IFFCO Tokio Health Insurance Benefits

IFFCO Tokio is an esteemed health insurance provider, that safeguards its customers from expensive healthcare costs by offering them comprehensive health insurance plans. These health insurance plans cover the insured against medical expenses such as doctor fees, hospitalisation expenses, medicines, and other relevant care procedures.

IFFCO Tokio health insurance plans offer policyholders with a number of advantages that are difficult to overlook. In present era, where health-care costs are rising by the day, the benefits of the insurer allow people to choose the best possible medical treatment and procedures without worrying about the expenses.A few advantages that policyholders are given under this insurer include cashless facility, pre-hospitalisation and post-hospitalisation cover, cover for ambulance services, cumulative bonus, medical check-up, tax benefits, and so on.

IFFCO Tokio offers a variety of health insurance plans that are customized to meet the requirements of the people. These include individual plans, family plans, personal accident insurance plans, critical illness plans, etc. These policies provide special care to people according to their needs.

Additional Benefit of Free Health Check up

IFFCO Tokio provides a free health check-up option with some of its health insurance policies. Health check-up coverage is offered up to a certain limit either once a year or after a certain period of time.This feature lets individuals access their health with routine check-ups without worrying about the expenses.

Additional Protection over Employer Coverage

IFFCO 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 when they are unemployed. People can select policies based on their coverage requirements.

Cashless Benefit

Cashless 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 Settlement Ratio

IFFCO Tokio Health Insurance does its best to settle the claims as swiftly as possible. For the Financial Year 2019-20, the insurer has an excellent Claim Settlement Ratio of 96.33%. The CSR ensures trust among the policyholders and increases the number of potential buyers.

Coverage against Medical Expenses

IFFCO Tokio offers a wide range of health insurance policies that provide comprehensive coverage. In-patient hospitalisation, pre- and post-hospitalisation, non-allopathic procedures, daycare therapies, domiciliary hospitalisation, and other features help to provide coverage.In addition to these, the insurer also holds a critical illness policy and hospital cash plan that offers a fixed amount to insured members instead of actual medical expenses.

Incurred Claim Ratio

Incurred Claim Ratio ICR is the rate of the claim settlement amount to the premium collected for an accounting period. The ICR of IFFCO Tokio for FY 2019-20 is 95.66%.

Tax Benefit

An IFFCO Tokio health insurance policy not only helps policyholders save money on medical expenses, but it also provides them with tax benefits.The policyholders can avail tax benefits under Section 80D of the Income Tax Act, 1961, on the premiums paid for these plans.