#Virukipolicy | T&C*
Medical emergencies are unforeseen and unpredictable events. The Indian medicine scene has developed rapidly. Advanced treatments and surgeries are now available in India. But it comes at a very high price.
Medical expenses are soaring to a new high. Health complications and emergencies of your near and dear will have negative effects on your physical, mental and emotional state. You can’t be scrambling for finance at that time. Most hospitals today, start treatment only after a deposit is made.
Having a mediclaim policy will steer clear of all these problems. Protect yourself and your loved ones from medical exigencies with Iffco Tokio General Insurance.
This insurance company is a combined business enterprise between Indian Farmers Fertilizer Co-Operative (IFFCO) and its Japanese associates Tokio Marine and Nichido Fire Group. It was incorporated in 2000. The company aims to build customer contentment through transparency, fairness, and quick response. It offers a range of policies tailored to cover a wide spectrum of customers.
It has over 78 Strategic Business Units and 171 Lateral Spread Centres and 400 Bima Kendras. With its Gross Premium clocking at Rs. 3537.2 Crores in 2015-16, it is one of the leading players in the private insurance industry. Apart from conventional products the company also offers niche products like Credit Insurance, Fine Arts Insurance, P&I Insurance and Errors and Omission policy for IT sectors, etc.
As a customer oriented company, it measures its operational efficiencies with its bi-annual customer satisfaction surveys through independent agencies. The insurance company has won the trust and confidence of its policy holders in its 16 years of operation. Its trained and experienced claims handling team make your claim intimation process and claim settlement process, a speedy and transparent one.
Iffco Tokio General Insurance is known for its robust IT infrastructure and fast track settlement of claims. The Government of India bestowed its top honour, National Award on the company for successful implementation of RSBY in 2014. In 2013, it was conferred with CIO100 Super Achiever Awards, Best Employer Brand and AITA E-commerce award. Other notable honors include Institute of Chartered Accountants of India (ICAI) award for excellence in financial reporting, Amity HR Excellence award, Top 100 CISCO awards, etc.
Keeping up with the technological revolution and our dependence on technology, Iffco Tokio offers online services through its web portal. It allows you to buy, renew policies, pay premium, trigger claims and calculate premium. This feature brings all the company’s products to the doorstep of the customer, making it a lot simpler for policy holders.
Apart from making it easy for the customers, Iffco Tokio’s online health insurance plans offer a host of advantages. Payments made towards insurance premium are eligible for tax deduction under section 80D of the Indian Income Tax Act. For online purchase of policy, the company provides digitally signed Policy Document immediately.
Iffco Tokio under its Health Insurance plans offers to make direct payment to the medical service provider or reimburse for expenses occurred for treatment of illness/injury. The company offers auto renewal of sum insured if a claim is made under the policy.
Claims are simple and hassle free process as there is no involvement of third party administrators. It provides cashless facility in nearly 3000 affiliated network hospitals across India. It is one of the few insurance companies to offer full reimbursement of eligible claim amount under its various plans. An existing policy holder of another insurer can migrate to Iffco Tokio insurance plans.
24/7 telephonic assistance is available for queries pertaining to settlements and claims. The general term of the policy is 1 year but one can also opt for top up or super top up plans. When most companies exclude cover for pre existing diseases for 4 years, Iffco Tokio excludes only for 3 years. It also offers discounts on premium for add-on coverages for enlisting family members. Income Tax benefit can be availed for payments made towards premium.
Iffco Tokio Health Insurance provides high coverage at a low premium. The covers provided by the insurance company include hospitalization expenses like:
1. Room rent including boarding and nursing expenses
2. Anesthetist/Medical practitioner, Consultant fees
3. Operating cost on Anesthesia, Oxygen, Blood, Operation Theatre, Drugs, Surgical Appliances, X-ray, Cost of transplantation of organs, etc
4. Expenses on vitamins and tonics only if part of treatment
5. Ayurveda, Unani and Homeopathy hospitalization expenses incurred in Government approved hospitals
6. Ambulance charges up to Rs. 3000 per claim
7. Daily cash allowance at 0.10% of sum insured for the duration of hospitalization
8. Domiciliary hospitalization expenses up to 20% of sum insured
9. Pre and Post-hospitalization expenses for a specified time limit
10. Emergency medical assistance
1. Cumulative bonus by 5% for every claim free year
2. Day care surgeries without hospitalization
3. Cost of health check up
4. Vaccination expenses
These add-on covers can be opted to customize the policy to suit your individual needs.
Iffco Tokio offers its plans under two segments, which are Individual Health Insurance Plans and Group Health Insurance Plans. It caters to the health insurance needs of individuals as well as families. The different plans under these segments are Swasthya Kavach Family Health Insurance, Individual Medishield Policy, Critical Illness Insurance Policy, Family Health Protector Policy, Health Protector Policy and Iffco Tokio Personal Accident Policy. These plans are not only inclusive but also offer comprehensive cover.
Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA
November 13, 2017
On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.
“The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA said.
In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.
In a discussion with all life and general insurance companies, IRDA said the rules have “statutory force” and they have to implement the rule without waiting for the further instructions.
Right now, there are 24 life insurers and 33 general insurance companies operating in the country.
Although, there are no deadlines that have been given by IRDA for the completion of the process, as per the circular, it has to be done as soon as possible. Some insurance companies also said that this can also result in the delay of payout in a few cases. Aadhaar is now also compulsory for financial transactions of Rs 50,000 and above. Likewise, one has to link one’s Aadhaar number with the mobile number latest by February 6, 2018.
November 30, -0001
November 30, -0001