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IFFCO Tokio Third Party Bike Insurance v/s Comprehensive Bike Insurance
| Features | IFFCO Tokio Third Party Bike Insurance | IFFCO Tokio Comprehensive Bike Insurance |
|---|---|---|
| Coverage | Covers damage to third-party property or injuries | Covers third-party liability, own bike damage, and personal injuries |
| Legal Requirement | Mandatory as per Indian law | Optional but recommended for full protection |
| Own Bike Damage | Not covered | Covered for accidents, theft, fire, and natural disasters |
| Personal Injury Coverage | Not covered | Covered under personal accident add-ons |
| Third-Party Liability | Covers third-party property damage and injury claims | Covers third-party property damage and injury claims, plus own damages |
| Premium Cost | Lower compared to comprehensive insurance | Higher due to broader coverage |
| Add-On Covers | Not available | Available (e.g., zero depreciation, return to invoice, etc.) |
| Theft Protection | Not covered | Covered under comprehensive policy |
| Natural Disasters | Not covered | Covered (e.g., floods, earthquakes, etc.) |
| Accidental Damage | Not covered | Covered for own vehicle |
Bike Insurance Plans By IFFCO Tokio
What is Covered and Not Covered in IFFCO Tokio Third Party Bike Insurance?
Inclusions (What is Covered)It covers third-party property damage caused by your bike.This policy covers legal liabilities due to injuries or death of a third party in an accident.Give financial protection for third-party claims in case of an accident involving your bike.The policy fulfils the mandatory legal requirements for riding a bike in India.Exclusions (What is Not Covered)Damage to your own bike in case of an accident.Theft or loss of your bike.Personal injuries to the bike owner/rider.Damages caused due to natural disasters (floods, earthquakes, etc.).Damage due to man-made disasters like riots or vandalism.If the accident occurs while breaking traffic rules or riding under the influence of alcohol or drugs.Consequential damages or mechanical/electrical breakdowns.