HDFC Ergo General Insurance Company

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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 Insurer in India with a Market Share of 6.5% and the second largest Private General Insurer. The Company reported a Gross Written Premium of Rs16,873 Crores in FY23 v/s Rs13,707 Crores in FY22 and a Profit After Tax of Rs652.7 Crores in FY23 v/s Rs500 Crores in FY22. The Company has a network of 215 Branches. The Company issued 12.2 million Insurance Policies and serviced 5.8 million claims in FY23. 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. HDFC ERGO General Insurance Company Limited

Key Facts about HDFC Ergo General Insurance Company

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

Parameters - FY23 Key Facts
Incurred Claim Ratio - FY23 79.94%
Number of Policies Issued - FY23 12.2 million
Premium underwritten - FY23 Rs.16,873 crores
Solvency Ratio - FY23 1.81
Nationwide branches 200+
Cashless Claim Facility Available
Cashless hospitals 12,000+
Cashless garages 9,000+

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 Business Insurance Plans

HDFC Ergo General Insurance Company offers various Insurance Policies for Large Corporates, MSMEs and Startups including Marine Insurance Policy, Trade Credit Insurance Policy, Fire Insurance Policy, Commercial General Liability Insurance Policy, Group Health Insurance Policy, Workmen’s Compensation Insurance, Professional Indemnity Insurance Policy, Cyber Insurance Policy etc. This article explores different types of Business Insurances offered by HDFC Ergo General Insurance Company.

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:
  1. 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
  2. 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 New India Assurance 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.

HDFC Ergo Personal Insurance Plans

HDFC Ergo General Insurance Company offers various a range of Insurance Policies for Individuals and Families such as Health Insurance, Motor Insurance and Travel Insurance Plans. This article explores different types of Personal Insurances offered by HDFC Ergo General Insurance Company.

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 Ergo My:Optima Secure Health Insurance Plan provides a 4X increase in Health Insurance Coverage for no additional cost. The Policy allows you to choose between an Individual or Family Floater Policy option and provides various Sum Insured Options ranging from Rs5 lakhs to Rs2 crores. This policy offers comprehensive hospitalization coverage, coverage for Pre- and Post-Hospitalization expenses, Day Care Treatments etc.

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

  1. Various Sum Insured Options available up to Rs2 Crores
  2. HDFC Ergo My:Optima Secure Plan provides 2X Coverage from Day 1
  3. Plus Benefit under the Policy provides 100% increase in coverage after 2 years
  4. Under the Restore Benefit of Optima Secure, if any claim, partial or total, is made at any time during the year, then 100% of the base cover gets restored in the policy cover automatically, at no additional cost
  5. Policy Provides coverage for Consumable Expenses as well which are normally excluded under other health insurance policies
  6. Family Floater Health Insurance Policy is available to cover Spouse and Dependent Children
  7. Pre and Post-Hospitalisation Expenses Coverage for 60 days and 180 Days
  8. Policy provides coverage for Domiciliary Hospitalisation and Organ Donor Expenses
  9. Waiting Period of 36 months for Pre-Existing Diseases
  10. Waiting Period of 24 months for Specific Diseases
  11. Global Health Cover Option under the Optima Secure Global Plus Plan pays for emergency and planned overseas hospitalisation expenses as well
  12. 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 your Basic Sum Insured instantly after the first claim. The Policy has a minimum entry age of 91 days and maximum entry age of 65 years. 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. Various Sum Insured Options available up to Rs50 Lakhs
  2. The Policy has No Room Rent Capping Feature which means that all expenses are paid at actuals
  3. Floater Option available to cover Spouse and Dependent Children
  4. Pre and Post-Hospitalisation Expenses Coverage for 60 days and 180 Days
  5. Policy provides coverage for Domiciliary Hospitalisation and Day Care Procedures
  6. The Policy provides a Bonus of 50% of Basic Sum Insured for every claim-free year
  7. Waiting Period of 36 months for Pre-Existing Diseases
  8. Waiting Period of 24 months for Specific Diseases
  9. Lifelong Renewal
HDFC Ergo Critical Illness Insurance 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

  1. Sum Insured Options available from Rs2.5 Lakhs to Rs10 Lakhs
  2. Entry Age of 5 Years to 65 years
  3. 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
  4. Insured has an option to choose a survival period of 15 days/30 days
  5. 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 cover at affordable rates. 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
  2. The Policy covers hospitalisation expenses without any sublimits
  3. No medical tests up to the age of 55 years
  4. Floater Option available to cover Spouse and Dependent Children
  5. Pre and Post-Hospitalisation Expenses Coverage for 30 days and 60 Days
  6. Waiting Period of 36 months for Pre-Existing Diseases
  7. Lifelong Renewal and Affordable Premiums
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, Day Care Procedures, Pre And Post-Hospitalisation Expenses and AYUSH treatment

