IFFCO Tokio Health Insurance for Parents is a customized Health Insurance Plan that provides medical coverage to the entire family. This Parent’s Health Insurance Plan by IFFCO-Tokio General Insurance Company Limited covers the insured family against a variety of medical expenses on a floater sum insured basis.
Key Benefits of IFFCO Tokio Health Insurance for Parents
IFFCO Tokio Health Insurance for Parents comes with the following key benefits:
1. No pre-acceptance medical check-up for up to 45 years.
2. 5% cumulative bonus up to 50% for every claim-free year.
3. Cost of health check-up after every four claim-free years.
4. Cashless treatment facilities at more than 6800 empanelled hospitals.
5. Reinstatement of the sum insured upon its exhaustion.
6. Tax benefits under Sec 80D of the Income Tax Act.
7. 10% discount for existing customers of IFFCO-Tokio General Insurance Company
IFFCO Tokio Health Insurance for Parents
The following table showcases the IFFCO Tokio Health Insurance for Parents available in the market:
Plan Name | Sum Insured (Rs) |
IFFCO Tokio Family Health Protector Plan | 1.5 lakh to 30 lakh |
IFFCO Tokio Swasthya Kavach Plan | 1 lakh to 5 lakh |
Pre-existing Diseases Waiting Period
For IFFCO Tokio Swasthya Raksha Bima, the waiting period is of 48 months.
For IFFCO Tokio Swasthya Kavach Plan, the waiting period is of 48 months as well.
Eligibility Criteria for IFFCO Tokio Health Insurance for Parents
Take a look at the eligibility criteria that need to be fulfilled to buy a IFFCO Tokio Health Insurance for Parents:
Categories | Eligibility Criteria |
Minimum Entry Age | 3 months to 18 years |
Maximum Entry Age | 18 years to 65 years |
No of Family | Self, spouse, dependent |
Members Covered | Children, parents and parents-in-law |
Renewability | Lifelong |
Inclusions of IFFCO Tokio Health Insurance for Parents
IFFCO Tokio Health Insurance for Parents offers the following coverage:
1. Hospitalization Expenses
2. Organ Donor Expenses
3. Domiciliary Hospitalization
4. AYUSH Hospitalization
5. Daily Allowance (excluded in Family Health Protector plan)
6. Ambulance Charges (excluded in Family Health Protector plan)
7. Pre-hospitalization Medical Expenses (excluded in Family Health Protector plan)
8. Post-hospitalization Medical Expenses (excluded in Family Health Protector plan)
9. Day Care Procedures (excluded in Family Health Protector plan)
10. Emergency Assistance Services (excluded in Family Health Protector plan)
11. Terrorism (under Family Health Protector plan)
Optional Covers:
1. High Sum Insured for Critical Illness
2. Critical Illness (excluded in Swasthya Raksha plan)
3. Daily Allowance (under Family Health Protector plan)
4. Ambulance Charges (under Family Health Protector plan)
5. Pre-hospitalization Medical Expenses (under Family Health Protector plan)
6. Post-hospitalization Medical Expenses (under Family Health Protector plan)
7. Day Care Treatment (under Family Health Protector plan)
8. Emergency Assistance Services (under Family Health Protector plan)
The coverage and optional covers under IFFCO Tokio Health Insurance for Parents varies from one plan to another.
Exclusions of IFFCO Tokio Health Insurance for Parents
The following medical expenses are not included under IFFCO Tokio Health Insurance for Parents:
1. OPD treatment
2. Dental treatment
3. Maternity expenses
4. Sterility and infertility treatment
5. Treatment for alcoholism or drug abuse
6. External congenital disease
7. Plastic surgery or cosmetic
Conclusion
The blog is designed and written in such a way that it provides an individual with all the possible tips and tricks and plans that should and one must purchase to safeguard our parent’s health and let them live their lives with peace, love and ease.
So, what are you waiting for? Go and grab the IFFCO Tokio Health Insurance Policy Plan for your parents and stay lively.
FAQs on the IFFCO Tokio Health Insurance for Parents
Q1. What are the waiting periods applicable to IFFCO Tokio Health Insurance for Parents?
Ans: The following waiting periods apply to IFFCO Tokio Health Insurance plans for parents:
1. Pre-existing Diseases Waiting Period – 48 months
2. Initial Waiting Period – 30 days
3. Specific Diseases Waiting Period–12/24 months
4 Diabetes/Hypertension Waiting Period- 90 days
Q2. What is the maximum discount I can avail under IFFCO Tokio Health Insurance for Parents?
Ans: The maximum discount that you can avail under the IFFCO Tokio Parents Health Protector plan is 25%.
Q3. Does IFFCO Tokio Health Insurance for Parents comes with any co-payment?
Ans: No, the IFFCO Tokio Health Insurance Plans for Parents does not come with any co-payment.