When you hear the name Suzuki, it instantly brings to mind the image of Maruti Suzuki cars. But Suzuki is also a major player in the Indian two-wheeler market. Suzuki has had a two part journey in the Indian market, first entering as a joint partner with a Indian two-wheeler company, then making a comeback as a solo player, and it is in these second innings that it has managed to stay consistent in its performance and this Japanese company has never looked behind ever since then.
Suzuki offers affordable options such as Suzuki Access, Suzuki Burgman Street as well as the sporty bikes such as Suzuki Gixxer, Suzuki Hayabusa to name some. Make sure that you also buy a Suzuki two-wheeler insurance that will provide you sufficient coverage in the event of any accident. The Motor Vehicles Act of 1988 has made it mandatory for everyone to have at least a basic third-party bike insurance which would allow them to ride on Indian roads. And at IFFCO-Tokio, you will be able to buy yourself the best policy possible.
When planning to buy a bike insurance, you can go for the basic third-party Suzuki two-wheeler insurance which provides general coverage, or you can go for the comprehensive Suzuki two-wheeler insurance which provides additional coverage with extra features. IFFCO-Tokio will help you in choosing the best Suzuki two-wheeler insurance as per your requirement.
Suzuki may have had the chance to perform better in its second innings, but as a rider, accident are an inevitable part of it and you may not have a second inning at all if you aren’t better prepared. And the major part of that preparation is to get yourself a Suzuki two-wheeler insurance from IFFCO-Tokio.
The basic third-party Suzuki bike insurance plan offers you financial coverage for all your legal and financial liabilities for the damages faced by the third-party in case of an accident, if you decide to go with that one.
The comprehensive Suzuki bike insurance plan will provide financial coverage to you as well as the third-party for any loss/damage that might occur due to any natural/manmade calamity, thus offering you ample financial protection.
You can buy Suzuki insurance by going to any of the IFFCO-Tokio branch and buying the policy in person. Similarly, you can visit the IFFCO-Tokio website and look for the Suzuki insurance there. You can buy your Suzuki two-wheeler insurance plan from the website with ease.
The following are the two ways of buying your Suzuki two-wheeler insurance plan from IFFCO-Tokio:
You can go to a local IFFCO-Tokio office and ask to buy Suzuki insurance, and you will be given the best assistance in buying the policy.
You can also visit the IFFCO-Tokio website and buy Suzuki insurance from there in 3 simple steps-
Once on the website, first log-in, fill your contact details, then bike details like its model and registration number, after which you can the details of all the Suzuki insurance plans.
When you select the comprehensive Suzuki bike insurance plan, you will get the option to add extra features and add-ons to it.
After selecting the Suzuki insurance and adding all the features, you can then proceed to pay for it. Once the payment is done, you will receive your Suzuki bike insurance plan via mail.
The benefits of buying your Suzuki bike insurance plan online are:
Buying the policy online takes happens in a few clicks and doesn’t require you to go out at all.
You can buy your Suzuki insurance any time of the day you what without any problems.
As you will be using soft copies of the documents, you will be saving money and paper by not having make physical copies of the documents.
This would depend on whether you go for a third-party Suzuki insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Suzuki insurance policy is considered to be the ideal choice for any policyholder. This is because this type of policy covers the third-party and also the policyholder. Here’s what the policy covers:
Widen the coverage of your Suzuki bike insurance policy with our range of add-ons.
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 Suzuki 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 Suzuki two-wheeler insurance policy.
Premium is the cost of your insurance plan which you pay to enjoy bike insurance coverage. It is usually payable annually, except for 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 bike 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 Suzuki 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% every year.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Suzuki 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.
We provide cashless services in more than 4300 garages, which are evenly spread across the country.
We offer a QCS facility under which bike insurance claims get settled seamlessly within minutes.
For 20 years, we have been servicing our customers with a wide range of insurance policies.
We’ve settled a total of 8.61 lakh claims in FY2019 and have a claim settlement ratio of 95.80%.
IFFCO-Tokio won the 2019 IDC Digital Transformer Award for India for AI-based claim assessment of damaged vehicles, and the BFSI Digital Innovation Award by Express Computers, Indian Express Group.
Our policies can be brought from more than 20,000 agents and branches having a wide presence throughout the country.
Through our QCS app:
If you wish to make a claim for compensation, you can do so using our QCS (Quick Claim Settlement) app. All you have to do is upload related documents, photos, and videos of the damages you want to make a claim for. We will review the documents and other details uploaded by you and approve your claim (we have a claim settlement ratio of 95.80%). After this, the estimated amount for repairs will be sent to your bank account within minutes. Please note, for claims made through an application, the maximum claim amount will be Rs. 20,000.
Online/telephonic claims:
You can register a claim for compensation online or by reaching us on 1800-103-5499. To make a claim online, you will have to log in with your registered Email ID and Password. When you log in, go to ‘make a claim’ option and follow the steps mentioned. If you register a claim over a call, our customer care executives will guide you with further procedure.
Two-Wheeler Insurance
The quality of service has improved overtime.
Rated by: Sandhya Pillai
Two-Wheeler Insurance
I filed for my bike insurance claim online and this was the fastest renewal I ever experienced.
Rated by: Abhinav Rathore
Two-Wheeler Insurance
Nothing matches the quality of service offered by IFFCO Tokio.
Rated by: Abhay Nair
Two-Wheeler Insurance
It’s been 3 years I have got the two wheeler insurance policy from IFFCO Tokio and it is extremely good.
Rated by: Kantilal Gala
Two-Wheeler Insurance
Reliable coverage, hassle-free claims process
Rated by: Suman Bijlani