Kotak Mahindra and IFFCO TOKIO 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.
Kotak Mahindra 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 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.
There are many different cover options available through these two insurance companies. Kotak Mahindra 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.
| Key Features |
Kotak Mahindra Car Insurance |
IFFCO TOKIO Car Insurance |
| Premium |
- Under 1,000 cc. Rs. 5,268. Rs. 2,072
- 1,000 cc and 1,500 cc. Rs. 9,534. Rs. 3,221
- Above 1,500 cc. Rs. 24,305.
|
Up to 70% savings |
| No Claim Bonus (NCB) |
Up to 50% discount |
Up to 50% discount |
| Claim Assistance |
24x7 Emergency Assistance |
24x7 claim assistance |
| Easy Claims |
Digitally enabled through Kotak Mahindra Car Insurance |
App based claim settlement |
| Accessibility |
Online through
PolicyBachat & Kotak Mahindra Website. |
Online through
PolicyBachat & IFFCO TOKIO Website. |
There are many different cover options available through these two insurance companies. Kotak Mahindra 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 |
Kotak Car Insurance |
IFFCO TOKIO Car Insurance |
| Cashless Network Garages |
3000+ |
4300+ |
| Claim Settlement Ratio |
74.64% |
84.04% |
| Solvency Ratio |
1.95 |
1.73 |
| Claims settled |
2.3 lakhs |
8.61 lakhs |
| Branches |
100+ |
200+ |
*The premiums are displayed according to your details, compare the quotes and buy the policy according to your needs and budget.*
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Kotak Mahindra Car Insurance:
With a kotak Car insurance policy, you can protect yourself and your car from any financial loss and damage. A comprehensive car insurance policy will cover all the damages caused to you, your vehicle, and the third party damages caused by the accident. Buying a Kotak car insurance policy ensures your all-around safety every time you hit the road.
Kotak Mahindra General Insurance Company is a subsidiary of Kotak Mahindra Bank Ltd started its operations in 2003. Kotak Mahindra general insurance company incepted in 2015, during the year Kotak Mahindra received 6 lakhs premium and incurred a claim amount of 26 Lakhs. Kotak Mahindra General Insurance has resolved the claim within 6 months. Kotak Mahindra insurance company's commitment to providing insurance claims proves the reliability of the company.
| What is Covered? |
- Enjoy enhanced protection with Kotak Car Secure to compensate for both first-party and third-party damage
- You can rely on our around-the-clock assistance for any minor or major situation
- Get the benefit of a maximum of 50% No Bonus Claim
- Complete protection due to natural calamities like fire, explosion, lightning, earthquake, flood, etc., or damages caused due to man-made calamities like burglary, theft, riot, strike, malicious act, accident, etc.
- Comprehensive cover provides protection against damages related to all electrical and non-electrical accessories as well as the bi-fuel system of the vehicle.
|
| Types of policies |
- Private car insurance policy
- Third party car insurance
- Comprehensive car insurance
- Personal accident cover.
|
| Add-ons/Riders |
- Depreciation cover
- Consumables cover
- Return to invoice
- Tyre protection cover
- Daily car allowance
- Loss of personal belongings
- Roadside assistance.
|
*Know about Kotak Mahindra Car Insurance benefits and coverages in this Article*
Know More
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.
| 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.
|
|
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.
|
*Know about IFFCO TOKIO Car Insurance benefits and coverages in this Article*
Know More
Comparison between Benefits, Features, and More of Kotak Mahindra Car Insurance vs IFFCO TOKIO Car Insurance:
We compared Kotak Mahindra Car Insurance with IFFCO TOKIO Car Insurance, in detail. You can rest assured that you're making the right decision. However, they are different in some ways. This article will give you an idea of what the policies are like the pros and cons, and how they compare to one another.
| Differences |
Kotak Mahindra Car Insurance |
IFFCO TOKIO Car Insurance |
| Benefits |
- Customized products and services
- High claim ratio settlement
- Digital infrastructure
- Efficient processing of claim settlement
- Customer-centric ratio
- Extensive range of add-ons to choose
- The easy and fast documentation process
- Reliable and efficient service
- To secure from unexpected financial loss and mishap
- Own damage partial or total loss
- Covers you from natural calamities, and man-made calamities
- Personal accident cover
- Third-party legal liability.
|
- 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.
|
| Features |
- Customized products and services
- High claim ratio settlement
- Digital framework
- Comprehensive coverage and personal accident cover.
- Efficient processing of claim settlement
- Customer-centric ratio
- Extensive range of add-ons to choose
- Long term coverage
- The easy and fast documentation process
- Reliable and efficient service.
|
- Coverage for CNG/LPG fuel kit
- New Vehicle Replacement
- 24x7 roadside assistance
- No Claim Bonus
- Cashless claims at Network Hospitals.
- 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.
|
| Highlights |
- No claim bonus discount up to 50%
- Opt for voluntary deductible
- Membership of AAI
- Quick and hassle-free claim assistance
- Reliable customer support.
|
- The company offers completely transparent products and services so that you know what you are buying
- The claim settlement process of the company is quick and efficient ensuring that you get your claims settled within 4 hours
- The company has various awards in its name which make it a reputed company.
|
Difference between more coverages of Kotak Mahindra Vs IFFCO TOKIO Car Insurance:
| Coverages |
Kotak Mahindra Car Insurance |
IFFCO TOKIO Car Insurance |
| Theft of the Car |
|
|
| Damages due to natural disasters |
|
|
| Damages due to man-made calamities |
|
|
| Damages due to fire |
|
|
| Damages caused to the car by accident |
|
|
| Third-Party liability cover |
|
|
| Personal Accident Cover |
|
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Conclusion:
To protect against unfortunate financial consequences, it is a good idea to get an insurance policy. Make sure you compare Kotak Mahindra vs IFFCO TOKIO features and benefits before deciding which company to go with.
Configure the premium with the benefits availed on Kotak vs IFFCO TOKIO, and compare top car insurance company quotes from top insurers online on PolicyBachat. Get the top carrier quotes to distinguish the best insurance plan in terms of premium, coverage, and holding experience in the insurance sector. At PolicyBachat, a user can buy/renew a car insurance policy in simple easy steps instantly.
Every car insurance company will offer different coverage types and various additional benefits. We've highlighted the information you need to know and selected some of the popular providers to compare. Choose the one that suits your required needs and budget.