IFFCO Tokio Health Insurance Renewal

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*Tax benefit is subject to changes in tax laws. Standard T&C Apply

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      IFFCO Tokio Health Insurance Renewal

      IFFCO Tokio Health Insurance renewal is crucial to ensure nonstop coverage of an IFFCO Tokio Health Insurance policy. Policyholders can conveniently renew their medical insurance online by paying the premium through flexible e-payment options. Besides, policyholders can access a wide range of coverage benefits by renewing their health policy before its due date.

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      Benefits of Renewing an IFFCO Tokio Health Insurance Policy Before Expiry

      Renewing an IFFCO Tokio Health Insurance policy before its expiry offers numerous advantages. Here are some of them:

      • Continuous Coverage - To ensure uninterrupted and continuous medical protection, policyholders must renew their IFFCO Tokio Health Insurance policies before the due date. Neglecting to do so can lead to a coverage gap, making policyholders ineligible to file any claims with the IFFCO-Tokio General Insurance Company.
      • Retention of No Claim Bonus - Policyholders who do not make any claims in the preceding policy year are entitled to a valuable reward known as the No Claim Bonus (NCB). This bonus helps to get renewal premium discounts or an increased sum insured. However, if an IFFCO Tokio Health Insurance policy is not renewed on time, it will lapse, and policyholders will lose their NCB.
      • Lower Premiums - Timely renewal of an IFFCO Tokio Health Insurance policy prevents policyholders from paying higher premiums. This is because insurance companies often charge higher premiums to individuals who renew their policies after the due date. On-time renewal will ensure policyholders optimal coverage without facing unnecessary financial strain.
      • Tax Benefits - Under Section 80D of the Income Tax Act, 1961, the premium payments made towards an IFFCO Tokio Health Insurance policy qualify for tax benefits. However, this benefit cannot be availed if the policy is not renewed on time and lapses.

      How to Renew an IFFCO Tokio Health Insurance Policy?

      Follow these simple steps to renew your IFFCO Tokio health insurance policy seamlessly online:

      Step 1: Go to the website of Policybazaar Insurance Broker Private Limited

      Step 2: Locate the 'Renew Your Policy' option at the top of the page and click on 'Health Renewal'

      Step 3: Enter your registered mobile number as well as the OTP received on your phone

      Step 4: Fill in the necessary details and proceed to pay the premium for renewing your IFFCO Tokio health insurance policy

      Step 5: If you are a new user of Policybazaar.com, click on the 'Health Insurance' icon on the homepage

      Step 6: Select your gender, provide your name, and choose the individuals you want to insure, along with their respective ages

      Step 7: Enter your city of residence or the pin code, and provide your phone number

      Step 8: Select the appropriate option to provide the required information regarding your medical history

      Step 9: Choose the IFFCO Tokio health insurance policy you want to renew and complete the premium payment online

      Upon receiving the premium payment, the IFFCO-Tokio General Insurance Company will renew your policy.

      IFFCO Tokio Health Insurance Renewal Grace Period

      All IFFCO Tokio Health Insurance policies provide a grace period, allowing policyholders some extra time to pay their renewal premium after the due date. By paying the renewal premium within this grace period, policyholders can prevent their IFFCO Tokio Health Insurance policy from lapsing.

      The grace period duration for IFFCO Tokio Health Insurance renewal may vary from one insurance plan to another. However, most IFFCO Tokio health plans offer a renewal grace period of 30 days.

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      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

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