IFFCO Tokio Health Insurance is a health insurance company that started in the year 2000. IFFCO Tokio health insurance is a joint venture between the Indian Farmers Fertiliser Cooperative Limited (IFFCO) and a Japan-based company (Tokio Marine Group). IFFCO holds the majority of shares, i.e., 51%, and the remaining 49% holds by Tokio Marine Group.
IFFCO Tokio Health Insurance offers various types of comprehensive health insurance plans to cater for the health insurance needs of every individual. IFFCO Tokio health insurance is widely present in rural areas, tier 2, tier 3, and tier 4 towns and cities. It is the first private insurance company to set up “Bima Kendras”, one-person operated centres to increase insurance penetration in rural areas.
IFFCO Tokio Health Insurance has received many awards and accolades in recent years. Below mentioned are some of the awards received by IFFCO Tokio health insurance:
- IFFCO Tokio Health Insurance has won the "Best Chief Human Resource Office Of The Year Award" at the 5th Annual India Insurance Awards 2022.
- IFFCO Tokio Health Insurance won the “L&D Excellence Award 2022” at the 9th Edition of the Future of Learning and Development Summit and Awards” organized by UBS FORUMS
- IFFCO Tokio Health Insurance won the “Best Good Company Initiative Award” in 2021 By Tokio Marine Asia
- IFFCO Tokio Health Insurance won the “Technology Leader of the Year” in BFSI Excellence Awards in 2021.
Awards & Recognition
- IFFCO Tokio Health Insurance Company Ltd. won ‘IBEX India 2024 BFSI Technology Awards’ under the category of the ‘Insuretech Innovation Award’ (General Insurance) 2023-24.
- IFFCO Tokio Health Insurance Company Ltd. won the ‘Asia’s Best General Insurance Company (India) Award’ at ‘5th Asia’s Best & Emerging Insurance Company, Insurtech, Broker, TPA & Web-Aggregator Awards 2023-24’.
IFFCO Tokio Health Insurance Company Specifications
Below mentioned are the key specifications of IFFCO Tokio General Health Insurance company:
| Particular | Specifications |
|---|---|
| Network Hospitals | 7000+ |
| Incurred Claim Ratio (2022-23) | 111.18% |
| Claim Settlement Ratio (2022-23) | 90.65% |
| Solvency Ratio (2022-23) | 1.73 |
| Market Share (2022-23) | 2,169.52 Crores |
* The above data is sourced from the IRDAI Annual Report 2022-23 and as available on the official website of IFFCO Tokio Health Insurance Company.
Key Features of IFFCO Tokio Health Insurance
You must evaluate potential health insurance companies according to several criteria before making your decision, such as market share, network hospitals, solvency ratio, and claim settlement ratio. We have evaluated IFFCO Tokio Health Insurance Company based on the above-mentioned parameters for your convenience.
Network Hospitals
Looking at network hospitals while choosing a health insurance company is important. It will show you how easy it will be to access cashless services when you require hospitalization or a medical emergency. IFFCO Tokio has a vast network of more than 7000 hospitals across the country. IFFCO Tokio health insurance provides hassle-free, seamless cashless services that do not require you to pay anything at the hospital.
Solvency Ratio
Solvency ratio is a metric used to determine a company's ability to meet its long-term financial obligations. This is one of the most important factors when choosing a health insurance company. You can find the Solvency Ratio of IFFCO Tokio Health Insurance in the Annual Report published by IRDAI. As per the latest Annual Report of IRDAI, IFFCO Tokio Health Insurance has a Solvency Ratio of 1.73.
Claim Settlement Ratio:
The claim settlement ratio tells us the claim-settling ability of health insurance companies. So, everyone must check the claim settlement ratio before choosing a health insurance company to buy a health plan. As per the 2022-23 annual report of IRDAI, IFFCO Tokio Health Insurance has a claim settlement ratio of 90.65.
Renewability:
IFFCO Tokio Health Insurance offers a lifetime renewability option in their health insurance plans. With the help of this feature, you can renew your IFFCO Tokio Health plan lifelong without any age limit.
Health Insurance Plans Offered By IFFCO Tokio Health Insurance
IFFCO Tokio health insurance plan guarantees to take care of each and every healthcare demand of you and your family irrespective of the changing and evolving healthcare needs of an individual. The available plans cater to the different needs of the customers. Continue reading to know more about IFFCO Tokio health insurance plans.
