General Insurance is non-life insurance product that protects certain things, having individuals or businesses value, such as vehicles, health, homes, travel, marine and other. The policy offers payment to the policyholder based on the loss incurred from a specific financial event such as flood, earthquake, fire, storm and earthquake, and from theft, accidents, or mishaps.
Few people option confuses general insurance with life insurance. However, the two terms have vast differences. Let us understand better with the table below:
|General Insurance||Life Insurance|
|Covers non-life assets like car, house, health||Covers the life risk of an individual|
|It is not a type of savings||This insurance can helps you accumulate savings for future|
|Generally it is short term contract i.e. for 1 year||Generally it is a Long-term contract|
|Payment of premium is done as lump-sum||Premium can be made in multiple years with option of monthly/yearly installments.|
|Pays sum assured in case of an eventuality such as theft or accident||Pays sum assured to the nominee in case of the death of the policyholder or on maturity|
IFFCO-Tokio General Insurance is among the largest and most reputable non-life insurance providers in India. IFFCO-Tokio General Insurance has demonstrated excellence in the field of general insurance and this has been recognized nationally through the various awards and accolades it has won. IFFCO Tokio has provided a range of insurance products across key verticals. Few key products are -
A motor insurance is mandatory for all kinds of vehicles to drive in India. A motor insurance policy provide financial protection against natural calamities, manmade incidents as well third party liabilities.
Key Features of Motor insurance policy offered by IFFCO Tokio are –
A health insurance policy provides protection against any kind of medical expenses occurring due to any kind of illness or you meet with an accident.
Key Features of Health insurance policy from IFFCO Tokio are –
7500+ Cashless Hospitals
Instant Claim Settlement
4.8 Customer ratings
Save upto ₹1,00,000 Tax Deductions under section 80D
IFFCO Tokio has specifically designed health insurance plans to provide coverage for you and your loved ones. You can also customize health insurance according to your needs. You can be in relief and peace of mind because we will be there for you when you need us.
A travel insurance policy provides protection against financial liabilities occurring due to medical emergencies when you travel beyond the Indian boundaries.
Key Features of Travel insurance policy from IFFCO Tokio are –
No medical check-up required ***
Instant Policy issuance
4.8 Customer ratings
Home insurance covers losses and damages to an individual’s residential property against natural calamities as well man-made calamities.
Key Features of Home insurance policy from IFFCO Tokio are –
Building, Content & Valuable Coverage
Super-Fast Claim Settlement
India wide network
No two homes are the same – we understand this, and that’s why we offer 3 different types of home insurance plans for you to choose from. We also offer add-on options as well so you can build a plan around your protection needs.
Until now, we have mentioned about Motor insurance, Health Insurance, Home insurance and Travel Insurance. There are many other types of general insurance, which provide coverage to your business, goods, crop, property etc. Few of other general insurance are –
Bank Locker Insurance
Micro & Rural Insurance
This policy protect the contents of a bank locker such as jewelry and other valuables in case of any loss due to accident, burglary, terrorism etc
Provide protection to your shop or small business against natural calamities like fire, earthquake, flood etc. It also offer financial help in case of any man-made calamities like burglary, robbery etc.
Types of Trade Insurance policies offered by IFFCO Tokio:
This insurance provide protection to your business against various financial risks. IFFCO Tokio offers business insurance specifically as per your requirement. Various types of business insurance are -
These types of insurance provide financial protection to the people involved in agricultural and associated activities. You can select the coverage among multiple Micro & Rural Insurance Policies available as –
A policy designed to protect economically weaker sections of the society... Read More
The policy to cover the special needs of your business like credit insurance, fine arts insurance, Errors and Omissions Indemnity cover etc. Various types of speciality insurance are -
The right cover to protect your fine art and collectibles... READ MORE
*Third party premium for Cars with engines below 1000CC. Per day premium is for indication only. Premium is payable on an annual basis.
**Third party premium for two wheeler with engines below 75CC. Per day premium is for indication only. Premium is payable on an annual basis.
*** No medical checkup required till insured age is 70 Years.