IFFCO Tokio Health Insurance FAQs

Yes, IFFCO Tokio health insurance offers a plan called Critical Illness Insurance Policy.

Iffco Tokio offers various health insurance plans that cover critical illnesses. The major one is  Critical Illness Insurance Policy. However, it provides the critical illness cover under other plans too, but as an extension with an additional payment of premium option such as Family Health Protector Policy, Individual Health Protector Policy, Swasthya Kavach Policy, and Individual Medishiled Policy.

No, the critical illness plan offered by Iffco Tokio does not cover every situation and case of hospitalisation. There exist some exclusions to the coverage of a health insurance plan.

Yes, a prescribed amount in lump-sum is provided to insured individuals on the diagnosis of the illness.

Following are the illnesses that are covered by the Iffco Tokio under its Critical Illness Insurance Policy:

• Stroke Resulting in Permanent Symptoms
• Kidney Failure
• Cancer
• Paralysis
• Bone Marrow Transplant
• Open Chest CABG
• End-Stage Liver Disease
• Major Burns
• Multiple Sclerosis with Persisting Symptoms
• Coma

Yes, Iffco Tokio offers the option of lifelong renewability to people covered under the family floater plan that goes above 65 years of age restriction. Hence, you shouldn’t worry pertaining to the well-being of your elderly loved ones and parents after buying the policy for once.

Under the Iffco Tokio Family Floater Plan different relationships are eligible to get covered such as:

• Self
• Spouse
• Dependent Children
• Dependent Parents
• Dependent Relatives 
• Relatives Living Together including Siblings

No, you need to pay a single premium amount for getting an insurance cover for the whole family. This comprises of spouse, dependent parents, siblings, family members living together like sister-in-law, brother-in-law, and so on.

Yes, the insurer covers 0.15% of the sum insured subject to the maximum of Rs. 1,000 as the daily allowance for the policyholders.

The Iffco Tokio provides the coverage for pre-hospitalization & post-hospitalization medical costs for 45 days and 60 days respectively under its different health insurance plans.

Yes, the option of health check-up is provided up to 1% of the basic sum insured at the end of a block of four continuous claim-free years.

The insurance providing firm delivers the coverage for vaccination expenses maximum of 7.5% of the total amount of premium paid in the case of the single insured individual and up to 15% for all the insured members at the end of two continuous claim-free years with Iffco Tokio Family Health Protector Plan.

The Incurred Claim Ratio (ICR) of IFFCO Tokio is 90.69%.

Yes, you can buy more than one health insurance policy from IFFCO Tokio.

Yes, IFFCO Tokio provides 24*7 customer care support at 1-800-103-5499 to provide information and offering support pertaining to claim settlement.

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.

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.

The age of going through the medical screenings to get a plan of IFFCO Tokio varies from policy to policy. Read policy wordings and brochures of the plans to find the correct age.

Yes, two types of discounts are provided by the insurer for its policyholders such as:
A) Existing Customers - Customers holding a policy of Iffco Tokio already are eligible to get 10% discount on the premium amount
B) Group Mediclaim Discount - Employees who are covered under any Group Mediclaim Plan of Iffco Tokio with the sum insured of 4 Lakh or more are eligible to avail 10% discount. 
It is to be noted that these discounts are to be computed on a cumulative basis that can’t exceed a total of 25%.

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.

The Iffco Tokio team offers the coverage for 121 daycare treatments or procedures, where the patient is discharged immediately or after some time from the hospital and sent to home without spending 24 hours in the hospital. All the medical costs incurred on these 121-daycare surgeries or procedures are completely reimbursed under the Iffco Tokio insurance plan.

A wide range of the sum insured is provided under the Iffco Tokio for an individual plan that ranges between Rs. 50,000 and Rs. 20 Lakh.

Individual between the age of 18 years and 65 years are eligible to get the coverage under the Iffco Tokio. Besides, if either parent is covered, the dependent kids above the age of 91 days are also eligible to get the coverage.

The children can’t be covered alone in any policy. To get them covered under any plan, either of their parents needs to have coverage under a plan. However, different plans hold different age criteria to provide the cover to the kids, which ranges from the very first day to 3 months.

