Do's & Don'ts of Buying Family Health Insurance by IFFCO Tokio Health Insurance

Nothing is more important than the safety and well-being of your family. While there’s no bigger joy than living with your loved ones, it can be painful to watch them unwell. No matter how protected you keep your family, they are bound to get ill or injured. In fact, senior citizens and kids are more prone to diseases and they may need medical attention frequently. Managing the medical expenses that follow can threaten your lifelong savings and even earn you a debt. The only way to get the best healthcare facilities without exhausting your savings is by covering your whole family under a reliable family health insurance policy.

Read More

Policybazaar exclusive benefits
30 minutes claim support##
(In 120+ cities)
Relationship manager
For every customer
24*7 claims assistance
In 30 mins. guaranteed*
Instant policy issuance
No medical tests~
People trust Policybazaar^
6.7 crore
Registered consumers
51
Insurance partners
3.4 crore
Policies sold
Policybazaar is one of India's leading digital insurance platform

0%

Find affordable plans with up to 25% Discount**

Select members you want to insure

  • More Members
  • Back
    Continue
    By clicking on “Continue”, you agree to our Privacy Policy and Terms of use
    Maximum child sum can be 4
    This will help us calculate the premium & discounts for your family
    Previous step
    Continue
    This will help us to find the network of Cashless Hospitals in your city

      Popular Cities

      Previous step
      Continue
      Get to plans directly next time you visit us
      Please provide your active international number
      Previous step
      Continue
      We will find you the plans that cover your condition.

      Do any member(s) have any existing illnesses for which they take regular medication?

      Get updates on WhatsApp

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step
      Advantages of
      entering a valid number
      You save time, money and effort,
      Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium
      Advantages of entering an International Number
      Prompt connectivity
      Find the right plan in under 20 minutes
      Get best discounts
      Ensure smooth issuance

      Family health insurance is a kind of health insurance plan designed to cover the entire family. It provides financial aid to pay for the medical bills incurred by a family without the need for buying separate policies for each family member. Family health insurance comes with floater coverage where a single sum insured amount is utilized by all the family members. Family Health Protector Plan by IFFCO Tokio General Insurance Company Limited is one of the best bets when it comes to buying  family health insurance plans.

      Do’s & Dont’s of Buying IFFCO Tokio Family Health Insurance Plan

      IFFCO Tokio health insurance offers family health plans that provide comprehensive coverage to pay for the various health needs of an entire family. However, you must take care of a few things to enjoy the policy benefits and get your health insurance claims approved. Following are the dos and don’ts of your buying a family health plan by IFFCO Tokio health insurance:

      Dos:

      Do Go Through Policy Inclusions & Exclusions

      Before buying an IFFCO Tokio family health plan, you must educate yourself about the inclusions and exclusions of the plan. You must be aware of the medical expenses that are covered and the benefits available under the plan. You must also carefully understand the situations where your claim will be rejected by the insurer. After you have understood the inclusions and exclusions, you can take an informed decision of buying the policy.

      Do Check Waiting Period for Pre-Existing Diseases

      Mostly, pre-existing diseases are covered under health insurance after a waiting period. For instance, the Family Health Protector plan covers pre-existing diseases of the insured after four years of continuous coverage. No matter which plan you buy, you must check the waiting period for pre-existing diseases to ensure that you don’t make any claims for such diseases during the waiting period.

      Do Check the Diseases That Are Not Covered

      While purchasing a family health plan, you must check the list of diseases that are not covered under the plan throughout the policy tenure. For instance, Family Health Protector plan by IFFCO Tokio health insurance does not cover maternity expenses. You must also go through the list of specific diseases that may be covered after a waiting period. For instance, varicose veins treatment is covered after one year wait period under the Family Health Protector plan.

      Do Go Through Policy Sub Limits

      Several health insurance plans cover certain medical expenses with sub-limits. They have a limit up to which an expense will be covered. For instance, Family Health Protector plan covers domiciliary hospitalization expenses for up to 20% of the total sum insured. By checking the sub-limits beforehand, you will be aware of the amount of coverage available and when you may have to pay from your own pockets. You should go ahead with buying the plan only if the sub-limits are acceptable to you.

