HDFC Ergo General Insurance Company - History, Policy, Quotes, Claims, Features, Benefits | Buy and Renew Policy Online

About HDFC ERGO General Insurance Company

HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd., a leading housing finance institution in India, and ERGO International AG, the primary insurance entity of the Munich Re Group. Post amalgamation of HDFC with and into HDFC Bank Limited, one of India’s leading private sector bank, HDFC Ergo has become a subsidiary of HDFC Bank.

HDFC Ergo is the 4th largest General Insurance Company in India with a Market Share of 5.1% and the second largest Private General Insurer. The Company reported a Gross Written Premium of Rs16,229 Crores in FY25 v/s Rs18,801 Crores in FY24 and a Profit After Tax of Rs500 Crores in FY25 v/s Rs438 Crores in FY24. The Company has a network of 299 Branches. The Company issued 33.8 million Insurance Policies in FY25. The Company offers a wide range of general insurance products, including Personal Accident Insurance, Health Insurance, Travel Insurance, and Motor insurance. In the corporate space, the company provides a wide range of insurances such as Marine Insurance, Liability Insurance, Workmen’s Compensation Insurance, Fire Insurance, Group Health Insurance amongst others.

Key Facts about HDFC Ergo General Insurance Company

The following table illustrates the key facts about HDFC Ergo General Insurance Company

What is the Claim Settlement Ratio of HDFC Ergo General Insurance Company?

HDFC Ergo General Insurance Company reported a Claim Settlement Ratio (within 3 months) of 99.16% for FY24 according to IRDAI Handbook of Insurance Statistics 2023-24. This means that the Company settled 99.16% of all Insurance Claims within 3 months.

How to Purchase a HDFC Ergo Insurance Policy?

There are two main ways policyholders can purchase a HDFC Ergo Insurance policy - the online process and the offline process.

Online Process to purchase a HDFC Ergo Insurance Policy

1. Go to HDFC Ergo General Insurance website <www.hdfcergo.com>
2. Click on Buy and choose the type of policy you want to purchase - Motor, Health, Travel etc.
3. Provide the requisite details in the online proposal form, such as Personal Information, Sum Insured, Policy Term, and Nominee Details and Click on View Plans
4. Various relevant Plans will be displayed and Select 1 Plan after thropughly comparing the Plan features and Premiums
5. Upload necessary documents such as ID proof, Address Proof etc.
6. Pay the premium using net banking, UPI, credit/debit card or wallet.
7. The policy will be emailed to your registered email ID.

Offline Process to purchase a HDFC Ergo Insurance Policy

1. Locate the Nearest Branch or Consult an Insurance Broker: You can visit the nearest branch office of HDFC Ergo or alternatively contact Qian Insurance Brokers to purchase a HDFC Ergo Insurance Policy.
2. Fill the Proposal Form: Fill out the physical proposal form provided by the Broker or branch office. Provide necessary details such as personal information, sum insured, policy term, and nominee details. Pay the premium via cash, cheque, or demand draft (DD) at the branch office.
3. Receive Insurance Policy: Pay the premium via cash, cheque or demand draft and the Policy will be mailed to your address within 2 days.

How to Renew HDFC Ergo Insurance Policy?

HDFC Ergo Insurance Policy can be renewed both online and offline.

Online Process to Renew HDFC Ergo Insurance Policy

1. Go to HDFC Ergo Insurance website, Click on ‘Renew’, choose the type of policy you want to renew - Motor, Health, Travel etc.
2. Enter Registered Mobile Number or Policy Number and Click on ‘Renew Now’
3. Provide your personal details and Policy Details. The Website will display the Renewal Premium
4. Pay the premium using net banking, UPI, credit/debit card or wallet.
5. The renewed Insurance Policy will be emailed to your registered email ID.

Offline Process to Renew HDFC Ergo Insurance Policy

1. Contact Qian Insurance Broking or visit the nearest branch office of HDFC Ergo General Insurance Company.
2. Provide relevant details along with the details of expiring Policy
3. The Qian Insurance Team will assist you with renewal quotes and to submit relevant documents.
4. Pay the premium via cash, cheque or demand draft.
5. The Policy will be mailed to your address within 2 days.

How to File a Claim with the HDFC Ergo General Insurance Company?

The steps to file an Insurance Claim with HDFC Ergo General Insurance Company are listed below:

1. Intimate Claim: Go to the HDFC Ergo General Insurance Website, Click on ‘Claim’, enter the relevant Insurance Policy number and register a claim by providing details like Insured Information, Date of Incident etc. The Company will provide a Claim Intimation number upon successful registration of the Claim.
2. Submit Claim Documents: Submit the Claim Form and other relevant documents such as surveyor’s report, FIR Report, Report of Losses, Bank Account details etc.
3. Claim Settlement: The Insurance Company will investigate the claim, inspect documents and process the claim amount if everything is found appropriate.

What are the different Insurance Plans offered by HDFC ERGO General Insurance Company?

