IFFCO Tokio Car Insurance

IFFCO Tokio Car Insurance

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IFFCO-Tokio Motor Insurance Company

IFFCO Tokio is one of the leading insurance company which is serving from many years and catering in many insurance products. It is basically a tie-up between Indian Farmers Fertilizer Co-operative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group which is also the largest listed insurance group in Japan. The company was founded on 4th December 2000 with a vision of becoming the leader in customer satisfaction with the help of fair business, transparency, and quick response. Since its foundation, the company never looked back and offering great motor insurance solutions, offering easy insurance policies for covering all requirements and facets of motor insurance.

Iffco Tokio's insurance policies not only cater to every need that may arise when you purchase a vehicle but also promise easy claim settlements so that you get a seamless solution.

At IFFCO Tokio Motor Insurance, the vision is to provide total coverage for any sort of loss resulting from theft, damage or third - party liabilities. The company motto is to settle claims without having you to face any hassles whatsoever.

Claim Process IFFCO-Tokio Motor Insurance

IFFCO Tokio is proud to announce that it is one of the most reliable car - insurance company in the country, and how it endeavors to serve its clientele with the best possible services, is very clear from the fact that its insurance policies are all loaded with superb benefits, easy claim settlement options and an online presence the depth and quality of which is envied by all our competitors.

What is a Car Insurance? Do You Really Need A Car Insurance?

If we are answering this question from the Indian perspective, then it must be clarified at the very beginning that it is mandatory to possess car insurance in this country. Apart from that, you should also understand the significance of getting an insurance for your car. The vehicle, while moving on the road, can face many eventualities - there may be a theft, an accident, a damage, some harm caused to third - party property or life. You get total financial coverage for any sort of loss. Without insurance, you lose the self - confidence that you need to drive.

Accidents do happen. We always pray to the almighty for your safe transit. But eventualities are eventualities, and nothing can be done about accidents. The only thing that we can do is to give you and your family members as much protection as we can in the form of a comprehensive motor insurance policy.

Apart from your own self or any other occupant of the car, damages may be caused to others' properties, and there may also be a loss of life. Without a car insurance to cover such third - party damage, you may get into great trouble settling the issue. Worse will be the case if there is any chance of the victim moving the court. Without the right car insurance in place, you will have to falter in every step. We try to protect you from all such bumpy ways.

Some Key Benefits of IFFCO Tokio Car Insurance Scheme

  • All online purchases are immediately provided with receipts and policy documents that have a digital signature of the authorized persons

  • All enquires regarding the accident or damage can be conducted at home. You can arrange for free inspection in connection with the theft insurance policies.

  • The workforce in our employment is professional and highly skilled in taking care of all your queries. They can be good surveyors so that your claim settlement won't have to wait for indefinite periods.

  • 24x7 interactive voice calling support executives, who can give you solutions whenever you need them during the claim settlement process.

Motor Insurance Policies by IFFCO Tokio

The various items, variants of the same insurance policy, but made suitable for all the different situations, are available from IFFCO Tokio Car insurance. Designed in every single step to mete out solutions to you, the company provides you unparalleled motor insurance coverages, that will give you complete protection from any loss or damage that your car may suffer from, or may cause to others. Company's best policies give you an all-round on - road coverage and take care of all your liabilities that may arise due to injury caused to others or damage was done to their properties.

The online purchasing of policies, paying of the premiums in time, settling your claims have become like child's play on IFFCO Tokio online. It tries to bring smiles on your face with each new venture and attempt to serve you better. The online presence is one such attempt. The policy - holders can now sit in the comfort of their home and do all the needful, just by clicking the mouse. You must be thinking, "What a relief!" No more standing in a queue that may go on and on and on.

The offerings of motor insurance options can fill up the entire basket. Here are the main flagship insurance policies that are the most popular and offers full value for your money invested:

Car Insurance Policy

The customer will get coverage against any damage caused to his personal car. With IFFCO Tokio, you always get more benefits than the money that you pay for such services. You must also remember about the extras that you gain by opting for IFFCO Tokio's car insurance policies, like Value Auto Coverage and On Road Protector Coverage.

Key Features

  • Unlimited Zero Depreciation Cover

  • Coverage against natural causes like Flood, storm, lightning, earthquake, landslide, etc

  • Coverage against manmade causes like burglary, theft, accidental external damage, etc

  • 24X7 On Road side assistance coverage

  • Coverage for CNG/LPG fuel kit.

