Buy best health insurance plans from IFFCO Tokio for whole family.
A comprehensive health plan for individuals
Health insurance or medical insurance is a type of insurance that offers coverage against a range of medical, surgical, prescription drug and dental expenses you may face when you fall sick or meet with an accident.
A good health insurance policy covers you for a wide range of expenses that include hospitalisation charges, pre- and post-hospitalisation costs, day care treatments, laboratory services, prescription drugs, and ambulance changes. You also receive coverage for AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy). You can avail the coverage of your medical insurance policy either cashless at a network hospital or through the reimbursement of bills you have already paid.
Health insurance is an important means of safeguarding your finances during a medical emergency. Let’s take a look at some major benefits of having a health insurance policy.
Extensive coverage for medical expenses
From pre-and post-hospitalisation coverage to coverage for ambulance charges, day care procedures, and AYUSH, a health insurance policy goes above and beyond to ensure you get holistic coverage during a medical emergency.
Protection of savings
You do not need to dip into your bank account or sell family assets to pay for life-saving medical treatments. Your health insurance policy will help you afford the best in healthcare without pinching the pocket.
Cashless facility
With a health insurance policy, you no longer need to worry about arranging large sums of cash for treatment at the eleventh hour. You can get planned and emergency treatment done cashless at network hospitals.
Tax benefits
According to Section 80D of the Income Tax Act 1961, the premium paid towards your health insurance policy is eligible for tax deductions.
No claim bonus (NCB)
Not made any claims in the policy year? Your health insurance policy offers you a benefit called the ‘no claim bonus’ which sees you get an increase in your medical insurance policy’s sum insured at no extra cost.
Peace of mind
With a health insurance policy at hand, you can be rest assured breathe easy and focus on what really matters –i.e. rest and recovery.
With a wide network of cashless hospitals and proven excellence in service, IFFCO-Tokio General Insurance Co. Ltd. is a trusted name in the field of health insurance in India. We offer affordable health insurance plans that are customisable so you get the exact coverage you need as per your requirementfor peace of mind.
| Features | Benefits of IFFCOTokio |
|---|---|
| Sum Insured | Up to Rs. 30lakhs |
| Room Charges Covered | Up to actuals |
| ICU Charges | Up to actuals |
| Hospitalisation Ambulance Charges | Up to Rs.2,500 |
| Daily allowance cover | Up to Rs.1000 per day |
| Co-pay | Nil |
| Critical Illness | Covered |
| No medical test upto | Upto 60 years |
| Reinstatement Benefit | Available |
| Day Care Cover | 160+ procedures covered |
| Online Renewal | Available |
| Lifelong renewal | Yes |
| Tax Benefit under 80D | Available |
| Cashless Treatment | Available at 6400+ hospitals |
| Covid-19 Treatment | Covered |
| Claim Assistance | With 24/7 customer service |
| Pre and Post Hospitilisation Expenses | Covered |
| Nursing Expenses | Covered |
| Members covered | Self, spouse,dependent parentsand children, brother, sister, brother-in-law, sister-in-law, nephew, niece or any other relativewho is dependent or relatives living together |
Health insurance plans are divided into different types based on the way they offer coverage. Let’s take a look at the types of health insurance plans you can buy from IFFCO Tokio –
Coverage for treatment expenses (Cashless or Reimbursement)
This is also called indemnity-based health insurance. Under an indemnity-based medical insurance plan, you can either claim cashless hospitalisation or ask for reimbursement for hospitalisation costs up to the sum insured within policy limits. You can also make a claim for associated costs like pre- and post-hospitalisation costs, ambulance charges, day care services, prescription drugs, and so on in this medical insurance policy.
Lump sum payout
This is also called as a benefit-based plan. This type of medical insurance policy pays you a defined benefit amount as a lump sum upon diagnosis of any of the diseases covered. Critical illness insurance is an example of a benefit-based plan. This lump sum you get from this medical insurance policy can be used for any expenses you face during your illness, such as medical costs, household expenses, and other bills.
