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.
Key Features of IFFCO-TOKIO Individual Medishield Insurance Policy
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
What is covered in IFFCO-TOKIO Individual Medishield Insurance Plan?
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
Additional Benefits of IFFCO-TOKIO Individual Medishield Insurance Plan
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)
Eligibility and Restrictions of IFFCO-TOKIO Individual Medishield Insurance Policy
Coverage Amount (in Rs.)
Policy Term (in years)
Entry Age (in years)
Family floater policy will cover
Tax Benefits in IFFCO-TOKIO Individual Medishield Insurance Policy
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.
Exclusions - What is not covered in IFFCO-TOKIO Individual Medishield Insurance Policy?
All treatments except within first 30 days of taking the policy
1 year exclusion on treatment of diseases such as cataract, hypertrophy, menorrhagia, hysterectomy, sinusitis, piles etc.