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Iffco Tokio Car Insurance
  • Trusted Brand
  • 4300+ Network Garages
  • 24*7 Assistance Available
  • Quick Claim Settlement
  • Third Party Liability Coverage

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Iffco Tokio Car Insurance

Iffco Tokio is a joint venture between Tokio Marine, Indian Farmers Fertilizer Co-operative (IFFCO) and Nichido Fire Group. The company was founded on 4th December 2000 with a vision of becoming the leader in customer satisfaction through the help of fair business, transparency, and quick response. Since its foundation, the company has never looked back and keeps on offering great car insurance solutions to cater to the different needs of customers.

Types of Iffco Tokio Car Insurance Plans

Iffco Tokio offers only 2 plans to its customers- Comprehensive & Third party. We will individually take a look at each of them.

  • Third-Party Insurance: As the name suggests, this policy will have your back in a situation where you cause damage to a third party or his/her vehicle. Legally, this policy will protect you from damages such as property damage, death and/or permanent injury.
  • Comprehensive Insurance: This policy was specially designed to look after the damages caused by theft, natural & man-made disasters. It also gives personal accident cover to the owner/driver & passengers of the vehicle.

Key Advantages of Iffco Tokio General Insurance

Because of potholes on the roads, rash driving and traffic, the number of car accidents have increased in India. Apart from this, several other threats (such as theft, disasters, etc.) are constant enemies of your car. To protect them against such dangers, the car insurance has become the 'Man of the hour'.

Fortunately, Iffco Tokio General is providing car insurance to its customers which has a bucket full of benefits.

Trusted Brand

Trusted Brand

With the experience of more than 15 years in the industry, the company has proudly earned the title of 'The Most Trusted Car Insurance Provider'. Use its services to feel the power of this title.

24*7 Assistance

24*7 Assistance

The company has assigned a team of support executives whose main job is to offer solutions to customer's queries. They are the best in the market.

Ease of Buying

Ease of Buying

The company is strategically using both channels of communication (offline & online) to reach its customers. It's up to the people whether they want to visit the company's office or buy/renew the policies online.

Instant Approval

Instant Approval

Time is money and no one wants to waste their 'earning hours' waiting in the company's office to buy a policy. Iffco Tokio is smart enough to notice this factor and has introduced instant approval to buy/renew the policies.

Less & Easy Documentation

Now, minimal documentation is the popular trend in town. Fill important details, submit necessary documents & the insurance is yours.

Overall Protection

Overall Protection

It doesn't matter if a man-made/natural disaster hits your car, the cost of damage will be paid by the company. Your wallet can enjoy its 'hibernation' period.

Iffco Tokio Car Insurance: Inclusions & Exclusions

Out of all the benefits that Iffco Tokio Car Insurance offers with its car insurance plans, some basic inclusions and exclusions are always part of the story. Below is a list of the same.

Inclusions

  1. Loss of belongings because of theft, unless the car is stolen.
  2. Damage caused because of fire, explosion, self-ignition or lightning.
  3. Loss and/ or damage that takes place because of theft, riot, break-in, malicious acts or terrorist activities.
  4. The damage that occurs because of natural calamities (floods, earthquakes, landslide/ rockslide, storms, etc.).
  5. Damage caused while transiting via road, rail, air, or inland waterways.
  6. Cover against legal liability or property damage to a third party.
and

Exclusions

  1. Any incidents that take place out of the stated geographical zone.
  2. Losses that occur because of natural wear & tear or any consequential loss to the car.
  3. No cover if the driver doesn't carry a valid license.
  4. Loss or damage that takes place because of driving under the influence of alcohol or drugs.

