IFFCO TOKIO Car Insurance is a leading car insurance company that offers a wide range of insurance plans. It also provides an innovative approach to selling policies to customers, with the help of technology. Tata AIG Car Insurance is an Indian insurance company that offers affordable car insurance policies for its customers. It also provides some unique features which make it stand out from other companies in the market.
IFFCO TOKIO and TATA AIG are two of the most popular car insurance companies in India. The article highlights the key differences between these two companies, features, their pricing structure, service levels, and more importantly their target customers to help you choose which one is better for you.
Both IFFCO TOKIO vs TATA AIG Car Insurance Companies offers a wide range of cover options with a low premium, has a dedicated customer service team that helps customers get the best deal possible, and offer an easy claim process. They both provide affordable insurance plans to their customers.
IFFCO TOKIO and TATA AIG are two of the most popular car insurance companies. They were in the industry for over a decade and offer multiple products. Their services have been compared because they provide similar offers in terms of cost, coverage, etc.
| Key Features |
IFFCO TOKIO Car Insurance |
TATA AIG Car Insurance |
| Premium |
Up to 70% savings |
Save up to 75% |
| No Claim Bonus (NCB) |
Up to 50% discount |
Up to 50% discount |
| Claim Assistance |
24x7 claim assistance |
650 claim experts for an easy and quick claim process |
| Easy Claims |
App based claim settlement |
Get Policy claims in 3 easy steps |
| Accessibility |
Online through
PolicyBachat & IFFCO TOKIO Website. |
Online through
PolicyBachat & TATA AIG Website. |
IFFCO TOKIO Car Insurance:
IFFCO TOKIO Car Insurance is one of the leading car insurance providers in Japan. The company has been providing customers with reliable insurance services since 1922. The company offers comprehensive coverage for both personal and commercial vehicles, along with a wide range of optional features, such as roadside assistance and comprehensive protection for rental cars.
IFFCO Tokio caters you the coverage against physical damage to your car, personal damage or injury, and third-party liability like personal injury or death and property damage. IFFCO TOKIO offers a comprehensive car insurance policy is the ideal plan for optimum protection of third-party liability, and personal liability, and is a popular add-on for easy claim settlement.
|
Add-on/Riders |
- Zero depreciation cover
- Engine Protection
- No Claim Bonus Protection
- Roadside Assistance
- Return to invoice.
|
| Types of Policies |
- Third Party Car Insurance
- Comprehensive Car Insurance
- Comprehensive Car Insurance with Zero Depreciation Cover.
|
| What is Covered? |
- Comprehensive Car Insurance Covers Accidents, Natural disasters, Manmade Calamities, fire, and Theft.
- Personal Accident Cover is covered up to Rs. 15 lakhs
- Third Party covers losses or damages to third party property or vehicle.
|
*Know about IFFCO TOKIO Car Insurance benefits and coverages in this Article*
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TATA AIG Car Insurance:
Tata AIG Car Insurance is a leading provider of motor insurance in India. The company offers an extensive range of products and services to meet the needs of both private and commercial customers. Tata AIG Car Insurance has a team of over 1,000 employees across all states in India and more than 1,000 agents across the country.
Tata AIG provides its customers with a wide range of insurance solutions including personal accident cover, car theft cover, breakdown cover as well as third party liability cover.
Tata AIG General Insurance Company Limited is a joint venture between the Tata Group and the American International Group (AIG). Tata AIG General Insurance Company Limited celebrated 21 years of service in 2021 since it commenced operations on January 22, 2001. The company has made a mark in the industry by launching several innovative products and services over the years.
|
Add-on/Riders |
- Depreciation reimbursement
- Courtesy/hire car
- Daily Allowance
- Return to invoice
- Repair of glass, plastic, fiber, and rubber parts
- NCB Protection cover
- Loss of personal belongings
- Key replacement
- Emergency transport and hotel expenses
- Engine secure
- Consumables expenses
- Tyre secure
- Roadside assistance.
|
| Types of Policies |
- Comprehensive Car Insurance
- Standalone Own Damage Car Insurance
- Standalone Third Party Car Insurance.
|
| What is Covered? |
- Covers theft of the car
- Damages due to natural disasters
- Damages due to man-made calamities and fire
- Damages caused to the car by an accident
- Damages incurred in transit
- Third party liability cover
- Personal accident cover for the owner-driver.
|
*Know about TATA AIG Car Insurance benefits and coverages in this Article*
Know More
Comparison of IFFCO TOKIO Car Insurance Vs TATA AIG Car Insurance:
We explained in detail the difference between IFFCO TOKIO insurance company and TATA AIG Car Insurance. The comparison will be done based on various factors such as claims, customer service, policy cost, and more.