HDFC ERGO General Insurance Company provides a wide range of General Insurance Plans that are tailored to the unique requirements of its customers.

HDFC ERGO Health Insurance Plans

HDFC ERGO General Insurance Company offers various Health Insurance Plans depending on the requirement of the Insured. Some of the Health Insurance Plans offered by HDFC Ergo are listed below:

HDFC Ergo My:Optima Secure Health Insurance

HDFC Optima Secure Policy offers comprehensive coverage for Hospitalisation Expenses, Pre- and Post-Hospitalization expenses, Day Care Treatments, AYUSH Treatments etc. The Plan provides a 4X increase in Health Insurance Coverage for no additional cost and provides various Sum Insured Options ranging from Rs5 lakhs to Rs2 Crores.

Key Features of HDFC Ergo My:Optima Secure Health Insurance Policy

1. HDFC Ergo My:Optima Secure Plan provides 2X Coverage from Day 1 under the Secure Benefit
2. The Plus Benefit under the Policy provides an additional 100% increase in coverage after 2 years
3. The Policy provides a Restore Benefit, where any claim, partial or total, made at any time during the year, gets restored at 100% of the Base Cover automatically, at no additional cost.
4. Policy Provides coverage for Consumable Expenses as well which are normally excluded under other health insurance policies
5. The Policy provides Coverage for Pre and Post-Hospitalisation Expenses for 60 days and 180 Days respectively
6. Waiting Period of 36 months for Pre-Existing Diseases
7. Waiting Period of 24 months for Specific Diseases
8. Global Health Cover Option under the Optima Secure Global Plus Plan pays for emergency and planned overseas hospitalisation expenses as well
9. Lifelong Renewal

HDFC Ergo Optima Restore Health Insurance Policy

HDFC Ergo Optima Restore Health Insurance Plan is a comprehensive Health Insurance Plan which provides 100% Restoration of Basic Sum Insured instantly after the first claim. Sum Insured Options range from Rs3 lakhs to Rs50 Lakhs. This policy offers hospitalization coverage, coverage for Pre- and Post-Hospitalization expenses, Day Care Treatments etc.

Key Features of HDFC Ergo Optima Restore Health Insurance Policy

1. The Policy offers various Sum Insured Options available up to Rs50 Lakhs
2. The Policy has a minimum entry age of 91 days and maximum entry age of 65 years.
3. The Policy provides 50% of the Base Sum Insured as a Multiplier Benefit irrespective of any claims to a maximum of 100%. This means that the Base Sum Insured doubles in 2 years
4. The Policy has No Room Rent Capping Feature which means that all expenses are paid at actuals
5. Pre and Post-Hospitalisation Expenses Coverage for 60 days and 180 Days
6. Policy provides coverage for Domiciliary Hospitalisation and Daycare Procedures
7. Waiting Period of 24 months for Specific Diseases
8. Waiting Period of 36 months for Pre-Existing Diseases
9. Lifelong Renewal

HDFC Ergo Critical Illness Insurance Policy – Platinum Plan

HDFC Ergo Critical Illness Insurance Policy provides a lumpsum benefit on first diagnosis of any of 15 critical illnesses. The Policy has an entry age limit from 5 years to 65 years.

Key Features of HDFC Ergo Critical Illness Insurance Policy – Platinum Plan

1. The Policy offers Sum Insured options from Rs1 Lakh to Rs50 Lakhs
2. The Policy pays a lumpsum benefit on first diagnosis of any one of the 15 critical illnesses after a 15- or 30-days survival period from the date of the first diagnosis
3. The Policy has a Survival Period of 15 days or 30 days and a Waiting Period of 90 Days
4. Lifelong Renewal

HDFC Ergo My:Health Medisure Super Top Up Health Insurance Plan

HDFC Ergo My:Health Medisure is a Super Top-Up Health Insurance Plan which provides a large Health Insurance Coverage at affordable premiums. The Policy has an entry age of upto 65 years and does not require a medical checkup upto 55 years of age.

Key Features of HDFC Ergo My:Health Medisure Super Top Up Health Insurance Plan

1. Various Sum Insured Options available up to Rs20 Lakhs with a range of Deductible Options ranging from Rs2 lakhs to Rs5 lakhs
2. The Policy offers Floater Option available to cover Spouse and Dependent Children
3. The Policy covers hospitalisation expenses without any sublimits
4. Pre and Post-Hospitalisation Expenses Coverage for 30 days and 60 Days
5. Waiting Period of 36 months for Pre-Existing Diseases
6. The Policy offers constant premium after the age of 61 years and above
7. Lifelong Renewal

HDFC Ergo Arogya Sanjeevani Policy

HDFC Ergo Arogya Sanjeevani Policy is a standard Health Insurance policy which provides coverage for Hospitalisation expenses incurred by the Insured. The Policy off¬ers coverage against Hospitalisation expenses, Daycare Procedures, Pre and Post-Hospitalisation Expenses and AYUSH treatment.

