Iffco Tokio General Insurance Company - History, Policies, Quotes, Claims, Features, Benefits | Buy and Renew Online

About IFFCO TOKIO General Insurance Company Limited

IFFCO Tokio is a leading private General Insurance Company in India, established in 2000 as a joint venture between Indian Farmers Fertiliser Co-operative Limited (IFFCO), the world’s largest fertilizer manufacturers and Tokio Marine, one of Japan’s largest Insurance Groups. IFFCO holds 51% in the company with the remaining 49% held by the Tokio Marine Group. Iffco Tokio General Insurance Company recorded a Gross Written Premium of Rs10,021 Crores in FY24 vs Rs10,044 Crores in FY23 while Profit After Tax stood at Rs255 Crores in FY24 vs Rs136 Crores in FY23. Iffco Tokio issued 9.503 million Insurance Policies in FY24 vs 9.822 Policies in FY23. The Company settled 1.238 million Insurance Claims in FY24 vs 1.179 million Claims settled in FY23. Iffco Tokio offers a range of Insurance Policies across all lines of business such as Motor Insurance, Health Insurance and Travel Insurance. For Commercial Insurance Solutions, Iffco Tokio offers corporate policies such as Property Insurance and niche Insurance Products such as Cyber Insurance, Credit Insurance, Fine Arts Insurance, Tech Errors & Omissions Policy.

History of IFFCO-TOKIO General Insurance Company Limited

IFFCO Tokio was incorporated in December 2000 as a joint venture between Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Tokio Marine and Nichido Fire Insurance Co Ltd of Japan. IFFCO is one of the biggest fertilizer cooperatives in India whereas Tokio Marine is a leading General Insurer globally. In 2015, IFFCO Tokio introduced India’s first mobile Insurance Application for customers. IFFCO Tokio crossed Rs 1,000 crores in net premium in 2016-17 and has maintained consistent growth since then.

Iffco Tokio General Insurance Company Ltd: An Overview

Insurance Plans offered by HDFC ERGO General Insurance Company

IFFCO Tokio General Insurance Company provides a wide range of General Insurance Plans that are tailored to the unique requirements of its customers.

IFFCO Tokio Business Insurance Plans

IFFCO Tokio General Insurance Company offers various Insurance Policies for Large Corporates, MSMEs and Startups including Marine Insurance Policy, Trade Credit Insurance, Fire Insurance Policy, Commercial General Liability Insurance Policy, Group Health Insurance Policy, Fine Arts Insurance, P & I Insurance, Errors & Omission Policy for the IT Sector, Cyber Insurance Policy etc. This article explores different types of Business Insurances offered by IFFCO Tokio General Insurance Company.

Employee Benefit Insurance Offered by IFFCO TOKIO General Insurance Company Limited

IFFCO Tokio Group Health Insurance Policy

IFFCO Tokio Group Health Insurance Policy provides for coverage hospitalization expenses Pre and Post-Hospitalisation Expenses, Daycare Procedures and much more. The Policy is purchased by employers to insure their employees and dependent family members. It aims to provide comprehensive and affordable health protection for the corporate workforce.

Key Features of IFFCO Tokio Group Health Insurance Policy

1. Iffco Tokio Group Mediclaim Policy covers Hospitalisation Expenses, Pre And Post-Hospitalization Costs, Daycare Procedures, and more.
2. Employees can avail cashless claim settlement at any of the 7,000+ network hospitals across India
3. No medical test required for employees and dependents. Coverage starts from Day 1 of joining.
4. Provides Cover for Pre-Existing Diseases from Day 1
5. Provides Maternity Coverage without any Waiting Period
6. Various Sum Insured Options available under the Policy

IFFCO Tokio Group Personal Accident Insurance Policy

IFFCO Tokio Group Personal Accident Insurance Policy provides compensation to the Insured in case of accidental death or disablement caused to the Insured. It aims to support the Insured and their families in case of loss of life or permanent/temporary disability due to an accidental injury.

Key Features of IFFCO Tokio Group Personal Accident Insurance Policy

1. Accidental Death Benefit: If an employee dies due to an accident, IFFCO Tokio Group Personal Accident Policy pays a lumpsum amount to the Nominee.
2. Permanent (Total or Partial) Disability: If an employee suffers from an Accident that results in Permanent Total Disablement such as loss of two limbs or loss of sight in both eyes, IFFCO Tokio GPA Policy pays a lumpsum benefit to the employee.
3. Temporary Total Disability: The Policy provides weekly compensation for Temporary Total Disablement that prevents the Insured from working.
4. Policy provides cover for hospitalisation expenses incurred because of an accident
5. Add-On Covers like carriage of dead body, ambulance charges can be opted for to enhance Policy Coverage.

IFFCO Tokio Workmen’s Compensation Insurance Policy

IFFCO Tokio Workmen’s Compensation Insurance Policy provides coverage against the legal liability of the employer to pay compensation to employees in case of Accidental Death or Disablement of the employees in the course of their employment. This policy is mandatory under the Workmen’s Compensation Act for certain occupations and industries.

