Iffco Tokio vs Magma Health Health Insurance 2026 | PolicyX
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Overview

IFFCO Tokio General Insurance Company, established in 2000 as a joint venture between Indian Farmers Fertiliser Cooperative Limited and Tokio Marine Group, offers a range of health insurance plans for individuals and families. These plans are designed to cover key medical expenses, including hospitalization, day care treatments, and pre- and post-hospitalization costs, helping reduce the financial burden during medical emergencies. For customers, the insurer provides access to cashless treatment at network hospitals, flexible sum insured options, and add-ons such as critical illness cover depending on the plan. Its strong presence across rural and Tier 2, 3, and 4 towns also improves accessibility, ensuring that policyholders can easily purchase, renew, and use their health insurance across different parts of India.
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

95.82%

Claim Ratio

94.72%
Network hospitals

Network Hospital

8000+

Network Hospital

8400+
Solvency Ratio

Solvency Ratio

1.85

Solvency Ratio

2.02
Pan India Presence

Pan India Presence

63

Pan India Presence

95
Claim Form

Claim Form

Available

Claim Form

Available
Annual premium (company level)

Annual premium (company level)

904.70 Crore

Annual premium (company level)

742.77 Crore
Years in operation

Years in operation

2000

Years in operation

2012
24×7 claim support

24×7 claim support

No

24×7 claim support

Yes
IRDAI registration number

IRDAI registration number

106

IRDAI registration number

149
Claims settled within 3 months

Claims settled within 3 months

89.37

Claims settled within 3 months

96.84
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IFFCO Tokio Health Insurance

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IFFCO Tokio Health Insurance

Most popular
Individual and Family Health Insurance

Family Health Protector Policy

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

  • Restoration of the Sum Insured
  • Coverage Against Terrorism
  • Emergency Assistance Service
  • Income Tax benefits
  • Hassle-free claims
  • 4000+ network hospitals
  • Pre-Existing Diseases
  • Illegal activities
  • Self-harm
  • Medical Consultation
  • Emergency Cash
  • Modern Treatment
  • 18 to 65 Years
View plan
Individual and Family Health Insurance

IFFCO TOKIO MOS-Bite Protector Policy

IFFCO TOKIO MOS-Bite Protector Policy provides a lump sum amount on the diagnosis of the vector-borne diseases covered by the poli...

  • Coverage for 7 diseases
  • Family coverage
  • Up to 1 lakh SI
  • Lump sum Sum Insured up to 1 Lakh
  • Dengue coverage
  • Malaria coverage
  • Adventure sports injuries
  • Illegal activities
  • Self-inflicted injuries
  • High Sum Insured options
  • Family coverage
  • Zika Virus coverage
  • Minimum entry age: 18 years Maximum entry age: 65 years Sum Insured: Up to 1 Lakh Initial waiting period: 30 days
View plan

Magma Health Insurance

Most popular
Individual and Family Health Insurance

Magma HDI One Health Insurance Plan

Magma HDI One Health insurance policy is a versatile health plan with 5 different plan variants and high sum insured options rangi...

  • SI Up To 2 Crore
  • Voluntary Co-pay
  • CI & PA Coverage
  • SI up to ₹2 Crore
  • Voluntary Co-pay
  • CI & PA coverage
  • Global coverage not covered
  • No automatic restoration
  • AYUSH cover not available
  • Lifelong renewability option
  • Provides coverage for all medical expenses
  • Voluntary Co-Pay
  • Minimum: 18 Years Children: 91 Days to 26 Years
View plan

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Expert Reviewed

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.

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