Brio is one of the most well-received Honda vehicles in India. It’s a compact hatchback that looks stylish and is feature-packed. With a peppy engine, amazing maneuverability and a fantastic fuel economy, Brio is an amazing car to own!
Therefore, if you have decided to bring home Honda Brio, kudos on your decision! However, before you can jump into the driving seat and take your vehicle for a ride, you must remember to get a good car insurance policy first! This is because, as per the law, you need insurance to drive your car on Indian roads. Not sure how to get insurance for your car? Just leave it to us!
With IFFCO-Tokio, you can get Honda Brio car insurance that is easy on your wallet and covers all your needs as well. You can also choose from several add-on covers and fine-tune numerous aspects of the policy as well.
Even with your safe driving skills and the Brio’s many safety features, an accident can still happen. This is because road mishaps can occur due to the negligence of other drivers as well. In the event of an accident, you could be left to cover several expenses!
You would have to pay for repairs, and possibly cover medical expenses as well. In case you inadvertently cause damages or injuries to others, you would be liable to provide compensation to them as well. But with Honda Brio car insurance you are protected from all these costs! Our plans will cover the repair bills and cover your liability to third parties as well.
Honda Brio car insurance will also cover you against man-made calamities like theft, vandalism, riots, etc. Natural calamities like floods, earthquakes, cyclones and so on are also covered! This ensures you have complete peace of mind every time you get behind the wheel of your Honda Brio.
We are all about making insurance simpler for you! Therefore, we offer you 3 easy ways to purchase Honda Brio car insurance plans. You can either drop by one of our branches during your free time. Or, you could pay a visit to one of the thousands of certified agents we have all across the country! And lastly, you could also buy your policy online. For this, you just need to get to a PC, laptop or smartphone and follow these simple steps:
Once there, simply enter your name, mobile number and some basic details about car. Based on the information you enter, we will provide you with personalised car insurance quotations for your Honda Brio.
Choose the quotation that best suits your coverage needs. You can also tailor the specifications of the plan by including add-ons you want, setting your preferred IDV & adjusting your deductible amount.
Once you have zero-in on the perfect coverage, all that’s left for you to do is take care of the payment. After this is done, you will have the policy document in your mailbox within moments. It’s that easy.
The Internet makes your life much easier - when you buy Brio car insurance online, you get the coverage you need, whilst also enjoying these 3 amazing benefits:
No branch visits required. The process is completely online and only involves 3 simple steps!
No hassles of physical paperwork, and with the policy document in your inbox, you don’t have to worry about misplacing it either!
Online purchases are not time bound – you can buy a plan whenever you want and from wherever you like!
Car Insurance provides coverage against:
Damages and losses that may arise out of collisions & accidents.
Coverage against losses incurred when your car is stolen.
Damages and losses caused to due to an accidental fire.
Damages and losses due to acts of nature such as floods, cyclones, etc.
Offers sum assured up to 15 lakh, with a cover against accident leading to death or disability of the owner
Pays for property damages and injuries caused by your car.
Here are some recommended add-ons that can widen the coverage of your Honda Brio car insurance policy.
Your car can depreciate by up to 40% in 4 years. Therefore, after 4 years, you will only get 60% of the car’s value or total repair costs in case of a claim. To avoid this, you can opt for the zero depreciation add-on with your Honda Brio insurance policy. This will safeguard your car from depreciation and ensure you get complete compensation in case of a claim.
The Honda Brio is an extremely reliable car. However, even the best cars in the world can experience a mechanical breakdown. This is why it makes sense to include the Roadside Assistance add-on with your Honda Brio insurance. It will ensure that, if you are ever stranded due to mechanical failure, you can get help with just a single call.
This is another important add-on you can opt for with your Honda Brio car insurance policy. This add-on protects the important parts of your engine such as the crankshaft, piston, pins, cylinder, gearbox, and so on from damage. This add-on is especially useful if you live in a low-lying area where flooding could damage your car’s engine.