Extra coverage on top of existing plan
This is also called a top-up plan. A top up health insurance plan helps to supplement the coverage you already have from your existing health insurance. You can take a top up medical insurance policy for extra coverage for medical expenses.
Health insurance plans are divided into different types based on the way they offer coverage. Let’s take a look at the types of health insurance plans you can buy from IFFCO Tokio –
Coverage for treatment expenses (Cashless or Reimbursement)
This is also called indemnity-based health insurance. Under an indemnity-based medical insurance plan, you can either claim cashless hospitalisation or ask for reimbursement for hospitalisation costs up to the sum insured within policy limits. You can also make a claim for associated costs like pre- and post-hospitalisation costs, ambulance charges, day care services, prescription drugs, and so on in this medical insurance policy.
Lump sum payout
This is also called as a benefit-based plan. This type of medical insurance policy pays you a defined benefit amount as a lump sum upon diagnosis of any of the diseases covered. Critical illness insurance is an example of a benefit-based plan. This lump sum you get from this medical insurance policy can be used for any expenses you face during your illness, such as medical costs, household expenses, and other bills.
Extra coverage on top of existing plan
This is also called a top-up plan. A top up health insurance plan helps to supplement the coverage you already have from your existing health insurance. You can take a top up medical insurance policy for extra coverage for medical expenses.
Secure your finances and live with peace of mind by signing up for our individual health insurance plans. Enjoy Avail expansive coverage for hospitalization costs, pre-and post-hospitalization charges, ambulance fees, AYUSH and a whole lot more. Best of all, there is lifetime renewability. Stay secured and live life to the fullest.
Offer your loved ones the protection of health insurance as well. Our family health insurance plans allow you to cover yourself, your spouse, dependent children, parents, and even other blood relatives too. With that kind of holistic protection, you can focus on making each day count with happy memories, knowing your health insurance is there to protect you.
IFFCO Tokio offers a range of health insurance plans that have been designed to holistically cover you and your loved ones. Choose the medical insurance policy that suits your needs, customise your coverage, and then rest assured that we will be there for you when you need us. Always.
| Features | Individual Health Protector Policy (IHP) | Arogya Sanjeevani Policy (ASP) |
|---|---|---|
| Sum Insured | Up to Rs.20 lakhs | Up toRs. 5 lakhs |
| Room Charges Covered | Up to actuals | Maximum Rs.5,000/- per day |
| ICU Charges | Up to actuals | Maximum Rs.10,000/- per day |
| Hospitalisation Ambulance Charges | Up to Rs.2,500 | Up to Rs. 2,000 |
| DailyCash | ✔ | ✖ |
| Home Healthcare | ✔ | ✖ |
| Critical Illness | ✔ | ✖ |
| No medical test upto | Upto 60 years | Upto 55 years |
| Reinstatement Benefit | ✔ | ✖ |
| Day Care Cover | 160+ diseases | 12 diseases and upto 50% of sum insured |
| Online Renewal | ✔ | ✖ |
| Lifelong renewal | ✔ | ✔ |
| Tax Benefit under 80D | ✔ | ✔ |
| Cashless Treatment | ✔ | ✔ |
| Covid-19 Treatment | ✔ | ✔ |
| 24/7 Claim Assistance | ✔ | ✔ |
| Pre and Post Hospitilisation Expenses | ✔ | ✔ |
| Nursing Expenses | ✔ | ✔ |
| No Co-Pay | ✔ | ✖ |
| Health Checkup | ✔ | ✖ |
| Wellness Program | ✔ | ✖ |
Our health insurance policies offer holistic coverage against a wide range of medical procedures. Now, you can rest assured that your treatment costs will be covered by an insurer who truly understands. The coverage from your IFFCO Tokio health insurance plan includes but is not limited to the following -
Hospitalisation charges
Receive coverage for hospital room rent, consultation charges, surgical procedures, and more from your medical insurance plan when you undergo treatment.
