HDFC Ltd. is a Mumbai-based Indian financial corporation with businesses in banking, financing, and venture capital sectors. This company partnered up with the German ERGO group, an insurance giant, and started a private insurance firm in India. HDFCERGO General Insurance Company Limited was established in the year 2002.
The company sells various kinds of insurance products and carries out its operations through its branch offices located in over 90 cities of India. You can buy HDFCERGO motor insurance, travel insurance, home insurance and more. But it’s the company’s health insurance plans that have gained increasingly more popularity over the years.
World HRD Congress awarded HDFCERGO ‘Best Insurance Company’ in the Private sector-General category in 2014. The company also won ‘Best General Insurance Company in India’ award by IAIR for two years, 2013 and 2014. Its market share has also increased over the years and is the 4th largest general private insurer in India.
Buying health insurance is a necessity these days to prepare for the financial risks of the future. HDFCERGO provides different plans to suit the needs of the people with comprehensive covers at affordable prices for the whole family. It also has an ISO certification for its unparalleled services.
HDFC ERGO Health Insurance Policies– Common Features
The insurance firm has an ‘iAAA’ rating assigned by ICRA, an independent credit rating agency. This means that the company is trustworthy and indicates its claim paying ability. It has a wide network of hospitals supporting it. There are several other benefits of insuring with this company including 24X7 HDFCERGO customer care assistance and flexible payment options.
The health insurance plans by HDFCERGO are divided into two categories, indemnity and lump-sum benefit. The indemnity insurance pays according to the cost incurred and can be claimed multiple times while lump-sum pays the whole sum insured at once.
HDFCERGO Health Suraksha–a plan for individuals and families to cover all the necessary expenditures during medical procedures
HDFCERGO Health Suraksha with Regain and ECB – a health insurance plan with extra benefits that protects from major expenses
HDFCERGO Health Suraksha Gold – a basic indemnity cover package with benefits and affordable premium rates
HDFCERGO my: health Medisure Classic – a special plan by the company for supporting the needs of the families
HDFCERGO Critical Illness – a policy in 2 variants, silver and platinum, to protect financial aspects during medical emergencies
HDFCERGO my: health Super-Top-Up – customers can buy this policy to get extra financial coverage