Irrespective of where you live, health uncertainties can arise without warning, potentially disrupting our lives and finances. Understanding the importance of safeguarding yourself against such uncertainties is paramount. Enter the HDFC ERGO Critical Illness Insurance Plan – a comprehensive solution designed to provide financial protection in the face of critical illnesses.
The plan offers coverage against 15 specified critical illnesses, including heart attack, kidney failure, and stroke in times of distress. One of its key features is the provision of a lump sum amount upon the first diagnosis of any of the covered critical illnesses (as per policy terms).
In your journey towards securing well-being, having access to reliable information about health insurance plans becomes indispensable. Through this detailed guide of the HDFC ERGO Critical Illness Insurance Plan, we aim to unravel its benefits, empowering you to make informed decisions about your health and financial security.
HDFC ERGO Critical Illness Insurance Plan: Key Highlights
- Sum Insured: Ranging from Rs 1 lakh to Rs 50 lakh
- Policy Tenure: 1 year, 2 years
- Plan Types: Silver, Gold, or Platinum plans, catering to varying coverage needs
- Pre-Policy Medical Check-ups: Depending on individual health conditions
- Pre-existing Disease Waiting Period: 4 years
- Critical Illness Waiting Period: 90-day waiting period for coverage against critical illnesses
- Survival Period: Either 15 days or 30 days mandatory for the insured to receive the lump sum amount
Also Read: HDFC ERGO Health Insurance – Complete Guide
Benefits of HDFC ERGO Critical Illness Insurance Plan
In your pursuit of a robust health insurance plan, the HDFC ERGO Critical Illness Insurance plan emerges as a comprehensive solution, offering a range of benefits that address both health and financial concerns. These include:
- Coverage for 15 critical illnesses to address the diverse landscape of health risks individuals face
- Assurance of a lump sum payment upon the first diagnosis of any of the critical illnesses covered.
- Tax benefits under Section 80D of the Income Tax Act
Inclusions of HDFC ERGO Critical Illness Insurance Plan
As mentioned above, HDFC ERGO Critical Illness Insurance policy offers a lump-sum payout to the policyholder in the event of a first-time diagnosis of any of the 15 specified critical illnesses within the policy year. The coverage varies across different plans. For instance, the Silver plan provides coverage for 8 illnesses, while both the Gold plan and the Platinum plan offer coverage for 8 and 15 critical illnesses respectively.
Recommended Read: All About HDFC ERGO Health Super Top-up Suraksha Plan
Exclusions of HDFC ERGO Critical Illness Insurance Plan
The plan does not cover the following:
- Any health condition arising from the abuse of alcohol or other intoxicants
- Injuries sustained while participating in adventure or hazardous sports activities
- Conditions related to pregnancy and its complications
- Health conditions arising from or related to tuberculosis
- Any hospitalization resulting from a breach of law or illegal activities
- Health issues arising from congenital external defects
- Injuries intentionally inflicted by the policyholder or attempts at suicide
- Hospitalization resulting from war or nuclear perils
HDFC ERGO Critical Illness Insurance Plan Eligibility Criteria
For those considering the HDFC ERGO Critical Illness Insurance Plan, adherence to the specified eligibility criteria is fundamental. Here’s the criteria you must fulfil to purchase this comprehensive health coverage:
- Minimum Entry Age: 18 years for adults and 5 years for children
- Maximum Entry Age: 65 years
- Coverage Type: Individual coverage
FAQs
What is the extent of critical illnesses covered by HDFC ERGO Critical Illness Insurance?
The HDFC ERGO Critical Illness Insurance policy provides coverage for a range of critical illnesses, varying based on the selected plan type. Understanding such distinctions enables individuals to tailor their coverage according to specific health needs.
Is it possible to renew my HDFC ERGO Critical Illness Insurance policy after filing a claim?
Unfortunately, renewal is not an option once an HDFC ERGO Critical Illness insurance claim has been raised. The policy, upon the initiation of a claim, ceases to exist, and subsequent renewal is not permissible.
What is the process for verifying the premium amount for HDFC ERGO Critical Illness Insurance?
To ascertain the premium payable for purchasing the HDFC ERGO Critical Illness Insurance policy, you can refer to the premium chart provided by HDFC ERGO.
Does HDFC ERGO Critical Illness Insurance provide coverage for pre-existing diseases?
The plan does offer coverage for pre-existing diseases. However, coverage for pre-existing conditions begins after a waiting period of 4 years. During this time, policyholders may not be eligible for benefits related to pre-existing health conditions.
What is the extent of coverage provided by HDFC ERGO Critical Illness Insurance?
The policy extends coverage for critical illnesses up to the sum insured limit. This means that the financial protection offered by the policy corresponds to the chosen sum insured, providing a predetermined amount to the insured upon the diagnosis of a covered critical illness.
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Disclaimer:
The information presented on this blog regarding insurers, their products, services, or offerings is exclusively for informational purposes. It may be subject to updates without prior notification and should not be construed as professional advice or a suggestion to obtain any specific insurance product or service. Your reliance on such information is entirely at your own discretion and risk.