Health Insurance 449 views February 11, 2021

A health insurance plan can help protect your finances in case a medical emergency happens to yourself or your family. The cost of medical treatment has been rising at such a fast rate that you can lose all your savings paying hospital bills if you don’t have a health insurance plan. HDFC ERGO is one of the leading health insurance companies in India offering several plans to its customers. But you may ask about the advantages of buying health insurance from HDFC ERGO, which is pretty valid.

Health Insurance

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You should know all the features of a health insurance plan before choosing the same to maximize. In this post, we will talk about the advantages of HDFC ERGO Health Insurance Plans. Keep reading to know more!

Benefits to Have with an HDFC ERGO Health Insurance Plan

One of the ways to gauge whether a health insurance plan would suit you is to understand its advantages. With HDFC ERGO health insurance plans, you can enjoy a high claim settlement ratio,  availability of network hospitals, lifelong renewability, hassle-free claim process, etc. We are talking about them below. Have a look!

Availability of Network Hospitals

When you choose a health insurance plan from HDFC ERGO, which is one of the most trusted brands, you can enjoy the cashless treatment at network hospitals. HDFC ERGO has a wider coverage of more than 10,000 hospitals across India where you can get the treatment without paying any bills. You only need to admit yourself or any of your family members there and the company will directly settle the bill with the network hospital. To find the nearest network hospital, you just need to visit the official website of HDFC ERGO health insurance and enter your area pin code.

Different Types of Health Insurance Plans

HDFC ERGO understands that different people may have different requirements when choosing a health insurance plan. Keeping this in mind, HDFC ERGO offers health insurance plans designed for different segments such as families, aspiring individuals, aging parents, corporate employees, senior citizens, diabetic patients, women, etc.

All health insurance plans come under mainly three categories – Indemnity Health Insurance Plan, Top-up Health Insurance Plan, and Fixed Benefit Health Insurance Plan. Some of the popular HDFC ERGO Health Insurance plans under these categories are

  1. Optima Restore
  2. My Health Suraksha
  3. My Health Medisure Super Top-up
  4. My Health Women Suraksha
  5. Corona Kavach
  6. Critical Illness insurance

Individuals can choose any of the plans according to their healthcare needs for themselves and their families.

What is Covered Under HDFC ERGO Health Insurance?

With an HDFC ERGO Health Insurance plan, you can get cover for hospitalization expenses, pre and post hospitalization expenses, mental healthcare expenses, daycare treatment expenses, as well as receive recovery benefit, AYUSH benefits, multiplier benefits, etc.

Lifelong Renewability

One of the best things about HDFC ERGO Health Insurance Plans is the lifelong renewability, which ensures that you never look back. With HDFC ERGO plans, you can continue getting protection from any medical emergencies without any limit on renewals for a lifetime.

Multiplier Benefit

With this advantage from the HDFC ERGO Health Insurance Plan, individuals can enjoy an increase of up to 50% of the basic sum insured in the next policy year if they don’t claim in a policy year. Suppose your sum insured is INR 6 lakh and you haven’t claimed during your policy year. With the multiplier benefit, it can grow up to INR 9 lakh in your next policy year.

Free Renewal Health Checkups

If an individual chooses to renew his or her policy within 60 days after the policy end date, HDFC ERGO provides a free health check-up.

Claim Settlement Ratio and Process

HDFC ERGO holds an IAAA rating from Investment Information and Credit Rating Agency (ICRA), which denotes its higher claim settlement ratio. A higher ratio indicates greater chances of getting the claim amount from a health insurance company. HDFC ERGO Health Insurance also has more than 20 years of servicing customers. Individuals can choose between Cashless Claims and Reimbursement Claims when claiming health insurance.

The cashless claim option has 4 steps – intimation, approval/ rejection, hospitalization, and Claim Settlement. On the other hand, in the case of the reimbursement claim option, the four steps are hospitalization at non-network hospitals, claim registration, verification of your claim, and claim settlement.

Tax Benefits

You can also save tax with an HDFC ERGO health insurance policy on premiums paid under Section 80D of the Income Tax Act, 1961.

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