Car insurance provides coverage for medical expenses, repair costs, and liability to others involved in the accident. With an insurance policy in place, you can enjoy peace of mind knowing that all financial expenses can be taken care of in case of an accident or damage to your vehicle. Repairing or replacing your car parts in the event of an accident or damage can be super inconvenient. But more than that, it can cost you a fortune. This is why you need car insurance. It gives you financial protection against accidents or damages to your car. It also covers injuries sustained by others in the accident.
When we are talking about car insurance, Future Generali and IFFCO Tokio are the two worth mentioning companies, as both of them provide comprehensive car policies that can safeguard your dream car against all possible risks and road threats. Each of the insurers has come up with certain unique benefits and facilities that have made them popular among customers and have been there in the car insurance industry for over a decade. To know more about the car plans of these companies, have a look at the following mentions.
Comparison Between Future Generali Car Insurance and IFFCO Tokio Car Insurance
The following table gives you an idea about these two companies and their differences.
| Parameters | Future Generali Car Insurance | IFFCO Tokio Car Insurance |
| Number of cashless garages | More than 4000 | More than 4300 |
| Personal accident cover | Available | Available |
| Claim settlement ratio as per IRDAI Annual Report 2021-22 (Motor Insurance) | 62.43% | 84.12% |
| Chatbot service | REVA | IRA |
| Available add-on covers | 9 | 6 |
| Anti-theft device | When you buy an insurance policy from Future Generali, you get an anti-theft device for your vehicle that is approved by the Automobile Research Association of India (ARAI). | Have to buy this facility separately. |
| Quick claim settlement | Two facilities for a quick claim process. Future Xpress and Future Xpress + | 4 hours QCS facility to settle claims amount up to Rs. 50, 000 within hours. |
| Towing assistance for accidents | Yes, available | Not available |
| Premium rate | Affordable | Lower premium rate Starts at Rs. 2,094 |
| Savings | Several discounts are available | Save up to 70% on car insurance premiums by buying your policy online |
| Normal wear, tear, and general ageing of the vehicle | Not available | Not available |
| Inconvenience allowance | Available as an add-on cover | Not available |
| Third-party liability cover | Comes as an in-built cover under Comprehensive Car Insurance, and also available separately | Comes as an in-built cover under Comprehensive Car Insurance, and also available separately |
| Consumable add-on cover | Not available | Available |
Future Generali’s motor vehicle insurance has got you and your car covered. With their four-wheeler policy, you get comprehensive car insurance coverage and much more. Their affordable policy comes with around 10 car insurance add-ons. With this insurer, you can also select the frequency of the premium payment based on your preference. For example, you can pay the car insurance premiums monthly, quarterly, semi-annually, or annually. Future Generali makes buying and renewing a car policy easier.
The coverage in your car insurance policy depends on the type of policy that you have selected. IFFCO Tokio Comprehensive Car Insurance covers the basic types of financial liabilities such as coverage against theft, accidents, or collisions, natural disasters, fire and explosion, personal accident, and third-party liabilities. To make the claim experience better for the insured people, the company has come up with a Quick Claim Settlement (QCS) app that helps to settle the claim within just 3 quick steps. The company offers to customize the car policy by add-on cover(s) available with the insurer.
Major Highlights of Future Generali Car Insurance
Among many benefits, a few important mentions are as follows.
Online Facility:
With Future Generali, you can easily buy a car insurance policy online from the comfort of your home. Apart from buying, one can also avail of several other online facilities, such as renewing a car policy, claim registration, etc., with this insurer.
Future Xpress & Xpress+:
A simplified process to offer you a more personalized service at the same time, smooth and speedy claims settlement.
Roadside Assistance:
The car broke down in an unknown place with no mechanic in sight, the company’s comprehensive car insurance coverage got you covered. No matter the time or place, the company is always ready to help you with roadside assistance whenever you need it.
Legal Expenses:
The insurance protects you from legal issues that may arise if you are involved in an accident. Car insurance gives you legal protection by covering the costs of legal fees and any settlements or judgments that may result from a lawsuit. This can save you time, money, and stress in the event of a legal dispute.
Coverage For Medical Expenses:
Future General car insurance will cover the medical expenses of you and your passengers, regardless of who is at fault for the accident. This includes hospitalization, surgery, medication, and other necessary treatments. This helps you avoid unnecessary stress and financial burdens during an already difficult time.
Customer Support:
The company and its customer executives are always at the service of the customer, 24×7.
Hassle-free claim Process:
At Future Generali, making a claim is as simple as buying car insurance online. You can easily make a claim online or offline in a few simple steps.
Key factors of IFFCO Tokio Car Insurance
The company has offered sound car policies that can address the varied needs. A few Important mentions are as follows.
Easy Access to Information:
Buying car insurance online gives you easy and quick access to essential information about different policies, coverage options, and terms and conditions. You can also read through policy documents and FAQ sections available on the official website of IFFCO Tokio to understand the coverage and limitations of each policy.
Customization:
IFFCO Tokio allows you to customize your third-party car insurance policy to fit your requirements. While this is a great way to get your desired insurance coverage, it can be more expensive than a regular policy.
Theft:
The company offers coverage for losses or damages incurred due to the theft of the car.
Personal Accident:
Get compensation up to Rs. 15 lakhs in case an accident leads to death or disability of the owner.
Smartphone-enabled self-inspections:
Click the damages on your smartphone for easy claim processing.
Install Security Features:
Installing security features is a win-win. Not only does it keep your car safe, but it also reduces the risk of your car being stolen. Moreover, reduced risk means lower premiums.
Instant Policy Generation:
Make the payment and the car insurance document will be emailed to you immediately by IFFCO Tokio. Just download it from your mailbox and save/make copies.
Future Generali Car Insurance or IFFCO Tokio Car Insurance- Which One Should You Choose?
Future Generali Car Insurance and IFFCO Tokio Car Insurance have a variety of benefits that help customers pick the right one as per their needs. Both insurers have come up with some unique features that have made them popular among customers. Therefore, it will be an injustice to choose any particular one as better because their fruitfulness depends on the customers and their needs. While both companies are good enough to offer enough protection to the customers as per their needs, both of them have come up with certain general and unique exclusions for which they do not offer any benefit. It would be advisable to go through the exclusions carefully and read the policy document religiously to understand the policies.
