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IFFCO Tokio Third Party Car Insurance
In India, every car owner must have at least third-party car insurance as per the Motor Vehicles Act. This plan from IFFCO Tokio protects you if your car causes damage to another person or their vehicle. It mainly covers three things: damage to another person’s vehicle, injury to people, and loss of life in an accident.
Since car repairs are very costly these days, third-party insurance helps you avoid large expenses after an accident. It also fulfills the legal rule of having car insurance. Now, let’s understand how third-party insurance helps you.
Key Benefits of IFFCO Tokio Third-Party Car Insurance
Here are the main benefits of getting third-party car insurance from IFFCO Tokio:
- 01
It Covers Third-Party Damage
This insurance pays for injuries or damage caused to other people or their property by your car, helping you avoid big expenses.
- 02
It Gives Low and Fixed costs
Third-party insurance costs less than a comprehensive plan, and the prices are fixed by the Insurance Regulatory and Development Authority of India (IRDAI).
- 03
It helps in Avoiding Traffic Fines
Since third-party insurance is required by law, having it protects you from paying fines for not having car insurance.
Motor Insurance Plans By Iffco Tokio
What is Covered and Not Covered in IFFCO Tokio Third-Party Car Insurance?
When you buy IFFCO Tokio third-party car insurance, it is important to know what it includes and what it does not.
What it Covers
Damage to Someone’s Property
If your car damages another person’s property, the insurance will pay for the loss.
Injury or Death of a Person
If someone gets hurt or dies in an accident caused by your car, the insurance will pay compensation as decided by the court.
What Does it not Cover
Damage to Your Own Car
This plan does not cover any damage to your car.
Drunk or Drugged Driving
If yIf you drive under the influence of alcohol or drugs, the insurance will not pay for any loss.
Car Theft
If yIf your car is stolen, this insurance does not cover it.
Learner Driving Alone
If yIf you drive alone with a learner’s licence, your claim will not be accepted if an accident happens.
FAQs
Yes, IFFCO will pay for the other person’s medical costs. Keep all the bills and receipts safe, and send them with the needed papers when you make your claim.
Yes, if you don’t make any claims during your policy period, you will get a No Claim Bonus. This discount increases every year if you don’t make any claims, for up to 5 years.
If the driver was your paid driver or conductor, you can get legal cover for them, but only if you bought that extra cover before the accident. It is not included automatically.
This insurance pays for damage or injury caused to another person, their car, or their property in an accident with your car. It does not cover damage to your own car.
Yes, by law, every car owner in India must have third-party car insurance. You cannot drive your car on the road without it.