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.

IFFCO Tokio Corona Rakshak Policy: Key Highlights

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:

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.

FAQs