Key Features of IFFCO Tokio Workmen’s Compensation Insurance Policy

1. IFFCO Tokio Workmen’s Compensation Insurance Policy covers Accidental Death, Permanent (Total and Partial) Disablement and Temporary Disablement of employees in the course of their employment
2. The Policy also covers Liability to employees under Workmen’s Compensation Act 1923, Indian Fatal Accident Act 1855 and Common Law.
3. Add-ons like Medical Expenses, Compressed Air Disease Cover, Occupational Disease Cover and Sub-Contractor Coverage etc. can be chosen to enhance coverage
4. Online purchase facility available with instant policy issuance.

Fire Insurance Policies offered by Iffco Tokio General Insurance Company Ltd

IFFCO Tokio Industrial All Risk Insurance Policy

IFFCO Tokio Industrial All Risk Insurance Policy provides comprehensive protection for large industrial establishments in India against a wide range of unforeseen incidents that can result in significant property damage and business losses. This policy provides very broad coverage that goes well beyond standard fire and property insurance.

Key Features of IFFCO Tokio Industrial All Risk (CAR) Insurance Policy

1. Covers industrial assets worth Rs. 100 crores or above under a single Insurance Policy across multiple locations in India. This is useful for large industrial houses with presence across multiple states.
2. The Policy provides coverage on an All-Risk Basis and insures against fire, allied perils, burglary, theft, machinery breakdown, electrical failures, boiler explosion, electronic equipment damage and other standard industrial risks.
3. The Policy also covers loss of profit arising from interruption of business activity following an insured event.

Iffco Tokio Standard Fire and Special Perils Insurance Policy

IFFCO Tokio Standard Fire and Special Perils Insurance Policy provides compensation to the Insured Party in case the Insured Assets are damaged to destroyed by any of the named Perils such as fire, lightning, explosion, and other natural calamities. IFFCO Tokio Fire Insurance Policy is suitable for Factories and Commercial Establishments to cover their Building, Plants & Machinery, Inventory Stocks etc. against losses. The Insurance Policy is applicable only for businesses where the Total Value at Risk across all Insurable Asset Classes at one location exceeds Rs50 crores at the Policy commencement date.

Key Features of IFFCO Tokio Standard Fire and Special Perils Insurance Policy

1. IFFCO Tokio Fire Insurance Policy provides coverage against damage to assets by Perils like Fire, Lightning, Explosion, Aircraft Damage, Flood, Inundation, Subsidence, Bursting Of Water Tanks/Pipes etc.
2. The Policy coverage can be extended to add covers like Earthquake, Storm Typhoon, Hurricane, Tornado, Flood, and Inundation (STFI Cover), Terrorism, Architect Fees, Removal of Debris, Deterioration of Stocks In Cold Storage Premises, Forest Fire etc.
3. Claim Settlement can be on Reinstatement Value or Market Value Basis.
4. Different types of Fire Insurance Policies are available such as Floater Policy and Declaration Policy to cater to different requirements of the Business Owners
5. Premium calculated based on factors such as Nature of Industry, Property Type, Location, Sum Insured, and chosen add-on covers
6. Covers property on premises as well as stocks/contents at other locations as per policy terms.

IFFCO Tokio Bharat Sookshma Udyam Suraksha Policy

IFFCO Tokio Bharat Sookshma Udyam Suraksha Policy provides Insurance coverage for loss or damage to assets due to Fire and allied Perils for enterprises where the Total Value at Risk across all insurable Asset Classes at one location does not exceed Rs5 crores.

Key Features of IFFCO Tokio Bharat Sookshma Udyam Suraksha Insurance Policy

1. The Policy is suitable for small businesses like shops, restaurants, small factories.
2. Covers Building, Plant And Machinery, Stock, Furniture, Fixtures etc. at the insured premises against Perils like Fire, Explosion, Lightning, Earthquake, Flood, Storm etc. up to Rs5 crore at a single location.
3. The Insurance Policy has In-built covers for Temporary Removal of Stocks, Removal of Debris etc.

IFFCO Tokio Bharat Laghu Udyam Suraksha Policy

IFFCO Tokio Bharat Laghu Udyam Suraksha Insurance Policy provides coverage for loss damage to assets because of fire and other Perils where the Total Value at Risk across all Insurable Asset Classes at one location does exceeds Rs5 crores but does not exceed Rs50 Crore at the Policy commencement date.

