IFFCO Tokio Individual Medishield Health Insurance
Claim Settlement Ratio | 96.33% |
Network Hospitals | 7,500+ |
PED Waiting Period | 3 years |
Starting Premium (for 5L SI) | Rs. 584/month |
About IFFCO Tokio Individual Medishield Health Insurance
IFFCO Tokio Individual Medishield Policy is a medical insurance plan designed with a comprehensive approach is to provide medical coverage to individuals. It is a prudent way to safeguard yourself from a monetary crisis that can occur due to hefty medical expenses during a health emergency. The plan offers medical coverage for diseases with an add-on option to increase the medical cover for different critical illnesses that comprises of kidney failure, heart surgery, major organ transplantation, cerebral stroke, cancer, etc., as the expenses are quite high for such ailments.
The plan also gives cash-free hospitalisation facility at 4000+ network hospitals across the nation. Under this plan, coverage is available for people between the age group of 3 months to 60 years. Also, kids between the age of 3 months and 5 years can be covered provided their parents own the coverage under this health insurance plan. There requires no medical check-up until the age of 60 years to get covered under this health policy. However, people above the age of 60 years have to go through a pre-acceptance medical screening or test.
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Key Inclusions and Exclusions of the Plan
What's Included
- Organ donor expenses are covered
- Availability of lifelong renewability option
- Coverage for up to 121 daycare procedure
- Pre and post hospitalisation medical expenses
- Cover for nursing expenses and related charges
What's Not Included
- Expenses on diagnostic, x-ray or laboratory
- Pre-existing disease treatment within 36 months
- Maternity expenses and newborn baby expenses
- Any medical-related expenses on OPD treatment
- Injury caused by war, warlike situation, riot, etc.
7178 IFFCO Tokio Cashless Network Hospitals in India
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IFFCO Tokio Individual Medishield Policy Expert Review
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Major Attractions
When it comes to major highlights of Individual Medishield Policy, note that the policy has multiple to offer. Room rent expenses; fees of surgeon, specialist & consultant; cost of blood, oxygen, anesthesia and others are a few prime features covered under the policy. Moreover, apart from offering cover for pre & post hospitalisation expenses and hospitalisation expenses for organ donor, Individual Medishield Policy also provides coverage for -
- AYUSH hospitalisation expenses (up to 10% of sum insured)
- Domiciliary hospitalisation expenses, if medically necessary (up to a maximum aggregate sub-limit of 20% of sum insured)
- Emergency Medical Assistance Services
- Daily allowance amount equivalent to 0.1% of the basic sum insured or Rs. 250 per day, whichever is less
- Ambulance charges limited to 1.0% of basic sum insured or Rs. 1500, whichever is less for each claim
- Cumulative bonus - 5% increase in basic sum insured at each renewal in respect of each claim free year, subject to maximum of 50%
- Cost of health check-up - Reimbursement amount not exceeding 1% of the average basic sum insured during the block of 4 claim free years
- Optional cover - Reinstatement of sum insured
- Optional cover - Critical illness (on additional payment of 30% of basic premium)
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What’s More?
Individual Medishield Policy is a complete health insurance product you can go for without having any doubt in mind. With its diverse features and multiple benefit areas, the policy comes up as an apt choice. However, also present in the policy, are a few elements that increase its value in a significant manner. The additional features include -
- Lifelong renewal
- Easy policy portability
- Directly serviced by Iffco Tokio, without any TPA
- Income tax benefits under Section 80D of the Income Tax Act
- Easy cashless claim settlement available at over 4000 network hospitals across India
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Conclusion
To conclude, choose Individual Medishield Policy if you want your future secure in terms of health and financial stability. The policy won’t let you face disappointment or inconvenience when the emergency occurs.
To make the purchase process easy and quick, opt for online mode so that you can get your policy issued soon. Selecting InsuranceDekho as the platform will benefit you regarding claim settlement support, policy transparency & portability, and other additional benefits.
Claim Process at IFFCO Tokio Health Insurance
FAQs on Individual Medishield Policy Health Insurance Plan
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What is the sum insured limit offered under Individual Medishield Policy?
A range of sum insured options is available under the Individual Medishield Policy that starts from Rs. 50,000 and continues up to Rs. 5 Lakh, in multiples of Rs. 50,000.
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Does this health insurance plan offer portability feature?
Yes, the plan provides portability feature for its customers with the help of which the policyholders can switch from a similar policy of any insurer to the plan of Iffco Tokio. This option protects the continuity benefit of the policyholders as per IRDAI guidelines.
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Does Individual Medishield Policy by Iffco Tokio offer any coverage for parents?
Yes, Individual Medishield Policy extends its coverage for dependent parents.
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How many members can get the coverage in a single plan under the Individual Medishield Policy?
This health insurance policy allows to cover up to 5 family members, which includes self, spouse, dependent kids (up to the age of 23 years), and dependent parents.