Pre and post-hospitalisation expenses
Get covered for pre- and post-hospitalisation medical expenses for true peace of mind.
Day-care procedure
Our medical insurance plans include coverage for a wide-range of pre-planned day care procedures such as tonsillectomy, cataract, and more.
Laboratory services
Our health insurance plans also cover the various tests and X-Ray services that may be required during your treatment.
Prescription Medicines
Get covered for any prescribed medicines that you need to take during the course of your treatment from our medical insurance plans.
AYUSH
Alternative treatments such as Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy are covered by our health insurance policies.
Ambulance charges
Our health insurance plans cover ambulance charges as well for your trips to the hospital.
Pre and Post Hospitalisation Expenses
Both your pre- as well as post-hospitalization expenses will be covered under our health insurance policies.
Critical illness
Get financial protection from life-threatening illnesses such as cancer, stroke, open heart surgery, major burns, etc.
Our health insurance policies will not provide coverage for the following –
Cosmetic treatments
Medical procedures to enhance the appearance are not covered. However, in case of an accident or injury when plastic surgery is a requirement, coverage is given.
Pre-existing medical condition
These conditions are covered in our medical insurance plans only after the waiting-period which usually ranges from 3 to 4 years.
Pregnancy-related conditions
Childbirth and lawful terminations are also considered as pre-existing conditions and therefore they have a waiting period before coverage is given.
Injuries caused due to self-harm or suicide attempt
Any injuries and medical expenses arising from such incidents are not covered by our medical insurance plans.
Injuries suffered due to war, nuclear explosion
Such instances are not covered by most insurance policies including health, life and, motor insurance.
Intentional injuries and congenial diseases
This is another common exclusion under most medical insurance plans.
At IFFCO Tokio, we have health insurance plans for everyone. Whether you are seeking coverage just for yourself or for your whole family, we have the perfect medical insurance plans for you. Best of all, you can customize your coverage for holistic protection and peace of mind.
Coverage for one
Live life carefree with the backing of our individual health insurance plans. Enjoy holistic coverage for room rent, pre-and post-hospitalization charges, ambulance charges, and a whole lot more. Begin by exploring our plans and choosing the right sum insured. Once you find the coverage that suits your requirement and budget, get your plan with a few clicks on our website. Fill up your details online and get your coverage in a few minutes!
This plan offers coverage for hospitalization costs as well as pre-and post-hospitalization costs for peace of mind. Read More
This plan covers a wide range of medical costs like daycare surgeries and nursing expenses and also gives the insured a daily allowance. Read More
Get coverage for a wide range of critical illnesses through this lump sum benefit-based health insurance plan for individual coverage. Read More
Coverage for your loved ones
Keep your loved ones secured with our family floater health insurance plans that cover pre-and post-hospitalization expenses, daycare surgeries, vaccination expenses, and AYUSH. When buying family health insurance plans, remember to choose a sum insured that will suffice for all members covered. Ensure that everyone – even the youngest and eldest family members – gets coverage.
Protect your loved ones with this family health insurance plan that comes with daily cash allowance and even has reinstatement of the sum insured. Read More
Get complete protection with options of top-up and super top-up as well as waiver of the deductible on payment of additional premium. READ MORE
Get a sum insured up to Rs 1 crore for complete coverage for your whole family against critical illnesses. READ MORE
The sum insured plays a huge role in determining how effective your health insurance plan is. Therefore, the sum insured must be chosen with great care. Else, you could end up being underinsured (having lesser coverage than you require) or overinsured (paying unnecessarily for more coverage than you need). To select the appropriate sum insured, simply take the following factors into account –
Your age plays an important role in deciding how much coverage you need. In your 20s, you can manage with a lower sum insured than in your 50s.
If you are at possible risk of certain diseases, you may want a higher sum insured. If you are buying a family health insurance plan, ensure that the sum insured will suffice for all members.
If you already have certain health conditions that necessitate frequent and costly treatment, you may want a higher sum insured.