Key Features of IFFCO Tokio Bharat Laghu Udyam Suraksha Insurance Policy

1. Covers Small and Medium Businesses like Factories, Warehouses, etc.
2. Provides Insurance against Fire, Explosion, Lightning, Earthquake, Flood, Storm and other Perils.
3. Provides cover of Reinstatement Value Basis for Building, Plant, Machinery and other Fixed Assets etc.
4. Has in-built covers like Debris Removal, Architect Fees, etc.
5. Option to customize coverage with add-ons like Terrorism, Loss of Rent etc.
6. Availability of Floater cover and Declaration Policy for greater flexibility

IFFCO Tokio Bharat Griha Raksha Policy

IFFCO Tokio Bharat Griha Raksha Insurance Policy provides coverage for home building, contents and valuables against Loss or Damage to Assets due to fire, natural catastrophes, burglary and other Perils.

Key Features of IFFCO Tokio Bharat Griha Raksha Insurance Policy

1. The Building Cover under IFFCO Tokio Bharat Griha Raksha Insurance Policy covers loss or damage to the building structure due to Insured Perils. The Sum Insured for building is calculated based on area and current cost of construction.
2. Home Content covers the Physical Loss, Damage, or Destruction of the general contents of your home caused by Insured Perils
3. Multi Year Policy Duration from 1 Year to 10 Years
4. Underinsurance does not apply to the IFFCO Tokio Bharat Griha Raksha Policy
5. Option to customise coverage with various add-on Covers such as valuable contents cover, personal accident cover.

Liability Insurance Policies offered by Iffco Tokio General Insurance Company Ltd

IFFCO Tokio Public Liability Insurance Policy

IFFCO Tokio Public Liability Insurance Policy provides coverage to businesses against their Legal Liability to pay compensation to Third Parties for Bodily Injury or Property Damage caused within the Insured’s Business Premises or resulting from the conduct of the Insured’s Business Operations. This Policy provides coverage for Defence Costs and Compensatory Damages.

Key Features of IFFCO Tokio Public Liability Insurance Policy

1. IFFCO Tokio Public Liability Insurance Policy covers Legal Liability arising from the Insured’s business operations that result in Third-Party Bodily Injury or Property Damage.
2. This Insurance Policy is relevant for manufacturing units, amusement parks, construction companies, warehouse owners and other industries involving interaction with public/third parties.
3. The Policy offers add-on covers Act of Gods Peril Extension, Technical Collaborators’ Liability Extension and Food & Beverages extension to extend the Policy Coverage
4. Claims due to Wars, Willful Misconduct, Fines & Penalties etc. are excluded.

IFFCO Tokio Commercial General Liability Insurance Policy

IFFCO Tokio Comprehensive General Liability Insurance Policy provides coverage against Legal Liability of the Insured arising from Third-Party Bodily Injury or Property Damage caused on the Insured’s business premises, by the Insured’s Business Operations or as a consequence of using the Insured Party’s Products.

Key Features of IFFCO Tokio Commercial General Liability Insurance Policy

1. IFFCO Tokio Commercial General Liability Insurance Policy provides coverage for Bodily Injury and Property Damage, Personal and Advertising Injury and Medical Payments.
2. The Policy provides Policy offers Worldwide Territory and Jurisdiction Coverage for businesses with global operations
3. The CGL Policy provides coverage for Defence Costs and Compensatory Damages
4. Add-on covers like Care, Custody and Control of third party’s personal property, Vicarious Liability Extension etc. to enhance Policy Coverage
5. Option to add Additional Insured to the Policy
6. Extended Reporting Period of 90 Days
7. Provides medical expenses incurred for accidental injury to third parties on a no-fault basis.
8. Policy can be issued as a Claims Made Policy or Occurrence Based Policy
9. IFFCO Tokio CGL Policy has a Duty to Defend Form
10. Premiums vary based on business risk factors such as nature of operations, turnover, location, past claims history etc.

IFFCO Tokio Technology Errors and Omissions Insurance Policy

IFFCO Tokio Errors and Omissions (Technology) Policy provides coverage for Legal Liability of the Insured arising from errors, omissions or negligence while providing Professional Services. This Policy is specifically designed for IT/ITeS Companies.

Key Features of IFFCO Tokio Technology Errors and Omissions Insurance Policy

1. The Policy provides coverage arising from Breach of Contract, Breach of Privacy, Breach of Confidentiality, IPR Infringement, Defamation, Security Breaches etc. resulting from Professional Services.
2. The Policy provides coverage for Defence Costs and Compensatory Damages
3. Add-On Covers for Mitigation Costs, Outstanding Fees, Delayed Delivery, Dishonest Employee Acts, Court Attendance Fees, PR Expenses etc.
4. Policy provides coverage with Worldwide Territory and Jurisdiction Coverage
5. The Tech E&O Policy provides coverage for Claims resulting from all incidents that occur after the Retroactive Date

IFFCO Tokio Directors and Officers Liability Insurance Policy

IFFCO Tokio Directors and Officers Liability Insurance Policy provides coverage to Directors and Officers of a Company against the legal liability arising out of Wrongful Acts committed by Directors and Officers in their managerial capacity. A Wrongful Act is defined as any actual or alleged Act, Error, Omission, Breach of Duty, Breach of Trust, Breach of Warranty or Authority, Misstatement or Misleading Statement.

