HDFC ERGO Critical Illness
Objective
A special policy that provides a cover against critical illnesses.
Suited for
This policy is more suitable for those with a family history of life threatening disease(s). People approaching their 40s and those above 40, may opt for this cover as the chances of falling ill increase in old age.
What does it do?
This policy comes in three variants- Silver, Gold and Platinum. Silver Plan covers eight critical illness. Gold and Platinum plans cover more illnesses hence offering a wider protection. This policy pays a lump sum on confirmed diagnosis of any of the critical illnesses covered herein, after a survival period of 30 days. A policyholder cannot make multiple claims during the lifetime of the policy as the cover ceases once a claim is made for critical illness.
Pros
This plan can be bought online through company's website.
Premiums paid under this plan qualify for deduction under Section 80D of Income Tax Act.
Cons
Pre-existing diseases are not covered.
A person can enter this policy only upto 45 years of age.
Our View
Critical illnesses prick the pockets hard as their treatments require hefty amounts. This policy is worthy and the three variants on offer are useful for individuals to get cover of their desire that may be based on their family history.
Eligibility
| Entry Age (years) | |
| Minimum | 5 |
| Maximum | 45 |
| Maximum Policy Renewal Age (years) | 66 for one year policy term and 67 years for two years policy term |
| Coverage Type | Individual |
| Sum Insured (Rs) | |
| Maximum | 10 lakh |
| Minimum | 2.5 lakh |
| Policy Term (years) | 1 or 2 years |
| Tax Benefit | Section 80D of the Income Tax Act are applicable |
| Discount | Discount on choosing a policy tenure of 2 years |
| Pre Policy Medical Check Up | Required depending upon age and sum insured |
| Grace Period for Policy Renewal | 15 days |
| Policy Termination | Insurer may cancel the policy by giving a 30 days written notice to policyholder. Policyholder may also cancel the policy at any time by giving a written notice to insurer. In case policyholder cancelling the policy, a certain percentage of premium would be refunded based on policy term elapsed till date. |
| Customer Service | |
| Address | HDFC ERGO General Insurance Company Limited 6th floor, Leela Business Park, Andheri-KurlaRoad Andheri East, Mumbai 400 059; Registered Office: Ramon House, HT Parekh Marg 169, Backbay Reclamation, Mumbai 400 020 |
| Mail to | [email protected] |
| Call to | 1800 2 700 700 |
Additions to the Plan
| Exclusions and Waiting Period | |||
| Pre-existing diseases | Not covered | ||
| Survival period | Critical illness benefits will be paid only after a survival period of 30 days from the date of first diagnosis. | ||
| Waiting Period | 90 days from the date of buying the policy for the first time | ||
| General Exclusions | HIV/ AIDS or any other related diseaseWar, participation in any criminal activity or adventurous activities such as mountaineering etc or any other related condition | ||
| Scope Of Cover | ||||
| Silver | Gold | Platinum | ||
| Critical Illness Covered | ||||
| Heart Attack (Myocardial Infarction) | covered | covered | covered | |
| Coronary Artery Bypass Surgery | covered | covered | covered | |
| Cancer | covered | covered | covered | |
| Stroke | covered | covered | covered | |
| Kidney Failure | covered | covered | covered | |
| Major Organ Transplant | covered | covered | covered | |
| Multiple Sclerosis | covered | covered | covered | |
| Paralysis | covered | covered | covered | |
| Aorta Graft Surgery | - | covered | covered | |
| Primary Pulmonary Arterial Hypertension | - | covered | covered | |
| Heart Valve Replacement | - | covered | covered | |
| Benign Brain Tumour | - | - | covered | |
| Parkinson's Disease | - | - | covered | |
| Alzheimer's Disease | - | - | covered | |
| End Stage Liver Disease | - | - | covered | |
