Hyundai Elantra is one of the most aesthetically pleasing sedans. It looks dynamic while also being extremely sporty and luxurious. It’s a car that comes with all the latest gizmos, superb stability and amazing fuel-efficiency. It’s everything you could want from a sedan!
If you choose to bring home Hyundai Elantra, then we must acknowledge your impeccable taste in automobiles. However, before you can get behind the wheel and take it for a spin, you need to protect it with a good car insurance policy. This is where we at IFFCO-Tokio General Insurance Co. Ltd. can help!
Our coverage options are designed to meet varying needs and budgets! We offer third party insurance, comprehensive cover and host of add-ons to choose from. We also offer instant policy issuance and quick claim settlement to ensure smooth & hassle-free experience. With IFFCO-Tokio, you get car insurance that goes the distance with you!
One cannot rule out the possibility of an accident, even if you are a safe & cautious driver! Road mishaps can cause a lot of damage to your car and result in significant financial losses too. Fortunately, you can rely on our Hyundai Elantra car insurance plans to protect you from the financial jolt of such emergencies.
Our plans ensure that repair costs are quickly taken care of and that your Elantra is speedily restored to its original condition. Not only that, but our plans also cover your legal liability towards others who suffer damages or injuries in an accident you are involved in.
Lastly, floods, earthquakes, storms, thefts, riots and other such natural & man-made calamities are also covered under our Hyundai Elantra car insurance plans. Therefore, all said and done, our plans provide wholesome protection against the perils of the road, allowing you to get behind the wheel of your vehicle with complete peace of mind!
There are two simple ways to be the owner of Hyundai Elantra car insurance from IFFCO-Tokio General Insurance Co. Ltd. The first way is to visit the nearest authorized agent or branch. The second way is to log onto our website where you can buy a plan in a matter of a few minutes, just by following these easy steps!
All you have to do is enter your name, phone number and the specifics of your car. These details allow us to put together an insurance quotation for you & your vehicle!
Choose from the given option and then fine-tune the plan and choose your add-ons
When you finalize your plan, all you have to do is pay your premium amount and be the rightful owner of your policy. Get the document straight to your mailbox and drive without any anxiety.
Our website offers support 24x7, which makes it super convenient for you to buy insurance for your Hyundai Elantra. Plus, there are other benefits:
The main reason why you should buy your policy online is because it is so easy! Just three steps and the policy is yours
Buy the policy anytime, anywhere, day or night – literally!
Relieve your mind from filling up forms physically. And get the policy directly to your inbox so that you also forget the fear of losing it!
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 Hyundai Elantra 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 Hyundai Elantra insurance policy. This will safeguard your car from depreciation and ensure you get complete compensation in case of a claim
The Hyundai Elantra 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 Hyundai Elantra 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 Hyundai Elantra 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 Hyundai Elantra 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 Hyundai Elantra, 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 affordable, they do not offer any protection for your Hyundai Elantra.
If you want to give your car complete protection, on and off the road, you should purchase this type of Hyundai Elantra 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 Hyundai Elantra car insurance policy.
Premium is the cost of your Hyundai Elantra 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 Hyundai Elantra 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 Hyundai Elantra 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.
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.
Rated by: Suman Pahad
I have brought car insurance and renewed it from IFFCO only. Their policy processes are the smooth like a breeze.
Rated by: Shrikrishna Jandhyala
I loved the fast and easy car insurance policy buying process. Thanks guys.
Rated by: Meghdutt Tarakeshwar Murty
If things go south, I know IFFCO's motor insurance is by my side.
Rated by: Khushal Talwar