Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • IFFCO Tokio Motor Insurance

     4.0 / 5.0   by 78 users
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    Policy Coverage

    Customer Service

    Claim Experience

    Cashless Garages

    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.

    IFFCO Tokio Motor Insurance Reviews

  • Page 1 of 4 1 2 3 4
    • 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
    • Iffco Tokio Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my car insured with IFFCO TOKYO and i have taken this insurance for 1 year, it is a zero depreciation and it has a full coverage. A premium of Rs 21808 has to be paid for this insurance policy. I am happy with the coverage value of this insurance policy.
      Was this review helpful? 0
      , palanpur
      Reviewed on Sep 12, 2018
    • Iffco Tokio Car Insurance
      "No Claim experince yet"
      0.5 4.0/5 "Great!"
      My car is insured with the IFFco Tokyo. They offered a fair IDV value for my car and it has got all the features such as roadside assistance and cashless garage. There hasn't been any claim experience with the policy so far.
      Was this review helpful? 2
      , chandigarh
      Reviewed on Sep 04, 2018
    • Iffco Tokio Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I am having a car insurance with IFFCO TOKIO from last 4 years, i am happy with the coverage value of this insurance policy. I am not aware of the premium amount for this insurance policy. I have not claimed anything so far from this insurance policy.
      Was this review helpful? 1
      , faridabad
      Reviewed on Aug 30, 2018
    • Iffco Tokio Car Insurance
      "The Service needs Improvements"
      0.5 2.0/5 "Expected more"
      My Car is insured with the IFFCo Tokyo, they say that they have all kind of facilities during the purchase but two times when the situation called there were no assistance at all. I called their emergency number and nobody was there for my help which was not a happy experience.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Aug 29, 2018
    • Iffco Tokio Car Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've taken a Car Insurance policy with the IFFCO Tokyo. I am paying a premium of 30000 Per year, they also offered a fair IDV value for my car. The policy has got roadside assistance and cashless garage facility as well. I've claimed the policy twice. It was very fast and they precessed the claims with out any hassle.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2018
    • Iffco Tokio Car Insurance
      "Okay to buy"
      0.5 3.0/5 "Satisfactory"
      I had four wheeler insurance policy with the IFFCO TOKIO General insurance company. I felt like that the customer service is good one and the response is also better one too. Everything is better one with the IFFCO TOKIO General insurance company.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jun 07, 2018
    • Iffco Tokio Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my car insured with IFFCO TOKYO from last 2 years and it is a good policy to use. I am not aware of the premium amount as my company pays it. I have no claim experience so far with this insurance policy and i am satisfied with the coverage value of this insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 28, 2018
    • Iffco Tokio Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my car insured with IFFCO TOKYO from last 4 years and it is a good policy to use. The coverage value for this insurance policy is bumper to bumper and it has a good IDV value. I have no claim experience so far and i pay a premium of Rs 13000 for this insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2018
    • Iffco Tokio Car Insurance
      " IFFCO TOKIO car insurance"
      0.5 3.0/5 "Satisfactory"
      From IFFCO TOKIO GENERAL INSURANCE i have taken a car insurance. The premium is 23000 for an year.The policy benefits include bumber to bumber, cashless garage, road assistance and accidental coverage to the passengers as well. No claim experience and have taken this policy directly from the dealer.
      Was this review helpful? 0
      , nagpur
      Reviewed on May 14, 2018
    • Iffco Tokio Car Insurance
      "GOOD POLICY"
      0.5 4.0/5 "Great!"
      Taken car Insurance from Iffco tokio general insurance company for last 2 years .And am paying payments through on line banking service and Annually am paying for car insurance policy.. Their customer service and response is good . It has good coverage policy.
      Was this review helpful? 0
      , chennai
      Reviewed on May 11, 2018
    • Iffco Tokio Car Insurance
      "The premium should be reduced with respect to the car value"
      0.5 3.0/5 "Satisfactory"
      I'm using the IFFCO Tokyo Car Insurance, the premium is 30000/ annum, the premium should be reduced 20-25 which would be the ideal premium for a car which is 4 years old. I never had any claim experience with this policy. They need to regulate the premium with respect to the current value of the card.
      Was this review helpful? 0
      , chennai
      Reviewed on May 04, 2018
    • Iffco Tokio Car Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have my car insured with IFFCO TOKYO from more than 1 year, i had a very good claim experience and they covered 80-90% of the billed amount. This policy covers only bumper to bumper and third party damages. A premium of Rs 30000 has to be paid for this insurance.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 17, 2018
    • Iffco Tokio Car Insurance
      "best experience"
      0.5 5.0/5 "Blown Away!"
      I had taken a car insurance policy from the Top most private sector insurance company IFFCO TOKIO GENERAL INSURANCE. The important benefit is the claim procedure is very easy and simple. My idv value for my vehicle is Rs. 11k.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 12, 2018
    • Iffco Tokio Car Insurance
      "Worst policy which ever I have seen"
      0.5 1.0/5 "Really Bad"
      I have a zero dep insurance policy on my Honda City car, but when I go for claim with silly reasons they are asking for 50% co-pay. I have paid around 35 thousand for the insurance renewal with zero dep.Still they want to steal people like anything. Please don't go for this worst policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 01, 2018
    • Iffco Tokio Car Insurance
      "Car insurance with IFFCO TOKIO "
      0.5 4.0/5 "Great!"
      From IFFCO TOKIO GENERAL INSURANCE i have taken a car insurance and the premium amount is 2500 , which i have to pay every 6 months. The policy benefits include zero depreciation, bumber to bumber, road assistance. Its really a beneficial policy.
      Was this review helpful? 0
      , vadodara
      Reviewed on Mar 12, 2018
    • Iffco Tokio Car Insurance
      " IFFCO TOKIO car insurance"
      0.5 3.0/5 "Satisfactory"
      I have taken a car insurance from IFFCO TOKIO GENERAL INSURANCE and the premium around is15000. The benefits comes as zero depreciation, bumber to bumber, road assistance , accidental coverage to the passenger. But i think the premium amount is bit higher while comparing with BAJAJ.
      Was this review helpful? 0
      , faridabad
      Reviewed on Mar 09, 2018
    • Iffco Tokio Car Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have recently renewed the car insurance policy around 6 months ago from IFFCO TOKIO GENERAL INSURANCE company. I have paid Rs,12,000 to renew the policy last year. The customer support service is good with the IFFCO TOKIO GENERAL INSURANCE company, because they give intimations to renew the policy before the due date. I never got any claim experience with this car insurance policy from the IFFCO TOKIO GENERAL INSURANCE company.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 27, 2018
    • Iffco Tokio Car Insurance
      "Good insurance policy"
      0.5 5.0/5 "Blown Away!"
      I hold a car insurance with IFFCO TOKYO from last 3 years, it is one of the very good insurance policy to use. I pay a premium of Rs 25000 which has to be paid every year for this insurance. It was a good claim experience with this insurance, they covered 80% but it was not bumper to bumper. I am also satisfied with the benefits of this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 28, 2017
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