Exclusions Under Iffco Tokio Bike Insurance
Stepping into the twenty first century commuting via two wheelers is one of the most preferred choices amongst the myriad of options available for routine commute choices in India. Looking at the traffic conditions across the country at the moment owing to road congestion, the increasing numbers of vehicles on the road and the condition of roads, people prefer two wheelers over four wheelers in India, as it saves both time and money.
What is making two wheelers a better option?
You might want to think that cars are more up to date in India with recent technological advancements and innovative motor technologies but in reality, with the consistently upgrading innovations in technology now even bikes, scooters and scooties have got a innumerable upgrade options in factors like High Speed, Disk Breaks, boot space etc. which can do well to lure the middle class customers in India and urge them to get one for themselves.
Need for a Bike Insurance:
In the same light of cutting down on the expenses of owning a personal vehicle, the extensive usage of bikes, sccoties and scooters have led to the development of a huge risk amongst the ‘two-wheeler owners’ club, as we like to term it. Not only speed but the Indian roads themselves have also been the reason for such bizarre accidents. Thus, it has now becoming important to have a bike Insurance, more than ever.
Why choose the Iffco Tokio Bike Insurance?
Bike insurances are critical when it comes to increasing life value for two wheeler commuters on the Indian roads today. IFFCO Tokio is an Insurance company that provides you an excellent financial cover against theft, any physical damage and third party liabilities in regard to your bike insurance policy. They have accommodated almost every bike insurance requirement with benefits like:
1. Cashless claim facility at their Cashless Garage Networks spread across India.
2. Their No Claim Bonus which can go as high as 50%.
3. Transferring your NCB, that is, you can transfer full benefits of your No Claim Bonus when you shift your bike insurance policy from another company to IFFCO-Tokio bike Insurance policy.
4. You also get a dedicated Renewal notice in the form of a Letter confirming the NCB entitlement from the previous insurer and an NCB declaration.
Exclusions Under Iffco Tokio Bike Insurance
Though the Iffco Tokio Bike Insurance covers a lot of terms but there are exclusions to the policy. There are some general exclusions like all other policies and there also some specific exclusions too in which case the company is not liable to pay any compensation if claimed by the insurer. They are stated as follows:
The Specific Exclusions under the Iffco Tokio Bike Insurance are stated as follows:
1. Any accidents that happen outside the geographical area of operation
2. Any Consequential loss, which includes normal wear and tear
3. Any accidents that occur when you’re driving without a valid license for that class of vehicle
4. Any accidents that occur when you’re driving under the influence of liquor / drugs
5. Any accidents that occur when vehicle you’re driving is not being used as per Limitations to use and
6. Any Mechanical or electrical breakdown, failure, etc.
7. Any willful Damage
8. Any damages to tires and tubes unless the vehicle itself is damaged at the same time or the vehicle is stolen
You may Like to read About: A Complete Guide to Motorcycle Insurance
The General exclusion under the Iffco Tokio Bike Insurance are stated as follows:
1. Any liability caused directly or indirectly by Radioactive contamination or arising from any type of ionizing and radiation.
2. Any liability caused directly or indirectly by contamination from any nuclear waste from any combustion of nuclear fuel or arising from nuclear weapons material. It shall include any self-sustaining process of nuclear fission whatsoever.
3. Any accident, loss or damage or liability directly or indirectly caused proximately or remotely occasioned by or arising out of any connection with War, Invasion, the act of foreign enemies, any hostilities, or War like operations in Civil War, Mutiny, Rebellion, Military, etc.