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.

 4.5 / 5.0   by 106 users
Used this product? Write a review >>

Policy Coverage

Customer Service

Claim Experience

Cashless Garages

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

IFFCO Tokio Motor Insurance Reviews

Page 1 of 6 1 2 3 4 5
  • Iffco Tokio Car Insurance
    "Good Insurance Policy"
    0.5 4.0/5 "Great!"
    I have a zero claim experience for my car insurance from Iffco Tokio. Actually my friend has suggested me to take the car insurance from Iffco Tokio because he is working as a agent over there. I have paid the premium amount of Rs. 8000 for that they are providing the coverage value of Rs. 2.75 lakhs. I have no idea about the road side assistance and no claim bonus.
    Was this review helpful? 2
    , vapi
    Reviewed on Jan 06, 2020
  • Iffco Tokio
    Iffco Tokio Car Insurance
    "Good Claim experience"
    0.5 4.0/5 "Great!"
    Earlier i had a car insurance with Iffco Tokio and had a claim experience. Since the premium amount is high and the IDV value is less hence i have changed the policy by next year. They have processed the claim in one week. They have cover upto 100% and i have paid only Rs. 500. I have paid the premium amount of Rs. 50000 for the coverage amount of Rs. 7.40 lakhs.
    Was this review helpful? 1
    , chennai
    Reviewed on Dec 18, 2019
  • Iffco Tokio Car Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My car insurance was taken from Iffco Tokio. Through online i have purchased the policy because the premium amount is less and the coverage is high. I pay the premium amount of Rs. 6500 for that they are offering a coverage amount of Rs. 2.50 lakhs. I do not have any claim experience till now.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 17, 2019
  • Iffco Tokio Car Insurance
    "Need improvement on the cash garages"
    0.5 4.0/5 "Great!"
    In 2017 I used Iffco Tokiyo for the car protection, the premium cost was economical. But they don't have cash less garages for certain demise hence I have moved other insurance company. The online option is very good for renewal and other purpose.
    Was this review helpful? 0
    , sonipat
    Reviewed on Sep 19, 2019
  • Iffco Tokio Car Insurance
    "Need improvement on the cash garages"
    0.5 4.0/5 "Great!"
    In 2017 I used Iffco Tokiyo for the car protection, the premium cost was economical. But they don't have cash less garages for certain demise hence I have moved other insurance company. The online option is very good for renewal and other purpose.
    Was this review helpful? 0
    , sonipat
    Reviewed on Sep 19, 2019
  • Iffco Tokio Car Insurance
    "Its a best one"
    0.5 5.0/5 "Blown Away!"
    I do have car insurance with IFFCO TOKIYO, I have paid around the premium around Rs. 2000 for my 2007 old car I took third party insurance but there is no experience. I believe they are providing no claim bonus whenever I go for the renewal I could see there. But I don't find any difference in the premium. I am expecting some more low premium.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 27, 2019
  • Iffco Tokio Car Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    Before two years my car met with an accident right side of the mirror got fully damage, at the time I got the cash less garages they got tied up lots of service center. The car policy premium is Rs. 75,000 per year for the bmw car, the insurer has 24 hours service and road side assistance.
    Was this review helpful? 0
    , chennai
    Reviewed on Aug 19, 2019
  • Iffco Tokio Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have a car insurance with IFFCO TOKIO which was offered by the dealer, I think the benefits are better. I have not contacted the customer service. They have provided me insurance paper on time. Once I had a claim and it was a good experience. I had to pay only around Rs.2000 as nominal charges and rest has been covered by the insurer.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 06, 2019
  • Iffco Tokio Car Insurance
    "Can do better"
    0.5 5.0/5 "Blown Away!"
    The customer response is very good with Iffco Tokiyo, I paid the premium of Rs. 50,000 for one year,its a zero depreciation comprehensive plan, once I claimed at uttarpradesh I dashed the vehicle in the high way. At the time car front part got damaged, I got the reimbursement finally. They don't have road side assistance and 24 hours service.
    Was this review helpful? 0
    , lucknow
    Reviewed on Aug 01, 2019
  • Iffco Tokio Car Insurance
    "Satisfactory"
    0.5 4.0/5 "Great!"
    Iffco Tokio is good and haven't claimed any time but the insurance premium is very cheaper than Kotak. The benefits are average. Its been longer time and have taken a first party insurance. The policy period is one year. I have paid around 5K, when my vehicle was bought in the year of 2013.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 24, 2019
  • 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 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
Common Loader Icon
Page 1 of 6 1 2 3 4 5
reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.