Health Insurance for Family
Best Health Insurance plans starting @₹5/day *
Health Insurance for Individuals
A comprehensive health plan for individuals
Best Health Insurance plans starting @₹5/day *
A comprehensive health plan for individuals
Get Rewarded
for staying healthy
7500+
Cashless Hospitals
Instant
Claim Settlement
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Save upto ₹ 1 Lakh Tax Deductions
under section 80DA Health insurance policy also called as medical insurance 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 hospital expenses, pre-and post-hospitalization costs, daycare treatments, laboratory services, prescription drugs, ambulance charges & daily allowance benefit. You also get your expenses covered for Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy treatments. The claim for your medical insurance policy can be availed cashless or with the help of bills that you have paid to cover the expenses.
A health insurance policy helps you to stay covered against various illnesses and injuries. Additionally it helps you save taxes upto ₹75,000 under section 80D of Income Tax Act, 1961.
Unlike motor insurance, having a health insurance is not mandatory. However, it is recommended to have a health insurance for you and your family. The reasons why health insurance is important for you and your family includes:
Health insurance protects your saving in case of medical emergency or illness
Helps you in affording quality healthcare despite high cost of treatment
Save Tax upto ₹1,00,000 under section 80D
Provide coverage against Lifestyle diseases like diabetes, heart disease etc.
Provide extensive coverage against rising medical costs
Provide access to Specialized Treatment
Provide access to Cashless Treatment
| Key Features | Benefits of IFFCO-Tokio |
|---|---|
| Sum Insured | Up to Rs. 30 lakhs |
| Room Charges Covered | Up to actuals |
| ICU Charges | Up to actuals |
| Hospitalization Ambulance Charges | Up to Rs.2,500 |
| Daily Allowance Cover | Up to Rs.1,000 per day |
| Co-pay | Nil |
| Critical Illness | Covered |
| No medical test | Upto 60 years |
| Reinstatement Benefit | Available |
| Day Care Cover | 380 procedures covered |
| Online Renewal | Available |
| Lifelong Renewal | Yes |
| Tax Benefit under 80D | Upto 1 Lakh |
| Cashless Treatment | Available at 7500+ hospitals |
| COVID-19 Treatment | Covered |
| Claim Assistance | With 24/7 customer service |
| Pre and Post Hospitalization Expenses | Covered |
| Nursing Expenses | Covered |
| Wellness Benefits | Covered |
Our health insurance policy offers coverage for a wide range of medical expenses which are given below. The benefits provided by IFFCO Tokio are not limited to the following.
Our health insurance policy will not provide coverage for the following-
Cosmetic or Obesity treatment
Pregnancy-related conditions
Injuries caused due to self-harm or suicide attempt
Injuries suffered due to adventure sport, war, nuclear explosion, defence operations
Our customers have rated us
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I have my blind faith on IFFCO Tokio while purchasing health insurance policies
My dad purchased his health insurance from IFFCO Tokio quite easily. Thank you for guiding him properly!
I or anyone that I know of would suggest you to purchase your health insurance from IFFCO Tokio
I am relieved that their health insurance policy covered my son's hospitalization cost when he caught a tropical disease.
The network of hospitals of IFFCO Tokio is widespread. That is why I decided they were the right choice.
Please buy IFFCO Tokio critical illness policy for your parents as they deserve to spend their second innings in good health.
IFFCO Tokio has specifically designed health insurance plans to provide coverage for you and your loved ones. You can also customize health insurance according to your needs. You can be in relief and peace of mind because we will be there for you when you need us.
There are two types of health insurance policies-
These are traditional health insurance plans that provide coverage for your treatment expenses upto the sum insured. Few examples – Family Health Protector Policy, Swasthya Kavach Policy, Individual Health Protector Policy, Individual Medishield Insurance Policy, Swasthya Raksha Bima, Aarogya Sanjeevani Policy and a few others.
This type of health insurance pays you a defined benefit amount as a lump sum upon detection of any of the diseases covered. Few Examples- Critical Illnesses Benefit, Hospital Daily Cash Policy, Mosquito Bite Insurance etc.
