IFFCO Tokio Corona Rakshak Policy

As COVID-19 cases are on a steep rise, what accompanies this ascent is the threat of infection and immense financial burden. The IFFCO Tokio Corona Rakshak Policy is comprehensive insurance to protect your family from the medical expenditures that come if one tests COVID-19 positive and is hospitalized. The policy offers a lump sum pay-out that can be effectively utilized to cover the treatment costs of a medical emergency.

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IFFCO Tokio Corona Rakshak Policy

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    IFFCO Tokio Corona Rakshak Policy: Key Highlights


    Individual Basis (Benefit-based)

    Sum Insured

    Rs 50,000 to Rs 2.5 lakh

    Policy Tenure

    3 ½ months, 6 ½ months, and 9 ½ months

    Loss of Income


    Coverage Offered

    This particular IFFCO Tokio Health Insurance policy offers Sum Insured options from Rs 50,000 to Rs 2,50,000.

    • The single pay-out is a lump sum and equals 100% of the Sum Insured will be payable on testing COVID positive and requiring hospitalization.
    • COVID-19 diagnosis confirmation has to be done from an authorized government centre.
    • Payment will be issued on hospitalization for a minimum continuous 72 hours period.
    • This is a one-time benefit payable for the entire policy tenure. The IFFCO Tokio Corona Rakshak Policywill terminate upon the benefit payment.

    Inclusions of the IFFCO Tokio Corona Rakshak Policy Health Insurance

    Alongside the essential coverage provided by IFFCO Tokio Corona Rakshak Policy Health Insurance, the plan offers additional benefits such as:

    • The lump-sum under the policy will pay for expenditure on consumables like PPE Kits. This is a unique feature and not available under most traditional insurance plans.
    • The provisions of the plan supplement your existing coverage.
    • Since IFFCO Tokio Corona Rakshak Policyis a benefit-based policy, it offers a pay-out that may compensate for an unfortunate loss of income due to a COVID-19 diagnosis.

     Exclusions of the IFFCO Tokio Corona Rakshak Policy Health Insurance

    The following heads of expenditure are not included in the ambit of coverage offered by IFFCO Tokio Corona Rakshak Insurance Policy:

    • Diagnostic and evaluation expenses are excluded.
    • This particular IFFCO Tokio Health Insurance does not cover any diagnosis that is not associated with and not incidental to COVID-19.
    • Any COVID-19 testing done at a diagnostic center that is not approved by the Government is excluded.
    • Any claim related to COVID-19 manifested before the start date of the policy or during the waiting period is not covered.
    • The coverage will cease to apply if the Insured Person travels to any country which is restricted for travel by the Indian Government.

    Features and Benefits of the IFFCO Tokio Corona Rakshak Policy Health Insurance

    Under the IFFCO Tokio Corona Rakshak Policy, the insured can take advantage of the following features that enable the common man to access quality medical care:

    • The lump-sum payment offered to the policyholder ensures that he/she can afford life-saving medical treatment if they are diagnosed with COVID-19 and needs to be hospitalized.
    • Many options for Sum Insured (from Rs 50,000 to Rs 2,50,000) allow comprehensive coverage.
    • This health insurance policy is designed to fill the gaps in your existing Mediclaim and insurance options by considering COVID-19 related exigencies.
    • The premium paid for this policy is qualified for a tax rebate according to 80D of the Indian Income Tax Act.  
    • IFFCO Tokio has a network of more than 5000 hospitals where the insured ca avail cashless treatment.

     Eligibility Criteria

    The minimum eligibility criteria to buy this policy are:

    Maximum Entry Age

    65 years

    Minimum Entry Age

    18 years

    Number of people covered

    Individual coverage only

    Residential Status

    The coverage will cease to apply if the Insured Person goes to any country under the Government of India's travel restriction.  


    Information on Cancellation of Policy

    The company can cancel the policy on the following grounds:

    • Misrepresentation
    • Non-disclosure of material facts
    • Fraud by the insured

    A 7-days notice is provided, and there will be no refund of the premium.


    • Q. What is the policy term for IFFCO Tokio Corona Rakshak Policy?

      Ans: This particular IFFCO Tokio Health Insurance is a short-term health insurance policy. The coverage options are for 3 ½ months, 6 ½ months, and 9 ½ months.

    • Q. Where can I buy IFFCO Tokio Corona Rakshak Policy?

      Ans: Applicants can either approach the nearest bank branch for more details and purchase the policy with a service representative's assistance. Alternatively, you will find all the relevant information and documents on the official website.

    • Q. What are the advantages of an online IFFCO Tokio Corona Rakshak Policy?

      Ans: Buying this policy online is safe and also provides a comparison of various other plans. Moreover, the official IFFCO Tokio website provides 24x7 access, and the virtual assistant will answer any queries that you have on-the-spot. It not only saves time but is hassle-free.

    • Q. How to make an online policy purchase?

      Ans: The policy can be bought online through Policybazaar.com. Visit the website and select ‘Corona Rakshak Policy’. Enter your name, mobile number and clarify who is to be covered. After filling in the required details, the premium is calculated. The coverage is adjusted according to the requirements of the individuals. Make the payment and wait for your copy of your policy documents.

    • Q. Is there a waiting period?

      Ans: Yes, IFFCO Tokio will not be liable for any COVD-19-related claim arising within 15 days from the first policy commencement date.

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