IFFCO Tokio Bike Insurance Premium Calculator

IFFCO Tokio Bike Insurance Premium Calculator is a free online tool provided by IFFCO-Tokio General Insurance Company Limited to calculate the premium of a bike insurance plan. It helps a bike owner to choose the best bike insurance policy without crossing the budget. The IFFCO Tokio bike insurance premium calculator gives customized results based on the two-wheeler’s details and its owner’s no claim bonus status.

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How to Use an IFFCO Tokio Bike Insurance Premium Calculator?

Since the premium calculator is available online, a person can easily find it on the insurer's website as well as on Policybazaar.com. Follow the following steps to use an IFFCO Tokio bike insurance premium calculator:

  1. Visit the website of Policybazaar Insurance Broker Private Limited
  2. Go to IFFCO Tokio bike insurance premium calculator
  3. Select the vehicle type, model, variant and other details as asked
  4. Select the city where the bike was registered and also the year of purchase
  5. Mention any previous claims related to the vehicle
  6. Click on ‘calculate’ to know the premium amount of an IFFCO Tokio bike insurance plan

Benefits of IFFCO Tokio Bike Insurance Premium Calculator

Here are the benefits of the IFFCO Tokio bike insurance premium calculator:

  • Helps toSelect the Right Plan: This tool helps to gather all the information needed to make an informed purchase. The calculator provides the right IDV and premium amount for a bike insurance plan, which helps the bike owner to choose the right premium quote as per his/her budget and requirements from the available options.
  • Helps to Know the Premium Amount: The premium calculator collects all the data related to the bike to calculate its insurance premium before making the actual purchase. This ensures that the bike owners get customized results and also helps them in finding an affordable bike insurance plan.
  • Helps to Knowthe Right IDV: IDV stands for the Insured Declared Value of a vehicle. It is the maximum amount that the policyholder can get as compensation in case of theft and total loss of the bike or when the vehicle is 75% damaged. The insurance calculator helps the bike owner to find the right IDV without compromising on the coverage or paying a higher premium amount.

IFFCO Tokio Bike Insurance Premium Rates

Check out the premium rates for the third party and comprehensive two wheeler insurance plans:

Third-party Two-wheeler Insurance Premium Rates:

The premium rates for third-party insurance are announced by the Insurance Regulatory and Development Authority of India (IRDAI) based on the bike’s specifications, especially its engine CC. This amount can vary from one insurer to another based on services offered to the policyholder. Refer to the below-mentioned table for the latest third party bike insurance premium rates announced by IRDAI:

Engine Capacity of Bike

Third-Party Insurance Premium Rates (Rs)

Up to 75cc

482

Above 75cc but less than 150cc

752

Between 150cc and 350cc

1193

Above 350cc

2323

 

Comprehensive and Standalone Own Damage Bike Insurance Premium Rates:

The bike insurance premiums for comprehensive and standalone own damage plans usually vary according to the bike, its model, engine CC, etc. Therefore, the bike owner can choose to use the premium calculator that will gather the details of the bike and predict the insurance premium rate as per the various factors.

Factors Affecting IFFCO Tokio Bike Insurance Premium

Different people are charged different bike insurance premiums. This is because the premium amount is calculated based on several factors that include:

1. Type of Cover: The type of bike insurance plan opted by the owner affects the premium amount. If the bike owner opts for a comprehensive plan with wider coverage, he/she will be required to pay higher premiums.

2. Cubic Capacity of the bike: The insurance plan's premium depends a lot on the cubic capacity of the bike. The higher is the engine CC of the bike, the higher will be the premium amount.

3. Cost of the Bike: If the bike is expensive, then the owner will need a higher coverage or IDV to protect it. The higher is the coverage amount, the higher will be the cost to insure it.

4. Age of the Bike: The premium of a bike insurance plan also varies as per its age. The insurance company pays the claim amount as per the market value of the bike. So when the bike is new, the insurance company is liable to pay more for any damages and charges a higher premium. As the bike gets older, its market value also decreases. Hence, the premium amount also decreases.

5. Bike ModificationsModifications mean the changes made to the two-wheeler to improve its efficiency or look. Such alterations often involve the addition of parts or modification of the current parts. These modifications can affect the premium amount to increase.

FAQs

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 62 Reviews)

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IFFCO Tokio Bike Insurance Premium Calculator 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.