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25th August 2017, 11:33 AM
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Join Date: Aug 2012
Re: No Claim Bonus IFFCO Tokio

IFFCO Tokio General Insurance Company Limited is a joint venture between Indian Farmers Fertiliser Cooperative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group.

As you asking I am telling No Claims Bonus is a discount given by an insurer to policyholders who do not claim on their policy in the policy period of car insurance, the name itself implies that it is a bonus that can be availed for not making any claim.

The insurer offers this discount to the policyholder on premium payable, upon renewal of the policy. However, when you buy your first insurance policy, you are normally not eligible for any such discount on the premium because you have no past claim-free record.

Company profile :

Type Private Limited

Industry Insurance

Founded 2000

Headquarters Gurgaon, India

Key people Warendra Sinha, CEO & MD

Products General insurance

Number of employees 1500


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