IFFCO Tokio Launches MOS-BITE Protector Policy
IFFCO Tokio General Insurance has announced the launch of its new health insurance plan- MOS-BITE Protector Policy. It is a benefit plan which pays you a lump sum amount on diagnosis of vector-borne diseases at an affordable premium.
Vector-borne diseases are illnesses, which are caused by viruses, bacteria, and parasites that are transmitted by mosquitoes. According to the World Health Organization, Malaria causes more than 400 000 deaths every year globally. Similarly, the major vector-borne diseases account for around 17% of all infectious diseases.
Ms. Pallavi Roy, Head - Products, IFFCO-Tokio General Insurance Company Limited said, “There has been an increase in the number of claims relating to vector-borne diseases. With the rise in medical inflation, the treatment costs for these diseases have also gone up. Hence we have launched the product to provide financial support to our customers."
The insurance plan pays you the sum insured in case the policyholder gets hospitalized for a continuous period of 48 hours due to any of the following seven diseases: 1) Dengue fever 2) Malaria 3) Lymphatic Filariasis 4) Kala-azar 5) Chikungunya 6) Japanese Encephalitis 7) Zika Virus.
The insurance policy is available to an adult between 18 and 65 years of age without any medical tests. For a child, the cover is available from an entry age of 91days to the maximum age of 23 years. The sum insured options are available up to Rs 1 lakh in multiples of Rs 5,000.
For the sum insured of ₹5000, the basic premium for an individual is as low as ₹44 for one year and for the maximum sum insured of ₹1 lakh the premium is ₹876. The policy is also available for the long term period of 2 years and 3 years and the premium is not dependent on age.
The policy offers protection from vector-borne diseases by providing coverage to you and your family members consisting of spouse, children, brothers, sisters, parents, and parents in law.
About IFFCO-Tokio General Insurance Company Limited
IFFCO-Tokio General Insurance Company Limited is a 51:49 joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO), one of the world’s biggest cooperative societies that are wholly owned by Indian Cooperatives, and Tokio Marine Group - the largest listed insurance group in Japan. The company was incorporated on 4th December 2000.
IFFCO-Tokio General Insurance offers retail products like motor, health, travel, home, and personal accident insurance and corporate products like property, marine and liability insurance through its wide distribution network of agents, banks, brokers and its website – www.iffcotokio.co.in.
IFFCO-Tokio General Insurance won the 2019 IDC Digital Transformer Award for India for AI-based claim assessment of damaged vehicles. The company was selected from 1000 entries received across the Asia Pacific.