| Features | Individual Health Protector (IHP) | Individual Medishield Insurance (IMI) | Arogya Sanjeevani Individual Policy (ASI) |
|---|---|---|---|
| Sum Insured | Up to Rs. 20 lakhs | Up to Rs. 5 lakhs | Up to Rs. 10 lakhs |
| Room Charges | Up to actuals | Up to actuals | Up to Rs.5,000/- per day |
| ICU Charges | Up to actuals | Up to actuals | Upto Rs.10,000/- per day |
| Ambulance Charges | Up to Rs.2,500 | Up to Rs.1,500 | Up to Rs. 2,000 |
| Daily Cash Benefit |  |
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| Domiciliary Hospitalization | |
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| Critical illness extension | |
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| No medical test | upto 60 Years | upto 60 Years | upto 55 Years |
| Reinstatement Benefit | |
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| Cumulative Bonus | 10% | 5% | 5% |
| Maximum Cumulative Bonus | Upto 100% | Upto 50% | Upto 50% |
| Day Care Treatment | |
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| Diseases covered under Day Care | 380+ diseases | 380+ diseases | 12 diseases |
| Online Renewal | |
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| Lifelong Renewal | |
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| Tax Benefit under 80D | |
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| Cashless Treatment | |
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| COVID-19 Treatment | |
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| 24/7 Claim Assistance | |
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| Pre Hospitalization Expenses | Upto 60 Days | Upto 30 Days | Upto 30 Days |
| Post Hospitalization Expenses | Upto 90 Days | Upto 60 Days | Upto 60 Days |
| Nursing Expenses | |
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| No Co-Pay | |
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5% co-pay for every claim |
| Health Checkup | |
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| Wellness Program | |
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| Organ Donor Coverage | |
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| AYUSH Coverage limit | |
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| Member Covered |
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| Features | Family Health Protector (FHP) | Swasthya Kavach Policy (SKP) | Arogya Sanjeevani Family Policy (ASF) |
|---|---|---|---|
| Sum Insured | Up to Rs. 30 lakhs | Up to Rs. 5 lakhs | Up to Rs. 10 lakhs |
| Room Charges | Up to actuals | Up to actuals | Up to Rs.5,000/- per day |
| ICU Charges | Up to actuals | Up to actuals | Upto Rs.10,000/- per day |
| Ambulance Charges | Up to Rs.2,500 | Up to Rs.1,500 | Up to Rs. 2,000 |
| Daily Cash Benefit | |
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| Domiciliary Hospitalization | |
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| Critical illness extension | |
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| No medical test | upto 60 Years | upto 60 Years | upto 55 Years |
| Reinstatement Benefit | |
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| Cumulative Bonus | 10% | 5% | 5% |
| Maximum Cumulative Bonus | Upto 100% | Upto 50% | Upto 50% |
| Day Care Treatment | |
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| Diseases covered under Day Care | 380+ diseases | 380+ diseases | 12 diseases |
| Online Renewal | |
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| Lifelong Renewal | |
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| Tax Benefit under 80D | |
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| Cashless Treatment | |
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| COVID-19 Treatment | |
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| 24/7 Claim Assistance | |
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| Pre Hospitalization Expenses | Upto 60 Days | Upto 30 Days | Upto 30 Days |
| Post Hospitalization Expenses | Upto 90 Days | Upto 60 Days | Upto 60 Days |
| Nursing Expenses | |
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| No Co-Pay | |
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5% co-pay for every claim |
| Health Checkup | |
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| Wellness Program | |
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| Organ Donor Coverage | |
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| AYUSH Coverage limit | |
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| Member Covered |
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Intimate
Survey & Verify
Settle
1. Intimation - Inform our network for cashless approval
2. Hospitalization - Hospitalization can be done on the basis on pre-approval
3. Claim settlement - Claim settlement directly with the hospital at the time of discharge
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Buying a health insurance policy online is really simple and convenient. Have a look at the benefits of buying your health insurance from our website:
A health insurance policy protects you against any unforeseen circumstances. You can buy a policy from our website. Buying a health insurance policy from our website is a very simple process! Once you have decided to buy a health insurance policy, follow these easy steps to proceed forward:-
Step-1
Fill Out health details.
Step-2
Customize your plan.
step-3
Get Policy Document.
You can renew your health insurance online seamlessly. Have a look at the benefits of renewing your health insurance online:
Follow the seamlessly easy steps given below to renew your health insurance policy.
Fill in the details on our website, like the policy number of your health insurance policy, and the insurance holder’s name, and then click on proceed.
Our payment gateway will enable you to make easy premium payments easily. Upon renewal, you will receive the important documents to your mailbox.
Health insurance protects your personal finances during a medical emergency. There are several benefits of a health insurance policy, have a look at some of them.
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:
OR
If you are a senior citizen and buy a health insurance policy for yourself and family, you can get a total tax deduction of upto ₹ 50,000.
