Yamaha has consistently produced thoughtfully engineered vehicles and as a result, they are a pretty popular motorcycle manufacturer in India. The Yamaha Ray-Z is one such scooter that has been built to produce results in Indian driving conditions and is also stylish in its appearance.
Buying Yamaha Ray-Z is a very good decision. However, before you head out to ride your scooter, you need to make sure you have an apt Yamaha Ray-Z insurance policy as the Motor Vehicles Act, 1988, makes it mandatory for every bike owner in the country to have at least liability insurance for their vehicle. IFFCO-Tokio with its wide range of Yamaha Ray-Z bike insurance policies can be of immense help for you in this regard.
There are namely two types of Yamaha Ray-Z insurance policies for you to choose from, a third-party Yamaha Ray-Z bike insurance policy and a comprehensive Yamaha Ray-Z bike insurance policy. IFFCO-Tokio’s well-thought insurance policies truly give you peace of mind with their extensive coverage.
Accidents are unpredictable and when they occur, they can leave you with a huge bill of repair. Hence, it is crucial to get yourself an apt Yamaha Ray-Z insurance policy that can provide the required coverage. The Yamaha Ray-Z insurance policy offered by IFFCO-Tokio can cover you and your bike and by doing so, can give the rider peace of mind.
The third-party Yamaha Ray-Z insurance policy that IFFCO-Tokio offers protects you against the financial and legal liabilities that the third party incurs in an accident. Alternatively, if you decide to buy the comprehensive Yamaha Ray-Z insurance policy, you would be covered for the third-party losses and also for the damages that befall your bike in the accident.
Furthermore, a comprehensive Yamaha Ray-Z insurance policy would also cover you against the bike damages that are caused by natural and man-made calamities such as thefts, floods, earthquakes, etc.
The Yamaha Ray-Z insurance policy can be bought either offline or online. Visit the IFFCO-Tokio office and with assistance from our sales team pick the Yamaha Ray-Z insurance policy that suits you the best. Or, conveniently visit the IFFCO-Tokio’s website and buy the policy online. If you wish to get your policy online, just follow these 3 simple steps -
Visit our website and enter a few details about yourself like name, number, etc., you would even be required to fill in a few details about your bike. After doing so, you will be shown the Yamaha Ray-Z insurance policies that are suitable for you.
Select the Yamaha Ray-Z insurance policy that suits your needs and budget. If you opt to buy a comprehensive Yamaha Ray-Z insurance policy, you can even choose to include various add-ons in your insurance plan and extend the coverage.
Once you have selected and finalized your Yamaha Ray-Z insurance policy, proceed to make the payment on our secure website. After the transaction has been completed, the policy will be emailed to you instantly.
We would be extremely happy to serve you personally. However, buying your policy online will allow you to enjoy the following benefits -
The process of buying your policy online is very easy and can be completed in just a few clicks.
The Yamaha Bike Insurance Online policy can be bought at your convenience at any time.
You do not need to maintain a paper trail when you buy the policy online.
This would depend on whether you go for a third-party Yamaha Ray-Z bike insurance policy or a comprehensive Yamaha Ray-Z two-wheeler insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Yamaha Ray-Z 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 comprehensive Yamaha Ray-Z two-wheeler insurance policy covers:
Here are some recommended add-ons that can widen the coverage of your Yamaha Ray-Z 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 Ray-Z 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 Ray-Z 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 Ray-Z 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 Ray-Z 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 Ray-Z two-wheeler insurance policy.
Premium is the cost of your Yamaha Ray-Z bike 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 Ray-Z two-wheeler insurance plans, where it is usually paid once every 3 years.
The financial protection provided by your Yamaha Ray-Z two-wheeler insurance policy is known as coverage. The coverage of a Yamaha Ray-Z bike insurance policy will vary based on the insurance provider and the type of Yamaha Ray-Z 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 Ray-Z 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 Ray-Z insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Yamaha Ray-Z 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.
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