Yamaha is a Japanese automotive powerhouse that has been one of the dominators of the two-wheeler industry for more than a half century. Established in 1955, it has been one of the preferred choices in Japan among its competitors. Having entered in the Indian two-wheeler market in 1985, Yamaha has been able to build a strong consumer base for itself over many years. As it keeps expanding in India, so do the number of its loyal customers.
Yamaha FZ, Yamaha YZF R15, Yamaha Ray-Z, Yamaha Fascino are some of its well established models that you can select from as your first Yamaha bike. And while you’re looking to buy a Yamaha bike, it would also benefit you to buy a Yamaha two-wheeler insurance with it. It is mandatory that you own at least a basic third-party bike insurance in order to ride on Indian rides, as per the Motor Vehicles Act of 1988. At IFFCO-Tokio, you will be able to buy the best bike insurance policy that would suit your needs.
You have the option of buying a basic third-party Yamaha two-wheeler insurance policy or, you can buy a comprehensive Yamaha two-wheeler insurance policy, which is the preferred choice of most bikers. You will be able to buy the best Yamaha two-wheeler insurance as per requirements from IFFCO-Tokio.
Being careful and cautious while riding your bike is necessary by default, but no matter how many safety measures you try take, accidents are something that are unfortunately inevitable. So even if you won’t be able to predict such incidents, you could be prepared for it by buying a Yamaha two-wheeler insurance plan from IFFCO-Tokio.
Choosing a basic third-party Yamaha bike insurance plan will cover your legal and financial liabilities towards the third-party in case of an accident.
Choosing a comprehensive Yamaha bike insurance plan will provide financial coverage both to you and the third-party as well in case of any loss/damage that you might face due to any natural/manmade disaster.
To buy your Yamaha insurance, you can visit any IFFCO-Tokio office and get the necessary help in buying it. Alternatively, you can visit the IFFCO-Tokio website and buy your Yamaha insurance online. And since it is online, that means the process is less complicated and you can get your Yamaha two-wheeler insurance in just a few clicks.
Here’s how you can buy your Yamaha two-wheeler insurance from IFFCO-Tokio:
You can go to an IFFCO-Tokio office and buy your Yamaha insurance in person with the help of IFFCO-Tokio executive.
You can visit the IFFCO-Tokio website and become the owner of your Yamaha insurance by following these 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 Yamaha insurance plans in detail.
Here, you will be able to customize the Yamaha bike insurance plan as per your needs by adding additional features and add-ons.
After you have submitted all the details and select all the features you want in your Yamaha insurance, just finish the payment procedure for the policy and you will receive your Yamaha bike insurance plan via mail.
You should buy your Yamaha bike insurance plan for the following reasons:
You get to buy your policy in just a few clicks from the comfort of your house.
Buying a Yamaha insurance doesn’t have any time limit.
Due to the process being completely online, you don’t have to worry about having multiple copies of your documents with you.
This would depend on whether you go for a third-party Yamaha insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Yamaha 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 Yamaha 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 Yamaha 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 Yamaha 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 Yamaha 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 Yamaha 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.
Rated by: Ritu Aditya
I have taken my two wheeler insurance from IFFCO Tokio
Rated by: Pradeep Agarwal
I wanted to take two wheeler insurance for my new bike and I went through the hassle free process with IFFCO Tokio.
Rated by: Pooja aabnave
Its been 3 years I have got the two wheeler insurance policy from IFFCO Tokio and it is extremely good.
Rated by: Rakesh AGARWAL
I had a word with IFFCO Tokio executive and they explained me everything about the two wheeler insurance plan
Rated by: Sagar AGARWAL