Commercial Vehicle Insurance

Major Exclusions

• Individuals driving without a valid driving license or under the influence of alcohol, drugs, and other intoxicating drinks.

• If the accident occurs outside the geographical area covered by the commercial insurance cover for the vehicle.

• If the accident is due to a mechanical or electrical breakdown in the vehicle, it will not be covered by the commercial insurance cover.

• If the insured vehicle has been used for any unlawful reason, it will not be covered by the commercial insurance cover.

Cancellation

The Company may cancel the policy by sending seven days’ notice by recorded delivery to the insured at insured’s last known address and in such event IFFCO-Tokio will return to the insured the premium paid less the pro-rata portion thereof for the period the policy has been in force or the policy may be cancelled at any time by the insured on seven days’ notice by recorded delivery on the condition that no claim has arisen during tenure of the policy, the insured shall be entitled to a return of premium at the Company’s Short Period rates for the period the Policy has been in force.

In cases where the ownership of the vehicle is transferred, the policy cannot be canceled unless there is concrete evidence that the vehicle is insured with another insurance company. For any cancellation request, the insured can also contact IFFCO-Tokio’s Toll-Free number (1800-103-5499) or generate a service request.

Download Forms

• Motor Commercial policy wording.pdf