Bike Insurance Online at Rs 1.5 per day - Buy/Renew Two Wheeler Policy (2024)

Bike Insurance

Bike Insurance or two wheeler insurance is a type of insurance, which safeguards you against the damage happening to your bike due to accidents, natural calamities and other unfortunate events. Bike Insurance policy covers the cost of treatment as well as third party liabilities.

Here are main features of motorcycle /bike insurance –

• Coverage for your Bike

• Personal Accident Coverage for you

• Coverage against Third Party Liability

• Cashless Claim Settlement

• 1 Legal Requirement :Having a bike insurance plan is compulsory as per the Motor Vehicles Act 1988.
• 2 Provide Financial Security by Covering Repair Costs :A bike insurance policy ensures that your vehicle is restored to its original condition without putting a dent in your finances.
• 3 Covers Third-Party Liabilities :Bike insurance plan will cover your legal liability for third party losses.

Few reasons to consider IFFCO Tokio Bike Insurance :

• Cashless Claim across Network Garages

• High Claim Settlement Ratio

• Reliable 24*7 Support

• 23 Years of Serving Insurance

• 4.8 Customer Rating

Inclusions: Coverage Offered by Our Bike Insurance Policy

The coverage in your bike insurance policy depends on the type of policy that you have selected. IFFCO Tokio Comprehensive Bike Insurance cover the following types of financial liabilities :

Exclusions: What’s Not Covered By Our Bike Insurance Policy?

Bike Insurance plans have a standard set of exclusions that are not covered by the policy. Let us look at some of the situations in which case your bike insurance policy will not be covering the damages caused to your bike :

• Damages while riding under the influence of drugs or alcohol

• Damage due to the driver's negligence

• Wear and tear of the bike

• Mechanical or electrical breakdown

• Damage during war and similar conditions

How to File a Claim for your IFFCO Tokio Bike Insurance Policy

You have multiple options to register a claim for yourBike Insurance :

• QCS - (Mobile App)

• Telephonic (Call Centre)

• Online (Website)

Let’s check these steps in detail –

Register a claim via QCS App :

QCS, or Quick Claim Settlement, applies to minor claims of under Rs. 50,000. Simply upload the necessary documents on the app, and upon approval, your claim will be settled promptly.

Register a claim via Call Centre :

You can register a claim for compensation online or by reaching us on 1800-103-5499 or 0124- 4285499. Our customer care executives will guide you with the further procedure.

Register a claim via Website :

To make a claim online, visit our website, then log in with your registered Email ID and Password. When you log in, just click on find the ‘make a claim’ option and follow the steps mentioned.

How to Raise a Cashless Claim for Bike Insurance Online

Get cashless claim settlement at one of our network garages. The cashless claim process involves three simple steps :

• Intimate - Intimate your claim by any of the method suggested above.

• Survey - Upload documents & photographs of the damage caused to your bike.

• Claim Settlement - Claim settlement directly with you or network garage.

You will mostly need-

• Bike Insurance Policy

• Bike Registration certificate (RC)

• Driving License (DL)

• Valid ID of policy holder

• Any other documents that we may require for your claim adjudication

Two-wheeler insurance, also known as bike insurance, protect bike owners against various risks. Whether it's a motorcycle, scooter, moped, or any other two-wheeler, bike insurance policy safeguards you against damages caused by accidents, natural or man-made disasters, fire, and theft. Additionally, it fulfills legal requirements by providing coverage for third-party liabilities, encompassing damage to another person's property or vehicle, as well as injuries or fatalities caused by your insured two-wheeler.

Difference between Comprehensive Bike Insurance & Third Party Bike Insurance

	80% CUSTOMERS CHOOSE THIS
Coverage under Bike Insurance	Comprehensive Bike insurance	Third Party Bike insurance
Accident Cover
Theft Cover
Natural Calamities Cover
No Claim Bonus upto 50%
Choice of add-ons
Customization of bike value
Cashless Claims
Quick Claim Settlement
Personal accident cover
Damage to third party property
Injury to a third party person
No hefty fines levied if valid policy in place

If you love the freedom of open road, then you will love the freedom of choices we provide. We offer easy-to-understand and affordable third party bike insurance plans, comprehensive & depreciation waiver in your bike insurance plans. You can also opt for long-term third-party bike insurance cover or a single-year own damage insurance. Alternatively, you could bundle the two together and enjoy better savings.

