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Health Insurance 1102 views May 10, 2021
HDFC ERGO my: Health Hospital Cash Benefit is a rider that you can add to your existing health insurance plan. Under this add-on cover, you’ll get the benefit of hospital cash if you are hospitalized due to an illness or injury. This policy can be issued on an individual or family floater basis, where you can include your spouse and children. Keep reading this page further and know the benefits of HDFC ERGO my: Health Hospital Cash Benefit – Add On Plan.
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If you suffer from an illness or accident during the policy term and are admitted to the ward, the insurer will pay a daily cash amount for each continuous and completed period of 24 hours hospitalization. Whereas if you are admitted to an Intensive Care Unit (ICU), the daily cash amount will be 2X the one you get for admissions in other wards, subject to a maximum of seven days for each hospitalization.
In case your ward is transferred to ICU and vice versa, the daily cash benefit would be as per the limits stated in the policy document. On the day of the ward shift, the insurer will pay the regular hospital cash benefit.
The maximum liability of the insurer shall be restricted to the following amounts as opted by you –
Note – The Hospital Cash Benefit shall be payable for a maximum of 30/60 days per policy year.
You can purchase this add-on cover if you meet the following age criteria
Check out the below pointers and know the details of HDFC ERGO my: Health Hospital Cash Benefit – Add On Plan –
Note – The premium amount will be based upon the age of the insured person and the sum insured he/she chooses.
You aren’t eligible for daily cash benefit if your hospitalization is directly or indirectly related to the following –
The policy benefits shall be payable to you after the expiry of the following waiting period
If you are presently covered under HDFC ERGO health insurance without any lapses, the waiting period shall be reduced or stand deleted. The above-mentioned waiting period shall be reduced by the number of continuous preceding years of coverage under the base policy.
You can get the daily cash benefit under HDFC ERGO my: Health Hospital Cash Benefit – Add On by following the steps shown below –
Once the required documents are submitted, the insurer will transfer the admissible amount, along with a settlement statement within 30 days from the date of submission of the claim documents.
Note – If there is any deficiency in the documents/information, you’ll receive a deficiency letter within 7 days of submission of the claim documents.
You have a 15-day free look period from the date of receipt of the policy document, where you can review the terms and conditions of the policy and return the same stating the reasons for cancellation. On such cancellation, the insurer shall refund the paid premiums after deducting the medical check-up cost, stamp duty charges and proportionate risk premium for the period on the cover.