Key Features of IFFCO Tokio Directors and Officers Liability Insurance Policy

1. Covers defense costs and damages awarded against directors/officers in civil proceedings.
2. Protects against liability for acts like negligence, misrepresentation, breach of duty, false statements etc.
3. Policy provides cover for Non-Executive Directors, Retired Directors and Outside Entity Directors
4. Covers liability arising anywhere in India. Worldwide coverage can be opted as an extension.
5. Available for private limited companies, public limited firms, PSUs, banks and other corporate entities.
6. Policy provides cover for Securities Claims and Employment Practices Liability Claims
7. Major Exclusions are Bodily Injury, Property Damage, Fraud, Insured vs Insured Claims, and Prior Acts
8. Add-ons available for entity cover, investigation costs, emergency costs, reputational damage etc.
9. Retroactive Date Cover - The Policy provides coverage for Claims resulting from all incidents that occur after the Retroactive Date

IFFCO Tokio Professional Indemnity Insurance Policy

IFFCO Tokio Professional Indemnity Insurance Policy provides coverage for Wrongful Acts resulting in financial losses to a Third Party resulting from failure of the Insured’s product to perform the function or to serve the purpose intended or failure to provide service in accordance with terms and conditions of a contract.

Key Features of IFFCO Tokio Professional Indemnity Insurance Policy

1. The Policy covers the legal liability of the Insured arising from errors, negligence or omissions.
2. Policy is suitable for IT firms, management consultants, HR consultants, designers, surveyors etc.
3. Covers civil liabilities but not criminal acts, contractual liabilities etc.
4. Requires declaration of professional fee/revenue for adequate sum insured determination.
5. Key exclusions are fines, bodily injury, property damage, pollution etc.,
6. Policy provides add-on covers for Mitigation Costs, Outstanding Fees, Delayed Delivery due to Professional Errors and Omissions, Dishonest Employee Acts and PR Expenses incurred by the Insured.
7. Policy is issued as a Claims Made Policy

IFFCO Tokio Multi Modal Transport Operator Liability Insurance Policy

IFFCO Tokio Multi Modal Transport Operators Liability Policy provides specialized Insurance coverage for freight forwarders, cargo handlers, transport operators, logistics companies that are engaged in multi-modal transportation of shipments involving various modes like marine, air, road, rail, courier etc.

Key Features of IFFCO Tokio Multi Modal Transport Operator Liability Insurance Policy

1. The Policy covers legal liability arising out of Physical Damage to cargo while in the care, custody, and control of the Insured
2. The Insurance Policy also covers legal liability arising out of physical loss or damage to vessels, equipment owned or operated by a sub-contractors or customer.
3. Provides coverage for consequential business interruption losses resulting from accidental damage to cargo.
4. The Errors and Omissions extension covers legal liabilities arising out of Insured’s operations following a negligent act, errors or omission by the Insured, his agent or Sub-Contractor.
5. The Third-Party Liability Extension covers Bodily Injury or Property Damage and legally recoverable consequential loss arising out of the operations of the Insured.

Marine Insurance Policies Offered by IFFCO Tokio General Insurance Company

IFFCO Tokio Specific Voyage Marine Cargo Insurance Policy

IFFCO Tokio Specific Voyage Marine Cargo Insurance Policy provides Insurance Coverage for a single shipment or voyage. The Policy covers goods from the point of origin till final destination during the specified voyage.

Key Features of IFFCO Tokio Specific Voyage Marine Cargo Insurance Policy

1. IFFCO Tokio Specific Voyage Marine Insurance Policy provides coverage against loss or damage to the Insured Cargo against perils such as collision, sinking, fire, jettison etc.
2. Additional covers for war, strikes, riots and civil commotion risks can be added for additional premiums.
3. Loss or Damage to Cargo due to wear and tear, inherent vice of cargo, war, insolvency of ship owners is excluded under the Policy
4. Premium rates depend on various factors like type of cargo, mode of transport, geography, claims history etc. and are determined accordingly.

IFFCO Tokio Marine Sales Turnover Policy

IFFCO Tokio Marine Sales Turnover Policy covers all the transits - Export Sales, Domestic Sales, Imports, Local Purchases, Inter-Factory Movements, Job Worker Movements, Capital Equipment and Container Movements under a Single Policy. The Insured does not need to make declarations of each and every transit like in a Marine Open Policy, rather he has to just declare the Sales Turnover Figures on a Periodic Basis under the STOP Policy.

Key Features of IFFCO Tokio Marine Sales Turnover Policy

1. All Risk Coverage provided as per Institute Cargo Clauses
2. Sum Insured under the Sales Turnover Policy is determined on the Insured’s estimated sales for the current year.
3. Covers perils like Fire, Collision, Sinking, Earthquake, Theft during transit
4. Add-On Cover available for Wars, Strikes etc.
5. No need for individual declarations per shipment. The Insured just needs to declare Sales Turnover on a Periodic Basis.

