Coverage against natural causes like flood, storm, lightning, earthquake, landslide, etc.
Car Insurance
Buy car insurance online/renew non IFFCO Tokio car insurance policy
Buy car insurance online/renew non IFFCO Tokio car insurance policy
Car insurance offers protection against accidents, theft, natural calamities & other unforeseen circumstance that could harm your vehicle. Having a good motor insurance policy ensures that you and your car are protected from the financial losses of these unfortunate events.
As per the Motor Vehicle Act of 1988, it is also compulsory to have vehicle insurance to drive your car on Indian roads. You can purchase our basic third party insurance policy to comply with this mandate. Or, you could opt for the added protection of our comprehensive car insurance policy and enjoy complete peace of mind on every drive. We also offer standalone own damage insurance that can be bundled with a third party insurance policy to provide all-round cover against the perils of the road.
You can also choose from several add-on covers such as Depreciative waiver or zero depreciation insurance, return to invoice cover, etc. and customize your plan to your exact requirements. You can set the IDV and voluntary deductible of your plan to suit your needs and tailor the coverage to fit your budget perfectly. With IFFCO-Tokio, you get auto insurance that is light on your wallet and provides all-round cover for your vehicle.
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BUY/RENEW POLICY| Key Features | Benefits of IFFCO-Tokio |
|---|---|
| Savings | Save Upto 70% on Premium |
| Cashless Repairs | Available at 4300+ Cashless Garages |
| Customizable Add-Ons | 8 Add-ons available |
| NCB Benefits | Get up to 50% Discount |
| Easy Claims | App-based Claim Settlement within 4 Hours |
| Claim Settlement Ratio | 92.65% Claims Settled* |
| Claim Assistance | 24/7 claim assistance Customer service |
| Own Damage Cover | Available |
| Damages to Third-Party | Available |
*As per Annual Audited Financials, FY'2019.
Car insurance provides coverage against:
Collisions
Damages and losses that may arise out of collisions & accidents.
Theft
Coverage against losses incurred when your car is stolen.
Fire
Damages and losses caused to due to an accidental fire.
Natural Disaster
Damages and losses due to acts of nature such as floods, cyclones, etc.
Personal Accident
Get compensation up to Rs. 15 lakh in case accident leads to death or disability of the owner.
Third-Party Losses
Pays for property damages and injuries caused by your car.
Standard exclusions of a car insurance policy.
In the case of a Third-Party or Liability Only Car Policy, damages to own vehicle won’t be covered.
You were driving drunk or without a valid driving licence.
You hold a learner’s licence and were driving without a valid driving licence-holder in the front passenger seat.
Any damage which is not a direct result of the accident (e.g. after an accident, if the damaged car is driven incorrectly and the engine gets damaged, it will not be covered)
Any contributory negligence(e.g. damage due to driving a car in a flood, which is not recommended as per the manufacturer’s driving manual, will not be covered)
Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.
Choose from a range of add-on covers to increase the protection of your plan.
Zero-Depreciation Add-on
Every year the value of your car and its parts decreases by a certain percentage. This is known as depreciation. Claim amounts are generally based on the depreciated value of your car, resulting in lower payouts. To avoid this, one can opt for the zero-depreciation add-on cover. It ensures you get complete compensation for your carand its parts, without considering their depreciated value.
Engine Protection
The engine is the heart of your car. However, damages to the engine are usually not covered by a car insurance policy. Therefore, if you want protection for this vital component of your vehicle, you can opt for the engine protection add-on. It will provide coverage against damage to the important parts of your engine, including the crankshaft, piston, pins, cylinder, gearbox, and so on.
No Claim Bonus (NCB) Protection
No claim bonus is a discount provided to you for not making a claim against your policy. This discount keeps increasing every year if you do not make a claim. In this manner, you can avail a discount of up to 50% on your premium amount. if you make even a single claim, the NCB discount is lost and normal premium amounts are restored. However, with the NCB protector add-on, your discount will remain intact, even if you make a claim.
New Vehicle Replacement
With this add-on, in case of total loss or theft of your vehicle, the insurance provider will provide you with the on-road price of your car as compensation. Whereas, with a normal plan, you would only get the IDV of your car and this decreases every year!
Roadside Assistance
Cars can breakdown and when they do it is often at the worst time and place. A mechanical failure could leave you stranded in the middle of nowhere without any help in sight. However, if you opt for the road-side assistance add-on, you can simply call your insurance provider and they will send mechanical assistance your way.
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.
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Until recently, innovation and insurance were rarely used in the same sentence. However, we have made it our mission to change this. At IFFCO-Tokio, we are bringing in technology to provide you with car insurance that’s quicker and more convenient.
