If the customer has a second, subsequent no-claim year then their basic sum insured is raised by 100%. If your policy expiry date is missed, then also you can make the payment, as many insurance companies provide a grace period of up to 7 days, whereas some companies show some leniency by providing a grace period of up to 15 days. Renewal premium is calculated based on insured age at the time of renewal. 50 Lakhs, This HDFC ERGO Health Insurance Plan has coverage of up to for the self, spouse, dependent children and dependent parents, Network Hospitals expenses are covered where the hospitalisation is for more than 24 hours. The plan pays for the expenses that the policyholder has to pay for treatment on being diagnosed with a critical illness including the surgical procedures. This plan covers maternity expenses for before and after childbirth procedures, There is an option to cover the newborn baby from day one to 90 days, If an insured child is hospitalized then a lump sum amount is paid if an adult accompanies the child during the hospitalization, A Recovery Benefit of Rs. It is always recommended that one must be prepared at the earliest with all the safety measures before getting attacked. There is a Multiplier Benefit in which for every claim-free year, the customer receives a bonus of 50%, accumulating up to 100%. Last year you had covered yourself and family with a total health cover, how about continuing the trend and renewing policies online instantly to enjoy continuity benefits. Under the platinum plan, a female who is insured will receive twice the daily sickness cash amount for maternity. If there is a claim-free year, their basic sum insured will be raised by 50% with no extra charge. Insurance coverage to children is offered right from the fourth month if any of the parents is already covered, This HDFC ERGO Health Insurance health Insurance plan has coverage of up to for the self, spouse, dependent children and dependent parents or parents-in-law, Sum insured option provided up to Rs. Below are some of the features of this medical insurance plan: You can make the HDFC ERGO Health Insurance Renewal payment 60 days before the expiry of date. Product information is authentic and solely based on the information received from the Insurer© Copyright 2008-2021 policybazaar.com. Q4: How do I claim or indemnify the medical benefits under HDFC ERGO Health Insurance ? This HDFC ERGO Health Insurance (formally known as Apollo Munich Health Insurance) Policy has coverage of up to for the self, spouse, and dependent children, Sum insured option provided up to Rs. Renewal Conditions ... for renewal and the renewal premium in full has been received by the due dates and realisation of premium. Convalescence cash is provided in the form of a lump sum amount if the insured person is hospitalized for more than 7 continuous days. Q7: What is a pre-existing disease or condition under HDFC ERGO Health Insurance ? One can buy this rider along with Easy Health and Optima Restore plan with an annual premium ranging up to 10 lakhs or greater, aiming at getting covered the cost of treatment of specific illnesses that might incur during the treatment of an ailment in the abroad. Lifelong HDFC ERGO Health Insurance renewal benefit. The sum insured is available in both individual and family floater basis. It will cover you at the age when health insurance is utterly required. Reg. 2000 are covered, Expenses incurred for the treatment of the organ donor during transplantation are covered, A lump sum amount is provided if the person opts to stay in a shared accommodation while being hospitalized, Automatic restoration of the basic sum insured if the customers’ basic insured is exhausted during the course of the year. Twice the daily cash amount is provided for each continuous and completed 24 hours where two or more people are concurrently hospitalized due to an accident. Renewal Loyalty Discount of 5% on the renewal premium of the Insure Health Policy can be availed when it is Section 2 a) Benefits renewed, as a cross selling credit to buy any other Apollo Munich Health Insurance Policy within 365 days from the renewal date. 7,03,00,00,000. Written By: PolicyBazaar - Updated: 22 December 2020, Follow, like, tweet or post. 2) All pre-existing diseases will be covered after a waiting period of 3 years from the policy date. HDFC ERGO Health Insurance has bagged a couple of awards in the past years. The HDFC ERGO Health Insurance Company enables you to calculate the premium payable for different health insurance plans from the company. Grace Period of 30 days for renewal. However, the policy requires timely renewal. Section I Cost Sharing Not Applicable Renewal Conditions • Policy is ordinarily life-long renewable, subject to application for renewal and the renewal premium in full has been received by the due dates and realisation of premium. The plan covers the cost of hospitalization, maternity expenses, Ayush treatment expenses, with critical illness rider benefits. 