HDFC ERGO Health Insurance Benefits
HDFC ERGO Health Insurance is the second-largest private insurance provider in India. It offers a diverse range of tailor-made insurance plans that cater to the requirements of people from different walks of life.
With the inflation rate of 5% and the sudden surge in the expenses of health-related treatment after three years of the pandemic, people are undoubtedly aware of getting health insurance plans.
If you're holding health insurance, it surely provides assurance at the time of a sudden health crisis and eliminates any sort of financial burden. Apart from financial benefits, there are several additional benefits of purchasing an HDFC ERGO health insurance policy. In this article, we'll discuss the other benefits of HDFC ERGO health insurance.
Benefits of HDFC ERGO Health Insurance
There are countless options for health insurance plans, but HDFC ERGO is among the popular health insurance policy providers. Whether you're an academic student, wage worker, salaried man, pensioner, businessman, or working in other professions, you can still attain additional benefits of an HDFC ERGO health insurance policy. It also offers wider coverage options, including cashless hospitalization at 13,000+ hospitals, daycare treatments, no-room rent restrictions, AYUSH cover, etc.
There are some additional benefits offered by insurance provider, let's have a look at them:
1. Coverage for Room Rent
One of the general perks of HDFC ERGO health insurance is that in addition to covering your treatment and medical expenses, this plan will also pay for the rent of your hospital room. Please note that your health insurance plan also determine your desired hospital room. However, HDFC ERGO health insurance plans do not have a room rent sub-limit.
2. Tax Saving
Saving taxes for policyholders is an essential feature of the HDFC ERGO health plans. According to section 80D of the income Tax Act of 1961, you're eligible for a limited tax break on premiums paid for your health insurance policy. The maximum annual deductible for health insurance premium paid for yourself, your spouse, and your dependent children is INR 25, 000 if you're under 60. For those above 60, the tax-deductible sum is INR 50,000. Additionally, you're qualified for a tax deduction of up to INR 50,000 if any of your dependent parents are seniors and an additional INR 25,000 per year if they're not.
3. Annual Health Check-up
HDFC ERGO understands the best cure for medical complications is to stop them from becoming severe. Therefore, the insurer offers the benefit of annual health check-ups with the insurance plan. Policyholders can attain a free health check-up benefits and assess their health condition without paying for the check-up costs. However, this proactive strategy enables policyholders to identify potential health issues early, which results in prompt interventions and improve overall health.
4. Easy Claim Settlement
One of the most essential features of HDFC ERGO health insurance is its simple and quick claim settlement process. Any cashless or reimbursement option can be used to settle claims when purchasing HDFC ERGO health insurance. In recent years, the company's claim settlement ratio, or CSR, has increases, which is quite encouraging. However, the insurance Regulatory and Development Authority of India (IRDAI) and the HDFC ERGO official website allow you to view the CSR data. With a very effective claim settlement process, HDFC ERGO claims to settle 1 claim each minute. The company resolved 99.49% of claims in the financial year 2021-22 within three months, and only 0.2% took longer.
5. Wider Pre & Post Hospitalization
As we know, additional expenses will be associated when it comes to medical emergencies and treatment. As a policyholder, you wish to get coverage for the costs related to medical emergencies under your policy. Therefore, one of the main advantage of the HDFC ERGO health insurance plan is that it offers more comprehensive pre & post hospitalization coverage. The insurer provides wider coverage, including 180 days for post-hospitalization expenses for investigations, therapies, or consultation fees, and 60 days for pre-hospitalization costs.
6. No Claim Bonus
To appreciate a healthy lifestyle, HDFC ERGO offers no claim bonus perks for every claim-free year. Policyholders who do not make any claims throughout the year will get cumulative no-claim bonus of 5% on the sum insured for every claim-free year. It is an ideal way to motivate people to live a healthy lifestyle and reduce the need for medical interventions. For instance, buying an HDFC ERGO Health Suraksha plan allows policyholder to earn a cumulative no-claim bonus of 5% on the sum insured annually.
7. Lifelong renewability
The insurer offer its prospective or existing policyholders health plans with lifelong renewability. However, lifetime renewability is a clause in a health insurance policy. It allows policyholders to renew their healthcare plan to keep it valid and save them from the hassle of re-qualifying for a new health insurance policy every few years.
8. 24x7 Dedicated Customer Service
HDFC ERGO Health Insurance is well-known for its customer support system, provides assistance round the clock, and is always ready to provide professional assistance. The team of dedicated customer representative always pleased to assist and cater customer queries, grievances and needs with efficiency. Whether you need assistance for the claim process, renewal, buying process, or any other relevant inquiry.
You can choose the best coverage if you're aware of the advantages of health insurance. Plans from HDFC ERGO provide extensive coverage to customers and ease the burden during medical crises. Without concern about medical expenses, you can attain the best care at a reputable hospital. The insurance provider offers several benefits associated with health plans such as free health checkups, tax benefits, cashless treatment, no claim bonus, Etc.
