11 min read
Updated on Sep 26, 2022
HDFC Ergo General Insurance Company Limited is amongst the most admired and leading private insurance companies in India. It is a joint venture between India’s premier housing finance institution, HDFC Limited and the primary insurance entity of Munich Re Group, Ergo International AG.
The company offers a wide range of general insurance solutions for both retail and corporate sector ranging from health, travel, motor, home, personal accident to marine & liability insurance and property insurance. HDFC Ergo General Insurance Company is the third largest general insurance provider in the private sector.
Some of key highlights of the company which makes it a leading insurance provider are as follows:
|Overall market share||6.2 % for the fiscal year 2020-21|
|Solvency ratio||190% vis-a-vis 150% requirement of IRDAI|
|Network hospitals||10,000 + network hospital across India|
|Branches||200 plus branches across 170+ cities in India|
|Policies issued||Issued 10 million+ policies and service 2 million + claims in the financial year 2021|
Ever since it was established, HDFC Ergo General Insurance Company has received various accolades and awards. Here is a look at some of them:
The health insurance policies offered by HDFC Ergo have a comprehensive scope of coverage. Some of the most common coverage benefits are as follows –
|Inpatient hospitalisation cover||Inpatient hospitalisation is when you are admitted to a hospital following an illness or an injury. If you are admitted for 24 hours or more, the cost of hospitalisation and treatments are covered|
|Pre hospitalisation cover||Before hospitalisation, if you incur medical costs on the same illness or injury for which you are being hospitalised, such medical costs would be covered for a specified number of days|
|Post hospitalisation cover||After being treated and discharged, if there are medical expenses incurred on recovery and post-operative care, such expenses would be covered for a specified number of days|
|Daycare cover||Daycare treatments are those wherein hospitalisation for 24 hours is not needed. Such treatments are also covered under the plan|
|Ambulance cover||The cost incurred when you engage an ambulance for transportation to the hospital is covered under this head|
|Organ donor cover||If you are receiving an organ from a donor, the cost of the donor’s hospitalisation and subsequent organ harvesting surgery would be covered by the policy|
|AYUSH cover||Non-allopathic treatments like Ayurveda, Unani, Homeopathy or Siddha are also covered under many HDFC Ergo health insurance plans|
|Domiciliary cover||Hospitalisation at home either because of the non-availability of hospital beds or because you couldn’t be transported to the hospital is called domiciliary hospitalisation. Such a hospitalisation is covered under HDFC Ergo health plans|
|Free health check-ups||HDFC Ergo policies also allow the facility of health check-ups, free of cost, after regular intervals so that you can monitor and assess your health|
Despite their coverage, HDFC Ergo health insurance policies have a specified list of exclusions wherein the claim is not paid. The exact exclusion list is plan specific and can be accessed in the policy wordings. Some of the most common exclusions, however, include the following –
HDFC Ergo offers different types of health insurance plans. Out of them, the most popular plans sold by PayBima are as follows –
A comprehensive health insurance plan, My: Health Suraksha offers you coverage up to Rs.75 lakhs and three different plan variants to choose from. The salient features of the policy are as follows –
The plan covers inpatient treatment costs incurred if you are hospitalised for any mental illness. Similarly, coverage is allowed if you are treated at your own home for any medically necessary reasons.
If you suffer multiple claims within the same policy year and the sum insured is not sufficient to pay for the second claim, the plan would provide an additional amount equal to the original sum insured for paying the claim. This rebound facility is allowed even if you have not exhausted the actual sum insured under the policy but the sum insured falls short in fulfilling a subsequent claim.
Coverage for air ambulances is allowed under the Gold Smart and Platinum Smart variants of the plan. This ensures that in emergencies you can get treated in a hospital outside of your city and the cost of transporting you to such a hospital would be covered by the policy.
My: Health Suraksha offers a range of optional coverage benefits to help you enhance the scope of the policy. You can choose one or more of these coverage benefits and customise your plan as per your needs
|Entry age||Adults – 18 years onwards
Children – 91 days to 25 years
|Policy term||1 to 3 years|
|Sum insured||Rs.3 lakhs to Rs.75 lakhs|
|Premium payment frequency||Quarterly
|Pre-existing waiting period||48 months|
This is a super top-up health insurance policy that helps you enhance existing health insurance coverage at affordable premiums. The salient features of the plan are as follows –
Hospitalisation coverage under the policy is allowed without any sub-limits on room rent. This ensures that you can enjoy complete coverage and reduce your out of pocket expenses.
The plan allows lifelong renewability and after you hit 61 years of age, the premium does not change even if increasing age increases your health risks.
You can buy the policy instantly without having to undergo any medical check-ups up to 55 years of age if you do not suffer from any medical condition.
|Entry age||Adults – 18 years to 65 years
Children – 91 days to 23 years
|Policy term||1 and 2 years|
|Sum insured||Rs.3 lakhs to Rs.20 lakhs|
|Deductible limits||Rs.2 lakhs to Rs.5 lakhs|
|Premium payment frequency||Quarterly
|Pre-existing waiting period||36 months|
Buying insurance plans was never so easy. PayBima provides a seamless and quick process to buy HDFC Ergo Health plans which can be done within minutes. HDFC Ergo health insurance policies are available both online as well as offline. The steps of buying through PayBima are as follows:
Visit the PayBima website and click on ‘health insurance’ to buy a health plan.