3000 on a daily basis, In case of hospitalization for more than 24 hours, Coverage for expenses incurred before 15 days of hospitalization, Coverage for expenses incurred after 15 days of hospitalization. This reserve benefit keeps on increasing year after year. • No loading shall apply on renewals based on individual claims experience. No. 131 ● Corporate Identity Number - U66030MH2006PLC331263. 48 months for pre-existing diseases (can be reduced to 1 year on continues renewals). Waiting periods as mentioned in the policy wording gets reduced by 1 year if there is a continuous renewal of the Maxima Insurance policy. If a child below 12, who is insured is hospitalized for more than 72 hours a daily cash amount for the parents’ accommodation will be provided. Renewing Health Insurance policy? The HDFC ERGO Health Insurance Limited proposes a wide range of health insurance plans. Besides Axis Bank, HDFC ERGO Health Insurance has similar collaboration with Citi, Indian Overseas Bank, and Canara Bank as well to market its health insurance products to an increasingly large number of customers. Any unused balance is carried forward to the upcoming year with a bonus of 6 percent under this benefit. Health Insurance Plans at a glance: 1) Easy Health Individual Plan: 1 Lakh to Rs. 10 Lakhs. ... Apollo Munich Health Insurance Company Limited Corporate Office: 10th floor, Tower B, Building No. The company has a significant presence all over the country, which offers cashless service to policyholders at a range of multi-specialty hospitals. Coverage is provided from the age of 5 to 65 years. 100,000 and a maximum of Rs. Health Insurance Portability – All you need to Know. Lifelong renewal makes this policy a preferred one. For a 35-year old the premium for the base policy along with this rider comes out to be nearly Rs 16,000. The new renewal date will be one year from the date you have renewed your policy. The policyholder will enjoy a Restore Benefit if the customer or his family member exhausts the sum insured during the year. Apollo Munich Easy Health Insurance plan is a basic health insurance plan which can be taken as an Individual or as a Family floater ie., for the entire family. March 3, 2016: HDFC ERGO Health Insurance has launched a critical illness rider called ‘Critical Advantage’, which covers the insured on cashless basis along with treatment for eight illnesses abroad and the travel and accommodation cost of one family member. 404-405, Udyog Vihar, Phase-III, Gurgaon-122016, Haryana Corp. Off. 48 months for pre-existing diseases (can be reduced to 1 year on continues renewals). March 3, 2016: Apollo Munich Health Insurance has launched a critical illness rider called Critical Advantage, which covers the insured on cashless basis along with treatment for eight illnesses abroad and the travel and accommodation cost of one family member. B is 32 years old and his wife is 30 years old. Tax benefits are subject to changes in tax laws. The sum assured is increased by 50% for every claim free year with No-claim-bonus. This plan also offers coverage to an individual already insured under a group medical plan, which is further convertible into a normal health policy upon retirement. It is a unique plan that can be converted to a fully-fledged health insurance plan on retirement with no deductibles. The HDFC ERGO Optima Vital Health Insurance Plan is a critical illness health insurance policy that covers the expense incurred on the treatment of the specified critical illnesses. Apollo Plans offer 10% family discount on premium if 3 or more persons are covered under the same policy in family floater. So, last year you had bought your first health insurance policy, which means this year it’s due for renewal. What is the difference between term insurance, life insurance and health insurance? HDFC ERGO Health Insurance Ltd. (Formerly Apollo Munich Health Insurance) 1st Floor, SCF-19, Sector-14, Gurugram-122001, Haryana. To avail the seamless service of the phone calls, electricity, gas, water, Wi-Fi; you need to recharge or pay the bills on or before the due date. Antony Jacob, Chief Executive Officer, HDFC ERGO Health Insurance , says that the company in collaboration with Axis Bank is going to design custom-tailored health insurance plans for the existing as well as prospective customers of the bank, based on their requirements. It is a cashless cover without any sub-limits and co-pay clause. The coverage includes hospitalization expenses, maternity expenses, daycare procedures, and organ donor expenses. HDFC ERGO Health provides a vast array of health insurance plans that caters to individuals, families, senior citizens, and corporate houses as well. Apollo Munich Health Insurance, founded on 8th August 2007 as a joint venture between Apollo Hospitals Group and Munich Health, has become HDFC ERGO Health Insurance. 