IFFCO Tokio General Insurance

Key Features

Claim Settlement Ratio 95.30%

Renewability Lifelong

Claim Settlement Facility 95.30%

COVID-19 Cover Yes

Network Hospitals 95.30%

Incurred Claim Ratio 99.49%

About IFFCO Tokio General Insurance

Iffco Tokio general insurance company was incorporated in 2000, as a joint venture between the Indian Farmers Fertilizer Cooperative limited (IFFCO),which is one of the World’s largest fertilizer manufacturers and Tokio Marine Group, which is one of the largest insurance groups in Japan. Iffco Tokio has received general insurance license from the Insurance regulatory and development authority of India (IRDAI) in the year 2000 and commenced operations in the same year with headquarters at Gurgaon. At present IFFCO holds about 51% in the joint venture whereas Tokio Marine group holds 49%.

IFFCO Tokio Health Insurance Plans

Iffco Tokio provides a wide variety of health insurance plans that covers the individuals as well as the families under a single policy with floater or non floater cover. The maximum sum insured or the coverage available under Iffco Tokio health insurance policies is Rs.1 Crore. Iffco Tokio offers a wide variety of coverage in its health insurance plans such as the inpatient hospitalization, out patient cover, day care procedures cover, organ donor cover, critical illness cover, alternative treatments cover, hassle free medical checkups, ambulance costs, room rent expenses and ICU expenses.

Benefits of IFFCO Tokio

Iffco Tokio general insurance company has health insurance plans with different sum insured options and the maximum sum insured available is Rs.1 Crore. The pre underwritten health insurance plans have the maximum sum insured as Rs.1 Crore and the customer can even avail a higher sum insured with special recommendation from the underwriter.

Key features of IFFCO Tokio health insurance

  • More than 160 day care procedures are covered under the health insurance plans of Iffco Tokio general insurance
  • There is no limitation on the room rent and ICU rent in few health insurance policies

Tax Benefits

There are certain tax benefits available under the health insurance policies offered by IFFCO tokio general insurance which are mentioned below:-

Claim Settlement Process

Iffco Tokio general insurance company offers both reimbursement and cashless claim settlement facility. The cashless claim settlement facility is available only in the network hospitals that are tied up with the company. IFFCO Tokio general insurance hospital list can be downloaded from here. Iffco Tokio general insurance health insurance claim form can be downloaded from here.


There is a waiting period of 30 days before you can make a claim under the family health insurance plan. This waiting period is known as the initial waiting period and is not applicable for accident related hospitalization.