IFFCO Tokio General Insurance Company is a joint venture between IFFCO (Indian Farmers Fertilizer Co-operative) and Tokio Marine Group. While IFFCO is an Indian company, Tokio Marine Group is based out of Japan and is the largest insurance group in Japan. The stakeholding is in the ratio of 51% to 49% where IFFCO holds the major portion and Tokio Marine Group has the lower stakeholding.
IFFCO Tokio was formed in the year 2000 as a general insurance company offering a range of general insurance products. Even today the company offers different types of general insurance plans suiting every customer, whether retail, rural or corporate.
IFFCO Tokio is a reputed brand name which gives you the following benefits when you choose its health insurance plans –
Health insurance plans offered by IFFCO Tokio come with the following common features –
Here are the different health insurance plans which are offered by IFFCO Tokio
This is a family floater indemnity health insurance policy. You can get coverage for your whole family under the same plan and the policy would pay the medical costs incurred when any one or more family member is hospitalised. The features of the policy are as follows –
Eligibility conditions of IFFCO Tokio Family Health Protector Policy
Entry age |
18 years to 65 years Dependent children can be covered aged 3 months to 23 years if any parent is covered |
Members covered |
Self, spouse, relatives living together, dependent parents and dependent children |
No claim bonus |
5% increase in the sum insured for every claim-free year up to a maximum increase of 50% |
Sum insured |
INR 1.5 lakhs to INR 30 lakhs |
Pre-existing illness waiting period |
48 months |
As the name suggests, this health insurance plan provides coverage on an individual sum insured basis only. The features of the plan are as follows –
Eligibility conditions of IFFCO Tokio Individual Health Protector Policy
Entry age |
18 years to 65 years Dependent children can be covered aged 3 months and above if any parent is covered |
Members covered |
Self, spouse, relatives living together, dependent parents and dependent children |
No claim bonus |
5% increase in the sum insured for every claim-free year up to a maximum increase of 50% |
Sum insured |
INR 50,000 to INR 20 lakhs |
Pre-existing illness waiting period |
36 months |
This is a comprehensive family floater insurance policy which covers your whole family under a single sum insured. The salient features of the policy are as follows –
Eligibility conditions of IFFCO Tokio Swasthya Kavach Policy
Entry age |
18 years to 65 years Dependent children can be covered aged 3 months and above if any parent is covered |
Members covered |
Self, spouse and dependent children |
No claim bonus |
5% increase in the sum insured for every claim-free year up to a maximum increase of 50% |
Sum insured |
INR 2 lakhs to INR 5 lakhs |
Pre-existing illness waiting period |
48 months |
This policy offers coverage on an individual sum insured basis and is an indemnity health insurance plan. If you are hospitalised, the plan pays the medical bills that you incur up to the sum insured. The features of the policy are as follows –
Eligibility conditions of IFFCO Tokio Individual Medishield Policy
Entry age |
18 years to 65 years Dependent children can be covered aged 3 months to 23 years if any parent is covered |
Members covered |
Self, spouse, dependent parents and dependent children |
Sum insured |
INR 50,000 to INR 5 lakhs |
Pre-existing illness waiting period |
36 months |
This is a fixed benefit personal accident plan. The policy covers accidental death and accidental disablements and pays a fixed claim irrespective of the actual medical costs that you incur. The features of the policy are as follows –
Eligibility conditions of IFFCO Tokio Individual Personal Accident Policy
Entry age |
5 years to 70 years |
Members covered |
Self, spouse and dependent children |
No claim bonus |
5% increase in the sum insured for every claim-free year up to a maximum increase of 50% |
This is a specific critical illness plan which covers a list of critical illnesses. If the insured member suffers from any of the covered critical illness, the sum insured is paid in lump sum. Other features of the plan are as follows –
This is a supplemental health insurance policy which pays you a claim if the claim amount exceeds the deductible that you have chosen. The features of the policy are as follows –
Eligibility conditions of IFFCO Tokio Health Protector Plus Policy
Entry age |
18 years to 65 years Dependent children can be covered aged 3 months to 25 years if any parent is covered |
Members covered |
Self, spouse, dependent parents and dependent children |
Sum insured |
INR 2 lakhs to INR 25 lakhs |
Deductible limits |
INR 1 lakh to INR 5 lakhs |
Pre-existing illness waiting period |
48 months |
This is an affordable health insurance plan which is designed to cover individuals living in small towns and cities. The policy has the following features –
Eligibility conditions of IFFCO Tokio Swasthya Raksha Bima Policy
Entry age |
18 years to 65 years Dependent children can be covered aged 3 months to 23 years if any parent is covered |
Members covered |
Self, spouse and dependent children |
Sum insured |
INR 1 lakh to INR 5 lakhs |
Pre-existing illness waiting period |
48 months |
This is a critical illness policy paying a fixed benefit if any insured member suffers from a covered critical illness during the term of the policy. The features of the policy are as follows –
This is a unique policy which covers vector borne diseases which means diseases suffered due to mosquito bites, fleas, etc. The salient features of the plan are as follows –
Eligibility conditions of IFFCO Tokio MOS – BITE Protector Policy
Entry age |
18 years to 65 years Dependent children can be covered aged 3 months to 23 years if any parent is covered |
Members covered |
Self, spouse, siblings, dependent parents, dependent parents-in-law and dependent children |
Sum insured |
Up to INR 1 lakh |
IFFCO Tokio offers a range of health insurance plans and, besides the fixed benefit plans, there are some common coverage benefits in all indemnity oriented health insurance plans. These common coverage benefits include the following –
If you or any insured member is hospitalised for 24 hours or more, the costs incurred on such hospitalisation are covered under this head. Common costs which are covered under health insurance plans include room rent, ICU charges, nurse’s fee, doctor’s fee, surgeon’s fee, oxygen, blood, medicines, anaesthesia, etc. required in treatments, etc.