Engineering Insurance Policies offered by Iffco Tokio General Insurance Company

IFFCO Tokio Contractors All Risk Insurance Policy (CAR Insurance)

IFFCO Tokio Contractors All Risk Insurance Policy provides comprehensive coverage for civil engineering projects like buildings, bridges, roads, dams, tunnels, pipelines etc. during the construction phase . The Insurance Policy protects the interests of contractors undertaking such construction projects against unforeseen events that may damage or destroy the project works.

Key Features of IFFCO Tokio Contractors All Risk (CAR) Insurance Policy

IFFCO Tokio CAR Insurance Policy provides coverage under 2 sections

1. Material Damage Section: The Material Damage Section of the CAR Insurance Policy Covers unforeseen and sudden physical loss or damage due to Perils like fire, lightning, flood, inundation, storm etc.
2. Third-Party Liability Section: The Third-Party Liability Section of the IFFCO Tokio Contractors All Risk Insurance Policy provides coverage for the legal liability of the contractor for Bodily Injury or Property Damage caused to third parties because of work conducted on the site.
3. The Policy commences from the arrival of the first consignment at site and ends on successful commissioning of the project or expiry of the policy period, whichever is earlier
4. The Policy can be extended to include the interest of Principal, Contractors and Subcontractors.
5. Provision to pay premium in installments for policy periods exceeding 12 months. This enables easier premium payment terms for long duration projects.
6. Add-On Covers available to provide coverage for Act of God Perils (AOG Perils) such as Earthquake, Storms, Tempest, Floods, Inundation, etc.

IFFCO Tokio Trade Credit Insurance Policy

IFFCO Tokio Trade Credit Insurance Policy provides Insurance coverage against the Risk that the Company’s Customer fails to pay for the Goods or Services that he has received on Credit. The Policy provides protection to companies selling goods or services on credit. A Trade Credit Insurance Policy is an efficient way of securing oneself from the risk of unpaid invoices.

Key Features of IFFCO-Tokio Trade Credit Insurance Policy

1. IFFCO Tokio Trade Credit Insurance Policy provides coverage for Domestic Transactions as well as Export Transactions.
2. Policy provides cover against risks like Protracted Default (Delayed Payment) and Buyer Insolvency
3. Covers Political Risks like Moratorium on Payment, Cancellation of Import License, Political events, legislative or administrative measures preventing payment
4. Discretionary Credit Limit extended to new buyers while each buyer is granted a specific credit limit
5. Premium based on Annual Credit Sales Turnover, Nature of Industry and Prior Customer Default/Claims Experience
6. Insures up to 90% of credit extended to buyers
7. Exclusions include Trade Disputes, Sales to Individuals, Advance Payments

IFFCO Tokio Jewellers Block Insurance Policy

IFFCO Tokio Jewellers Block Insurance Policy provides comprehensive coverage for Losses to Jewellery Stock due to Fire within Premises, Theft or Burglary within Premises or Losses which occur when the Jewellery Stock is in Custody of Directors, Employees, Brokers, Sorters etc. The Jewellers Block Insurance Policy provides specialized protection for Jewellers/Diamantaires against Loss or Damage to precious Jewellery Stock.

Key Features of IFFCO Tokio Jewellers Block Insurance Policy

1. Policy provides cover against damage to Insured Jewellery Stock on the Business Premises because of Perils like Fire, Theft, Burglary, Earthquakes etc.
2. Policy covers stock kept in safe/ strong room, display windows as well as stock in custody of Directors, Partners, Employees or in Custody of Third Parties such as Cutters, Brokers, Agents, Goldsmiths
3. Additional Covers such as Infidelity of Employees or Third Parties, Coverage for stocks whilst in transit or whilst being displayed at exhibition are also available
4. Add-on covers for public liability, workmen’s compensation, personal accident available

IFFCO Tokio Fine Arts Insurance Policy

IFFCO Tokio Fine Arts Insurance Policy provides insurance coverage for valuable artworks and other collectibles owned by private collectors, art dealers, gallery owners, museums etc. The Insurance Policy covers paintings, antiques, sculptures, rare books & manuscripts, tapestries, porcelain etc.

Key Features of IFFCO Tokio Fine Arts Insurance Policy

1. Covers against unforeseen loss or damage to the Insured Items caused by perils like Fire, Theft, Vandalism, Breakage, Natural Disasters etc. while they are in transit or on display.
2. Basis of valuation is Agreed Insured Value for private collections and Cost + Fixed Percentage Markup for dealers’ stock. Sum insureds are set accordingly.
3. Policy can be issued on ‘all-risks’ basis providing very wide coverage or ’named perils’ basis covering specific perils.
4. Coverage is restricted to specifically declared items and locations as per policy schedule

IFFCO Tokio Personal Insurance Plans

IFFCO Tokio General Insurance Company offers various a range of Insurance Policies for Individuals and Families such as Health Insurance, Motor Insurance and Travel Insurance Plans. This article explores different types of Personal Insurances offered by IFFCO Tokio General Insurance Company.

