Thursday, June 23, 2016

Health Suraksha Plan by HDFC ERGO: Everything That You Should Know

finance plans for the health
The HDFC ERGO Insurance Plan Health Suraksha Plan is basically a broad ranged health insurance plan that not only covers your health, but also covers your entire family’s health.

Features of this plan

This plan comes into action when you or anyone else in your family needs to be hospitalized immediately, say in case of critical illness or any sort of severe accident. The expenses are included in both cases, i.e. pre and post hospitalization. Why most of the people like to go for this plan, is because there are no sub limits in case of hospital charges. This is one of the major concerns for the people when they plan to take a health insurance.

Secondly, there are no sub limits in doctors’ fees, room rent and much more.

Benefits of this plan

There are ample health benefits associated with this plan and that too, at a much lesser price when compared to the other health insurance plans. People have the option to choose as per their requirements.

They can either choose individual insurance, or family insurance. The policy term can range from a single year to two years. If you choose the policy for two years, then you can avail more tax benefits.

Coverage provided in this plan:
  • Pre hospitalization expenses (up to 60 days)
  • Post hospitalization expenses ( up to 90 days) after discharge
  • In patient treatment 
  • Domiciliary Treatment
  • Day care procedures for 144 days
  • Treatment expenses for organ donor
  • Ambulance expenses in case of emergency
  • Ayush Expenses
  • Maternity Expenses
  • Cumulative Bonus
  • Medical Check Ups
  • New born baby
Some other important features of this plan:
  • This policy is rapidly available at all the affordable rates
  • To avail additional benefits, one can add premium
  • The policy can be chosen for a single year or for 2 years
  • You can opt to choose either from family floater policy or individual health insurance
  • One can get cumulative bonus for every claim-free year
  • The medical checkup expenses can be reimbursed after you have continuously claimed the policy freely for 4 years
  • The cashless facilities can be chosen from more than 48000 hospitals in India
  • Up to the age of 45 years, no health checkup is required
  • People can avail immense tax benefits under section 80D of income tax department
  • Minimal documents requirement during the claim procedure
  • As described above, there aren’t any sub limits in various things like room rent, doctor
Who should and who can buy this plan?

From the age of 91 days, anyone is applicable for this plan and there is no maximum entry age limit.

The policy can be taken for:
  1. 1 Adult 
  2. 2 Adults 
  3. 2 Adults and 1 child 
  4. 2 Adults and 2 children
Exclusions in this policy and the waiting period

  • For the claim, there is a 30 days waiting period 
  • In case of preexisting conditions, there is a 48 months waiting period
  • For problems such as tumors, tonsils, sinuses, etc. there is a waiting period of 2 years 
  • Intent of crime
  • Breach of Law
  • Armed Conflicts or War
  • Any sort of self-destruction like suicidal attempt or self-caused injuries
  • Diseases such as AIDS/HIV
  • Plastic surgery or cosmetic surgery until and unless it has been performed because of a
  • Preventive measures such as vaccination, immunization
Is it mandatory to go for a health insurance policy?

Medical emergencies are never foreseen and no human being, no matter what his/her age is, is immortal. To avoid the last minute rush or getting the emergency fund or breaking your entire savings, one should always have a health insurance policy as it will definitely protect you and financially aid you during your difficult times.

Is there any sort of tax exemption when going for this policy?

Yes, there is. One can avail up to Rs. 15000 tax benefit under section 80D and in the case of senior citizens, up to Rs. 20000 tax benefit can be availed for HDFC ERGO health Surakshapolicy.

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