Motor Vehicle Insurance
Buy/Renew Motor Vehicle Insurance Policy Online
Vehicle insurance is required in India for the following reasons:
As per the Indian Motor Vehicle Act, it is mandatory to have a valid motor vehicle insurance plan to avoid legal penalties.
Get covered for potential risks and unforeseen circumstances and secure yourself from getting a financial jolt.
Motor vehicle insurance policy provides coverage for personal accident, offering financial support in case of injury or death of the vehicle owner.
Knowing you are protected against the unprecedented risks, you can rest assured without any worries.
Get your vehicle covered with our Motor Vehicle Insurance policy and secure your peace of mind with the following benefits -
Lowers the financial burden in case of theft
Coverage for loss or damage arising due to accidents.
Fire-related loss and damage is covered.
Compensation of up to Rs. 15 lakhs is given in case of injury or death of the owner of the insured vehicle.
Coverage for disasters like earthquakes, floods, tsunamis, hurricanes, etc.
Any loss or damage caused by your vehicle to third-party persons or property is covered.
We aim to provide maximum coverage for your vehicle, but under certain circumstances your vehicle might not get covered.
If you get into an accident and are found driving without a valid driving license, then you cannot claim for damages.
If the driver is not being vigilant while driving and that leads to an accident, then such losses are not covered.
Accidents caused by the consumption of alcohol or drugs will not be covered.
Any electric, non-electric, or mechanical breakdown will not be covered.
If any damage is caused due to unauthorized modifications done to the vehicle, then such damage will not be covered.
A car insurance plan provides financial protection and peace of mind for vehicle owners against potential accidents, damages, and liabilities.
Policy highlights
Coverage for own damage
Coverage for third-party liability
Choice of add-ons
Natural & manmade calamity cover
A comprehensive bike insurance plan ensures the security of the bike owners and the two-wheeler in case of loss or damage due to accidents, thefts, or third-party liabilities.
Policy highlights
Coverage for own damage
Coverage for third-party liability
Coverage for natural & manmade risks
Personalized plans
Get coverage for your commercial vehicles like trucks, taxis, vans, buses, etc., against various external damages such as theft, accidents, natural disasters, and liabilities.
Policy highlights
Coverage for own damage & third-party liability
Coverage for natural & manmade risks
Personal accident coverage
Choice of add-ons
With IFFCO Tokio Motor Insurance, you get-
24*7 Reliable Support
Instant Quotes
Complete Coverage
Cashless Garage Network
Secure Payments
Our customers have rated us
Based on 4790 reviews
Covers all my trucks at an affordable price.
Valuable and very prompt roadside assistance service.
NCB benefits help save money on renewal.
I recommend Iffco-Tokio insurance to all car owners.
No long wait times-queries resolved instantly.
Full transparency in premium calculation.
Key Features |
Benefits of IFFCO-Tokio |
Own Damage Cover |
Available |
Third-Party Liability Cover |
Available |
Comprehensive Cover |
Available |
Claim Settlement |
Simple and quick |
Easy Claims |
Settle claim within 4 hours |
Customizable with Add-ons |
Boost your basic plan with choice of add-ons |
Cashless Repair Facility |
Quick assistance across network garages |
Savings |
Up to 70% savings on vehicle insurance premium with online purchase |
Personal Accident (PA) cover |
Up to ₹15 lakhs |
24×7 access |
Buy or Renew your Motor insurance policy anytime via website |
You have multiple options to register a claim for your motor vehicle insurance:
A claim can be raised online in three easy steps:
Intimation -Intimate your claim by any of the method suggested above.
Survey -A survey would be conducted to analyse the damage to the property.
Claim Settlement -Claim settlement process would be initiated.
Intimate
Survey & Verify
Settle
At IFFCO Tokio, we aim to simplify your buying or renewing journey process. In a few clicks, you can generate a quotation, purchase a new policy, or renew an existing policy, all within minutes. Just follow these simple steps to experience a hassle-free process:
Fill in your vehicle number
Choose type of coverage
Make the payment
Fill in the vehicle number and policy number
Verify details of policy
Make the payment
Have a look at the benefits of buying or renewing motor vehicle insurance online-
The comfort of purchasing or renewing a motor insurance policy online is unmatched. Easily research and compare policies from anywhere at any time.
