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IFFCO Tokio Motor Insurance

IFFCO Tokio is a joint venture between Indian Farmers Fertilizer Co-operative (IFFCO), Nichido Fire Group, and Tokio Marine. The associates of IFFCO are some of the largest listed insurance groups in Japan.

The company has a great reputation in the industry for the transparency with which it operates and quick response time. IFFCO Tokio has a strong IT infrastructure team that has improved the efficiency of the company’s claim settlement process manyfold.

The company offers various types of insurance solutions to customers, including motor, travel, home, health, business, and rural insurance schemes.

Why Should You Buy Motor Insurance From IFFCO Tokio?

IFFCO Tokio offers its customers motor insurance policies with extensive coverage to protect the policyholder from every possible risk. Some of the benefits of buying motor insurance from IFFCO Tokio are:

  • The insurer offers several add-on covers to increase the coverage of the basic motor insurance plan.
  • Policyholders can get cashless claim service at more than 2,300 network garages across India.
  • You can purchase motor insurance effortlessly by logging in to the official website of IFFCO Tokio. It is also possible to renew motor insurance online in a matter of minutes.
  • The insurance company utilises extremely secure systems for online sales. This ensures that your confidential information is not compromised at any cost.
  • You can set policy renewal reminders by filling up an online form at the insurer’s website. This ensures that you never face a situation wherein your policy moves into the expired status for non-payment.
  • The company has a large set of in-house surveyors who attend to claims immediately.
  • The insurer has one of the lowest turnaround time for claim settlement in the industry.
  • IFFCO Tokio offers 24x7 call centre service that attends to claims and queries of customers.

Types Of Motor Insurance From IFFCO Tokio

IFFCO Tokio offers its customers various types of motor insurance policies, based on their specific needs:

  • Car insurance policy- This plan offers complete insurance coverage for private cars in the country. The policyholder gets coverage for physical damages to the insured car, personal accident cover that protects from injuries and death, theft of the insured vehicle, and third-party liability.
  • Commercial vehicle insurance policy - This protects a vehicle used for commercial purposes from various types of external damages. It also offers third-party liability cover and personal accident cover to the driver.
  • Two-wheeler insurance policy - This insurance plan offers protection to two-wheelers from theft and physical damages. The policyholder is also protected from third-party liabilities. This insurance plan can easily be bought online from the insurer’s website.

IFFCO Tokio Liability Only Insurance Policy - Inclusions

This is the most basic form of motor insurance that every vehicle should be equipped with. This is also the minimum level of motor insurance made compulsory by law in India. The liability only plan offers the following coverage:

  • Protection from legal liability to a third party in an accident - This includes coverage for injuries or death of the third party. Third-party property damage is also covered under the plan. Although there is no upper limit for claims related to third-party injuries/death, a third-party property damage claim is capped at Rs.7,50,000. However, the actual amount that is payable is determined by the Motor Accident Claims Tribunal (MACT).
  • Personal Accident Cover for the owner-driver - The owner-driver of the insured vehicle gets a compensation of up to Rs.2 lakh for permanent disabilities/death in an accident involving the vehicle.

IFFCO Tokio Package Policy - Inclusions

The package policy from IFFCO Tokio is a comprehensive insurance cover that includes the following coverage:

  • Losses due to fire, self-ignition, and explosion
  • Damages from floods, storms, hurricanes, lightning, earthquakes, etc.
  • Losses due to theft, strikes, malicious activities, terrorist acts, in-transit damages, etc.
  • Third-party liability
  • Personal accident cover of up to Rs.2 lakh for the owner-driver
  • Reimbursement of up to Rs.1,500 for towing, redelivery, and protection of the insured vehicle after an accident.

The coverage of the package policy can be extended by purchasing add-on covers such as:

  • Personal accident cover for passengers
  • Protection for electrical/non-electrical accessories and LPG/CNG kit
  • Additional legal liability cover for the conductor/driver of the insured vehicle
  • Protection for participation in rallies

IFFCO Tokio Motor Insurance - Exclusions

The following incidents are not offered coverage under the motor insurance policies from IFFCO Tokio:

  • Contractual liabilities
  • Consequential losses
  • Electrical and mechanical breakdown
  • Depreciation of the vehicle parts
  • Wear and tear of the insured vehicle
  • Driving the insured vehicle after the consumption of alcohol/drugs
  • Driving when not in possession of a valid license
  • Using the vehicle beyond limits
  • Nuclear disasters and war
  • Damage to the tubes/tyres unless the insured vehicle is also damaged
  • Theft of accessories, unless the vehicle is also stolen

IFFCO Tokio Motor Insurance FAQs

  1. I have bought a used car. How can I transfer the insurance policy in my name?

You should submit an application to the insurer within 14 days of change in ownership. All relevant documents have to be submitted and fees/additional premium will have to be paid along with the application. The insurer transfers the policy after receiving the required documentation.

