About IFFCO Tokio Health Insurance Policy
IFFCO Tokio Health Insurance is a joint venture between Indian Farmers Fertiliser Cooperative (IFFCO) and the Tokio Marine and Nichido Fire Group. Founded in 2000, IFFCO Tokio offers a wide range of policies, including health insurance, critical illnesses, families, and accident insurance, providing maximum coverage.
IFFCO Tokio Medical Insurance includes 5000+ network hospitals, lifetime renewability, and a 102% incurred claim ratio. Their grievances solved ratio stands at an impressive 98.47%, which talks about their commitment to providing high-quality health insurance plans to their customers with effective customer care services. The wide coverage and floater options make IFFCO Tokio policies a mainstay in the Indian insurance sector.
The range of IFFCO Tokio Health Insurance Plans include:
- IFFCO Tokio Critical Illness Insurance Policy
- IFFCO Tokio Family Health Protector Policy
- IFFCO Tokio Health Protector Plus Policy
- IFFCO Tokio Health Protector Policy
- IFFCO Tokio Individual Medishield Policy
- IFFCO Tokio Personal Accident Insurance Policy
- IFFCO Tokio Swasthya Kavach Family Health Insurance Policy
Let’s take a closer look at each IFFCO Health Insurance policy.
IFFCO Tokio Critical Illness Insurance Policy
- Entry Age: 18-65 years (Adults); 3-23 years (Children)
- Policy Term: 1-3 years
- Sum Assured: Rs.1 lakh - 1 crore
- Maximum Renewability Age: Lifelong
Other benefits:
- Coverage: Cancer, Renal failure, Coronary artery diseases requiring bypass surgery, Major organ transplant, Paralytic cerebral stroke, Accidental injuries resulting in loss of limbs
- Free Look Period: 15 days
- The policy can cover more than 1 insured person and their legal heirs.
IFFCO Tokio Family Health Protector Policy
- Entry Age:18-65 years
- Medical Screening: Required for individuals between the age of 45-55 and 55-65
- Sum Assured: Rs.1,50,000 - 20,00,000
- Maximum Renewability Age: Lifelong
- Pre and Post-Hospitalisation: 45 and 60 days, respectively.
Other benefits:
- Ambulance Coverage: Up to 0.75% of the sum insured or Rs.2500, whichever is lower.
- 121 Daycare surgeries are covered without 24 hours of hospitalization.
- Daily hospitalisation cash allowance: Rs.1,000 per day maximum
IFFCO Tokio Health Protector Plus Policy( Top Up Policy )
- Entry Age: 18-65 years
- Policy Term: 1 year
- Sum Assured: Rs.5 lakhs - 25 lakhs
- Pre and Post-Hospitalisation: 60 and 90 days, respectively.
Other benefits:
- A grace period of 30 days for renewals.
- Daily hospitalisation cash allowance: 0.10% of the total sum insured
- Ambulance charges coverage: Up to Rs.3000 per claim.
IFFCO Tokio Health Protector Policy
- Entry Age: 18-65 years
- Policy Term: 1 year
- Sum Insured: Rs.50000 - Rs.20 lakhs
- Pre and Post-Hospitalisation: 45 and 60 days, respectively.
Other benefits:
- Daily cash allowances of 0.20% of the sum insured during hospitalization.
- Cumulative Bonus: 5% of the basic sum insured for a claim-free year, up to a maximum of 50% of the sum insured.
- 10% discount to individuals holding any other insurance policy.
IFFCO Tokio Individual Medishield Policy
- Entry Age: 3 months - 65 years
- Medical Screening: Required for individuals of 46+ years
- Sum Assured: Rs.50,000 - Rs.5 lakhs
- Pre and Post-Hospitalisation: 60 and 60 days, respectively. Post-hospitalisation covered until Rs.7500.
Other benefits:
- Ambulance Charges Coverage: Up to 1.0% of the basic sum insured (maximum Rs 1500)
- Hospitalization expenses covered for organ donors during organ transplantation of the insured person.
- Daily cash allowance: Rs.250 during hospitalization.
- Free health check-up cost after 4 claim-free years.
IFFCO Tokio Personal Accident Insurance Policy
- Entry Age: 5-60 years
- Policy Term: 1 year
- Sum Assured: Rs.1 – maximum sum Insured depending on underwater.
- Ambulance Charges: Rs.1000 per insured person
Other benefits:
- 100% sum insured restored under death benefit, loss of sight in both eyes, loss of 2 limbs, loss of one limb and one eye, permanent total and absolute disablement.
