IFFCO Tokio General Insurance Company LimitedIncurred Claim Ratio - 76*
IFFCO Tokio General Insurance Company Overview
IFFCO Tokio General Insurance Limited laid its foundation in the year 2000. It was incorporated as a joint venture between the Tokio Marine Group that is the largest listed Japan’s insurance group and the Indian Farmers Fertilizer Co-operative (IFFCO) – one of the biggest co-operative societies of the world. 51 percent stake is held by IFFCO in the company and Tokio Marine Group holds 49 percent.
The insurance provider provides a comprehensive product bunch of all the lines of business like health insurance, two-wheeler insurance, home insurance, travel insurance and car insurance, which includes the corporate policies like liability insurance and property insurance. IFFCO Tokio is also the first insurance provider in the country to underwrite mega policies for an automobile and Fertilizer Company. The comprehensive insurance policy depends on the international rates and enhances the outflow of the premium for its clients as it provides one-stop, all-risk cover. Apart from the traditional insurance products, it also provides niche insurance products including Credit Insurance, Errors & Omission Policy for the IT sector, Cyber Insurance, and P & I Insurance, etc. In addition to this, the company has sincerely accomplished its rural centric initiatives by introducing products such as Mahila Suraksha Bima Yojana, Janta Bima Yojana, and Sankat Haran Bima Yojana for the masses.
IFFCO Tokio has marked its presence in rural areas along with Tier B and C cities. This is the first private insurance provider to set up Bima Kendras that are single individual operated centres. These Bima Kendras were established with an intention to grow the insurance penetration in the rural areas. Whenever these centres reach the desired size in terms of the growth potential and premiums, they are converted into the Strategic Business Units.
Mission, Vision, and Values of IFFCO Tokio General Insurance Company Limited
IFFCO Tokio Insurance is committed to being an organization and brand of wide repute on the basis of its clearly outlined goals of performance and delivery vis-a-vis the following:
- Iffco Tokio Insurance Vision- To be an industry leader through fair, transparent and quick response
- Iffco Tokio Insurance Mission - To gain the trust of individuals, industry, trade, and commerce. And also to protect corporates, citizens, international and cooperative investors in India.
Policies From IFFCO Tokio General Insurance Company Limited
- IFFCO Tokio Health Insurance
- IFFCO Tokio Car Insurance
- IFFCO Tokio Two Wheeler Insurance
- IFFCO Tokio Home Insurance
- IFFCO Tokio Travel Insurance
- IFFCO Tokio Personal Accident Insurance
IFFCO Tokio health plans help to protect your family against financial emergencies caused by sudden critical illness or hospitalization. It promises to take care of all your financial distress during a medical emergency. Good coverage, competitive premium and exemplary service distinguish IFFCO Tokio health plans from other insurers.
IFFCO Tokio Individual Med shield Policy:
The Individual Med shield Policy provides cash-free hospitalization in more than 3000 hospitals across India in case of illness or an accident resulting in hospitalization. The policy also reimburses expenses incurred during pre and post hospitalization stages of the treatment.
IFFCO Tokio Critical Illness Insurance:
IFFCO Tokio General Insurance’s Critical Illness Insurance policy provides the right kind of cover against critical illnesses at an affordable price. By paying a fraction of the normal premium for a full-fledged medical cover, complete protection is offered in times of need.
Swasthya Kavach Policy:
The Health Protector Policy provides health protection cover for the insured and his/her family and covers illnesses, and injuries and related hospitalization costs and medical expenses. It serves as a family health policy as well as a mediclaim cover.
IFFCO Tokio Health Protector Policy:
This IFFCO-Tokio General Insurance company Limited policy offers health protection cover for the insured and his/her family. It covers hospitalization expenses, specialist fees, medical services costs, and even hospitalization expenses for traditional medical practices such as Ayurveda, Homeopathy, Unani and/or Sidha.
IFFCO Tokio Family Health Protector Policy:
The Family Health Protector plan is a comprehensive cover and pure benefit policy that offers lump-sum benefits. The cover allows you to include a larger number of relatives such as siblings, brother- or sisters-in-law, and nephews or nieces who are dependent on you as well as your spouse and children.
IFFCO Tokio Health Protector Plus Policy:
This plan by IFFCO Tokio General Insurance company limited acts as an additional cover over and above the deductible amount, covering hospitalization expenses if the insured person contracts a disease or is injured in an accident.
IFFCO Tokio car insurance policies are a life-saver for all the car owners/drivers. The add-on riders offered by IFFCO Tokio car insurance come in handy in times of distress.
IFFCO Tokio Comprehensive Car Insurance Policy:
The comprehensive car insurance plan takes care of expenses from man-made or natural events that may cause damages to the car, the occupants or third parties. It covers damages caused to the insured car and also a third-party car, property or person from the insured car.
IFFCO TOKIO’s 24 x 7 On-Road Assistance:
This is an additional benefit, only available for online buyers of the private car comprehensive policy. It includes round-the-clock emergency assistance services in case of vehicle immobilization or any road mishaps.
