Royal Enfield is one of the best bike brands in India. Royal Enfield is also known for making heavy and classic bikes like Royal Enfield Bullet, Meteor 350, Thunderbird 350, and so on. Royal Enfield Meteor is one of the latest bikes developed by the brand. The bike was launched in 2020 and has attracted a lot of buyers in the market.
If you are planning to buy the Royal Enfield Meteor, then you must know that it is mandatory for every vehicle owner to insure their vehicles as per Indian law. Hence, if you ride your bike without a proper Royal Enfield Meteor insurance policy, it is a legal offence. IFFCO-Tokio can help you in this regard with its well-designed Royal Enfield Meteor bike insurance plans that offer extensive coverage.
You can choose to buy one of the two types of Royal Enfield Meteor insurance policies that we offer, namely third-party Royal Enfield Meteor insurance plan and comprehensive insurance plan. With our Royal Enfield Meteor insurance coverage, you can ride your bike with true peace of mind.
Accidents can occur anytime and cause you heavy financial losses. This is why it is important for you to financially protect yourself with appropriate Royal Enfield Meteor insurance coverage. We, at IFFCO-Tokio, offer Royal Enfield Meteor bike insurance policies that keep you protected out on the road.
If you select a third-party Royal Enfield bike insurance policy, you will get covered for the third-party liabilities that arise in case of an accident.
If you opt for a comprehensive Royal Enfield Meteor bike insurance policy, you will be covered for third-party liabilities along with your own damages. A comprehensive Royal Enfield Meteor insurance policy also provides financial assistance if damages are caused to your bike due to a natural or man-made calamity.
There two ways to purchase a Royal Enfield Meteor bike insurance policy from IFFCO-Tokio. You can visit any of our branches and get a bike insurance policy. You can also buy Royal Enfield Meteor bike insurance policy online through our official website. Here are the steps to follow to buy a Royal Enfield Meteor insurance policy online:
Head over to our official website and fill up a few basic details about yourself and your bike.
Next, you will have to select a Royal Enfield Meteor insurance plan as per your requirements and budget. You can also customize your policy by including several add-ons if you choose a comprehensive coverage.
After you are done with these steps, you will have to make a payment on the site. You will then receive your Royal Enfield Meteor insurance policy in your email immediately!
You should buy a Royal Enfield Meteor two-wheeler insurance policy online for following reasons:
You do not need to keep the Royal Enfield Meteor two-wheeler insurance papers with yourself. They will be emailed to your inbox instantly.
The whole Royal Enfield Meteor two-wheeler policy buying process finishes in 3 easy steps.
You can buy a Royal Enfield Meteor insurance policy at any time that is convenient for you.
This would depend on whether you go for a third-party Royal Enfield Meteor insurance policy or a comprehensive Royal Enfield Meteor two-wheeler insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Royal Enfield Meteor 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 Royal Enfield Meteor two-wheeler insurance policy covers:
Here are some recommended add-ons that can widen the coverage of your Royal Enfield 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 Royal Enfield Meteor 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 Royal Enfield Meteor 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 Royal Enfield Meteor 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 Royal Enfield Meteor 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 Meteor two-wheeler insurance policy.
Premium is the amount you have to pay to enjoy bike insurance coverage. It is usually payable annually, except for the case of long-term Royal Enfield Meteor two-wheeler insurance plans, where it is usually paid once every 3 years.
The financial protection provided by your Royal Enfield Meteor 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 Royal Enfield Meteor two-wheeler insurance plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your Royal Enfield Meteor 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 Royal Enfield Meteor insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Royal Enfield Meteor 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%(FY21).
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, 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