance and performance, but no amount of toughness is going to protect you from any unfortunate mishaps. And as precaution is better than cure, it would benefit you to get a Royal Enfield two-wheeler insurance from IFFCO-Tokio.
The basic Royal Enfield bike insurance plan, which is a third-party plan, offers you financial coverage for any legal and financial liabilities for any damages that the third-party has faced in case of an accident.
The comprehensive Royal Enfield insurance plan provides more extensive financial coverage to you as well apart from the third-party. The financial coverage will cover you in the event of any natural or manmade calamity such as earthquake, storm, theft, riot, etc.
In order to buy a Royal Enfield insurance, you can visit any IFFCO-Tokio branch in person and get assistance to buy the best insurance possible. On the other hand, it would be more suitable for you to buy the Royal Enfield insurance by simply visiting the IFFCO-Tokio website.
Here are the two ways in which you could buy a Royal Enfield two-wheeler insurance plan from IFFCO-Tokio:
Visit your nearest IFFCO-Tokio branch and the customer representative would provide assistance in selecting the best Royal Enfield insurance plan based on your needs.
You can visit the IFFCO-Tokio website and buy a Royal Enfield insurance in just 3 steps-
On the website, you can log in, then provide your name and number, then fill up details like the bike’s model and its registration number, which will let you see the Royal Enfield insurance plans.
The comprehensive Royal Enfield insurance plan lets you add additional features and various add-ons to it.
After you have submitted all the details and select all the features you want in your insurance, just finish the payment procedure for the policy and you will receive your Royal Enfield bike insurance plan via mail.
The benefits of buying a Royal Enfield bike insurance plan are:
You can buy the insurance plan from the comfort of your home and that too with just a few clicks.
You can buy Royal Enfield insurance whenever you want, be it day or night.
Digital copies of documents makes a less mess compared to having hard copies lying everywhere.
This would depend on whether you go for a third-party Royal Enfield insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Royal Enfield 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 Royal Enfield 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 Royal Enfield 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 Royal Enfield 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 Royal Enfield 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 Royal Enfield 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.
I went through the simple process. I did not need to do much things to buy bike insurance plan from IFFCO Tokio.
Rated by: Alakshita Mishra
I thank IFFCO Tokio for their wonderfully designed two wheeler insurance plans.
Rated by: Vignesh Chandrashekara
I am very happy with IFFCO Tokio Two wheeler insurance.
Rated by: Sachin Koranne
The customer executive helped me with two wheeler insurance nicely.
Rated by: Abhay Suryakant Parkar
IFFCO Tokio has the answer to all your queries related to IFFCO Tokio.
Rated by: Ajaya Kiran