#1
25th August 2017, 11:29 AM
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No Claim Bonus IFFCO Tokio
What do you mean by No Claim Bonus in IFFCO Tokio General Insurance Company Limited, plz tell me as my cousin asking me about the same ??
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#2
25th August 2017, 11:33 AM
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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 |