What is a commercial vehicle insurance?
Commercial vehicle insurance covers your commercial vehicle against different types of external damages like theft, accident, natural calamity along with personal as well third-party liabilities.
Who needs commercial vehicle insurance in India?
Any person or business entity engaging a vehicle in any commercial activity need a commercial vehicle insurance. For instance, vehicles such as Taxi/Cab, Auto-Rickshaw, Commercial two-wheeler, Truck, Passenger Bus, School Bus, Tractor, Commercial Van, any Passenger Carrying vehicle, Goods Carrying vehicle, construction equipment, or any other heavy vehicle need a commercial vehicle insurance to legally ply on roads or any commercial site.
Why do you need commercial vehicle insurance in India?
You require commercial vehicle insurance in India for the following reasons–
It provide financial aid in case your commercial vehicle is involved in an accident.
It is mandatory by law at least to have a Liability Only (i.e. third-party) policy for your commercial vehicle.
Types of commercial vehicle insurance policies
There are two types of commercial vehicle insurance policy available in India. These are -
Comprehensive insurance policy for commercial vehicle
Third-party insurance policy for commercial vehicle
Comprehensive commercial policy provides coverage against damages caused to and by your commercial vehicle, while third-party insurance policy provides protection to a third-person or property against the damages caused by your commercial vehicle to them. Let’s compare these two policies in more detail –
80% CUSTOMERS CHOOSE THIS | ||
| Covers | Comprehensive | Third Party |
|---|---|---|
| Accident |  |  |
| Theft | | |
| Fire | | |
| Natural Calamities | | |
| No Claim Bonus | | |
| Add-ons | | |
| Customization of IDV | | |
| Personal accident | | |
| Third party property damage | | |
| Injury to a third party person | | |
Why Choose Commercial Vehicle Insurance from IFFCO Tokio?
For more than21 years,we have been catering our customer requirements with wide range of insurance plans
Customized Plan
Plan customization is super easy via multiple add-ons
Our High Claim Settlement Ratio provides hassle-free claim experience
Seamless Support
Our team is available 24/7 to provide you seamless support at the time of claim.
For some extra premium, you can enjoy complete peace of mind
Key Features of Commercial Vehicle Insurance By IFFCO- Tokio
| Key Features | Benefits of IFFCO-Tokio |
|---|---|
| Customizable IDV | Available |
| Customizable Add-Ons | Available |
| NCB Benefits | Available |
| Cashless Claims | Available |
| Damages to Third-Party | Available |
| Personal Accident (PA) cover | Available |
| 24/7 claim support | Available |
| Own Damage Cover | Available in Comprehensive Policy |
| Online Renewal | Available |
Commercial Vehicle Insurance
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What is covered in IFFCO Tokio commercial vehicle insurance?
Commercial Vehicle Insurance from IFFCO Tokio cover the following types of financial liabilities -
Theft
Accidents
Riots
Terrorist activity
Fire and Explosion
Earthquake
Natural Disasters like flood, storm, hurricane
Personal Accident Cover
Physical injury of third person
Damage to the Property
Death of the individual caused by insured vehicle
Commercial Vehicle Insurance
Leave Your Worries Behind, Buy Commercial Vehicle Insurance Online!
What is not covered in the commercial vehicle insurance policy?
Standard exclusion under commercial vehicle insurance policy are-
Driving without a valid Driving Licence
Drunk Driving
General wear & tear of vehicle
Damages caused due to illegal driving like speed racing, crash testing etc.
Loss/damage due to war or war like situation or nuclear risk
Reviews
4.9
Our customers have rated us
Based on 495 reviews
Gaurav Singh
My claim through my commercial vehicle insurance plan was settled very quickly by IFFCO-Tokio.
Priyanka Jella
The customer support team at IFFCO-Tokio is really great.
Tanay Sharma
Iffco Tokio solved all my doubts with patience.
Divya Malik
I compared several insurers for a good commercial vehicle insurance policy and finally chose IFFCO-Tokio.
Parth Acharya
I looked at many commercial vehicle insurance policies and found that IFFCO-Tokio's insurance plan was the best.
Clinton Thomas
I would recommend IFFCO Tokio’s commercial vehicle insurance policy to anyone looking for good coverage at reasonable premium rates.
View all reviews
Commercial Vehicle Insurance
Leave Your Worries Behind, Buy Commercial Vehicle Insurance Online!
How to claim your IFFCO Tokio commercial vehicle insurance
IFFCO Tokio offers Quick and Easy commercial vehicle Insurance Claim in 3 simple steps!
Intimate a claim
Survey & Verify
Claim Settlement
Claim Hassle Free
Claim Hassle Free
Intimate a claim
Survey & Verify
Claim Settlement
After purchasing your commercial vehicle insurance plan, you have peace of mind about the safety of your vehicle.
Please note that, you can register a commercial vehicle insurance claim via following modes –
- Online
- Call centre
- Walk-in
- SMS
- Emails
Self Service Options
Download Forms
- Motor Commercial Policy Wordings
- RIM Protection Cover- Prospectus for Commercial Vehicle
- RIM Protection Cover- Schedule for Schedule for Commercial Vehicle Package Policy
- EMI Protection- Prospectus for Commercial Vehicle
- EMI Protection- Schedule for Commercial Vehicle
Know More About Commercial Vehicle Insurance Policy
Difference between Declared Value vs. Cargo Insurance
Does Commercial Vehicle Cover Windshield Glass Damage?
Factors to Consider Before Buying Commercial Auto Insurance
How does Bus Insurance Work?
How does Commercial Truck Insurance Work?
Theft Covers for Commercial Vehicles
FAQs
Did not find what you were looking for?
Write us at support@iffcotokio.co.in
Phone
Call us on 1800-103-5499
Download Policy Wordings
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