Most Trusted Car Insurance
IFFCO Tokio Car Insurance
IFFCO Tokio car insurance policy is uniquely designed to legally and financially protect the insured four-wheeler from damages arising out of unforeseen contingencies. These include third-party liabilities, theft, road accidents, and natural and manmade acts. The comprehensive car insurance plan by IFFCO Tokio General Insurance Company can also be enhanced by purchasing additional covers or add-ons.
About IFFCO Tokio General Insurance Company
IFFCOTokio General Insurance Company Ltd. is a joint venture between IFFCO (Indian Farmers Fertiliser Co-operative), Tokio Marine and Nichido Fire Group. The company believes in building customer satisfaction via transparency and quick response.
With its diverse range of products, including motor insurance, the company ensures that all sorts of unfortunate events are well covered. Apart from conventional insurance services, IFFCO Tokio General Insurance Company also offers niche products like Cyber Insurance, Credit Insurance, P&I Insurance, Fine Arts Insurance and more.
Key features of IFFCO Tokio Car Insurance
Third-Party Coverage
Yes
Claim Settlement Ratio
N/A
Personal Accident Insurance
Up to 15 Lakhs
Network Garages
703
No Claim Bonus
Yes
No. of Zero Dep Claims
Unlimited
No. of Non-ZD Claims
Unlimited
Benefits of IFFCO Tokio Car Insurance
IFFCO Tokio car insurance offers the following features and benefits to the policyholders:
A vast network of 4,300 network garages/workshops to provide easy claim settlement.
The insurance company offers hassle-free claim processing and simple documentation.
IFFCO Tokio car insurance offers a pan India helpdesk for 24x7 assistance relating to claims.
The company also offers Personal Accident Coverage of up to Rs. 15 Lakh to customers under its car insurance plans.
Types of IFFCO Tokio Car Insurance Policy
The IFFCO Tokio car insurance offers three four-wheeler insurance policies. These are:
Third-Party Liability Only Policy
The third-party car insurance plan by IFFCO Tokio General Insurance Company provides coverage to the policyholder against accidental liabilities arising out of third-party property damage, third-party injury or death involving the insured car.
Under this plan, third-party liability for injury or death is unlimited, and for property damage, it is limited to up to Rs. 7.5 lakh. Any damage sustained by the insured car is not covered under a third-party car policy.
Standalone Motor Own Damage Policy
To cover damages to an insured car arising from accidents, calamities, theft, etc. The IFFCO Tokio General Insurance Company offers a car own damage policy. This plan can be purchased along with the third-party plan to cover the insured car additionally.
Comprehensive Car Insurance Policy
This is an all-inclusive IFFCO Tokio car insurance policy to ensure protection from all possible catastrophes involving the insured vehicle. This plan covers a policyholder against damages sustained by the insured car due to events like a road accident, theft, fire, earthquake, etc.
The comprehensive plan also offers third-party liability cover against damages arising from road accidents involving the insured car. It can also be enhanced by purchasing additional covers at the time of purchase or car insurance renewal.
IFFCO Tokio Car Insurance Premium Calculator
By using an IFFCO Tokio Car Insurance Premium Calculator, you can calculate the estimated car insurance premium before purchasing a car insurance plan for your four-wheeler. It can help you know if the IFFCO Tokio vehicle insurance fits within your budget.
Covered/Not covered Under IFFCO Tokio Car Insurance
What is Covered?
Natural Calamities
Damages sustained by the insured car due to natural events, such as earthquakes, floods, typhoons, hurricanes, landslides, rockslides, etc., are included in the plan.
Manmade Acts
Any loss or damage caused by events such as riots, strikes, malicious acts, etc., are covered.
Theft
Damages due to burglary, theft or housebreaking are covered.
Fire
Loss to the insured car due to fire, explosion, self-ignition or lightning are also included.
Third-party Liability
Third-party property damage, bodily injury or third-party death.
Damages During Transit
Any damage in transit by road, rail, inland waterway, lift, elevator or air are covered.
Accidental Means
Any damage arising due to external accidental means is also included.
What is not Covered?
Outside Geographical Location
Damage or liability that occurs beyond the geographic area defined in the policy document is not covered.