There are many different cover options available through these two insurance companies. TATA AIG provides a dedicated customer service team, easy claim processes, and a fantastic experience all-round. Another option is IFFCO TOKIO Car Insurance which offers an expansive range of cover options, highly knowledgeable claims advisors, and reliable service overall.
You can find the key differences between these two businesses and see what a better alternative is for you. You can decide based on which services they offer or the target audience each one is trying to serve.
| Differences |
IFFCO TOKIO Car Insurance |
TATA AIG Car Insurance |
| Cashless Network Garages |
4300+ |
5400+ |
| Claim Settlement Ratio |
84.04% |
75.41% |
| Solvency Ratio |
1.73 |
2.22 |
| Claims settled |
8.61 lakhs |
1.20 lakhs |
| Branches |
200+ |
200+ |
| Benefits |
- This plan offers self-damage cover as well as damage to the third party.
- Choosing this plan will help you get up to 70% savings on premiums.
- Coverage against natural causes like floods, storms, lightning, earthquake, landslide, etc.
- Coverage against manmade causes like burglary, theft, accidental, external damage, etc.
- Coverage for CNG/LPG fuel kit.
- Coverage for loss or damage to electrical or non-electrical accessories.
- Quick claim settlement
- Trusted brand by no. of customers since 2000
- Instant policy insurance
|
- Easy Claim Process
- Pick-up of the car is available free of cost
- Warranty for accident repair is available for up to 6 months
- The claim is settled within 7 days
- No Claim Bonus Protection up to 50%
- Availability 12 unique add on covers to provide improved protection.
|
| Features |
- Coverage for CNG/LPG fuel kit
- New Vehicle Replacement
- 24x7 roadside assistance
- No Claim Bonus
- Cashless claims at Network Hospitals.
|
- Emergency roadside assistance
- Recognized Automobile association
- Anti-theft device installation
- Modified/specially designed vehicle discount.
- Save up to 75% on car insurance premiums by buying your policy online
- 650 claim experts across India ensure an easy and quick claim process
- Quick renewal of your car insurance with an easy 3-step process with Tata AIG.
|
| Highlights |
- The claims are settled within the shortest possible time. The Claim Settlement Ratio in the financial year 2020 – 2021 was 97.9%
- The company has won the ‘Claim Leader – General Insurance’ Award given by Indian Insurance Award.
|
- Self-service option for a service request, documents, and claims
- High Claim Settlement Ratio
- Customer-centric Performance-driven.
|
*The premiums are displayed according to your details, compare the quotes and buy the policy according to your needs and budget.*
More Coverages Comparison of IFFCO TOKIO Vs TATA AIG Car Insurance:
| Specifications |
IFFCO TOKIO |
TATA AIG |
| 24*7 Road Side Assistance |
Covered |
Not covered |
| Engine Protection cover |
Not covered |
Covered |
| Key Replacement |
Not Covered |
Covered |
| Max Personal Accident cover |
2,20,000 |
Rs. 15 lakhs |
| ARAI Approved Anti-Theft Device |
Covered |
Covered |
To protect the policyholder from unfortunate damages which make an adverse impact financially, it is better to be insured. Check all the features and benefits of IFFCO TOKIO Vs TATA AIG before concluding the right insurance policy. Configure the premium with the benefits availed on IFFCO TOKIO Vs TATA AIG, and compare car insurance quotes from top insurers online on PolicyBachat.
Where to Compare and Buy your Car Insurance Policy Checkout Here:
Compare car insurance policy rates online in India with PolicyBachat and select the one that meets most of your financial expectations. You can easily get multiple car insurance quotes online from the best car insurance companies in India.
- Fill required details at the top of this page, and select your car model, RTO Location, registration date, and email address.
- Click on the START SAVING MONEY
- Premiums with different insurance companies are displayed with low premiums
- Select required add-ons/riders and discounts, or
- Even you can edit policy details
- After that fill in the vehicle owner details and owner details
- Purchase the best car insurance policy using online payment
- If any queries are raised call: 1800-123-4003.
Conclusion:
Consider all the benefits, coverages, and discounts. Choose a car insurance policy according to your vehicle requirement. Now that you already know the difference between these two companies; start comparing the car insurance policies premiums of IFFCO TOKIO and TATA AIG car insurance above to select the best insurance company for your car.
The main difference that may vary between these two companies is the price of the policy. The IFFCO TOKIO offers a comprehensive package, which includes medical and legal expenses, while the TATA AIG has only medical expenses. The TATA AIG also has a higher deductible than the IFFCO TOKIO and allows you to choose whether you want to pay monthly or yearly premiums.