Key Features of HDFC Ergo Arogya Sanjeevani Policy

1. The Policy offers various Sum Insured Options available Rs50,000 to Rs10 Lakhs
2. The Policy has a Room Rent Limit of 2% of Sum Insured subject to a maximum of Rs5000 per day for Normal Rooms and 5% of Sum Insured subject to a maximum of Rs10,000 per day for ICU Rooms
3. The Policy offers Pre and Post-Hospitalisation Expenses Coverage for 30 days and 60 Days
4. Cumulative Bonus of 5% per year for every claim-free year, provided that the Policy is renewed without a break every year, subject to a maximum of 50% of Sum Insured.
5. Waiting Period of 48 months for Pre-Existing Diseases
6. Waiting Period of 24 months for Specific Diseases
7. Waiting Period of 48 months for joint replacement unless arising from accident age-related osteoarthritis and osteoporosis
8. Co-Payment of 5% on each and every claim
9. Lifelong Renewal

HDFC Ergo Energy Diabetes Health Insurance Plan

HDFC Ergo Energy Diabetes Health Insurance Plan is a health insurance plan specifically targeting diabetic people. This plan provides coverage from Day 1, for all hospitalisation expenses arising out of Diabetes and Hypertension.

Key Features of HDFC Ergo Energy Diabetes Health Insurance Plan

1. The Policy offers various Sum Insured Options available Rs50,000 to Rs50 Lakhs
2. The Plan has an Entry Age of 18 years to 65 Years
3. The Policy offers Day one coverage for all Hospitalisation Expenses, Pre and Post-Hospitalisation Expenses and Daycare Procedures
4. Pre and Post-Hospitalisation Expenses Coverage for 30 days and 60 Days
5. Waiting Period of 24 months for Pre-Existing Diseases (other than Diabetes and Hypertension). Diabetes and Hypertension are covered from Day 1
6. Waiting Period of 24 months for Specific Diseases like Cataract, Hernia, Joint Replacement Surgeries, Surgery of Hydrocele, etc.
7. Lifelong Renewal

HDFC Ergo iCan Cancer Insurance Plan

HDFC Ergo iCan Cancer Insurance Plan is a specific health insurance plan targeted for cancer patients. The Plan covers medical expenses for hospitalisation (inpatient and daycare) and outpatient treatment taken for cancer.

Key Features of HDFC Ergo iCan Cancer Insurance Plan

1. The Policy offers various Sum Insured Options ranging from Rs5 lakhs to Rs50 Lakhs
2. The Policy covers medical expenses for hospitalisation (inpatient and daycare) and outpatient treatment taken for cancer such as Chemotherapy, Radiotherapy, Organ Transplant etc.
3. Pre and Post-Hospitalisation Expenses Coverage for 30 days and 60 Days
4. The Advanced Plan also covers advanced treatments such as Proton beam therapy, Immunotherapy including immunology agents e.g., Interferon, TNF, etc., Personalised and targeted therapy, Hormonal therapy or endocrine manipulation, Stem cell transplantation etc.
5. The Policy has an Initial Waiting Period of 120 Days
6. Any other illnesses apart from cancer are not covered
7. Lifelong Renewal

HDFC Ergo My:Health Women Suraksha

HDFC Ergo My:Health Women Suraksha is a comprehensive health insurance plan designed specifically for Women. Multiple Sum Insured options ranging from Rs1 lakh to Rs1 crore are available under this Policy.

Key Features of HDFC Ergo My:Health Women Suraksha Health Insurance Plan

1. Multiple Sum Insured Options ranging from Rs1 lakh to Rs1 crore are available under this Policy.
2. Policy has coverage for pregnancy complications and newborn baby complications with a Waiting Period of 1 Year
3. Policy provides comprehensive coverage for women-specific major illnesses and surgeries
4. The Policy also provides unique covers like, loss of job, reduced premium benefit
5. Policy has an entry age of 18 years to 65 years
6. Policy has a feature of Preventive Health Check Up at Renewal
7. Lifelong Renewal

HDFC Ergo My:Health Koti Suraksha Insurance

HDFC Ergo My:Health Koti Suraksha Health Insurance Policy is an affordable Health Insurance Plan which provides coverage of upto Rs1 Crores at reasonable premiums. The Policy has an entry age of 18 years to 65 years and offers coverage for Hospitalisation Expenses, Pre- and Post-Hospitalization expenses, Day Care Treatments, AYUSH Treatments etc.

Key Features of HDFC Ergo My:Health Koti Suraksha Health Insurance Plan

1. HDFC Ergo My:Health Koti Suraksha Health Insurance Plan has a Room Rent restriction of a Single Standard AC Room
2. The Policy has a Co-Payment of 20% for all Pre-existing Diseases and this Co-payment is applicable only during the Waiting Period and a Co-Payment of 20% for People who purchase the Policy after the age of 60 years
3. Pre and Post-Hospitalisation Expenses Coverage for 60 days and 180 Days
4. Cumulative Bonus of 10% per year irrespective of claims under expiring policy, subject to a maximum of 100% of Sum Insured.
5. Policy provides add-on covers for Non-Medical Expenses Coverage, Emergency Worldwide Treatment, Overseas Treatment for Specified Illnesses, Waiver of Disease Capping, Room Rent Waiver etc.
6. Waiting Period of 24 months for Specified Diseases
7. Waiting Period of 36 months for Pre-Existing Diseases
8. Lifetime Renewal

HDFC Ergo Health Wallet Insurance

HDFC Ergo Health Wallet Insurance is a comprehensive Health Insurance Plan with many unique features offering Sum Insured in the range of Rs3 lakhs to Rs50 lakhs.