Skip the hassle of standing in lines and easily purchase or renew your motor vehicle insurance only.
No need to worry about the business hours as our online platforms are available around the clock for browsing and buying.
By filling in basic information like vehicle number and coverage type, you get real-time premium quotes based on your vehicle information and coverage preferences.
With no involvement of agents and reduced administrative costs, you save significantly on premium costs.
Once you make the payment for your motor vehicle insurance policy online, you get your policy documents mailed to you instantly, ensuring immediate coverage.
With easy access to digital policy documents and reduced carbon footprint, we contribute to a healthier environment.
We value our customers, and hence all policy-related terms & conditions are clearly stated to help you make informed decisions.
Secure payment gateways protect your personal and financial data.
Avail cashless services across 4300+ garages in India.
Reliable and prompt customer assistance round the clock.
Quick response and assistance is provided in case of flat tyre, towing, etc.
Personalize your motor insurance policy with choice of add-ons.
Settle claims faster via the QCS facility for claims up to Rs. 50,000.
Serving our customers with an array of insurance solutions from the past 24 years.
Whether you are buying a car, bike, or commercial vehicle, the types of coverage under motor insurance are classified into two types:
Comprehensive Motor Insurance: A comprehensive motor insurance policy covers both own damage and third-party liabilities under one umbrella. The premium of this type of plan is usually on the higher side, as it gives a wider scope of coverage and complete protection.
Third-Party Motor Insurance: A third-party motor insurance policy is a standalone plan that only covers third-party losses or damages. This is a mandatory insurance plan but offers very limited coverage with no benefit for your own vehicle.
Lets compare both motor insurance coverages-
| Covers and benefits | Comprehensive Motor insurance | Third Party Motor insurance |
|---|---|---|
| Accident damages | Yes | NO |
| Theft | Yes | NO |
| Fire | Yes | NO |
| Natural Calamities | Yes | NO |
| Riots and Strike | Yes | NO |
| Transit Damage | Yes | NO |
| Customization of IDV value | Yes | NO |
| Personal accident cover | Yes | Yes |
| Third party property damage | Yes | Yes |
| Injury to a third party person | Yes | Yes |
Coverage Options:Type of Insurance Plan: Based on your motor insurance needs, evaluate and choose among the third-party liability, own damage, or comprehensive, and ensure it aligns and fits within your budget.
Policy Inclusions and Exclusions: Understand the scope of coverage to ensure what's covered and what's not included in your motor insurance policy to avoid last-minute confusions.
Add-Ons: Boost your motor insurance policy with relevant add-ons like zero depreciation, roadside assistance, and engine protection for enhanced coverage.
Cashless Garages: Opt for a plan that offers a good network of cashless garages to ensure reliable assistance in the hour of need. You can use “Garage Locator” to find a network garage in your area.
Insurance Company Features:Claim Process: Understand the claim process of the insurance company in advance to have a smooth claim procedure when needed.
Claim Settlement Ratio: Look for insurers with a good claim settlement ratio like IFFCO Tokio to ensure hassle-free claims.
Customer Reviews: Review the insurer’s capability in handling customer queries and read customer reviews to assess their service quality and responsiveness.
Policy Renewal Process: Get an understanding of the renewal process prior for better clarity.
Vehicle Type & Usage Pattern:Vehicle’s Details: The vehicle's make, model, and age influence the premium of the motor vehicle insurance policy.
Vehicle Value: A higher vehicle value can lead to a higher premium.
Type of Use: The vehicle’s frequency of use, driving style, and purpose of usage (personal use or commercial use) also impact the premium amount.
Location: Areas with high traffic, like populated cities or higher crime rates, might lead to higher premiums due to increased risk.
Coverage Type:Type of insurance plan: The scope of coverage majorly decides the premium cost for a motor vehicle insurance policy. Comprehensive coverage costs more than basic third-party policies but offers better protection.
No Claim Bonus: With a history of claim-free years, you get rewarded with discounts up to 50% on motor insurance premiums.
Deductibles: When you opt for a higher out-of-pocket expense, you can lower the premium amount significantly.
Add-Ons: If you choose to enhance your motor insurance coverage with add-ons, then you need to pay a slightly higher premium.
