IFFCO-Tokio provides extensive coverage to protect your motor vehicle from every risk. It gives you a complete ‘on-road protection’ facility.
Legal liability to third-party in case of injury, death or property damage.
Personal Accident cover offers compensation to the owner if they get injured while getting in or out of the vehicle or while traveling.
If the insured vehicle meets with an accident, the owner gets reimbursed for towing, protection and redelivery of the vehicle.
On payment of the additional sum, the coverage can be extended as a part of the policy. These include Personal Accident cover for passengers, Loss or damage of electrical or non-electrical accessories, etc.
Return to Invoice: This add-on helps you get the original invoice price of the vehicle, including road tax and registration charges, should your vehicle be deemed a total loss.
Roadside Assistance: The cover offers you numerous valuable services, like towing, key replacement and refueling, should your car breakdown in the middle of nowhere.
The Company may cancel the policy by sending seven days notice by recorded delivery to the insured at insured’s last known address and in such event will return to the insured the premium paid less the pro rata portion thereof for the period the Policy has been in force. The policy may be cancelled at any time by the insured on seven days notice by recorded delivery and provided no claim has arisen during the currency of the policy. The insured shall be entitled to a return of premium less premium at the Company’s Short Period rates for the period the Policy has been in force.
Third-party car insurance is a mandatory requirement for all car owners in India. Driving without valid insurance is punishable under law.
It offers protection to the policyholder against legal liabilities in case there is an involvement in an accident. Any damages resulting from the accident - be it damages to the third-party’s vehicle/property, physical injuries or death, the insurer will compensate for it.
Thus, third-party car insurance shields the policyholder from financial liabilities arising towards a third party.
A Comprehensive car insurance policy guarantees complete protection against damages caused to your car due to accident, falling objects, vandalism, natural disasters, and theft. Other than damages to your vehicle, a comprehensive policy also covers third-party liabilities. It includes physical injuries and damages to the third party.
It is an additional cover that you can buy by paying an additional premium and widen the scope of coverage of your regular policy.
Own Damage Cover
It is a part of car insurance policy coverage that protects the insured vehicle from damages due to accident, theft, natural calamities and human-made disasters.
IDV or Insured Declared Value is the maximum compensation that the insurer will pay the policyholder if their vehicle gets damaged beyond repairs or gets stolen. The IDV is agreed upon by the insurer and the insured the time of purchasing the policy.
NCB or No Claim Bonus is the reward offered by the insurance companies to policyholders for not filing a claim in the policy year. The benefit reward offered is in terms of reducing the premium amount upon policy renewal or increasing the sum assured.
Insurance companies have tie-ups with various garages, which are known as ‘network garages.’ Policyholders can get their vehicle repaired at any of the network garages and get a cashless claim.
It refers to the termination of your car insurance policy due to non-payment of your premium.
It is the period for which the policy is in force.
It is the fixed part of the vehicle repair cost that you must pay out of your pocket.
NCB (No-Claim Bonus) is a reward offered by the insurance company to the policyholders for not making a claim during the policy year. NCB helps policyholders get a discount on the premium amount upon renewal of the policy. The NCB keeps accumulating for every claim-free year. You can get a discount of up to 50%.
Car insurance premium depends on various factors like:
The easiest way to get an accurate estimate of the car insurance premium is to use the car insurance premium calculator. It is an online tool that calculates the premium based on the information you provide. To calculate the premium, you must provide the following details:
Renewing your car insurance is vital to stay protected against unforeseen risks. Renewing a policy online is easy; you must take the following steps:
Choose the insurer
If you have purchased a policy from a particular insurance company, you need not necessarily renew from the same insurer. You can renew from a different insurer as per your choice.
Fill the details
Fill out the online application form with necessary information – age, address, car model, claim history, location, NCB, etc
Choose your plan
If you wish to renew with a new insurer, review their policies, and choose the one that suits your needs. You can also select add-ons as needed.
You can pay your premium online through net banking, credit/debit card or online payment gateway.
Review the policy document
Once you complete the payment, check the soft copy of the policy document to ensure that the details are mentioned correctly.
While buying a car insurance policy, you must submit an identification proof. You must submit a copy of any of the following documents:
IFFCO -Tokio provides extensive coverage to protect your car from all kinds of risk. With IFFCO-Tokio, policyholders get:
Car insurance is a contract between you and the insurer, wherein the insurance company offers extensive coverage to protect your car from every possible risk. It basically covers accidents, thefts, and any third-party liabilities based on the insurance purchased. It covers against natural and man-made calamities. It acts as a boon to the policyholder in case of emergencies.
You’re the proud owner of your car; hence it is your responsibility to protect it from potential damages that may arise due to accident, or theft. In India, it is mandatory to have Third-party Insurance to drive on roads; otherwise, it is considered a legal offence. One more reason you need car insurance policy is for the safety of others, they could be fellow drivers, pedestrians, or your passengers.
Renewing car insurance online is easy. Make sure that you renew the policy within the maturity period to avoid any penalty. To renew the policy, you must follow the process mentioned below:
Yes, it is safe to renew your car insurance policy online. One of the primary concerns people have about online renewal is the safety and security of the payments. But, most insurance companies have a secured payment gateway, and the risk of losing your money is minimal.
A policyholder needs to visit the website of the insurer. There they can look for policies that can be better for them. They can renew the policy by making the payment. It is important that policyholders renew their car insurance. A person can’t make any claims when the policy expires.
Some great discounts and a very reasonable car insurance policy.
Rated by: Nandan
Best customer service for car insurance renewal.
Rated by: Pawan
Quick responses from IFFCO Tokio for car insurance "get a quote". Nice response rate.
Rated by: Saransh
Great online experience. Iffco's car insurance is worth buying.
Rated by: Avinav Singh
Thanks for providing a good agent call, I was able to renew Car Insurance on time.
Rated by: Vineeta