Everything about IFFCO Tokio Two-Wheeler Insurance Terms & Conditions

Looking to purchase two-wheeler insurance and considering IFFCO Tokio General Insurance? In this article we will give you all the details you need to know about their insurance policies to decide on whether they are the one for you. Make sure to read the particulars mentioned in this article carefully and compare them to your other choices to ensure that you find the two-wheeler insurance that is best suited to your needs.

All About IFFCO Tokio Two-Wheeler Insurance

General Exceptions of IFFCO Tokio Two-Wheeler Insurance

Following are the conditions under which IFFCO Tokio will not provide compensation:

• Any type of mishap that occurs outside the geographical area of India.
• Any claims that arise out of contractual liability.
• Any mishap that occurs due to misuse of the two-wheeler, illegal driving or when somebody other than the owner was using the two-wheeler.
• Any form of consequential loss.
• Any mishaps relating to ionisation, contamination by radioactivity from nuclear fuel/waste.
• Any mishap that arises directly or indirectly due to nuclear weapon material.
• Any mishap that occurs and has a connection with a war, mutiny, rebellion or any war like operations.

General Conditions of IFFCO Tokio Two-Wheeler Insurance

Following are the general conditions under which IFFCO Tokio will provide compensation in case there is a mishap involving your two-wheeler:

• In case of an accident, whether or not the insurance holder intends to apply for a claim. They must inform the insurance company about the incident. Moreover, they must provide all the required information and ensure that it has no errors. The insurance holder must comply fully with both the police and the insurance company during the claim settlement procedure.
• The Insured will not offer a promise of indemnity payment to be made on behalf of the insurance company without the written consent of the insurance provider.
• In case of a mishap the insurance company will decide whether to repair reinstate, replace the motor vehicle or its part or accessories or pay the loss or damage amount in cash.
• The insurance holder will use their two-wheeler within reasonable limits and safeguard their two-wheeler to the best of their abilities. In case the insurance company feels the need to, they will have full and free access to examine the condition of the two-wheeler.
• If there is a mishap and the two-wheeler is covered by more than one insurance policy the company will not be required to pay more than the rateable proportion for the repairs.
• If there is a dispute regarding the insurance, the difference between the insurance company and the insurance holder shall be settled independently and in accordance with the Arbitration and Conciliation Act of 1996.
• In case of the death of the insurance holder, the two-wheeler insurance policy will not immediately expire. It remains valid for a period of three months or its renewal date, depending on which is earlier. Within this period the heir to the two-wheeler can transfer the insurance policy to their name.

Conclusion

In a nutshell, the above mentioned points discuss in detail the general conditions and exclusions of the IFFCO Tokio two-wheeler insurance policy. If read carefully, it will provide a well rounded understanding of what coverage the two-wheeler insurance provides. Moreover, if you have further questions about the terms and conditions you can go onto the IFFCO Tokio website and take a look at the document yourself and make sure to contact the insurance company’s customer service in case you have any doubts about the policy.

Also Read

Benefits of Buying Long-Term Two Wheeler Insurance

Things You Should Check In Your Two Wheeler Insurance Document

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.