Iffco Tokio Car Insurance - Add-on Covers

  • Zero Depreciation Cover: As the car becomes a year older, it leaves an impact on the claim settlement. This depreciated value will get deducted at the time of filing claims. However, in case you opt for zero depreciation cover, you will be liable to get the entire claim amount.
  • No Claim Bonus Protection: This is a kind of a discount/bonus that you get for every claimless year which is added to your calendar. But, you have to remember one thing. If you apply for a claim, you won't be able to avail of the benefit of this protection.
  • Engine Protection: If your engine gets jammed up, you have to pay for its repair. However, with engine protection beside your side, you will be liable to get coverage against the same.
  • Return to Invoice: Do you know what's special about this? It will allow you to grab an original invoice of the vehicle (including road tax & registration charges). People living in high theft-prone areas can really make use of it.
  • Loss of Personal Belongings: This add-on brings much help in case of loss or theft of any personal belongings from your vehicle.

Iffco Tokio Car Insurance Premium

Iffco Tokio car insurance premium depends upon two factors. They are as follows:-

  • Own Damage Premium Rate: It will be calculated in percentage. It will completely depend upon the model and age of the car.
  • Liability Premium: It is a fixed amount that depends upon the insured car.

If you need extra protection, add-on covers at reasonable prices are there at your service. It will protect your car from other vulnerable circumstances, over and above the damages covered by the primary policy.

As an Iffco Tokio car insurance customer, you are liable to get a discount on the premium paid only under the following circumstances:-

  • On installing an anti-theft device.
  • If you possess Automobile Association membership.
  • If your voluntary access is lower than NCB amount.
  • No Claim Bonus (NCB) - This is applicable to every claimless year. In other words, no claims made in each year will fetch you the bonus.

Claim Process of Iffco Tokio Car Insurance

There are several steps that a person has to keep in mind while he/she claims for car insurance. They are given below:-

  • Contact your insurance provider via call/email.
  • For cashless service, hand over your car to the network garage and leave the rest on the company. They will handle the expenses of the repairs.
  • In case of theft or stolen car, an FIR will be lodged to the nearest police station and the copy of the same will be attached with other documents of filing claims.
  • Once the insurance company is informed about the damage/loss/accident of the car, they will forward a claim form that needs to be filled duly by the insured.
  • Fill out the form and attach the required documents.
  • The insurance company will analyze the vehicle to confirm the legitimacy of the policyholder's claim. In case of a major claim, a specialist-licensed surveyor will be appointed.
  • The claim is usually settled on the agreement of 'claim amount', between the insurance company and the insured.
  • The insurance company analyzed the vehicle to ascertain the authenticity of the claim made by the policyholder. A 'specialist-licensed surveyor' is appointed in case of a major claim.
  • The claim is usually settled on the agreement of 'claim amount' between the insurance company and the insured.

Iffco Tokio General Insurance Review

Iffco Tokio is one of the finest insurance companies when it comes to buying a car insurance policy. The long list of network garages and good claim settlement ratio has attracted many potential customers towards it. The company is offering a simple process for buying and claiming its policies. With the experience of many years in the same domain, the company keeps on offering great and effective insurance policies and that too at affordable prices. It is one of the best insurance company to get your vehicle insured.

FAQs

Investing in a car insurance policy from Iffco Tokio Car Insurance will be there to help you with unique features that will make the entire process easy for the insured. The online claim settlement process online is highly easy, quick and affordable.

A proposal form should be submitted in the following situations :

  • New Business
  • Renewal by another company
  • In case of transfer of interest
  • On converting liability only cover to package policy
  • When there is a change or addition within the policy period or during the renewal of a policy.

Yes, pre-acceptance is necessary in case of break-in insurance, conversion of theft protection cover, providing coverage for imported vehicles, fresh payment received after cheque bounce, etc.

The discounts under the sane are a voluntary deductible discount, no claim bonus, automobile association discount and discount on vintage cars.

The existing policy will be transferred if the policyholder sold the car. The new owner can get it on his/her name. The buyer or transferee has to apply for transfer of insurance with Iffco Tokio Car Insurance, within 14 days from the date of purchase of a vehicle in his/her name.

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Last updated on 30-12-2019