Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Track & Policy DownloadLogin
HomeCar InsuranceCompaniesIffco TokioZero Depreciation
  • CASHLESS GARAGES 4,300
  • CLAIMS SETTLED 96%
  • ZERO DEP. CLAIMS UNLIMITED
Key Features:
  • Right Green Tick Spot Claim Upto Rs 50,000
  • Right Green Tick Minimal Documentation
  • Right Green Tick Roadside Assistance
  • Right Green Tick 4 Hour Claim Settlement

Calculate Your Car Insurance Premium Online

Select your car brand

  • Maruti
  • Hyundai
  • Honda
  • Toyota
  • Mahindra

Which city is your car registered in?

  • Ahmedabad
  • Bangalore
  • Chandigarh
  • Chennai
  • Gurgaon

When did you buy your car?

IFFCO Tokio Zero Depreciation Cover

Your car is an asset and like all the other assets it also loses value (depreciates) over time due to continuous wear and tear. Depreciation not only decreases your car’s value, but also slices an equal sum from your insurance claim amount. IFFCO Tokio understands this and thus offers a Zero Depreciation add-on cover with the purchase of a standard comprehensive car insurance policy.

The zero depreciation add-on cover protects the policyholder from the liability of bearing the depreciation at the time of claim settlement. This increases the claim amount disbursed to the policyholder. The add-on is available for cars up to 10 years of age and proves to be an extremely cost-effective add-on in the long run.

Zero Depreciation add-on cover entitles you to get full claims without factoring in depreciation on your car and its parts. It actually shifts the burden of depreciation from the policyholder to the insurer. Let us read the benefits of Zero Depreciation car insurance policy.

Benefits of Zero Depreciation Add-on Cover

Zero depreciation add-on cover offers the following cost-effective benefits that directly affect the claim amount:

Higher Claim Amount - As clear by the definition itself, the zero depreciation add-on cover entitles you to receive the claim amount without any subtraction on account of depreciation of your car of its parts. Under the zero depreciation add-on, the cost of depreciation is borne by the insurer.

Eligible for Cars Up To 10 Years of Age - The Depreciation Waiver add-on offered by IFFCO Tokio can be availed for cars up to 10 years of age. Hence, even older cars (not older than 10 years), which have high depreciation, can be covered with this add-on.

Unlimited Claims - Unlike other insurers, IFFCO Tokio allows unlimited claims under zero depreciation cover.

Depreciation Rate Applicable on Car Without Zero Depreciation Add-on

Age of Car

Rate of Depreciation

Under 6 months

Nil

6 months to 1 year

5%

1-2 years

10%

2-3 years

15%

3-4 years

25%

4-5 years

35%

5-10 years

40%

Above 10 years

50%

Disclaimer: Battery / Plastic / Nylon / Rubber parts -> 50% covered; Fiberglass -> 70% covered, Wooden & Metallic parts -> Depreciated basis age of vehicle (normal)

Explore Iffco Tokio Car Insurance

Must Read Articles before buying Iffco Tokio Car Insurance

Iffco Tokio Car Insurance User Reviews

4.8
Rating based on
459 User reviews
Write your review
What users are saying
  • All
  • Zero Depreciation
  • Most Helpful
  • Comprehensive
  • Third Party
  • Own Damage
  • Renewal
  • Cashless Garages
  • Price
  • Premium
  • Policy Download
  • Customer Care
  • Claim
  • Add On
  • Awesome Team Support

    I recently purchased an Ifco Tokio car insurance policy, the team was very supportive during the whole process. Thankyou Insurancedekho.

    Read More

    N
    By Nikhil Tiwari
    On: March 2, 2024
  • Usefull insurance

    Better price than others,easy to choose between insurance companys and better choice to choose the best one eland usefull thing

    Read More

    S
    Maruti Vitara Brezza 2016-2020 Attur
    By SANTHI S
    On: November 7, 2023
  • Quick Resolution of Legal Matt...

    I had a legal issue, and InsuranceDekho's third-party coverage with the Iffco Tokio Car Insurance Policy ensured a quick and efficient resolution for my Toyota car. It saved me time and stress.

    Read More

    A
    By Ayush Brar
    On: October 30, 2023
  • Efficient Claims Settlement

    Filing a claim for repairs at a cashless garage under the Iffco Tokio Car Insurance Policy through InsuranceDekho is efficient. They streamline the process, ensuring that I get back on the road with my Nissan car without unnecessary delays.