Suggestions: - Instant policy issuance through mobile app- Digital innovation
One of the ways we’re doing this is through our mobile app, which puts a host of services at your fingertips. Now, your policy can be issued instantly through smart phones of our distribution channels. You can also submit a claim with and get compensation up to Rs. 50,000 in minutes, all with just a few taps & clicks!
With close to 20 years of experience in the insurance industry, we have settled more than 8 lakhs claims (in FY19) with a settlement ratio of 92.65%. This is just one of the reasons why 1,00,000+ individuals entrust us with their car insurance needs.
4300+ Network Garages
We provide cashless services in more than 4300 garages, which are evenly spread across the country.
Quick Claim Settlement
We offer a QCS facility under which motor insurance claims get settled seamlessly within minutes.
Trusted Brand
For almost 20 years, we have been servicing our customers with a wide range of insurance policies.
Claims experience
We settled a total of 8.61 lakh claims in FY2019 and have a claim settlement ratio of 92.65%
Awarding winning protection
IFFCO-Tokio won the 2019 IDC Digital Transformer Award for India for AI-based claim assessment of damaged vehicles.
Wide network of branches
Our policies can be brought from more than 20,000 agents and branches having a wide presence throughout the country.
These plans provide basic coverage and are required by law to drive your car in India. They do not offer cover for own-damage. Third-party insurance only covers damages & losses caused to a third-party person in an accident you are involved in.
These plans also provide personal accident cover that pays up to 15 lakh to the policyholder or his/her family member in case of serious injuries or death arising from an accident. Lastly, you cannot purchase add-ons if you choose third party insurance.
Comprehensive plans have two components – third party cover and own-damage cover. This means besides third party protection, they also provide coverage against damages and total loss of your vehicle due to collisions, theft, acts of nature and man-made calamities. Comprehensive insurance also allows you to purchase add-ons to widen the coverage of your policy.
Zero depreciation is an add-on cover that provides you complete coverage for the damage caused to your car. It reimburses repairs for the car without taking depreciation in consideration. This means that we will cover the entire expenditure needed to repair the damage caused to your car.
| Third party Insurance |
Comprehensive Insurance |
Comprehensive insurance with zero-dep cover | |
|---|---|---|---|
| Damages to Third-Party Vehicle |  |
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| Damages to Third-Party Property | |
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| Personal Accident Cover | |
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| Injuries/Death of a Third-Party Person | |
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| Damages/Losses to own car in case of a natural calamity |  |
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| Damages/Losses to own car in case of fire | |
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| Damages/Losses to own car due to an accident | |
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| Theft of your car | |
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| Doorstep Pick-Up & Drop | |
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| Customize your IDV | |
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| Extra protection with customized add-ons | |
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| Coverage against depreciation | |
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When you buy car insurance, your premium rate is calculated based on several factors. Some of these factors include:
Cost of the vehicle
The cost of your car directly affects your car insurance premium. This is because expensive cars have a higher IDV. And the higher your IDV is, the higher your premium is.
(IDV stands for Insurer Declared Value. It is the maximum compensation your insurance provider will offer in case of total loss. Your car’s IDV is its selling price minus the annual depreciation).
Age
Since IDV decreases with time, so will your premium. Usually, after the car turns 5, the IDV is decided based on mutual consensus between the policyholder and the insurance company. You can set a lower IDV and enjoy lower premiums in the process.
Location
Metro cities have more vehicular traffic. This results in congested roads and a greater risk of an accident. Therefore, if you live in a city like Mumbai or Delhi, you could end up paying much more than what you would if you lived in a tier-3 town like Bhopal or Nagpur.
Type of policy
If you choose third party insurance, your premiums will be quite affordable. Whereas comprehensive plans can be a little costly.
Add-ons
Every add-on has its own price. Therefore, your choice and the number of add-ons you choose can significantly affect the cost of your car insurance policy.
When you buy car insurance, your premium rate is calculated based on several factors. Some of these factors include:
Cost of the vehicle
The cost of your car directly affects your car insurance premium. This is because expensive cars have a higher IDV. And the higher your IDV is, the higher your premium is.
(IDV stands for Insurer Declared Value. It is the maximum compensation your insurance provider will offer in case of total loss. Your car’s IDV is its selling price minus the annual depreciation).
Age
Since IDV decreases with time, so will your premium. Usually, after the car turns 5, the IDV is decided based on mutual consensus between the policyholder and the insurance company. You can set a lower IDV and enjoy lower premiums in the process.
Location
Metro cities have more vehicular traffic. This results in congested roads and a greater risk of an accident. Therefore, if you live in a city like Mumbai or Delhi, you could end up paying much more than what you would if you lived in a tier-3 town like Bhopal or Nagpur.
Type of policy
If you choose third party insurance, your premiums will be quite affordable. Whereas comprehensive plans can be a little costly.
Add-ons
Every add-on has its own price. Therefore, your choice and the number of add-ons you choose can significantly affect the cost of your car insurance policy.