Key Features of HDFC Ergo Health Wallet Insurance Plan

1. HDFC Ergo Health Wallet Insurance Plan provides coverage for Hospitalisation Expenses, Pre and Post-Hospitalisation Expenses, Daycare Procedures, Organ Donor Expenses etc.
2. The Plan offers a Reserve Benefit where the Sum Insured under the Benefit can be used for OPD Expenses such as Diagnostic Tests, Vaccinations, Consultations etc. The unused portion of the Reserve Benefit carries forward to next year along with a 6% bonus at renewal.
3. The Policy provides 50% of the Base Sum Insured as a Multiplier Benefit in case of a claim-free year subject to a maximum of 100%. This means that the Base Sum Insured doubles in 2 years
4. Restore Benefit under the Policy automatically restores the Policy Sum Insured if the base Sum Insured and Multiplier Benefit is completely exhausted during the policy period. The Restore Benefit is applicable only for Unrelated Illnesses.
5. Worldwide Coverage: The Policy covers Hospitalisation Expenses and Daycare medical expenses incurred for emergency treatments for an illness or injury sustained or contracted outside of India which cannot be postponed until the Insured returns back to India, provided such treatment was medically necessary
6. Pre and Post-Hospitalisation Expenses Coverage for 60 days and 90 Days
7. Waiting Period of 24 months for Specified Diseases
8. Waiting Period of 36 months for Pre-Existing Diseases
9. Lifetime Renewal

What is the Health Insurance Claim Settlement Process with HDFC Ergo General Insurance Company?

A Policyholder can opt for Health Insurance Claim Settlement with HDFC Ergo in 2 ways

HDFC Ergo Claims Settlement Process - Cashless Claim Settlement

The Policyholder has to just show the Health E-Card at the network hospital of HDFC Ergo. HDFC Ergo settles the bill directly with the hospital and the Policyholder does not have to bear any expenses out of his own pocket.

HDFC Ergo Claims Settlement Process - Reimbursement Claim Settlement

Under Reimbursement Claim Settlement Process, the Policyholder pays the hospital bill out of his own pocket first and then claims a Reimbursement under the Health Insurance Policy by submitting the required documents to HDFC Ergo.

Motor Insurance Products offered by HDFC Ergo General Insurance Company

HDFC Ergo Commercial Vehicle Insurance Policy

HDFC Ergo Commercial Vehicle Insurance Policy provides insurance coverage to Commercial Vehicles such as Trucks, Trailers etc. HDFC Ergo offers a comprehensive Commercial Vehicle Insurance Policy which covers damage to vehicle itself from Perils such as Fire, Accidents, Theft, Calamities etc as well as liability arising due to Third Party Bodily Injury and Property Damage.

Key Features of HDFC Ergo Commercial Vehicle Insurance Policy

1. Add-On Covers of Zero Depreciation available
2. No Claim Bonus of upto 50% on Own Damage Premium
3. Comprehensive Package Policy covering Own Damage as well as Third Party Liability
4. Attractive Discounts for Commercial Vehicle Fleet Owners

HDFC Ergo Car Insurance Policy

HDFC Ergo General Insurance Company offers a comprehensive Car Insurance Policy to protect the car from risks like Accidents, Theft, Fire, Natural Calamities etc. in addition to the mandatory Third-Party Liability. The Car Insurance Policy offers comprehensive coverage against Own Damage as well as Third Party Liability.

Key Features of HDFC Ergo Car Insurance Policy

1. Attractive Add-On Covers of Zero Depreciation, Return to Invoice, Engine Protect, Road Side Assistance, Key Replacement Cover are available to enhance insurance coverage
2. No Claim Bonus of upto 50% on Own Damage Premium
3. Online Renewal
4. Attractive Discounts on Own Damage Premium

HDFC Ergo Two-Wheeler Insurance Policy

HDFC Ergo offers a comprehensive Two-Wheeler Insurance Policy for Scooters and Motorcycles to protect them from various risks like accidents, fire, etc. The Insurance Policy offers comprehensive coverage against Own Damage as well as Third Party Liability.

Key Features of HDFC Ergo Two-Wheeler Insurance Policy

1. No Claim Bonus of upto 50%
2. Online Renewal
3. The Insured can make unlimited claims under the Policy

What is the Motor Insurance Claim Settlement Process with HDFC Ergo General Insurance Company?

