IFFCO Tokio Group Health Insurance
IFFCO Tokio Group Mediclaim Insurance Policy provides a well-structured plan to cover various needs of individuals in need of different health plans.
IFFCO Tokio plans are suitable for a wide variety of group structures at a very reasonable cost. IFFCO Tokio policies are quite cost-effective for employers with a decent tax benefit.
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Key statistics of IFFCO Tokio group health insurance
GHI Premiums
GHI lives insured
Health lives insured
Health claims Processed
Health claims settlement ratio***
Health claims Settled within 3 months
Awards and recognitions
Future of Digital Innovation Awards 2021
Asia's Best General Insurance Company
Technology Leader of the Year
Best General Insurance Company in Claim Management
Social Media Campaign Award
Best Insurance Company in Private Sector
Asia's Top Most Influential Insurance Leaders
Highlights of IFFCO Tokio’s group health insurance
Industry experience of 20+ years
Customized coverage plans based on the company’s needs
Extensive network of 6900+ hospitals across India
A highly trusted brand within the insurance sector
Lucrative tax benefits for the employer
Offers cover from day 1 of enrollment
Why go for group insurance?
Here are reasons why Plum and IFFCO Tokio is the right choice for your group insurance needs:
Added advantage
Today is the era when besides salary, an employee also looks at the work environment and extra benefits that come along with the job. When it comes to Health Insurance, group medical policies act as one of the best benefits that an employee expects.
Tax benefits
Besides being advantageous for employees, a corporate that opts for a group medi claim policy, provides tax benefits to the employers. The expenses incurred on group health insurance are deductible as business expenses and help lower the overall taxable income.
Employee satisfaction
Ideally suited when a corporate group is traveling together or the nature of business requires frequent travel.
Aids retention
The policy provides cover for COVID treatment and pre-hospital expenses. Even the treatment opted through Ayush is covered.
Standard benefits offered by IFFCO Tokio group health insurance
Standard benefits
Lower premiums
Group mediclaim policy by IFFCO Tokio is more affordable than its individual health plans.
Customization
Policy can be tailor-made to the specific requirement of an individual member of the group.
One policy for all
This policy is issued under the organization’s name and covers the members of the group all at once in the policy.
Cashless claims
Policy provides cashless claim features at various network hospitals of IFFCO Tokio general insurance.
No waiting period
Health policy with IFFCO provides cover from the very first enrollment in the policy.
Other incentives
IFFCO Tokio policy provides various benefits to the enrolled members of the policy, which can act as an added perk for employees.
Family cover
Policy comes with a possibility to include the employee’s family in the cover, which can help dependents in a medical emergency.
Additional Benefits
No health check-ups for enrollment
The policy does not require the group member to go for mandatory health check-ups prior to enrollment.
Diagnostic and consumables
In case of hospitalization, this policy provides cover for various diagnostic tests and consumables utilized during treatment.
Pre and post hospitalization expenses
Expenses incurred and pre and post-hospitalisation 30 and 60 days respectively.
Domiciliary hospitalization
Coverage for domiciliary at reasonable and customary level charges.
Room rent and boarding charges
Included
AYUSH treatment
Cover for treatment undertaken up to a reasonable level
Please note that Plum has collated and presented this data for informational purposes only and at a particular point in time. Plum does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer. The final terms, conditions, and premiums may vary depending upon factors including group size, age, location, and applicable taxes.
Here's how IFFCO Tokio is better with Plum
Single dashboard
Employers get an admin dashboard with Plum that allows them to simply manage their employees, such as adding, deleting, or filling up employee information, among other things.
Easy claims procedure
The Plum claims process can be initiated via WhatsApp chat, which provides great ease to employees. Other functions available include downloading the policy document, viewing policy details, and so on.
Accessibility
Employers can access employee insurance data, check claim status, and file a claim via the Plum admin dashboard, using any device.
Extra perks
Besides providing insurance to its employees, Plum also provides a variety of additional wellness benefits. This feature makes the Plum offer much more appealing in today's demanding world.
Different organization structures
Regardless of the size of your company, Plum can provide you with competitive estimates for your group insurance needs.
Competitive pricing
Plum offers the best quotes from top insurers for a wide range of group plans.
Lodging a claim under IFFCO Tokio’s group health insurance plans
In the case of a medical emergency covered under your IFFCO Tokio Group Health Insurance Plan, you should contact the insurance company immediately and register your claim. The other claim-related steps are:
Claim form
Doctor's certificate
Summary of the discharge
Medical bills
Prescriptions
Reports from diagnostic tests, X-rays, scans, and ECGs, as well as other films
Receipts in advance and at the end.
Cashless claim form
Supporting medical documents
Health card membership number
Conclusion
IFFCO Tokio Group health Insurance provides a comprehensive cover with the option of personalization as per different requirements of the individuals in the group.
Group health insurance provides aids to reduce the financial burden on the employee through providing coverage against various medical procedures expenses and aiding in enhancing the loyalty of the employees towards the organization.
Frequently Asked Questions
Can I add or remove members after the initial setup?
Super top-up is additional coverage of 20 lakhs added to your existing policy. You can avail the additional cover for yourself, and/or for your entire family (self+spouse+2 kids), and/or your parents.
This policy, however, comes with waiting periods on certain critical illnesses and applicable deductibles.
How are premiums calculated for additions?
Yes, you can add new employees, add new dependents (at the time of marriage or childbirth), and remove employees who exit the company. Additions and deletions can be done using the Plum dashboard.
Do I get refunded for deletions?
Deductible refers to the amount paid by the policyholder (via out-of-pocket or other medical insurance policy) before the super top-up kicks in. Read all about how a deductible works here.
How do I pay for additions and deletions?
No, the policy doesn’t cover same-sex or unmarried couples.
Can an employee convert the group plan to an individual plan if they leave the company?
No, the policy doesn’t cover same-sex or unmarried couples.