Benefits of IFFCO Tokio Health Insurance
IFFCO Tokio, a collaboration between India based firm Indian Farmers Fertilizer Co-operative (IFFCO) and Japan-based company Tokio Marine Group is an esteemed health insurance provider, which safeguard customers from expensive healthcare costs. This will assist policyholders in making the payments for doctor fee, hospitalisation expense, medicines, and other relevant care procedures.
IFFCO Tokio’s policies offer multiple benefits, which are hard to overlook. In the present era, when the health care expenses are soaring higher every day, the beneficial features of the insurer helps in opting for the best possible medical treatment and procedures without worrying about the bills. A few advantages which policyholders are gifted under this insurer are a cashless facility, pre and post hospitalisation option, ambulance fee, cumulative bonus, medical check-up, tax benefits, offers for employees and so on.
IFFCO Tokio holds a unique plan for a different set of people such as individual plan, family plan, personal accident cover, a critical illness policy etc., to provide special care to people according to their needs.
Additional Benefit of Free Health Check upSome health insurance policies offered by IFFCO Tokio are equipped with a free health check-up option. The coverage for health check-up is provided up to a certain limit either every year or after a certain period of time. This feature let individuals access their health with routine check-ups without worrying about the expenses.
Additional Protection over Employer CoverageIFFCO Tokio allows the individuals to own its health insurance plan in addition to a group health policy offered by their employers. It will enhance their group coverage and safeguard them at the time of being unemployed. People can select the policies on the basis of coverage requirement.
Cashless BenefitCashless payment facility eliminates the trouble of bill payments at the hospital. IFFCO Tokio is empanelled with around 5,000+ network hospitals across the country that allow policyholders to avail cashless medical treatments.
Claim Settement RatioIFFCO Tokio Health Insurance tries to settle the claims as swift as possible. The company’s claim settlement ratio is 92.88%, where higher the ratio will be, better the settlement of the claim will be, which ultimately promote the trust among the policyholders and increase the number of customers seeking to buy the plan.
Coverage against Medical ExpensesA wide array of health insurance policies offered by IFFCO Tokio gives comprehensive coverage. The features that assist in providing the coverage are in-patient hospitalisation, pre and post hospitalisation, non-allopathic procedures, daycare treatments, domiciliary hospitalisation, etc. In addition to these, the insurer also holds critical illness policy and hospital cash plan that offers a fixed amount to insured members instead of actual medical expenses.
Incurred Claim RatioIncurred Claim Ratio ICR is the rate of the claim settlement amount to the premium collected for an accounting period. The ICR of IFFCO Tokio is 102%. It means that the company has spent 90.69% of the amount earned and has gained 10.31% of the total earnings as profit.
Tax BenefitThe health insurance plan doesn’t merely save the expenditure incurred on the health care treatment but saves some amount through tax benefit option as well. Policyholders of IFFCO Tokio can earn the tax saving as per the section 80D of the Income Tax Act.
IFFCO Tokio Health Insurance Plan List
|Name of Plan||Sum Insured|
|Family Health ProtectorMin: 1 Day; Max: 65 Years||1.5 Lakh||Get Quotes Now|
|Individual Health Protector PolicyMin: 91 Days; Max: 65 Years||50 Thousand||Get Quotes Now|
|Individual Medishield PolicyMin: 3 Months; Max: 65 Years||50 Thousand||Get Quotes Now|
|Swasthya Kavach PolicyMin: 3 Months; Max: 65 Years||2 Lakh||Get Quotes Now|
|Critical Illness Insurance PolicyMin: 5 Years; Max: 60 Years||2 Lakh||Get Quotes Now|
|Corona Kavach PolicyMin: 1 Day; Max: 65 Years||50,000 - 5 lakh||Get Quotes Now|
|Corona Rakshak Policy Min: 18 Years; Max: 65 Years||50,000 - 2.5 lakh||Get Quotes Now|
IFFCO Tokio Health Insurance User Reviews
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IFFCO Tokio Health Insurance FAQs
If I purchase a health plan with IFFCO Tokio, will I get any tax benefit?
Yes, no matter which plan you purchase, you can avail tax benefits on every health insurance plan of IFFCO Tokio as per section 80D of the Income Tax Act 1961.
How many claims I can make with IFFCO Tokio plan?
There is no maximum limit for claims to be made. Thus, you can make as many claims as you need within the limit of your plan’s sum insured.
What are the essential documents required for purchasing a health plan from IFFCO Tokio?
No documents from PAN Card to ID proof are needed to buy a health insurance policy from IFFCO Tokio. However, as per the rules of TPA and insurer, policyholders might need ID proof at the time of filing a claim.
What would happen if I cancel a health plan of IFFCO Tokio after purchase?
Your health insurance plan will stop from the date of policy cancellation. Also, you will get your premium back as per the rates of short period cancellation as per the terms and conditions of the policy.
How many network hospitals are empanelled with IFFCO Tokio?
IFFCO Tokio General Insurance is tied up with around 5,000+ network hospitals across the country. Policyholders can find cashless hospitalisation at all these hospitals.