The IFFCO Tokio Group Health Insurance Plans aims at providing the best possible plans for the employees and their families associated with any of the firm at very economical and affordable premium prices.
Group Health Insurance Policy from IFFCO-Tokio
Group Health Insurance is nothing but a type of medical insurance that offers protection and coverage to your employees as well as their families against the unforeseen healthcare emergencies. Usually, the group health insurance policy plan is designed differently by the different organisations depending upon the needs and requirements of their employees.
A group health insurance policy makes sure and take care of all the expenditure which is related to various different health care assistance that the employees of a company and the family of the employees, if covered. Under the Group Health Insurance Policy Plan, the approximate sum which is promised under the plan is the same and equal for all the employees, and all the employees are provided with a bounus option of increasing the approximate sum insured as per their needs and requirements.
The premium amount that is submitted or paid to the Group Health Insurance Policy Plan can be shared between employee and employer. However, there are a few cases, where the employer chooses to pay the complete premium amount for its employees and offers all the benefits of a health insurance policy at absolutely zero amount free to its employees. The IFFCO Tokio Group Health Insurance Plans offers many of the highlighting features and benefits which can aid an employer to provide financial protection to its employees in case of health emergencies.
What does IFFCO Group Insurance Health Policy Plan Covers?
The inclusion of the IFFCO Tokio Group Health Insurance Plan are as mentioned below:-
1. All the expenses that might arise because of the travelling in the ambulance are covered in this policy.
2. The cost of expenses which is up there in case of maternity hospitalization and birth of a newborn baby are all included in the plan.
3. Diseases that is there with an individual either since birth or before applying for the policy plan.
4. All the expenses of all the daycare processes and procedures are included in the policy plan.
5. Not only this, but all the expenses related to the pre and post hospitalization are also taken care of under this policy plan.
6. All the cost of operation theatre are also covered.
7. Cost of pacemaker, process of dialysis, expenditure that might arise because of organ transplant procedure, radiotherapy, and the most expensive process of cancer treatment the chemotherapy are also covered.
What is not covered under the IFFCO Group Health Insurance Policy Plan?
There are few of the exclusions are mentioned below but since Group Mediclaim is a type of policy which allows and favours changes and amendments, so the same can be amended by paying some additional premium.
1. Costs that is ready for you to pay in case if you have opted for a naturopathy treatment is not covered by this group insurance policy.
2. The costs of spectacles, hearing aids, and contact lenses are also not included and covered under the policy plan.
3. The group mediclaim policy plan does not cover the process of inoculation, vaccination and cosmetic surgery. The procedure of cosmetic surgery is only included and considered if it is highly recommended by the doctor to save an individual’s life.
4. This policy plan does not cover the expenses which are incurred for the treatment of sterility, fertility or any assisted conception procedure, self-harm or an attempt of suicide, psychosomatic disorders, and any type of diseases or injuries caused because of intoxication or drugs.
5. All the expenses that up there because of your diagnostic tests are also not taken care of by the policy plan.
6. Treatment for conditions waving up to you because of obesity, weight management issues, and more is strictly not offered by the IFFCO Tokio Group Health Insurance Plan.
10. Stay in hospitals for domestic reasons where no active treatment has been provided by the hospital to the insured person or persons will not be covered by us.
11. Costs that might have gathered because of the process of sex-change, out-patient diagnostic operations, usage of non recommended drugs and medicines, replacement of hormones therapy, and more is not be covered by the policy.
12. Pre-hospitalization and post-hospitalization expenses in terms of doctor’s home visits, nurses and attendants is also not covered under the group insurance policy plan.
Benefits of IFFCO Group Health Insurance Policy Plan for the Employer
As an employer, it becomes extremely very important to make the working staff feel important, appreciated & sound. One of the ways to make this happen is to get a group mediclaim policy. These plans will surely aid your employees when ever they or any member of their family is facing health care issue. The group mediclaim will help them by paying and covering all the healthcare expenses. Mentioned below are few of the major reasons why as an employer it is a must to get a group insurance policy done for your firm .
1. This will act as the spotlight of the job profile!
To make your business a successful event in the market, you require good and skilled employees. However, the individuals searching for a job, does not only need a good salary, along with this, they look for some major perks and in that case, this group medical insurance can be the game changer. This simple act by the employer leaves an impact that they are covering some extra miles for them as an employee and their families too.
2. Talent Retention
Just imagine that one fine day one of your most skilled employees is offered another job with a higher hike in the salary. However, the employee chooses to stay loyal to your firm rather than going for the hike in the salary. This happened only because of the perk that your company provides healthcare benefits along with the fixed salary. Therefore, it can be seen and observed that because of the healthcare benefit, retention rate goes up and up.
3. The Feel Good Factor is the X Factor
A group mediclaim policy provides coverage to your employees and their family members as well. This act definitely creates a goodwill around the firm. Because of this small effort, the people working as employees feel valued and secured. It also boosts them to put their best foot forward and put in the vest possible work for the organisation. Basically, a group health insurance plan makes sure a family and the work place more and more a happier and healthier.
4. Tax Benefits
The Group Medical Insurance also tends to provides you with tax benefits. The premium amount of the group medical policy is 100 percent tax deductible by law. It can be described under the business expenses and can help an individual lower the taxable income of your firm.
Benefits of IFFCO Group Health Insurance Policy Plan for the Employees
The salary or the permanent income is no longer the main aim or the oxygen for survival for the job applicants. In today’s working environment the employee also search for the company that offers add on benefits like medical coverage for the individual as well as their family members along with the employment opportunities.
1. Zero Waiting Period
One of the most exciting benefits of a group insurance policy is that it has zero waiting period. An individual can avail benefits of the plan from the he or she will join the organisation. This will make sure that even your pre-existing conditions will be covered in this.
