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

As you asking I telling No Claim Bonus (NCB) in IFFCO TOKIO General Insurance is is a discount given by an insurer to policyholders who do not claim on their policy in the policy period of car insurance. Typically this starts at 20% in the first claims free policy period of Car Insurance and goes up to maximum of 50%.

NCB can be utilised within 3 years (where the existing vehicle is sold and a new car is purchased)
NCB recovery to be done in case of a Name Transfer
NCB gets transferred to the legal heir in case of Death of customer
NCB can be transferred to the New vehicle in case of Substitution of vehicle of the same class
NCB earned abroad can be given in India.

Company profile :

Type Private Limited

Industry Insurance

Founded 2000

Headquarters Gurgaon, India

Key people Yogesh Lohia, CEO & MD

Products General insurance