Tunwal Electric is an Indian two-wheeler manufacture which is based in Pune. It was established in 2013 and is one of the independent players in the electric scooter market. Since their inception, they have managed to produce a huge number of their popular scooters and are always in huge demand due to the quality of their scooters, their service and their price.
Tunwal Electric has many popular models of its scooters that are always in demand among people looking to buy electric scooters. If you are looking to finally make your switch to the electric scooter segment, Tunwal Electric is the best option that you can go for. Another thing that will go better with your new Tunwal Electric bike is the Tunwal Electric Bike two-wheeler insurance policy. You need to own at least a basic third-party bike insurance, as per the Motor Vehicles Act of 1988, to be eligible to ride on Indian roads. IFFCO-Tokio provides the best options of insurance policy for electric bikes.
A basic third-party Tunwal Electric Bike two-wheeler insurance plan gives you basic financial coverage and features, but the comprehensive Tunwal Electric Bike two-wheeler insurance policy will give you extra features and benefits and is the most sought-after policy in the market. And IFFCO-Tokio will help you in getting Tunwal Electric Bike two-wheeler insurance that fits your budget.
Accidents happen unannounced and out of the blue. You can take all the precautions and all the safety measures when riding your bike, but you can never be predict the worst-case scenario. You can, however, be prepared for it by investing in Tunwal Electric Bike two-wheeler insurance, and getting it from IFFCO-Tokio is the best option.
Getting the basic third-party Tunwal Electric Bike insurance plan gives you financial coverage for the legal and financial liabilities for any damages that the third-party might face in an accident.
But getting the comprehensive Tunwal Electric Bike insurance plan financially covers both you and the third-party, and you will be financially protected from any loss/damage that you might face due to any natural/manmade disaster.
You can get your Tunwal Electric Bike insurance in person by going to the IFFCO-Tokio office, or you can get it more conveniently by going to the IFFCO-Tokio website and buying your Tunwal Electric Bike insurance from there. Buying your Tunwal Electric Bike two-wheeler insurance online is much easier.
Here’s how to buy your Tunwal Electric Bike two-wheeler insurance from IFFCO-Tokio:
Visit the local IFFCO-Tokio office and you get the best help in buying your Tunwal Electric Bike insurance.
Get your Tunwal Electric Bike insurance online in 3 steps-
On the website, first log-in, then submit your contact details and your bike details like its model and registration number. Submit these details to view the Tunwal Electric Bike insurance plans.
Going for the comprehensive Tunwal Electric Bike insurance plan will be beneficial for you due to its additional features.
After selecting your Tunwal Electric Bike insurance, finish paying for the policy. You will receive your Tunwal Electric Bike insurance plan via mail.
It’s better to buy your Tunwal Electric Bike insurance plan online because-
The process of buying the insurance online is much easier, seamless and less complicated.
You can buy your Tunwal Electric Bike insurance whenever you want, be it day or night.
There is no need for physical copies of the required documents as the whole process happens online.
This would depend on whether you go for a third-party Tunwal Electric Bike insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Tunwal Electric Bike 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 Tunwal Electric 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 Tunwal Electric Bike 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 Tunwal Electric Bike 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 Tunwal Electric 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 Tunwal Electric Bike 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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