Residents of metropolitan cities generally face higher costs of medical treatment than those who live in smaller towns. Choose the sum insured in proportion with the costs of treatment in your city.
Ensure that you can afford your health insurance premiums in your income. Choose the sum insured that has a premium which fits in your budget.
Finally, make sure that your sum insured and its resulting premium fit well within your overall goals of financial planning.
The novel coronavirus is an infectious disease that has affected every corner of the world. According to several leading medical experts, people who are young in age and test positive for COVID-19 will experience mild to moderate symptoms such as loss of taste, smell, and respiratory problems. Older people, however, have to be more careful since they are at higher risk of getting infected by COVID-19, especially if they have existing health issues such as diabetes, cardiovascular disease, chronic respiratory disease, or cancer. This is why policyholders are worried about whether their insurance plans cover medical expenses for coronavirus. If you are thinking about the same, do not worry. Our health insurance plans do provide coverage for medical expenses due to COVID-19.
Here is a list of our plans that cover COVID-19:
As per the applicable tax laws, Section 80D of the Income Tax Act states that the premium you pay for your health insurance policy can be claimed as tax deductibles. Here is a closer look at how you can claim tax deductions:
Tax Deduction of Rs. 25,000
If you buy a health insurance policy for yourself, your spouse, children, and parents who are under the age of 60 years, you can get a total tax deduction of Rs. 25,000.
Tax deduction of Rs. 50,000
If you buy a health insurance policy for your parents who are above the age of 60 years, you can get a total tax deduction of Rs. 50,000.
Tax Benefits Rs. 1,00,000
If you buy a health insurance policy for your parents when you are above the age of 60 years, you can get a combined tax deduction of Rs. 1,00,000.
Tax deductions of Rs. 5,000 every year on heath Check-up
You can also get tax deductions of Rs. 5,000 every year on health check-up expenses.
It helps to stay informed of the claims process in advance. This way, you know exactly what to do when you face medical bills and need to get your coverage needs taken care of. Let’s take a quick look at the claims process –
Cashless Claims
If you opt to get treated at any of our 6400+ cashless hospitals, you can avail enjoy the cashless facility. We will settle the bills directly with the hospital. Here is a quick look at the steps involved –
Reimbursement Claims
Just in case you opt to get treated at a non-network hospital, you can claim coverage through reimbursement. In reimbursement, you make the payments on your own for the treatment and then claim the amount from us. Let’s look at the steps involved in reimbursement claims –
You can get hospitalisation insurance through two main types of policies – group Mediclaim and an individual health insurance policy. True to their names, a group policy covers several people whereas an individual health insurance policy covers just one individual. A good example of a group medical insurance policy is the health insurance coverage given by a company to its employees.
The sum insured of a group Mediclaim policy is made available to all who are covered under the plan. Since many people are covered under a single plan, the premium of a group policy is generally cheaper than the premium of an individual policy.
Are there any other differences between group health insurance and an individual policy? Yes, there are. Let’s look at the following comparison table for a better understanding.
| Features | Group Mediclaim (Employer-given health insurance) | Individual Health Insurance |
|---|---|---|
| Members covered | Employees of the organisation | The policy holder who purchases the plan |
| Sum insured | The sum insured is generally lower, could be around Rs.5 lakhs | The sum insured is generally higher, could be as high as Rs.20 lakhs or more |
| Premium | Generally paid by the company though the employee can avail additional benefits at an added cost that may be deducted from the salary | Paid entirely by the insured individual and premiums are generally higher than group plans |
| Coverage tenure | Till employed with the company | Lifelong, provided renewal is done on time |
| Tax deductions | Not applicable | Yes |
| Medical test | Not needed | Usually required after a certain age |
| No claimbonus | Not applicable | Yes |
It is important to bear in mind that a group Mediclaim policy, such as your company-given health insurance, will only cover you as long as you are a working member of that organisation. The moment you retire or change jobs, you lose that protection. Thus, while it is useful to have the coverage of a group Mediclaim plan, you may also want to look into getting your own individual health insurance policy.
