HDFC ERGO General Insurance Company Ltd. is a 74:26 joint venture between HDFC Ltd., India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group. HDFC ERGO offers complete range of general insurance products ranging from Motor, Health, Travel, Home and Personal Accident in the retail space and customized products like Property, Marine and Liability Insurance in the corporate space. HDFC ERGO is the 4th largest private sector general insurance company in India.
Total members covered
Coverage for a maximum of 4 family members with up to 2 adults and 2 children
Pre and Post Hospitalization cover
Medical expenses covered for 60 days before your hospitalization and 90 days for post hospitalization for related medical expenses
Health Check-up expenses reimbursed on completion of 4 claimless years
Life long renewable
Plans are lifelong renewable and covers you for your entire lifetime.
Any pre-existing condition will be covered after a waiting period of 4 year
No Sub-limits on hospital room rents
5% bonus on Sum Insured for every claim-free year
A network of more than 4800+ hospitals to choose from to avail cashless services
Your current age
Lower premium for younger buyers
The premium depends on the number
of insured members
Your room preference during hospitalization matters (such as shared room, private room or private room with high-end facilities) Remember costlier room means higher treatment charges too!
Pre-existing medical condition
Your premium will depend on any pre-existing medical conditions
When you buy a health insurance plan, your policy isn’t implemented with immediate effect. There is a wait time of 30-90 days during which the insurance company is not liable to pay any claims while you sit around twiddling your thumbs.
The duration of coverage is the most important factor in buying a health insurance policy. Your health is most likely going to deteriorate only in your sunset years so ensure that your coverage is lifelong and not for a few years.
A fixed percentage of the hospital bill that will be paid by you while the balance will be paid by the insurance company. Ideally, opt for a “no co-pay” plan so you don’t have to shell out for every claim.
Go over the ailment/diseases covered list with a fine-tooth comb. Insurance companies can reject your cashless claims if the disease for which hospitalization is required isn’t covered by the policy. Pleading temporary insanity won’t help!
You can’t choose your relatives. Luckily, you can decide which family members to include in your health insurance policy. The second important thing is your room preference during hospitalization such as shared room, private room or private room with high-end facilities.
A smart health insurance policy is one that covers you for bolts out of the blue – medical expenses for critical illnesses like cancer, stroke etc.
Consider your budget in order to avoid a huge premium. Don’t pick all the options available under the insurance policy. This will eventually increase your premium amount. So tighten your purse strings sensibly.
The devil is in the details. Always read the “Terms & Conditions” of the policy i.e. features that are not covered under the policy. Make it a point to ask for sample policy wordings. With the in-depth knowledge about certain definitions, terms & conditions, exclusions and offered benefits, you’ll always be the smarty-pants who’s one step ahead.
HDFC ERGO provides a comprehensive health insurance plan fitting well in everyone’s budget. The Health Suraksha plan from HDFC ERGO provides cover for in-patient treatment costs, pre-hospitalization and post-hospitalization expenses, and such other major expenses. With Health Suraksha Plan, be rest assured of no sub-limits on the hospital room rents, hospital charges, diseases and doctor fees.