IFFCO Tokio Car Insurance Renewal

• Get quotes from multiple insurers
• Choose from a variety of zero depreciation and roadside assistance covers
• 3100+ cashless garages

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 Car Insurance Renewal Premium Calculator

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:

• Vehicle type
• Vehicle registration state/city
• Vehicle registration date
• Vehicle manufacturer
• Model of the vehicle
• Vehicle variant
• Mobile number
• Email Id

Once you provide details for the above, click on the ‘Quick Quote’ option provided below the page to proceed further and get your quote.

IFFCO-Tokio Car Insurance Renewal Procedure

You can renew your insurance either online or offline depending on your convenience.

• Online:

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.

• Offline:

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.

IFFCO-Tokio Car Insurance Renewal Key Features and Benefits

Following are the key benefits and features of IFFCO-Tokio car insurance policy:

• Allows you to set renewal reminders
• Instant and hassle-free policy issuance
• Arranges for policy renewal including vehicle inspection at your doorstep
• 2,000+ network garages for easy cashless claim settlement
• Trained surveyors who attend to claims immediately
• 24x7 customer care service
• Unique add-on covers such as ‘On Road Protector Coverage’ and ‘Value Auto Coverage’ available for a small additional premium

IFFCO-Tokio Car Insurance Claim Process

IFFCO-Tokio car insurance claim process involves the following steps:

• Report the incident to the insurer as soon as it happens and register your claim request. You can raise either a cashless claim or a reimbursement claim request.
• Once the insurer registers your claim, the insurer will provide you with a claim form.
• You have to submit the duly filled claim form to the insurer along with the loss estimate.
• The insurer will arrange for an authorised surveyor to perform a vehicle inspection in order to assess the damages/losses incurred.
• You will have to provide the requested documents to the surveyor or insurer.
• In case of a cashless claim, you have to take your car to a cashless garage nearby to get it repaired. Once the repairs are done, the insurer will settle the bills with the garage directly after which your car will be delivered.
• In case of a reimbursement claim, you will have to take your car to the nearest garage for repairs. Once your car is repaired, you will have to settle the cost for repairs and collect the payment receipt and bills for the same. Submit these bills and invoice to the insurer in order to reimburse your expense on repairs.

IFFCO-Tokio Car Insurance FAQs:

1. What is an IDV?

   IDV, the acronym for Insured Declared Value is the market price of the vehicle minus its depreciation.

2. What is a No Claim Bonus (NCB)?

   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%.

3. Will I get discount on my insurance premium if I install anti-theft devices in my car?

   If the installed anti-theft devices are ARAI approved, you are eligible for a discount on your insurance premium.

4. Will I get full reimbursement if my windscreen gets damaged?

   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.

5. What is meant by salvage and total loss?

   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.