Yes, any person who is of 5 years or more till the age of 60 years or less is eligible to get covered under the critical illness policy by Iffco Tokio.

The benefits offered under the plans of Iffco Tokio health insurance for children incorporate pre & post hospitalisation, in-patient treatment, cashless benefit, daycare procedures, vaccination expenses, domiciliary hospitalisation, and various other benefits.

The Iffco Tokio allows parents to cover their kids in various plans offered by them such as Individual Medishield, Swasthya Kavach, Health Protector Plan, Family Health Protector, and so on.

Yes, there are some plans that allow you to add your parents in your plan such as Family Health Protector, Health Protector and so on.

Yes, Iffco Tokio has many plans where parents can be covered as those plans own the entry age till 65 years and come with lifelong renewability option as well.

Yes, several health insurance plans by Iffco Tokio offer the coverage for the vaccination expenses like Family Health Protector Policy, Health Protector Plan, and so on.

Yes, Iffco Tokio gives the coverage for daycare procedures under its many plans, where hospitalisation is of less than 24 hours.

Yes, pre and post hospitalisation expenses get the coverage under different plans of Iffco Tokio. Generally, the coverage for pre and post hospitalisation expenses is offered for 45 days and 60 days respectively under the policies of Iffco Tokio.

Yes, Iffco Tokio adheres to the IRDA guidelines to execute the option of portability.

Yes. Iffco Tokio provides the portability option to its policyholders, so they can easily switch from any similar policy of other insurers to Iffco Tokio.

Anyone holding a health insurance plan can avail the option of portability only at the time of renewal and not any other time.
 

Premium amount up to Rs. 25,000 are qualified for tax benefit under Section 80D of the Income Tax Act 1961.

Generally, discounts under the Iffco Tokio plans are computed on a cumulative basis, which can’t exceed a total of 25% of discount.

Here are the following basic factors that are considered to calculate the premium amount of Iffco Tokio:

a) Sum insured
b) Policy term
c) Number of members
d) Age of insured
e) Medical history
f) Gender

Yes, Iffco Tokio health insurance firm offers different types of discounts to its policyholders such as:

A) Family discount
B) Existing customer discount 
C) Group mediclaim discount

The premium for Iffco Tokio health insurance policies starts at Rs. 3,675*  per annum. *The premium is subject to change.

Yes, he can be covered under the health insurance plans of Iffco Tokio.

Iffco Tokio have different plans under which people above 60 years of age can get covered such as Family Health Protector, Health Protector, Individual Medishield Policy, Swasthya Kavach and so on.

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.

To avail tax benefit on the premium amount of health insurance plan, the policyholders are required to pay the premium through any mode other than cash.

The limit of tax benefit is Rs. 25,000 if a proposer is below the age of 60 years and purchases the policy for himself/herself, while the limit extends to Rs. 30,000 in the case if a proposer is less than 60 years of age and buys a health insurance policy for a senior citizen, who is above 60 years of age. However, if a senior citizen purchases a plan for himself or herself then Rs. 50,000 tax benefit is earned. All the policyholders earn these tax benefits on different health insurance policies of Iffco Tokio as per Section 80D of the Income Tax Act.

Yes, Iffco Tokio provides a top-up health insurance policy named as Health Protector Plus.

The sum insured of Health Protector Plus, a top-up plan of Iffco Tokio, ranges between Rs. 2 Lakh and Rs. 25 Lakh.

If you buy the top-up plan by Iffco Tokio on an individual basis that coverage is offered to self, spouse, dependent kids up to 25 years, and parents. But, if purchased on the family floater basis, the members covered are self, spouse, and dependent kids.

The Iffco Tokio offers a family discount under its top-up plan. The discounts provided are 5% for the inclusion of 2 members and 10% for inclusion of 3 members and more.

Yes, Iffco Tokio health insurance plans offer the coverage for ambulance charges for women members.

Yes, the women proposers are allowed to purchase every plan offered by Iffco Tokio.

No, women and men gain the same tax benefits on the premium amount of Iffco Tokio health insurance policy. The only difference in tax benefit calculation is for senior citizens who are above 60 years of age.

Yes, any woman can buy health insurance plan of Iffco Tokio and get her spouse and kids covered.