As far as protection is concerned, our bike insurance policies provide coverage against accidents, theft, natural calamities like cyclones, floods, storms, lightning, earthquake, landslide, etc. When you ride with us, you get complete protection, on and off the road.

To buy or renew bike insurance, you've got two choices.

• Traditional Method

• Online Method
  

Traditional Method : Visit a nearby IFFCO-Tokio branch or talk to an agent who specializes in bike coverage. They'll sort out a policy that matches what you need and fits your budget. Just give them the info they need, and they'll handle the paperwork.

Online Method : With IFFCO-Tokio’s bike insurance, buying or renewing Two Wheeler Insurance online is as easy as twisting the throttle on your motorcycle! You can get instant quotes in a snap! All you have to do is tell us about your bike, the coverage you want, and hit the submit button. We will assess your details and put together the ideal options for you! In addition to the best insurance coverage, your Two Wheeler Insurance policy also comes with a customer support team that is available round the clock and is as eager to help you, as you are to ride your bike!

• 1 Save Money : Buying bike insurance online from IFFCO Tokio website generally saves money for customers as it doesn’t involve commission to third party dealers.
• 2 Easy Process : People buy Two Wheeler Insurance online is because it is so much easier and simple. You just have to fill in some simple details, choose the coverage you want, and make the payment for your bike insurance policy!
• 3 Save Time : Process of buying bike insurance online is convenient & environmentally friendly. When you buy Two Wheeler Insurance online, you do not have to endure the painful task of documentation, thus it saves time.
• 4 Multiple Plans : Once you have provided basic bike details, we will put together quotations on our third party, comprehensive & comprehensive with zero-depreciation covers. You can compare and choose a suitable bike insurance policy with ease!
• 5 Plan Customization : When you buy bike insurance policy online, you can go through our coverage options and opt for the plan that best matches your need, without being influenced by anyone else.
• 6 Instant Policy : This is another big advantage of buying bike insurance policy online – you get the policy documents as soon as the payment goes through. This ensures that you do not have to wait before you can legally ride your bike on road!

• 1 Fill out Bike Details -Enter basic information about your bike registration number and confirm details like make model, claim history etc. Based on these details, we will provide you an instant quote.
• 2 Select and Customize-You can select the bike insurance plan type like third party or comprehensive and can include the add-ons coverage as per the requirements.
• 3 Download Policy Document -After plan selection, please make the payment and your policy would be generated immediately. You can find your two wheeler insurance policy copy in your mail box.

Branch Visit :

You can visit your nearest IFFCO Tokio branch/agent to renew bike insurance policy. You would have to carry the Two Wheeler Insurance policy document of your exiting bike insurance plan and means of payment accepted by the insurance provider. Just hand over the Two Wheeler Insurance policy document to one of the executives along with the renewal payment and they will do the rest. Your renewed Two Wheeler Insurance policy document would be mailed to your residence in a short while. The only hassle you will face while of renewing a Two Wheeler Insurance plan at the branch would be that you have to physically visit the branch or to an agent.

Renew Your Bike Insurance Policy Online :

If you want to renew your two wheeler insurance and don’t want to visit our branch, you can do the renewal online through our website or App. The process of renewing bike insurance online is very simple and is mentioned under.

• 1 Save Time :As you can renew bike insurance in a few clicks.
• 2 Save Money :As you may find discount on renewing your insurance on time.
• 3 Save Efforts :As the renewing process is very simple.
• 4 No paper work :As you renew directly from IFFCO Tokio website.
• 5 Instant Policy Generation :You don’t have to wait for policy copy as it is immediately emailed to you.