Individual and Family Health Insurance
 |
IFFCO Tokio Individual Health Protector Plan |
Coverage Benefits
- AYUSH Treatment
- Daycare Treatment
- Domiciliary Hospitalization
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Insured: 50K to 20 Lakhs
|
IFFCO Tokio Family Health Protector Plan |
Coverage Benefits
- ICU Cover
- Room Rent Cover
- Organ Donor
Eligibility Criteria
Entry Age: 91 Days to 65 Years
Sum Insured: 50K to 20 Lakhs
|
IFFCO Tokio Swasthya Kavach Policy |
Coverage Benefits
- Hospital Daily Cash
- Ambulance Charges
- Critical Illnesses
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Insured: 2 Lakhs to 5 Lakhs
|
IFFCO Tokio Swasthya Kavach Policy |
Coverage Benefits
- Hospital Daily Cash
- Ambulance Charges
- Critical Illnesses
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Insured: 2 Lakhs to 5 Lakhs
|
IFFCO Tokio Individual Medishield Policy |
Coverage Benefits
- Room Charges
- ICU Charges
- Hospital Daily Cash
Eligibility Criteria
Entry Age: 18 Years to 60 Years
Sum Insured: 50K to 5 Lakhs
|
IFFCO Tokio Arogya Sanjeevani Policy |
Coverage Benefits
- Daycare Treatment
- Covid-19 Treatment
- Ambulance Charges
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Insured: 1 Lakhs to 5 Lakhs
|
IFFCO Tokio Swasthya Raksha Policy |
Coverage Benefits
- Domiciliary Hospitalization
- Ambulance Charges
- Daycare Procedure
Eligibility Criteria
Entry Age: 91 Days to 65 Years
Sum Insured: 1 Lakhs to 5 Lakhs
|
IFFCO Tokio Health Protector Plus Plan |
Coverage Benefits
- Room Rent
- Ambulance Charges
- AYUSH Treatment
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Insured: 2 Lakhs to 25 Lakhs
|
Iffco-Tokio Hospital Daily Cash Policy |
Coverage Benefits
- Hospital Daily Cash
- Daycare Treatment
- Modern Treatment
Eligibility Criteria
Entry Age: 91 Days to 65 Years
Daily Cash Option: 250 INR to INR 5K
|
IFFCO Tokio Saral Suraksha Bima |
Coverage Benefits
- Total Disability
- Partial Disability
- Death Benefit
Eligibility Criteria
Entry Age: 18 Years to 70 Years
Sum Insured: 2.5 Lakhs to 1 Crore
|
IFFCO Tokio Corona Kavach Policy |
Coverage Benefits
- AYUSH Treatment
- Home Care Treatment
- Pre and Post Hospitalization
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Insured: 50 K to 5 Lakhs
|
IFFCO Tokio Corona Rakshak Policy |
Coverage Benefits
- Lumpsum Payout
- Tax Benefits
- Utility of Payout
Eligibility Criteria
Entry Age: 18 Years to No Limit
Sum Insured: 50 K to 2.5 Lakhs
|
IFFCO Tokio Family Health Insurance Plan (Floater) |
Coverage Benefits
- Ambulance charges
- Daily allowance
- Covid-19 treatment
Eligibility Criteria
Entry Age: 1 day - 65 years
Sum assured: Upto 30 Lakhs
|
IFFCO Tokio Personal Accident Insurance |
Coverage Benefits
- Accidental death benefit
- Disability covered
- No medical test required
Eligibility Criteria
Entry Age: 5 years - 70 years
|
IFFCO Tokio Swasthya Raksha Bima Plan |
Coverage Benefits
- Pre and post hospitalisation expenses
- Daily allowance
- Ambulance charges
Eligibility Criteria
Entry Age: 18 years - 65 years
Basic Sum assured: 1/ 2/ 3/ 4/ 5 Lakhs
|
IFFCO Tokio Arogya Sanjeevani Policy |
Coverage Benefits
- Ambulance charges
- Covid-19 treatment
- Pre and post hospitalisation expenses
Eligibility Criteria
Entry Age: 18 years - 65 years
Sum assured: Rs. 1 lakh - Rs. 5 lakhs
|
IFFCO Tokio Hospital Daily Cash Policy |
Coverage Benefits
- Day care surgeries
- Modern treatment covered
- Pre-existing diseases
Eligibility Criteria
Entry Age: 91 days - 65 years
Daily Cash Options: Rs. 250/ Rs. 500/ Rs. 750/ Rs. 1000/ Rs. 1500/ Rs. 2500/ Rs. 5000
|
IFFCO Tokio Saral Suraksha Bima |
Coverage Benefits
- Accidental death
- Permanent total/ partial disablement
- Hospitalisation expenses
Eligibility Criteria
Entry Age: 18 years - 70 years
Basic Sum assured: Rs. 2.5 Lakhs - Rs. 1 Crore
Critical Illness Health Insurance
|
IFFCO Tokio Mos-Bite Protector Policy |
Coverage Benefits
- Dengue fever
- Malaria
- Kala-azar
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Insured: Up to 1 Lakh
|
IFFCO Tokio Critical Illness Policy |
Coverage Benefits
- 25 Critical Illness
- Lifelong Renewability
- No Pre-medical Health Checkup
Eligibility Criteria
Entry Age: 3 Years to 65 Years
Sum Insured: 1 Lakh to 1 Crore
Top-Up Health Plan
|
IFFCO Tokio Top-Up Policy |
Coverage Benefits
- Family floater option
- No medical checkup
- Tax benefits
Eligibility Criteria
Entry Age: 90 days - 65 years
Basic Sum assured: Upto 1 Crore
|
IFFCO Tokio Health Protector Plus Policy |
Coverage Benefits
- Lifelong renewal
- Emergency assistance
- Daily cash allowance
Eligibility Criteria
Entry Age: 18 years - 65 years
|
IFFCO Tokio Health Protector Assure Plan |
Coverage Benefits
- Daily allowance
- ICU charges
- AYUSH hospitalisation
Eligibility Criteria
Entry Age: 1 day - 65 years Basic Sum assured: Rs. 3 Lakhs - Rs. 1 Crore
|
IFFCO Tokio Super Top-Up Policy |
Coverage Benefits
- No medical check-up
- No room rent restrictions
- COVID-19 treatment covered
Eligibility Criteria
Sum assured: Rs. 12 Lakhs
IFFCO Tokio Health Insurance Exclusion
Below are the diseases and conditions that are not covered under IFFCO Tokio Health Insurance plans:
- Injuries or expenses related to self-infliction or self-harm, or suicide attempt
- Expense related to facial appearance
- Plastic surgery
- Expense related to Pregnancy
- Injuries because of war and nuclear explosions.