  1. How does IFFCO Tokio calculate my car insurance premium?

Under the IFFCO Tokio motor insurance policy, there are two components of premium:

  • Liability premium is a fixed amount that depends on the cubic capacity of the vehicle’s engine.
  • The own-damage premium depends on several factors, such as age, engine capacity, model, area of operation, etc. These factors along with the Insured Declared Value (IDV) of the vehicle decides the own-damage premium.

Additional premium is also payable for add-on covers that you choose.

  1. Does IFFCO Tokio offer any premium discounts?

You can get discounts on premium for the following events:

  • Getting membership in automobile associations
  • Installing anti-theft devices
  • Opting for higher voluntary deductibles
  • Using No Claim Bonus (NCB)
  1. How much discount can I get through NCB?

You can get up to 50% discount on own-damage premium through the use of NCB. This depends on the number of claim-free years you have observed.

  1. If I change insurance companies, what happens to the NCB?

You can preserve the NCB using an NCB protection certificate from your current insurer. You will have to use this bonus on another motor insurance policy within 90 days.

 4.0 / 5.0   by 96 users
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IFFCO Tokio Motor Insurance Reviews

Page 1 of 5 1 2 3 4 5
  • Iffco Tokio Car Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the car insurance policy with IFFCO TOKIO GENERAL INSURANCE and using from last 2013 and i no claim experience also coverage is for bumper to bumper for full coverage. The premium and the IDV value is good compared to the others. There are benefits of road assistance is not there.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 16, 2019
  • Iffco Tokio
    Iffco Tokio Car Insurance
    "Correct premium rate !!!"
    0.5 4.0/5 "Great!"
    I insured my Renault Kwid in IFFCO tokio for the next one year. They provide a zero dep policy which is bumper to bumper cover. It is a first party coverage . Premium rate is very affordable to pay . So many cashless garage is available in my location .
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Apr 04, 2019
  • Iffco Tokio Car Insurance
    "Good in all"
    0.5 5.0/5 "Blown Away!"
    My car insurance is with Iffco Tokio General insurance. They have offered good benefits and also a good policy coverage as well. The customer support is good and the policy was easy to get. The premium cost is also nominal. It is the best insurance provider.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Mar 09, 2019
  • Iffco Tokio Car Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance policy on November 2018 and the premium had been paying on an annual basis. The payment method is pretty easy and the premium amount has not been high. The policy covers bumper to bumper and it depends on the amount. There has not been any claims which i had made so far.
    Was this review helpful? 0
    , new delhi
    Reviewed on Mar 08, 2019
  • Iffco Tokio Car Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I bought a new car and it is a 2018 model. I have purchased a Hyundai WRV, for that I took Iffco Tokio car policy. The premium was reasonable. For this car I paid close to Rs.28,000, its zero depreciation plan front to back bumper covered. They service is proactive along with the car delivery I got the papers. I got the best insured value too.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 05, 2019
  • Iffco Tokio Car Insurance
    "Good Insurance company"
    0.5 5.0/5 "Blown Away!"
    IFFCO TOKIO provide cash less facility all over in India, they got tie up with many center service. Basically I just renew the policy, no claim bonus are good around 35% and they road side assistance feature is available. I took zero depreciation plan for my Hyundai I20. The cost of the policy is very reasonable as compared to other insurer.
    Was this review helpful? 1
    , new delhi
    Reviewed on Mar 02, 2019
  • Iffco Tokio Car Insurance
    "Nice Policy"
    0.5 4.0/5 "Great!"
    My car insurance policy was taken from Iffco Tokio. That time they have provided me a very good benefits like lower premium with the higher IDV value hence i have chosen them. I do not remember about the Premium amount and they are providing the IDV value of rs. 4.05 lakhs which I'm happy about it. They are providing the bumper to bumper and road side assistance. I have chosen the zero depreciation policy.
    Was this review helpful? 0
    , faridabad
    Reviewed on Feb 25, 2019
  • Iffco Tokio Car Insurance
    "Complete protection with Iffco Tokiyo"
    0.5 5.0/5 "Blown Away!"
    I have a car it has Iffco Tokiy policy, this is only insurance company who give zero depreciation for eight years old vehicle, the premium is decent and economical. They are good in the service, they have 24 hours of service, road side assistance and they got tie up with many centers.
    Was this review helpful? 0
    , noida
    Reviewed on Feb 23, 2019
