3 New Health Policies

New Delhi, 26th May 2014: IFFCO-TOKIO General Insurance Co. Ltd. launched three Health Insurance Policies namely - Health Protector, Family Health Protector, and Health Protector Plus. Health Protector is Individual Sum Insured based Policy whereas Family Health Protector is a floater policy with a sum insured up to Rs. 20 Lakhs and Rs. 30 Lakhs respectively. Under both the policies, one may cover any number of relatives living together as a family and can also opt for additional matching Sum Insured for critical illnesses. Health Protector Plus is a Top Up policy. The policy operates on the concept of a deductible (usually opted in accordance with one's existing insurance coverage through an employer or personal arrangements, or based upon one's risk-bearing/sharing capacity), and offers indemnity beyond the opted deductible. The policy offers two variants – where the deductible operates on ‘per event’ basis or ‘per policy’ basis. This policy is available even to persons who have a history of Diabetes and/or Hypertension as also obesity (within stipulated parameters). And this is not all. At a small premium charge, the policy also offers an option for waiver of deductible for a maximum period of 90 days, in case of change/loss of job of the insured. The policy also offers to insured an option to take base cover after running the policy for four years in succession without claim. For these policies, IFFCO Tokio will provide a cashless claim facility at over 4000 hospitals across India. Unveiling the new products Mr. Yogesh Lohiya, Managing Director, IFFCO-TOKIO General Insurance, said, “With these policies, IFFCO Tokio has a complete bouquet of Health Insurance products suiting and catering to the varied needs of the customer. Our health products offer a unique gamut of benefits for the customer and his family with an option for critical illness covers for himself and to his extended family as well. The product design ensures that a comprehensive cover is available to offer protection for the family’s overall health insurance needs so that they have enough reasons to keep smiling. All our Health Insurance Products also provide a unique feature of Emergency Medical Assistance Services. This would include – medical consultation, evaluation and referral, emergency medical evacuation and Return of Mortal Remains.” About IFFCO TOKIO General Insurance Co. Ltd. IFFCO Tokio General Insurance Company is a joint venture promoted by Indian Farmers Fertiliser Co-operative (IFFCO), India Potash (IPL) and Tokio Marine and Nichido Fire, the largest insurance company in Japan. IFFCO Tokio has, in the financial year 2013-14 underwritten a premium of Rs 29919 Million with a Profit before Tax of Rs.3225 Millions and is the third-largest Private General Insurance company in the country. IFFCO Tokio is operating from a widespread network of more than 170 offices across the country and some more in the pipeline for the coming year.