      Dont’s:

      Don’t Hide Any Details on Pre-Existing Medical Conditions

      A lot of people, especially senior citizens, have pre-existing diseases. It is important for the applicant to disclose the details of pre-existing medical conditions of all family members at the time of buying a health insurance policy. Pre-existing diseases, such as hypertension, diabetes, etc. are covered after a waiting period. If you hide information about such diseases to get the resultant medical expenses covered during the waiting period and get caught by the insurer, you may have to pay a penalty and your policy may cease to exist.

      Don’t Raise a Claim for Minor Expenses

      Not every medical expense should be claimed. You must avoid raising a claim for minor expenses as it can hamper your cumulative bonus. For every claim-free year, you get a cumulative bonus of 5% of the sum insured. This bonus can be accumulated for up to 50% and can be used to save on your health insurance premium. But if you raise a claim for a minor expense, it will restore your cumulative bonus to zero and you will have to start from scratch. Thus, raise a claim only for major medical expenses.

      Don’t Delay Payment of Premiums

      You must always pay the renewal premium for your IFFCO Tokio health insurance policy before the policy expiry date. By renewing your policy on time, you avoid your family health policy from getting lapsed. A lapsed policy not only leads to a higher renewal premium but also forfeits/ cancels your cumulative bonus/ continuity benefits respectively. Besides, any medical emergency that occurs while your health policy has expired will not be covered by the insurer.

      Don’t Make False Claims

      You should never make any fraudulent claims under your family health insurance policy. If your insurer recognises your false claims, they will forfeit your paid premium and cancel your health insurance policy. Some insurers may also take legal actions. So, make honest claims to avoid any hassles later.

      Summing It Up

      Family health insurance is important to ensure the availability of quality healthcare facilities to your family. However, you must take into consideration the aforementioned dos and don’ts to get your claims approved and a claim amount as per your expectations.

      book-home-visit
      Search
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

      Health insurance Articles

      • Recent Article
      • Popular Articles
      01 Jul 2024

      Surgeries Covered Under ICICI Lombard Health...

      Life can throw unexpected medical emergencies your way, making

      Read more
      27 Jun 2024

      Is LASIK Surgery Covered by ICICI Lombard Health...

      Waking up with a clear vision is a dream for many. LASIK surgery

      Read more
      21 Jun 2024

      Does ICICI Lombard Health Insurance Cover...

      Cataract surgery is an essential procedure for people seeking to

      Read more
      14 Jun 2024

      Father’s Day 2024: Gift Your Father Health...

      Father’s Day is celebrated every year on the third Sunday of

      Read more
      05 Jun 2024

      Does SBI Health Insurance Cover Dental Treatments?

      SBI General Insurance Company provides comprehensive coverage

      Read more

      How to Apply for Ayushman Bharat Pradhan Mantri...

      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal

      Read more

      10 New IRDAI Health Insurance Guidelines in 2024

      Health insurance penetration in India is far lower than it should be. A significant chunk of the Indian population

      Read more

      10 Major Benefits of Ayushman Bharat Yojana

      Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi

      Read more

      Best Health Insurance Plans for Senior Citizens

      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance

      Read more

      Does Health Insurance Provide Coverage for LASIK...

      A vast majority of the Indian population is suffering from vision problems. For some of them, LASIK eye surgery is

      Read more

      *We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881. Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. As per the Insurance guidelines, you are allowed to cancel the policy with-in 15 days from the date of Issuance of policy. For more details, please read the Plan Brochure carefully or talk to our advisor at the time of purchase.

      *All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.

      **All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.

      *₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.

      *₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases

      *₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.

      *₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.

      *No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.

      *The values taken for effective cost calculation are indicative values and may change as per the selected plan.

      *Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.

      *Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.

      *The scope of coverage may vary from plan to plan.

      ~Source: Google Review Rating available on:- http://bit.ly/3J20bXZ

      ##On ground claim assistance is available in 114 cities

      Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.

      STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

      Policybazaar is a registered Composite Broker |Registration No. 742, Valid till 09/06/2024, License category- Composite Broker (Life & General)| Visitors are hereby informed that their information submitted on the website may be shared with insurers.

      Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001 Contact Us | Legal and Admin Policies

      © Copyright 2008-2024 policybazaar.com. All Rights Reserved.

      top
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL