IFFCO Tokio Own Damage Bike Insurance

IFFCO Tokio Own-Damage Bike Insurance Policy & Key Features

The key features of IFFCO Tokio own-damage bike insurance policy are highlighted in the form of a table below:

Why Choose IFFCO Tokio Own-Damage Bike Insurance?

A standalone own-damage bike insurance policy offers financial protection for your two-wheeler against loss or damage from accidents, natural disasters, and man-made incidents. Note that this policy covers only the damage to your own vehicle, not any other liabilities related to it. For complete coverage, you can buy this policy alongside the mandatory third-party bike insurance.

The top reasons to choose IFFCO Tokio own-damage bike insurance policy are listed below:

• Wide Garage Network: IFFCO Tokio offers cashless services at more than 4,300 network garages, ensuring repair services across the country.
• Expertise and Experience: With over 22 years of experience in the industry, IFFCO Tokio excels in providing quality services under bike insurance.
• 24*7 Customer Support: The company provides reliable, round-the-clock assistance for all its customers.

Inclusions of IFFCO Tokio Own-Damage Bike Insurance

The IFFCO Tokio bike insurance policy provides coverage for the following:

• Loss due to fire, self-ignition, lightning, or explosion.
• Loss resulting from housebreaking, burglary, or theft.
• Damage caused by man-made disasters such as terrorist activity, strikes, riots, etc.
• Loss due to natural calamities like earthquakes, floods, storms, hurricanes, etc.
• Damage or loss resulting from accidents.
• Loss or damage while in transit by roads, railways, or airways.

Exclusions of IFFCO Tokio Own-Damage Bike Insurance

Under own-damage bike insurance policy, IFFCO Tokio will not be liable to pay for any expense arising due to the following:

• Any damage or loss due to depreciation, wear and tear, or electrical breakdowns.
• Tyre and tube damage unless the vehicle is damaged, too. In this case, 50% of the replacement cost is covered.
• Loss or damage to accessories from burglary or theft unless the vehicle is stolen at the same time.
• Accidental loss or damage caused to the insured bike when the person was driving under the influence of alcohol or drugs.
• Any other damage or loss not covered under the policy's terms and conditions.

How to Buy IFFCO Tokio Own-Damage Bike Insurance Online?

The quick and easy process to buy IFFCO Tokio bike insurance policy is as follows:

Step 1: Go to Policybazaar.com and locate "Insurance Products" in the top menu.

Step 2: From the list of options, select ‘Own Damage Bike Insurance’ and enter the details of your bike accurately. Once entered, click on the ‘View Prices’ button.

Step 3: For the selected model of your two-wheeler, choose IFFCO Tokio own-damage bike insurance and enter all the requested details. 

Step 4: Finally, pay the IFFCO Tokio own-damage bike insurance premium online and you will receive the policy via email on your registered email ID.

How to Raise IFFCO Tokio Own-Damage Bike Insurance Claims?

Following are the steps to be followed to raise IFFCO Tokio own-damage bike insurance claims:

Step 1: Inform insurance provider about the incident as soon as possible.

Step 2: Download the claim form from the insurer's website. Fill it out accurately, sign it, and submit it along with any required documents.

Step 3: Once the insurance company receives the claim application, a surveyor will be sent for assessing the damages. 

Step 4: The surveyor will examine the damages and prepare a detailed assessment report to share with the insurance provider.

Step 5: The insurance provider will review the assessment report and decide whether to approve or reject your claim.

Step 6: If your claim is approved, take your bike to a nearby-authorised network garage for repairs in case of cashless claim services. The insurance company will settle the bills there directly. Alternatively, if you choose a non-network garage, you must pay the bills upfront and get reimbursed by the insurance company later.

Documents Required for IFFCO Tokio Own-Damage Bike Insurance Claim

Below are the documents needed to raise an IFFCO Tokio bike insurance claim:

• A copy of the FIR (if applicable)
• Bike's Registration Certificate (RC)
• Driving license of the person who was riding the bike at the time of the accident
• Valid own-damage bike insurance policy
• Duly completed and signed claim form
• Any other documents requested by the insurance company

FAQs About IFFCO Tokio Own-Damage Bike Insurance Policy