With the growing demand for health insurance policies in today’s world, there are several insurance companies that offer exclusive health insurance policies at an affordable price. These health insurance covers provide benefits like pre and post-hospitalization expenses, in-patient expenses, domiciliary expenses, medical consultation, ambulance charges, and a lot more. One of the widely known health insurers is IFFCO Tokio Health Insurance. This insurance firm makes sure that it successfully provides all its policyholders with effective and comprehensive health insurance policies. 

IFFCO Tokio Health Insurance is a tie-up between Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Tokio Marine Group. Since the year 2000, the company has been providing its customers with a bunch of insurance products like health insurance, car insurance, home insurance, travel insurance, etc. Health insurance plan by the company compensates for the expenses incurred in health check-ups, pre and post-hospitalization, ambulance charges, and a lot more. 

About IFFCO Tokio Health Insurance Policy 

The all-embracing health services by the IFFCO Tokio Health Insurance company help the individuals with the high expenses of medical treatments that can incur during hospitalization in private hospitalization. The policies by IFFCO Tokio Health Insurance are cost-effective and ensure maximum benefits to its customers. Let us look at some of the prominent features of IFFCO Tokio Health Insurance:

  • The company had a claim settlement ratio of 96.33% in FY 2019-20. 
  • There is a network of 5000+ hospitals that are linked with the insurance company and ensure cashless treatment facility to its policyholders.  
  • IFFCO Tokio Health Insurance offers the lifelong renewability of policies to its policyholders. 
  • The company offers COVID-19 covers at an affordable price for a short period considering the ongoing circumstances of the pandemic. 
  • The call centers at IFFCO Tokio Health Insurance provide a 24X7 service to deal with the claim process and other grievances of the customers. 

Benefits of IFFCO Tokio Health Insurance Policy 

Let us look at some of the common benefits that IFFCO Tokio Health Insurance policies provide to its policyholders: 

  • In case of the exhaustion of the sum assured under the purchased policy, the company provides you with the facility of sum assured reinstatement. Under this benefit, you can restore the complete amount of your sum assured under the policy. 
  • There is no maximum age where the coverage benefits stop. You get the advantage of the lifelong renewability of your health insurance policy so that your connection with the insurer remains in force as long as you wish it to be.  
  • Up to the age of 60 years, you don’t have to go through any pre-medical procedures to avail the benefits of the IFFCO Tokio Health Insurance policy. 
  • If you are not satisfied with the services offered by your purchased health insurance policy, then IFFCO Tokio Health Insurance company offers you the benefit to port the policy into any other similar health insurance plan offered by the company. 
  • Once in every four claim-free years in the policy tenure, the company provides its policyholders with a free health check-up which is 1% of the sum assured. 

Policy Terms of IFFCO Tokio Health Insurance 

There are certain policy terms that are common in all the health insurance policies provided by IFFCO Tokio Health Insurance company. Let us look at the standard terms and their features: 

  • The minimum age is 3 months and the maximum age is 65 years to purchase a policy from IFFCO Tokio Health Insurance. 
  • Lifelong renewability of policies is provided under all the health insurance plans offered by the company. 
  • Premiums that are to be paid on the renewals are subjected to change according to the insurer. 
  • A general waiting period of 30 days is applicable on the health insurance plans by IFFCO Tokio Health Insurance company