IFFCO TOKIO Home Insurance

IFFCO Tokio Home Insurance by IFFCO Tokio is a foremost General Insurance company. They are providing their services to a large customer base in India. It ranks among the top companies in India and providing a varied range of products to their customer especially designed as per their need. It is a trusted brand name among their customer. They have their expert team of Insurance analysts, who make sure to value your hard-earned money and provide you the comprehensive cover exclusively designed as per your need. They provide full transparency in their services. The entire product range is available online, so it is very convenient for the customer to buy their product at ease. Their Claim settlement process is also very fast and prompt.

Read more

IFFCO TOKIO Home Insurance

4.4 (120 reviews)
Get insurance for Home loan or Personal security in just 5 minutes.


IFFCO TOKIO Home Insurance

4.4 (120 reviews)
Get insurance for Home loan or Personal security in just 5 minutes.
What’s covered?
Violent disturbance
Fire
Natural disasters
Policybazaar advantages
365 days support system
Easy claim process
Instant online policy issuance

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*The premium of ₹ 9/month is for a pucca building with sum insured of ₹ 5 lakh at selected locations, for property age less than 40 years and policy term of 1 year. Additional premium is payable for the optional covers including contents opted.

Protect your house from calamities

cover starting just @ ₹9/month*

Step 1/2
Get Updates on WhatsApp
Compare & Save upto 28%**
By clicking on "" you agree to our Privacy Policy and Terms of Use

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*The premium of ₹ 9/month is for a pucca building with sum insured of ₹ 5 lakh at selected locations, for property age less than 40 years and policy term of 1 year. Additional premium is payable for the optional covers including contents opted.

Why one should avail Home Insurance Plan?

Own a home is one of the major milestones of life. It takes your hard-earned money and ample time to build a home of your dreams. Home is the biggest asset of anybody's life. Investment in your house is an investment for a lifetime. Therefore, to safeguard your home is of utmost importance. It is essential to save your house from some unavoidable man-made or natural calamities. It is a very costly affair to repair your house after the casualty; even you can become homeless in certain circumstances, for instance, earthquake or fire.

Home Insurance is thus a plan to provide cover to your home and its content against unforeseen tragedies. This policy may cover losses occurring to your home, its content, or loss of the other personal belongings of the house owner. It also covers any legal liability on house owner for the accidents which may happen at the policy territory.

Home insurance

IFFCO Tokio Home Insurance Policy

Home insurance policy from IFFCO Tokio provides a comprehensive plan to cover a broad range of risks and perils. This policy protects your home, its content, assets, liability, interest, and those of their family.

Two types of Home Insurance Plans are provided by IFFCO Tokio:

  • All in One Home Protector Policy
  • Home Suvidha Policy

Explore Home Insurance

All in One Home Protector Policy:-

This policy understands that your home and family are very important to you. Your love, care, money, and time are invested in your house. You can’t guard your home against all the possible risks, but you can take the steps to overcome these risks by providing total protection cover. IFFCO Tokio's All in One Home Protector Policy is a comprehensive plan to protect against all sorts of possible uncertainties.

It is an All-in-one plan which provides you the insurance cover to your home, its entire assets, liabilities, and interest of yours as well as of your family members.

What is the insured?

IFFCO Tokio provides a discount on premium if you opt for multiple cover options by selecting their various section of the policy. This plan consists of 12 different sections, under which a range of properties are covered, and you have to opt at least three of these. Below mentioned are the properties which are covered under this plan:

  • Household Appliances
  • Television/VCR/DVD Player
  • Computer, mobile phones
  • Glass fittings
  • Jewelry and other valuable stuff
  • Furniture
  • Building
  • Other household article
  • Pedal Cycle

Benefits and Features of IFFCO TOKIO Home Insurance

  • Premium is reasonably priced and pocket friendly.
  • Rebates/discounts on the premium are available.
  • This plan protects your home and its content like electronic appliances, fine arts, and other valuable items.
  • This plan also has an option to provide personal accident cover.
  • This plan also has an option to provide public liability cover.
  • This plan also provides baggage insurance (optional)
  • Covers breakdown of Domestic appliances.
  • A special feature of this plan is it provides the coverage of the contents that are kept with children who are living outside to study.
Home insurance

What is covered?

