Nowadays every individual wants to buy a car at any cost. The car is a valuable thing chosen by each person according to their preference. Before buying a car, the person goes through the number of advertisements to select their dream car. But it’s very difficult for the common man to purchase the vehicle with their Income. Buying the car with lakhs of the amount is not enough, safeguarding the car with the best insurance policy is important. Today there is no guaranty to the life of the person or for the car while driving. Hence many individuals are buying some Car Insurance policies. The immediate step, the Customer, must do after buying the Car is buying the best Insurance Plan. The IFFCO Tokio Car Insurance Policy provides financial cover to your car against physical damage, theft and third party liability.
IFFCO Tokio Car Insurance Policy Review
Consider this, you buy a brand new car, take it out for a spin and some jerk comes and bumps you from behind. The damage done to the car will be secondary, but you would first feel as if someone has shattered your dream just in a second. At that time, the person suffers a lot to recover the damages done to the car. Then a thought comes to your mind that if you had opted for motor insurance at the time of buying, you might not suffer at this moment. If you own your car, you probably heard a little about car insurance. You also heard these words such as deductible or premium. But, do you actually understand the different parts of an auto insurance policy and do you know how to choose the best coverage? In this article, I suggest you in choosing the best car insurance policies.
We all are aware of the fact that life is full of unexpected happenings. The IFFCO Tokio Car Insurance Policy strives to give you complete security and protection from unpredicted accidental loss as well. Car Insurance or motor insurance covers for losses that you might incur if your car gets damaged or stolen. It is important for any policyholder to compare various auto insurance options before going for a car insurance renewal or buying a new policy. Nowadays every individual is striving to save every minute from their busy schedule. For the sake of those policyholders, Iffco Tokio Insurance company have given the online private car insurance policy that protects your car against various types of external damages. The Key features, Renewal Process, Inclusions, Exclusions, etc. of Iffco Tokio Four Wheeler Insurance Plans are mentioned in detail on our www.policycorner.in site.
What are the Features of Iffco Tokio Four Wheeler Insurance Policy?
- By paying a higher premium, the insured can get ‘On road protection coverage’ and ‘Tokio’s value auto coverage’.
- Two basic types of policies are available. They are Liability only Policy and Comprehensive Cover Policy.
- Cashless settlement claims at more than 2000 network workshops Immediate attention for your claims by trained in-house surveyors.
- 24×7 call centre service is in place, for any support relating to claims.
- Upto 50% of your No Claim Bonus (NCB) can be transferred from any insurer.
- Unique emergency assistance services available through IFFCO Tokio ’On Road Protector Coverage’ at a nominal extra premium, along with this Policy.
IFFCO Tokio Vehicle Insurance Plan Benefits
The Policyholder can avail various benefits by choosing this IFFCO Tokio Car Insurance Policy. Those benefits are
- Digitally signed Policy document can be issued immediately at IFFCO Tokio offices, POS centres, or for online purchases.
- Doorstep arrangements can be made for fresh or renewal covers.
- Arrangements for the free inspection, in respect of break in insurance cases.
- Hassle-free cashless claim settlement is available.
- Large fleet of trained in-house Surveyors utilised for immediate attending to claims.
- Usage of online e-survey claims module by both in-house and external Surveyors, for lowest TAT in claim settlement.
- A Unique bouquet of additional benefits available through IFFCO Tokio ‘Value Auto Coverage’ at a small extra premium (depending on the benefits opted for), along with this Policy.
Discounts Available
The discounts available under this IFFCO Tokio Car Insurance Policy are
- Voluntary Deductible discount.
- No claim bonus.
- Automobile Association Discount.
- Discount on Vintage Cars.
Inclusions of IFFCO TOKIO Private Car Insurance Policy
The Coverages of this Iffco Tokio Private Car Insurance Policy are
- Own Damage Cover: This will protect you against damage of vehicle due to the following
- Accident due to external means.
- Burglary, housebreaking or theft.
- Fire, explosion, self-ignition, lightning.
- Terrorism, riots, strike or malicious act.
- Transit by road, rail, inland waterway, lift.
- Earthquake, flood, storm, landslide, rockslide.
- Third-party liability cover: This Third party liability cover will protect you against financial expenses arising from legal expenses or claims settlement in case your vehicle has caused some damage to a third party that has resulted into their death, injuries or property damage.
- Personal accident cover:
- The Personal Accident cover will provide you with a cover of Rs. 2 lakhs for individual owner or driver.
- Reimbursement of expenses maximum up to Rs. 1500 for towing, redelivery or accident of your car.
- Cover for any damage or loss of electrical and non-electrical parts of the car along with CNG/ LPG fuel kit.
- Personal accident cover for unnamed passengers.
- A wider legal liability cover for driver or conductor.
- If your vehicle is participating in any rallies, get protected against damages.
