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IFFCO Tokio Car Insurance
IFFCO Tokio car insurance policy is uniquely designed to legally and financially protect the insured four-wheeler from damages arising out of unforeseen contingencies. These include third-party liabilities, theft, road accidents, and natural and manmade acts. The comprehensive car insurance plan by IFFCO Tokio General Insurance Company can also be enhanced by purchasing additional covers or add-ons.
About IFFCO Tokio General Insurance Company
IFFCOTokio General Insurance Company Ltd. is a joint venture between IFFCO (Indian Farmers Fertiliser Co-operative), Tokio Marine and Nichido Fire Group. The company believes in building customer satisfaction via transparency and quick response.
With its diverse range of products, including motor insurance, the company ensures that all sorts of unfortunate events are well covered. Apart from conventional insurance services, IFFCO Tokio General Insurance Company also offers niche products like Cyber Insurance, Credit Insurance, P&I Insurance, Fine Arts Insurance and more.
Key Features of IFFCO Tokio Car Insurance
| Features | Coverage and Benefits |
| Third-Party Coverage | Yes |
| Claim Settlement Ratio | 95.8% |
| Personal Accident Insurance | Up to 15 Lakhs |
| Network Garages | 703 |
| No Claim Bonus | Yes |
| No. of Zero Dep Claims | Unlimited |
| No. of Non-ZD Claims | Unlimited |
Benefits of IFFCO Tokio Car Insurance
IFFCO Tokio car insurance offers the following features and benefits to the policyholders:
- A vast network of 4,300 network garages/workshops to provide easy claim settlement.
- The insurance company offers hassle-free claim processing and simple documentation.
- IFFCO Tokio car insurance offers a pan India helpdesk for 24x7 assistance relating to claims. Moreover, the IFFCO Tokio car insurance claim settlement ratio is 95.80%.
- The company also offers Personal Accident Coverage of up to Rs. 15 Lakh to customers under its car insurance plans.
Types of IFFCO Tokio Car Insurance Policy
The IFFCO Tokio car insurance offers three four-wheeler insurance policies. These are:
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Third-Party Liability Only Policy
The third-party car insurance plan by IFFCO Tokio General Insurance Company provides coverage to the policyholder against accidental liabilities arising out of third-party property damage, third-party injury or death involving the insured car.
Under this plan, third-party liability for injury or death is unlimited, and for property damage, it is limited to up to Rs. 7.5 lakh. Any damage sustained by the insured car is not covered under a third-party car policy.
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Standalone Motor Own Damage Policy
To cover damages to an insured car arising from accidents, calamities, theft, etc. The IFFCO Tokio General Insurance Company offers a car own damage policy. This plan can be purchased along with the third-party plan to cover the insured car additionally.
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Comprehensive Car Insurance Policy
This is an all-inclusive IFFCO Tokio car insurance policy to ensure protection from all possible catastrophes involving the insured vehicle. This plan covers a policyholder against damages sustained by the insured car due to events like a road accident, theft, fire, earthquake, etc.
The comprehensive plan also offers third-party liability cover against damages arising from road accidents involving the insured car. It can also be enhanced by purchasing additional covers at the time of purchase or car insurance renewal.
IFFCO Tokio Car Insurance Premium Calculator
By using an IFFCO Tokio Car Insurance Premium Calculator, you can calculate the estimated car insurance premium before purchasing a car insurance plan for your four-wheeler. It can help you know if the IFFCO Tokio vehicle insurance fits within your budget.
Coverage Under IFFCO Tokio Car Insurance
- Natural Calamities: Damages sustained by the insured car due to natural events, such as earthquakes, floods, typhoons, hurricanes, landslides, rockslides, etc., are included in the plan.
- Manmade Acts: Any loss or damage caused by events such as riots, strikes, malicious acts, etc., are covered.
- Theft: Damages due to burglary, theft or housebreaking are covered.
- Fire: Loss to the insured car due to fire, explosion, self-ignition or lightning are also included.
- Third-party Liability: Third-party property damage, bodily injury or third-party death.
- Damages During Transit: Any damage in transit by road, rail, inland waterway, lift, elevator or air are covered.
- Accidental Means: Any damage arising due to external accidental means is also included.
- Outside Geographical Location: Damage or liability that occurs beyond the geographic area defined in the policy document is not covered.
- Drunk Driving: No claims shall be paid for any car accident that occurred due to direct or consequential results under the influence of intoxicating liquor/drugs.
- Invalid Driving Licence: The insurer will not entertain claims if the driver is driving the insured car without a valid driving licence.
- War & Related Perils: Any loss or damage due to war and nuclear perils are not covered.
- Breakdown: Coverage for mechanical or electrical breakdown is excluded.
- Wear and Tear: Depreciation and general wear & tear incurred by the insured car are also not covered.
- Unauthorised Usage: Damages sustained by a private car used for commercial purposes are not included in the car insurance plan.
- Contractual Liability: Claims that are due to direct or indirect results of any kind of contractual agreement or any usage of a vehicle other than agreed or defined shall not be accepted under the plan benefit.
- Consequential Losses: Any kind of consequential loss to the insured car is excluded from the car insurance plan.
IFFCO Tokio Car Insurance: Add-ons
Personal Belongings Cover
The personal belongings cover compensates the policyholder in case of theft or loss of any personal belongings from the insured car.
Belongings like laptops, mobile phones, and jewellery are included.
