HDFC ERGO Critical Illness Plan

HDFC ERGO is one of the top insurance companies that have a variety of insurance products. It has always satisfied its customers with the cashless claim settlements and round the clock services. Therefore, many individuals prefer HDFC ERGO for buying an insurance plan. So, the company has recently launched the HDFC ERGO Critical Illness plan in which it covers 15 types of major illnesses. This plan has been categorized into two parts and they are the Silver Plan and the Platinum plan. You will have to decide the option at the time of the inception of the policy. So, let’s explore all the key features and benefits of this insurance plan

Key Features of the Critical Illness Plan

1. Free to choose the amount of the Sum Assured.
2. Buy this plan for a long term that is you are allowed to have a long Policy Term and cover.
3. There are two options available in the Critical Illness Plan.
4. Cashless settlement of all the claims.
5. 15 Critical Illnesses are covered in this plan.
6. This plan is available at an affordable premium.
7. It covers life-threatening diseases and compensates for their treatment.
8. Enjoy Tax Deductions according to the prevailing tax laws in India.

Benefits of the Critical Illness Plan

There are some benefits of this plan that will help you know the importance of it. You must explore all the benefits and the critical illnesses that are covered in this plan before buying it.

No Medical Check-up is Needed

There is no need for the medical check-up in this insurance plan up to the age of 45 years. If your age is less than 45 years then you will not have to go through the medical check-up to take this insurance plan. People having the age of above 45 years have to go through a medical check-up.

Up to 15 Critical Illnesses are covered

This plan provides you with a wide roof to cover all the major illnesses that are life-threatening. You can cover up to 15 critical illnesses under the same plan. The treatment for critical illnesses needs a lot of money so it is better to take a health insurance plan.

Cashless Claim Settlement

The company provides the facility of cashless claim settlement directly to the hospital. You will not have to visit the branch to collect the cash. The company directly transfers the claim amount to the hospital where the treatment is going on.

Long Policy Term

Most of the health insurance policies offer a policy term of 1 year. But in the HDFC ERGO Critical Illness plan, you can have a policy term of 2 years. The time period of the cover for critical illness will be increased to two years.

Lifetime Renewability

There is no maximum age to renew the policy. The company gives you the option to renew the plan for a lifetime. You will enjoy a health cover for life by renewing it every year but the amount of the premium will increase as your age and health risks increase.

Free-Look Period

You will get a free-look period of 15 days in this health insurance plan. It means that if you don’t find the policy interesting then you can return it to the company within 15 days. The company will pay you the premium amount that you have given at the time of inception of the policy.

Tax Deductions

You can also enjoy tax deductions in this policy by showing the amount of premiums while computing your taxable income. The deductions are allowed as per the tax laws and you can save up to Rs.50000.

Options in the HDFC ERGO Critical Illness Plan

There are two options available in this plan in which the numbers of critical illnesses are different. The two plans are the Silver Plan and Platinum Plan. The Silver Plan covers only 8 Critical Illnesses and the Platinum Plan Covers 15 critical illnesses. Let’s see the critical illnesses covered in these plans.

Critical Illnesses Covered in Silver Plan

1. Heart Attack
2. Multiple Sclerosis
3. Stoke
4. Cancer
5. Major Organ Transplantation
6. Coronary Artery Bypass Surgery
7. Paralysis
8. Kidney Failure
9. Critical Illnesses Covered in Platinum Plan
10. Heart Attack
11. Multiple Sclerosis
12. Stoke
13. Cancer
14. Major Organ Transplantation
15. Coronary Artery Bypass Surgery
16. Paralysis
17. Kidney Failure
18. Aorta Graft Surgery
19. Primary Pulmonary Arterial Hypertension
20. Heart Valve Replacement
21. Parkinson’s Disease
22. Alzheimer’s Disease
23. End-Stage Liver Disease
24. Benign Brain Tumour