Individual Health Insurance
Buy/Renew Personal Health Insurance Policy Online
Buy/Renew Personal Health Insurance Policy Online
Individual health insurance offers a key advantage over family plans: customization. Unlike family health insurance plans where everyone shares one coverage amount, individual health insurance plans provide coverage for each member separately. With individual health insurance, you can tailor your sum insured, coverage to your specific needs and health conditions.
Here's why individual plans shine:
Flexibility: Choose a sum insured amount that aligns with your budget and health risks.
Targeted Coverage: Prioritize the benefits that matter most to you, whether it's comprehensive hospitalization coverage or additional benefits like critical illness protection.
No Dependence: Unlike employer-sponsored plans, individual health insurance remains with you even if you change jobs.
So, take control of your health security. Explore individual health insurance plans and find the one that empowers you to face the future with confidence.
Buy/Renew Personal Health Insurance Policy Online
Having an Individual Health insurance plan has become extremely important in today's day and age. With health risks rising each day, you need to have a plan that safeguards you. 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 an individual Health insurance plan, regardless of our age & current health. Here are some reasons for this:
You get the benefit of availing cashless treatment in any hospital of your choice
There would be no need for any medical check-up before buying an Individual Health Insurance policy till the age of 60 years.
Your Individual Health Insurance plan covers hospitalization claims and other treatment expenses incurred due to COVID-19.
With our plan, you get pre-hospitalization expense coverage of up to 60 days and up to 90 days for post-hospitalization expenses.
Individual Health Insurance plan covers ambulance charges up to 1% of Sum Insured or ₹ 2500, whichever is less.
Up to 380-day care procedures are covered with our Individual Health Insurance policy.
Any expenses incurred on AYUSH Treatments will be covered.
An additional daily allowance will be given to the insured individual for managing any miscellaneous expenses during your hospitalization.
Get access to a hassle-free and quick claim settlement with IFFO-Tokio’s Individual Health Insurance policy.
You get the benefit of various wellness services like yoga sessions, cashless tele-health consultation, and discounts on e-pharmacy, health check-ups, etc.
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 :
Individual Health Insurance Plan covers hospitalization charges like Room Rent, Surgical Expenses etc.
Individual health insurance policy covers cover for pre-hospitalization medical expenses.
Individual health insurance policy covers post-hospitalization medical expenses.
Individual health insurance covers 380 planned day-care treatments.
Individual health insurance policy covers ambulance expenses.
Individual health insurance cover expenses for treating critical illnesses.
Emergency assistance service is covered with individual health insurance.
Health check-ups coverage is available with individual health insurance.
Individual health insurance covers AYUSH treatments.
While an Individual 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- These procedures aim to improve appearance, not address a medical condition. Examples include liposuction, Botox injections, and elective surgeries like nose jobs.
Pregnancy-related conditions- Pregnancy and childbirth are considered natural events, not illnesses. Therefore, they are typically not covered in Individual Health Insurance plans.
Injuries caused due to self-harm or suicide attempt- These are acts that are done intentionally, and health insurance typically doesn't cover them.
Injuries suffered due to war, /or nuclear explosion - These are considered high-risk activities that are outside the scope of standard health insurance coverage.
Buy/Renew Personal Health Insurance Policy Online
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I like the features offered by IFFCO Tokio.
Robust coverage options and hassle-free enrollment process
While researching for critital illness insurance policies online, I came across Iffco Tokio. After going through both policies in detail, I realised that these policies are good and completely apt for my needs.
I finally have the peace of mind I've needed thanks to your health insurance policy.
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Happy with the health insurance plan that I received.
Reimbursement Claim- In this case, you could have to pay for all your medical expenses and we would then reimburse the costs incurred. Just contact us within a couple of days of your hospitalization – our customer care team will guide you with the further processes.