  • Coverage for loss or damage to electrical or non-electrical accessories

Commercial Vehicles Insurance

If you are planning to run your business venture successfully and without any sort of trouble, then your commercial vehicles must be well covered. It does not matter whether you run a small trading business, with a small commercial vehicle, or a large multinational firm with a large fleet of trucks, each must have its own insurance policy. You may have any of the commercial vehicles like a bus, taxi, matador, truck, tractor etc. your insurance should be bought specifically for that vehicle in mind.

Key Features

  • Bodily injury or death caused by the use of the vehicle is covered.

  • Any damage to the property caused by the use of the vehicle is covered.

  • Insurance policy can be issued immediately

  • Lowest turnaround time in claim settlement

IFFCO Tokio also provides insurance in the fields of health, travel, home, trading business, other types of business, micro and rural level professions and so on.

Add-on Covers for Iffco Tokio Car Insurance

Depreciation Cover

  • Depreciation associated with plastic or metals parts will be waived off in case of partial loss/ claim.

Third Party Cover

  • Offer needful cover against Third Party Liability in case of injury/ demise of a third party.

  • Offers the expenses towards any medical and legal accountability.

  • Provide damage towards third party property.

  • Needful cover up to INR 7.5 lacs can be claimed.

  • Applicable while mounting and dismounting the car.

Personal Accident Cover

  • Personal accident cover of around INR 2 lacs for individual owner-cum-driver.

  • Applicable while mounting and dismounting the car.

Iffco Tokio Car Insurance- Inclusions & Exclusions

Inclusion

  • Loss of belongings because of theft, unless the car is stolen

  • Damage caused because of fire, explosion, self-ignition or lightning.

  • Loss and/ or damage that takes place because of theft, riot, break-in, malicious acts or terrorist activities.

  • The damage that occurs because of natural calamities (floods, earthquakes, landslide/ rockslide,storms etc.).

  • Damage caused while transiting via road, rail, air, or inland waterways.

  • Cover against legal liability or property damage to a third party.

Exclusion

  • Any incidents that take place out of the stated geographical zone.

  • Losses that occur because of natural wear & tear or any consequential loss to the car.

  • No cover if the driver doesn't carry a valid license

  • Loss or damage that takes place because of driving under the influence of alcohol or drugs.

Why apply Car Insurance Online With IFFCO Tokio?

Because of the unstable conditions of the road, rash driving and traffic in India raise the numbers of the car accident in India. Apart from this, there are several threats from which you have to protect your car. Such threats are theft, vandalism, and fire. Just to protect your car from all such dangers, a comprehensive car loan is mandatory for every car owner.

IFFCO Tokio is providing a complete Car Insurance policy. It will help you in getting the desired cover against major possible damages to your car.

With the growing technology, buying car insurance online has already become very easy already. The online car insurance industry has already gained a huge popularity. Customers can enjoy various attractive benefits of purchasing car insurance online.

An IFFCO Tokio customer can enjoy the following benefits of investing in a car insurance online -

  • Quick approval

  • Less and easy documentation

  • Allows you to analyze the best car insurance policy

  • Offers complete coverage of your car against damages that takes place because of natural and man-made calamities.

  • Easy car insurance policy renewal

  • Instant issuance of 'digitally signed policy document'

  • Free inspection in case of breakage

  • Doorstep assistance is there for fresh or renewed policy covers

  • Online 'e-survey' claims option is available with low TAT in claim settlement.

IFFCO Tokio Online Payment

The Company has one of the best online portals, where you will find details of all the facilities that we provide. The one to one interaction to understand your specific requirements and then providing you with the right alternatives to motor insurance for your personal as well as commercial vehicles.

The online purchasing of policies, paying off the premiums in time, settling your claims have become like child's play on IFFCO Tokio online. It tries to bring smiles to your face with each new venture an attempt to serve you better. The online presence is one such attempt. The policyholders can now sit in the comfort of their home and do all the needful, just by clicking the mouse. You must be thinking, "What a relief!" No more standing in a queue that may go on and on and on.

The online way has already become a very popular method to acquire new policies and pay the premium for existing policies. All the solutions are at your doorstep with the online methodology.

IFFCO Tokio brings to you an array of insurance products for its customers. But before that, we may need to understand the efficacy of each of the products and their suitability.