Drunk Driving or Invalid Licence
No claims shall be paid for any damage when driving under the influence of alcohol or drugs or without a valid driving licence.
War & Related Perils
Any loss or damage due to war and nuclear perils are not covered.
Wear & Tear or Breakdown
Damage from usual wear & tear, depreciation, or mechanical & electrical breakdowns is not covered.
Unauthorised Usage
Damages sustained by a private car used for commercial purposes are not included in the car insurance plan.
Contractual Liability or Consequential Losses
Any loss or damage arising from contractual obligations, policy violations, or any indirect loss from an insured event is not covered.4
IFFCO Tokio Car Insurance Add-Ons
Personal Belongings Cover
The personal belongings cover compensates the policyholder in case of theft or loss of any personal belongings from the insured car.
Belongings like laptops, mobile phones, and jewellery are included.
Zero Depreciation Cover
Under the zero depreciation cover, the insurance company will compensate the policyholder with the entire amount of depreciation incurred on the insured car.
This depreciation is not covered under a standard car insurance plan.
NCB Protect Cover
A policyholder receives a No Claim Bonus discount for not claiming in the previous policy year. However, once the claim is made, he/she loses the NCB.
An NCB protect add-on cover offers protection against this loss and retains the NCB even if a claim has been made during the policy year.
Engine Protection Cover
The Engine Protection cover compensates the policyholder for the repair expenses incurred if the insured car's engine or gearbox gets damaged due to water ingression or oil leakage.
How to Renew IFFCO Tokio Car Insurance?
To avoid claim rejections, you should renew the IFFCO Tokio car insurance policy before its expiry date. Follow these steps for IFFCO Tokio car insurance renewal online:
How to File a Claim Under IFFCO Tokio Car Insurance
You can file a claim under IFFCO Tokio car insurance by following these steps:
Inform the Company
Inform the car insurance company about the incident involving your car as soon as possible so that they can register your claim.
Keep the Required Documents Handy
To register your claim, you must fill out the claim registration form and attach certain documents with it. Make sure to keep the relevant documents handy.
Car Inspection
Once the claim has been registered, the insurance company will send a surveyor to inspect the insured vehicle and estimate the repairs needed.
Claim Processing
After the inspection, the insured car will be sent to the network garage for repairs, and the company will pay for all the repairs. If the repairs have been done in a non-network garage, you will have to pay the repair bill, and the insurance company will reimburse the amount later at the time of claim settlement.
Documents Required to Raise a Claim Under IFFCO Tokio Car Insurance
These are some mandatory documents that you will require to raise a claim under your IFFCO Tokio motor insurance policy:
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FAQs - IFFCO Tokio Car Insurance
-
How to pay a premium for IFFCO Tokio Car Insurance? What are the different payment modes?
The IFFCO Tokio car insurance premium can be paid via cheque payment at the branch and online via cards, netbanking, or UPI. -
How can I contact IFFCO Tokio customer care?
You can reach out to IFFCO Tokio’s customer care team via their contact number, email, or by using the 'Contact Us' form on their official website. -
How does a policyholder receive the IFFCO Tokio Car Insurance policy copy after the application?
You will receive a copy of the IFFCO Tokio Car Insurance policy via email and post. The hard copy will be delivered to your registered address by courier, while the soft copy will be sent to the e-mail ID of the policyholder registered with the insurance company. -
For how long has the IFFCO Tokio Car Insurance policy issued?
All motor insurance policies are valid for 12 months, except for brand-new cars with a 3-year third-party and 1-year OD cover. After this, you can purchase a comprehensive plan that is valid for a period of 1 year and requires renewal yearly. -
What is IDV in car insurance?
IDV refers to the Insured Declared Value of the car. This IDV is the car's current market value minus the depreciation borne by the car and its accessories. In case the vehicle suffers total loss or gets damaged beyond repair, the insurer compensates the IDV value of the insured car at the time of claim.
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#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
+Savings are based on the maximum discount on own damage premium as offered by our insurer partners.
^Lowest Price Guaranteed is based on certifications shared by insurers with us. Policybazaar will facilitate price matching subject to the terms and conditions of select insurers.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.