IFFCO Tokio Value Auto Coverage:
Iffco Tokio insurance offers 12 additional benefits to choose from. You can purchase a minimum of 3 or more benefits. The extra cover is available only with the comprehensive car insurance policy.
IFFCO Tokio Third-Party Liability Car Insurance Policy:
Iffco Tokio General Insurance Co Ltd also provides third-party car insurance plans. Third-party liability is one of the most cost-effective car insurance plans. It is mandatory to buy it for three years for all the car-owners/drivers in India, as per the new rules.
Third party liability only covers loss or damage caused to a third-party from your vehicle. It also covers accidental death or injuries resulting from your insured car. Iffco Tokio also covers damages caused to the driver, passengers, and pedestrians.
Iffco Tokio Insurance Renewal for Existing Car Insurance Policy
It is possible to renew your existing Iffco Tokio Car Insurance policy online. Simply enter your policy type, email address, vehicle registration number, policy number or name as per previous policy. Enter search after submitting the information.
Iffco Tokio Insurance Renewal from Other Car Insurers
To renew a Non-Iffco Tokio car insurance policy online, you need to furnish your vehicle registration number, your phone number, and your email address. Click next to review your policy details and make the purchase.
IFFCO Tokio two wheeler insurance enables you to enjoy your two-wheeler ride as you zip across the bustling streets. It reduces your financial liability incurred in case of an accident or theft.
IFFCO Tokio Third-Party Liability Two-wheeler Insurance Policy
Iffco Tokio General Insurance Co Ltd offers third-party liability only two-wheeler policies. It is mandatory to buy it for five years for all the bike owners/drivers in India. It covers the vehicle’s owner against risks associated with third-party vehicle damage or third-party injuries.
Third-party liability only policies are designed to safeguard a third party. 3rd party policy would cover damages caused to a third-person, property from your insured bike.
Iffco Tokio Insurance Renewal for Existing Two-Wheeler Insurance Policy
It is possible to renew your existing Iffco Tokio Bike Insurance policy online. The procedure for Iffco Tokio Insurance renewal is quite simple and effective. Simply enter your policy type, email address, 2-wheeler registration number, policy number or name as per previous policy. Enter search after filling details.
Iffco Tokio Insurance Renewal from Other Bike Insurers
To renew a Non-Iffco Tokio bike insurance policy online. You need to furnish your bike registration number, your phone number, and your email address. Click next to review your policy details and make the purchase.
IFFCO Tokio Insurance Quick Claim Settlement (QCS)
Iffco Tokio General Insurance Co Ltd has introduced a Quick Claim Settlement (QCS) scheme to reduce the turn-around time for motor claims.
With Quick Claim Settlement, Iffco Tokio Insurance will settle motor claims up to INR 20,000. This is applicable on private car owners and the claim will be settled within 30 minutes and the amount will be credited into the policyholder’s bank account.
QCS can work on both Android and ios platform, along with video upload. The process is listed below:
- To initiate the process you would need to register the claim with the QCS team. You can call at Iffco Tokio General Insurance’s customer care number.
- Through the mobile application, you can upload the documents, videos, and photographs
- Once your claim request is approved, your claim will be settled and the amount will be digitally transferred into your bank account (within 30 minutes).
- You can also check the Iffco Tokio Claim Status on the mobile application
IFFCO Tokio travel insurance plans give you the benefit of travelling with confidence either abroad or within India, thereby ensuring you a complete hassle free travel with peace of mind.
Travel Insurance Policy Online:
IFFCO Tokio offers travel insurance policies for international travellers covering financial risks arising due to accidents, medical expenses, repatriation, loss or delay of checked baggage, loss of passport, cancellation of flights, etc.
Pravasi Bhartiya Bima Yojna:
The Ministry of External Affairs has made it compulsory for all the Indian emigrants going abroad for employment purposes to take Pravasi Bhartiya Bima Yojna insurance to protect from risks of working abroad.
IFFCO-Tokio home insurance plans help to safeguard your home and its contents in case of an ill-fated event as resulting from natural calamities and man-made disasters.
IFFCO Tokio Home and Family Protector Insurance Policy:
Home and Family Protector Policy provides comprehensive protection in one policy to the insured, his/her family members and domestic employees, covering household assets, interests, and liabilities.
IFFCO Tokio Home Suvidha Policy:
The Home Suvidha policy provides protection to the home against a wide range of risks. Depending on suitability and the extent of the risk, one can opt from many sum insured categories.
Personal accident cover is highly recommended to everyone. IFFCO Tokio personal accident insurance gives wide-ranging benefits to the insured, which also prove to be beneficial for the family. Apart from medical treatment expenses, it also bears the education expenses of your children and spouse.
Individual Accidental Insurance Policy:
The personal accidental insurance policy provides complete protection to the insured person against all the accidents that may lead to death or bodily injury. Coverage includes education benefit, employment benefit, ambulance benefit, and cumulative benefit.
Other Insurance provided by IFFCO Tokio General Insurance Company
IFFCO Tokio General Insurance Company offers various other policies for trade and businesses. These policies safeguard firms and traders against any loss or damage that they may suffer in the course of business due to unforeseen events, including man-made and natural disasters.
