With a superbly tuned 2 liter engine, the Honda CR-V is a top-of-the-line SUV. A nine-speed automatic gearbox powers the car over rough terrain and smooth highways equally efficiently. In 2020 the SUV has received a facelift that makes it look aggressive and gives it enormous road presence.
But before your family go for a ride in this spacious seven-seater car, there is one thing you must do – buy a car insurance policy. This is because, as per the law of the land, you need to have motor insurance to drive your car on the Indian roads. This is where we come in! Our Honda CR-V Car Insurance plans cover all your requirements.
We provide coverage options to suit varying needs and budgets. From affordable third-party cover to comprehensive plans that provide all-round protection, we have it all! You even have a wide choice of add-on covers to choose from that will help widen the coverage of your Honda CR-V Car Insurance.
Of course you drive safely, there is no doubt about that. But does everyone else? Therefore, it is better to be prepared for a road mishap that’s not your fault but amounts to significant financial losses. The easy way to do this is to get Honda CR-V insurance from IFFCO-Tokio General Insurance Co. Ltd.
In case of an accident, our plans will step in and shield you from the expenses! First and foremost, the plan will cover any repair costs of your Honda CR-V. Your policy will also cover your legal liability to pay for damages & injuries caused to others in the accident.
Besides for the perils of the road, man-made & natural calamities such as floods, earthquakes, theft & riots can also cause damage to your vehicle. That’s why our plans provide coverage against these unfortunate events as well. The CR-V is an expensive set of wheels. That’s why our plans provide comprehensive coverage that gives you a sense of reassurance, every time you get behind the wheel.
IFFCO-Tokio General Insurance Co. Ltd. has more than 20,000 branches & agents that provide you complete assistance. Trained personnel would guide you through the process step by step. But it's much easier to use our website and buy your new policy online. With the internet, you can buy Honda CR-V insurance with complete ease; all you have to do is follow these 3 easy steps!
Use your name and mobile number to login. Provide a few simple details about your Honda CR-V, and you would instantly receive a quotation for our coverage options.
Compare and settle on the coverage that best matches your needs. Then you can fine-tune the plan to your preference and choose from several add-ons. After this, you can proceed to buy the plan.
Make payment using our secure checkout page. We accept several payment options from net banking to debit and credit cards. Soon after we will send the policy to your mailbox.
Online purchase has many advantages over the traditional avenue.
The best feature is that it is exceptionally convenient. Few minutes on the website and the policy will be yours.
A completely hassle-free method of buying. No need to visit our branches during working hours. Buy from the comfort of your home 24x7.
Once you complete the purchase, the policy is sent by email. It is all stored in your inbox for years, and there is no need to keep track of policy papers.
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 CR-V 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 CR-V insurance policy. This will safeguard your car from depreciation and ensure you get complete compensation in case of a claim.
The CR-V 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 CR-V 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 CR-V 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 your renew you 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 CR-V 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 afHondaable coverage for your Honda CR-V, 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 an 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 afHondaable, they do not offer any protection for your Honda CR-V.
If you want to give your car complete protection, on and off the road, you should purchase this type of Honda CR-V 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 CR-V car insurance policy
Premium is the cost of your Honda CR-V 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 CR-V 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 CR-V 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/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.
The premiums designed by IFFCO Tokio are very pocket-friendly and easy to pay.
Rated by: SADIA KHAN
IFFCO Tokio makes driving affordable by covering the costs of CNG/LPG fuel kits.
Rated by: Raj Kamal
Thanks to tIFFCO Tokio's cashless services, I can pay for my repair charges online.
Rated by: Mrs. Khansa Mohsin Shaikh
The IDV facility helped me cover the losses incurred on the theft of my car six months ago
Rated by: Pratibha swapnil shitkal
Last year, I damaged my car in a road accident. However, IFFCO Tokio helped cover all losses. Thank you
Rated by: Datta Parthe