IFFCO-Tokio Launches Swasthya Raksha Bima


  • Low premium rates.
  • Emergency assistance services covered.
  • Ayush treatment covered up to sum insured.

Gurugram, November 4, 2019: IFFCO-Tokio General Insurance Company Limited, has announced the launch of its new health insurance policy - Swasthya Raksha Bima. It is an extremely affordable health cover for people living in smaller towns and non-metro cities and is launched with a primary objective of easing the burden of hospitalization costs without compromising on the quality of coverage.

Ms. Anamika Roy Rashtrawar, Wholetime Director, IFFCO-Tokio General Insurance Company Limited said during the launch, “Our goal is to provide health insurance to all sections of society. Keeping in view, the specific needs of smaller towns and non-metros, we have launched Swasthya Raksha Bima, a simple health insurance product that has low premium rates.”

The policy offers comprehensive protection for an individual and their family for meeting hospitalization expenses. The policy covers family members consisting of individual, spouse and financially dependent children on a floater basis. The various sum insured options available are from ₹1 lakh to ₹5 lakh.

For a family consisting of 2 adults and 2 children with a sum insured of ₹1 lakh, the basic premium is ₹2,590 per year which is approximately ₹216 per month. For a sum insured of ₹5 lakh, the premium will be ₹6,125 per year which is approx. ₹510 per month.

Considering the average claim size in smaller towns and non-metro cities is much lower, IFFCO-Tokio has designed the product for such customers so that they do not have to pay a higher premium as the cost of healthcare in their town is low. Ms. Pallavi Roy, Head - Products, IFFCO-Tokio General Insurance Company Limited said, “In rural India, claims are mostly for infectious ailments which is one of the reasons for the cost of hospitalization is much lower in smaller cities. We, therefore, decided to pass on the benefit to customers.”

Swasthya Raksha Bima is a comprehensive health insurance plan to protect you and your family from financial worries related to your health.

About IFFCO Tokio General Insurance

IFFCO-Tokio General Insurance Company Limited is a 51:49 joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO), one of the world’s biggest cooperative societies that are wholly owned by Indian Cooperatives, and Tokio Marine Group - the largest listed insurance group in Japan. The company was incorporated on 4th December 2000.

IFFCO-Tokio General Insurance Company Limited offers retail products like motor, health, travel, home, and personal accident insurance and corporate products like property, marine and liability insurance through its wide distribution network of agents, banks, brokers, etc. and its website –www.iffcotokio.co.in.

IFFCO-Tokio General Insurance Company Limited won the 2019 IDC Digital Transformer Award for India for AI-based claim assessment of damaged vehicles.  The company was selected from 1000 entries received across the Asia Pacific.