Choose the best home insurance policy at PolicyBazaar and safeguard your house from natural and man-made disasters.
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.
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 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:
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.
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:
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-
This section also covers the below-mentioned features with some extra premium-
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: -
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.
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.
The IFFCO Tokio General Insurance Company offers 4 modes of premium payment namely:
For the online payment mode, the policyholder can pay via;
You can pay your renewal premium in 3 easy steps online if you are a registered user:
Step1: Enter your Policy details to login into e-portal
Step2: Select the payment option Debit/Credit Card or Net Banking to pay
Step3: Save or print the premium deposit receipt Walk into the nearest branch to deposit cash/cheque.
You can register the claim in the following steps:
Step 1: Intimate IFFCO-Tokio through the toll-free number immediately. Please quote your Policy Certificate Number while intimating the claim.
Step 2: Download the relevant claim form from the website of the company and request one through the call center.
Step 3: Submit Claim documents to your nearest branch.