OR
If you buy a health insurance policy only for your parents who are above the age of 60 years, you can get a total tax deduction of upto ₹ 50,000.
| Self and family below 60 Years | Self and Family below 60 Years & Parents Below 60 Years | Self and Family above 60 Years | Self and Family below 60 Years & Parents Above 60 Years | Self and Family above 60 Years & Parents Above 60 Years | |
|---|---|---|---|---|---|
| Deduction for Self, Family, Children | ₹ 25,000 | ₹ 25,000 | ₹ 50,000 | ₹ 25,000 | ₹ 50,000 |
| Deduction for parents | ₹0 | ₹ 25,000 | ₹0 | ₹ 50,000 | ₹ 50,000 |
| Maximum deduction | ₹ 25,000 | ₹ 50,000 | ₹ 50,000 | ₹ 75,000 | ₹ 1,00,000 |
Please note that the above-mentioned benefits are as per the current tax laws prevailing in the country. Your tax benefits may change subject to tax laws. It is advisable to reconfirm the same with your tax consultant. This is independent of your health insurance premium value.
Health insurance portability refers to the facility of being able to change your insurance provider without losing any accumulated benefit of the health insurance policy. We enable you to port your coverage from another insurance provider easily to our existing health insurance policy & vice versa. Get in touch with us today if you wish to switch over and we will guide you on the steps you need to take.
Health insurance portability is extremely important to you as it enables you the following.
✔ Explore insurance policies and switch to the one that suits you
✔ Retain the existing benefits of your claim such as no claim bonus
✔ Leave an insurance provider you are not happy with and choose our best policies
In essence, our health insurance portability benefit puts YOU in the driver’s seat!
There are two types of health insurance, namely group mediclaim policy and individual health insurance policy. As the name suggests, a group mediclaim policy covers several people at once, whereas an individual health insurance policy covers just a single individual.
A company usually opts for a group health insurance policy to cover its employees.
As several people are covered in group health insurance policy, the insurance premium is generally cheaper than that in an individual health insurance policy.
You might ask, are there any other differences between group health insurance and an individual insurance policy? Yes, there are differences. Let’s have a look at the following table to understand it in a better way.
| Features | Group Mediclaim (Employer-given health insurance) | Individual/Family Health Insurance |
|---|---|---|
| General meaning | A group health insurance plan covers a group of people under health insurance. | An Individual health insurance policy offers coverage to the policyholder. |
| Who is the purchaser? | An employer usually purchases group Health Insurance. | Any individual can buy the policy for self or for family members. |
| Coverage | Coverage is shared among number of employees of a particular organization | Coverage is only for policyholders (Self/Family Members) |
| Sum insured | The sum insured generally ranges between Rs. 1 to 5 Lakhs and selected by employer. | Upto 30 lakhs of Sum Insured can be selected by the insured |
| Option to buy Add-ons: | None or limited | The policyholder can buy any of the available add-ons. |
| Coverage tenure | Till employed with the company | Lifelong, provided renewal is done on time |
| Tax benefits | No | Yes |
| Claims | Usually made through a third-party administrator. | Claims can be made directly with the insurance company. |
| No claim Bonus | Not Applicable | Yes |
| Eligibility Criteria: | Should be a permanent employee of an organization | One of the family member must be at least 18 years of age |
| Waiting period of Pre-existing diseases: | Yes | Yes |
| No Medical Test | Upto 60 Years | Upto 60 Years |
| Additional Coverage for Critical Illness | No | Yes- If chosen |
Individual and group health insurance plans offer different benefits and serve different purposes. One should always buy health insurance as per the requirement to get adequate financial back-up in the time of need.
It is important to bear in mind that a Group Mediclaim policy will only cover you as long as you are a working member of that organization. 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 or family health insurance policy.
A health insurance premium means the amount that you need to pay throughout the term to the insurance provider in order to avail the health insurance policy. The premiums are to be paid annually to remain active. There are many health insurance plans and their premiums depend upon the coverage that is being offered.
Have a look at the factors that affect your health insurance premium.
If you have a medical history that suggests a certain illness, then your insurance premium would be higher.
As you age, your premiums will most likely increase since advancing age is often accompanied by health issues.
If your insurance policy is of longer duration, then you would have to pay lesser premiums and vice-versa.
If your occupation involves risk to your health, then your insurance premium may get affected because of the same.
If you indulge in activities such as smoking, drinking, which may affect your health, then the premium on your insurance policy would be higher.
People with higher BMI generally have to pay higher premiums as compared to those with a normal BMI.
Disclaimer-On the basis of your profile, premium may change. Premium displayed for 20-25 years old individuals. Per day premium is for indication only, Premium is payable on Annual basis.