2. No Health Check-ups Needed
When you wave up at a health insurance company to purchase a plan, there is a big huge possibility that they might ask you to undergo a medical test before providing you with an insurance policy. However, when we are there for a group insurance policy, no medical test is needed to be done.
3. Payable Premium Amount is Zero
Since, the employer chooses to pays for the group insurance policy plan, the employees and their families can simply enjoy it’s coverage without paying a single penny from his or her own pockets. When people at times say that the best things in the world are free of cost, then those people must be referring to a group mediclaim policy.
4. Cover Available for the Family Members
This feature may vary from policy to policy, but the group health insurance policy plans generally covers the employees along with their family members. These plans provides protection to the dependents of the employees by providing them the financial in case of any medical emergency.
FAQs- IFFCO Tokio Group Health Insurance Plan
Q1. Will my pre-existing conditions be covered under my group health insurance policy?
Ans – The Group Mediclaim is a alterable product, in case the client shows some specific needs, then the Pre-existing diseases can be included in the coverage from day one on the account of the additional premium. You can easily be covered for the pre-existing health conditions! This is one of the biggest highlights of a group mediclaim insurance policy plan. And for this an individual is not at required to go through any medical tests or wait for the waiting period to get over.
Q2. What is Group Mediclaim Insurance?
Ans – The Group Mediclaim Insurance Policy Plan can be described as a type of health insurance plan which can be used to provide protection to a group of individuals ranging from 50 to more, generally employees working in a firm. These plans can also be considered to provide coverage for other different groups, which includes associations, corporate firms, institutions, and more like these. These plans protects the insured individuals and their family members against injuries, illnesses and other medical conditions.
Q3. Is group mediclaim insurance cheaper than individual health insurance?
Ans – Yes, as the Group Mediclaim Insurance covers a long list of individuals simultaneously, these plans aims to be more affordable than the other normal individual health care insurance policy plan.
Q4. Does group mediclaim insurance have a waiting period?
Ans – No, this is the spotlight of the policy plan. Unlike other policy plans, this Group Mediclaim Insurance Policy Plan does not have any waiting period. An individual is eligible to avail all the benefits and coverage right from the day you he or she is included in the plan.
Q5. What does the policy not cover?
Ans – The things and procedures which are not included in this Group Mediclaim Insurance Policy Plan are listed below:-
1. Costs that is ready for you to pay in case if you have opted for a naturopathy treatment is not covered by this group insurance policy.
2. The costs of spectacles, hearing aids, and contact lenses are also not included and covered under the policy plan.
3. The group mediclaim policy plan does not cover the process of inoculation, vaccination and cosmetic surgery. The procedure of cosmetic surgery is only included and considered if it is highly recommended by the doctor to save an individual’s life.
4. This policy plan does not cover the expenses which are incurred for the treatment of sterility, fertility or any assisted conception procedure, self-harm or an attempt of suicide, psychosomatic disorders, and any type of diseases or injuries caused because of intoxication or drugs.
5. All the expenses that up there because of your diagnostic tests are also not taken care of by the policy plan.
6. Treatment for conditions waving up to you because of obesity, weight management issues, and more is strictly not offered by the IFFCO Tokio Group Health Insurance Plan.
10. Stay in hospitals for domestic reasons where the hospital has provided no active treatment to the insured person or persons will not be covered by us.
11. Costs that might have gathered because of the process of sex-change, out-patient diagnostic operations, usage of non recommended drugs and medicines, replacement of hormones therapy, and more is not be covered by the policy.
12. Pre-hospitalization and post-hospitalization expenses in terms of doctor’s home visits, nurses and attendants is also not covered under the group insurance policy plan.
Q6. Can I be covered by two group mediclaim insurance policies at once?
Ans – Yes, one can avail and enjoy direct cover from the employer, and simultaneously an individual can also enjoy the coverage as a dependent through their spouse’s Group Insurance Policy Plan.
Q7. Can I have an individual health insurance plan and a group insurance policy?
Ans – Yes, in addition to the Group Mediclaim Insurance Policy Plan, an individual can also own an individual Health Insurance Policy Plan to enjoy better security and coverage at the time of medical emergencies.
Q8. What are the advantages of buying Group Mediclaim Policy?
Ans – Just as the name says, this policy plan can be used to secure a number of people simultaneously under the same policy, thus making the plan a must needed and highlighted form of online business of insurance. There are different reasons why this policy is extremely very economical for the office employees, as well as an ideal choice when it comes to cheap business insurance options. The major advantages of the Group Mediclaim Insurance Policy Plan are:-
1. This policy provides coverage in case of diagnostic tests and the prescribed medicines.
2. The policy also covers the expenses of pre-hospitalization and post-hospitalization costs.
3. Daycare and domiciliary hospitalization treatment are also covered by the IFFCO Tokio’s Group Mediclaim Policy.
Q9. What does the policy covers?
Ans – The IFFCO Tokio’s Group Mediclaim Insurance Policy Plan have the below mentioned Inclusions:-
1. All the expenses that might arise because of the travelling in the ambulance are covered in this policy.
2. The cost of expenses which is up there in case of maternity hospitalization and birth of a newborn baby are all included in the plan.
3. Diseases that is there with an individual either since birth or before applying for the policy plan.
4. All the expenses of all the daycare processes and procedures are included in the policy plan.
5. Not only this, but all the expenses related to the pre and post hospitalization are also taken care of under this policy plan.
6. All the cost of operation theatre are also covered.
7. Cost of pacemaker, process of dialysis, expenditure that might arise because of organ transplant procedure, radiotherapy, and the most expensive process of cancer treatment the chemotherapy are also covered.