Individual Health Insurance

Individual Health Insurance

A comprehensive health plan for individuals

Good health is the cornerstone of a happy life! Keeping this in mind, we must all take the necessary steps to stay fit & keep our wellbeing on track. However, with illnesses on the rise and the cost of healthcare increasing every year, there is a huge cause for concern. This is where an Individual Health Insurance Plan can be extremely helpful.

In case of an emergency, a Health Insurance Plan will step in and help cover your medical expenses. This allows you to focus on your recovery instead of worrying about the hospital bills. These plans also ensure that you do not have to compromise on the quality of your treatment. This ensures you can make a full recovery and get back on your feet in no time!

Why choose IFFCO-Tokio?
Over 20 years of industry experience enables us to provide you with Health insurance plans that are affordable, and comprehensive. We also offer a range of different coverage options & add-ons. This makes it easier to find the best Mediclaim Policy for your needs. When you choose IFFCO-Tokio, you get award-winning protection that comes bundled with the following benefits:

5000+ Network Hospitals where the insured can avail cashless settlement of claims.
No need for medical check-ups to the age of 60 years.
8.61 lakh claims settled in FY2019 at a claim settlement ratio of 92.65%
20.000 agents and branches across the country
24*7 Call center support to provide information and support related to claims.
Get daily allowance for the duration an insured is hospitalized.
Coverage of Our Individual Health Insurance Plan:
Good health is one of your most important assets. Therefore, you should protect it with the best Mediclaim Policy. This is where we can help! Our Health insurance plan offers comprehensive cover against a number of unforeseen medical conditions to provide you complete peace of mind from life's uncertainties. Here are some of the benefits you can enjoy with the Individual Health insurance plan from IFFCO-Tokio General Insurance Company Ltd.

Coverage for Pre-Hospitalization & Post-Hospitalization Medical Expenses
Coverage is provided for Ambulance charges
Cover for Critical Illness & Emergency Assistance Services is provided
Coverage for Room Rent Expenses including hospital registration, service charges, etc.
Coverage for 160+ Day Care Procedures
Vaccination and health check-up charges are covered
Coverage for AYUSH treatments

our Plans Also Provide Critical Illness Cover
Without the right protection, a critical illness can rattle your easy-going life, putting a huge strain on your finances. To help you stay prepared for any such eventuality, we offer you the opportunity to opt for a Critical Illness Cover on payment of a little extra amount. The following are the medical conditions that have been identified as critical ailments, under our individual Health insurance plan:

Cancer of specified severity.
Coma of specified severity.
Major Organ/Bone Marrow Transplant.
Stroke Resulting in Permanent Symptoms.
First Heart Attack - of specified severity.
Motor neuron disease with permanent symptoms.
Open Chest CABG.
Permanent Paralysis of Limbs.
Open Heart Replacement or Repair of Heart Valves.
Kidney Failure Requiring Regular Dialysis.
Multiple sclerosis with persisting symptoms.

General Exclusions of Health Insurance Plan
While a Health insurance plan offers significant protection from medical conditions, each policy will have its own set of exclusions. These are medical expenses that are not covered by the plan. Here's a look at some of the main exclusions of an Individual Health insurance plan.

Cosmetic treatments
Medical procedures to enhance the appearance are not covered. However, in case of accident or injury when plastic surgery is a requirement, it can be covered.

Pre-existing medical condition
These conditions are covered only after the waiting-period.

Pregnancy-related conditions
Childbirth and lawful terminations are excluded under the policy.

Injuries caused due to self-harm or suicide attempt
Any injuries and medical expenses arising from such incidents are not covered by medical insurance.

Injuries suffered due to war, nuclear explosion
Such instances are not covered under the policy.

Intentional injuries and congenital diseases
It is another common exclusion under most medical insurance plans.

Why Do You Need Individual Health Insurance Plan?
Having an Individual Health insurance plan has become extremely important in today's day and age. Some people feel that it is not important to purchase a policy if you are young and healthy as the chances of falling ill are very slim. However, each one of us needs to be protected with a Health insurance plan, regardless of our age & current health. Here are some reasons for this:

1 Medical conditions arise without warning
Medical conditions come knocking without any prior warning. You could be hale and hearty today and down with an illness the next day. Therefore, it makes sense to protect yourself with the best Mediclaim policy. It will ensure that you are safe from the financial impact of sudden medical conditions.

