IFFCO TOKIO Car Insurance - IFFCO TOKIO Motor Insurance Plan

IFFCO Tokio Car Insurance Plans

Life is full of uncertainty and the only way to come out of any such untoward event is being prepared for it. This implies not only for our personal life but for all our valuable possessions such our Car or Bike, we use for daily commuting.

IFFCO Tokio Car Insurance Plans has been premeditated to cater the need of those who plan well ahead for any calamity related to their four wheeler. Correspondingly to its various other plans, IFFCO Tokio ensures all the assortment of misfortune events are well covered under its Car Insurance Plan. This includes coverage for any legal liabilities following death, injury or property damage of third parties, arising out of your vehicle use.

The Key Features of IFFCO Tokio Car Insurance Plan are

  • Online Car Insurance Plan to meet the expectation of those who wants the protection of their valuable asset without sparing much of time from their busy schedule.
  • Complete peace of mind for its customer covering all possible aspects of any calamity such as from act of God, physical damage, theft etc.
  • Online enrollment, renewal and a host of other features.
    • Instant Digitally signed Plan document availed through IFFCO Tokio offices, POS centers, or for online purchases.
    • Hassle free processing and simple documentation.
    • Doorstep service for new enrollment or renewal cases, including arrangements for free inspection, in respect of break in insurance cases.
    • A vast network of 2,000 network garages/workshops to provide tranquil claim settlement.
    • Well trained in-house Surveyors to ensure that every claim is being attended within the least expected time frame
    • Usage of online e-survey claims module by both in-house and external Surveyors, for lowest TAT in claim settlement.
    • Pan India help desk for 24x7 assistance relating to claims.
    • A multitude of emergency assistance services can be availed  through IFFCO Tokio ’On Road Protector Coverage’ at a nominal extra premium, along with this Plan.
    • Unique bouquet of additional benefits available through IFFCO Tokio ‘Value Auto Coverage’ at a small extra premium, along with this Plan

Scope of Cover in Car Insurance Plan by IFFCO Tokio:

The plan is offered in two different variants

The Liability Only Plan – This has been deliberated to meet the requirements as per mandatory clauses of Motor Vehicles Act. This plan covers two most critical aspects of the motor vehicle’s act.

  • Personal accident cover: A personal accident cover of Rs. 2 lakh is provided for individual owner driver of the vehicle insured while traveling in, mounting or dismounting from the vehicle. the cover is for death and any kind of permanent disability
  • Third party legal liability: Car Insurance Plan under its Liability Only Plan provides complete protection against legal liability arising due to accidental damages, any permanent injury/ death of a person and/or any damage caused to the property for an amount up to Rs 750,000.

The Package Plan – This is a all-inclusive coverage plan to ensure protection from all possible catastrophe in future. This plan covers the below mentioned sphere in insurance

  • In the event of any loss or damage caused to the vehicle due to the natural and manmade calamities.
  • To define  Natural Calamities events such as  Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide are included in the plan
  • Any loss of damage done due to events such as Burglary, theft, riot, strike, malicious act, accident by external means, any damage in transit by road, rail, inland waterway, lift, elevator or air , are defined as manmade calamities.
  • Personal accident cover: A personal accident cover of Rs. 2 lakh is provided for individual owner driver of the vehicle insured while traveling in, mounting or dismounting from the vehicle. the cover is for death and any kind of permanent disability
  • Third party legal liability: Car Insurance Plan under its Liability Only Plan  provides complete protection against legal liability arising due to accidental damages, any permanent injury/ death of a person and/or any damage caused to the property for an amount up to Rs 750,000.
  • Reimbursement of expenses up to Rs.1, 500 following an accident to the insured vehicle, for protection, removal/towing and redelivery of the car.
  • Other Important extension covers are also available basis additional premium amount .
  • Loss/damage to electrical/non-electrical accessories and to CNG/LPG fuel kit.
  • Personal Accident Cover for unnamed passengers.
  • Wider legal liability Cover for driver/conductor.
  • Participation in rallies by the insured vehicle.

Additional Personal Accident covers are available under Private Car policies

    • PA to the Owner Driver
    • PA to the Paid driver
    • PA to the Unnamed occupants
    • PA to the Named occupants

IFFCO Tokio No Claim Bonus (NCB) :

 For those customer who haven’t made any claim in the previous year, IFFCO Tokio recompense such cases through its No Claim Bonus in various plans.

    • Can be accumulated over a period of time
    • Ranges from minimum  20% up to maximum  50%
    • For any claim once done, The no claim bonus become null & void.
    • The Validity is  90 days from the date of Expiry of the plan
    • For cases where existing vehicle is sold and a new car is purchased NCB can be utilized within 3 years
    • NCB recovery to be done in case of a Name Transfer
    • NCB gets transferred to the legal heir in case of Death of customer
    • NCB can be transferred to the New vehicle in case of Substitution of vehicle of the same class
    • NCB earned abroad can be given in India 

Exclusion under the Car Insurance Policy by IFFCO Tokio :

No compensation or reimbursement of expenses shall be paid if the loss or damage is due to the following events.

