IIFL Insurance
IIFL Insurance is one of the leading financial service provider companies in India, and it’s mostly promoted by first-generation entrepreneurs. For the last 13 years, IIFL insurance has been distributing insurance products. IIFL insurance is registered directly with IRDA as a Direct (Life & General) Broker since November 27, 2008, which is wholly owned by IIFL Securities Limited.
IIFL insurance is one of the best investment and insurance service providers as per the requirement of the client. IIFL fulfils all types of investment and insurance requirements of the clients online. IIFL insurance provides all types of insurance plans for you and your family members by simultaneously comparing all the features and pricing of all the insurance plans online.
IIFL insurance has a very retail-focused model which provides services to over 2 million customers and also includes several first-time customers. IIFL insurance has achieved this milestone by the extensive distribution of insurance over the different locations due to several business locations all over the world and, by applying innovative methods like conducting seminar sales and use of transport for marketing in smaller areas.
IIFL insurance is one of the leading distributors of life, health and general insurance and IIFL insurance has remained a leading service provider in both retail and institutional spaces.
IIFL insurance has a strong grasp of geographical presence all over the county through their offices set up in different regions as well as POS which helps IIFL insurance in providing bandwidth and capacity that helps them in providing excellent sales and point of contact for all online customers.
With the growing competition and the rapid growth of the insurance companies online, IIFL insurance entered the online space, so that it can have leverage over its network. IIFL insurance uses its offline market experience online to gain more leverage over other insurance companies.
IIFL insurance took its company to the next level by providing online services through a mobile app and online portal.
IIFL Health Insurance
As lifestyle ailments are surfacing these days and, with the rise of communicable and vector-borne diseases, IIFL Health insurance company took a notice of these health concerns.
IIFL Insurance company noticed that due to the unfortunate burden of medical inflation like financial stress, depleting of personal savings in medical bills and debts in these times the most secure and the best solution is to have a health care insurance plan.
IIFL Insurance offers different types of health insurance plans like-
- Mediclaim Health Insurance
- Coronavirus Health Insurance
- Family Floater Health Insurance
- Individual Health Insurance
- Group Health Insurance
- Cardiac Health Insurance
- Maternity Health Insurance
And many more types of health insurance are available on IIFL insurance’s website.
Key Features of the IIFL Health Insurance
- it provides cashless medical treatment
- It also covers all the pre-and post-hospitalization expenses.
- Free Ambulance service
- No Bonus Claims
- Provides for free medical Check-up facility.
- Room rent is sub-limits in the Health insurance plan.
IIFL health insurance cashless claim process
In this type of claim, there’s an agreement between the insurer and the hospital which is mentioned in the policy of the company to allow the customer to receive treatments without any payments from the customer. In this type of claim, the amount payable is directly paid to the hospital by the insurer.
3 steps must be followed:
- The policyholder should receive the treatment from only the hospitals that have the tie-up with the health insurance company.
- The policyholder must submit the health insurance policy claim form at the respective hospital.
- After the submission of the form, the hospital sends a form to the health insurance company for approval or any query arising out of the missing information.
Why is a comparison of health insurance plans necessary?
The comparison of health insurance plans is necessary because it provides a clear picture of your requirements and according to that you can select the appropriate health insurance plan. If you are going to compare different health insurance plans look for these benefits:
- Premium
- Add-on offered
- Pre- and post-hospitalization coverage range
- Illness and diseases covered
- Claim settlement ratio
- Cashless claim facility
- Exclusion
Why IIFL insurance offers compulsory home insurance?
IIFL insurance offers compulsory home insurance because what if you took a home loan of Rs 60 Lakhs, but you didn’t buy insurance for the same. Now the question arises what would you do if you face any unforeseen disasters like tsunami, earthquake, theft or short circuit fire? These destructions can cause you financial as well as mental damage. That’s why IIFL insurance offers compulsory home loan insurance so that you can be safe from the havoc that can happen in the future.
Eligibility for IIFL home loan insurance
There are different banks which have their eligibility criteria for insurance. But the most common criteria for applying for home loan insurance is the borrower’s age to be a minimum of 18 years and maximum age of 50 years.
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