The coverage of this plan is divided into 12 different sections of which a policyholder has to select at least three:

Section 1- Fire & Allied Perils: -

As per section -1 your building as well as the different contents of the building is covered against fire, bursting, explosion, overflowing of water tanks, strikes, malicious damage, riots, earthquake, cyclone, flood, landslide, etc. This section also covers-

  • Cost to meet the terms of building regulations after damage.
  • If contents moved to any other place to be used as a short-term residence.
  • After the wedding of any member of your family, there will be an automatic increase in the amount of sum assured for 15 days before and after the wedding without any extra charges.

This section also covers the below-mentioned features with some extra premium-

  • It covers the Surveyor, Architect, and engineers’ cost during reinstatement after damage.
  • Cost for debris removal.
  • To guard against the inflation there will be an escalation in sum assured amount throughout the year.
  • Additional expenses on rent whether you are a tenant or landlord, and covers loss of rent for landlords.

Section 2- Burglary and other Perils: -

As per this section, your building as well as the different contents of the building is covered against housebreaking, robbery, burglary, or dacoity. It also covers collision damage by falling trees, lamp posts, electric poles, breakage or collapse of television or radio aerials or satellite dishes, and any damage by civic authorities in avoidance of fire.

Section 3- All Risk: -

This section provides cover to valuable items such as Jewellery, Gold, silver, other precious metals or stones, clocks, watches, video cameras, photographic instruments, microscopes, telescopes, cameras, musical instruments, sports equipment which also includes guns against accidents or calamity in anywhere in India

Section 4- Fixed Glass and Sanitary Fittings: -

This section provides cover to fixed plate glass and sanitary fittings in the house/premises of the proposer against any accidental breakage. It also includes frames or frameworks, lettering or painting, etc.

Section 5- Electronic Equipment: -

This section provides cover to electronic equipment installed at your home such as a computer, data-carrying material, fax machine, accessories, etc.

Section 6  - Home Entertainment Equipment, portable computers, and mobile phones, and Pedal Cycle: -

This section covers all the home entertainment equipment breakdown of the domestic appliance such as a portable computer, mobile phones, and data carrying material, etc against any unintentional or unanticipated damage worldwide.

This section provides covers the loss or damage to pedal cycles against Accidents or misfortunes by external means, including Third Party bodily/ personal injury or third-party property damage caused by the pedal cycle.

Section 7- Break down of Domestic Appliances: -

This section covers all the mechanical or electrical breakdown of electronic or mechanical devices such as refrigerator, Air conditioner, washing machine up to 7 years of age against any unintentional or unanticipated damage.

Section 8- Personal Accidents: -

This section covers the physical damage or death of the insured by any accident, violence, or any other external and evident means which is mentioned in the policy. This section also covers additional benefits such as ambulance charges, education funds, dead body carriage cost, damage to cloths, and rehabilitation cost to the insured person to get rid of the shock of injury, also cost for modification or repair of house or vehicle after an accident.

Section 9 – Loan Payment Protection: -

This section protects repayment of your monthly EMI for a loan against the home, vehicle, or any consumer durables, etc for a maximum period of one year in case of total disablement of the insured person due to sickness or accidental injury

Section 10- Baggage: -

This section provides cover to the baggage carried by the insured person and his/her family members against accidental loss or damage while traveling anywhere in the world for business purposes or holidays.

Section 11 – Liability Insurance: -

This section covers the legal liability of the insured person for any physical injury or loss or damage to the property of a third party. This section also covers the Workmen's Compensation liability of the insured to domestic servant working in the premises of the Insured person. This policy also covers your liability as a tenant to your landlord under the tenancy agreement for damage to the building or electrical fittings or installation due to perils covered under section 1 and section 2.

Section 12 – Increased Living Expenses: -

This section covers the cost of migration for you, your family and domestic help, emergency medical treatment cost up to a certain limit, cost of hiring furniture, and cost of removal of house content, emergency accommodation to guest house or hotel followed by damage to your home.

Important Clause: -

  • A minimum of 3 sections needs to be covered.
  • If you opt for 6 or more sections, you will get a discount in premium.
  • For Section 1, 2, 3,4,5,6, and 7 the insurance is on replacement value subject to a maximum of Sum Assured.
  • Section 1 and section 2 does not apply to clothe and linen items.
  • There are not any maximum limits specified for sum assured under any section excluding a few sub-limits for specific items.
  • Under sections 1, 2,4,5,6, and 7 if the value of the property is greater than the sum assured at the time of damage than the claim would be paid in the same proportion.
Home insurance

Exclusion under IFFCO Tokio Home Family Protector Policy:

  • Damage, deconstruction, or loss caused by war, the act of a foreign enemy, hostilities, invasion, or warlike operations.
  • Damage, deconstruction, or loss to property caused by any act of terrorism.
  • Damage, deconstruction, or loss to property is insured by – i) ionizing radiation or contamination by radioactivity from nuclear fuel or wastage from the combustion of nuclear fuel. ii) The radioactive toxins or any other hazardous properties of explosive nuclear assembly or component thereof.
  • Loss or damage caused using downgrading of the article or wear and tear or depreciation.
  • Permanent or temporary dispossession of property resulting from exclusion, commandeering, requisition or deconstruction by order of any lawful or government authority.