Once you select health insurance, PayBima will ask you to fill in certain personal and medical details to find suitable health plans for you based on your eligibility and insurance requirements. Provide basic details such as name, location, Pin code of your address, contact number, gender, age, number of dependents, etc and medical details such as health status, medical history, pre-existing illness, etc. PayBima also offers personal consultation to help you buy the health plan easily.
Once all the details have been provided, a list containing the plan names, features and premium will be displayed based on your coverage needs and eligibility. The list will show the best available plan at affordable and competitive premium rates. You can compare the plans based on their benefits and premium and select the plan which best suits you.
Provide your details in the proposal form after shortlisting your policy. Make sure to provide complete and correct details in the form to avoid the rejection of your claim later on.
You can pay the premium online through the online modes available. PayBima offers secured premium payment modes to provide a hassle-free experience.
Your health plan will be issued instantly on payment of premium if you have not made any adverse declarations in the proposal form regarding your lifestyle habits and medical history.
Based on certain criteria such as age, habits, medical illness, higher sum assured, you might have to undertake a pre-entrance health checkup to check your health status and existing illness. You can opt for a pre-entrance health check-up free of cost at the networked facility of HDFC Ergo General Insurance.
HDFC Ergo offers a lifelong renewal of health plans irrespective of your previous claim or health status. If you want to enjoy uninterrupted health coverage, renew your plan within the due date. PayBima not only provides the facility to buy but also to renew the plan through its website.
To renew your plan, you can visit www.paybima.com and provide your policy number and other details of the policy. You can check the details of the plans on renewal and make changes to the plan if required. When you pay the renewal premium online, the plan would be renewed instantly. For any help to renew your health plan, you can get in touch with us at 1800 267 67 67. You can also contact us through email at email@example.com.
HDFC Ergo provides a simplified claim process to help you get the settlement on time. The process is as follows:
If you want to avail of the cashless facility, then you will have to get admitted to a hospital with which HDFC Ergo has a tie-up. You can locate the nearest network hospital online by visiting the official website of the insurance company. You can also get admitted to a non-network hospital in which your claim would be settled on a reimbursement basis.
Get yourself hospitalised by showing your valid Identity proof or health card provided by the insurance company.
Fill up the pre-authorisation form at the network hospital for cashless approval of your claim. The form can be downloaded online or is available at the hospital. Fill the form correctly and completely to get your claim approved. The form is to be submitted at least three to four days before a planned hospitalisation. In the event of emergencies, you can submit the form within 24 hours of hospitalisation.
Based on the pre-authorization form, the insurer would approve the cashless claim. Once the approval is received, the treatment would start. The medical bills would be handled by the insurer on a cashless basis.
In the reimbursement facility, you need to pay all the bills initially and preserve the original invoices. In such cases, you would have to intimate the claim before planned admission. You can inform the claim after admission also but before discharge in case of emergencies. Send all the invoices and relevant documents to HDFC Ergo. The company will verify your claim invoices and documents and reimburse the claim amount.
You can contact PayBima for easy claim settlement. Just call 1800 267 67 67 or drop an email at firstname.lastname@example.org and we would assist in the settlement of your health claim.
For successful settlement of health claim, you are required to submit certain documents to the company with the claim form. The documents required to be submitted are:
HDFC Ergo Health Insurance plans provide 360-degree customer protection and happiness backed by a strong customer service and support team. Other highlights are discussed as follows:
|Health Insurers in India|
|Universal Sompo General Insurance Company Limited||Future Generali India Insurance Company Limited|
|Bajaj Allianz General Insurance Company Limited||Aditya Birla Health Insurance Company Limited|
|Care Health Insurance Company Limited||ICICI Lombard General Insurance Company Limited|
|Chola MS General Insurance Company Limited||Manipal Cigna Health Insurance Company Limited|
|Niva Bupa Health Insurance Company Limited||Royal Sundaram General Insurance Company Limited|
|SBI General Insurance Company Limited||Tata AIG General Insurance Company Limited|
Frequently Asked Questions
Q: Do HDFC Ergo health insurance plans allow any discount?
Yes, you get a 5% premium discount if you opt for a 2-year policy term under the super top-up policy. Under My: Health Suraksha, however, you can get a family discount, long-term policy discount and loyalty discount.
Q: Which family members can be covered under HDFC Ergo health insurance plans?
The super top-up policy allows coverage to you, your spouse, dependent children, dependent parents, grandparents, siblings, nephew, niece, grandchildren, son-in-law and daughter-in-law on an individual sum insured basis. On a floater basis, coverage is allowed for you, your spouse and up to 2 dependent children.
In the case of My: Health Suraksha, you can cover yourself, your spouse, dependent children, dependent parents or parents-in-law on a floater basis. On an individual basis, however, coverage for the extended family is available.
Q: What cumulative bonus is allowed under the indemnity policy?
Under My: Health Suraksha you get a cumulative bonus of 10% increase in the sum insured after each claim-free year up to a maximum of100%.
Q: Can I pay the premium after the due date?
Yes, you can pay the premium after the due date. However, once the due date passes, the coverage lapses. There is a grace period allowed after the due date. If you pay the premium within the grace period, you can retain the renewal benefits. If not, the renewal benefits are lost.
Q: Is porting allowed?
Yes, all HDFC Ergo health insurance policies allow you to port an existing health insurance policy to any policy offered by the company. Porting is allowed at renewals, is free of cost, and allows you to retain your renewal benefits even after switching insurers.
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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