IFFCO Tokio Premium Calculator
The bike insurance calculator is an online easy-to-use tool that helps you in getting the estimation of your two-wheeler insurance plan premium. In order to calculate the correct amount of premium, you need to enter a few basic details about your bike, which may include the make of your bike, model of your bike, RTO location of your bike, registration year of your bike, etc. Fill in the following details into the calculator to get the right premium amount for your IFFCO Bike insurance plan.
Third Party Bike Insurance Premium Rates
| Engine Capacity | Premium to buy a new policy (5 years plan) | Premium to renew existing policy (1 year plan) |
|---|---|---|
| Not exceeding 75cc | Rs. 1,045 | Rs. 482 |
| Exceeding 75cc but not exceeding 150 cc | Rs. 3,285 | Rs. 752 |
| Exceeding 150 cc but not exceeding 350 cc | Rs. 5,453 | Rs. 1,193 |
| Exceeding 350 cc | Rs. 13,034 | Rs. 2,323 |
Third Party Electric Bike Insurance Premium Rates
| Engine CC of the E-Bike | Third Party E-Bike Insurance Premium Prices (in ₹) (w.e.f 1st June 2022) |
|---|---|
| Up to 3 KW | ₹ 457 |
| Over 3 KW and up to 7 KW | ₹ 607 |
| Over 7 KW and up to 16 KW | ₹ 1,161 |
| Over 16 KW | ₹ 2,383 |
How to Use a Premium Calculator?
To use the calculator, follow these simple steps:
Step 1
Go to Square Insurance Brokers' official website.
Step 2
Click on "Buy Two-Wheeler Insurance."
Step 3
Enter the details of your bike’s make, model, and registration year.
Step 4
Now, it's time to choose the type of insurance coverage you want for your bike.
Step 5
Click on "Calculate Premium" to see the available plans.
Step 6
In this step, you can add any extra covers or mention any No Claim Bonus you may have.
Step 7
The calculator will then show your premium based on the details you provided.
Factors Which Determine Bike Insurance Premium
Here are some important factors that can affect the premium amount.
- No Claim Bonus (NCB)
- Insured Declared Value (IDV)
- Anti-Theft Devices
- Engine’s Cubic Capacity
- Age of the Owner
FAQs
Yes, it is completely safe to use the IFFCO Tokio bike insurance premium calculator.
Yes, the premium calculator can be used to calculate the insurance premium on older bikes too.
There are various factors that are considered to evaluate the premium of a bike insurance policy, for instance, Insured Declared Value (IDV), cubic capacity of the engine, No Claim Bonus (NCB), installing anti-theft devices, or even the age of the owner.
Yes, installing an anti-theft device can lower your bike insurance premium as it reduces the risk associated with the bike.
Yes, having a No Claim Bonus (NCB) can hugely reduce your bike insurance premium as it indicates a claim-free record.
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