    Read More

    S
    By Shekhar Dhingra
    On: October 26, 2023
  • Effortless and Secure Payment

    The payment process during renewal of the Iffco Tokio Car Insurance Policy with InsuranceDekho is effortless and secure for my BMW car, providing peace of mind that my transaction is handled with care.

    Read More

    K
    By Krish Atolia
    On: October 17, 2023
  • No Surprises, Only Protection ...

    There are no surprises with InsuranceDekho's own damage coverage that I got along with the Iffco Tokio Car Insurance Policy. It provides straightforward protection for my Kia car without any unexpected exclusions.

    Read More

    J
    By Jaimin Mishra
    On: October 11, 2023
  • Empowering Policyholders

    InsuranceDekho's premium calculator empowers policyholders like me. It's a tool that puts the control in your hands, helping you tailor your car insurance to your needs and budget. I could easily make changes in the Iffco Tokio Car Insurance Policy as per my requirements for my Honda car.

    Read More

    By Aadi Sahney
    On: October 10, 2023
  • Smart Investment for Car Owner...

    Choosing InsuranceDekho's comprehensive policy with the Iffco Tokio Car Insurance Policy is a smart investment for car owners. It safeguards my investment and my peace of mind for my Renault car.

    Read More

    Y
    By Yamini Kaura
    On: September 29, 2023
  • Transparent Policy Terms

    I appreciate the transparency of InsuranceDekho's Iffco Tokio Car Insurance Policy's own damage terms. I always know what's covered for my Hyundai bike, which is reassuring.

    Read More

    `
    By `Jia Khan
    On: September 20, 2023
  • Invaluable Tool for Cost Compa...

    I consider InsuranceDekho's premium calculator an invaluable tool for comparing insurance costs. It made the process of choosing the right plan a breeze. I was able to secure the Iffco Tokio Car Insurance Policy for my Honda car after comparing costs with the help of this tool.

    Read More

    By Munish Sharma
    On: September 15, 2023
Iffco Tokio Reviews

525 Iffco Tokio Cashless Garages in India

Iffco Tokio Cashless Garages

IFFCO Tokio Zero Depreciation Cover FAQs

  • My car is 7 years old. Am I eligible for Zero Depreciation cover of IFFCO Tokio?

    Yes, your car is eligible for zero depreciation add-on cover. IFFCO Tokio offers its zero depreciation cover for all cars not older than 10 years.

  • Do I need to renew the zero depreciation cover separately?

    Zero depreciation add-on cover requires payment of an additional premium along with the standard premium. However, the payment is not made separately. The total premium amount for the auto insurance policy includes all the costs.

  • How much do I need to pay during the claim settlement if I have zero dep add-on cover?

    By opting for the zero depreciation add-on, you just need to pay your part of liabilities excluding the applicable depreciation. The liability for the depreciation amount is borne by the insurer.

  • What all factors are responsible for determining the premium of the zero depreciation cover?

    Factors that are responsible for determining the premium of the zero depreciation add-on are as follows:

    • Age of the Car
    • Model of the Car
    • Registered location of the Car, etc.

  • At what time can I include Zero depreciation cover to my car insurance plan?

    You can add zero depreciation cover to your basic car insurance plan either at the time of purchase of the policy or renewal of the existing plan.

FAQ
must dotmust graphics

Why to buy from InsuranceDekho?

  • Instant policy # within 5 mins
  • More than 45 Lac happy customers
  • Claim Support available all 7 days of the week

IFFCO-TOKIO Car Insurance Contact Details

For any assistance or query, call us on

Car Insurance News

News
Iffco Tokio Car insurance starting from ₹ 3063/year*
or
Proceed without car numberI have a brand new car

Partner Car Insurance Companies

Car Insurance Companies

Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.

Calculate your Car IDV

You may also be interested in

    Zero Depreciation Car Insurance

    Related News

    Car Insurance News

    Become Motor Insurance Agent

      Iffco Tokio Car insurance starting from ₹ 3063/year*
      or
      Proceed without car numberI have a brand new car

      Car Insurance starting from
      ₹6/day*

      I agree to *terms & conditions  and privacy policy.
      Don’t know your car number? Click here
      close
      #Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.