IFFCO Tokio Comprehensive Bike Insurance

IFFCO Tokio Comprehensive Bike Insurance policy is a type of insurance cover for two-wheelers that provides full coverage against both third-party liabilities and any own damages sustained by the insured bike in an accident. It also provides personal accident cover to the bike’s owner-driver.

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Benefits of IFFCO Tokio Comprehensive Bike Insurance

The benefits provided by an IFFCO Tokio comprehensive bike insurance policy are as follows:

  • 24x7 Customer Support– The insurance company has an active customer support team that provides 24x7 assistance for claim settlement and other queries related to the policy.
  • Cashless Repair- The IFFCO-Tokio General Insurance Company has a vast network of over 4300 garages across India where policyholders can avail cashless repair facilities.
  • Total Coverage– It provides total coverage by offering financial as well as legal assistance to the bike owner in case of third party accidental liabilities. This assistance is also extended to damages/injuries sustained by the owner-driver and the insured vehicle.
  • Add-On Covers- The bike owners can enhance their two wheeler insurance cover by purchasing add-ons, such as roadside assistance cover, zero depreciation cover, etc. at the start of the policy year. But, they will need to pay a little extra premium for the same.
  • No Claim Bonus- If the policyholder has not made any claim during the policy period, he/she can get a no-claim bonus that provides saving on renewal premium of up to 50%.
  • Faster Claim Settlement– The insurance company enjoys a claim settlement ratio of 95.80% and settles app-based claims within 4 hours.

IFFCO Tokio Comprehensive Bike Insurance vs Third-Party Insurance

Take a look at the major differences between IFFCO Tokio Comprehensive bike insurance and Third Party bike insurance plans below:

Features

Comprehensive Two-wheeler Insurance

Third-party Two-wheeler Insurance

Coverage

Comprehensive two-wheeler insurance provides complete coverage to the policyholder against third-party liabilities and own damages caused by the insured bike during an accident.

Third party two-wheeler insurance provides coverage for only the damages or injuries caused to the third party in an accident.

Legal Requirement

Comprehensive two-wheeler insurance is optional. A customer can choose to purchase it as per his/her preferences.

The Motor Vehicles Act, 1988 has made it mandatory for every bike owner to purchase third party insurance cover.

Add-on Covers

A comprehensive cover allows the bike owner to opt for several add-ons like zero depreciation cover, roadside assistance, etc. on payment of a higher premium in addition to the benefits provided under the base policy.

 Third party bike insurance plans do not offer add-on covers.

Premium amount

Since the coverage provided is more, the bike owner will also have to pay a higher premium for this policy.

Because of limited coverage, the premium cost of third party two wheeler insurance is low.

What is Covered under IFFCO Tokio Comprehensive Two-wheeler Insurance Plan?

A comprehensive bike insurance policy provides complete coverage to the two wheeler. Let us have a look at the coverage provided by IFFCO Tokio comprehensive bike insurance policy in detail:

  • Third-party Liability Coverage- The IFFCO Tokio comprehensive bike insurance policy covers the accidental liabilities resulting from a third party for causing death, injury, permanent disability and property damage by the insured bike.
  • Personal Accident Cover- The policyholder (owner-driver) gets a compulsory personal accident cover of Rs 15 lakh. The policyholder also gets compensated in case the bike accident leads to accidental death or disability.
  • Coverage against Own Damages- If your vehicle suffers damages/ losses in an accident, fire, theft, natural disaster (such as flood, earthquake, etc.), or manmade calamities, the IFFCO Tokio General Insurance Company will provide financial assistance for repair or replacement. 

What is Not Covered under IFFCO Tokio Comprehensive Two-wheeler Insurance Plan?

There are a few situations in which IFFCO Tokio General Insurance Company will not provide any coverage under comprehensive bike insurance. They are:

  • Damages caused due to war
  • If the owner was driving without a license
  • If the damage has occurred under a contractual agreement
  • If the accident occurred due to drunk driving
  • Unless damaged in the accident, damage to tyres and tubes will not be compensated for
  • If the accident has occurred outside the geographic region, as mentionedin the policy

FAQs

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IFFCO Tokio Comprehensive Bike Insurance Reviews & Ratings

4.6 / 5 (Based on 62 Reviews)
(Showing Newest 10 reviews)
Satish
Pimpri Chinchwad, October 09, 2021
Right plan
My father had gifted me a bike and a friend of mine suggested me to get my bike insured as it will help me financially in case of any kind of mishappening. So I came across the policybazaar website and after comparing the plans I found the right plan for me which was iffco tokio plan.
Anuj
Patna, October 09, 2021
Best plan
The services provides by the Policybazaar to its customers are remarkable. i have received full attention and assistance while purchasing iffco tokio plan for my bike. An executive who helped me find the best plan at the best price was brilliant at his work.
Jitendra
Vadodara, October 09, 2021
Faster claim settlement
I had lost my documents which were required to make the claim. I visited Policybazaar from where I had taken iffco Tokio Two Wheeler Insurance. The team resolved my problem in a single conversation. They are very good in problem solving. i got the claim settlement without any hassle.
Ramakant
Ghaziabad, October 09, 2021
Outstanding service
I am planning to buy more plans from Policybazaar as I am satisfied with the services provided by Policybazaar. the team facilitated me with outstanding service. I have had a wonderful experience while buying iffco Tokio Two Wheeler Insurance.
Sumit
Ludhiana, October 09, 2021
Complete support
Policybazaar is one of the best service providers. I did not expect that I would get so much support. I went to Policybazaar for bike insurance and with the help of the team I took iffco Tokio two wheeler Insurance. the team shared with me all the details of my policy.
Nandini
Pimpri Chinchwad, August 18, 2021
Great plans
I did not like my previous policy so i decided to switch and i went to policy bazaar office and i took a IFFCO Tokio two wheeler insurance policy. in the new policy i got what i need in my policy and satisfied with the service provided by the company.
Ram
Noida, June 04, 2021
Easy online claims
I purchased Iffco Tokio two wheeler insurance three years ago through policybazaar. I had to claim the policy once last year due to minor accident. Entire process was very smooth and I was able to get the claim very quickly.
Nitin
Amabala, June 04, 2021
New policy holder
I bought Iffco Tokio two wheeler insurance three months ago through policybazaar. Online buying process and payment was very easy. I could compare 10 different plans before deciding on one. Thank you policybazaar.
Jaideep
Varanasi, June 04, 2021
Easy renewal
I bought Iffco Tokio two wheeler insurance online through policybazaar. The process was very easy. I renewed the same policy this year as well. I like their services.
Gavin
R.udayagiri, October 13, 2020
Save
I have saved a lot more money when I got the iffco tokio two wheeler insurance policy from the policybazaar and it has been an amazing experience for me and my family. Thank you policybazaar.