IFFCO TOKIO TWO WHEELER INSURANCE ADDONS

IFFCO TOKIO offers a wide range of add-on options to choose from when purchasing or renewing your policy. Buy these IFFCO TOKIO two-wheeler insurance addon covers with your policy to enhance your bike’s insurance coverage.

• NCB Protection

Each claim-free year earns you a No Claim Bonus which acts as a discount for your next year's premium. This discount accumulates over time if no claims are filed, but it is forfeited if even a single claim is filed. If you purchase the NCB Protection add-on cover, the insurer will protect your No Claim Bonus at renewal time, even if you have filed a claim in the previous policy year.

• Zero Depreciation Cover

Depreciation affects the value of a vehicle over time. The insurer subtracts this cost of depreciation of the replaced parts from the sanctioned amount and this impacts the claim amount. With a nil depreciation cover, the responsibility of bearing the depreciation cost from the claim amount is transferred to the insurer.

• Return to Invoice

In the event of total damage or theft of your vehicle, this add-on cover compensates the invoice value of your bike at the time of registration, original customs duty (if any), or the customs duty applicable for the new bike, whichever is less, as well as registration charges and road tax. If you have a new bike or a premium bike, it is highly recommended that you buy this addon cover.

Frequently Asked Questions

• Can I transfer my No Claim bonus when changing my insurer?

Yes, you can transfer the benefits of your no-claim bonus when you switch your insurance policy from one insurer to another. However, this can be done only up to 90 days from the policy expiry date.

• When can I buy the IFFCO TOKIO bike insurance add-on coverage and include them in my plan?

You can purchase IFFCO TOKIO bike insurance add-ons when purchasing the insurance cover or when renewing your bike’s insurance policy.

• Is it ok to not file a claim if the harm is minor?

It is preferable not to file a claim for minor repairs. As a result of not filing any claims throughout the policy period, you will receive a No Claim Bonus discount on your next year’s premium.

• Is it compulsory to purchase two-wheeler insurance addon covers?

Bike insurance add-ons are not mandatory, but they are highly recommended because they expand the coverage of your bike insurance policy.

• What should I know before purchasing a bike insurance add-on?

You should understand the coverage, features, and premium amount of a bike insurance add-on before purchasing it. Experts at Quickinsure can help you choose the best addons, with complete knowledge about the coverage of the ones you want to buy. Get in touch with us today!