Buy the best policy with a low premium and wide coverage
We understand that illnesses often arrive unannounced and that one must stay prepared for a critical disease that might come knocking at your door.
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BUY/RENEW POLICYThe coverage of IFFCO-Tokio’s critical care insurance policy depends on the following clauses:
If the Insured Person(s) is/are diagnosed, for the first time during the period of insurance, with a critical illness defined in the policy wordings, then-
Reimbursement will be done for the medical hospitalization expenses incurred in respect of an insured person(s) - as an inpatient, or to insured person(s) or to his /her legal heirs up to the specified amount mentioned in the schedule.
For cashless hospitalization at a network hospital no reimbursement of expenses shall be made.
To be completely aware of the scope of coverage for IFFCO-Tokio’s online critical illness policy, it is important to know what it does not cover. These are some of the most prominent exclusions under the policy:
Any kind of medical treatment pertaining to pre-existing diseases.
Any medical treatment for a disease that occurs during the first 120 days of commencement of critical care insurance cover.
Any costs incurred to treat Human T-Cell Lymphotropic Viruses Type II (HTLV-III) or Lymphadinopathy Associated Viruses (LAV) or their mutant derivatives or variations. The same applies for any syndrome or condition of a similar kind referred to as AIDS.
Any medical treatment for ailments arising out of drug addiction or alcoholism.
Any instances of self-harm or suicide.
Any person who is under 5 years or is aged 60 years or more.
Anyone undergoing circumcision except for diseases not excluded here or Injury, vaccination or inoculation or change of life or cosmetic or aesthetic treatment of any description.
Limitations of the Critical Illness Policy
Numbers of claims
Did you know that one critical illness can be covered during the entire term of the policy? Insured will receive the claim amount after being diagnosed with a critical illness. We will make payment to Insured Person only once in respect of the treatment of any particular critical illness or injury. This is more of a technicality than a limitation because fortunately the majority of patients are usually affected by only one critical illness which entails an extensive treatment.
Waiting Period in critical illness policy
A minimum of 4 years is always applicable to most of the health insurance plans in India. However, for critical illness insurance plan it is usually 90 days after the policy has been purchased and 30 consecutive days of survival before the sum assured is paid out. Moreover, it is beneficial for critical illness policyholders.
Stage or Specified Severity of Disease
Diseases such as a case of heart attack, cancer, angioplasty or arthritis need to reach a certain level of criticality such that it qualifies to be considered as critical. There is always a level which the disease has to reach in order to be considered as critical. As per IRDA, there are certain stages which are explained in medical terminology which states that the diseases are critical enough to be covered under the online critical illness policy.
Cancellation
We will not ordinarily cancel the critical care insurance policy unless it is a case of misrepresentation or concealment of material fact. In case of cancellation of the policy due to above reasons, policy shall be void and all premium paid thereon shall be forfeited to the Company and the same shall be communicated to you by sending a 15 (Fifteen) notice by registered Post to your last known address You may cancel the Policy by sending at least 15(Fifteen) days written notice to us under Registered Post. We will then allow a refund on a given scale provided there is no claim. Where the claim is preferred, no refund will be made.
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Unlike common ailments that make you sick for a short while, critical illnesses have the potential to leave a debilitating effect on your life. These diseases not only affect your ability to work but can also be fatal to your life.
“Critical Illness” means an illness, sickness or a disease or a corrective measure like-
We at IFFCO Tokio have noticed that more than often people’s lives come crashing down in the case of a critical illness. For example, if an ailing father or mother does not critical illness cover, it becomes difficult for the family to continue paying for the education of the children. There are other instances when aging parents have been diagnosed with critical illnesses and the lack of critical illness insurance has resulted in their son or daughter having to borrow money to continue supporting the expensive treatment.
Our experience at IFFCO Tokio has shown us that critical illnesses can affect people beyond the obvious symptoms or costs. In many cases, the disease results in an employee becoming unable to work and a lot of people lose their jobs. In some cases, the disease might cause partial or complete disability which renders the person not suitable for employment in certain working environments. Critical illnesses can completely change lifestyles and routines and can often create roadblocks in the regular schedules of the caregiver or the family too. As we can clearly see, critical illnesses often result in avenues of income being shut down and this can make supporting medical costs even more difficult. People with prior critical care insurance and critical health insurance policies can handle such situations because they have a backup plan financially.
It is important that you understand what is written in those fine-prints before you sign the document. Understanding the scope, the limitations, and the objections would help you understand the scope of IFFCO Tokio’s online critical illness policy. It has no doubt all kinds of unique advantages and helpful benefits such as:
But like every insurance policy has a lot of limitations, critical care insurance is not devoid of it either. Making an informed decision can help you stay aware and cautious such that you do not give in to any kind of hoax schemes or agreements which might be up and looming around
We at IFFCO Tokio have come across several examples of entire families and individuals who have gone bankrupt while trying to treat a critical illness. Therefore critical illnesses and the importance of having a critical illness cover cannot be taken lightly. The possibility of hereditary illnesses occurring has increased manifold because of catalysts such as stress and unhealthy fitness habits and medical emergencies can occur at any point in time. A critical health insurance policy can also help us stay calm and handle the diagnosis of a disease better and it also helps us in reducing the added tension that comes with the possibility of a critical illness.
A friend recommended IFFCO-Tokio’s Critical Illness Insurance policy as with the rise in a number of diseases surely demanded financial protection against the majority of these illnesses which could combat the financial burden.
Rated by: Surili
I recently bought the critical health insurance plan from IFFCO Tokio for my mother. I was looking for a health policy that would provide cover for critical illnesses like cancer and all, and IFFCO Tokio’s was the best policy in the market, as I had to pay a just a fraction of the premium that I would be paying otherwise for full-fledged health insurance.
Rated by: Hari
Critical illness insurance helped the family in tough times. One of best in Health Insurance from IFFCO Tokio.
Rated by: Ramya Singh