What are the exclusions under Private Car package policies?

A car insurance policy from IFFCO Tokio does not cover the following:

  • Consequential losses, depreciation, wear & tear, mechanical & electrical breakdown, failure, or breakages.
  • Any damage to tires and tubes, unless the vehicle is also damaged at the same, the liability of the insurer will be restricted to 50% of the cost of replacement. Damages caused if the private car is driven by a person who is under the influence of intoxicating liquor or drugs at the time of loss are also excluded.
  • Claims will not be approved if an accident occurs while driving without a valid driving license or if the vehicle is being used for hire or reward, carriage of goods other than samples, racing, and other racing-related purposes and motor trade purposes.