HDFC ERGO Motor Insurance Claim Process– Cashless Claim Settlement

In order to avail Cashless Claim Settlement under the HDFC Ergo Motor Insurance Policy, the Policyholder must follow the steps listed below:

1. Locate the nearest network garage covered by the HDFC Ergo Motor Insurance Policy on <www.hdfcergo.com> and bring the damaged car/bike to the same for repairs
2. Inform HDFC Ergo about the accident and damage to the vehicle by providing the necessary details such as Policy Number, Date, Time and Description of Accident
3. HDFC Ergo General Insurance Company will send a surveyor to the Garage to inspect the extent of damage post which the approval to begin repairs is given.
4. Once the approval is received, the Garage can commence repairs.
5. The Insured needs to fill the claim form and provide the related documents as mentioned in the form.
6. Once the vehicle is ready, the Insured needs to pay his share of the Claim consisting of Deductible, Depreciation etc .to the garage and drive off. The balance would be settled by HDFC Ergo directly with the network garage

HDFC ERGO Motor Insurance Claim Process– Reimbursement Claim Settlement

If the Policyholder chooses a non-network Garage, he will have to opt for Reimbursement Claim Settlement. The Reimbursement Claim Settlement for Motor Insurance is listed below:

1. Inform HDFC Ergo of the Accident on the Mobile App or Website
2. The Company will send a surveyor to assess the extent of damage
3. The Insured needs to submit the Duly Filled and Signed Claim Form along with the necessary documents as mentioned in the form
4. The Claim is processed on receipt of documents and the Claim Amount will be credited to the bank account of the Policyholder

Travel Insurance Plans by HDFC Ergo General Insurance Company

When traveling, one is exposed to a variety of unforeseeable risks that can disrupt one’s peace of mind. A Travel Insurance Policy protects you against such unforeseen events. HDFC ERGO provides a variety of Travel Insurance Plans to meet the needs of policyholders. Let’s take a quick look at these plans.

HDFC Ergo Travel Explorer Plan for Individuals and Families

HDFC Ergo General Insurance Company offers a comprehensive Travel Insurance Plan for Individuals and Families.

Key Features of HDFC Ergo Travel Explorer Plan

1. Provides Coverage for Emergency Medical Expenses, Dental Expenses, Personal Accident etc.
2. The Policy also provides Journey Related Coverage such as Flight Delay and Cancellation, Trip Delay & Cancellation, Loss of Passport and International Driving License, Trip Curtailment, Emergency Hotel Accommodation for Insured Person, Missed Flight Connection, Hijack Distress Allowance etc.
3. Sum insured options ranging from USD 40,000 to 10,00,000
4. Annual Multi Trip option available for Frequent Fliers

HDFC Ergo Student Travel Insurance Plan

HDFC Ergo General Insurance Company offers a Travel Insurance Plan specifically designed for Students. The Plan offers worldwide cover for students from 30 days to 2 years.

Key Features of HDFC Ergo Student Travel Insurance Plan

1. HDFC Ergo Student Travel Insurance Plan provides coverage to students in the age group of 16 to 35 years
2. The Policy covers medical expenses, evacuation and repatriation
3. Covers risks like loss of passport, bail bond, study interruption, sponsor protection
4. The Policy provides Worldwide Cover for students from 30 days to 2 years

Employee Benefit Insurance offered by HDFC ERGO General Insurance Company

HDFC Ergo Group Health Insurance Policy

HDFC Ergo Group Health Insurance Policy is the Group Medical Insurance Plan of HDFC Ergo General Insurance Company. HDFC Ergo Group Mediclaim Policy provides comprehensive coverage for hospitalization expenses of employees and their families under a single Policy. The Policy provides benefits like coverage for Pre-Existing Diseases, coverage for Pre and Post-Hospitalisation Expenses, Maternity Coverage, Cashless Claims Settlement, Reimbursement of Health Check Up Costs and Lower Premiums compared to Individual Health Insurance Plans.

HDFC Ergo Group Personal Accident Insurance Policy

HDFC Ergo Group Personal Accident Insurance Policy provides cover to employees against Accidental Death, Permanent Total Disablement, Permanent Partial Disablement and Temporary Total Disablement etc. Employers usually purchase a Group Personal Accident Insurance Policy for Employees as part of an Employee Benefits Package.

Key Features of HDFC Ergo Group Personal Accident Insurance Policy

1. Covers Accidental Death, Permanent Total/Partial Disability, Temporary Total Disability of employees.
2. The Policy pays a lumpsum amount to the Insured depending on Accidental Death or Type of Disability as per Policy Terms and Conditions.
3. In case of Temporary Total Disablement which prevents the Insured from engaging in any employment or occupation, the Policy pays 1% of Sum Insured per week to the Policyholder subject to a maximum of Rs6000 per week for a maximum period of 100 weeks.
4. The Policyholder has an option to opt for add-on covers which provides cover for Ambulance Charges, Transportation of Mortal Remains etc.

HDFC Ergo Employee Compensation Insurance Policy

HDFC Ergo Employee Compensation Insurance Policy provides compensation to employees in case of accidental death or disablement caused to the employees in the course of their employment.

