TRACTOR INSURANCE FAQs

What are the important features of the policy?

  • Covers your tractor against different types of external damages.
  • Coverage for manmade causes like burglary, theft, accidental external damage etc.
  • Coverage against natural causes like Flood, storm, lightning, earthquake, landslide etc.
  • Coverage for third-party liabilities to any injury, death, property damage etc.
  • Option to insure paid driver & electrical accessories.
  • Huge network of authorized garages across India.

What are the benefits of buying the policy online?

  • Immediate Policy Issuance which saves your time.
  • 24x7 call centre service aid is provided by IFFCO Tokio.
  • Efficient, timely and convenient claim related experience.
  • Guaranteed fairness and transparency in claim settlement.
  • Provision of numerous trained in-house Surveyors.
  • Availability of claim bonus each for each claim-free year is not provided.

How to cancel the policy?



Cancellation Period

Refund

Within One Week of inception of cover

25% of premium

Beyond One Week of inception of cover but within 15 days of inception of cover.

12.5% of Premium

Beyond 15 days of inception of cover

NIL

We may cancel this Policy by sending 15 days’ notice in writing by Regd. A.D. to You at Your last known address. You will then be entitled to a pro-rata refund of premium for the unexpired period of this Policy from the date of cancellation, which We are liable to repay on demand. You may cancel this Policy by sending a written notice to Us. We will then arrange a refund after retaining the premium based on the following Short Period scale.