  • Iffco Tokio Car Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I have a car insurance with IFFCO TOKYO from more than 1 year. I paid a premium of Rs 17000-18000 for first year and Rs 13000 for second year. This policy has full coverage with 0% depreciation and i have no claim experience so far.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 20, 2019
  • Iffco Tokio Car Insurance
    "Good"
    0.5 3.5/5 "Pretty good"
    I am having a car insurance with Iffco Tokio. There is no claim experience. I have paid almost 10K for an insurance. My car is 3 to 4 years old, I think road side assistance is available. It is a first party insurance. The online payment is okay and very tedious.
    Was this review helpful? 1
    , gurgaon
    Reviewed on Feb 09, 2019
  • Iffco Tokio Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I do have a car insurance with Iffco Tokio and my car is 5 years old. This is the only insurance company who can provided me a zero dep. The customer service was good. There was no claim experience till now. They do give a reminder call at the time of renewal. It is a first party insurance. Their policy coverage is also good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Feb 08, 2019
  • Iffco Tokio Car Insurance
    "Good"
    0.5 3.0/5 "Satisfactory"
    I have a car insurance with Iffco Tokio and it was offered by the Honda Showroom and the policy yet to complete. I was received a reminder call from the customer service but am not interested in paying more premium. I have no claim experience. Am not sure about the benefits.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 31, 2019
  • Iffco Tokio Car Insurance
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    This policy covers Bumper to bumper cover and cashless garage coverage. It holds zero deprecation coverage Where the representative explained the policy very well . Am satisfied with premium amount which am making . Overall am not that much satisfied with the iffco tokio insurance company as after taking the policy and also there are no updates from the insurance company.
    Was this review helpful? 0
    , faridabad
    Reviewed on Jan 28, 2019
  • Iffco Tokio Car Insurance
    "Good Policy and you can try"
    0.5 4.0/5 "Great!"
    Two months before, i have taken my car insurance policy with Iffco Tokio. Its a PAN India agreement policy for my Maruti Car. I don't remember about the coverage value. This is a zero depreciation policy. I paid the premium amount of Rs. 6500. I have not seen any add on and cashless garage facility.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 07, 2019
  • Iffco Tokio Car Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have a car insurance with IFFCO TOKYO from last 1 year, there was no claim experience so far with this insurance policy. I pay a premium of Rs 5500 for this car insurance. This is a first party insurance with 0% depreciation and the coverage value is good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 03, 2019
  • Iffco Tokio Car Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    My car is insured with IFFCO TOKYO and i have taken this policy for 1 year, i pay a premium of Rs 12000 for this insurance policy. I had no claim experience so far with this insurance policy. This policy has full coverage with 0% depreciation.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 03, 2019
  • Iffco Tokio Car Insurance
    "Very Good policy"
    0.5 5.0/5 "Blown Away!"
    My car insurance policy was purchased 3 months back. I have paid the premium amount of Rs. 20000 and they have provided me a zero depreciation policy. I have got the other features of bumper to bumper, no claim bonus. I have not claimed anything in this policy so far.
    Was this review helpful? 1
    , new delhi
    Reviewed on Dec 22, 2018
  • Iffco Tokio Car Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had taken this insurance policy a long time back. I had been paying the premiums on an annual basis and the amount was around 19,000. Once there has been an accident happened and they had given a good service, the total charges was around 40,000 and i just had to pay around 1000 only.
    Was this review helpful? 0
    , new delhi
    Reviewed on Nov 28, 2018
  • Iffco Tokio Car Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    The dealer have suggested the IFFCO TOKIYO car policy, I got the better IDV value for bumper to bumper zero depreciation plan. I got the policy documents on time, I had a claim once, I directly approached the dealer they taken money from the cover. But I have paid 20 to 30% of amount according to the parts which was not covered.
    Was this review helpful? 1
    , chennai
    Reviewed on Nov 05, 2018
  • Iffco Tokio Car Insurance
    "Its Better"
    0.5 5.0/5 "Blown Away!"
    I paid the premium amount of Rs. 11,000 for my Hyundai I20 car. Its a brand new car I took car insurance from Iffco Tokio. They are providing cash less garages service and also they gave me good IDV value compared to other insurance companies.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Sep 29, 2018
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