1 Lakh to Rs. We Would love to interact with you, Merger of HDFC ERGO Health Insurance with HDFC ERGO General Insurance, HDFC ERGO Health Wallet Individual Insurance, HDFC ERGO Optima Vital Health Insurance Plan, HDFC ERGO Optima Senior Health Insurance Plan, HDFC ERGO Optima Plus Health Insurance Plan, HDFC ERGO Optima Cash Health Insurance Plan, HDFC ERGO Easy Health Exclusive Insurance Plan, HDFC ERGO Optima Super health Insurance Plan. If you miss renewing your policy within the grace period, then you have to buy new HDFC ERGO Health Insurance policy . Of course, there are many of them that you need to keep going with the on-going lifestyle. This plan has coverage of up to for the self, spouse, dependent children, and dependent parents. The option is available at the renewal between 58-60 years provided the insured had enrolled before the age of 50 years and has been renewing the policy without a break. Apollo Munich gives you the facility to renew your plan at anytime and anywhere. This benefit is available as a rider option with its Easy Health or Optima Restore policy of 10 lakh and above. The coverage required is Rs. 50 Lakh with Reserve Benefits, Adults- 18 years and 65 yearsChildren- 3 months and 25 year, All the members are covered under single premium, Children- 3 months to 25 yearsAdults- up to 65 years, Additional 7.5% discount for 2 Years Premium, Discount of 7.5% is given whenever you go for a 2 year policy, 15% for twin sharing room.30% for single occupancy.30% for specified Illness or surgeries 15% for day care procedures, Rs. Renewal premium is based on the age of the policyholder at the time of policy renewal. The company has specialized doctors who handle and efficiently take care of the claims throughout. The insurer provides 30 days grace period, in case you miss the renewal due date. The company's motto is 'Let’s uncomplicate', which shows its focus on providing effective yet simple solutions for every healthcare need. 1 st Floor, SCF-19, Sector-14, HDFC ERGO Health Insurance Limited strives to become a trusted leader in the health insurance industry; it provides simple yet innovative solutions for health insurance. 50 Lakhs, Medical expenses in case of hospitalisation are covered, Expenses incurred before and after treatment at hospitals, covered for 60 and 90 days, respectively, Expenses incurred for the treatment of the organ donor during organ transplantation are covered, Expenses incurred for inpatient treatment under Unani, Ayurveda, Homeopathy, and Sidha are covered, as per AYUSH Benefit, After four claim-free years, a free comprehensive health check up is provided. The plan covers maternity expenses, recovery benefits & free health checkup benefits on every fourth year of renewal. 10, 000 is provided if the hospitalization is for greater than 10 days. There is an option of taking additional cover for critical illness. A wants to apply for an Optima Restore Individual policy for himself for a value of Rs. Any change in benefits or premium (other than due to change in age) will be done with the approval of the IRDA and will be intimated at least 3 months in advance. Health insurance coverage to children is offered right from the fourth month if any of the parents is already covered, Expenses incurred before and after hospitalization covered for 60 and 90 days, respectively, There is a waiver of Deductible Benefit in which enables the customer to convert this plan to a fully-fledged Indemnity Health Plan with no medicals or underwriting required, only at Apollo Munich health insurance renewal between 55 to 60 years. Apollo Munich Easy Health Insurance plan is a cover for treatment against illnesses and accidents or injuries requiring in-patient hospitalization. There is a facility for E-opinion, which enables the insured to request for a second opinion from another medical practitioner and the insurer does provide the same. The payment for renewal can be made 60 days before the policy expiry date. The premiums paid towards a health insurance policy are exempted from tax under section 80D of Income Tax Act, 1961. This medical plan provides daily cash amount for every 24 hours of hospitalization. 12 months for diseases like hernia, joint replacement, cataract etc. Shall apply on renewals based on insured age at the insurers with whom company. Policy wording gets reduced by 1 year if there is a cover for critical illness at least Rs crore... Premium without any co-payment clause a sum assured is increased by 50 % for every claim free year with waiver! Rider benefits agent personally to buy the plans required them that you need to keep going the. 65 years has coverage of up to 50 percent of the claims received by the due day or. 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