Royal Enfield is one of the most famous motorcycle brands in India. People looking to go on trips on bikes have their eyes on the comfortable, slick, and stylish Royal Enfield Bullet. The rugged look, robust modification possibilities, and great road presence are a few more reasons why Royal Enfield Bullet is in growing demand in the motorcycle market.
Buying a Royal Enfield Bullet is undoubtedly an excellent choice but you also need to secure yourself against the damage costs and legal liabilities that may arise during a road accident. To do that, you must buy a Royal Enfield Bullet insurance policy. Moreover, as per The Motor Vehicles Act, 1988, you cannot ride a bike without having a proper motor insurance policy. IFFCO-Tokio can help you in this regard with its specially designed Royal Enfield Bullet insurance policies that offer complete coverage.
When it comes to buying a Royal Enfield Bullet bike insurance policy, you can either choose the basic third-party Royal Enfield Bullet insurance policy or the comprehensive Royal Enfield Bullet two-wheeler insurance plan that allows you to include different add-ons. You can easily get a Royal Enfield Bullet insurance policy that suits your requirements from IFFCO-Tokio.
The road is unpredictable; an unforeseen event can occur anytime and anywhere. This is why it is crucial for you to protect yourself with the appropriate coverage. A Royal Enfield Bullet bike insurance policy from IFFCO-Tokio will make sure that you are covered!
If you choose to go for a third-party Royal Enfield Bullet insurance policy, you will get compensated for all the costs that arise in case of an accident that involves a third party. Plus, you get covered for legal liabilities.
If you opt for a comprehensive Royal Enfield Bullet insurance policy, you will not only be secured against the expenses that arise if you cause damages to a third party but also receive compensation for expenses that arise due to own damages as well as natural and man-made calamities.
You can simply visit any of the IFFCO-Tokio branches and buy the Royal Enfield Bullet insurance policy in person. You can also receive special assistance from one of our customer service team members if required. Insurance buyers can also opt to purchase Royal Enfield Bullet bike insurance online. You just need to follow three easy steps if you choose to carry out the online procedure to buy a Royal Enfield Bullet insurance policy–
Fill in the basic information regarding yourself and your bike in the first section. Once done, you will be able to view suitable Royal Enfield Bullet two-wheeler insurance policies and add-ons.
Select a Royal Enfield Bullet insurance policy that you find the best depending on your travel requirements. You can also include add-ons if you choose a comprehensive Royal Enfield Bullet insurance cover as they are customizable
Click on ‘continue to pay’ and complete the transaction using your credit/debit card or another online mode of payment. Once that is done, your Royal Enfield Bullet bike insurance policy will be delivered to your inbox immediately!
You must buy your Royal Enfield bike insurance policy online to enjoy the following benefits:
Complete the entire process with the help of your smartphone.
Purchase the Royal Enfield Bullet two-wheeler insurance policy whenever you want without worrying about the time.
Receive the Royal Enfield Bullet two-wheeler insurance policy over email, avoiding the need of maintaining a complicated paper trail.
This would depend on whether you go for a third-party Royal Enfield Bullet insurance policy or a comprehensive insurance policy.
Here are some recommended add-ons that can widen the coverage of your Royal Enfield Bullet 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 Royal Enfield Bullet two-wheeler insurance policy 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 Royal Enfield Bullet two-wheeler insurance policy covers both third-party liabilities as well as own-damage to your bike. It also covers both natural and man-made calamities. These comprehensive Royal Enfield Bullet two-wheeler insurance plans also allow you to include add-ons for a wider coverage!
You can also include the zero-depreciation cover to your comprehensive Royal Enfield Bullet 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 Royal Enfield Bullet two-wheeler insurance policy.
Premium is the cost of your Royal Enfield Bullet insurance policy. It is the amount you have to pay to enjoy bike insurance coverage. It is usually payable annually, except for the case of long-term Royal Enfield Bullet two-wheeler insurance plans, where it is usually paid once every 3 years.
The financial protection provided by your Royal Enfield Bullet two-wheeler insurance policy is known as coverage. The coverage of a bike insurance policy will vary based on the insurance provider and the type of Royal Enfield Bullet two-wheeler insurance plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your Royal Enfield Bullet two-wheeler 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 Royal Enfield Bullet insurance plan.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Royal Enfield Bullet two-wheeler insurance policy using some very basic information. To calculate the premium, 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.
