Iffco Tokio
vs
Magma Health

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Iffco Tokio vs Magma Health

Iffco Tokio

Established in 2000 through a joint venture between Indian Farmers Fertilizer Cooperative Limited (IFFCO) and Japan& 039;s Tokio Marine Group, IFFCO Tokio General Insurance Company provides extensive health insurance. They offer diverse plans to individuals and families, aiming to mitigate financial burdens from medical treatments. Notably, they have a strong presence in India& 039;s rural, Tier 2, Tier 3, and Tier 4 towns.

Magma Health

Magma HDI General Insurance Company Limited, a joint venture between Magma Fincorp Limited and HDI Global SE Germany, serves over 4.5 million customers. They offer comprehensive, affordable health insurance alongside 30+ products across motor, marine, and fire insurance, addressing diverse customer needs for many years.

COMPANY DETAILS Edit

Iffco Tokio

Edit

Magma Health

Number of health insurance plans
Sum insured

Sum Insured

Up to 1 Crore

Sum Insured

Up to 3 CR
Claim ratio

Claim Ratio

90.65%

Claim Ratio

94.72%
Network hospitals

Network Hospital

7000+

Network Hospital

8400+
Solvency Ratio

Solvency Ratio

1.7

Solvency Ratio

2.1
Pan India Presence

Pan India Presence

63

Pan India Presence

95
Claim Form

Claim Form

-

Claim Form

-

Know More About Companies

Overview

Established in 2000 through a joint venture between Indian Farmers Fertilizer Cooperative Limited (IFFCO) and Japan& 039;s Tokio Marine Group, IFFCO Tokio General Insurance Company provides extensive health insurance. They offer diverse plans to individuals and families, aiming to mitigate financial burdens from medical treatments. Notably, they have a strong presence in India& 039;s rural, Tier 2, Tier 3, and Tier 4 towns.

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IFFCO Tokio Health Insurance

Individual and Family Health Insurance

Family Health Protector by IFFCO Tokio is a comprehensive policy that covers your family from medical expenses in times of need at an affordable price...

Unique Features

  • Restoration of the Sum Insured
  • Coverage Against Terrorism
  • Emergency Assistance Service

Family Health Protector Policy (Pros)

Family Health Protector Policy
  • Income Tax benefits.Hassle free claims
  • 4000 network hospitals

Family Health Protector Policy (Cons)

Family Health Protector Policy
  • Pre-Existing Diseases
  • Illegal activities
  • Self-harm

Family Health Protector Policy (Other Benefits)

Family Health Protector Policy
  • Medical Consultation
  • Emergency Cash
  • Modern Treatment

Family Health Protector Policy (Eligibility Criteria)

Family Health Protector Policy
  • 18 to 65 Years

Individual and Family Health Insurance

IFFCO TOKIO Mos Bite Protector Policy provides a lump sum amount on the diagnosis of the vector-borne diseases covered by the policy. Mos bite protect...

Unique Features

  • Coverage for 7 diseases
  • Family coverage
  • Up to 1 lakh SI

IFFCO TOKIO MOS-Bite Protector Policy (Pros)

IFFCO TOKIO MOS-Bite Protector Policy
  • Lumpsum SI up to 1 Lakh
  • Dengue Cover
  • Malaria Cover

IFFCO TOKIO MOS-Bite Protector Policy (Cons)

IFFCO TOKIO MOS-Bite Protector Policy
  • Adventure Sports injury
  • illegal activities
  • self-inflicted injuries

IFFCO TOKIO MOS-Bite Protector Policy (Other Benefits)

IFFCO TOKIO MOS-Bite Protector Policy
  • High sum insured
  • Covers entire family
  • Zika Virus Cover

IFFCO TOKIO MOS-Bite Protector Policy (Eligibility Criteria)

IFFCO TOKIO MOS-Bite Protector Policy
  • Min entry age - 18 Years
  • Max entry age - 65 Years
  • Sum Insured - Up to 1 L
  • Initial Waiting Period - 30 Days

Magma Health Insurance

Individual and Family Health Insurance

Magma HDI One Health insurance policy is a versatile health plan with 5 different plan variants and high-sum insured options ranging between 2 Lakhs t...

Unique Features

  • SI Up To 2 Crore
  • Voluntary Co-pay
  • CI & PA Coverage

Magma HDI One Health Insurance Plan (Pros)

Magma HDI One Health Insurance Plan
  • SI upto 2 Crore
  • Voluntary co-pay
  • CI & PA coverage

Magma HDI One Health Insurance Plan (Cons)

Magma HDI One Health Insurance Plan
  • Global coverage not covered
  • No automatic restoration
  • AYUSH cover not available

Magma HDI One Health Insurance Plan (Other Benefits)

Magma HDI One Health Insurance Plan
  • Lifelong renewality option
  • Give coverage for all medical care
  • Voluntary Co-Pay

Magma HDI One Health Insurance Plan (Eligibility Criteria)

Magma HDI One Health Insurance Plan
  • Minimum: 18 Years Children: 91 Days to 26 Years
Raj Kumar

Reviewed By: Raj Kumar

With over 12 years of rich experience in the BFSI domain, with a specialisation in Life and Health Insurance, I have played a pivotal role in simplifying the insurance-buying process and delivering unparalleled service.