- Congenital injuries
Network Hospitals
IFFCO Tokio Health Insurance Plans Buying Process
IFFCO Tokio Health Insurance company offers an easy and hassle-free process to purchase health insurance online and offline. You can buy the IFFCO Tokio health insurance plan online through the official website or from the partners of RenewBuy. Below, we have mentioned both buying processes in detail:
Buy from the IFFCO Tokio Health Insurance Website
- Visit the official website of “IFFCO Tokio Health Insurance.”
- Go the “Health Insurance” section from the header menu and select ‘Explore Products.’
- Click on the ‘All Health Products’ option.
- Choose the desired “IFFCO Tokio Health Insurance Plan”
- Fill in the required details and click on ‘View Prices’.
- Provide the personal details to calculate “IFFCO Tokio Health Insurance Premium”
- Choose the payment method and pay the premium
- The policy document will be sent to your registered email ID
Buy from "RenewBuy"
- Visit the official website of "RenewBuy".
- Click on the "Health Insurance Plan" tab.
- Select the desired plan.
- Fill in all the required details.
- Click on the "Buy Now" button.
- Make payment.
- We will send the policy documents to your registered email ID
Why Buy IFFCO Tokio Health Insurance from RenewBuy?
RenewBuy brings you the best deals on IFFCO Tokio Health Insurance plans across the market. The key reasons for you to consider us are as follows:
- IRDAI Certified
- Get Insured by a leading Insurer
- Discounted Premiums
- Compare Various Health Plans in Just a few Clicks
- Simple & Easy Buying Process
- 24x7 Claim Assistance
IFFCO Tokio Health Insurance Claim Process
You can file a health claim under IFFCO Tokio Health Insurance in two ways, i.e. Cashless Claim, Reimbursement Claim. The details of both the claim procedures provided by IFFCO Tokio Health Insurance are mentioned below:
Cashless Claim Process
- Intimate the TPA about the hospitalization.
- You need to inform at least 3 days before admission in case of planned hospitalization.
- In case of emergency hospitalization, you need to inform TPA within 24 hours of hospitalization.
- Submit your IFFCO TOKIO health card, the IFFCO TOKIO claim form, and other required documents to the hospital help desk.
- Then, the hospital will send the documents to the TPA for further verification.
- Once the claim is approved, you can avail of cashless hospitalisation benefits.
- The IFFCO Health Insurance company will directly settle the treatment bill.
Reimbursement Claim Process
- Pay your hospital bill on your own.
- Then, inform the IFFCO Tokio Health Insurance company within 7 days of discharge
- Download the IFFCO Tokio claim form from the official website
- Then, file for reimbursement claim.
- Now call on this number 1800 543 5499 to get the local IFFCO Tokio Health Insurance office address and Send all the required documents.
- The company will verify the claim form and documents.
- Once the verification is done, the company will settle your claim amount within 20 days.
Reimbursement Documents Checklist
Below mentioned are the documents that you need to submit to file a reimbursement claim:
- Duly filled claim form
- Doctor's certificate
- Patient Discharge summary
- Treatment Bills
- Doctor’s Prescriptions
- Diagnostic Test Reports such as X-Ray, Scan and ECG, etc.
IFFCO Tokio Health Insurance Renewal Process
You can renew your IFFCO Health plans through the below-mentioned renewal process:
- Visit the “IFFCO TOKIO Health Insurance” official website.
- Click on the “Health Insurance” section from the top menu.
- Then, click on the “Renew Your Policy” button.
- Enter your name and policy details and click on the “Submit” button.
- The next page will show you the premium amount you must pay.
- Make payment and continue to enjoy the benefits of your IFFCO Health Insurance Plan.
IFFCO Health Insurance Contact Details
You can contact IFFCO Health Insurance customer care through the below-mentioned details:
Address: IFFCO TOKIO General Insurance Company, Corporate Office, IFFCO Tower, Plot No. 3, Sector 29, Gurgaon - 122001, Haryana, India
Toll-Free Number: 1800 103 5499, 7993407777
Email ID: [email protected]