Exclusions of Iffco Tokio Car Insurance Policy
There are still some exclusions that are not covered under this IFFCO Tokio Private Car Insurance Policy. They are
- Mechanical or electrical breakdown, depreciation, wear and tear.
- The Vehicle being driven under the influence of intoxicating liquor/ drugs.
- Any consequential loss or contractual liability.
- Driving without a valid driving license.
- Loss of accessories by theft, unless the vehicle is stolen at the same time.
- Vehicle being used in contravention of limitations as to use (e.g. for hire or reward, organised racing or speed testing etc.).
- War and nuclear perils.
- Damage to the tyres/ tubes unless insured vehicle is damaged in the same incident, in which case 50% of replacement cost will be paid.
IFFCO Tokio Online Car Insurance Policy Buying Procedure
The IFFCO Tokio Insurance Plan buying procedure is available here. The Buying process of Car Insurance policy is very simple if you have all the information regarding documents with you. Before buying the Iffco Tokio Private Car Insurance, read the Plan details carefully. The Appointee can buy the Iffco Tokio Four Wheeler Insurance Plan in two ways either offline or online. For offline Process, Visit the nearest IFFCO Tokio General Insurance Company Branch Office. For Online Process, refer the Official Website and fill the application form or proposal form for the relevant policy.
Documents required to Buy Iffco Tokio 4 Wheeler Insurance Policy
- Registration number.
- Engine no.
- Chassis number.
- Previous policy number if you are holding any.
- Month and year of vehicle manufacture.
- Date and city of purchase.
- Insured address, Phone no and email id.
- Keep your RC copy by hand.
Claim Process of Car Insurance Policy in IFFCO Tokio General Insurance Company
The Policyholder can claim the Insurance plan offered by the IFFCO Tokio General Insurance Company. First of all, to intimate a claim, you have to call the Toll free Helpline no. 1800 103 5499. The insured need to submit the claim documents to the help desk of the company. The Claim will be settled as soon as possible if you have submitted all the required documents. Therefore, Let us have a look at the documents required. So, to Claim the IFFCO Tokio Car Insurance Policy, you have to carry the following documents.
Documents required In case of accident:
- Duly filled and signed claim form and satisfaction voucher.
- Registration certificate (RC).
- Driving license of the person driving at the time of an accident.
- Original repair estimate, repair invoice.
- Payment receipt for non-cashless claims.
- Original repair invoice for cashless claims.
- AML documents for amount more than 1 lac
- PAN Card.
- 2 Passport size photos.
- Residence proof.
- Form no. 35 and original NOC from financier.
- A copy of FIR is required in case of third-party injury/ death/ property damage.
In case of theft, the documents required are
- Duly filled and signed claim form and satisfaction voucher.
- Original Registration certificate (RC).
- Original Policy copy.
- Copy of FIR
- All original keys and vehicle invoice copy.
- No trace report confirming that the stolen vehicle is not traceable.
- Form 26,28,29,30,35 duly signed by RTO transfer papers.
- AML documents for the amount more than 1 lakh.
- PAN Card.
- 2 Passport size photos.
- Residence proof.
Iffco Tokio Car Insurance Renewal Process
IFFCO Tokio Private Car Insurance Renewal process is possible in two ways, i.e., offline and online. For offline renewal, you have to visit the IFFCO Tokio General Insurance Company Branch Office within the grace period. The Policyholder should fill the corresponding forms regarding the policy and make payment. The Renewal process of Iffco Tokio Four Wheeler Insurance Policy through Offline is a time taking process. So to reduce the effort and save the customer’s time, the company has introduced online renewal process.
How can I renew Iffco Tokio Private Car Insurance Policy Online?
- Visit the official website of the IFFCO Tokio General Insurance company.
- Select the Car Insurance plan under Motor Insurance category.
- Click on Renew Existing Policy.
- Enter your Policy details and tap on Search button.
- Pay your premium through internet banking/ debit card/ credit card.
- Take the printout of the payment receipt.
- With this, your renewal process has completed.
IFFCO-Tokio Car Insurance Premium Calculator
IFFCO Tokio Four Wheeler Insurance Premium Calculator is used to calculate the premium amount that has to be paid to get all the benefits based on the depreciation value and IDV value. The Iffco Tokio Car Insurance Policy Premium Calculator is available on the official website. The data required for calculating premium amount using Iffco Tokio Private Car Insurance Policy Maturity Calculator are
- Registration state of the vehicle.
- Type of vehicle.
- Class of vehicles.
- Model.
- Manufacturer.
- Body type.
- Registration location, etc.
Cancellation of Iffco Tokio Private Car Insurance Policy
The Company may cancel the policy by sending seven days notice by recorded delivery to the insured at insured’s last known address. If the ownership of the vehicle is transferred, the policy cannot be cancelled unless evidence that the vehicle is insured elsewhere is produced. For the cancellation request, the policyholder can also contact the Tollfree number or generate the service request.
For further details, refer the Brochure of Iffco-Tokio Car Insurance Policy.