IFFCO-Tokio 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.
The company with its diverse range of products, such as motor insurance, ensures that all the assortment of misfortune 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.
|Features||Coverage and Benefits|
|Claim Settlement Ratio||95.8%|
|Personal Accident Insurance||Up to 15 Lakhs|
|No Claim Bonus||Yes|
IFFCO Tokio car insurance offers the following features and benefits to the policyholders:
The IFFCO Tokio Car insurance offers three four-wheeler insurance policies. These are:
The third-party liability motor 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, the third-party liability for injury or death is unlimited and for property damage, the liability 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.
To cover a car owner against damages to an insured car arising due to accident, 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.
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 due to road accidents involving the insured car.
By using an IFFCO Tokio Car Insurance Premium Calculator, you can calculate 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.
A policyholder can also purchase add-on covers offered by the IFFCO-Tokio General Insurance Company to enhance the coverage of their plan. These add-ons can be purchased on the payment of an extra premium. Take a look at the various add-on covers offered by the insurance company:
This cover compensates the policyholder in case of theft or loss of any personal belongings from the insured car.
If the driver or the co-driver get injured in an accident, this cover will provide compensation to the policyholder for the expenses incurred on getting an ambulance and medical treatment.
Under the zero depreciation cover, the insurance company will compensate the policyholder with the entire amount of depreciation incurred on the insured car.
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 retain the NCB even if a claim has been made during the policy year.
In the event of the car’s breakdown at the roadside, this plan offers assistance by sending a qualified technician to the site of the incident and repair the covered vehicle. The services would cover dead battery, spare key pick-up and delivery (in case of locked keys), flat tyre services, other minor mechanical and electrical repairs at the roadside.
The Engine Protection cover compensates the policyholder for the repair expenses incurred in case the insured car's engine or gearbox gets damaged due to water ingression or leakage of oil.
Under this add-on cover, the policyholder will get the original invoice price of the car, including the road tax and registration charges, in case the insured car has suffered a total loss.
The Garage Cash cover pays the policyholder for the amount incurred on hiring another vehicle when the insured car is getting repaired in a network garage.
The Key Replacement cover compensates the policyholder for lost or misplaced car keys in case the insured car gets stolen.
Windshield Glass cover compensates the policyholder for the amount incurred on getting the broken windshield of the insured car repaired or replaced.
Under this add-on cover, the insurance company will compensate for the expenses incurred on replacing or renewing the consumables used in repairing the insured car. Consumable include nuts, bolts, engine oil, etc.
If a passenger in the insured car sustains bodily injuries or dies, this add-on cover will provide a lump sum compensation amount to the victim or its family for such loss.
Filing a claim under IFFCO Tokio car insurance is a simple process. Let’s see how you can do so:
These are some mandatory documents that you will require to raise a claim under your IFFCO Tokio motor insurance policy:
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:
Step 1: Go to the Car Insurance page on Policybazaar.com
Step 2. Enter your car number on the renewal form and view instant quotes
Step 3: In the given form, fill in the required details and select ‘View Prices’
Step 4: Select the expiry date of your motor insurance policy and details of your previous claim
Step 5: Find your IFFCO Tokio car insurance renewal plan from the mentioned plans. To view the plan details, select the ‘View Policy Details’ tab
Step 6: Select the add-on covers you wish to add and select the renewal plan
Step 7: Enter No Claim Bonus of your existing policy and proceed.
Step 8: Fill out the given proposal form and proceed with premium payment.
Step 9: Once the premium is verified, you can make your payment.
Step 10: As soon as the payment is made, your IFFCO Tokio car insurance renewal will be complete.
You will receive your policy documents at your registered email address.
Ans: The IFFCO Tokio car insurance premium can be paid in 3 modes:
Ans: You can request the cancellation of your IFFCO Tokio vehicle insurance policy by visiting the nearest branch with your policy documents. You can also contact the customer care through phone or email and request a cancellation. The refunded premium will be directly credited to your bank and intimated to you by an SMS.
Ans: IFFCO Tokio car insurance ensures 100% customer service support through its numerous branches, thickly spread across our nation, and the customer care team. You can reach out to the insurer through the following means:
Ans: Following are the documents required for IFFCO Tokio Car Insurance renewal:
In the renewal reply form, the customer can also incorporate any changes that he wishes to make in the coverage of his IFFCO Tokio Car Insurance policy.
Ans: IFFCO Tokio Car Insurance demands a proposal form from the policyholder in case of the following circumstances:
Ans: You shall receive the IFFCO Tokio Car Insurance policy copy via email as well as post. The hard copy shall be delivered to your Indian address by courier while the soft copy shall be sent to the e-mail ID of the policyholder registered with the insurance company.
Ans: All the motor insurance policies are valid for a term of 12 months, except for brand new cars that comes with 3-year third party cover. However, an extension for a term, not more than 12 months shall be acceptable with due approval from the concerned person or department, to ensure that the renewals of the policyholders fall on the same date or because of some other reason for the customer’s convenience.
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