If you drive safely and do not make a claim against your policy, you are entitled to a discount when you renew your plan. This discount is known as No Claim Bonus or NCB. If you continue driving safely and maintain your claim-free record, you could enjoy an NCB discount of up to 50%. However, make a single claim and your NCB discount is lost. If you wish to retain your NCB despite making a claim, you can opt for the No Claim Bonus protector add-in with your Honda Brio car insurance policy. This will ensure the NCB you’ve accumulated for years, is not lost when you make a claim.
With the return to invoice add-on, in case of total loss or theft of your vehicle, the insurance provider will pay the on-road price of your car as compensation. Whereas with a normal plan, you would only get the IDV (on-road price minus depreciation) of your car and this decreases every year!
These are some of the standard exclusions of car insurance in India.
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.
If you want basic and affordable coverage for your Honda Brio, you can opt for third party insurance. These plans do 3 things for you. Firstly, they serve the basic legal requirement to drive your car on Indian roads. Secondly, they ensure you do not have to pay for third party damages and injuries in an accident you are involved in. And lastly, they will provide a payout of up to 15 lakhs in case the accident leads to your total permanent disability or death.
However, third party insurance does not cover damages or total loss of your own vehicle. So while these plans might be extremely affordable, they do not offer any protection for your Honda Brio car.
If you want to give your car complete protection, on and off the road, you should purchase this type of Honda Brio car insurance. This is because, comprehensive plans are made of two components, third party cover and own damage cover. This means that they provide everything that third party insurance.
But, along with this, comprehensive plans also protect your car. These plans offer coverage against damages and total loss of your vehicle due to accidents, acts of nature, theft, and other manmade calamities. Comprehensive car insurance also allows you to choose from different add-ons that widen the coverage of your plan and provide you with increase protection from perils of the road.
You should know these important car insurance terms before you buy a Honda Brio car insurance policy.
Premium is the cost of your Honda car insurance policy. It is the amount you have to pay to enjoy car insurance coverage. It is usually payable annually, except for the case of long-term plans, where it is usually paid once every 3 years.
The financial protection provided by your insurance policy is known as coverage. The coverage of a car insurance policy will vary based on the insurance provider and the type of plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your Honda 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.
No claim bonus, or 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 a maximum discount of 50% year after year for not making any claims against your policy.
Simple, just use the car insurance premium calculator. This online tool allows you to check the premium of your Honda Brio car insurance policy using some very basic information. To calculate the premium, you must provide the following details:
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.
One of the ways we’re doing this is through our QCS app, which puts a host of our services at your fingertips! You can submit claims using your nothing but your phone and get up to Rs. 50,000 in compensation in just 4 hours.
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.
We provide cashless services in more than 4300 garages, which are evenly spread across the country.
We offer a QCS facility under which motor insurance claims get settled seamlessly within minutes.
For 19 years, we have been servicing our customers with a wide range of insurance policies.
We settled a total of 8.61 lakh claims in FY2019 and have a claim settlement ratio of 92.65%
IFFCO-Tokio won the 2019 IDC Digital Transformer Award for India for AI-based claim assessment of damaged vehicles.
Our policies can be brought from more than 20,000 agents and branches having a wide presence throughout the country.
Through our QCS App: :
If you wish to make a claim for compensation, you can do so using our QCS (Quick Claim Settlement) App. All you have to do is upload the photos, documents, videos, etc., of the damages you want to make a claim for. We will review the documents you upload and approve your claim (we have a claim settlement ratio of 92%). After this, the estimated amount for repairs will be sent to your bank account in just 30 minutes. Note that for claims made through the app the maximum claim amount will be Rs. 50,000.
Online and telephonic claims:
You can register a claim for compensation online or by reaching us on 1800-103-5499 or 0124- 4285499.
To make a claim online, you will have to log in with your registered Email ID and Password. When you log in, just find the ‘make a claim’ option and follow the steps mentioned. If you register a claim over a call, our customer care executives will guide you with the further procedure.
Thanks IFFCO for making the car insurance buying process so easy-peasy for the customers.
Rated by: Ananmaya Muthuswami
I hope IFFCO keeps on providing such an excellent motor insurance policy for years to come.
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I have brought car insurance and renewed it from IFFCO only. Their policy processes are the smooth like a breeze.
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I loved the fast and easy car insurance policy buying process. Thanks guys.
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If things go south, I know IFFCO's motor insurance is by my side.
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