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Why You Should Buy Bike Insurance From IFFCO Tokio?

Published On Jun 17, 2021 10:00 AM By InsuranceDekho

Read this article to find out why you need to purchase your bike insurance policy from IFFCO Tokio.

When you own a bike, it is imperative to invest in a bike insurance policy to keep yourself financially safe. Repairing the damages sustained by your bike in case of any accident can be expensive. Having a bike insurance policy will provide you financial assistance to repair the damages sustained by your bike as well as for compensating for the loss of the third party. However, it is important to purchase your policy from a trustable insurance company after comparing multiple bike insurance plans. IFFCO Tokio General insurance company is one of the reputed insurance providers you can purchase your bike insurance from. Read this article to get to know the benefits of purchasing your bike insurance from IFFCO Tokio. 

Why You Should Buy Bike Insurance From IFFCO Tokio?

Benefits of Purchasing Bike Insurance From IFFCO Tokio General Insurance

Purchasing bike insurance is definitely a thought engaging process. It is wise to list the benefits of purchasing bike insurance in different companies to compare them and purchase the one that suits you the most. The following are the reasons why IFFCO Tokio General Insurance Company can be your right choice- 

  • Trusted And Reputed Company 

When you are purchasing bike insurance, your primary step should be to ensure if the insurance company is authorized and legitimate. You can check this on the insurance company’s website. Purchasing your bike insurance from a trusted and reputed company will mean that you can rely on the company to help you out financially when you are in need. Checking the legitimacy of the insurance provider will also save you from fraud. IFFCO Tokio General Insurance has been providing service to its customers for 19 years. It has also titled the 2019 IDC Digital Transformer Award for India AI-based claim assessment of damaged vehicles. 

  • Optimal Coverage 

The most important thing you should consider while purchasing bike insurance is the coverage offered by the insurance plan at an affordable premium so you don’t go uncovered. IFFCO Tokio General Insurance company provides coverage against human made troubles such as theft, road accidents, etc along with road accidents, natural calamities, etc. depending on the policy you select. It also offers a wide range of add ons to choose from. 

  • Seamless Claim Settlement 

Accidents are very stressful situations that can cause a lot of anxiety. It will also require you to arrange atrocious amounts of money for the repair of your bike as well as for compensating for the third party’s loss. This can be very nerve racking. When you invest in bike insurance, you look for an easy claim settlement process that will relieve you from this burdening expenses. Thus, it is important to check the claim settlement processes in different insurance companies to select the one that is most convenient. IFFCO Tokio General Insurance company has enabled their policyholders to claim their bike insurance online. With a claim settlement ratio of 95.30% in FY20, IFFCO Tokio has definitely proven to be a reliable helping hand to its policyholders. 

  • Network Garages 

Cashless facility is the most convenient facility offered by many insurance companies. This is a facility where the repair bills of your bike will be sent directly to the insurance company if you repair your bike at your nearest network garage in case of any accident. However, it is important to observe the location of these garages and the count. IFFCO Tokio General Insurance has a wide network of cashless garages. It has over 4,300 network garages which makes repairing your car convenient. These garages are legitimate and hire professional mechanics who handle your prized bike with care and expertise. 

Take Away

Your bike is your most cherished belonging. But, maintaining it and repairing its damages requires you to manage a bucket load of expenses which could be burdening. Investing in a bike insurance policy that offers optimal coverage will lift this burden off your shoulder. However, to select the most optimal bike insurance plan, it is important to compare different policies and take a look at the best features offered by the insurance company along with its reputation.

Also read 

Benefits of Third-Party Bike Insurance

Benefits of Buying Long-Term Two Wheeler Insurance

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.    

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