Health Insurance Products Offered by IFFCO Tokio General Insurance Company

IFFCO Tokio Health Protector Insurance Policy

IFFCO Tokio Health Protector is a comprehensive Health Insurance Policy that provides coverage for Hospitalization Expenses, Daycare Procedures, Pre and Post-Hospitalization Expenses due to illness or injury.

Key Features of IFFCO Tokio Health Protector Insurance Policy

1. IFFCO Tokio Health Protector Policy offers Sum Insured Options of Rs1.5 Lakhs to Rs30 Lakhs
2. A Family can opt for Family Floater Policy to cover Spouse and Dependent Children
3. No Room Rent Capping in the Policy for Sum Insured of Rs7 lakhs and above
4. Pre and Post-Hospitalisation Expenses coverage for 60 days - 90 days respectively
5. Co-Payment of 10%, 20% or 25% available under the Policy
6. Cumulative Bonus of 25% of the basic Sum Insured for the first claim-free renewal and at each subsequent renewal, in respect of each claim free year of insurance, the Sum Insured increases by 10%, subject to a maximum of 100% of basic Sum Insured of the expiring policy. If a Claim is made under the Health Insurance Policy during any Policy Year, the Cumulative Bonus is reduced at the same rate it had accrued.
7. Waiting Period of 12/24 Months for Specific Diseases
8. Waiting Period of 36 months for Pre-Existing Diseases
9. The Premiums paid for the Policy are eligible for Section 80D Deductions under the Income Tax Act, 1961
10. Lifetime Renewal

IFFCO Tokio Health Protector Assure Super Top-Up Insurance Policy

IFFCO Tokio Health Protector Assure is a Super Top-Up Health Insurance Plan which provides Health Insurance Coverage over and above an existing base Health Insurance Plan at affordable premiums.

Key Features of IFFCO Tokio Health Protector Assure Super Top-Up Insurance Policy

1. Sum Insured options range from Rs3 Lakhs to Rs1 Crore with Deductible options ranging from Rs2 Lakhs to Rs30 lakhs.
2. Pre and Post-Hospitalisation Expenses coverage for 60 days - 90 days respectively
3. Waiting Period of 12/24 months for Specific Diseases
4. Waiting Period of 36 months for Pre-Existing Diseases
5. Cashless Claim Settlement available across 7000+ Network Hospitals across India
6. Premiums paid for the policy are eligible for tax deduction under Section 80D of the Income Tax Act.
7. Lifelong Renewal

IFFCO Tokio Aarogya Sanjeevani Policy

IFFCO Tokio Arogya Sanjeevani Policy provides comprehensive coverage for medical expenses arising from Hospitalization, Pre and Post-Hospitalisation Expenses, Daycare Procedures etc. The Policy is a standard Health Insurance Plan with very affordable premiums.

Key Features of IFFCO Tokio Arogya Sanjeevani Insurance Policy

1. Sum insured options ranging from Rs50,000 to Rs10 Lakhs
2. The Policy has a minimum entry age of 18 years and maximum entry age of 65 years.
3. Pre and Post-Hospitalisation Expenses Coverage for 30 days - 60 Days
4. Room Rent Limit of 2% of Sum Insured subject to a maximum of Rs5000 per day for Normal Rooms and 5% of Sum Insured subject to a maximum of Rs10,000 per day for ICU Rooms
5. Cumulative Bonus of 5% per year for every claim-free year, provided that the Insurance Policy is renewed without a break every year, subject to a maximum of 50% of Sum Insured. In case of a Claim, the Cumulative Bonus is reduced at the same rate.
6. Cataract Sub-Limit of upto Rs. 40,000 per eye or 25% of Sum Insured whichever is lower
7. Co-Payment of 5% on each and every Claim
8. Waiting Period of 36 months for Pre-Existing Diseases
9. Waiting Period of 24 and 48 months for Specific Diseases
10. The Premiums paid for the Health Insurance Policy are eligible for Section 80D Deduction under the Income Tax Act, 1961
11. Lifelong Renewal.

IFFCO Tokio Critical Illness Benefit Policy

IFFCO Tokio Critical Illness Benefit Policy is a Critical Illness Insurance Policy which provides comprehensive coverage against various critical illnesses and related expenses. IFFCO Tokio Critical Illness Policy provides a lumpsum Amount in case the insured is diagnosed with a specified critical illness during the Policy Period.