Cashless Claims- The easiest way to claim your Individual Health Insurance Plan is to opt for cashless treatment. If you choose to get medical treatment from any cashless hospital, we will directly settle your medical bills with the hospital.
Intimate
Survey & Verify
Settle
You have multiple options to register a claim for your health insurance :
QCS App
Call Centre
Website
Branch Walk-In
SMS
Let’s check these steps in detail –
QCS App - QCS, or Quick Claim Settlement, applies to health claims on a reimbursement basis for amounts under Rs. 25,000. Simply upload the necessary documents on the app, and upon approval, your claim will be settled promptly.
Call Centre - You can register a claim for compensation online or by reaching us on 1800-103-5499 or 0124- 4285499. Our customer care executives will guide you with the further procedure.
Website - To make a claim online via IFFCO Tokio website, you will have to log in with your credentials (registered Email ID and Password). When you are logged in, just find the ‘make a claim’ option and follow the steps mentioned.
Walk-In - Please feel free to visit your policy issuing branch Mon–Fri from 9:30 AM to 6:00 PM (excluding national holidays) if you wish to discuss your claim in person. To learn more about our branch locations, please use our Branch Locator.
SMS – To simplify your claim journey, you have to just SMS “CLAIM” to 56161 and one of our Claims representatives will get in touch with you in 4 Working Hours.
Email - You can email us at "support@iffcotokio.co.in" with your policy and mobile number, and our support staff will get in touch with you to initiate the claim process.
Get Cashless Treatments in 7000+ Network Hospitals
Buy/Renew Personal Health Insurance Policy Online
Individual Health Insurance acts as a safety net from unexpected medical bills which can drain all your savings. A good individual health insurance plan allows you to customize the plan with a range of add-ons to fit your budget and health concerns.
Common coverages include hospital stays, surgery costs, ambulance charges, and even pre- and post-hospitalization expenses.
Key Features | Benefits of IFFCO-Tokio |
---|---|
Sum Insured | Up to Rs. 20 lakhs |
Room Rent Charges | Upto Actuals depending on Sum Insured |
ICU Rent Charges | Upto Actuals depending on Sum Insured |
Ambulance Charges | Up to Rs. 2,500 per hospitilization |
Daily Allowance Cover | Up to Rs.1,000 per day depending on Sum Insured |
Co-pay | Nil |
Critical Illness | Covered |
No medical test upto | Age 60 |
Reinstatement Benefit | Available |
Day Care Cover | 380+ Procedures Covered |
Online Renewal | Available |
Lifelong renewal | Yes |
Tax Benefit under 80D | Available |
Cashless Treatment | Available at 7000+ Hospitals |
Covid-19 Treatment | Covered |
Claim Assistance | With 24/7 customer service |
Pre Hospitalization Expenses | Upto 60 Days |
Post Hospitalization Expenses | Upto 90 Days |
Nursing Expenses | Covered |
Wellness Benefit | Covered |
Members Covered | You, your spouse, dependent children, brother, sister, brother-in-law, sister-in-law, nephew, niece or any other relation who is dependent or relatives living together with you and dependent parents on individual sum insured basis |
Let us look at the benefits of having an Individual Health Insurance plan:
Put your worries to rest with an Individual Insurance policy as it covers you and other member under the policy against expenses such as medical emergency, hospitalization, surgical treatments, etc.
Having a health insurance plan would serve as safety net, protecting you from unforeseen circumstances which may arise due to medical reasons.
Usually, an Individual Health Insurance plan covers hospitalization expenses, day care treatment, medical emergencies, health check-ups, and many more aspects, ensuring that you and other members under the plan get wider coverage.
You get to choose from a range of add-ons like wellness benefit, critical illness cover, room rent waiver, etc., which can be added to your basic plan and make your policy even more enhanced.
You get access to quality healthcare as almost all the insurance providers have a wide network of hospitals. This gives you more options in choosing your preferred doctor.
