Quote Form

Our representative will call you within few minutes
Health Insurance 481 views July 10, 2021
HDFC ERGO Hospital Cash Insurance Plan could suit people looking for a plan that can give them a daily cash amount during their hospitalization due to an illness or an injury. By choosing this plan, you manage your daily expenses during the hospitalization in a hassle-free manner. You can choose this policy on an individual sum insured basis. Before going any further, you should check out the prominent features of this plan mentioned below.
If you want to understand this plan in a detailed way, this page could be a good read for you as we will discuss these features extensively here. Let’s start without any further delay.
Table of Contents
As the name suggests, HDFC ERGO Hospital Cash Insurance Plan offers a daily cash amount to the policyholders during hospitalization. We have discussed its benefits below. Do check.
With this plan, individuals can choose from different sum insured options – INR 500, 1,000, 1,500, 2,000 or 2,500 per day for a maximum of 30 or 60 days per policy year for each continuous 24 hours of hospitalization.
If an insured person faces an illness or injury during the policy term and needs to be hospitalized as an in-patient, the plan offers a daily cash amount according to the following situations.
Note: If an insured person is transferring from the general ward to ICU and vice versa, the hospitalization would be considered as continuous and the daily benefit would be as per the limits mentioned above. Also, on the day of such shifts, the policy will pay the benefit according to the hospital ward.
HDFC ERGO Hospital Cash Insurance Plan can be issued for one year only. However, it can be renewed for a lifetime unless the insured person or anyone acting on the behalf of the insured person has involvement in an improper, dishonest or fraudulent act.
Policyholders can also enhance their sum insured at the time of renewal if they haven’t made any claim under the policy.
The premium amount for HDFC ERGO Hospital Cash Insurance Plan depends on the sum insured and the age of the insured person. The minimum amount stands at INR 244 for the sum insured option of INR 500 per day for individuals below 17 years.
If two or more family members are covered under the same policy, HDFC ERGO will offer a family discount of 5% on the premium amount.
Have a look at the important conditions related to the policy mentioned below.
HDFC ERGO offers a free look period of 15 days from the policy start date within which you can review the terms and conditions of the policy and cancel it if you disagree with the same. The company will refund the premium after adjusting the amount spent on medical check-ups, stamp duty charges and proportionate risk premium. You can only cancel your policy if you haven’t made any claim under the policy.
Note: Free look period will not be applicable and available at the time of policy renewal.
HDFC ERGO Hospital Cash Insurance Plan will not provide coverage in the following situations.