The Indian Farmers Fertilizer Co-operative (IFFCO) and its associates, Tokio Marine and Nichido Fire Group, came together in the year 2000 to form the IFFCO-Tokio General Insurance Company. It offers a range of customised products like health insurance, motor insurance, travel insurance, home insurance, business insurance, etc. Hence, it is one of the few private general insurance companies with a large customer base. It is also the only company to run a distribution channel named IFFCO-Tokio Insurance Services Limited to provide services to the customers.
Health Insurance Plans offered:
The purpose of a health insurance plan is to protect oneself and one’s family from an unexpected illness or injury. IFFCO-Tokio provides health insurance plans for individuals as well as families. The insurance policies cover hospitalisation expenses, medical expenses, surgical expenses, etc. The policies also offer optional covers like a critical illness cover that helps policyholders when he/she is diagnosed and is to be treated for a serious medical condition. The company also has a personal accident insurance policy that provides financial help when one meets with a serious accident that temporarily or permanently injures the person. The aim of the company is to lend a helping hand to policyholders in times of medical exigencies that could affect the person or the family members.
IFFCO-Tokio Premium Payment Channels:
IFFCO-Tokio has four premium payment modes that policyholders can choose from to make payments towards the renewal of the policy.
Online Premium Payment:
IFFCO-Tokio has the option of paying premiums and renewing policies online, in a convenient way that allows customers to pay premiums with just a few clicks. The policyholder who wishes to pay the premium or renew the policy has to simply access the IFFCO-Tokio website, navigate to the health insurance category and click on ‘renew online’. To make the payment, the policy number has to be entered in the space given. The payments can be made by debit cards, credit cards, or net banking. Thus, with a few simple steps, hassle-free payment can be made through the official website.
IFFCO-Tokio has a mobile portal through which the premium payment or policy renewal for specific health insurance policies can be made. The mobile portal can be accessed by the major platforms- iOS, Android, Windows, and Symbian enabled phones. The payment can typically be made using debit cards, credits, or net banking too.
At a Branch:
Those who do not have the convenience of the internet or have a branch office nearby can choose to pay the premium at the company branch too. Payments towards the premium or renewal of policy can be made by cash, card or cheque.
An option to make the payment via post is also available. The customer will have to furnish details regarding the policy like the product type and the policy number and attach a cheque or a draft to make the payment. The post will have to be sent to the branch office in Gurgaon, Haryana.