If you incur expenses before being actually hospitalised, such expenses are called pre-hospitalisation expenses. These expenses are also covered under health insurance policies up to a specified limit.
After being discharged from the hospital you incur various charges for tracking your health and recovery. These expenses are called post-hospitalisation expenses and they are covered
Treatments which do not require 24-hour hospitalisation due to advanced medical treatments are called daycare treatments. These treatments are covered under all health insurance plans
The costs incurred on an ambulance for taking you to the hospital for treatments are covered up to specified limits
Many health insurance plans also cover non-allopathic treatments like Ayurveda, Unani, Siddha and Homeopathy (AYUSH). Such AYUSH Treatments, however, are covered up to specified limits.
Treatments which are taken at your own home due to non-availability of any hospital bed or if your physical condition is not feasible to be shifted to the hospital are called domiciliary treatments and such treatments are covered.
IFFCO Tokio Health Insurance plans cover the cost of treatments done on the donor as well as on you in case of organ transplant surgeries.
You also get the benefit of availing free health check-ups after specified intervals under your policy. These check-ups are allowed up to a specified limit of your sum insured and are allowed only if no claims have been made under the policy.
The following instances and treatments are not covered under IFFCO Tokio Health Insurance plans –
You can buy IFFCO Tokio Health Insurance plans in the following two ways –
You can choose to buy the plan offline either through the agents of IFFCO Tokio or by visiting the branch of the company yourself. In this mode of buying IFFCO Tokio Health Insurance plans, you would have to fill up a physical application form and pay the premiums to buy the policy.
Another way to buy IFFCO Tokio Health Insurance plans is the online way. You can visit the company’s website athttps://www.iffcotokio.co.in/, choose ‘Health Insurance’ and then the desired policy. Once you know the policy that you want to buy click on ‘Buy Now’ to buy the policy. Provide your coverage details to calculate the premium. Then pay the premiums online and the policy would be bought.
You can also buy online on Turtlemint’s website. Turtlemint is tied-up with IFFCO Tokio and offers its health insurance plans. You can simply visithttps://www.turtlemint.com/health-insurance and enter in your coverage details to get started. Once all the details are provided, you would get a list of health insurance plans which suit your coverage requirements. You can then compare from the available list of plans and choose the best policy. Fill in an online application form and pay the premiums using any online mode to buy the policy in an instant. Besides allowing you to compare the available plans, Turtlemint also gives you personalised assistance if you have any queries. So, you can buy through Turtlemint for an easier experience.
Here are some important points which you should keep in mind before you buy any IFFCO Tokio Health Insurance plan –
Renewal of IFFCO Tokio Health Insurance plans is quite simple as you can renew the policies online from the company’s website itself. Just enter in your policy details to check the status of your existing policy and pay the renewal premium on time to renew the policy online.
If you are a Turtlemint customer and have bought the policy from Turtlemint’s platform, you can renew your IFFCO Tokio Health Insurance policy even though Turtlemint. Just log into your online Turtlemint account and renew the plan by paying the renewal premium online. When renewing through Turtlemint, you can also compare your IFFCO Tokio Health Insurance policy with other health plans in the market and if the policy is the best, you can renew it instantly. If, on the other hand, you find a better policy, you can also port your health insurance policy to get a better deal.
In case of a health insurance claim, the following steps should be taken to get your claims settled –
If, however, you are a customer of Turtlemint, the claim process would become easier. You would just have to inform Turtlemint of your claim at 1800 266 0101 or by emailing at claims@turtlemint.com. After the company is informed, it would take the necessary steps to get your claims settled without any hassles.
For the successful settlement of your health insurance claim, the following documents should be submitted to the company –
The range of health insurance plans offered by the company make them suitable for the needs of every individual. Thus IFFCO Tokio Health Insurance plans are suitable for whatever type of coverage that you are looking for. The optional coverage features also make the plan inclusive and the premiums are low so that they don’t hurt your pockets. So, you can invest in an IFFCO Tokio Health Insurance plan and fulfil your health insurance needs.
Cumulative bonus is the same as no claim bonus. It is a bonus which is allowed by a health insurance policy if you do not make a claim in a policy year. IFFCO Tokio Health Insurance plans offer you an increase in the sum insured as a cumulative bonus while the premiums do not increase.
Most health plans offered by IFFCO Tokio come with coverage duration of one year after which you are required to renew the policy.
The requirement of pre-entrance medical check-ups depends on the plan that you are buying, your entry age and sum insured that you choose. At higher ages and if you choose higher levels of the sum insured, pre-entrance medical check-ups would be required.