Critical Illness Insurance Policy

HDFC ERGO Critical Illness Insurance Policy

HDFC ERGO Critical Illness policy is the apt shield to your savings. The treatment of critical illness like cancer, cardiac arrest, etc levy heavy medical bills on to you. It is always safe to have plans like these to safeguard you at the time of the financial crisis and medical emergencies.

Here is a detailed description of the HDFC ERGO Critical Illness policy to provide you with accurate guidance.

Eligibility Criteria

All who fall between the age mentioned in the table are eligible to buy the plan.

Types Of Plans Under Critical Illness Insurance Policy

There are two types of plans available under the HDFC ERGO Critical Illness Policy.

1. Silver Plan

2. Platinum Plan

List of illnesses covered in both plans:-

Features And Benefits Of HDFC ERGO Critical Illness Insurance Policy

• Freelook Period: Under the policy terms the policy buyer is provided with a free look period of 15 days to finalize his decision with respect to buying the policy. In case of dissatisfaction, the policy buyer is permitted to decline the policy.
• Renewability: The plans under HDFC ERGO Critical Illness Insurance Policy have lifetime renewability.
• Ensures Quality Medical Treatment: The plans provide high quality and satisfactory medical services to its insured.
• No Medical checkup: All those who are less than 45 years in age are exempted from medical check-ups.

• Waiting Period: All claims are accepted under the HDFC Critical Illness Insurance Policy after a waiting period of 90 days.
• Survival Period: The insured has to wait for a minimum of 30 days even if he is diagnosed from critical illness listed in the plan, to avail of the facility.
• Tax Benefit: Under the tax benefit the buyer can save tax up to Rs. 50,000.
• Lump-Sum Payment: A lump-sum amount equal to the insured sum is paid in a single transaction.
• Illnesses Covered: It includes up to 15 critical illness in its plans.
• Plan Option: There is the availability of two plans under the HDFC Critical Illness Insurance Policy.

Exclusions

• Injury Under Adventurous Sports: Any injury happened due to adventurous sports, for eg. river rafting, sky diving, paragliding, etc are not covered under critical illness policy.
• Self-Inflicted Injury: Any self-injury like an attempt to suicide and other self-harm is not entertained under the policy.
• War: Any damage or loss in war participation is not covered in Critical Illness Insurance Policy
• Any Injury Due To Involvement In Defence Operation: Any type of wound due to involvement in the defense activities can not be treated under the critical illness insurance policy.
• STD or Venereal Disease: Sexually transmitted disease and venereal disease treatments are not provided under the policy.
• Cosmetic Surgery treatment: Any type of cosmetic surgery does not fall under the critical illness policy treatment list.
• Obesity treatment Surgery: The expenses for treatment for obesity or overweight do not get cover under HDFC Critical Illness Insurance Policy.

HDFC ERGO Critical Illness Plan Review

HDFC Critical Illness Insurance Policy covers a wide range of critical diseases under its silver plan and platinum plan. The policyholders found the plan beneficial in cases like coronary artery bypass surgery and other severe illness which can dent a hole into the savings. So, the plan is worth buying.