Risk Coverage: Renewing the general insurance on time covers the risk on behalf of the policyholder in the event of loss or damage to a policyholder's property, including cars, bike, homes, health and personal accident.

Legal Requirement : In India, it is mandatory to have at least liability insurance (third party insurance) for your car, bike or any other vehicles that you drive/ride. If you've been caught driving without an insurance, you could face fines and/or criminal charges by reason of driving uninsured vehicles.

Prevents Financial Liabilities: Your motor vehicle insurance company will pay for injuries or damage caused to third party if you have been involved in an accident with another vehicle, property or person. However, if you do not renew your insurance on time, your vehicle insurance company will not cover any financial liability arising out of your vehicle.

Non-renewal can lead to loss of No Claim Bonus (NCB): Benefits of No Claim Bonus / Cumulative Bonus will remain intact only if you renew your general insurance policy on time. Failing to renew your motor insurance or health insurance policy will lead to loss of No Claim Bonus.

Non-renewal can lead to Higher Premium: If you do not renew your health or motor insurance policy on time, you may face higher premium while buying a fresh insurance from any company.

Non-renewal can lead to Hassle: If you do not renew your policy on time, and in event on a claim, you have to manage all kind of third party liabilities, cost of vehicle repair / hospital bills etc. All these things can create an unnecessary pressure on your mind. To avoid all such hassles, it is recommended to renew your insurance on time.

Time Saver: Customers are able to buy and renew different types of policies on the IFFCO-Tokio web site at a click of a button. Now a customer simply visits the site, enter the existing policy details and makes the payment. The process is complete within a matter of minutes, and the policy becomes active immediately.

Intuitive Process: All the information is available on the IFFCO-Tokio website just how a customer needs it. This makes purchasing and renewing insurance policies online very flexible, both in terms of available information and as a time-saving tool.

No Paperwork: The process of buying and renewal of insurance is very simple and does not require any paperwork. It not only saves paperwork but also helpful for the environment since the need for photocopies of all proofs is eliminated.

Less Premium: Premiums are lower, when you buy or renew insurance from IFFCO-Tokio website, as we are able to save some overhead costs and commissions, and we are happy to pass on the cost-saving benefit to our policyholders.