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Health Insurance 491 views July 14, 2021
Hospital Cash Benefit Add-on Plan from HDFC ERGO helps individuals get a daily cash benefit during their hospitalization for the treatment of an illness or accident. This additional plan provides a wide range of benefits to the customers – hospital cash benefit, companion benefit, modification in the waiting period, etc. You can choose this plan to enhance your overall coverage with an existing health insurance plan.
Have a look at the key features of the plan mentioned below to get a brief overview of the same.
On this page, we will be discussing the features and benefits of the HDFC ERGO my: Health Hospital Cash Benefit Add On Plan extensively. Let’s start without any further delay.
Table of Contents
We have discussed the features of HDFC ERGO my: Health Hospital Cash Benefit Add On Plan below that you should check.
Hospital Cash Benefit
If an insured person needs hospitalization (medically necessary) due to illness or injury sustained or contracted during the policy period, this add-on plan will pay the sum insured per day up to 30 days of hospitalization.
Companion Benefit
This add-on plan will pay an additional amount (up to a specific limit) towards the expenses of an accompanying person during the insured person’s hospitalization up to 30 days.
Policyholders can also opt for the following optional covers by paying an additional premium.
Hospital Cash Benefit – Global
With this optional cover, HDFC ERGO will pay the sum insured if an insured person needs hospitalization outside India due to illnesses or injuries.
Waiting Period Modification Option
When you choose this option, the waiting period (30 days for all claims except accidents, 24 for specific illnesses and procedures or 48 months for pre-existing conditions) under the policy will stand modified.
You can also get discounts on the renewal premium by accumulating healthy weeks. You can accumulate one healthy week by recording a minimum of 50,000 weekly steps up to 15,000 steps per day or burning 900 calories up to 300 calories in one exercise session per day. To know more, check the below table.
Number of Healthy Weeks Accumulated | Discount on Renewal Premium |
---|---|
1 - 4 | 0.50% |
5 - 8 | 1.00% |
9 - 12 | 2.00% |
13 - 16 | 3.00% |
17 - 26 | 6.00% |
27 - 36 | 7.50% |
Above 36 | 10.00% |
Health Incentive
The Health Incentive program from HDFC ERGO encourages policyholders to maintain good health and get a wide range of incentives. Under this benefit, insured persons having pre-existing diseases or obesity (BMI above 30) can get a reduction in medical underwriting loading applied from the inception of the policy.
Wellness Services
With HDFC ERGO my: Health Hospital Cash Benefit Add On Plan, policyholders will also get the following wellness services without any impact on the sum insured or the eligibility for the cumulative bonus.
HDFC ERGO offers customers the option to pay the premium as a lump sum or installments at the inception of the policy as per the following options shown in the below table.
Options | Premium Payment Installment Option |
---|---|
Option 1 | Monthly |
Option 2 | Half-yearly |
Option 3 | Quarterly |
Option 4 | Yearly |
HDFC ERGO offers a free look period of 15 days from the date of receipt of the policy documents to review the terms and conditions of the policy. Within this period, he /she can return the policy on finding it unsatisfactory. The free look period will apply to new individual health insurance policies only and not renewals.
Policyholders will not get coverage in the following situations.