Key Features of New India Assurance’s Workmen Compensation Insurance Policy HDFC Ergo Workmen’s Compensation Insurance Policy covers the legal liability of the employers under the following laws:

1. Employee Compensation Act, 1923
2. Common Law
3. Fatal Accidents Act, 1855

HDFC Ergo WC Policy provides the following extensions

1. Contractual Employees
2. Medical Expenses
3. Occupational Diseases Cover 

Fire Insurance Policies offered by HDFC ERGO General Insurance Company

HDFC ERGO Standard Fire & Special Perils Policy

HDFC ERGO General Insurance Company Ltd offers a Standard Fire and Special Perils Insurance Policy , which is a comprehensive Fire Insurance Policy providing coverage for Plant and Machinery, Inventory Stocks, Buildings etc. HDFC Ergo SFSP Policy can be used to insure assets when the Total Sum Insured exceeds Rs50 Crores.

Key Features of HDFC ERGO Standard Fire & Special Perils Policy

1. HDFC ERGO Standard Fire & Special Perils Policy provides coverage against the following Perils :

• Fire
• Lightning
• Explosion/Implosion
• Aircraft Damage
• Riot, Strike, Malicious Damage
• Storm, Typhoon, Hurricane, Tornado, Flood, and Inundation (STFI Cover)
• Impact Damage
• Subsidence, Landslides, and Rockslides
• Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
• Missile Testing operations
• Leakage from Automatic Sprinkler Installations
• Bush Fire

2. The Policy provides a range of add-on covers such as Removal of Debris, Loss Minimisation Expenses, Cost of Rewriting Records etc. which extend the Policy Coverage
3. Competitive Premiums

HDFC Ergo Bharat Sookshma Udyam Suraksha Policy

HDFC Ergo Bharat Sookshma Udyam Suraksha Policy covers Physical Loss, Damage, Or Destruction caused to the Insured Property. This Insurance Policy is meant for enterprises where the total value at risk across all insurable asset classes at one location does not exceed Rs5 Crores at the Policy Commencement Date.

Key Features of HDFC Ergo Bharat Sookshma Udyam Suraksha Policy

1. HDFC Ergo Bharat Sookshma Udyam Suraksha Insurance Policy provides coverage against various perils such as Fire, Explosion or Implosion, Lightning, Earthquake, Storms, Floods etc.
2. The Policy provides coverage for Plant and Machinery on Reinstatement Value Basis.
3. The Policy also offers Waiver of Underinsurance as an Inbuilt feature.

HDFC Ergo Bharat Laghu Udyam Suraksha Policy

HDFC Ergo Bharat Laghu Udyam Suraksha Policy provides Insurance Coverage for the Physical Loss, Damage, or Destruction of Insured Property. This Policy is issued to enterprises where the total value at risk across all insurable asset classes at one location exceeds Rs5 Crore but does not exceed Rs50 Crore.

Key Features of HDFC Ergo Bharat Laghu Udyam Suraksha Policy

1. The Policy provides coverage against various perils such as Fire, Explosion or Implosion, Lightning, Earthquake, Storms, Floods etc.
2. HDFC Ergo Bharat Laghu Udyam Suraksha Policy also provides Inbuilt Add-On Covers such as Temporary Removal of Stocks Cover, Costs for Debris Removal, Professional Fees etc.
3. HDFC Ergp Bharat Laghu Udyam Suraksha Policy also offers Waiver of Underinsurance as an Inbuilt feature.

HDFC Ergo Bharat Griha Raksha Policy

HDFC Ergo Bharat Griha Raksha is a standard Home Insurance Policy which offers protection to home building and contents against unexpected events. Additionally, the Policy also offers cover for Valuable Contents like Jewellery, Paintings on an agreed value basis.

Key Features of HDFC Ergo Bharat Griha Raksha Policy

1. Multi Year Policy Duration from 1 Year to 10 Years
2. Apart from the home, additional structures like garages, domestic outhouses for residence, compound walls, fences, gates, retaining walls and internal roads, parking space, water tanks for residence can also be covered under the Policy.
3. Underinsurance does not apply to the HDFC Ergo Bharat Griha Raksha Policy.
4. The Policy also provides cover for 5% of Claim Amount for reasonable fees of the Architect, Surveyor and Consulting Engineer, and upto 2% of the Claim Amount for Costs for Debris Removal

Liability Insurance Policies offered by HDFC Ergo General Insurance Company Ltd

HDFC Ergo Cyber Insurance Policy

HDFC Ergo Cyber Security Insurance Policy protects the Insured from financial losses and third party liability following a cyberattack or a data breach incident of the company’s network systems. The Cyber Insurance Policy provides comprehensive coverage for Defence Costs, Forensic Costs, Data Restoration Costs, Credit Monitoring Services, E-Business Interruption Expenses and Notification Expenses.

