Tata Nano had taken the Indian market by storm, fulfilling its manufacturer’s vision of becoming an affordable car for all Indians. Its small size and effective manoeuvrability make it a popular option for urban spaces with congestion roads.
However, before your Nano on Indian roads, remember to get your ride insured. Not only is it illegal to drive a car without insurance in India, but it's also unsafe. Protect your car and yourself with the comprehensive coverage of a Tata Nano Car Insurance plan from IFFCO-Tokio General Insurance Co. Ltd.
From accidents to natural calamities - our insurance plans provide you peace of mind from several unfortunate events that could damage your vehicle. We also offer you multiple coverage options to choose from – third party insurance, comprehensive insurance & numerous add-ons. So when it comes to an insurance policy for your Tata Nano, look no further, we’ve got all you need!
You may be driving very carefully, but Indian roads can be unpredictable and it is better to be prepared for every eventuality. IFFCO-Tokio provides you with an easy insurance solution with our Tata Nano car insurance plan.
You can choose the right insurance plan from the wide selection of comprehensive plans that we offer. There is also an option for add-ons and customized plans. This will give you financial security just in case you meet with an accident and damage the car or your health.
Besides accidents, there are numerous events that could cause damage to your car such as theft, floods, riots, and so on. Having car insurance ensures that you are compensated for the financial damages these events have on your car.
Buying car insurance for your Tata Nano has never been easier. IFFCO-Tokio General Insurance Co. Ltd. offers complete to access to car insurance plans, right from your home. All you have to do is visit our website, click on the ‘buy now’ button and follow these simple steps and you will get the coverage you need for your vehicle.
To begin, you have to input some basic car details and personal information. This will help us put together the right cover options for you!
We will provide you with different cover options; you can alter the coverage, select your preferred add-ons & fine-tune your plan to your exact requirements.
Once you double-check the details, make the payment online, and get your vehicle insured within minutes.
Now that you have picked out the car of your preference and found the perfect insurance plan for it, all you have to do is buy it. Now you might be dreading the long journey to the insurance office and the traffic snarls on the way. Well, you can skip all that - just drop by IFFCO-Tokio website and do the whole thing online, while sitting at your home. Here are some of the benefits of buying Tata Nano car insurance online:
To buy Tata Nano car insurance online, all you have to do is put in the details and make the payment, and you are good to go.
Buying the insurance policy online makes it super convenient for you, you can finish the entire from anywhere at all at any time you choose!
The whole process will take only a few minutes online as compare to hours it might take to visit the branch & get a policy.
When you purchase the insurance online you won't need any documentation which makes the process much easier and eco-friendly too!
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 Tata Nano 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 Tata Nano insurance policy. This will safeguard your car from depreciation and ensure you get complete compensation in case of a claim.
The Nano 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 Tata Nano 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 Tata Nano 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 Tata Nano 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 Tata Nano, 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 casean accidentleads 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 Tata Nano.
If you want to give your car complete protection, on and off the road, you should purchase this type of Tata Nano 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 Tata Nano car insurance policy.
Premium is the cost of your Tata 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 Tata 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 Tata Nano 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 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