IFFCO-Tokio General Insurance commenced its operations in December 2000 as a joint enterprise between Tokio Marine and Nichido Fire Group, the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates. The firm has grown since, making its presence known across the country by providing quality insurance services via its 78 Strategic Business Units (SBUs), 400 Bima Kendras and 171+ Lateral Spread Centres (LSCs).
IFFCO-Tokio’s website and third-party insurance websites have a built-in tool known as the premium calculator that allow the prospective policyholder to get a quote on his/her car insurance premium just by providing relevant details against the calculating parameters. IFFCO-Tokio premium calculator can be used when renewing an IFFCO-Tokio car insurance policy or an insurance policy purchased from another insurer. The parameters used by the premium calculator to quote the insurance premium are:
Once you provide details for the above, click on the ‘Quick Quote’ option provided below the page to proceed further and get your quote.
You can renew your insurance either online or offline depending on your convenience.
You can visit the insurer’s or any third-party insurance website to renew your insurance policy after getting your insurance premium quote from the premium calculator. This process of renewing is both quick and hassle-free.
Here you visit the insurer's nearest branch office or meet with an authorised insurance agent to carry out the policy renewal process. This method is usually time consuming and could take long for you to get your policy renewed.
Following are the key benefits and features of IFFCO-Tokio car insurance policy:
IFFCO-Tokio car insurance claim process involves the following steps:
IDV, the acronym for Insured Declared Value is the market price of the vehicle minus its depreciation.
NCB is a discount on insurance premium offered by the insurer to the insured for every claim-free year. You can accumulate NCBs for a maximum of 5 consecutive claim-free years. The percentage of discount varies from 20%-50%.
If the installed anti-theft devices are ARAI approved, you are eligible for a discount on your insurance premium.
You are eligible for a full reimbursement on the damaged windscreen but a depreciation of 50% will be applied on the sealant and rubber lining. In addition to this, you will have to pay the compulsory deductible as mentioned in your insurance policy.
Salvage is the total value of damages or losses to your car, post a mishap. Total loss is when a car has been wrecked beyond repair, where restoration of the vehicle is not at all possible.