Objective

A special policy that provides a cover against critical illnesses.

Suited for

This policy is more suitable for those with a family history of life threatening disease(s). People approaching their 40s and those above 40, may opt for this cover as the chances of falling ill increase in old age.

What does it do?

This policy comes in three variants- Silver, Gold and Platinum. Silver Plan covers eight critical illness. Gold and Platinum plans cover more illnesses hence offering a wider protection. This policy pays a lump sum on confirmed diagnosis of any of the critical illnesses covered herein, after a survival period of 30 days. A policyholder cannot make multiple claims during the lifetime of the policy as the cover ceases once a claim is made for critical illness.

Pros

This plan can be bought online through company's website.
Premiums paid under this plan qualify for deduction under Section 80D of Income Tax Act.

Cons

Pre-existing diseases are not covered.
A person can enter this policy only upto 45 years of age.

Our View

Critical illnesses prick the pockets hard as their treatments require hefty amounts. This policy is worthy and the three variants on offer are useful for individuals to get cover of their desire that may be based on their family history.

Eligibility

Entry Age (years)

Minimum

5

Maximum

45

Maximum Policy Renewal Age (years)

66 for one year policy term and 67 years for two years policy term

Coverage Type

Individual

Policy Term (years)

1 or 2 years

Sum Insured (Rs)

Maximum

10 lakh

Minimum

2.5 lakh

Tax Benefit

Section 80D of the Income Tax Act are applicable

Discount

Discount on choosing a policy tenure of 2 years

Pre Policy Medical Check Up

Required depending upon age and sum insured

Grace Period for Policy Renewal

15 days

Policy Termination

Insurer may cancel the policy by giving a 30 days written notice to policyholder. Policyholder may also cancel the policy at any time by giving a written notice to insurer. In case policyholder cancelling the policy, a certain percentage of premium would be refunded based on policy term elapsed till date.

Customer Service

Address

HDFC ERGO General Insurance Company Limited 6th floor, Leela Business Park, Andheri-KurlaRoad Andheri East, Mumbai 400 059; Registered Office: Ramon House, HT Parekh Marg 169, Backbay Reclamation, Mumbai 400 020

Mail to

care@hdfcergo.com

Call to

1800 2 700 700

Exclusions and Waiting Period

Pre-existing diseases

Not covered

Survival period

Critical illness benefits will be paid only after a survival period of 30 days from the date of first diagnosis.

Waiting Period

90 days from the date of buying the policy for the first time

General Exclusions

HIV/ AIDS or any other related diseaseWar, participation in any criminal activity or adventurous activities such as mountaineering etc or any other related condition