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IFFCO Tokio Car Insurance
- IFFCO Tokio Third Party Car Insurance
IFFCO Tokio Third Party Car Insurance
IFFCO Tokio third party car insurance provides coverage for third party legal liabilities of the policyholder. It is the most basic car insurance plan offered by IFFCO Tokio General Insurance Company. It provides coverage against legal liabilities imposed due to causing property damages or bodily injuries to third parties during an accident involving the insured car.
Benefits of IFFCO Tokio Third Party Car Insurance
Following are the benefits of buying IFFCO Tokio third party car insurance:
- Financial Aid - This car insurance policy provides financial aid to the car owner in case he/she accidentally causes damages or injuries to third parties by the insured car.
- Legal Obligation - It helps the car owner to fulfil the legal obligation of having a third party insurance cover for his/her car under the Motor Vehicles Act, 1988.
- Affordable Premium - The IFFCO Tokio third party insurance is extremely affordable as compared to the comprehensive policy as it only offers the mandatory third party insurance cover.
- Financial Loss - It covers the policyholder for any unforeseen third party legal liabilities arising out of the insured car, thereby, preventing him/her from incurring a major financial loss.
- Stress-Free Driving - Having a third party insurance promotes driving without any worries as the car owner will be covered against any accidental third party liabilities arising out of his/her car.
Coverage Under IFFCO Tokio Third Party Car Insurance
- Coverage for any third party bodily injuries caused by the insured car in an accident is offered under this type of car insurance.
- The car insurance covers the policyholder against any accidental damages caused to the vehicle of a third party by the insured car.
- It provides coverage against any accidental damages to the property of the third party for up to Rs 7.5 lakh caused by the insured car.
- The IFFCO Tokio third party insurance does not pay for any loss or damages caused to the insured car due to incidents, such as natural calamities, accidents, etc.
- It does not provide coverage for the depreciating value of the insured car.
- Claims cannot be raised for any loss or damages to the insured car resulting from war or related activities.
- It does not pay for the repair expenses incurred on regular wear and tear of the insured car.
- No compensation is paid in case the driver was drunk or driving without a valid driving licence.
How to Purchase IFFCO Tokio Third Party Car Insurance Policy?
Follow these steps to purchase an IFFCO Tokio third party insurance policy online:
- Visit the official website of Policybazaar Insurance Brokers Private Limited (Policybazaar.com)
- Enter your car number on the given form
- On the next page, select your car's RTO, make, model, variant and other details
- Proceed with viewing car insurance quotes
- From the list of plans, select IFFCo Tokio third party policy
- Pay the final premium and your car insurance policy document will be mailed to you.
Documents Required to Raise an IFFCO Tokio Third Party Car Insurance Claim
The following documents are required to raise a third party car insurance claim:
- Proof of insurance policy
- Copy of vehicle registration book
- Copy of driving licence
- Police FIR
- Estimate for repairs
- Any other situation-specific document
- Claim form
FAQs
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Q1. How is IFFCO Tokio third party car insurance price decided?
Ans: The premium of IFFCO Tokio third party insurance is decided by the IRDAI based on the engine capacity of the car. -
Q2. How to raise an IFFCO Tokio third party insurance claim?
Ans: To raise a claim under IFFCO Tokio third party car insurance, apply for a car insurance claim at the Motor Accident Claims Tribunal as well as inform your insurer about the same. The MACT will then decide upon the compensation to be paid under the claim. -
Q3. What is the validity of third party insurance?
Ans: A third party car insurance policy is valid for one year after which it has to be renewed yearly. However, for brand new cars, a third party car insurance policy is offered for 3-years along with a 1-year OD cover.
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Car insurance companies
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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Read more#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*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.