IFFCO Tokio Home Suvidha Policy:

It's a complete protection plan which protects your family from a wide range of perils and risks. Different Sum Assured is available under various categories; one can opt for any category as per the extent of risk.

Coverage under the Policy:

  • Fire and Allied Perils (Contents)- Contents of the building are covered against fire, bursting, explosion, overflowing of water tanks, strikes, malicious damage, riots, earthquake, cyclone, flood, landslide, etc.
  • Burglary and other perils (Contents)- Different contents of a building is covered against housebreaking, robbery, burglary, or dacoity.
  • Television and Video Equipment
  • Personal Accident- This section covers the physical damage or death of the insured by any accident, violence, or any other external and evident means which is mentioned in the policy.
  • Fire and Allied Perils-Building
  • Personal Computers- This section provides cover to electronic equipment installed at your home such as a computer, data-carrying material, fax machine, accessories, etc.

 Exclusion under IFFCO Tokio Home Suvidha Policy:

  • WAR RISK- Damage, deconstruction, or loss caused by war, the act of a foreign enemy, hostilities, invasion, or warlike operations.
  • TERRORISM DAMAGE- Damage, deconstruction, or loss to property caused by any act of terrorism.
  • NUCLEAR RISK- Damage, deconstruction, or loss to property is insured by – i) ionizing radiation or contamination by radioactivity from nuclear fuel or wastage from the combustion of nuclear fuel. ii) The radioactive toxins or any other hazardous properties of explosive nuclear assembly or component thereof.
  • If the damage caused to the property is insured by its fermentation, impulsive combustion, or natural heating.
  • WEAR AND TEAR- Loss or damage causes by mean of downgrading of the article or wear and tear or depreciation.
  • CONFISCATION- Permanent or temporary dispossession of property resulting from exclusion, commandeering, requisition, or deconstruction by order of any lawful or government authority.
  • Permanent or temporary dispossession of property resulting from unlawful activity by the person.
  • CONSEQUENTIAL LOSSES- Any indirect losses or damage like loss of earnings, loss by delay, loss of market.
  • In respect of computer 5% of the claim amount subject to a minimum of Rs. 2500/-.
  • Due to defects or faults in the commencement of insurance which is known to you or your family.
  • For manufacturing defects
  • Damage to rented or hired equipment for which the owner is responsible.
  • The cost incurred in the movement of equipment outside the policy territory except for the cost of delivery of the damaged part.
  • Damage to consumable items like bulbs, tubes, ribbons, fuses, belts, wires, chains, etc.
  • Damage while dismantling, repair, or adjustment by an unauthorized representative

Important Clause:

  • Limit of Liability- The maximum limit of liability for any damage is limited to the collective sum insured specified in the schedule.
  • Basis of Claim Settlement- For damage of insured equipment necessary expenses will be repaid which is required to restore the product in the previous form or will pay the market value of the same if the repair cost exceeds replacement cost.
  • Repair Basis-
    • No deduction of depreciation for replaced parts except for products with limited life.
    • The cost of provisional repair will be borne by the company if it is part of the final repair.
    • Reimbursement will be done after submissions of proper bills and documents.
    • Value of salvage to be taken into account in case of replacement.
    • Total Loss Basis-
      • Market value will be calculated after deducting the depreciation amount from the actual replacement value of the item.
      • If you are unable to replace the damaged item for any reason no need to submit the bills and document for the same.
      • If the damaged item subject to total loss is outdated than all the necessary costs to replace the item with the follow-up item will be reimbursed.

Special Condition:

If any damaged item will be kept in operation without being repaired to the company's satisfaction or temporary repairs are carried out without the company's consent, then the companies' liability under any section of the policy for this damaged item will be ceased.