  • In the event of any loss or damage or liability which has happened beyond the geographic area as  defined in the plan documents
  • For cases where the loss or damage is due to any kind of contractual agreement.
  • For any claim which has aroused due to the usage of vehicle other than agreed or defined.
  • For any loss or damage in case the vehicle is being driven by any third person other than a Driver as stated in the Driver’s clause.
  • In the event of accident caused under the influence of intoxicating liquor/drugs.
  • Vehicle being driven without a valid license.
  • In the event of any War and nuclear perils.
  • No separate claim shall be reimbursed for any Damage to tyres/tubes unless insured vehicle is also damaged in the same incident. The maximum reimbursement could be up to 50% of replacement cost will be paid.
  • Mechanical or electrical breakdown, depreciation, wear and tear.

Value add plans by IFCCO Tokio:

IIFCO Tokio’s 24 x 7 on Road Assistance

This plan is a value adds service to those who have enrolled under Iffco Tokio’s Private Car Comprehensive Plan Purchased Online. This service not only bring a stillness in the day to day busy schedule of a customer but also lend a hand in cases of immobilization of the  vehicle during travel or at home/work.

The features of this plan are

  • Arrangement of safe towing of vehicle post any accident to the nearest authorized dealer or workshop within a radius of 100 km from the nearest IFFCO-Tokio branch city centre.
  • In the event of any technical glitch or electrical breakdown and the same can be repaired either at customer’s office, home or at the roadside, this plan offers assistance by sending  qualified technician at the site of incident and repair the covered vehicle. The services would cover , however not limited to
    • Dead battery
    • Spare Key pick-up & Delivery (in case of locked keys)
    • Flat Tyre Services
    • Other minor mechanical and electrical repairs at roadside
  • For cases where the vehicle has run out of fuel , necessary arrangement for refueling  up to 5 liters can be made. Customer may avail this facility only twice in the total term of plan.
  • In the event where customer is stranded in any remote location, apart from safe towing, arrangements for taxi shall be made on request basis under this plan.
  • Hotel accommodation can be made on request in case the covered vehicle is immobilized. The hotel bill shall be paid by the customer.
  • Services of Medical Co-ordination are available under this plan wherein IFFCO TOKIO will co-ordinate for Medical assistance or information and provide information. All cost to be paid by the customer.
  • In any unexpected event where the Insured's car is immobilized and the customer wish to contact his family or friends urgently, IFFCO Tokio on customers request will arrange a conference call for him on the number shared by him/her on the phone carried by our technician.

Exclusions under the Road Assistanceplanby IFFCO Company:

  • The above mentioned benefits are available only for customers who have enrolled online to the car insurance plans. All the terms and conditions under the plans ,  shall be solely and shall be at complete discretion of IFFCO TOKIO General Insurance Co. Ltd.

Value Auto Coverage policy by IFFCO Insurance:

A host of distinctive supplementary benefits is offered to customers who are already availing Iffco Tokio’s Motor Package Plan.

The key features are

  • 12 benefit plans to choose from depending on the coverage applicants needs. Applicants may choose any 3 plans as per their requirement.
  • The premium computation is done separately for each Section and the minimum premium for this coverage is Rs. 1,500 plus S.T. for private cars.
  • The flexibility to choose the maximum limit at the time of enrolling the plan.
  • Waiver offered on depreciation value for partial loss claims under the traditional motor insurance plan.
  • Reimbursement of difference amount between current ex-showroom price and IDV of the vehicle as mentioned in the Motor Package insurance plan for cases of complete loss claims.
  • Daily travelling allowance for a period till the settlement / claim is done
  • Additional cover on loss of personal belongings, either are damaged or stolen from the locked vehicle.
  • In cases to any eventuality with the occupant of the vehicle including driver but excluding any paid passengers
    • Enhanced personal accident cover as compared to the traditional motor insurance plan.
    • Add on coverage , over and above Rs. 750,000 limit, as per the basic Motor Plan on the  third party property damage liability cover .
    • Expenses incurred towards the removal and storage of the vehicle which are not repairable at spot and removal of debris or wreckage.

Other Important Terms & Conditions in IFFCO-Tokio Motor Insurance Plans:

  • In case of change in ownership, a fresh application should be submitted within 14 days of such change by the transferee, along with required documents and payment of fees/additional premium for the continuation of plan.
  • For expenses towards the replacement of spare parts , the depreciation shall be taken into count .Apart from this the amount of claim shall be derived post consideration of vehicle age and category of parts. Claims of this nature are also subject to a Compulsory Excess/Deductible, which depends on the c.c. of the vehicle.
  • Insured’s Declared Value (IDV) shall be derived post deduction of depreciation value ( based on the vehicle age) from the actual price as quoted by the basis manufacturer’s listed selling price and  inclusive of all accessories and parts.
    • Any further change in the plan post commencement of the plan shall have to be evidenced vide a written agreement referred as endorsement .
    • The plan is endowed to the vehicle rather the owner of the same. Hence in cases where the original applicant is selling of his vehicle to a third party, the Insurance also has to be transferred in the name of the buyer within 14 days from the date of transfer of the vehicle in his name.

Other Value Add services by IFFCO Tokio:

An amalgamation of various online services such as 

  • Online Enrollment for various Plans instantly.
  • Renewal of existing IFFCO Tokio Motor Insurance plan,
  • Renewal of Motor Insurance Plan with IFFCO Tokio which is currently with other Insurance Company,
  • In less than a minute you can purchase a Comprehensive Motor Insurance Plan for your branch new vehicle at competitive prices, click below
    • Premium Payment
    • Garage Locator
    • Branch Locator