IFFCO Tokio Comprehensive Bike Insurance Policy

A bike is a precious asset for a person. It helps them to commute easily from one place to another. A person plans and spends a significant part of their saving on purchasing a bike. A comprehensive two-wheeler insurance policy provided by IFFCO Tokio makes sure that your bike stays insured against damage. It acts as a financial and legal support for the policyholder. It provides complete coverage in an unfortunate event of an accident to the owner as well as the third party that suffered damage due to the insured’s vehicle. The IFFCO Tokio Comprehensive Two-wheeler Insurance Policy is designed in such a way that it also protects the owner from financial disability. It covers against loss, theft, accidental damages as well as natural calamities.

IFFCO Tokio Comprehensive Bike Insurance vs Third Party Bike Insurance

What All Is Covered Under IFFCO Tokio Comprehensive Bike Insurance Plan?

IFFCO Tokio bike insurance policy provides a wide coverage to keep the bike owner insured under a numerous instances that can cause loss or damage. Under comprehensive insurance policy coverage for both ‘Own Damage’ and ‘Third party’ is provided. It provides the following coverage to policyholders:

• Coverage Against Natural Calamities - Under comprehensive insurance policy IFFCO Tokio protects against the loss occurred to the insured’s vehicle due to natural disasters such as flood, earthquake, hurricanes, tsunami etc.

• Coverage Against Man-made Disasters - The comprehensive insurance policy provides compensation against the loss occurred by man-made calamities such as theft, riots, burglary, and many such instances.

• Third Party Liability Coverage - The policy covers all the financial as well as legal liabilities that can arise due to damage or loss caused to the life and/or property of third party.
• Personal Accident Cover - The policyholders have an option to take personal accident cover where they can get compensation against the damages caused during an accident. This coverage is optional to opt for with the bike insurance plan.

What All Is Not Included Under IFFCO Tokio Comprehensive Bike Insurance?

IFFCO Tokio will not provide any coverage under the plan in the following scenarios:

• In the situation of conflict or war
• The vehicle was driven without a valid license
• The damage occurred under a contractual agreement
• If the bike was not operated by acknowledged or described
• The accident has taken place due to the impact of intoxicating drugs or liquor
• No other claim shall be compensated for any harm to tyres or tubes unless the insured vehicle is also damaged in the same incident
• The loss or damage of the insured’s bike has happened beyond the geographic region as described in the policy coverage documents.

A comprehensive two-wheeler insurance policy is way more beneficial in comparison to any other insurance plans. A customer with a comprehensive policy enjoys the following benefits:

• It has a network of more than 4,300 garages all over the nation.
• 24 hours of assistance to queries and claim settlement procedure related to the policy.
• Provides financial and legal protection to the policyholder in case of own damage as well as third party damage.
• Offers a wide range of add-on covers to stretch the bike insurance coverage by paying a little extra premium amount.
• IFFCO Tokio provides an exclusive ‘Value Auto Coverage’ benefit along with the plan by paying an additional premium of a small amount.
• No claim bonus of up to 50% on two-wheelers to customers who renew their insurance policy 90 days before the day of expiry and have not made any claim during the policy period.