Home insurance

IFFCO TOKIO Home Insurance - FAQs

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 120 Reviews)
Home Insurance Articles
Buying your dream house can be one of your most significant investments in life, for which you might avail of...Read more
21 Sep 2023 by Policybazaar 2476 Views
Common Inclusions and Exclusions of Home Insurance Policy In India, several insurance companies are offering various...Read more
05 Apr 2022 by Policybazaar 1354 Views
Housing society insurance is a one-stop solution for all residential societies against unforeseen damage caused by...Read more
14 Feb 2024 by Policybazaar 68 Views
The real estate market might be booming at a time or facing a dip at others – but what remains true at all times...Read more
08 Feb 2022 by Policybazaar 1837 Views
A home insurance policy plays a significant role in insuring the structure of your house,supporting structure, the...Read more
21 Apr 2022 by Policybazaar 1803 Views
Having a home of their own is a significant milestone in one's...Read more
15 Feb 2024 by Policybazaar 30 Views
Housing society insurance is a one-stop solution for all...Read more
14 Feb 2024 by Policybazaar 68 Views
Purchasing a home is one of the most financially sound decisions...Read more
07 Feb 2024 by Policybazaar 62 Views
Getting home insurance is like giving your house a financial...Read more
05 Jan 2024 by Policybazaar 130 Views
Buying your dream house can be one of your most significant...Read more
21 Sep 2023 by Policybazaar 2476 Views

Reviews & Ratings

4.4 / 5 (Based on 120 Reviews)
(Showing Newest 10 reviews)
Virendra
Bokaro, July 26, 2022
Coverage for natural calamity
I was looking for an insurance policy that provides me coverage for natural calamity. Since my house is located near a river and it floods my area in the rainy season. So i went on the Policybazaar website and particularly look for this coverage found the exact plan that provides this coverage.
Sunil
Bilaspur, July 26, 2022
Premium Calculation
I was looking for a home insurance policy online. I stumblled upon the Policybazaar website and it is one of the best online platforms to purchase home insurance policy. I learned about the insurance plan i wanted to purchase and after choosing the plan and add ons i could calculate the premium using their online premium calculator. Thanks Policybazaar.
Manish
Bikaner, July 26, 2022
Natural Calamity cover
I have recently purchased a flat and wanted to cover it with a home insurance policy. I was aware of the Policybazaar website so i thought i should give it a try. I went on their website and as i wanted to cover my flat with a natural calamity cover specifically i searched for it and without wasting a minute it showed me the natural calamity coverage.
Mohit
Amritsar, July 26, 2022
Enough coverage
I was looking for a home insurance plan online. I was fed up as i have to visit different websites to look for a single suitable insurance plan. However, i stumbbled upon Policybazaar website where i was able to find the right insurance plan that could provide me enough coverage.
Sahil
Bareilly, July 26, 2022
Nice customer service
I wanted to purchase a home insurance policy and a friend of mine suggested to purchase it from Policybazaar. I bought the policy and after that i had a confusion regarding exclusions so i called up Policybazaar customer care and they cleared out the confusion and i loved their customer service.
Jitendra
Ajmer, July 26, 2022
Qiuck claim
I purchased a home insurance policy recently. However, due to a natural calamity, my house was damaged as the pressure of the water because of flood broke the enterance door of my house. But the insurance plan that i bought got me covered and i as able to get the quickest claim possible.
Prashant
Delhi, July 26, 2022
Natural calamities covered
I bought a home insurance policy recently. As i live near a river and in the rainy season, my area gets flooded so in order to protect my house and its contents, i purchased the insurance to get coverage for such natual calamities and i am tension free now.
Sharad
Kolkata, July 26, 2022
Wide coverage
The home insurance plan that i purchased from policybazaar's website is a great plan that provides me coverage for not only the structure but also cover several expensive content of the home such as paintings, mobile phones, laptops, television, etc.
Ravi
Ahmedabad, July 26, 2022
Suitable insurance plan
I purchased the group health insurance policy from Policybazaar website. First of all, i did not have to wander much online while lookig for a home insurance plan that fits my requirement and i found the suitbale home insurance plan by comparing different plans on the website.
Yashashvi
Amritsar, June 09, 2022
Natural calamities covered
I bought a home insurance policy recently. As i live near a river and in the rainy season, my area gets flooded so in order to protect my house and its contents, i purchased the insurance to get coverage for such natual calamities and i am tension-free now.
  • Disclaimers+

    #Savings of 28% are based on the comparison between the highest and lowest premiums for a pucca building with sum insured of ₹ 1 crore at Delhi, for property age less than 5 years and policy term of 11 years.

top