2 The rising cost of healthcare
Medical expenses are rising at an alarming rate. The cost of healthcare procedures and medicine is increasing every day. However, with an individual Health insurance plan, you need not worry about these expenses at all. We will handle your hospital bills and also cover all the costs that you incur before and after hospitalization.

3 Protect your savings
Without a Health insurance plan, you may be forced to tap into your hard-earned savings to cover medical expenses. This could disrupt your financial goals, or worse still, burn through years of savings in a matter of months. To avoid this, just get yourself a good individual Health Protector plan. It will cover your medical expenses and keep your savings intact.

4 Tax benefits
Besides covering your medical expenses, an individual Health insurance plan also helps you save money! This is because, under section 80D of the Indian Income Tax Act, the premium amount paid towards a health insurance policy can be used to claim deductions on your taxable income.

How to Choose The Right Health Insurance Plan?
You will probably buy a health insurance policy only once in your lifetime. Therefore, it is important to make the right purchase decisions now and avoid any issues in the future. However, this is easier said than done. Due to the lack of prior information & research, many individuals end up with either too little or too much coverage. To ensure this doesn't happen to you, we have listed five things to keep in mind when buying an Individual Health Insurance Plan.

1 Estimating your cover
You can estimate your cover based on factors such as your age, your current fitness levels, your lifestyle, etc. It is advised to get higher coverage if you are the sole breadwinner of the family, have any existing health conditions & live in a metro city.

2 Keep in mind inflation
Your sum insured needs to sufficient today and in the future. This is only possible if you factor-in inflation when setting the coverage amount of the plan. We offer an add-on that counters inflation by increasing the sum insured of your policy every year. This ensures your plan is future-ready at all times.

3 Add-ons
The next step would be to include the right add-ons. In this regard, one of the most important add-ons you should consider is the critical illness cover. It will provide an extra layer of protection from major, life-threatening illnesses.

4 Cost
You need to find a balance between coverage and cost. The best Mediclaim policy will give you comprehensive coverage without burning a hole in your pocket! With IFFCO-Tokio, this is easy! Our Health Insurance Plans offer comprehensive protection at affordable rates.

5 Choose a good health insurance provider
You should opt for an insurance company with a large network of cashless hospitals & a higher claim settlement ratio. In this regard, IFFCO-Tokio General Insurance Company Ltd. has 5000+ network hospitals & a claim ratio of 92%.

How to Buy a Health Insurance Plan?
To purchase a Health Insurance Plan all you have to do is drop by one of our branches! Rest assured, our team of insurance experts will hand-hold you through the entire purchase process and help you find the best Mediclaim policy for your needs. They will ensure you leave with the policy document in hand and a smile on your face. No time to visit the branch? No problem! You can also buy an online individual Health insurance policy. All you have to do is follow the 3 simple steps given below.

1 Visit our website
Just visit our website, find the 'buy now' button and click on it! Next, you will have to fill a simple online form regarding your insurance needs and submit it.

2 Choose the coverage
Based on your details, we will offer you the best premium rates for your Health Protection Plan. You can alter the perimeters of your plan to match your exact needs.

3 Purchase the plan
You will have to enter some final details and make the payment. Once you have done this, the policy documents will be sent to you and the coverage of your plan will commence soon!

Why to Buy Individual Health Insurance Policy Online
There's probably nothing that can replace a face-to-face transaction That's why you are always welcome to walk into one of our branches to buy a Health Insurance Plan. However, with today's hectic schedules and face-paced life, making time to visit the branch can seem impossible. That is when it is better to buy an online Individual Health Insurance Policy. In fact, buying your plan online will also fetch you the following benefits.

1 Faster
Time is money these days and you can save precious minutes, hours even when you buy an online Individual Health Insurance Policy. The online process can be completed in a few minutes and ensures you get coverage quicker.

2 Added convenience
You can buy online health insurance at any time you want. It could be in the middle of the night or on a lazy Saturday afternoon! You can buy a plan during the lunch break at the office, or even while traveling. If that isn't convenient then what is?

3 Better savings
When you buy an online Individual Health Insurance Policy, you help us save on several overhead costs. And we pass these savings onto you by offering you lower premiums. Thus, our savings are your savings.

4 Paperless
You can forget about physical paperwork when you buy an online Individual Health Insurance Policy. This is because the entire process is online! The best part is you will receive the policy document in your email, ensuring that you always have a softcopy at a hand!