The Skoda Rapid is one of those few cars which guaranty an effortless driving experience. The car’s 1.5-litre diesel mated to a 7 speed DSG facilitates its performance. It also scores high both in appearance and comfort, with its chiselled exterior designs and spacious interiors.
So if you have zeroed in on a Skoda Rapid for yourself, there is nothing like it. But car insurance is a must before the registration, to keep your Skoda Rapid protected from any kind of damage. Here at IFFCO-Tokio General Insurance Co. Ltd., we offer all the help you need for such insurance.
Our cost-effective insurance plans, with a number of options, would be ideal for your car. These include basic plans, comprehensive ones, and third-party liability plans as well. On the whole, we make sure you can get a plan which is suitable as per your budget and need for protection.
You might be a good driver, adhering to all rules for safety and security. But still, you cannot foresee an accident that may damage your Skoda Rapid. Also, you and your co-passengers may get injured and require medical treatment. In such a situation, insurance from IFFCO-Tokio General Insurance Co. Ltd. will come to your help.
Damage caused to a third-party in the form of physical damage to their car and any injuries or casualties also involves huge expenses. If you have an insurance policy, you can rest assured that you do not have to bear the cost. As such, you are free of such worries.
Your car might also suffer in the event of a natural calamity such as an earthquake or a flood. There also might be a man-made calamity such as car theft. After you get an insurance policy for your car, you will be completely secured from any such eventuality.
You can buy Skoda Rapid car insurance from IFFCO-Tokio General Insurance Co. Ltd. in two ways. You may visit the nearest branch, where our customer care department will assist you in the whole process. Our website is the other means by which you can buy a suitable policy very easily. The process is very convenient and is just a matter of minutes. Here it is:
When you open our website, enter your name and cell-phone number to move ahead. Then, enter details of your car, on the basis of which we will present the options for insurance plans.
Three different plans will be there at your disposal. Select the add-ons to customize your policy. You can also adjust other factors as well to get a plan which perfectly fits your requirements.
After finalizing the plan, you are only left with paying the premium. We will mail the documents to you instantly so that you can start driving your favourite Skoda Rapid.
Through our website, you can book your policy at any time of the day. The website has been designed to make it as easy as possible for you to get yourself the ideal insurance policy.
The primary reason behind going for the online procedure is that it just takes three simple steps. It is just a matter of filling the details and a few clicks thereafter!
You are free to purchase the policy at any time you wish.
You won’t be required to fill up any forms and the documents for the policy are mailed to you. As such, there is no chance of misplacing those.
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 Skoda Rapid 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 Skoda Rapid insurance policy. This will safeguard your car from depreciation and ensure you get complete compensation in case of a claim.
The Skoda Rapid 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 Skoda Rapid 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 Skoda Rapid 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 Skoda Rapid 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 Skoda Rapid, 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 Skoda Rapid.
If you want to give your car complete protection, on and off the road, you should purchase this type of Skoda Rapid 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 Skoda Rapid car insurance policy.
Premium is the cost of your Skoda Rapid 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 Skoda Rapid 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 Skoda Rapid 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.
The entire process of making a claim is super easy with Iffco Tokio. Amazing service!
Rated by: Mahendra Rastogi
Got an amazing car insurance plan and that too at a very fair rate. Thank You Iffco Tokio
Rated by: Vaishali Kadam
I bought a Mahindra Thar last week, and I got a great deal on my new car insurance. Thank you Iffco Tokio!
Rated by: Rohit Mehta
The add-ons in a car insurance are really beneficial and the premium is also very reasonable.
Rated by: Deepak Parikh
I got complete guidance when buying the car insurance from Iffco Tokio, they really provide a great service.
Rated by: Anjan Bhawalkar