IFFCO Tokio Car Insurance Policy Coverage

Own damage Cover This policy will offer the needful coverage against damage of vehicle that occurs because of fire, explosion, storm, typhoons, floods, hurricanes, earthquakes, landslides, malicious acts, transit by road, rail, air, lifts or inland waterways etc.
Third-party liability cover It will be there with you to fight agaisnt financial expenses that occurs because of legal expenses or claims settlement in case where your vehicle has caused some damage to a third party which has resulted in death, injuries or property damage.
Personal accident cover
  • It will offer the needful cover of Rs.2 lakhs for individual owner or driver.
  • Reimbursement of expenses that includes up to Rs.1500 for towing, redelivery or accident of your car.
  • Needful cover to fight against damage or loss of electrical and non-electrical parts associated with the car along with CNG/LPG fuel kit.
  • Personal accident cover for a few passengers.
  • A wider legal liability cover for driver or conductor.
  • If your vehicle is participating in any rallies, stay protected against damages.
Unmatched Security The online application process is very easy and quick, and also 100% secure. Thus, your investment will be safe and will provide required safety at the time of coverage.

Sum Insured and Premium with IFFCO Tokio Car Insurance

Sum Insured and IDV

There is a fixed sum for the insured that will be there to assist him/her in case of damage/loss to it (subject to the coverage policy). This fixed value is known as the Insured Declared Value (IDV) of the vehicle.

So, how is IDV of a car calculated?

After calculation and deduction, the depreciation value from the selling price of the car the figure arrived at is the Insured Declared Value.

IFFCO Tokio Car Insurance Premium

IFFCO Tokio car insurance premium depends upon two primary components. 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 want to avail the benefits of add-on covers you can easily avail the same by paying an extra premium. Add-on cover plans 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 discount on the premium paid only under the following circumstances -

  • On installing an anti-theft device

  • If you possess a membership of Automobile Association

  • If you choose a 'higher voluntary excess'

  • No Claim Bonus (NCB) - this is applicable for every claimless year.

How to claim IFFCO Tokio car insurance?

There are several factors that a person have to keep in mind while he/she claims for car insurance.

  • First, you have to informed insurance company as soon as possible. You can do the same online or by calling.

  • In case of a FIR, a FIR will be lodged to the nearest police station and the copy of the same will be attached with other documents of filing claim.

  • Once the insurance company is informed about the damage/loss/accident of the vehicle, they will forward a claim form which needs to be filled duly by the insured.

  • Fill out the form and attached the required documents that may include receipts in case of reimbursement.

  • 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.

Contact Address

IFFCO Tokio General Insurance Company Limited
Corporate Office, IFFCO Tower, Plot No. 3, Sector 29,
Gurgaon -122001,Haryana(India)
E-mail- websupport(at)iffcotokio(dot)co(dot)in
Toll Free Number: 1800-103-5499

IFFCO Tokio Car Insurance - Faq's

1. What are the benefits of buying a car insurance from IFFCO Tokio Car Insurance?

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.

2. When should the proposal form be submitted?

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.

3. When is pre-acceptance inspection necessary?

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

4. What are the discounts under IFFCO Tokio Car Insurance policy?

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

5. What happens if the insured car is sold?

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.

IFFCO Tokio Car Insurance News

Iffco Tokio is Pioneer in Embracing the Cutting Edge Technologies

Friday October 12, 2018

With over 4300+ cashless garages pan India Iffco Tokio is quite efficient in its entire claims settlement process. This is also possible because the leading Insurance company uses all the latest technology like Artificial Intelligence, Robotic Process Automation (RPA), Geo-Analytics, Machine Learning (ML) and Blockchain to enhance user experience.

Iffco Tokio is ranked at third place among motor insurance segment. In spite of its ranking, they conducted the survey on customer satisfaction. Iffco Tokio found out 30% of their customers were not happy with the claim settlement process.

Seema Gaur- Executive VP & Head of IT division at Iffco Tokio General Insurance says ” To resolve this issue they have collaborated with agencies who can facilitate with free garage services for motors. At the time of the vehicle damage, owners can upload the pics through mobile apps of Iffco Tokio. This initiative was fruitful but need to scale up across India”

Monday November 30, -0001

Monday November 30, -0001

Customer Reviews

Jasveer, Guntur
- Reviewed On 07-04-2018
"Wonderful User-Friendly"

Better Car Insurance coverage comparable to other Car insurers.

Ishita, Firozabad
- Reviewed On 05-04-2018
"Good Customer Care service"

The customer service team is very fast in resolving any kind of matter.

Ishaan, Delhi
- Reviewed On 04-05-2018
"Excellent job"

Car Policy Issuance was processed efficiently.

1

Aggregate Rating for IFFCO Tokio General Insurance Company Limited Insurance    [ 3  ]

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