Yamaha is one of the leading Japanese two wheeler brands operating in India. In 2020 alone, Yamaha sold more high-end bikes in India than any other company that operates in the same market segment. Their bikes are known to be strong, durable and luxurious at the same time.
Yamaha is the right type of bike to take your loved one on a long ride but before you do so, ensure that you have a Yamaha YZF-R1 two-wheeler insurance policy to protect you when you drive on streets. As per the Motor Vehicles Act, 1988, every vehicle owner has to buy a motor insurance policy before their vehicles are driven on roads. IFFCO Tokio has the best Yamaha YZF-R1 two-wheeler insurance plans to protect you financially if an accident happens unfortunately.
Two types of bike insurance covers are available in India: a basic third party insurance cover and a comprehensive Yamaha YZF-R1 two-wheeler insurance policy. You can get various add-ons to improve the insurance coverage of your bike. IFFCO Tokio provides the insurance plans that suit your needs and fit your budget at the same time.
You cannot be certain you will never meet any road mishap, even if you have confidence in your driving skills. Hence, you should get a proper bike insurance policy. Yamaha YZF-R1 two-wheeler insurance plans from IFFCO Tokio will financially cover you if your bike is involved in a road accident. When you buy an insurance policy from IFFCO Tokio for your bike, you get something that you would not get anywhere else: peace of mind.
If you opt for a third party Yamaha YZF-R1 insurance policy, you will be financially covered if your bike causes damage to the third party in an unfortunate accident.
If you opt for a comprehensive coverage Yamaha YZF-R1 bike insurance policy, you will get all the benefits of third party bike insurance policy. And along with that, you will get coverage for damage that happens to your bike due to natural and manmade calamities like earthquake, flood, tsunami, theft, burglary or riots.
You can head over to a IFFCO Tokio office near you and buy an Yamaha YZF-R1 two-wheeler insurance policy with the help our employees there or visit the IFFCO Tokio website and buy the insurance policy online. The website is easy to navigate and you can buy any policy in 3 easy steps from there.
The 2 ways to buy Yamaha YZF-R1 insurance policy online are:
Buy a Yamaha YZF-R1 insurance policy from the nearest IFCO Tokio office. Take help of our employees if a need arises.
Visit the IFFCO Tokio website and follow 3 easy steps to buy a Yamaha YZF-R1 insurance policy:
Visit our website and login using your name and mobile number. Enter your bike registration number and model number to proceed. Once you do this, the website will show different Yamaha YZF-R1 insurance plans.
Select a Yamaha YZF-R1 bike insurance policy that suits your needs the best and fits within your budget. Select add-ons that improve the coverage of your bike.
Once you select a policy, you can head towards checkout, and pay Yamaha YZF-R1 bike insurance policy money securely and conveniently using online payment methods. Subsequently, the policy papers will be delivered to your inbox instantly!
You should buy a Yamaha YZF-R1 two-wheeler insurance policy online for the following reasons:
You do not need to keep a paper trail of your Yamaha YZF-R1 two-wheeler insurance policy as the policy papers will be emailed to you instantly!
You can buy the Yamaha YZF-R1 insurance policy online whenever it is convenient for you.
This would depend on whether you go for a third-party Yamaha YZF-R1 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 YZF-R1 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 YZF-R1 two-wheeler insurance policy covers:
Here are some recommended add-ons that can widen the coverage of your Yamaha YZF R1 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 YZF-R1 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 YZF-R1 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 YZF-R1 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 YZF-R1 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 YZF-R1 two-wheeler insurance policy.
Premium is the cost of your Yamaha YZF-R1 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 YZF-R1 two-wheeler insurance plans, where it is usually paid once every 3 years.
The financial protection provided by your Yamaha YZF-R1 two-wheeler insurance policy is known as coverage. The coverage of a bike insurance policy will vary based on the insurance provider and the type of Yamaha YZF-R1 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 YZF-R1 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 YZF R1 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 YZF-R1 two-wheeler insurance policy using some very basic information. To calculate the premium of your Yamaha YZF-R1 two-wheeler insurance plan, 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. 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 through your Yamaha YZF-R1 two-wheeler insurance policy, 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