Key Features of IFFCO Tokio Critical Illness Benefit Policy

1. IFFCO Tokio Critical Illness Benefit Policy pays a Lumpsum Amount on the diagnosis of any of the listed critical illnesses after 30 days of Policy Commencement and Survival Period of 28 Days
2. The Policy provides coverage for 23 Critical Illnesses
3. Sum Insured options available from 1 Lakh to 1 Crore
4. Policy can be issued on an Individual or a Family Floater Basis
5. Premiums paid are eligible for tax deductions under Section 80D of Income Tax Act
6. Lifelong Renewal

Health Insurance Claim Settlement Process for IFFCO Tokio General Insurance Company

What is the Health Insurance Claim Settlement Process with the IFFCO Tokio General Insurance Company?

The steps to file a Health Insurance Claim with IFFCO Tokio General Insurance Company Limited are listed below:

Intimate Claim

You need to intimate IFFCO Tokio about the claim by either:

1. Go to the IFFCO Tokio General Insurance Website, Click on Register a Claim, select the relevant Insurance Policy and register a claim by providing details like Insured Information, date of incident etc.
2. The Insurance Company will provide a Claim Intimation number upon successful registration of the Claim

IFFCO Tokio Health Insurance Cashless Claim Settlement Process

To avail Cashless Claim Settlement under the IFFCO Tokio Health Insurance Policy, the Policyholder must follow the steps listed below:

1. Locate the nearest network hospital covered by the IFFCO Tokio Health Insurance Policy to avail treatment
2. Inform the Insurance Company about the hospitalization before 3-4 days in case of a planned hospitalization and within 4-5 hours in case of an emergency
3. Show the Health Card issued by the Insurance Company to the Insurance desk at the hospital
4. Fill the Pre-Authorization Claim Form provided by the hospital
5. The Hospital sends the Pre-Authorization Claim Form to IFFCO Tokio General Insurance Company for Claim Settlement
6. The Insurance Company will inspect the details and inform the Insured about the approval or rejection of the Claim
7. Once the Claim gets approved, the hospital sends the expenses and receipts to the Insurer and the hospital gets reimbursed for the treatment expenses directly by IFFCO Tokio.

The advantage of cashless claim settlement is that the Policyholder does not need pay any amount from his own pocket.

IFFCO Tokio Health Insurance Reimbursement Claim Settlement Process

If the Policyholder chooses a non-network hospital, he will have to opt for Reimbursement Claim Settlement. The Reimbursement Claim Settlement is listed below:

1. Inform IFFCO Tokio General Insurance Company within 24 hours of admission to the hospital. The Company will provide the Policyholder with a Claim Intimation Number after the claim is raised so that the Claim Status can be tracked.
2. Make the payment to the hospital for the medical expenses incurred and keep original copies of all the Invoices.
3. Submit the required documents to IFFCO Tokio General Insurance Company
4. The Insurance Company will verify the Claim Details, ask for additional documents if required and will approve or reject the Claim.
5. The approved Claim Amount gets credited directly to the Bank Account of the Insured

What are the documents Required for a Reimbursement Claim under a Health Insurance Policy? The Insured needs to submit the following documents to IFFCO Tokio General Insurance Company to avail Reimbursement Claim Settlement under the Policy:

1. ID Proof, Policy Health Card and Address Proof
2. Duly Filled and Signed Claim Form
3. Pathology Reports
4. Medicine Prescriptions and Pharmacy Bills
5. Pre and Post-Hospitalisation Bills
6. Hospital Bills
7. Discharge Summary

Motor Insurance Products offered by Iffco Tokio General Insurance Company

IFFCO Tokio Two-Wheeler Insurance Policy

IFFCO Tokio Two-Wheeler Insurance Policy provides Coverage for loss or Damage to the Insured Two Wheelers like Motorcycles and Scooters because of Accidents, Natural Calamities etc. as well as Third-Party Liabilities for Bodily Injury or Property Damage.

Key Features of IFFCO Tokio Two-Wheeler Insurance Policy

1. No Claim Bonus of upto 50%
2. Online Renewal
3. The Insured can make unlimited claims under the Policy

IFFCO Tokio Motor Insurance Policy

IFFCO Tokio Motor Insurance Policies provicdes comprehensive coverage against loss or damage to vehicles because of Accidents, Theft, Fire, etc. The Policy covers both, own damage as well as Third Party Liability.

Key Features of IFFCO Tokio Motor Insurance Policy

1. Policy provides Own Damage Cover which protects the Insured Vehicle against Loss or Damage due to Accidents, Theft, Fire, Explosion, Lightning, Riots and Other Perils.
2. The Policy offers a range of Add-On Covers to enhance Policy Coverage such as Zero Depreciation Cover, Engine Protector Cover and Consumable Expenses Cover.
3. Cashless Claim Settlement across an extensive network of 4,300+ garages Pan-India
4. No Claim Bonus of upto 50%

What is the Claim Settlement Process under the IFFCO Tokio Motor Insurance Policy?**

A Policyholder can avail of a Claim Settlement under the IFFCO Tokio Motor Insurance Policy in 2 ways:

