IFFCO Tokio Car Insurance Review – Advisor Forbes INDIA


IFFCO Tokio car insurance offers several options which can be chosen by the policyholder while purchasing the car policy at a nominal premium cost. Additional coverages are explained as follows:

Zero amortization coverage: This is also known as bumper-to-bumper coverage which provides coverage for the full value of repairs without any deduction for depreciation, in the event of damage to the vehicle. Thus, even if the car is old or partially depreciated, the insured gets the full value of the claim.

NCB protective cover: The NCB reduction continues to increase each year if there is no claim made within the term of the policy, which is up to 50% reduction on the premium. And, even if one makes a single complaint, all this rebate is lost. However, the NCB protection cover retains the no-claims bonus even if the insured makes a claim during the last period of insurance.

New vehicle replacement: With the additional benefits of the replacement of the new vehicle, the insurance company offers the price on the road of the car, in the event of total loss or theft of the vehicle.

Roadside Assistance: With this add-on, the insured can call for mechanical assistance at any time when needed. If one opts for the additional roadside assistance, the insured can simply call his insurer and the latter will send the mechanical assistance in the right direction. It also offers other services such as towing, refueling, when the vehicle is broken down in the middle of nowhere.

Motor protection cover: Provides protection against any engine damage resulting from any kind of oil leak, natural calamities or mechanical problems.

Back to invoice: Offers the advantage of recovering the amount of the value of your car’s invoice, which includes the cost of registering a new vehicle and its road tax.

Garage bed cover: The insured is paid by the day for transport, when his car is in one of the network’s garages for repair.

Key replacement cover: Cover the cost of repairing or replacing car keys or locks in the event of theft or loss of the keys.

Personal Effects Coverage: Obtain coverage for the loss of the insured’s personal effects such as new telephone, laptop.

Windshield glass cover: This coverage ensures that your NCB is not affected for the replacement of broken windshield glass, as you get the full replacement cost covered with this add-on.

Consumables coverage: Coverage of consumables such as grease, nuts and bolts, engine oil, brake oil, among others.

Individual Accident cover for co-passengers: This coverage also provides financial protection for paid drivers and other co-passengers in the event of an accident.

Ambulance and Medical Coverage: It covers medical and ambulance costs, if the insured and any other party are injured in an accident.


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