Key Features of HDFC ERGO Cyber Insurance Policy

1. HDFC Ergo Cyber Insurance Policy provides coverage for First Party Liability like E-Theft, E-Communication, E-Threat, E-Business Interruption and E-Vandalism
2. The Policy provides coverage for Forensic Costs, Notification Expenses, PR Expenses
3. The Policy also provides coverage for Third Party Liability like Conduit Liability, Impaired Access Liability, Disclosure Liability, Reputational Liability and Content Liability
4. HDFC Ergo Cyber Insurance Policy combines the benefit of Third-Paty Liability and Cyber Crime Expense Coverage

HDFC Ergo Directors and Officers Liability Insurance Policy

HDFC Ergo D&O Liability Insurance Policy provides coverage for Wrongful Acts committed by the Directors and Officers of a Company in their managerial capacity. A Wrongful Act is defined as Breach of Duty, Breach of Trust, Error, Omission, Negligence, Misstatement or Misleading Statement. The D&O Liability Insurance Policy provides coverage for Defence Costs and Compensatory Damages.

Key Features of HDFC Ergo D&O Liability Insurance Policy

1. HDFC Ergo D&O Liability Insurance Policy provides worldwide coverage
2. Insured has the right to choose his own legal counsel subject to the approval of the Insurance Company
3. Definition of Loss covers judgements, settlements and defence costs.
4. Policy is issued on a Right to Defend Form and as a Claims Made Policy
5. Worldwide Territory and Jurisdiction Coverage

HDFC Ergo Commercial General Liability Insurance Policy

HDFC Ergo Commercial General Liability Insurance Policy reimburses the Insured Person for the Legal Expenses and Compensatory Damages that the Insured becomes legally liable to pay because of Bodily Injury or Property Damage, suffered by a Third Party on account of Company’s Operations, Products or Injuries that occur within the Insured’s Business Premises. The Policy also provides a separate cover for Personal or Advertising Injury.

Key Features of HDFC Ergo Commercial General Liability Insurance Policy

1. Worldwide Cover: The CGL Insurance Policy provides Worldwide Territory and Jurisdiction Cover to cover business operations across the world.
2. The CGL Policy provides also cover for No-Fault Medical Expenses
3. Coverage for “Personal and Advertising Injury”: Provides protection against claims involving libel, slander, defamation, copyright infringement, and similar offenses.

HDFC Ergo Product Liability Insurance Policy

HDFC Ergo Product Liability Insurance Policy reimburses the Insured for the Legal Expenses and Compensatory Damages that the Insured becomes legally liable to pay because of Bodily Injury or Property Damage caused a Third Party because of using the Insured’s Products.

Key Features of HDFC Ergo Product Liability Insurance Policy

1. HDFC ERGO Product Liability Insurance Policy is a crucial for product manufacturers, sellers, and distributors in India.
2. The Product Liability Insurance Policy provides coverage for Defence Costs and Compensatory Damages.
3. Retroactive Date Cover - The Policy provides coverage for claims resulting from all incidents that occur after the Retroactive Date .

HDFC Ergo Commercial Crime Insurance Policy

HDFC Ergo Commercial Crime Insurance Policy provides protection against financial losses related to business crimes such as employee theft, forgery, embezzlement, fraudulent funds transfer, computer frauds etc.

Key Features of HDFC Ergo Commercial Crime Insurance Policy

1. HDFC Ergo Commercial Crime Insurance Policy offers cover against various crimes such as Premises Coverage, Employee Theft Coverage, Depositors Forgery Coverage and Electronic Frauds.
2. The Policy offers coverage for Defence Costs and Compensatory Damages

HDFC Ergo Public Offering of Securities Insurance Policy (POSI Policy)

HDFC Ergo Public Offering of Securities Insurance Policy protects a Company and its Directors against liabilities arising from offering the company’s securities for sale and listing on a public stock exchange.

Features of HDFC Ergo Public Offering of Securities Insurance

1. HDFC Ergo Public Offering of Securities Insurance protects the Insured against the long-term liability exposure associated with Securities Offerings.
2. HDFC Ergo POSI Insurance Policy is a transaction specific product which protects the existing D&O Policy Limits
3. The Policy can provide protection for upto 10 years
4. Policy provides cover for Defence Costs and Compensatory Damages
5. Policy also covers Underwriter exposure from the Actual or Alleged Untrue or Misleading Statement or Information from the Prospectus

Marine Insurance Policies offered by HDFC Ergo General Insurance Company

HDFC Ergo Specific Voyage Marine Insurance Policy

The HDFC Specific Voyage Marine Insurance Policy insures a single transit for any damage to cargo whilst in transit. The cargo owner must purchase a separate Policy for each and every transit. This Policy is applicable for small business owners who do not have very frequent transits.

HDFC Ergo Marine Open Insurance Policy

HDFC Ergo Marine Open Policy is issued to companies with frequent cargo dispatches. A Marine Open Policy covers all shipments by the Insured on an annual basis. A Single Policy insures a single leg of transit, i.e. Exports, Imports, Domestic Sales, Purchases etc. A Marine Open Policy eliminates the need to insure each transit separately, thus reducing the administrative hassle of issuing a separate policy for each transit.

