IFFCO Tokio Value Auto Coverage
“We believe in keeping you safe”. This is a set of additional benefits
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Details about Premium
Premium will depend on the geographical area, sum insured, geographical area, cubic capacity and age of the vehicle.
Policy Details
Policy period: Policy is issued for one year.
Documents Required
Proposer needs to fill an application/proposal form to avail this policy. Insurer might ask the proposer to submit the documents of vehicle to check the purchase price and model number.
Inclusions
- Waiver of depreciation is available under this policy.
- No claim bonus can be availed under this policy i.e. reduction in premium in case of claim free renewal.
- Maximum daily rental and cost will be covered as per following table:
(For private Cars)
| IDV (Insured Declared |
Daily Rental Cost* |
| (i) Up to Rs. 4 Lacs |
Rs. 600/- |
| (ii) Above Rs. 4 lacs and up to 8 lacs |
Rs. 900/- |
| (iii) Above Rs. 8 lacs and up to Rs. 12 lacs |
Rs. 1,200/- |
| (iv) Above Rs. 12 lacs and up to Rs. 20 lacs |
Rs. 1,500/- |
| (v) Above Rs. 20 Lacs |
Rs. 2,000/- |
| (vi) As opted by insured in the Standard Private Car Package Policy. |
Value As opted by insured but not exceeding 1% (one percent) of IDV (Insured Declared Value) |
*The above figures may change. Please check the policy wordings for more details.
Insured perils are earthquake, landslide, riot, strike, fire, explosion etc.
