For years the Mahindra Bolero has remained the SUV of choice in the budget segment. The Bolero is a workhorse that provides maintenance-free service for years and needs very little upkeep.
If you are in the market for a Mahindra Bolero, you have made a great purchase decision. However, though it is a capable vehicle, it needs the protection of road insurance by law. IFFCO-Tokio General Insurance Co. Ltd. provides exceptional motor insurance plans for your new SUV. Our plans offer low premiums, excellent coverage and service points all across the country.
We also provide a wide range of Mahindra Bolero car insurance plans. You could opt for basic third party insurance or you could give your car complete protection with a comprehensive motor insurance policy. The latter also comes with several add-on options to widen the scope of your plan. Therefore, with a car insurance policy from IFFCO-Tokio, there is no cause for worrying about any perils, both on and off the road.
Car owners invariably ask – why do I need car insurance? Between road tax, fuel and maintenance, the cost of upkeep is high enough. It is a valid question. You buy car insurance for the same reason that you buy health insurance – not for what will happen but might happen.
There is no doubt that the Mahindra Bolero is a robust vehicle, and in case of any unfortunate accident, you would escape unscathed. However, your vehicle will suffer damage – bent fender, broken windshield, shattered headlamps. To replace all of these with genuine spare parts at a certified garage is expensive.
This is where a Bolero car insurance plan can come in and save the day! It will cover the cost of repairs and ensure your car is returned to its mint condition, at the lowest possible cost to you! And not just road mishaps, a good policy will also provide coverage against theft, natural calamities & man-made calamities as well.
We believe that buying car insurance should be easy. Therefore, if you need to purchase a policy for your Bolero, all you have to do is log on to our website, find the buy now button and follow these 3 basic steps.
To provide you with the best Mahindra Bolero car insurance plans, you have to tell us more about your car, including details such as the model number, the fuel types, and so on.
Based on your details will provide you insurance quotes to choose from. You can also choose your add-ons and alter the specifications of your plan to meet your protection needs.
Next, you just have to pay the premium and within moments your policy details will be sent to you by email. The policies are affordable and easy to understand with minimum fine print.
You could buy a policy offline from IFFCO-Tokio General Insurance Co. Ltd. by visiting a branch. However, in the era of the Internet, it makes a lot more sense to buy it online.
You do not have to visit the branch; this in itself will help you save time. Also, the online process takes just a few minutes to complete!
At the IFFCO-Tokio General Insurance Co. Ltd. site, you have access to all policies and riders. The advantages of each are explained, and you can compare policies side by side. This allows you to take a more informed decision.
You could renew or file a claim online. At every stage, you would be helped by our customer support team that is well trained in the domain.
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 Mahindra Bolero 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 Mahindra Bolero insurance policy. This will safeguard your car from depreciation and ensure you get complete compensation in case of a claim.
The Bolero 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 Mahindra Bolero 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 Mahindra Bolero 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 Mahindra Bolero 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 Mahindra Bolero, 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 Mahindra Bolero.
If you want to give your car complete protection, on and off the road, you should purchase this type of Mahindra Bolero 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 Mahindra Bolero car insurance policy.
Premium is the cost of your Mahindra Bolero 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 Mahindra Bolero 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 Mahindra Bolero 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 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.
If you are looking for an economical car insurance plan, I advise you to go with IFFCO Tokio.
Rated by: Charmi Dedhia
I really thank IFFCO Tokio for helping me with every step of my car insurance claim.
Rated by: Antil Verma
The customer service team at IFFCO Tokio is indeed one of the best that there is out there!
Rated by: Sarthak Maske
I am very impressed with the professional service that I have received from IFFCO Tokio.
Rated by: Garima Nayyar
My daughter recently bought a car after her promotion and I made sure her got her car insurance from IFFCO Tokio.
Rated by: Jil Sutaria
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