IFFCO-TOKIO launches Swasthya Kavach

Company Brief

New Delhi, August 18, 2009

IFFCO - TOKIO General Insurance Co. Ltd., today launched a health insurance product “Swasthya Kavach”, a family health policy with a difference. This is one of the most price competitive family floater policy, having critical illness as top up cover on a single Sum Insured basis, i.e. Critical Illness cover is also available on floater basis. Other unique features of the policy include

* Selection of Sum Insured based on treatment cost basis (Basic sum insured for general ailments requiring inexpensive treatments and a higher sum insured for only expensive treatments such as Coronary Artery Diseases like heart attack, Cancer, major Organ transplant, etc.)

* Continuation of Critical Illness cover in subsequent renewals even after detection of such an illness and

* Emergency medical Assistance without limit of sum insured which offers Medical Consultation, Evacuation even by air ambulance, Medical Repatriation, etc.

Swasthya Kavach is available under two plans – Base Plan and Wider Plan, the main coverage under both the plans are as following:

* Hospitalization expenses including Doctor’s fees, operation charges, room and nursing charges, cost of medicines, diagnostics tests etc.

* 121 defined day care surgeries providing coverage for treatment requiring admission in hospital for less than 24 hours

* Pre-existing disease coverage after 4 continuous years of policy with IFFCO TOKIO

* Daily allowance

* Emergency medical assistance

The additional coverage under the Wider plan are:

* 10 specified critical illness cover available as an optional extension for the entire family ( The 10 named critical illnesses under this policy are: Paralytic Stroke, Cancer, Renal failure, Coronary artery disease, Major organ transplant, Major injuries. End stage liver disease, Major burns, Coma, Multiple sclerosis)

* Cumulative bonus of 5% on every claim free year subject to a maximum of 50 %

* Family health check up after every block of 4 claims free years

At the launch of Swasthya Kavach, Mr. S Narayanan, Managing Director and Chief Executive Officer, IFFCO Tokio General Insurance, pointed out, “IFFCO Tokio has consistently been designing products that effectively take care of the health insurance needs of its customers. Swasthya Kavach offers benefits which are appropriate during health related contingencies. At a time of rising medical expenses, a health insurance product that takes care of one’s worries has become a necessity. I am confident that the unique benefits of Swasthya Kavach will appeal to the customers.”

Unveiling the new product, Mr. N K Kedia, Director- Marketing, IFFCO Tokio General Insurance, said, “IFFCO Tokio’s Swasthya Kavach is a result of IFFCO Tokio’s continuous efforts for research and development in the field of product innovations. I am sure that this product will help to develop insurance awareness in the market as it also covers all types of epidemic including Swine Flu. Indian insurance market needs many simple package products and this is our one step forward related to health insurance. IFFCO Tokio has earmarked health as one of the prime focus area for development of Insurance business in line with the need of the nation. Indian health industry is presently at Rs 6625 crores (about 20% of overall Insurance Market) which is likely to grow exponentially over the years. We are committed to provide Hassle Free Claim services to our customers through cashless claim facility in over 4000 hospitals across India for Swasthya Kavach Policy. Our other health insurance products are Individual Medishield, Critical Illness Policy and Comprehensive Accidental Hospitalization Policy.”

For further information, please contact:

Genesis Burson Marsteller

Shankhadipa Talukdar

Mobile: +91 99999 56546

Email: shankhadipa.talukdar@bm.com