In today’s post, we will get information about IFFCO Tokio Bike Insurance. Along with this, we will also talk about the best features and exclusions of this company, which will help you to choose the best bike insurance for you.
Contents in this Post
IFFCO Tokio Bike Insurance Review
There are many companies that offer a very good bike insurance at an affordable price. One of those companies is IFFCO Tokio Insurance Company.
This company also offers car, health, term, travel and home insurance along with bikes. Being associated with Indian farmers, people prefer to get insurance from this company.
If we talk about the strength of this company, then this company currently has more than 4300 network connectivity garages. And the claim settlement ratio of this company was 95% in the 2020 financial year.
This is the reason why anyone prefers this company to get their bike insured. If you are also looking to insure your bike from this company, then read this post carefully. So that you can get complete information about this insurance.
Also Read : Oriental Bike Insurance
Features of IFFCO Tokio Bike Insurance
Whenever we are getting our bike or other vehicle insured from any company, then we should look at its essential features. So that we can get to know about that company properly.
You do not need to go to any insurance shop to get Insurance from this company, you can insure online from home, and you are provided with a digital copy of the instant insurance.
This company offers quick and hustle free claim settlement. Some other special features of this company are given below-
|Claim Settlement Ratio
|Up to 96%
|Own damage coverage
|Personal accident cover
|Third party and liability coverage
Types of IFFCO Tokio Bike Insurance
IFFCO Tokio Company provides us with the main three types of insurance, which are explained in detail below-
Own damage coverage
If your vehicle is damaged in any kind of flood, fire, explosion, self-ignition, typhoon, hurricane, cyclone, hellstone, earthquake, landslide, theft, strike, terrorist activities or accidental damage, then you are covered for that. Is.
Third party and liability coverage
It is very important for you to have at least third party and liability coverage of your vehicle. And this third party and liability insurance is done by the company.
Personal accident cover
Friends, if you have any type of accident, and in which your vehicle or you have to face any kind of injury or accidental death. Then you are given individual insurance up to one lakh by this company.
Friends, some discount offers are also given by IFFCO Tokio Company. In which the main no claim bonus. If you had taken insurance for yourself from this company last year, and did not make any claim.
Then you are given a bonus discount of 20% for the next year. And this discount can be up to 50% increasing. About which we have been given a chart in detail below-
|1 Claim Free Year
|2 Claim Free Year
|3 Claim Free Year
|4 Claim Free Year
|5 Claim Free Year
Friends, if you are getting your bike insurance from IFFCO Tokio Company, then you will get to see some exclusions in it. If you are caught doing these activities, then you do not get any clean view of its insurance-
If any type of electronic or mechanical break down occurs in your vehicle, then you will not be given any kind of claim.
If you are driving under the influence of alcohol or any intoxicant, and there is any damage in your vehicle, then you will not be given any kind of claim.
If you do not have any valid driving license, and your accident or vehicle is damaged, then you will not be given an insurance claim for not having a valid driving license.
If any type of tire damage occurs in your vehicle, then no claim is given by this company for it.
If you have installed any kind of accessories in your car, and it gets stolen, you will not be given a claim until your car is stolen.
As we all know, if we want to drive our car on Indian roads, then it is very important to keep valid documents of the vehicle as well as a valid insurance.
In such a situation, there are many such companies, which provide insurance, but whose claim settlement ratios and network connectivity are not good.
Due to which many people have to face problems while claiming the insurance of that company. So if you are also looking for a good and genuine bike insurance company for yourself, then IFFCO Tokio Bike Insurance Company can be a good insurance option for you.
In today’s post, we have learned IFFCO Tokio bike insurance review as well. We also got to know about some of the features and exclusions of this company.
Hope you liked our post for today and helped you find a good bike insurance plan for yourself.