IFFCO Tokio Individual Medishield

IFFCO TOKIO Individual Medishield is a health insurance plan covers an individual or the entire family in case of hospitalisation in the event of an illness or accident. It also covers pre and post hospitalisation expenses.

• Medical reports required only for persons over 45 yrs of age
• In case of an emergency, assistance services like medical consultation, evaluation and referral, emergency medical evacuation, care for minor children etc are provided
• Provides an option of Critical Illness Rider
• Family discount of 5% for 2 people and 10% for 3 or more members

• Hospitalisation expenses which includes doctors' fees, room rent,  ICU charges, nursing expenses, surgical fees, anesthesia and oxygen administration and operating theatre expenses
• Daily hospital cash allowance during hospitalisation
• Medical expenses incurred 60 days before hospitalization are reimbursed
• Medical expenses incurred after being discharged, that are related to the hospitalisation for a period of 60 days are covered
• Expenses for emergency ambulance charges to the nearest hospital 

• Expenses incurred on general health check-up done once in 4 claim-free years are reimbursed
• 5% extra on sum insured for every claim free year
• Critical illness rider to cover 10 major illnesses can be bought additionally
• General health check-up expense reimbursed in case of 4 claim-free years (only in wider plan)

• Individual
• Family members

Health Insurance Premium up to Rs 15,000 is eligible for tax deduction each year under section 80D of the Income Tax Act for self, spouse and dependant children. Additionally, premium up to Rs 20,000 is eligible for tax relief or parents’ health cover if they are senior citizens.

• All treatments except within first 30 days of taking the policy
• Pre-existing diseases
• 1 year exclusion on treatment of diseases such as cataract, hypertrophy, menorrhagia, hysterectomy, sinusitis, piles etc.