A few years ago, buying a car insurance policy meant taking time out from work or spending your weekly off visiting insurance providers. But things have changed drastically since then. Today, you can buy car insurance online with just a few clicks and taps. Here are some of the numerous benefits of buying car insurance online.
This is one of the biggest reasons why you should buy car insurance online. When you visit our website to purchase a plan, you help us save on overheads. We pass on these savings to you in the form of discounted premium rates!
If you buy car insurance online, there is no physical paperwork involved. Just type in your details, select the plan and make the payment! And, since we send you the policy document via email, you’ll always have a soft copy for back-up.
If you want to buy car insurance from a branch, you can only do so during working hours. On the other hand, when you buy car insurance online, there are no timings. You can purchase a plan at any hour of the day or night!
You can choose the add-ons you want, increase or decrease your IDV, and fine-tune numerous other elements of your plan. This allows you to tailor the coverage of your car insurance policy as per your needs.
Make the payment and the policy document will be emailed to you immediately. Just download it from your mailbox and make copies. You can even send it straight from your mailbox to DigiLocker so you have a soft copy with you at all times.
Never purchased a car insurance plan over the Internet? Don’t worry – you are not the first one to do so and you definitely won’t be the last. Here are some simple steps you can follow to buy car insurance online with complete ease.
You need to first understand what you want from a plan. If you want affordability, then opt for third party plans. If you want protection, go for a comprehensive policy. You could also include add-ons to increase the coverage of your plan.
Provide us with some basic information about your car. Based on these details, our car insurance calculator will provide you with an instant quote. You can include the add-ons you want, alter your IDV, and make numerous edits to the quotation.
Once you’ve fine-tuned the quotation, you can proceed to buy the plan. For this, you will have to provide with us with a few more details about yourself & your car. After this all you have to do is make the payment.
Once you make the payment, the policy document will be emailed to you in a matter of seconds and your car is officially insured. That’s how you buy car insurance online. Easy, isn’t it?
It is the amount you have to pay annually to enjoy car insurance coverage.
Coverage refers to the financial protection of your plan. The coverage of a car insurance policy will vary based on the type of plan you purchase.
Add-ons are extra layers of financial protection that you can purchase to widen the coverage of your car insurance policy.
IDV stands for Insurer Declared Value. It is the listing price of your vehicle minus depreciation. In case of a total loss of your vehicle or theft, IDV is the maximum compensation your insurance provider will offer.
NCB is like a reward for not making a claim. It is a discount you enjoy when you renew your plan after a claim-free year. This discount will keep increasing for every claim-free year. You can avail maximum discount up to 50% year after year for not making any claims against your policy.
Through QCS:
You can make a claim through our QCS (Quick Claim Settlement) App. You just have to upload the photos, documents, videos, etc., of the damages you wish to make a claim for. If your claim is approved (we have a claim settlement ratio of 92%), the amount will be sent to your bank account within a few minutes. Note that for claims made through the app the maximum claim amount will be Rs. 50,000.
Online and telephonic claims:
You can also register a claim online or by contacting us on our toll free numbers: 1800-103-5499 or 0124- 4285499. To make a claim online, just log in with your registered Email ID & Password,click on the ‘make a claim’ option and follow the steps mentioned. If you make a claim over a call, our customer care executives will guide you with the further procedure.
A car insurance policy covers the policy holder’s legal liability of having to compensate for damages or death caused to the third-party person or property. It also covers the policy holder against any damages caused to their vehicle.
This is something that every buyer will want to know considering having a third party car insurance policy is mandatory in order to be driving on the road. The best plan for you would be one that fulfills all your needs. For this, you should always focus on the features that a car insurance policy offers, such as
There are certain exclusions when it comes to private vehicle insurance policies. Our car insurance policies do not cover any mechanical or electrical breakdown, normal wear, and tear, failure, or depreciation. Also, the car insurance policy will only cover 50% of the repair costs for damages that occurred to the tires or tubes of the vehicle. If a vehicle is damaged due to the driver being under the influence of alcohol or any other drug, the insurance policy will not provide coverage for the damages. Please note that the policyholder’s claim will not be approved if they did not have a valid license while driving the vehicle at the time of the accident, or even if they were using it for racing, motor trade, hire or reward.
You can call on 1-800-103-5499, which is IFFCO Tokio’s toll-free number. You will get connected with one of our customer care executives who will help you out with a duplicate document of the auto insurance policy.
You should also know that if you have lost your physical copy of your policy document, you still have one copy of it which was emailed to you when you bought it, so you can always take a printout.
Give a call on IFFCO Tokio’s toll-free number – 1-800-103-5499. One of our customer service executives will assist you in getting an endorsement. Once you have made your endorsement request, IFFCO Tokio will clear the discrepancies and issue you a corrected car insurance or motorcycle insurance policy document.
