IFFCO Tokio Comprehensive Two-Wheeler 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.
Comprehensive Two-Wheeler Insurance vs Third Party Two-Wheeler Insurance
Comprehensive Two-Wheeler Insurance
Third Party Two-Wheeler Insurance
It provides coverage for damages incurred by both the insured’s bike as well as third parties. The coverage is quite extensive.
It only provides coverage for damage caused to third parties. The coverage is narrow in comparison to comprehensive.
Policyholder can enjoy extra benefits by opting for add-ons like zero depreciation cover, roadside assistance, etc with this cover.
No add-on can be availed with this plan.
The policyholder needs to pay comparatively more premium.
The policyholders have to pay less premium in comparison.
What All is Covered Under IFFCO Tokio Comprehensive Two-Wheeler Insurance Plan?
IFFCO Tokio two-wheeler 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 Two-Wheeler Insurance?
IFFCO Tokio will not provide any coverage under the plan in the following scenarios:
- The loss or damage of the insured’s bike has happened beyond the geographic region as described in the policy coverage documents.
- 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.
- The vehicle was driven without a valid license.
- In the situation of conflict or war.
- No other claim shall be compensated for any harm to tyres or tubes unless the insured vehicle is also damaged in the same incident.
IFFCO Tokio Comprehensive Two-Wheeler Insurance Benefits
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:
- Provides financial and legal protection to the policyholder in case of own damage as well as third party damage.
- Provides various add-ons to stretch the coverage.
- The policyholders will get cashless repair and replacement services in cosmic network garages all over India. 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.
- 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.
- Quick claim settlement process.
IFFCO Tokio Bike Insurance User Reviews
IFFCO Tokio Comprehensive Two-Wheeler Insurance FAQs
Are add-ons available for two-wheeler policy owners?Yes, add-ons are available for two-wheeler as well as four-wheeler vehicles. IFFCO Tokio provides amazing add-on benefits for two-wheeler vehicles too. The policyholders can make can claim during the entire policy period and claim for the maximum amount for the vehicle.
What are the advantages of purchasing two-wheeler comprehensive insurance policy from IFFCO Tokio?IFFCO Tokio is one of the leading names in the insurance industry. It has been working from years towards providing the best insurance policy for the customers. It holds a great record of customer satisfaction. It provides a hassle-free service to its customers. The help desk provides 24*7 assistance all over the nation.
Which is a more expensive comprehensive or third party?A comprehensive insurance policy is more expensive in comparison to third party policy. The main reason behind it is that it provides a wider range of coverage and benefits to the policyholder. It covers most of the financial and legal liabilities of a person arising out of the vehicle.
What all is covered under the policy?It offers the damage caused to the third party as well as insured’s bike holder due accidents, natural calamities like earthquake, storm, flood, lightning, landslide etc. It also protects against man-made calamities such as theft, house breaking, burglary, accidental by external damage etc.
Why should I take a comprehensive insurance policy for my two-wheeler?It is always advised to take a comprehensive insurance policy for your bike because you will be protected extensively. It will provide you with protection against all the possible incidents. So if your budget is not stopping you, it is advised that you get a comprehensive insurance policy.