HDFC Ergo Sales Turnover Policy (STOP Insurance Policy)

HDFC Ergo Marine Sales Turnover Policy covers all the transits, that is Export Sales, Domestic Sales, Imports, Local Purchases, Inter-Factory Movements, Job Worker Movements, Capital Equipment and Container Movements under a Single Policy. The Insured just needs to declare the Sales Turnover of the Company on a periodic basis rather than making a declaration of all transits taking place as done in a Marine Open Policy. The advantage of the Sales Turnover Policy is that the Insured does not need to make declarations of transit as it is done in a Marine Open Policy. Another important point is that all legs of transit get covered under a single policy.

HDFC Ergo Custom Duty Insurance Policy

HDFC Ergo Custom Duty Insurance Policy is granted for goods imported into India and which are subject to custom duty. The Policy is issued in favour of importers only and cannot be assigned. The Policy is issued on the basis of Indemnity, and it is not an agreed value policy. The Policy compensates the Insured for the loss of customs duty for that portion of goods which are damaged in transit and for which the Custom Duty is not refunded. Designed specifically to address the financial impact of damaged goods on customs duties. A Custom Duty Policy can only be issued if there is a Policy on the CIF Value of the Cargo. The Claim under the Custom Duty Policy is admissible only if the claim under the CIF Value Policy is payable and the Claims under a Duty Insurance Policy are payable on the basis of actual duty paid or on the basis of the Sum insured, whichever is less. Another important point is that Scope and Duration of the CIF Value Policy and Custom Duty Policy are identical.

Engineering Insurance Policies offered by HDFC Ergo General Insurance Company

HDFC Ergo Contractors All Risk Insurance Policy (CAR Insurance)

HDFC Ergo Contractors All Risk Insurance Policy (CAR Insurance) covers damages caused by accidents to civil projects during the construction phase. The Policy covers physical loss or damage to property, plant, machinery and tools, works brought on to the site, temporary works erected on-site, as well as third party Liability related to work conducted on the site.

Key Features of HDFC Ergo Contractors All Risk Insurance Policy

1. Material Damage Section: The Material Damage Section of the CAR Insurance Policy covers Physical Damage to the Property under construction, protecting against Perils such as Fire, Lightning, Theft, and Burglary.
2. Third-Party Liability Section: The Third-Party Liability Section of the HDFC Ergo Contractors All Risk Insurance Policy provides coverage for the legal liability of the contractor for bodily injury or property damage caused to third parties because of work conducted on the site.
3. The Policy can be extended to include the interest of suppliers/manufacturers, Contractors and Subcontractors.  

HDFC Ergo Erection All Risk Insurance Policy

HDFC Ergo Erection All Risk Insurance Policy provides protection to principal and contractors against financial loss due to any accident resulting in loss or damage to the property insured at the project site whilst being stored, erected, tested and maintained.

Key Features of HDFC Ergo Erection All Risk Insurance Policy

1. Material Damage Section: The Material Damage Section of an EAR Insurance Policy protects against material damage to the plant under construction, including perils like Fire, Lightning, Theft, Burglary, Acts of Gods, Riots, Strikes, and Terrorism.
2. Third-Party Liability Section: The Third-Party Liability Section of the HDFC Ergo Erection All Risk Insurance Policy provides coverage for the legal liability of the contractor for bodily injury or property damage caused to third parties because of work conducted on the site.

Other Project Insurance Policies offered by HDFC Ergo General Insurance Company

1. Machinery Breakdown Insurance Policy
2. Contractors Plant and Machinery Insurance Policy
3. Boiler and Pressure Plant Policy
4. Civil Engineering Completed Risks Insurance

HDFC Ergo Trade Credit Insurance Policy

HDFC Ergo provides a Trade Credit Insurance Policy to compensate the seller if the buyer does not pay for the goods or services he has received. The Credit Insurance Policy assists the seller in expanding business by extending credit to newer customers or expanding to newer territories without worrying about bad debt. HDFC Ergo partners with Atradius India to offer the Trade Credit Insurance Policy

Key Features of the HDFC Ergo Trade Credit Insurance Policy

1. Policy provides cover against commercial risks like Non-Payment of Invoices and Insolvency of the Buyer
2. Insures up to 85% of credit extended to buyers
3. Premium is based on Annual Credit Sales Turnover
4. Exclusions include Trade Disputes, Sales to Government Entities, Advance Payments
5. Offers protection for both domestic and export trade transactions.

Purchase HDFC Ergo General Insurance Policies with Qian!

Qian is a licensed Insurance Broker with HDFC Ergo General Insurance Company. We can assist you with all Insurance Policies as well as Claim Settlement with HDFC Ergo General Insurance Company. For a Quote from Qian for HDFC Ergo General Insurance Company’s Insurance Policy, get in touch with us via email at insurance@qian.co.in or call us on 022-35134695. We would be glad to assist you.