Bus Insurance Policy

Buy/Renew Commercial Bus Insurance Policy Online for Passenger & School

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Bus Insurance

A bus insurance policy is a type of commercial vehicle insurance. Under this policy, commercial buses are covered against a range of unforeseen circumstances such as third-party property damage, third-party injury or death, own vehicle damage, driver death or injury, theft, vandalism, and more. The extent of coverage depends on the type of plan selected. A third-party plan only covers against third-party liabilities whereas comprehensive insurance covers a lot more including own damages.

A commercial bus insurance plan covers all types of buses used for commercial purposes including school buses, private office buses, and local transport buses. 

Benefits of Bus Insurance

Buying motor insurance is extremely important, whether you own a private vehicle or commercial one. This is because it is mandatory for all motorists to have at least third-party insurance for a vehicle to be able to legally ply it on the roads in the country.

Apart from the legal aspect, there are many more benefits to having a bus insurance policy. Let’s take a look at some of them.

Why Choose IFFCO Tokio?

IFFCO Tokio is a trusted name in the field of motor insurance in India. We truly believe in placing your comfort at the heart of everything that we do. Here are a few reasons why our customers choose us again and again. 

What gets covered in our bus insurance plans?

cost of policy

IFFCO Tokio’s bus insurance plans have been holistically designed to offer you complete protection. Let’s take a closer look at what gets covered in our bus insurance plans. Do bear in mind that the exact coverage you receive will vary depending on the type of bus insurance plan you select.

  • Coverage for the driver of the vehicle against death and injury sustained in an accident
  • Coverage for damages to the insured vehicle in an accident
  • Coverage for any legal liabilities that may arise due to injury or death of the third-party
  • Coverage for property damages arising from the accident
  • Coverage for damages due to manmade calamities like vandalism and theft
  • Coverage for damages due to natural calamities like floods and hurricanes
  • Coverage for damage due to fire

What are the exclusions to the bus insurance plan?

Prior to buying your plan, you need to know what gets covered and what isn’t. Insurance plans always have certain exclusions to the coverage offered. Complete knowledge will help you have a better understanding of how your bus insurance plan works. To that effect, let’s take a look at some common exclusions in the standard bus insurance plan. 

What factors influence my bus insurance premium?

You may wonder why the premiums you pay for bus insurance are different from what someone else pays. To help you gain a better understanding, let’s take a look at the main factors that influence your bus insurance premium.

  • The type of bus insurance plan selected (third-party insurance or comprehensive insurance)
  • The amount of coverage opted for (including add-ons)
  • The number of seats present in the insured vehicle
  • The number of miles the insured vehicle has been driven for
  • The experience and driving record of the driver of the vehicle
  • The geographical limits covered by the bus i.e. whether it operates within the city or travels across state and/or international borders
  • Whether any safety measures or features have been installed in the vehicle
  • Whether the driver of the vehicle has undergone any safety trainings
  • The profile of the bus’s passengers (whether the bus transports disabled passengers or children)
  • Amount of company assets or assets related to the vehicle that the insured must safeguard if there is a lawsuit against them.

Key features of commercial vehicle insurance from IFFCO Tokio


Key Features Benefits of IFFCO-Tokio
Savings Save Upto 70% on Premium
Cashless Repairs Available at a wide network of 4300+ garages
Add-ons for enhanced protection 8 add-ons to choose from
No claims bonus (NCB) benefit Get up to 50% Discount
Claim support 24/7 customer support
Own damage cover Available 
Third-party damage cover Available
Claims  App-based claim settlement in less than 4 hours

How to buy a bus insurance plan?

You can personally visit any of our branches and purchase your bus insurance policy with the help of our support staff. Alternatively, you can visit our website or download our app and buy the right bus insurance policy that suits your need.

How to renew bus insurance plan?

IFFCO Tokio provides you with the facility of easily renewing your bus insurance policy online. You simply need to visit our website and follow a few quick steps to get your coverage renewed.

Here are 3 quick steps to follow to renew your bus insurance plan online – 

Currently with another insurer? You can switch to IFFCO Tokio with ease!

Interested in switching over to IFFCO Tokio from another insurance provider? We give you that option to switch your bus insurance coverage with us at ease. Let us show you how you can do that in quick steps – 

How to choose the right bus insurance plan?

Are you going to buy bus insurance for the first time? If so, you might need a bit of help. Read on to discover a few tips that will help you select the right bus insurance plan.

  • Review your requirements

The first step in buying bus insurance is to review your needs from insurance. Decide whether you need a third-party insurance plan or a comprehensive plan. This will help you make the right choice during your purchase.

  • Select a good insurance company

Once you know what your expectations from bus insurance are, you can go ahead and select an insurer who fulfils these requirements. You must also evaluate insurers based on the service they offer. Look for features such as 24/7 customer support, affordable premium rates, good coverage, and an excellent claim settlement ration.

  • Customize your coverage

Once you have selected your preferred plan, you need to customise your coverage. You can customise your coverage only if you have selected a comprehensive plan. For instance, you can personalise your plan by including add-ons that will increase the protection you get from the insurer.

  • Compare and finalize

Once you have selected the right bus insurance plan, do run a quick search across other insurance providers to see what is available out there. Once you are sure that you are getting the best deal, go ahead and complete the purchase.

It’s really that simple!