In India, premiums paid for individual health insurance plans are partially tax-deductible under Section 80D of the Income Tax Act. This reduces your overall healthcare cost and encourages investment in health insurance.
For every claim-free year, you will receive some percentage of sum insured as a bonus on renewal of your policy. This is an incentive given to the insured for maintaining a healthy lifestyle.
With an Individual Health Insurance plan, you get services like medical check-ups, vaccinations, and screenings which help you to keep a check on your health on a regular basis.
Buy/Renew Personal Health Insurance Policy Online
There are many questions which comes to our mind when deciding to buy an Individual Health Policy. Let us have a look at some of the basic criterion which may impact your eligibility:
Age- The minimum age for buying an individual health plan is 18 years and the maximum age limit is 60 years.
Nationality- Our policy covers Indian nationals residing in India.
Medical History- Any pre-existing medical conditions including chronic illness, history of cancer, or any disorder would impact the waiting period and policy coverage.
Lifestyle habits- If you are into smoking and alcoholism then both your eligibility and premium rate would get affected.
Occupation- If the nature of your job is risky, you might have some specific eligibility criteria.
A right health insurance plan is a perfect balance of optimal coverage, without requiring you to pay higher premiums. Due to the lack of prior information and research, many individuals end up with either too little or too much coverage. To ensure this doesn't happen to you, we have listed a few considerations to keep in mind when buying an Individual Health Insurance Plan.
Age- Your health is influenced by many factors, age being a prominent one. Younger adults may need to cover unanticipated health consequences whereas senior citizens need a broader coverage for critical illness as well.
Coverage- It is important to ascertain that your health insurance plan gives complete coverage for all your medical needs. Look for plans that cover hospitalization, COVID-19 treatment, health check-ups, etc., to maximize your healthcare benefits.
Sum Insured- Your sum insured needs to be sufficient for today and in the future. When choosing a sum insured, factor in medical inflation when setting the coverage amount of the health insurance plan.
Premium- You need to find a balance between coverage and cost. The best Mediclaim policy for an individual will give you comprehensive coverage without burning a hole in your pocket! With IFFCO-Tokio, this is easy! Our Individual Health Insurance Plans offer comprehensive protection at affordable rates.
Network Hospitals- It is advisable to go for a healthcare policy which has a well-established network of hospitals. This makes it easier for you access medical care without worrying about the healthcare provider. While IFFCO-Tokio boasts an extensive network of over 7,000 hospitals. But if you prefer, our plans offer “Anywhere Cashless” options allowing you to seek cashless treatment at any hospital.
Claim Settlement- The claim settlement process should be prompt and hassle-free, whether it's a reimbursement claim or a cashless claim.
Add-ons- There are many plans which have an option to get add-on coverage for specific medical needs like daily cash allowance, which maximizes your protection but with additional premium.
Policy Wording- Thoroughly read the policy wording to have a better understanding about the coverage, inclusions, and exclusions before making a final decision.
Customer Service- To have a quick and responsive customer service makes the insurance journey smooth sailing. IFFCO Tokio is known for its customer-centric approach and efficient customer service. They have a dedicated team to assist customers with queries, claims processing, and policy-related matters, ensuring a hassle-free experience.
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.
Buy/Renew Personal Health Insurance Policy Online
To purchase an Individual Health Insurance Plan online, all you have to do is follow the 3 simple steps given below.
Visit the health insurance renewal section on our website.
Enter your policy number and the insured person's name.
Double-check your details, then click "proceed" to continue.
Pay your premium using our secure payment system. Once renewed, we'll send your policy documents electronically.
An Individual Health Insurance Premium Calculator can help you estimate the cost (or premium) of your policy. Here's what you'll need to enter in the calculator:
Step 1- Add the number of members, their date of birth, gender, relation along with your name and contact details.
Step 2- Choose from the list of add-ons available and click ‘recalculate’ to ascertain the final premium amount after adding the add-ons.