- 50% sum insured restored if there is a loss of sight in one eye or there is the loss of one limb.
- Coverage: Employment Benefit; Ambulance Benefit; Education Benefit; Cumulative Benefit
- Temporary Total Disablement: 1% of sum insured or Rs.25,000 - whichever is lower.
IFFCO Tokio Swasthya Kavach Family Health Insurance Policy
- Entry Age: 18-60 years (Adults); 91 days - 23 years (Children)
- Medical Screening: Required for individuals of 60+ years
- Sum Assured: Rs.1.5-5 lakhs
- Pre and Post-Hospitalisation: 30 and 30 days, respectively. Post-hospitalisation restricted to Rs.7500 under Base Plan. No limit for the Wider Plan.
Other benefits:
- Cumulative Bonus: 5% per claim free year up to a maximum of 50%.
- Optional critical illness rider for an extra 30% premium can be taken on the Wider Plan - this pays out double the sum insured on the diagnosis.
- Ambulance Coverage: Rs.750 for Base Plan; Rs. 1500 for Wider Plan.
- Daily Hospital Cash Allowance: Rs.150 (Base); Rs.250 (Wider)
Benefits of Choosing IFFCO Tokio Mediclaim Policy
There are numerous advantages to choosing IFFCO Tokio. Based on the company’s statistics and some common features across plans, we can deduce the reasons behind their popularity easily.
- Their extensive reach of 5000+ network hospitals offers cashless hospitalisation in several facilities across the country. This makes the claim process more accessible, reducing stress during an otherwise financially and emotionally stressful time.
- The IFFCO Tokio online insurance option makes the purchasing process much more comfortable. All you need to do is go to the official website and choose the "Buy" option. Then you enter your details. After calculating your premium, enter your medical history and then make your payment. It's a quick and easy process!
- The many benefits offered under each IFFCO Tokio plan make these policies desirable. These include daily hospitalisation cash allowances, ambulance coverage, etc.
- IFFCO Tokio Health Insurance premiums are deductible under Section 80(D) of the Income Tax Act.
IFFCO Tokio General Insurance Premium Calculator
IFFCO Tokio offers its insurers an opportunity to learn what their premium will be. They use a comprehensive premium calculator that determines this using multiple parameters. These include:
- Personal details like name, age, occupation, etc.
- Insurance Coverage required.
- Any Existing Medical Conditions.
- Any optional Riders. (for critical illness)
After entering these details, the client gets their premium calculation and knows the kind of expenses they can expect from the company.
IFFCO Tokio General Insurance Claim Process
With a 102% claim settlement ratio, IFFCO Tokio is in the top leagues. This high ratio proves that they understand their clients and their needs. They also rise to the occasion quickly, offering faster claim settlements. This is especially important for reimbursement claims. However, they also provide a more efficient claim process: cashless claims.
Cashless Claims
- Ensure your hospital is a network hospital.
- Inform IFFCO Tokio of your hospitalisation in a network hospital. The insurer needs to be intimated at least 3 days before hospitalisation when planned.
- Provide the IFFCO Tokio Health Insurance Health Card, a photo ID and investigation reports along with a completed pre-authorisation form.
- After the claim is sent to the settlement team, you will be notified of its verification status within 24 hours.
- The cashless claim will then be processed and paid to the hospital within 7 days. You will be notified of this payment on your email ID and phone number.
Reimbursement Claims
- Report to the claim helpdesk in your non-network hospital for guidance on continuing with a reimbursement claim.
- Provide all documents including discharge summary, prescriptions etc. for the verification process.
- The claim verification team will evaluate your request and intimate you of the results via email if successful.
- You can request a reimbursement within 7 days after discharge.
Knowing all the correct documents and following the perfect procedure can be difficult, especially during a medical emergency. Here, Cover360’s experts will help you get your claim process started by ensuring you have everything in place. This way, we help you get your claim verified, leaving you with time and energies for more critical issues in hand.
How to Renew IFFCO Tokio Insurance Online
- Visit cover360.in and go to our renewal page
- Enter the details asked
- You will be taken to their website to complete the IFFCO Tokio online renewal process
- If you go directly online, IFFCO Tokio has a “Renew” button on their website.
- Choose the “Health” option and enter the policy number and the insured person’s name
- Fill in the necessary details and submit
- Choose your payment preference and finish the IFFCO Tokio Health Insurance renewal online
Contact us if you have any questions about any part of the insurance application procedure. Cover360 will be more than happy to help you along the way while ensuring that you get the perfect insurance plan, keeping you and your loved ones well-covered!