Health insurance portability refers to the facility of being able to change your coverage provider without having to give up any accumulated benefit. IFFCO Tokio allows you to port over your coverage easily from your existing health insurance provider. Get in touch with us today if you wish to switch over and we will guide you on the steps you need to take.
The portability of health insurance is really advantageous for you as the customer as it lets you –
✔ Explore plans and switch over to better one
✔ Retain all existing benefits such as no-claims bonus
✔ Leave an insurance provider you are not happy with
In essence, health insurance portability puts YOU in the driver’s seat!
A health insurance premium is the amount that insurance providers charge to their policyholders in order to provide coverage for them. Most health insurance policies require their premiums to be paid annually to remain active. There are many types of health insurance plans, and their premiums would depend on the coverage that they are offering.
Take a look at a few important factors that affect your health insurance premium:
Premiums will usually be higher if you have a family history of a certain illness as you are most likely at risk of that illness too.
As you age, your premiums will most likely increase since advancing age is often accompanied by health issues.
A policy with a longer duration would mean lesser premiums and vice-versa.
The premium may also be affected by the nature of your work and the resulting level of risk you face.
Vices such as smoking lead to a host of health complications. This is why premiums are usually higher for smokers.
People with higher BMI generally have to pay higher premiums as compared to those with a normal BMI.
Premiums can also be impacted by the location in which you stay. For instance, if your area has an unstable climate, you might be charged with higher premiums.
You are more than welcome to visit one of our branches to purchase a medical insurance policy. We will be more than happy to guide you through the entire purchase process. However, in the interest of your time, energy, and convenience, we suggest that you purchase a plan over the Internet. Here are some other good reasons for this.
It’s easier
That’s right, online health insurance is easier to purchase. You just have to open our website and tell us about yourself and your healthcare needs. Based on the information you provide, we will offer you instant medical insurance quotes. You can also choose add-ons and customise the coverage of your plan. After this, you can make the payment and the policy will be yours. The document will be emailed to you and the cover of your health insurance policy will commence.
Saves time
Making a trip to our branch can be a time-consuming process. The trip from your home to our branch/office could take hours, especially if there’s traffic on the way! In comparison, buying health insurance online will only take you a few moments. You can skim through the process and have the health insurance policy in your inbox in a span of minutes. They say time is money and online insurance plans help you save a lot of time by eliminating the need for a branch visit.
Added convenience
When you buy medical insurance online, you can do so at a time and place you are comfortable with. It could be your favourite spot on the couch, in-between meetings at the office, or even while you are travelling. You are not restricted to office hours either – our website is available to you 24 by 7 on all 365 days of the year. You can buy health insurance online at any time of the day or night!
You are more than welcome to visit one of our branches to purchase a medical insurance policy. We will be more than happy to guide you through the entire purchase process. However, in the interest of your time, energy, and convenience, we suggest that you purchase a plan over the Internet. Here are some other good reasons for this.
It’s easier
That’s right, online health insurance is easier to purchase. You just have to open our website and tell us about yourself and your healthcare needs. Based on the information you provide, we will offer you instant medical insurance quotes. You can also choose add-ons and customise the coverage of your plan. After this, you can make the payment and the policy will be yours. The document will be emailed to you and the cover of your health insurance policy will commence.
Saves time
Making a trip to our branch can be a time-consuming process. The trip from your home to our branch/office could take hours, especially if there’s traffic on the way! In comparison, buying health insurance online will only take you a few moments. You can skim through the process and have the health insurance policy in your inbox in a span of minutes. They say time is money and online insurance plans help you save a lot of time by eliminating the need for a branch visit.
Added convenience
When you buy medical insurance online, you can do so at a time and place you are comfortable with. It could be your favourite spot on the couch, in-between meetings at the office, or even while you are travelling. You are not restricted to office hours either – our website is available to you 24 by 7 on all 365 days of the year. You can buy health insurance online at any time of the day or night!