1. Cashless Claim Settlement
2. Reimbursement Claim Settlement

IFFCO Tokio Motor Insurance Claim Process – Cashless Claim Settlement In order to avail Cashless Claim Settlement under the IFFCO Tokio Motor Insurance Policy, the Policyholder must follow the steps listed below:

1. Locate the nearest network garage covered by the IFFCO Tokio Motor Insurance Policy on https://www.iffcotokio.co.in/contact-us?tab=garage and bring the damaged car/bike to the same for repairs
2. Inform IFFCO Tokio General Insurance Company about the accident and damage to the vehicle by providing the necessary details such as Policy Number, Date, Time and Description of Accident
3. The Insurance Company will send a surveyor to the Garage to inspect the extent of damage post which the approval to begin repairs is given.
4. Once the approval is received, the Garage can commence repairs.
5. The Insured needs to fill the Claim Form and provide the related documents as mentioned in the form.
6. Once the vehicle is ready, the Insured needs to pay his share of the Claim consisting of Deductible, Depreciation etc. to the garage and drive off. The balance would be settled by IFFCO Tokio General Insurance Company directly with the network garage

IFFCO Tokio Motor Insurance Claim Process – Reimbursement Claim Settlement If the Policyholder chooses a non-network Garage, he will have to opt for Reimbursement Claim Settlement. The Reimbursement Claim Settlement for Motor Insurance is listed below:

1. Inform IFFCO Tokio General Insurance Company of the Accident on the Mobile App or Website
2. The Company will send a surveyor to assess the extent of damage
3. The Insured needs to submit the Duly Filled and Signed Claim Form along with the necessary documents as mentioned in the form
4. The Insurance Claim is processed on receipt of documents and the Claim Amount will be credited to the bank account of the Policyholder

IFFCO Tokio Commercial Vehicle Insurance Policy

IFFCO Tokio Commercial Vehicle Insurance Policy provides coverage to Commercial Vehicles such as Trucks, Trailers etc. against damage to the vehicle itself from Perils such as Fire, Accidents, Theft, Calamities etc. as well as liability arising due to Third Party Bodily Injury and Property Damage.

Key Features of IFFCO Tokio Commercial Vehicle Insurance Policy

1. Covers Damage to the Vehicle from Perils such as Fire, Accidents, Natural Calamities
2. Add-On Covers of Zero Depreciation, IMT-23, Towing Charges available
3. No Claim Bonus of upto 50% on Own Damage Premium
4. Attractive Discounts for Commercial Vehicle Fleet Owners
5. Comprehensive Package Policy covering Own Damage as well as Third Party Liability

How to Purchase IFFCO Tokio General Insurance Policy?

Here are the steps to purchase a IFFCO Tokio General Insurance Policy:

Online Process to purchase IFFCO Tokio Insurance Policy

1. Go to IFFCO Tokio General Insurance Website, select the relevant Insurance Policy such as Motor Insurance, Health Insurance etc.
2. Enter the relevant details, Click on the “View Prices” to start the Online Purchase Process.
3. Fill in the online form providing your basic details, nominee information, preferences for add-on covers etc.
4. The Insurance Premium will be calculated and displayed. Review the premium and coverage details.
5. Make the premium payment online using Net Banking, UPI, Debit/Credit Card, Wallet etc.
6. The Policy Document will be emailed to your registered email id immediately.

Offline Process to purchase IFFCO Tokio Insurance Policy

If you prefer to purchase a Policy offline, go to the nearest company branch or the Insurance Broker, where their experts will guide you through the entire process. An Insurance Broker will assist you with quote comparisons, negotiations and claims as well.

How to Renew IFFCO Tokio General Insurance Policy?

Here are the steps to renew a IFFCO Tokio General Insurance Policy:

Online Process to Renew IFFCO Tokio Insurance Policy

1. Go to IFFCO Tokio General Insurance Website, Click on Renew, select the relevant Insurance Policy such as Motor Insurance, Health Insurance etc.
2. Enter the Expiring Insurance Policy Number to start the Renewal Process.
3. Enter the relevant details. The Insurance Premium will be calculated and displayed. Review the premium and coverage details.
4. Make the premium payment online using Net Banking, UPI, Debit/Credit Card, Wallet etc.
5. The Policy Document will be emailed to your registered email id immediately.

Offline Process to Renew IFFCO Tokio Insurance Policy

If you prefer to Renew a Policy offline, go to the nearest company branch or the Insurance Broker, where their experts will guide you through the entire Renewal process.

Purchase IFFCO Tokio General Insurance Company Policies with Qian!

Qian is a licensed Insurance Broker with IFFCO Tokio General Insurance Company. We can assist you with all Insurance Policies as well as Claim Settlement Process with IFFCO Tokio General Insurance Company. Get a Quote for IFFCO Tokio General Insurance Company’s Insurance Policy with Qian at insurance@qian.co.in or call us on 022-35134695. We would be glad to assist you.