IFFCO Tokio is one of the leading general insurance companies in India. It 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.
|Claim settlement ratio||79.19%|
|Third-party liability cover||Up to 7.5 lakhs|
Table Data updated on 05-11-2020
The timely renewal of your car insurance policy is not only important but a mandatory thing in India. IFFCO Tokio General Insurance Company offers a simple and hassle-free online process. With the same, you can easily renew your existing insurance policy. You also can renew your car insurance policy through PolicyX.com. Let's discuss the options in detail.
IFFCO Tokio Car Insurance carries great features and benefits in its bag. Let's take a look at them.
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 always there to assist you with the needful services.
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: 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 car insurance policies.
Less & easy documentation: Now, minimal documentation is a popular trend in town. Fill important details, submit necessary documents & the insurance is yours.
Comprehensive 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.
To keep your policy active during the chosen policy tenure, you have to pay a fixed premium. To calculate car insurance premium, you can use our car insurance premium calculator.
IFFCO Tokio car insurance premium depends upon several factors. They are as follows:-
Discounts- You are liable to get a discount on the premium paid under the following circumstances:-
|Car Model||Prices||IDV*||Zero Dep cover||Estimated Premium*|
|Hyundai Xcent- 1.5 GLS (1499CC)||Rs.5,98,000||Rs.4,44,125||Rs.2,164||Rs.13,087|
|Renault Duster RXS (1498cc)||Rs.9,29,000||Rs.7,90,789||Rs.4,152||Rs. 18,620|
|TATA Nexon- XM (1198cc)||Rs.7,84,208||Rs.4,02,496||Rs.1,321||Rs.14,459|
|Mahindra Bolero EX (2523cc)||Rs.7,60,000||Rs.6,55,785||Rs.2,951||Rs.29,946|
Table Data updated on 05-11-2020
*The values are calculated on the basis of the city (Mumbai) and year of registration (2020).
IFFCO Tokio Car Insurance comes out with several add-on covers that help you to enhance the basic plan for wider coverage.
Whether it is an accident or theft or any other incident, IFFCO Tokio Car Insurance Company offers a less time-consuming claim process. You can register your car insurance claim by visiting the official website of the company. Also, while registering the claim, don't forget to keep basic information like policy number, date/time of accident/theft/fire, location of accident/theft/fire/others, and police complaint number ready with you.
To file a claim online, follow the below-mentioned steps.
Tollfree: 1800-103-5499 I (0124) 428 5499
Email id: support[at]iffcotokio[dot]co[dot]in
Registered Address: Iffco Tower, Plot No. 3, Sector 29, Gurgaon - 122001, Haryana, India.
Contact Number: 1800-4200-269/1800-4203-180
Email id: firstname.lastname@example.org
Registered Address: PolicyX.Com Insurance Web Aggregator Private Limited, 1st Floor, Landmark Tower, Plot no-2, Southcity-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India.
A proposal form should be submitted in the following situations :
Yes, pre-acceptance is necessary in case of break-in insurance, conversion of theft protection cover, providing coverage for imported vehicles, the fresh payment received after bounced cheque, etc.
The existing policy will be transferred if the policyholder has 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 offers only 2 forms of car insurance- comprehensive & Third party. The details are mentioned below.
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 property. This policy will protect you from damages such as property damage, death, and/or permanent injury.
Comprehensive Insurance: It is a complete package policy that offers coverage to you and to the third party liability as well. It will also cover damages caused by theft, natural & man-made disasters.
To stay away from the fraud cases, IFFCO Tokio car insurance excluded a few things from its car insurance policy which are mentioned below.
Deductible refers to the amount that you have to pay from your pocket in case of a claim. The same is deducted from the claim amount.
If your policy has already expired, you need to invest in a fresh insurance plan and your car will be physically inspected.
In such a case, you have to inform the insurance company immediately. Any change to your vehicle will make a difference to your plan. It can even get cancelled. Ensure that all changes are updated in your policy.
Last updated on Aug 2022