- Trade Protector Policy
- Trade Suvidha Policy
It is advisable to compare all IFFCO Tokio General insurance plans with plans from other General insurance companies in India to choose the best insurance plan that suits you the most.
IFFCO Tokio General Insurance Company Distribution Network:
IFFCO Tokio General Insurance Company has a pan India presence with 65 ‘Strategic Business Units’ and a wide network of over 120 Lateral Spread Centres and 255 Bima Kendras. IFFCO Tokio issues instant policy and renewals through its website for retail insurance products such as Car Insurance, Two Wheeler Insurance, Travel Insurance, Health Insurance, and Home Insurance.
IFFCO Tokio Insurance FAQs
Q1. Can I renew my Iffco Tokio car insurance policy online?
Iffco Tokio General Insurance Company Limited allows you to renew your car insurance policy online in a time effective and convenient manner. The policy can be renewed before 60 days of your policy expiry date. If your policy has expired then you would need to get in touch with IFFCO Tokio Insurance.
Iffco Tokio Insurance will allocate a supervisor to inspect your car before issuing your policy online. Your policy will be issued once your car is inspected and a satisfactory report is generated. You also need to submit all the required documents.
Q2. Can I switch my current health insurance policy to IFFCO Tokio insurance?
If you are not satisfied with your current health insurance policy then you can switch to Iffco Tokio health insurance. As per the IRDA regulations, your waiting period shall be retained. It might cost you extra but you can always switch to avail more benefits.
Q3. Do I need to buy Iffco Tokio travel insurance policy even if I am young and healthy?
Even if you are young, you cannot predict the future. As we know, life is uncertain and so are circumstances. Imagine the worst case scenario, where the country/city you are going to is hit by a cyclone or any other natural calamities. What if, there is an accidental injury, any medical emergency, any educational intervention and so many other uncertainties, which can ruin your time and money. In such cases, Iffco Tokio travel insurance policy will offer your consolation in the form of financial security.
It will offer required help in case of loss of passport, loss of checked-in baggage, medical emergency, theft, trip cancellation, and likewise.
Q4. Can I check Iffco Tokio claim status on the mobile application?
Yes, you can check the Iffco Tokio claim status for motor claims up to Rs. 20,000 through QCS.
Q5. Can I download Iffco Tokio claim form for health insurance online?
Yes, Iffco Tokio claim form for health insurance plans are available online on the insurer's site.
Q6. What are the steps that you need to follow to buy an Iffco Tokio House Insurance Policy?
- Submit and fill the proposal form by yourself
- Do not hide any information and details about your property at the time of purchase
- Mention the correct value of the property, to avoid disputes at the time of home insurance claims
Q7. Can I download Iffco Tokio Claim Form for motor insurance online?
Yes, you can download the Iffco Tokio claim form for motor insurance online from the insurer’s site.
Q8. What is the coverage limit for IFFCO Tokio travel insurance plans?
There is no fixed amount when it comes to the Iffco Tokio travel insurance policy. The company offers various plans with different coverage options. It also varies on the basis of the sub-limits that are applicable to the policy.
Q9. Can I check Iffco Tokio Claim Status for motor insurance online?
Yes, you can instantly check your Iffco Tokio claim status online for your motor insurance policy using your policy number or claim number.
IFFCO Tokio General Insurance Company - Latest News
Planning on to expanding their business options via insurance across the state and further, J&K Bank has joined hands with IFFCO-Tokio General Insurance, which is a joint venture between Indian Farmers Fertilizer Co-operative (IFFCO) – the biggest cooperative society in the world and Tokio Marine Group – the biggest listed insurance group in Japan on Tuesday.
The agreement between the two pioneer organisations was signed at the corporate office of the Bank in presence of Parvez Ahmed – the Chairman of J&K Bank and Warendra Sinha – Managing Director of IFFCO Tokio, Jun Matsui – Director Operations and Anamika Roy Rashtrawar – Director Marketing of IFFCO Tokio.
M Younis Patoo, the President Insurance – J&K bank signed the Memorandum of Understanding (MoU) on behalf of J&K Bank whilst IFFCO Tokio was represented by Anamika Roy Rashtrawar’s signatures.
IFFCO-Tokio Insurance Service the company offer a new and special benefit that none of the other companies included in the Indian market. The policy provides emergency assistance services this is one of the best IFFCO Tokyo plan benefits. In case the policyholders suffer with a heart attack in the middle of the trip, and when the IFFCO Tokio comes to know about the sudden illness it will help the policyholder to deal with the situation.
IFFCO Tokio helps the policyholder to reach the nearest hospital during medical emergency at free of cost. The company offers policies which are very affordable in comparison to other policies in the market. The market response is very good. It also has easy and simple claim settlement procedure. If you are looking for critical illness cover, you should mention the medical condition you are suffering with.
In case one medical condition arise another medical condition later in life. Hence it is very necessary to be honest with your insurance provider about your existing medical conditions. Many insurers need the customers to go through a medical test before getting the critical illness cover.
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