Iffco Tokio Car Insurance Policy
Basic Benefits
Iffco Tokio comprehensive coverage offers personal accident cover & third party for owner/driver along with cover for the car.
The car damage due to fire explosions, earthquake, accident by external means, terrorist attack, malicious act, floods, etc. along with towing charges up to maximum of INR 1500 is covered under this policy.
Optional Coverage
Electrical Fittings Coverage
Non-Electrical Accessories Coverage
Named Person Personal Accident Cover
Unnamed Person Personal Accident Cover
Personal Accident Cover For Paid driver, Cleaner & Conductor
Policy Discounts
Automobile Association
Antitheft Device
Third Party Property Damage
Optional Add-On Coverage
Emergency Assistance Coverage - This add-on benefit offers benefits like battery jump start, fuel delivery up to 5 liters, towing (up to 100km radius from the nearest IFFCO-TOKIO branch city center), etc. are provided.
Note: All the plans mentioned below offer comprehensive coverage with exclusions and benefits mentioned above.
Policy Exclusions
Compulsory deductible amount
Ageing, wear and tear
Depreciation
Damage by person without driving license
Damage to tyres and tubes
Portfolio of Products
There are 12 add-on benefits available in this plan out of which any number of benefits can be chosen.The add-on benefits offered under this plan are as follows:-
Depreciation Waiver
Depreciation waiver protects the vehicle from the depreciated or reduced value of car parts (this includes the paint, plastic parts, etc.). The depreciated value is anywhere between 5- 50% and is effective right after the car drives out of the showroom. Thus, with this add-on cover the out of pocket expenses of the insured are saved to a large extent at the time of claim. This benefit is also termed as also known as bumper to bumper cover or zero depreciation.
Invoice Cover
This is an add-on benefit offered under private car insurance policy. With this benefit the insured gets ex-showroom price along with IDV in case of total loss of vehicle.
Daily Cash
The daily cash benefit offers daily allowance in the range of INR 600 to a maximum of 1% of IDV per day is provided for a maximum of 30 days depending on loss/ damage is provided.
Coverage For Loss Of Personal Belongings
Under this benefit, the expenses due to loss of personal belonging in the insured vehicle are covered. Coverage up to a maximum of INR 15,000 depending in the engine cc is provided.
NCB Protection
No-claim bonus is the premium discount which insured earns after every claim free year. Normally, the no-claim discount is lost after a single claim however, with no-claim bonus protect the no-claim discount earned is protected after one claim in a year.
Increase In Limit Of Third Party Property Damage
The limit of third party cover is INR 7,50,000 for any normal comprehensive coverage. With this add-on cover the limit of third party property damage cover is increased above INR 7,50,000.
Coverage For Cost Of Debris Removal
This covers for cost of debris or wreckage removal post major accident. This benefit covers expenses up to 4% of IDV.
Coverage For Cost Of Hotel Accommodation
This coverage is offered in case vehicle has a major breakdown or is stolen which requires more than 12 hours of service. Under this coverage accommodation expenses for passengers of an insured vehicle up to INR 2000 per head for a maximum of INR 24,000 and 3 days would be provided. For this benefit to get activated the place of incidence should be 100km or more.
Coverage For Cost Of Transportation
This coverage is offered for vehicles which requires more than 72 hours for repair. Under this coverage, cost of repatriation of insured vehicle up to INR 10,000 and travelling expenses up to INR 5000 are covered.
Claim Settlement
Cashless Garage Network: For claims, the company has a network of around 2000+ garages.