Zero Depreciation Cover
Under the zero depreciation cover, the insurance company will compensate the policyholder with the entire amount of depreciation incurred on the insured car.
This depreciation is not covered under a standard car insurance plan.
NCB Protect Cover
A policyholder receives a No Claim Bonus discount for not claiming in the previous policy year. However, once the claim is made, he/she loses the NCB.
An NCB protect add-on cover offers protection against this loss and retains the NCB even if a claim has been made during the policy year.
Engine Protection Cover
The Engine Protection cover compensates the policyholder for the repair expenses incurred
if the insured car's engine or gearbox gets damaged due to water ingression or oil leakage.
Return to Invoice Cover
Under the return to invoice add-on cover, the policyholder will get the original invoice price of the car in case the insured car has suffered a total loss.
This cover also includes the road tax and registration charges incurred by the car owner.
Key Replacement Cover
Any damage or loss to the keys of the insured car is not covered under the IFFCO Tokio car insurance policy.
The Key Replacement cover comes to the rescue during such times and compensates the policyholder for lost or misplaced car keys in case the insured car gets stolen.
Consumables Cover
Under consumables add-on cover, the insurance company will compensate for the expenses incurred in replacing or renewing the consumables used to repair the insured car.
Consumables include the insured car's nuts, bolts, engine oil, etc..
Tyre Replacement Cover
Any tyre damage sustained by the insured car is not covered under a comprehensive car insurance policy.
However, with a tyre replacement cover, the insurer offered a replacement of the car's tyres in cases like
- Bulge in tyre
- Bursting of tyre
- Cut or damage to the tyre
Accident Cover for Car Passengers
If a passenger in the insured car sustains bodily injuries or dies,
this add-on cover will provide a lump sum compensation to the victim or family for such loss.
How to Renew IFFCO Tokio Car Insurance?
To avoid claim rejections, you should renew the IFFCO Tokio car insurance policy before its expiry date. Follow these steps for IFFCO Tokio car insurance renewal online:
Step 1: Click on the “Car Insurance” tab from the homepage of Policybazaar.com
Step 2. Enter your car number on the car insurance renewal form and view instant quotes
Step 3: In the given form, fill in the required details and select 'View Prices'.
Step 4: Select the expiry date of your motor insurance policy and details of your previous claim
Step 5: Find your IFFCO Tokio car insurance renewal plan from the mentioned plans. To view the plan details, select the 'View Policy Details' tab.
Step 6: Select the add-on covers you wish to add and select the renewal plan
Step 7: Enter the No Claim Bonus of your existing policy and proceed.
Step 8: Fill out the proposal form and proceed with premium payment.
Step 9: Once the premium is verified, you can make your payment online
Step 10: As soon as the payment is made, your IFFCO Tokio car insurance renewal will be complete. You will receive your policy documents at your registered email address.
How to File a Claim Under IFFCO Tokio Car Insurance
You can file a claim under IFFCO Tokio car insurance by following these steps:
1
Inform the Company:
Inform the car insurance company about the incident involving your car as soon as possible so that they can register your claim.
2
Keep the Required Documents Handy:
To register your claim, you must fill out the claim registration form and attach certain documents with it. Make sure to keep the relevant documents handy.
3
Car Inspection:
Once the claim has been registered, the insurance company will send a surveyor to inspect the insured vehicle and estimate the repairs needed.
4
Claim Processing:
After the inspection, the insured car will be sent to the network garage for repairs, and the company will pay for all the repairs.
If the repairs have been done in a non-network garage, you will have to pay the repair bill, and the insurance company will reimburse the amount later at the time of claim settlement.
Documents Required to Raise a Claim Under IFFCO Tokio Car Insurance
These are some mandatory documents that you will require to raise a claim under your IFFCO Tokio motor insurance policy:
- Duly signed claim form
- A copy of the Registration Certificate (RC)
- A copy of a valid driving licence
- Copy of the police complaint (FIR)
- Original repair bills
- Insurance policy papers
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FAQs
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Q1. How to pay a premium for IFFCO Tokio Car Insurance? What are the modes of payment available?
Ans: The IFFCO Tokio car insurance premium can be paid in 3 modes:- Cheque payment at the branch
- Online payment via credit card, debit card and net banking
- Payment via mobile app
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Q2. How can I contact IFFCO Tokio customer care?
Ans: IFFCO Tokio car insurance ensures 100% customer service support through its numerous branches, thickly spread across our nation and the customer care team. You can reach out to the insurer through the following means:- IFFCO Tokio customer care number
- The company’s ‘Contact Us’ form present on its official website
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Q3. How does a policyholder receive the IFFCO Tokio Car Insurance policy copy after the application?
Ans: You will receive a copy of the IFFCO Tokio Car Insurance policy via email and post. The hard copy will be delivered to your registered address by courier, while the soft copy will be sent to the e-mail ID of the policyholder registered with the insurance company.
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Q4. For how long has the IFFCO Tokio Car Insurance policy issued?
Ans: All motor insurance policies are valid for 12 months, except for brand-new cars with a 3-year third-party and 1-year OD cover. After this, you can purchase a comprehensive plan that is valid for a period of 1 year and requires renewal yearly. -
Q5. What is IDV in car insurance?
Ans: IDV refers to the Insured Declared Value of the car. This IDV is the car's current market value minus the depreciation borne by the car and its accessories. In case the vehicle suffers total loss or gets damaged beyond repair, the insurer compensates the IDV value of the insured car at the time of claim.
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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.