Iffco Tokio Swasthya Kavach - Wider (Family Health Insurance)

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Iffco Tokio Swasthya Kavach- Wider (Family Health Insurance)

	Objective			An online health insurance policy that aims to cover a family on a floater sum basis against basic hospitalisation expenses along with 10 major critical illnesses on an optional basis.
Suited for			Anyone upto 60 years of age can enter this policy. It can cover a family upto 2 adults and 3 children.
What does it do?			This is a family floater health insurance policy where Sum Assured can be utilized by any of the insured members. In addition to Basic coverage, Wider Plan offers an optional Critical Illness Benefit on payment of extra premium. The claim for critical illness is also available on floater basis and will be settled on reimbursement basis. It covers illnesses such as Carcinoma /Sarcoma /Blood Cancer, Varicose veins/ Varicose Ulcers without any waiting period. It also allows a free health check up after a period of 4 claim free years and the policyholder is also entitled to receive a cumulative bonus on renewal for each claim free year.
Pros			This policy can be bought online. Emergency Assistance Services is useful in case a situation of urgency arises. Premium paid towards this policy qualifies for tax relief under Section 80D of income tax act.
Cons			Room rent and boarding benefits are capped. Policy does not allow lifetime renewals.
Our View			A decent policy coverage for a family. Critical Illness rider is must if you have a family history of any of the stated illnesses. It does not allow lifetime policy renewal which is a major drawback. Old age is an age when the risk of ill health is maximum and health insurance becomes crucial. Buying a new policy at that age becomes a Herculean task. You should prefer policies that offer lifelong renewal facility.
Eligibility
Entry Age (years)
Minimum		18
Maximum		60
Maximum Policy Renewal Age (years)		80
Coverage Type		Family floater
Policy Term (years)		1
Sum Insured (Rs)
Maximum		5 lakh
Minimum		2 lakh
No Claim Bonus		5% of Sum Insured for each claim free till it reaches 50% of sum insured with 'Wider Plan' only
Customer Service
Address		Corporate Office: IFFCO TOWER 4th & 5th Floors Plot No.3, Sector 29 Gurgaon-122001 Haryana (India)
Mail to		websupport@iffcotokio.co.in
Call to		1800-103-5499(toll free) or 0124-4285499
SMS		CLAIM' to 56677
Network Hospitals		Https://www.paramounttpa.com/ProviderNetwork/ProviderNetwork.aspx

 

	Scope Of Cover
Cashless facility		available if taken in a network hospital
Reimbursement facility		available if treatment taken in non-network hospital
Pre hospitalisation expenses		covers expenses upto 30 days prior to admission to hospital
Post hospitalisation expenses		covers expenses upto 60 days after discharge from hsopital
Inpatient Hospitalisation
Room expense and boarding		covered upto 1.5%(2.5% for ICU expense) of sum insured per day
Day Care Procedures		121 such procedures are covered
Hospital Daily Allowance		Rs 250 per day
Local ambulance services		upto Rs 1500
General Health Check-up		covered upto 1% of sum insured payable once after 4 consecutive claim free years
Sub-limit on cover for certain illnesses such as cataract, hernia, knee joint etc.		Not applicable
Additional benefits (requires payment of extra premium)
Critical Illness Benefit		available on payment of extra premium. Covers 10 critical illnesses
Emergency Assistance services		provides medical consultation, emergency medical evacuation, care for minor children etc in case of emergency

 

	Exclusions and Waiting Period
Pre-existing diseases		covered after 4 continuous policy renewal
No claim period		30 days commencing from issue date of the policy
Waiting period		covered since inception date of the policy.1 year for any type of Carcinoma /Sarcoma /Blood Cancer etc.2 years for cataract, hernia, piles, sinusitis etc.
Other exclusions		naturopathy or other non-allopathic treatmentsOut patient treatment, AIDS or related conditions

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