Yamaha is one of the well-known bike makers in India. They make some of the most masculine and trendsetting bikes out on the roads. The Yamaha FZ, in particular, is one of the brand’s most popular models thanks to its reliability, ruggedness and durability.
If you have decided to buy the Yamaha FZ, you are making a great choice. But before you take your bike out for a spin, you will have to buy a Yamaha FZ bike insurance policy. The Motor Vehicles Act, 1988, makes it mandatory for every bike owner in the country to have at least liability insurance for their vehicles. This is where IFFCO Tokio can step in to help you.
While getting a Yamaha FZ bike insurance policy, you can either choose a third-party insurance policy or a comprehensive coverage policy. IFFCO Tokio offers well-designed Yamaha FZ insurance policies that will keep you truly protected.
Accidents can happen suddenly and leave you facing huge repair bills. This makes it essential for you to get a Yamaha FZ insurance policy that provides good coverage. With IFFCO Tokio, you can get coverage that keeps your finances safe if things go awry.
Our third-party Yamaha FZ insurance plan will cover the financial and legal liabilities towards the third party in case of an unfortunate accident. If you buy our comprehensive Yamaha FZ insurance plan, you get coverage for third-party liabilities and own damages.
And, that’s not all. Comprehensive Yamaha FZ insurance also covers you against natural and manmade calamities such as fire, flood, earthquakes, theft, and so on. That is true protection so you can breathe easy!
You can buy the Yamaha FZ insurance policy in one of two ways. Head over to any IFFCO Tokio office and get help in completing all the formalities of getting an insurance policy. Or, visit the IFFCO Tokio website to buy the Yamaha FZ insurance online. All you have to do is follow 3 simple steps:
Go to our website and fill in your name and your phone number in the required fields. After doing this, fill in the details about your bike. You will then get a suitable Yamaha FZ bike insurance policy.
Choose between third-party and comprehensive Yamaha FZ insurance. If you select a comprehensive Yamaha FZ bike insurance policy, you may further explore our wide range of add-ons.
Once you’ve chosen the Yamaha FZ insurance, complete the payment of your Yamaha FZ insurance policy and get the insurance documents delivered to your inbox.
Buying the Yamaha FZ bike insurance policy online is:
The entire process of buying a policy online can be done with just a few clicks
There is no need to maintain paper documents when you buy a Yamaha FZ bike insurance policy online
This would depend on whether you go for a third-party Yamaha FZ two-wheeler insurance policy or a comprehensive Yamaha FZ insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Yamaha FZ 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 Yamaha FZ two-wheeler insurance policy covers:
Here are some recommended add-ons that can widen the coverage of your Yamaha FZ 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 Yamaha FZ 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 Yamaha FZ 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 Yamaha FZ 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 Yamaha FZ two-wheeler insurance policy. This will ensure that you get complete reimbursement for part replacements in case of an accident without any depreciation deduction. Great, isn’t it?
You should be aware of the following bike insurance terms before you buy the Yamaha FZ two-wheeler insurance policy.
Premium is the cost of your Yamaha FZ 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 Yamaha FZ two-wheeler insurance plans, where it is usually paid once every 3 years.
The financial protection provided by your Yamaha FZ two-wheeler insurance policy is known as coverage. The coverage of a Yamaha FZ insurance policy will vary based on the insurance provider and the type of Yamaha FZ two-wheeler insurance plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your Yamaha FZ 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 Yamaha FZ insurance plan.
It’s simple! Just use our two-wheeler insurance premium calculator. This online tool allows you to check the premium of your Yamaha FZ 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.
The add-ons on my IFFCO-Tokio comprehensive two-wheeler insurance plan are great.
Rated by: Deepak Parikh
IFFCO-Tokio provides great comprehensive insurance plans!
Rated by: Vaishali Kadam
IFFCO-Tokio has so many network garages so taking my bike insurance plan from them was a smart decision.
Rated by: Anjan Bhawalkar
I was looking for quotes on bike insurance policies and IFFCO-Tokio provided the best deal.
Rated by: Tapan Hinduja
I got my Honda Hornet insured by IFFCO-Tokio and I am very happy with my decision.
Rated by: Rohit Mehta