• 1Visit our bike insurance renewal webpage.
• 2Enter basic details like registration number and expiring policy number of your bike.
• 3We’ll fetch premium details and policy coverage for your two wheeler insurance.
• 4Make the payment online and download policy copy.

• 1 Third Party Liability Premium (TP)
• 2 Own Damage Premium (OD)
  

The Third party bike insurance premiums (TP) are fixed by IRDAI depending on bike engine capacity, while the Own Damage Premium (OD) depends on several other factors. We will check these both factors in detail in upcoming topics.

This is stipulated by the Insurance Regulatory and Development Authority of India (IRDAI) and it is directly proportional to your bike’s cubic capacity.

• 1 Enter Registration Number :Input your bike's registration number into the calculator.
• 2 Retrieve Details :The calculator fetches the necessary bike details—make, model, manufacturing year—from the registration number.
• 3 Generate Premium :Based on the bike's specifics, the calculator calculates the Own Damage premium automatically.

Factors That Determine the Price of Your Bike Insurance Policy

Have you ever wondered why different people are charged different insurance premiums? Well, this is because the price of your bike insurance policy is calculated keeping in mind several factors. Some of these factors include :

• 1 No Claim Bonus (NCB) : Maintain a claim-free record to accumulate NCB, which reduces premiums upon renewal.
• 2 Voluntary Deductibles : Opt for a higher voluntary deductible amount to lower the premium. Remember, this means you'll pay more out of pocket in case of a claim.
• 3 Renewal on Time : Avoid a lapse in policy renewal to prevent losing out on NCB benefits and to maintain continuous coverage.
• 4 Choose Coverage Wisely : Assess your needs and choose coverage that's necessary. Opting for only required coverage can help reduce premiums.

Remember, while reducing premiums is beneficial, ensure your policy still offers adequate coverage for your bike and yourself.

Calculating the premium for your brand new bike is easy with the bike insurance premium calculator. This online tool enables you to check the premium of your two-wheeler insurance policy by entering some basic information. To calculate the premium, you need to provide the following details:

• Bike manufacturer’s name

• Model & Variant

• Manufacturing year

• Fuel type

• Invoice Value

Bike Insurance Policy from IFFCO Tokio

• Cashless Repair :Vast network of cashless garages PAN India.

• High Claim Settlement :High claim settlement provide piece of mind.

• Quick Claim Settlement :Instant claim settlement upto 50,000 through QCS app.

• 24*7 Support :Our team is available for your support even on holidays.

• Trusted Brand :Servicing our customers for more than 22 years.

• Wide Network :You can buy bike insurance plan from more than 20,000 agents and branches.

Downloads

Download Forms

• Motor Claim form
• Motor Proposal Form for Private Car or Two Wheeler
• Motor Cycle Policy Wording
• Helmet Cover- Prospectus TW
• Helmet Cover- Prospectus Motor Cycle Scooter B Policy
• Helmet Cover- Schedule Motor Add-ons for Motor Cycle Scooter B Policy
• Helmet Cover- Prospectus for Stand Alone Motor Own Damage for Two Wheeler
• Helmet Cover- Schedule Stand Alone Motor Own Damage for Two Wheeler
• Pay as you Use- Prospectus for bundled cover for Two wheelers
• Pay as you Use- Prospectus for Motor Cycle Scooter B Policy
• Pay as you Use- Schedule Motor Add ons for Motor Cycle Scooter B Policy
• Pay as you Use- Prospectus for Stand Alone Motor OD Two wheeler
• Pay as you Use- Schedule Stand Alone Motor Own Damage for Two Wheeler
• EMI Protection- Prospectus for Two Wheelers
• EMI Protection- Schedule for Motor Cycle Scooter B Policy
• EMI Protection- Prospectus for Stand Alone Motor Own Damage for Two Wheeler
• EMI Protection- Schedule for Stand-Alone Motor Own Damage for Two Wheeler

Know More About Bike Insurance