Suzuki is one of the most trusted brands when it comes to good and reliable motorcycles that are suited for all kinds of commutes. Suzuki V-Strom is a middleweight adventure motorbike that offers a comfortable ride and easy handling for thrill-seeking tourers. The bike is also known for its excellent performance and mileage - making it an excellent choice for the Indian roads.
Buying a Suzuki V-Strom is definitely a good choice, but remember when you buy it, you must get your Suzuki V-Strom insurance before taking it on a ride. It is mandatory as per the Motor Vehicles Act, 1988 for every bike owner to have their vehicle insured. Bike insurance offers financial assistance if you face an unforeseen event while riding your bike. IFFCO-Tokio can help you in this regard with its well-designed Suzuki V-Strom insurance policies that offer extensive coverage.
You can select a Suzuki V-Strom bike insurance policy according to your preference with IFFCO-Tokio. There are two main types of insurance policies available - namely third-party Suzuki V-Strom insurance policy and comprehensive Suzuki V-Strom insurance policy. Choose the one that suits your need for coverage and budget.
Bike owners must buy a motor insurance policy as per the Motor Vehicles Act, 1988. A Suzuki V-Strom bike insurance policy offers you much-needed financial assistance during accidents. This can truly protect your savings.
If you choose to buy a Suzuki V-Strom insurance policy from IFFCO-Tokio, you can decide on a suitable plan based on your requirements. We offer two types of bike insurance policies to motorists namely, the standard third-party insurance policy and the comprehensive insurance policy.
The third-party Suzuki V-Strom insurance policy will secure you from third-party liabilities that may arise if you face an unforeseen road event that involves a third party or property. And the comprehensive Suzuki V-Strom insurance policy offers protection against personal damages along with third-party liabilities that arise due to an accident. This type of policy also secures the vehicle owner against damages and losses caused by natural and manmade disasters.
You can walk into one of IFFCO-Tokio’s branches to buy a Suzuki V-Strom insurance policy in person or make an online purchase. You will just need to follow these three simple steps to complete the entire online procedure of buying a Suzuki V-Strom bike insurance policy:
Once on our website, enter the details as requested. These details include your name, mobile number, email address, bike’s make and model, city of registration, and so on.
Select a plan that seems to be perfect for your budget and requirements. You can also choose to include additional covers in your Suzuki V-Strom insurance plan if you choose a comprehensive cover.
After you select a Suzuki V-Strom insurance policy, complete the online payment using your debit or credit card or other modes of payment comfortable to you. Your Suzuki V-Strom bike insurance policy will then be mailed to you in immediately!
If you choose to buy Suzuki V-Strom bike insurance online, you can enjoy the following benefits:
Buy the insurance policy by navigating through the simple online process
Purchase the Suzuki V-Strom insurance policy at anytime and anywhere convenient to you
The policy gets mailed to your mentioned email address, hence eliminating the need of maintaining a complicated paper trail
This would depend on whether you go for a third-party Suzuki V-Strom bike insurance policy or a comprehensive Suzuki V-Strom two-wheeler insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Suzuki V-Strom 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 Suzuki V-Strom two-wheeler insurance policy covers:
Here are some recommended add-ons that can widen the coverage of your Suzuki 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 Suzuki V-Strom 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 Suzuki V-Strom 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 Suzuki V-Strom 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 Suzuki V-Strom 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 Suzuki V-Strom two-wheeler insurance policy.
Premium is the cost of your Suzuki V-Strom insurance policy. It is the amount you have to pay to enjoy bike insurance coverage. It is usually payable annually, except for the case of long-term Suzuki V-Strom two-wheeler insurance plans, where it is usually paid once every 3 years.
The financial protection provided by your Suzuki V-Strom two-wheeler insurance policy is known as coverage. The coverage of a Suzuki V-Strom insurance policy will vary based on the insurance provider and the type of Suzuki V-Strom two-wheeler insurance plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your Suzuki V-Strom 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 Suzuki V-Strom insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Suzuki V-Strom 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 with 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.
If things go wrong with my Bike I know Iffco Tokio has me covered.
Rated by: Rahul Kapoor
I will recommend Iffco Tokio motor insurance plan to all of my friends.
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Rated by: Aarti Desai
Easy claim settlement
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