What is Group Mediclaim Policy?

Group Mediclaim Policy offers productive ways of tackling illnesses and the costs involved with such diseases. The reason why this policy can be a good option if you intend to buy business insurance for yourself is that this policy offers coverage to various kinds of groups, associations, cooperate bodies or institutions. This policy can cover up to 50 persons under one plan.

Such online business insurance policies offered by IFFCO-Tokio are given as per the guidelines issued by IRDA. Other than this, the policy is offered to the insured people only when such group, association, corporate bodies or institution provides a schedule of a number of members that need to be insured under this plan.

What are the advantages of buying Group Mediclaim Policy?

As the name suggests, this policy can be used to ensure a number of people at once under the same policy, thus making it a viable form of online business insurance. There are various reasons why this policy is affordable for office employees, as well as an extremely affordable choice when it comes to cheap business insurance options. Here are the advantages:

What does the policy cover?

There are a number of reasons to choose Group Mediclaim Policy offered by IFFCO Tokio, a lot of which gets highlighted in the business insurance reviews by existing customers. Whether you are concerned about the coverage offered to your family or the ambit of this policy as business insurance cover, there is nothing to worry about. Here is all of what IFFCO Tokio’s Group Mediclaim Policy covers:

Various hospitalization charges are included in this policy.

  • This policy covers the cost of diagnostic expenses incurred, the consumables required and the costs incurred for medicines required by you.
  • The policy also offers cover for pre-hospitalization and post-hospitalization costs.
  • Daycare treatment and domiciliary hospitalization are also covered by IFFCO Tokio’s Group Mediclaim Policy.

What does the policy not cover?

As the name suggests, this policy can be used to ensure a number of people at once under the same policy, thus making it a viable form of online business insurance. There are various reasons why this policy is affordable for office employees, as well as an extremely affordable choice when it comes to cheap business insurance options. Here are the advantages:

  • Expenses for vitamins and tonics will not be covered unless they are a part of the treatment.
  • Experimental or non-proven methods of treatment procedures will not be covered under our policies.
  • Expenses incurred by you for procedures or investigation for things that are not related or irrelevant to the disease that caused the hospitalization.
  • Private nursing charges, expenses of the private doctors or any other similar things will not be covered under IFFCO Tokio’s Group Mediclaim Policy.
  • Costs for disorders transmitted through genes and costs for stem implantation or other things will not be covered under our policy.
  • Costs of non-medical nature, such as costs for telephones and other services will not be covered by our policies.
  • Change of treatment from one place to another place will not be covered by us unless recommended for treatment.
  • Treatment for conditions and illnesses arising out of obesity, weight management problems, supplies, etc. will not be offered by us.
  • Treatments or medical expenses arising out of the insured person or persons’ participation in but not restricted to scuba diving, motorsport races, climbing mountains or rock climbing, paragliding, etc. will not be covered by us.
  • Any treatment or expenses incurred by the insured person at a convalescent home or hospital, nature care hospitals or any other similar kind of establishments will not be offered by us.
  • Stay in hospitals for domestic reasons where no active treatment has been provided by the hospital to the insured person or persons will not be covered by us.
  • Costs incurred for sex-change operations, out-patient diagnostic operations, use of non-prescribed drugs and medicines, hormone replacement therapy, etc. will not be covered by us.
  • Massages, steam bathing or any other kind of ayurvedic treatment will not be offered by us.
  • Any kind of service charges such as admission fees, surcharges, registration fees, etc. will not be covered under our policies.
  • Pre-hospitalization or post-hospitalization charges for doctor’s home visits. Costs incurred by private nurses and attendants etc. will not be covered under our policy either.
  • Treatment and costs incurred by you, which is not related to the disease or illness that caused the hospitalization will not be covered by us.

What does the policy not cover?

The policy does not cover the following things:

  • Self-injury, suicide, insanity or venereal diseases.
  • Issues that are arising out of intoxication, substance abuse or use of drugs.
  • Death due to childbirth or pregnancy is not covered under our policy.
  • Issues arising out of contempt of law, the involvement of nuclear weapons or armed forces are not covered under our policy

What the policy covers?

The following types of coverages are offered under a Personal Accident policy:-

  • Table D.
  • Table C.
  • Table B.
  • Table A.

The insured can claim only under any one of these sections as a result of any one accident.

The policy also covers expenses incurred for the carriage of dead body from place of accident to the residence subject to a limit of 2% of the capital sum insured or Rs.2,500 whichever is less. Under an Individual Personal Accident policy or Family Package Policy, an education fund is payable for a maximum of 2 dependent school-going children, in case of death or permanent total disablement of the insured person.