IFFCO-TOKIO general insurance company limited is a joint venture between the Indian Farmers Fertilizer co-operative along with its associates and Tokio Marine and Nichido Fire group, an insurance group based in Japan. The company is a reliable name in providing insurance services to its customers.
Among the various products offered by the company, is the motor insurance that also covers car insurance. The IFFCO-TOKIO car insurance policy is a complete package of security and protection against any kind of losses from unpredicted accidents. We discuss in detail here under what the policy covers and its exclusions too.
Scope of IFFCO-TOKIO Car Insurance Policy
The IFFCO-TOKIO car insurance covers the following-
- Any loss or damage to the vehicle which is due to explosion, fire, self-ignition, flood, storm, hurricane, cyclone and other similar natural calamities.
- Any loss due to theft, burglary, terrorist activities, damage due to accident, or damage in transit (rail, road, lift, water way or air).
- An unlimited legal liability towards a third party for death or injury.
- Cover of up to Rs.750,000 in case of a damage to property due to the use of the insured vehicle at a public place.
- A cover of Rs.200,000 in case of personal accident for the owner(individual) or the driver of the car. The accident includes while travelling or mounting or dismounting from the car. The cover includes not only death but also different kinds of disabilities that are permanent in nature.
- The IFFCO-TOKIO car insurance also includes the reimbursement of petty expenses of up to Rs. 1500 in case of an accident for protecting, towing or removing the car. It also includes the expenses incurred in the redelivery of the car.
- With a payment of an additional premium, there are some important extensions that are made available in the IFFCO-TOKIO car insurance policy like
- Any loss or damage to any electrical or non-electrical accessories in the insured car.
- Any damage to the CNG or LPG fuel kit.
- A personal accident cover, also for any unnamed passengers in the car.
- A wider cover of legal liability for the driver of the insured car.
- Participation in any form of rallies by the insured car.
Exclusions in the IFFCO-TOKIO car insurance policy
The IFFCO-TOKIO car insurance policy does not cover any damage or loss under the following circumstances-
- A consequential loss
- A contractual Liability
- Depreciation or wear and tear
- Any kind of electrical or mechanical breakdown
- Driving a vehicle without a valid license
- Driving a vehicle under any form of influence of liquor or drugs
- Any damages during a war or a nuclear peril
- In case the vehicle is being used in violation of the limitations of use
- Loss of only the accessories by theft. (It is covered only in case the vehicle is also stolen along with the accessories)
Benefits of IFFCO-TOKIO car insurance policy
- The company offers cashless claim settlement at its 2000 workshops or garages. The process is made hassle free.
- To enable the online purchases of the policy, digitally signed documents are issued at various offices of the company.
- Doorstep arrangements are offered by the company for car inspections, fresh covers or renewal covers (In regards to the break in insurance cases).
- A large number of trained surveyors to ensure immediate attention to claims.
- 24X7 customer services to provide any form of support or to answer any queries relating to claims.
The company offers online car insurance policy and easy online renewal options too.
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