Why You Should Buy IFFCO Tokio Two-Wheeler Insurance Plan?

When you own a bike, you must purchase a bike insurance policy to protect your finances. Repairing your bike's damages in the event of an accident can be costly. A bike insurance policy will provide you with financial assistance to repair the damages to your bike as well as compensation for the loss of a third party. However, after comparing multiple bike insurance plans, it is critical to purchase your policy from a reputable insurance company. IFFCO Tokio General Insurance Company is a well-known insurance provider from which you can obtain bike insurance. Read on to learn about the advantages of getting your bike insurance from IFFCO Tokio.

Benefits of Buying Bike Insurance from IFFCO Tokio General Insurance

Purchasing bike insurance is a thought-provoking process. It is a good idea to list the advantages of purchasing bike insurance from various companies so that you can compare them and choose the best one for you. The following are some of the reasons why IFFCO Tokio General Insurance Company may be the best option for you:

• A Reputable And Trusted Company

When buying bike insurance, the first thing you should do is check to see if the insurance company is authorised and legitimate. You can find out more about this on the insurance company's website. Purchasing your bike insurance from a reputable and trusted company means that you can rely on the company to assist you financially in times of need. Checking the insurance provider's legitimacy will also protect you from fraud. IFFCO Tokio General Insurance has been serving customers for 19 years. It has also named the AI-based claim assessment of damaged vehicles the 2019 IDC Digital Transformer Award for India.

You may also like to read:- Benefits of Third-Party Bike Insurance 

• Favorable Coverage

The most important factor to consider when purchasing bike insurance is the coverage provided by the insurance plan at an affordable premium so that you are not left unprotected. IFFCO Tokio General Insurance Company provides coverage against man-made problems such as theft, road accidents, and so on, as well as road accidents, natural disasters, and so on, depending on the policy you choose. It also has a large selection of add-ons to choose from.

• Simple Claim Settlement Process

Accidents are extremely stressful situations that can result in a great deal of anxiety. It will also necessitate you arranging for exorbitant sums of money to repair your bike as well as compensate the third party for their loss. This can be extremely nerve-racking. When you purchase bike insurance, you are looking for a simple claim settlement process that will relieve you of these burdensome expenses. As a result, it is critical to compare the claim settlement processes of various insurance companies in order to choose the most convenient one. IFFCO Tokio General Insurance has made it possible for policyholders to claim their motorcycle insurance online. IFFCO Tokio has proven to be a reliable helping hand to its policyholders, with a claim settlement ratio of 95.30 percent in FY20.

• Cashless Facility 

Many insurance companies offer the Network Garages Cashless facility as the most convenient option. In the event of an accident, the repair bills for your bike will be sent directly to the insurance company if you repair it at your nearest network garage. However, it is critical to keep track of the location and number of these garages. The IFFCO Tokio General Insurance Company has a large network of cashless garages. It has over 4,300 network garages, making car repair convenient. These garages are legitimate and employ professional mechanics who will take care of your prized motorcycle.

Also Read:- What Is Personal Accident Cover In Bike Insurance? 

Take Away

Investing in a bike insurance policy that provides adequate coverage will relieve you of this burden. However, in order to choose the best bike insurance plan, it is necessary to compare different policies and consider the best features offered by the insurance company, as well as its reputation.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.