IFFCO Tokio Health Insurance Renewal

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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.

      FAQs

      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*
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      Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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      *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. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.

      *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| 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

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