Yamaha is one of the most well-known bike makers in the world. The Yamaha YZF R15 is popular in India thanks to its reliability and ruggedness while treading on Indian roads. Many bikers have preferred this bike due to which it has become quite a common sight on the Indian roads.
But before you take it for a spin, you will have to buy a Yamaha YZF R15 bike insurance policy. This is because the Motor Vehicles Act of 1988 mandates every bike owner to buy a motor insurance policy before riding their bikes. If you haven’t got a Yamaha YZF R15 insurance cover for your bike, know that IFFCO Tokio has well-designed Yamaha YZF R15 insurance policies to provide complete coverage.
While getting a Yamaha YZF R15 bike insurance policy, you can either choose a third-party Yamaha YZF R15 insurance policy or a comprehensive Yamaha YZF R15 insurance policy. Getting the former policy is mandatory but if you go for the latter policy then you will get wide coverage with more add-ons.
No matter how good your driving skills are, mishaps can occur at any time. This makes it essential for you to get a Yamaha YZF R15 insurance policy that will provide you with decent coverage. IFFCO-Tokio’s Yamaha YZF R15 insurance will help you get the financial protection you need in the unfortunate event of an accident.
Our third-party Yamaha YZF R15 bike 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 YZF R15 bike insurance plan, you get coverage for third-party adversity as well as for you and your bike against natural calamities like earthquakes, floods, and man-made calamities like theft, riots, burglary.
As mentioned earlier, the third-party insurance plan is the least and mandatory plan you can get for your Yamaha YZF R15. But many people opt for our comprehensive Yamaha YZF R15 bike insurance policy as it offers a wider coverage and lessens the burden about the safety of your bike off your shoulders.
You can buy the Yamaha YZF R15 insurance policy in one of the two ways—
Head over to any IFFCO Tokio offices and get help in completing all the formalities of getting an insurance policy.
Or head to the IFFCO Tokio website to buy the Yamaha YZF R15 bike insurance plan 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 YZF R15 bike insurance policy.
Once you choose the policy of your choice, you can buy various add-ons to customize the policy of your bike to your taste.
Once you’ve chosen the policy and the add-ons then complete the payment of your Yamaha YZF R15 insurance policy and the policy documents will be mailed to your inbox.
Buying the Yamaha YZF R15 bike insurance policy online gives you these benefits:
The policy buying process is easy enough to be completed in 3 steps.
The Yamaha bike insurance policy can be brought conveniently from anywhere and anytime.
The policy documents will land in your inbox directly which means no need to handle a messy load of paperwork.
This would depend on whether you go for a third-party Yamaha YZF R15 two-wheeler insurance policy or a comprehensive Yamaha YZF R15 insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Yamaha YZF R15 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 R15 two-wheeler insurance policy covers:
Here are some recommended add-ons that can widen the coverage of your Yamaha YZF R15 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 R15 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 R15 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 R15 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 R15 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 YZF R15 two-wheeler insurance policy.
Premium is the cost of your Yamaha YZF R15 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 R15 two-wheeler insurance plans, where it is usually paid once every 3 years.
The financial protection provided by your Yamaha YZF R15 two-wheeler insurance policy is known as coverage. The coverage of a Yamaha YZF R15 insurance policy will vary based on the insurance provider and the type of Yamaha YZF R15 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 R15 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 R15 insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Yamaha YZF R15 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