*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Modern treatment methods may be effective, but the costs can burn a hole in your pocket, especially if it is a critical illness. Without proper planning, the treatment will drain away one's life savings. This is where health insurance plans such as HDFC ERGO Critical Insurance Plan can help. It is a smart move to invest in this plan well in advance to financially secure yourself and family in the event of an unexpected diagnosis of a critical illness.
HDFC ERGO Critical Insurance Policy offers wide coverage for most of the critical illnesses at reasonable premium amounts. There is an umbrella coverage for up to 15 illnesses (for the Platinum plan) from this single plan. To avoid the additional stress of dealing with the insurance company for claims, the sum insured is paid in a single transaction. There are 2 variants with this plan- Silver and Platinum with slight variations in coverage. The plan can be bought for one or two years with the option for easy renewals.
The features of the HDFC ERGO Critical Insurance Plan are:
The major benefits offered under HDFC ERGO Critical Insurance Policy are:
The table given below gives the split-up of tax benefits:
Age |
Premium paid for Insured, Spouse and Children |
Premium Paid for Parents |
Total Tax deduction under Section 80D |
Both insured and his parents are below 60 years of age |
25000 |
25000 |
50000 |
Insured age is below 60 years, but parents age is above 60 years |
25000 |
50000 |
75000 |
Both insured and his parents are above 60 years age |
50000 |
50000 |
100000 |
*Tax Benefits are subject to changes in tax laws
The HDFC ERGO Critical Insurance Plan coverage includes the critical illnesses listed below for the Silver and Platinum variants:
Silver |
Platinum |
Heart Attack |
Heart Attack |
Stroke |
Multiple Sclerosis |
Multiple Sclerosis |
Cancer |
Major Organ Transplantation |
Stroke |
Cancer |
Bypass Surgery of the Coronary Artery |
Paralysis |
Organ Transplantation |
Coronary Artery Bypass Surgery |
Aorta Graft Surgery |
Kidney Failure |
Kidney Failure |
|
Pulmonary Arterial Hypertension |
|
Paralysis |
|
Heart Valve Replacement |
|
Alzheimer’s Disease |
|
Parkinson’s Disease |
|
Benign Brain Tumour |
|
Liver Disease - End Stage |
Given below are the exclusions under the HDFC ERGO Critical Insurance policy:
Individuals under the age group of 5 years to 45 years are eligible for purchasing the policy. The plan also covers children between 5 years to 18 years, but only when both the parents are also insured under the policy.
No medical checkup is necessary for applicants who are below 45 years of age unless there is a serious health concern.
The insured can make only one claim throughout the policy period. In case the claim arises, he must immediately contact HDFC ERGO health insurance on their customer service number to speak to a customer service representative who can offer guidance on claims procedure and required documents. The claims must be filed within 7 days of discharge of the patient.
On receipt of intimation, they will register the claim and assign the insured a unique claim reference number that can be used for future correspondence.
The policyholder must arrange for the following documents while filing a claim:
On receipt of the claim request, it will be processed within a few days by the policy terms and conditions.
The applicant can easily buy HDFC ERGO Critical Insurance plan online either with HDFC ERGO directly or through Paisawiki.com. He/she can compare online the various variants features and choose the one that best fits his needs in terms of coverage and budget.
Given below are the steps to complete the insurance policy buying process from the portal of Paisawiki:
The required documents needed to apply for an HDFC ERGO Critical Illness Insurance plan are:
Given below are the steps to renew the HDFC ERGO Critical Illness Insurance plan online:
Ans: Critical Illness insurance is an insurance policy that pays out a lump-sum amount up to the sum insured on the diagnosis of one of the critical illness listed in the policy
Ans: Critical illness insurance is needed to offer financial assistance to the individual and his family in the event of a critical illness diagnosis. This amount can be used for treatment, debts and lost income.
Ans: Under this policy, the insured is paid the charges for the treatment of the critical illness listed under the Silver and Platinum plans. The sum assured is paid out as a lump-sum on the first diagnosis of the disease with a waiting period of 30 days.
Ans: The insured can choose the sum insured amounts from 1 lakh to 25 lakhs depending upon the options chosen.
Ans: Applicants in the age group of 5 to 45 years are eligible to buy this plan. This plan also covers children between 5 to 18 years if both their parents are insured under the policy.
Ans: Applicants over 45 years of age need not undertake medical tests for this policy.
Ans: Yes. The premiums paid for this policy are eligible for tax deduction under Section 80D of the Income Tax ACT.
Ans: No. Only a single claim can be made once under this policy.
Ans: Yes. The HDFC ERGO Critical Illness Insurance plan can be conveniently purchased online. Policy comparison can be made online on the HDFC ERGO site, and the right one is chosen.
Ans: Any ailment or condition that the insured person had symptoms of or diagnosed and received treatment within 48 months before his first policy with the company.