Your cost of premium for the selected coverage is displayed on the screen.
Your Health Insurance Premium is calculated based on the type of plan you choose, any additional add-ons, and the coverage it offers. Apart from this, there are some other factors which also affect the premium payable on your Individual Health Insurance policy. Let’s dive deep into all these factors:
Reducing your individual health insurance can help you save money while you enjoy complete financial protection from unanticipated medical bills.
Individual Health Insurance Plan:
1 Personalized Coverage: Tailored to the specific healthcare needs of the individual policyholder.
2 Portability: Can be retained even if you change jobs or become self-employed.
3 Choice of Coverage: Allows flexibility in selecting coverage options, deductibles, and benefits according to individual preferences.
4 Premiums: Typically paid entirely by the individual, although some employers may offer subsidies or reimbursements.
5 Continuity: Offers continuous coverage regardless of employment status or changes in employer-provided benefits.
6 Control: Provides individuals with control over their healthcare choices and insurance decisions.
Employer Health Insurance Plan:
1 Group Coverage: Provides health insurance coverage for employees and sometimes their dependents as part of a group plan.
2 Employer Subsidies: Often subsidized by the employer, reducing the cost of premiums for employees.
3 Limited Choice: Offers limited options for coverage and benefits, determined by the employer's chosen plan.
4 Portability Limitations: Coverage may be lost or altered if you change jobs or leave the employer.
5 Control: Usually controlled by the employer.
6 Flexibility: Usually offers standardized benefits and coverage options for all employees within the group plan.
Here's a quick table summarizing the key differences:
Feature | Individual Health Insurance | Employer Health Insurance |
---|---|---|
Who pays premium | You | You and/or your employer |
Flexibility | High | Limited |
Portability | Portable | Tied to employment |
Premium cost | Potentially higher | Potentially lower |
Income Tax benefits | Yes | No |
Choice | High | Limited |
Buy/Renew Personal Health Insurance Policy Online
Health insurance offers a valuable shield against financial hardship during medical emergencies. However, did you know that it can also reduce your tax liability? In India, tax deductions for paid premiums are one of the ways the government encourages people to have health insurance.
Section 80D under the Income Tax Act provides tax deductions to individuals for the premiums paid for health insurance, thereby reducing their taxable income. If you have an Individual health insurance plan, the deductions will be done in the following manner:
1 You and Your Family (Under 60):
Deduct up to ₹25,000 per year for health insurance premiums.
2 You, Your Family (Under 60), and Your Parents (Under 60):
Deduct up to ₹25,000 for yourself and family.
Additionally, deduct up to ₹25,000 for your parents.
3 You, Your Family (Under 60), and Your Parents (Above 60):
Deduct up to ₹50,000 for your parents' health insurance.
Plus, deduct up to ₹25,000 for yourself and family.
4 You and Your Family (All 60 or Above):
Deduct up to ₹50,000 per year for health insurance premiums.
5 You, Your Family (Above 60), and Your Parents (Above 60):
Deduct up to ₹50,000 for yourself and family.
Additionally, deduct up to ₹50,000 for your parents.
Total permissible deduction: ₹1,00,000.
The following table shows the tax savings you can avail:
Policy for? | Deduction for Self & Family |
Deduction for Parents | Maximum Deduction |
---|---|---|---|
Self & Family |
₹ 25,000 |
- |
₹ 25,000 |
Self & Family + Parents |
₹ 25,000 |
₹ 25,000 |
₹ 50,000 |
Self & Family |
₹ 25,000 |
₹ 50,000 |
₹ 75,000 |
Self & Family + Parents |
₹ 50,000 |
₹ 50,000 |
₹ 1,00,000 |
Write us at support@iffcotokio.co.in
Call us on 1800-103-5499
* Disclaimer- On the basis of your profile, premium may change. Premium displayed is for one member between 20-25 years of age. Per day premium is for indication only, Premium is payable on Annual basis.