Insurance Companies 2316 views August 20, 2020

Toffee Insurance

The pandemic across the country has made many individuals look for health or life insurance plans. Now the people have realized the importance of a health plan and a term plan. But the problem with them is that they will have to buy both the plans separately. So, you can take a look at the Toffee Insurance Plan in which you will get health insurance, life insurance, and household insurance under one plan only. Now, you will not have to buy all the plans separately because you can enjoy all the benefits under one plan only. You can explore the key features of this plan before buying it.


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Key Features of the Toffee Plan

  1. Three Covers under one plan only and they are Health Cover, Life Cover, and Household Cover.
  2. The premium of this policy starts from Rs.600 per month.
  3. Risks related to Covid-19 disease are also covered in this plan.
  4. Flexible coverage as per your requirement.
  5. You can cover up to 4 members of the family.
  6. 98.1% is the claim settlement ratio of the company.
  7. This company is backed up by ICICI Pru, India First, HDFC Ergo, Religare, Tata AIG, Manipal Cigna, and Apollo Munich.
  8. Cashless Settlement of the Claims

Benefits of the Toffee Insurance

Now, you must see the benefits of this plan and find the things that are covered in this plan. You must also explore the other clauses that are not covered in this plan.

Health Insurance

  1. Get a health insurance cover of Rs.3 Lacs, Rs.4 Lacs and Rs.5 Lacs.
  2. This plan includes a hospitalization cover of up to the Sum Assured and Covid-19 hospitalization is also covered in this plan.
  3. If in case the insured is tested COVID Positive then it will be also covered.
  4. Get a cashless facility for the claims across 4000+ network hospitals.
    Expenses prior to 30 days of hospitalization are covered in this plan.
  5. This plan also covers the post-hospitalization cover of up to 60 days.
  6. Home treatment for any disease is also covered up to the amount of the sum assured.
  7. Get the reimbursement of the ambulance expenses of up to Rs.1000.
  8. Hospital Room’s rent is also covered in this plan of up to Rs.2000.
  9. The ICU expenses will also be reimbursed and it will be up to a maximum of the sum assured.
  10. Get a free health check and it will be equal to 1% of the Sum Assured only if you haven’t made any claim in the 3 consecutive years.
  11. This plan covers the organ donor expenses up to a maximum of the Sum Assured.
  12. Enjoy a Cover for the AYUSH Treatment as well in the Toffee Insurance Plan.
  13. You are allowed to increase the Sum Assured at the time of renewal.
  14. Enjoy tax deduction under section 80D of the Income Tax Act.

Terms and Conditions

  1. There is a waiting period of 30 days in this insurance plan.
  2. There is a waiting period of 4 years for pre-existing illness.
  3. Suicide and Self-Injury are not covered in this plan.
  4. AIDS is not covered in this plan.
  5. This plan will not cover OPD Expenses and Pregnancy Expenses.
  6. Optical and Dental Care Expenses are also not covered.

Life Insurance

  1. You can choose the amount of the Sum Assured of either Rs.50 Lacs or Rs.75 Lacs.
  2. You can renew this insurance for up to 40 years.
  3. 75 years is the maximum age of renewal in this insurance plan.
    Enjoy Tax Benefits on the premiums under section 80C of the Income Tax Act 1961.

Terms and Conditions

  1. There no maturity and survival benefit in this plan.
  2. You will not get any return if you survive the policy term.
  3. The company will not make any claim if the insured commits suicide within 1 year from the date of the inception of the policy.

Household Insurance

  1. Flexibility of choosing the Sum Assured among Rs.1 Lac, Rs.2 Lacs and Rs.5 Lacs.
  2. In case of theft in the house the maximum compensation made will be up to the Sum Assured.
  3. Loss due to disasters like Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood, and Inundation are covered in this plan and the maximum coverage will be
    up to the Sum Assured.
  4. Loss due to the electrical breakdown of the utility like Washing Machine, Cooler, Refrigerator, Air Conditioner, and over is also covered.

Terms and Conditions

  1. No claims will be payable in the Toffee Insurance Plan if the belongings don’t have an invoice.
  2. A depreciation of 10% will be charged on the products while computing the claim amount.
  3. This insurance will cover only the household products and not the structure of the house.
  4. Loss of TV, Mobile Phone, Music Systems, etc. are not covered.
  5. Loss of Jewellery and Cash is also not covered.
  6. The company will not cover the loss due to the riots or any terrorism activity.
  7. Theft of Bicycle and Motor Cycle is not Covered.

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