Bus Insurance Policy
Buy/Renew Commercial Bus Insurance Policy Online for Passenger & School
Buy/Renew Commercial Bus Insurance Policy Online for Passenger & School
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.
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.
Financial protection against third-party claims
Third-party claims in an accident can lead to a huge dent in your business finances. With so many other responsibilities to attend to as a business owner, this is the last worry you need to have. With a commercial bus insurance plan, you can rest at ease knowing that you are covered against such financial liabilities.
Coverage for own damages
A comprehensive bus insurance plan also covers you against own damages too. Thus, you stay secured against any damages to your own vehicle in an accident. You are also covered if your vehicle sustains damages due to vandalism or complete loss due to theft.
Protection for driver and passengers
The driver of your commercial bus is also covered against injury or death. You can also opt to enhance the protection of your plan so that it covers the passengers too.
Peace of mind
Finally, one of the biggest advantages of having commercial bus vehicle insurance is that you can experience peace of mind as a vehicle owner. You can rest assured that the insurer will cover you against unforeseen circumstances.
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.
We offer cashless services in 4300+ garages which are evenly spread across the country.
We offer different add-ons such as NCB cover, Zero-depreciation cover, and Roadside assistance for added benefits.
For 20 years, we have offered some of the finest insurance policies which makes our customers come back to us time and again.
We have settled a total of 11.48 lakh claims in FY2021 and proudly have a claim settlement ratio of 95.82 %.
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.
If the incident occurred in the absence of a valid driving licence, the claim will not be accepted.
If the driver was operating the vehicle under the influence of drugs or alcohol, claims will not be accepted.
No claims can be made for accidents that occur outside the geographical limits that have been outlined in the policy.
Mechanical and electrical breakdown of the insured vehicle will not be covered in bus insurance.
If the vehicle was being used for any illegal activities at the time of the accident, the claim will not be accepted.
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.
| 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 |
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.
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 –
Visit the IFFCO Tokio website, click at ‘Renew Your Policy’ and enter your bus insurance policy number
Review your coverage and customize your plan, if required
Make your payment through our secure payment gateway on the website
It’s really that simple!
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 –
Visit our website and input your existing policy details to get started with the renewal process
One of our specialists will come to review your vehicle so we can put across the best quotation for your bus insurance plan.
We will then offer you the best quote for your bus insurance plan
Pay for the coverage your vehicle deserves
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.
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.
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.
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.
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!
