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Stay Covered Against these Ailments with Critical Illness Insurance

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Published on July 29, 2021. EST READ TIME: 3 minutes



Life is full of uncertainties and critical illnesses are like curveballs. They can show up any time and make everything go haywire. Apart from all the physical pain and mental anxiety, the patient and their family end up bearing the brunt of high healthcare costs too. This is when having a critical illness insurance cover helps. This special health plan covers a range of critical illnesses, such as cancer, stroke, kidney diseases, heart attack and paralysis, and helps you avail quality treatment without worrying about the finances. To know more, read on.

What is Critical Illness?

Serious conditions, such as cancer, heart ailments, kidney conditions, stroke, Parkinson’s, Alzheimer’s and paralysis fall under the critical illness category. Apart from extensive medical care and long-term treatment, these conditions require multiple visits to the hospital and different medical tests from time to time.

Suffering from a critical illness is an expensive affair and physically and emotionally exhausting for the entire family. However, if you have critical illness insurance, you can file a claim with your insurer and receive a lump-sum amount up to the sum insured, for your treatment. In case you are left with a surplus, you can use it to pay off loans and debts.

HDFC ERGO Critical Illness Coverage

If you are looking to cover yourself and your loved ones with critical illness insurance, the policy by HDFC ERGO is a good option. The insurer covers many critical illnesses under a single plan and makes lump-sum payment if the policyholder is diagnosed with a critical illness.

Here’s why you must buy HDFC ERGO critical illness insurance:

• A single critical illness plan from the company covers up to 15 critical illnesses.
• On diagnosis of acritical illness, the company pays the entire sum insured in a single go.
• HDFC ERGO offers 2 plans under this category, so you can choose the one that best matches your requirements.
• The company offers critical illness plans for 1 or 2 years with easy renewability.
• Critical illness plans come with a free look period of 15 days.
• You can renew the policy for a lifetime.
• When taking a critical illness health plan, those below 45 years are exempted from medical check-ups.
• You can save up to INR 50,000 every year on taxes under Section 80D of the Income Tax Act, 1961.

Important things to keep in mind:

• Survival Period:

  The company offers a survival period of 30 days for critical illness plans. This means that the policyholder should survive for at least a period of 30 days after being diagnosed with the condition.

• Waiting Period

  The health plan comes with a waiting period of 90 days. So, the insurance company will entertain claims only after 90 days from the policy inception date.

• Minimum and maximum age

The minimum age to take the policy is 5 years, while the maximum is 65 years.

Critical Illnesses Covered under HDFC ERGO Critical Illness Insurance Plan

HDFC ERGO offers two policies for critical illnesses. Here’s a look at the illnesses covered under each of them.

• Silver Plan:
  • Heart Attack
  • Multiple Sclerosis
  • Stroke
  • Cancer
  • Paralysis
  • Major Organ Transplantation
  • Coronary Artery Bypass Surgery
  • Kidney Failure

     

• Platinum Plan:

• Heart Attack
• Stroke
• Cancer
• Multiple Sclerosis
• Paralysis
• Major Organ Transplantation
• Coronary Artery Bypass Surgery
• Kidney Failure
• Parkinson’s Disease
• Alzheimer’s Disease
• Aorta Graft Surgery
• Primary Pulmonary Arterial Hypertension
• Heart Valve Replacement
• End-stage Liver Disease
• Benign Brain Tumour

How to Claim Critical Illness Insurance

To make a claim against your critical illness policy, you must get in touch with HDFC ERGO and inform them about the same. You can also call on HDFC ERGO’s helpline numbers. On receiving the intimation, the company will register your claim and give you a unique reference number for future communication.

For claim processing, you must also submit the following documents to the insurance company within 45 days from the date of intimation:

• Duly filled claim form
• Original discharge summary
• All relevant treatment papers or consultation notes
• Medical reports from the doctor along with supporting invoices
• Original bills from the hospital
• Final bills with detailed breakup
• Pharmacy bills with prescriptions
• Any other documents that the insurer asks for

Conclusion

When it comes to financial security against life-threatening conditions, critical illness insuranceis your best bet. This health plan helps you avail top quality and timely treatment without fretting about exorbitant medical bills. If you are looking for HDFC ERGO critical illness insurance cover, you can easily take one online with minimum documentation. And whenever you want to make a claim, you can easily get in touch with the insurer and submit necessary bills and documents for quick claim settlement.

 

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

 

Related Articles

• Know about Health insurance, Critical illness and Cancer insurance plan
• Various diseases coverage under critical illness insurance
• Dos and Don'ts While Buying Critical Illness Insurance

 

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