Honda Motor Co. Ltd. is one of the leading automobile brands in the world. It has made a huge name for itself as one of the best-selling brands in India. Every year we get to see an eye-catching bike model by the company on the Indian roads.
However, before you take your bike out for a ride, please make sure that you have bike insurance policy. This is because the Motor Vehicles Act of 1988 makes it mandatory for everyone to have a bike insurance policy before they can ride their bikes on Indian roads. If you do not have a bike insurance policy, you can easily get one from us at IFFCO-Tokio as we provide well-designed insurance plans to suit your needs.
When you are buying a Honda Livo two-wheeler insurance policy, you should be aware of the types of Honda Livo two-wheeler insurance policies that are available in the market. For your new Honda bike, there are two policies that you can get. One of them is the basic third-party Honda Livo two-wheeler insurance policy, and the second is the Honda Livo Insurance comprehensive bike insurance policy. You can go for the latter if you are looking to get more coverage.
You can never be sure of when you might get in an accident. No matter how careful you are, the endless traffic on the roads means that there are high chances of mishaps taking place. This is where IFFCO-Tokio’s Honda Livo insurance policy can prove to be of great help in providing financial protection in the case of such an event.
IFFCO-Tokio provides its customers with the Honda Livo two-wheeler insurance policies. Two types of bike insurance policies by IFFCO-Tokio include the third-party Honda Livo bike insurance policy which covers your liabilities towards the third-party and the comprehensive Honda Livo bike insurance policy is a type of policy that will cover the third-party liabilities as well as damage done to your bike during an accident.
As we know, buying a third-party insurance policy is mandated by law. But there are many who still prefer going for the comprehensive bike insurance policy since they receive much better coverage and get essential financial coverage.
There are two ways to get a Honda Livo two-wheeler insurance policy from IFFCO-Tokio. Here’s how:
You can visit our IFFCO-Tokio offices and talk to our experts, who will help you in buying a Honda Livo insurance policy.
You can also go to our official website and get the Honda Livo insurance policy in just 3 easy steps. Read on:
You need to go to the IFFCO-Tokio website. Provide basic information details about yourself and your bike.
You can choose a Honda Livo insurance policy for yourself after you are done filling the details. Here, you can also look at the various add-ons to include in your Honda Livo bike insurance policy.
After you are done customising your Honda Livo bike insurance policy, you can complete your payment and get your Honda Livo insurance policy shortly after.
Buying a Honda Livo bike insurance policy online has several benefits. Read on:
Buying a Honda Livo two-wheeler insurance policy online is a very easy way in which you can get your Honda Livo insurance policy in 3 easy steps.
There’s no time window when it comes to buying a policy online. You can do it at any given time of the day.
The Honda Livo two-wheeler insurance details will be sent directly to your mail inbox, leaving out the messy load of papers.
This would depend on whether you go for a third-party Honda Livo insurance policy or a comprehensive insurance policy.
Here are some recommended add-ons that can widen the coverage of your Honda bike insurance policy.
Zero-depreciation cover pays the entire claim amount without deducting depreciation value at the time of settling the claim.
This add-on keeps your no claim bonus safe even if you made a claim in the previous year.
If your vehicle is deemed a total loss, the add-on cover helps you get the original invoice price of the vehicle, including road tax and registration charges.
These are some of the standard exclusions of a bike insurance policy in India.
Types of bike insurance we provide:
Third-party insurance only covers any damage to a third party, including death, bodily harm, injury, and damage to a property in case of an accident or collision involving your bike.
Comprehensive bike insurance covers both third-party liabilities as well as own-damage to your bike. It also covers both natural and man-made calamities. These plans also allow you to include add-ons for a wider coverage!
You can also include the zero-depreciation cover to your comprehensive Honda Livo two-wheeler insurance policy. This will ensure that in case of an accident, you get complete reimbursement for part replacements without any deduction for depreciation. Great, isn’t it?
You should be aware of the following bike insurance terms before you buy the Honda Livo two-wheeler insurance policy.
Premium is the cost of your Honda Livo insurance policy. It is the amount you have to pay to enjoy Honda Livo two-wheeler insurance coverage. It is usually payable annually, except for the case of long-term plans, where it is usually paid once every 3 years.
The financial protection provided by your insurance policy is known as coverage. The coverage of a Honda Livo two-wheeler insurance policy will vary based on the insurance provider and the type of plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your Honda Livo bike insurance policy.
IDV stands for Insured Declared Value. It is the listing price of your bike minus depreciation. In case of a total loss or theft of your bike, IDV is the maximum compensation your insurance provider will offer.
NCB is a discount you get when you renew your plan after a claim-free year. This discount will keep increasing for every claim-free year. You can avail a maximum discount of 50% year after year for not making any claims against your Honda Livo insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Honda Livo two-wheeler insurance policy using some very basic information. To calculate the premium of your Honda Livo insurance plan, you must provide the following details:
Our bike and scooter insurance plans are like an extension of your protective gear. They keep you safe, wherever the road might take you! From the headlight to the tail-lamp, we’ve got you covered!
We use innovation and technology to provide you quicker and more convenient insurance solutions. For example, your policy can be issued instantly through our distribution channels. You can also use our QCS (Quick Claim Settlement) App to accelerate your claim process and get up to Rs. 20,000 transferred to your bank account within a few minutes - all with just a few clicks on your smartphone.
With close to 20 years of experience in the insurance industry, we have settled more than 8 lakh claims (in FY19) with a settlement ratio of 95.80% (in FY21). This is just one of the reasons why 1,00,000+ individuals entrust us for their bike insurance needs.
4300+ Network Garages
We provide cashless services in more than 4300 garages, which are evenly spread across the country.
Quick Claim Settlement
We offer a QCS facility under which bike insurance claims get settled seamlessly within minutes.
Trusted Brand
For 20 years, we have been servicing our customers with a wide range of insurance policies.
Claims Experience
We’ve settled a total of 8.61 lakh claims in FY2019 and have a claim settlement ratio of 95.80%.
Award Winning Protection
IFFCO-Tokio won the 2019 IDC Digital Transformer Award for India for AI-based claim assessment of damaged vehicles. We have also won the BFSI Digital Innovation Award by Express Computers, Indian Express Group, as well as the Digital Insurer of the Year 2019 by Insurance Asia News Awards for Excellence.
Wide Network of Branches
Our policies can be brought from more than 20,000 agents and branches having a wide presence throughout the country.
