Home
×

IFFCO Tokio Two Wheeler Insurance
IFFCO Tokio Two Wheeler Insurance




ADD
Compare

IFFCO Tokio Two Wheeler Insurance Terms

1 Terms
1.1 Depreciation
1.1.1 Rubber/ Nylon/ Plastic Parts/ Tyres and Tubes/ Batteries
Shriram General..
50 %
Rank: 1 (Overall)
Shriram General Two Wheeler Insurance Terms
1.1.2 Fiber Glass Components
Shriram General..
30 %
Rank: 1 (Overall)
Shriram General Two Wheeler Insurance Terms
1.1.3 Glass Components
Shriram General..
0 %
Rank: N/A (Overall)
Shriram General Two Wheeler Insurance Terms
1.2 Inclusions
1.2.1 Natural
Cyclone, Earthquake, Explosion, Fire, Flood, Frost and Rockslide, Hailstorm, Inudation, Landslide, Self-Ignition or Lightning, Tempest, Typhoon
1.2.2 Man-Made
Accident Caused By Third-Party, Any Damage Caused In Transit By Inland Waterway, Burglary, Elevator Or Air, Lift, Malicious Act, Rail, Riot, Road, Strike, Terrorist Activity, Theft
1.3 Deductibles
1.3.1 Voluntary
50% Comprehensive Policy Two Wheeler Insurance have it !
1.3.2 Compulsory
44% Comprehensive Policy Two Wheeler Insurance have it !

Inclusions In IFFCO Tokio Two Wheeler Insurance

Inclusions in IFFCO Tokio Two Wheeler Insurance may be of two types natural calamities and man-made calamities for which an insurance provider offers a coverage. This cover is available only for a Comprehensive Policy. You can file a claim for a damage caused due to any of these calamities. The natural and man-made calamities that are covered are:

  • Natural Calamities- Cyclone, Earthquake, Explosion, Fire, Flood, Frost And Rockslide, Hailstorm, Inudation, Landslide, Self-Ignition Or Lightning, Tempest and Typhoon
  • Man-Made Calamities- Accident Caused By Third-Party, Any Damage Caused In Transit By Inland Waterway, Burglary, Elevator Or Air, Lift, Malicious Act, Rail, Riot, Road, Strike, Terrorist Activity and Theft

Depreciation

Depreciation is considered by all two wheeler insurance plans on various accessories of a vehicle. It depends on the material of the accessory that is damages. As mentioned in IFFCO Tokio Two Wheeler Insurance terms, for all the parts made of rubber, nylon or plastic, 50% depreciation is considered and so is for tyres, tubes and batteries of a vehicle. Fiber glass components are depreciated by 30% but glass components are not depreciated at all. Some insurance plans also consider depreciation if the vehicle has wooden parts which is mentioned in the brochure/ policy wordings.

Deductibles By IFFCO Tokio

Deductibles by IFFCO Tokio may be voluntary or compulsory. Voluntary deductible which also called as a excess deductibles is the minimum amount chosen by a policy holder to pay as a part of the claim on his own. Opting a higher value of voluntary deductible minimizes the premiums through discounts. Voluntary deductible is not available in this policy. On the other hand, compulsory deductible is the compulsory amount which has to be paid by the policy holder at the time of claim. This amount is fixed by the insurer and has no effect on the premium. Under this policy, compulsory deductible is not available.

Let Others Know
×