Honda Activa Bike Insurance
When it comes to buying a scooter, the first name that pops up in people’s minds is Honda Activa. This non-geared bike is easy to ride and comes at a very affordable cost. Honda has been perfecting Activa’s engine for generations which makes the newest version of this scooter very reliable, smooth, and silent. The newest version of Honda Activa comes in six amazing colours for motorists to choose from.
Buying a Honda Activa is definitely a great decision that you can. But along with purchasing the scooter, bear in mind that you are also required to buy a Honda Activa two-wheeler insurance policy before you take your new bike for a ride. This is because it is mandatory as per the Motor Vehicles Act, 1988 that every vehicle owner possesses at least basic liability insurance for their bike.
To help you get the best coverage for your Honda Activa, we at IFFCO-Tokio offer well-designed Honda Activa two-wheeler insurance plans to suit all your needs and requirements. Choose between a third-party Honda Activa two-wheeler insurance policy and comprehensive insurance policy for your coverage needs.
Why Do You Need Bike Insurance For Your Honda Activa?
Buying Honda Activa insurance is a must as per Indian law. This is just as well for the road is quite unpredictable and accidents can happen anywhere. A single road accident can lead to expenses that can drain out your savings account.
You can decide to take basic a third-party Honda Activa bike insurance policy that covers you for legal and financial obligations that arise if you cause damages to a third-party.
You also have the liberty to customise your Honda Activa bike insurance policy by taking a comprehensive cover. You can include add-ons as per your requirements in your Honda Activa two-wheeler insurance plan and get extensive coverage for your vehicle. Moreover, a comprehensive cover offers financial assistance for personal as well as third-party damages. In addition to that, you are also secured against the damages caused by natural calamities such as floods, earthquakes, storms, etc. as well as man-made calamities such as riots, theft, etc.
How To Buy Honda Activa Bike Insurance?
It is very easy to buy Honda Activa two-wheeler insurance from IFFCO-Tokio.
You can buy Honda Activa insurance by heading one of our branches where an experienced sales representative will help you make the purchase.
You can also buy Honda Activa insurance online through our official website. All you need to do is follow the following three simple steps to complete the online purchase:
Log on to IFFCO-Tokio’s website
Go to our website, fill up your name and mobile number. After this, fill in the details about your bike regarding its model and registration number. You will then be able to view all the add-ons that are available with the Honda Activa insurance policy.
Choose a suitable insurance policy
Select a policy that fits your budget and suits your requirements. You also have the option of including add-ons in your Honda Activa bike insurance policy if you opt for comprehensive insurance.
Make the payment
When you find a suitable Honda Activa insurance policy, simply complete the payment process on our secured website. Your Honda Activa bike insurance policy will be emailed to your inbox in no time!
Why Buy Honda Activa Bike Insurance Online?
You should buy your Honda Activa bike insurance policy online to enjoy the following benefits:
Complete the entire process of buying Honda Activa two-wheeler insurance with the help of your smartphone
Purchase the Honda Activa insurance policy at anytime and anywhere according to your convenience
Receive the Honda Activa two-wheeler insurance policy over email, eliminating the need of maintaining a complicated paper trail
Honda Activa Bike Insurance – What Does It Cover?
This would depend on whether you go for a third-party Honda Activa insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
- Bodily injury or death of the third-party
- Property damage of the third-party
- Accidental death of the owner/driver of the insured vehicle (If personal accident component is included in the policy)
Coverage under a comprehensive bike insurance policy
A comprehensive Honda Activa 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:
- Loss and damage caused by manmade activities like burglary, theft, riots, and so on
- Loss of your bike caused by natural calamities such as earthquakes, floods, tsunamis, hurricanes, thunderstorms, and so on
- Personal injuries
- Third-party losses
Need More Cover? Choose From A Range Of Add-Ons.
Here are some recommended add-ons that can widen the coverage of your Honda bike insurance policy.
Zero depreciation cover
Zero-depreciation cover pays the entire claim amount without deducting depreciation value at the time of settling the claim.
No claim bonus protection
This add-on keeps your no claim bonus safe even if you made a claim in the previous year.
Return to invoice
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.
Honda Activa Bike Insurance – What Is Not Covered
These are some of the standard exclusions of a bike insurance policy in India.
Damage to accessories
Damage due to the driver’s negligence
Wear and tear of the bike
Damage during war and similar conditions
Mechanical or electrical breakdown
Damages while riding under the influence of drugs or alcohol
Our Two Wheeler Insurance Plans
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!
Comprehensive insurance with zero-depreciation cover
You can also include the zero-depreciation cover to your comprehensive Honda Activa 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?
Bike Insurance Terms You Should Know
You should be aware of the following bike insurance terms before you buy the Honda Activa two-wheeler insurance policy.
Premium is the cost of your Honda Activa insurance policy. It is the amount you have to pay to enjoy Honda Activa two-wheeler insurance coverage. It is usually payable annually, except for the case of 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 Honda Activa two-wheeler 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 Honda Activa 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.
No claim bonus
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% year after year for not making any claims against your Honda Activa insurance plan.
How To Calculate Bike Insurance Premium?
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Honda Activa two-wheeler insurance policy using some very basic information. To calculate the premium of your Honda Activa insurance plan, you must provide the following details:
- Bike manufacturer’s name
- Model number
- Manufacturing year
- Fuel type
- Policyholder’s details – name, residence address, & age
Why Choose IFFCO-Tokio?
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 useour QCS (Quick Claim Settlement) Appto accelerate your claim process and get up to Rs.20,000transferred 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.
4300+ Network Garages
We provide cashless services in more than 4300 garages, which are evenly spread across the country.
Quick Claim Settlement
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%.
Award Winning Protection
IFFCO-Tokio won the 2019 IDC Digital Transformer Award for India for AI-based claim assessment of damaged vehicles. We have also won the BFSI Digital Innovation Award by Express Computers, Indian Express Group, as well as the Digital Insurer of the Year 2019 by Insurance Asia News Awards for Excellence.
Wide Network of Branches
Our policies can be brought from more than 20,000 agents and branches having a wide presence throughout the country.
How To Make A Claim For Your Honda Activa Two-Wheeler Insurance Policy?
Through our QCS app:
If you wish to make a claim for compensation through your Honda Activa two-wheeler insurance policy, 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.
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.
I compared numerous insurance companies and found IFFCO-Tokio to be the best!
Rated by: Sanjay Jolly
IFFCO-Tokio has so many network garages so taking my bike insurance plan from them was a smart decision.
Rated by: Anjan Bhawalkar
The add-ons on my IFFCO-Tokio comprehensive two-wheeler insurance plan are great.
Rated by: Deepak Parikh
I got my Honda Hornet insured by IFFCO-Tokio and I am very happy with my decision.
Rated by: Rohit Mehta
The best garage network for its customers only from IFFCO Tokio.
Rated by: Rajesh Dabaas
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