Car Insurance

Car Insurance

What is Car Insurance?
Car insurance offers protection against accidents, theft, natural calamities & other unforeseen circumstance that could harm your vehicle. Having a good motor insurance policy ensures that you and your car are protected from the financial losses of these unfortunate events.

As per the Motor Vehicle Act of 1988, it is also compulsory to have vehicle insurance to drive your car on Indian roads. You can purchase our basic third party insurance policy to comply with this mandate. Or, you could opt for the added protection of our comprehensive car insurance policy and enjoy complete peace of mind on every drive. We also offer standalone own damage insurance that can be bundled with a third party insurance policy to provide all-round cover against the perils of the road.

You can also choose from several add-on covers such as Depreciative waiver or zero depreciation insurance, return to invoice cover, etc. and customize your plan to your exact requirements. You can set the IDV and voluntary deductible of your plan to suit your needs and tailor the coverage to fit your budget perfectly. With IFFCO-Tokio, you get auto insurance that is light on your wallet and provides all-round cover for your vehicle.

Coverage against natural causes like flood, storm, lightning, earthquake, landslide, etc.
Coverage against manmade causes like burglary, theft, accidental external damage, etc.
24X7 on Road side assistance coverage
Zero Depreciation Cover
Coverage for CNG/LPG fuel kit.
Coverage for loss or damage to Electrical or non-electrical accessories
More than 4300+ garages working tirelessly to provide hassle free service

Key Features of Car Insurance By IFFCO- Tokio

Savings Save Up to 70% on Premium
Cashless Repairs Available at 4300+ Cashless Garages
Customizable Add-Ons 8 Add-ons available
NCB Benefits Get up to 50% Discount
Easy Claims App-based Claim Settlement within 4 Hours
Claim Settlement Ratio 92.65% Claims Settled
Claim Assistance 24/7 claim assistance Customer service
Own Damage Cover Available
Damages to Third-Party Available

Inclusions
Car insurance provides coverage against:

Collisions
Damages and losses that may arise out of collisions & accidents.

Theft
Coverage against losses incurred when your car is stolen.

Fire
Damages and losses caused to due to an accidental fire.

Natural Disaster
Damages and losses due to acts of nature such as floods, cyclones, etc.

Personal Accident
Get compensation up to Rs. 15 lakh in case accident leads to death or disability of the owner.

Third-Party Losses
Pays for property damages and injuries caused by your car.

What's not covered?
Standard exclusions of a car insurance policy.

Damage arising due to war and similar conditions
In the case of a Third-Party or Liability Only Car Policy, damages to own vehicle won't be covered.

Damages that arise when driving under the influence of alcohol
You were driving drunk or without a valid driving licence.

Damages that arise when driving without a valid licence
You hold a learner's licence and were driving without a valid driving licence-holder in the front passenger seat.

Damages that arise when policy is not active
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)

Regular wear and tear
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)

Regular servicing expense
Some situations are covered in add-ons. If you haven't bought those add-ons, the corresponding situations will not be covered.

Want more protection? We've got you covered
Choose from a range of add-on covers to increase the protection of your plan.

Zero-Depreciation Add-on
Every year the value of your car and its parts decreases by a certain percentage. This is known as depreciation. Claim amounts are generally based on the depreciated value of your car, resulting in lower payouts. To avoid this, one can opt for the zero-depreciation add-on cover. It ensures you get complete compensation for your carand its parts, without considering their depreciated value.

Engine Protection
The engine is the heart of your car. However, damages to the engine are usually not covered by a car insurance policy. Therefore, if you want protection for this vital component of your vehicle, you can opt for the engine protection add-on. It will provide coverage against damage to the important parts of your engine, including the crankshaft, piston, pins, cylinder, gearbox, and so on.

No Claim Bonus (NCB) Protection
No claim bonus is a discount provided to you for not making a claim against your policy. This discount keeps increasing every year if you do not make a claim. In this manner, you can avail a discount of up to 50% on your premium amount. if you make even a single claim, the NCB discount is lost and normal premium amounts are restored. However, with the NCB protector add-on, your discount will remain intact, even if you make a claim.

New Vehicle Replacement
With this add-on, in case of total loss or theft of your vehicle, the insurance provider will provide you with the on-road price of your car as compensation. Whereas, with a normal plan, you would only get the IDV of your car and this decreases every year

Roadside Assistance
Cars can breakdown and when they do it is often at the worst time and place. A mechanical failure could leave you stranded in the middle of nowhere without any help in sight. However, if you opt for the road-side assistance add-on, you can simply call your insurance provider and they will send mechanical assistance your way.

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 will return to the insured the premium paid less the pro rata portion thereof for the period the Policy has been in force. The policy may be cancelled at any time by the insured on seven days notice by recorded delivery and provided no claim has arisen during the currency of the policy. The insured shall be entitled to a return of premium less premium at the Company's Short Period rates for the period the Policy has been in force.