Health Wallet Family Floater Plan by HDFC ERGO - Check Complete Details
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HDFC ERGO Health Wallet Family Floater Plan

HDFC ERGO's Health Wallet is a comprehensive health insurance plan, av ...Read More

Up to 2 Cr
Sum insured
200+
Pan India presence
95.30%
Claim settlement ratio
📄 Download brochure
🛡️ IRDAI Approved
⭐ 4.4/5 · 2,720 reviews
🏥 15,000+ hospitals
📊 2.00 solvency ratio
✅ 95.30% claim settlement
Written by Simran saxena
Reviewed by Raj Kumar
Published: 30 Oct 2024
Updated: 27 Jul 2026
Expert Verified
IRDAI Licensed

Overview

HDFC ERGO Health Insurance's Health Wallet plan is a comprehensive health insurance plan that not only ensures your health today but also secures your health for the future. The Health Wallet plan is a 360-degree health plan that provides coverage on an individual and family floater basis. You can also buy this plan as a top-up, which increases your basic plan sum insured. It covers inpatient and all outpatient expenses, protecting you from future financial worries.

Video reviews

Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.

HDFC Ergo Health Insurance Plan Detailed Review

HDFC Ergo Health Insurance Plan Detailed Review

This review video of the HDFC ERGO health insurance plan discusses various options & variants this plan offers in India.

HDFC ERGO Health Wallet Plan Benefits

HDFC ERGO Health Wallet policy offers 5 additional benefits along with its basic coverage:

  • Sum Insured Restoration

    Automatically restores the sum insured if the basic sum insured and multiplier benefit are exhausted.

  • Multiplier Benefit

    Increases the sum insured by 50% at renewal, doubling it if no claims are made for two consecutive years.

  • Preventive Health Check-up

    A web portal to track medical conditions from various tests and store medical records for monitoring.

  • Recovery Benefit

    Offers INR 10,000 if hospitalization exceeds 10 continuous days.

  • Reserve Benefit

    Any unused amount is carried forward to the next year, earning a 6% bonus at renewal.

Exclusions

Take a look at some of the major exclusions of the HDFC ERGO Health Wallet Policy. Mentioned below are the treatments and medical conditions which are not covered under HDFC ERGO Health Wallet health insurance:

  • Hospitalization due to war, riot, strike, or nuclear weapons
  • Intentional self-injury
  • HIV/AIDS
  • Miscarriage and abortion
  • Congenital diseases
  • Infertility and in-vitro fertilization

Certain diseases and treatments are covered under this plan after a specific time period. Read the details below:

  • Listed ailments: 2 years
  • Pre-existing diseases: 3 years

HDFC ERGO Health Wallet Premium

HDFC ERGO Health Wallet policy offers two plan types: family and individual. To make the premium calculation easier for you, PolicyX.com provides sample premiums for the HDFC ERGO Health Wallet plan, based on different Sum Insured amounts and number of insured members for a 1-year policy term with no deductible.

For Individuals

Age (Male) Sum Insured Sample Annual Premium (1A)
30 Years 5 Lakhs 14224
30 Years 10 Lakhs 22909
30 Years 20 Lakhs 32258
30 Years 50 Lakhs 49802

For Family Floater

Age (Male) Sum Insured Sample Annual Premium (2A) Sample Annual Premium (2A+1C)
30 years 5 Lakhs 16729 19914
30 years 10 Lakhs 26499 30083
30 years 20 Lakhs 38099 42067
30 years 50 Lakhs 58065 63201

Plan at a glance

Eligibility, sum insured options and policy mechanics — pulled straight from the policy wording.

Entry age
Child: 91 days to 25 years Adult: 18 to 65 years
Plan type
Individual and Family Health Insurance
Sum insured options
₹3 L, ₹5 L, ₹10 L, ₹15 L, ₹20 L, ₹25 L, ₹50 L
Waiting period
30 days
Renewability
Lifelong
Policy term
1, 2, 3 years

*Initial Waiting Period is the time period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under a health insurance plan.

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Inpatient and outpatient cover
  • OPD cover
  • Domiciliary hospitalization

Cons

  • Air ambulance
  • E-consultations
  • Health check-up
  • Modern treatment cover

What's covered

A quick look at what this plan covers — and what it doesn't.

Hospitalization

  • Room rent Covered
  • ICU charges Covered
  • Pre-hospitalization Covered
  • Post-hospitalization Covered
  • Domiciliary hospitalization Covered
  • Day-care treatment Covered
  • OPD charges Covered
  • Covid-19 treatment Covered
  • Cataract Covered

Bonuses & restoration

  • No-claim bonus Covered
  • Automatic restoration of SI Covered
  • Daily hospital cash Not covered

Family & special care

  • Maternity cover Not covered
  • New-born baby cover Not covered
  • IVF treatment Not covered
  • AYUSH treatment Covered
  • Organ donor expenses Covered

Modern & preventive care

  • Modern treatment Not covered
  • Road ambulance Covered
  • Air ambulance Not covered
  • E-consultation Not covered
  • Health check-up Covered
  • Second medical opinion Not covered
  • Vaccination Covered

Conditions & global

  • Co-payment Not covered
  • Sub-limits Not covered
  • Compassionate travel Not covered
  • Global coverage Covered

HDFC ERGO Health Insurance Network Hospital List

HDFC ERGO Health Insurance Network Hospitals are present in 31 states nationwide. With a wide network of hospitals, HDFC ERGO Health Insurance ensures that you are medically secured, irrespective of the city you reside in.

Delhi Mumbai Bengaluru Chennai Kolkata Hyderabad Pune Ahmedabad Jaipur Lucknow

Know More About Network Hospitals →

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

  • Entry age: 18 to 65 years
  • Initial waiting period: 30 days
  • Sum insured: 3 to 50 Lakhs
  • Policy term: 1/2/3 years

Frequently Asked Questions

The 9 most-asked questions about HDFC ERGO Health Wallet Family Floater Plan, answered.

Yes, the plan gives a discount of 7.5% on 2 years and 10% on 3 years policy premiums if paid in a lump-sum.
A maximum of 6 members can be added to this policy.
The company allows the policyholder to pay through- Cheque/Cash/Credit Card Payment Electronic Clearing System Online
Yes, it does. The plan comes with a 30 days grace period and 15 days free-look period.
You can cover yourself, your spouse, dependent children, dependent parents, and dependent parents-in-law under the HDFC ERGO Health Wallet policy.
Medical expenses like consultation fees of doctors, medicine bills, diagnostics charges can be covered under pre and post-hospitalization.
Yes, there is a 30 day grace period for the renewal of the policy.
If the policyholder needs medical treatment on an emergency basis while he/she is travelling abroad and he/she needs to be hospitalized in an international hospital then the cost of medical expenses is covered.
A single individual policy can cover up to 4 adults and 5 children. Self, Spouse, Father, Father-in-Law, Mother, or Mother-in-Law are all options for the four adults.

Conclusion

A flexible plan with a savings wallet and wide coverage, suitable for long-term planning.

Explore HDFC ERGO Health Insurance

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