HDFC ERGO Health Wallet Insurance Plan

HDFC ERGO Health Wallet Insurance Plan - BimaBandhu

In an era marked by escalating healthcare expenses, securing comprehensive health coverage is paramount. HDFC ERGO Health Wallet Insurance Plan can be a suitable solution to address the pressing need for financial protection amid rising medical costs. With healthcare expenditures witnessing a steady surge each year, individuals are increasingly recognizing the importance of a robust insurance plan that can shield them from unforeseen medical expenses and offers an array of substantial benefits.

HDFC ERGO Health Wallet Insurance Plan stands out as a good choice, encapsulating a myriad of advantages essential for safeguarding your well-being. This well-crafted insurance plan extends its coverage to encompass key facets, such as OPD expenses, worldwide emergency health services, and coverage of up to Rs. 50 Lakh

In this guide, we will cover the HDFC ERGO Health Wallet Insurance Plan, including its features, benefits, and the level of protection it can offer. 

HDFC ERGO Health Wallet Insurance Plan: Key Features/Highlights

  • Sum Insured: Ranging from Rs. 3 Lakh to Rs. 50 Lakh
  • Policy Tenure: 1 year
  • Network Hospitals: over 12,000 hospitals
  • Pre-Policy Medical Check-up: may be required
  • Pre-Existing Disease Waiting Period: 3 years 
  • Specific Disease Waiting Period: 2 years 
  • Initial Waiting Period: 30 days 

Also Read: More About HDFC ERGO Health Insurance

HDFC ERGO Health Wallet Insurance Plan: Comprehensive Benefits

  • Covers expenses related to hospital room boarding or rent, nursing, ICU fees, medical practitioner’s fees, diagnostic procedures, and necessary items during surgery in case of accidents or illnesses
  • Eligibility for a lump sum if the insured is hospitalised continuously for 10 days
  • Offers a 50% increase to the existing sum insured amount if the policy year remains claim-free. (the benefit reduces in the subsequent year if a claim is filed)
  • Enables the insured to utilise the sum insured for upcoming claims after the basic sum insured and the multiplier benefit are exhausted.
  • Covers out-patient treatment, diagnostic treatments, consultations, co-payments, and additional costs
  • Addresses medical expenses incurred 60 days before the insured is admitted to the hospital
  • Provides cover for expenses within 90 days after hospitalisation or domiciliary treatment
  • Covers expenses under the daycare procedures clause, ensuring that even minor treatments are included in the plan
  • Allows filing claims for emergency expenses incurred outside India, with a specified limit of hospitalisation in emergency cases set at 48 hours

Recommended Read: All About HDFC ERGO Energy Health Insurance Plan

HDFC ERGO Health Wallet Insurance Plan Inclusions

  • Policyholders are entitled to expenses of up to Rs. 2000 for emergency road ambulance services.
  • The plan includes coverage for preventive health check-ups, enabling policyholders to avail regular health assessments without bearing the financial burden. 

HDFC ERGO Health Wallet Insurance Plan Exclusions

  • If injuries or treatments result from war or foreign aggression, the plan won’t be able to step in.
  • Looking to shed a few pounds or considering a cosmetic procedure for non-medical reasons? The plan won’t be footing the bill for those.
  • While the plan is ready to assist with necessary medical procedures, it draws the line at cosmetic surgeries that aren’t deemed medically necessary.
  • Need glasses or considering LASIK? Those vision correction expenses won’t be covered by the HDFC ERGO Health Wallet Insurance Plan.

HDFC ERGO Health Wallet Insurance Plan: Eligibility Criteria

  • Minimum Entry Age: 18 years for adults and 91 days (slightly over 3 months) for children
  • Maximum Entry Age: 65 years for adults and 5 years for children
  • Coverage Type: Individual and Family Floater
  • Renewability: Lifelong 


Is the HDFC ERGO Health Wallet Insurance plan a recommended choice?

The Plan stands as a good choice, offering a diverse array of benefits that go beyond conventional coverage. With features such as preventive health check-ups, AYUSH benefits, and recovery benefits, this plan is tailored to provide holistic protection for the insured.

How Many Members Can I Include in the HDFC ERGO Health Wallet Insurance Plan?

The maximum number of members you can include in the HDFC ERGO Health Wallet Insurance Plan is contingent upon the type of coverage you choose. Opting for individual coverage permits the inclusion of up to six family members under the insurance plan. 

How long do I have to port to the HDFC ERGO Health Wallet insurance plan?

If you’re considering switching to the HDFC ERGO Health Wallet Insurance Plan from another insurance provider, the porting process is open within a specific timeframe. You can initiate the porting process between 45 and 60 days before the renewal date. This window ensures a smooth transition, allowing you ample time to make informed decisions about securing the comprehensive benefits offered by HDFC ERGO Health Wallet Insurance Plan.

Can I avail of preventive health check-ups under the HDFC ERGO Health Wallet Insurance Plan?

The plan understands the importance of preventive care. You’re entitled to regular health check-ups, promoting a proactive approach to your well-being. Stay on top of your health game with these beneficial check-ups.

How flexible is the HDFC ERGO Health Wallet Insurance Plan for family coverage?

Opting for family coverage allows you to add up to six family members. This adaptability ensures that the entire family is covered under a single plan, simplifying the process and ensuring comprehensive protection for your loved ones.

Can I include my elderly parents in the HDFC ERGO Health Wallet Insurance Plan?

The plan allows inclusion of family members, including elderly parents, under the family floater option. This ensures that your entire family, irrespective of age, can benefit from the protective coverage.

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