Key Features of HDFC Ergo Arogya Sanjeevani Policy

  1. Various Sum Insured Options available Rs50,000 to Rs10 Lakhs
  2. Family Floater Health Insurance Policy is available to cover Spouse, Dependent Children, Dependent Parents and Parents-in-law
  3. The Policy covers specialized treatments like Stem Cell Treatment and Robotic Surgery, etc. covered up to 50% of Sum Insured
  4. Room Rent Limit of 2% of Sum Insured subject to a maximum of Rs5000 per dat for Normal Rooms and 5% of Sum Insured subject to a maximum of Rs10,000 per day for ICU Rooms
  5. Pre and Post-Hospitalisation Expenses Coverage for 30 days and 60 Days
  6. 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.
  7. Waiting Period of 48 months for Pre-Existing Diseases
  8. Waiting Period of 24 and 48 months for Specific Diseases
  9. Co-Payment of 5% on each and every claim
  10. 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. Various Sum Insured Options available upto Rs50 Lakhs
  2. The Policy offers Day one coverage for all hospitalisation expenses arising out of Diabetes and Hypertension
  3. Pre and Post-Hospitalisation Expenses Coverage for 30 days and 60 Days
  4. Waiting Period of 24 months for Pre-Existing Diseases (other than Diabetes and Hypertension
  5. Waiting Period of 24 months for Specific Diseases like Cataract, Hernia, Joint Replacement Surgeries, Surgery of Hydrocele, etc.
  6. 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. Various Sum Insured Options available upto 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. 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

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

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

How to purchase a Policy from HDFC ERGO General Insurance?

HDFC ERGO provides its customers with online and offline options to purchase a General Insurance Plan. The Policy holder can follow the steps below to purchase a Policy with HDFC Ergo:

Online Process to purchase Insurance Policy with HDFC ERGO General Insurance

  1. Visit the HDFC Ergo General Insurance Website, navigate to the Menu and click on the Buy Option.
  2. Select the insurance product you want to purchase - Motor, Health, Travel etc.
  3. Fill in the required details and choose the preferred plan.
  4. Click on ‘Buy Now’ and complete the form with necessary information.
  5. Make the Premium Payment.
  6. Once the payment is successful, the policy document will be sent to your registered Mobile Number or Email ID.

Offline Process to purchase Insurance Policy with HDFC ERGO General Insurance

If you prefer to purchase a Policy offline, go to the nearest company branch or the Insurance Broker, where their experts will guide you through the entire process. An Insurance Broker will assist you with quote comparisons, negotiations and claims as well.

How to file a Claim with HDFC ERGO General Insurance Company?

Filing an Insurance Claim with HDFC Ergo General Insurance Company is a fairly simple process as listed below:

  1. Call the HDFC Ergo Toll Free helpline number and register a claim by providing details like details of incident, date of incident etc.
  2. Fill the Insurance Claim Form and provide the necessary documents
  3. The Insurance Company will investigate the claim, inspect documents and process the claim amount if everything is found appropriate

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

HDFC ERGO Health Insurance Claim Settlement Process – Cashless Claim Settlement**

The Policyholder must follow the steps listed below to avail Cashless Claim Settlement under the HDFC Ergo Health Insurance Policy:

  1. Locate the nearest network hospital covered by the HDFC Ergo Health Insurance Policy to avail treatment
  2. Inform HDFC Ergo about the hospitalization before 3-4 days in case of a planned hospitalization and within 4-5 hours in case of an emergency
  3. Show the Health Card issued by the Insurance Company to the insurance desk at the hospital
  4. Fill the Pre-Authorization Claim Form provided by the hospital
  5. The Hospital sends the Pre-Authorization Claim Form to HDFC Ergo for Claim Settlement
  6. The Insurance Company will inspect the details and inform the Insured about the approval or rejection of the Claim
  7. Once the Claim gets approved, the hospital sends the expenses and receipts to the Insurer and the hospital gets reimbursed for the treatment expenses directly by HDFC Ergo General Insurance Company.

Ineligible expenses, copayments, and deductions must be paid by the Insured. The advantage of cashless claim settlement is that the Policyholder does not need pay any amount from his own pocket.

HDFC ERGO Health Insurance Claim Settlement Process – Reimbursement Claim Settlement

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

  1. Inform HDFC Ergo within 24 hours of admission to the hospital. The Company will provide the Policyholder with a Claim Intimation Number after the claim is raised so that the Claim Status can be tracked.
  2. Make the payment to the hospital for the medical expenses incurred and keep original copies of all the Invoices.
  3. Submit the required documents to HDFC Ergo General Insurance Company
  4. The Insurance Company will verify the Claim Details, ask for additional documents if required and will approve or reject the Claim.
  5. The approved Claim Amount gets credited directly to the Bank Account of the Insured

What are the documents Required for a Reimbursement Claim under a Group Health Insurance Policy?

  1. The Insured needs to submit the following documents to HDFC Ergo to avail Reimbursement Claim Settlement under the Policy:
  2. ID Proof, Policy Health Card and Address Proof
  3. Duly Filled and Signed Claim Form
  4. Pathology Reports
  5. Medicine Prescriptions and Pharmacy Bills
  6. Pre and Post-Hospitalisation Bills
  7. Hospital Bills
  8. Discharge Summary

What is the Motor Insurance Claim Settlement Process with Bajaj Allianz 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

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.

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Hemik of Qian is knowledgable, prompt and very professional - highly recommended. I had to claim for a critical illness under my health insurance policy and Qian’s assistance with the claims process and advice on how to deal with the insurer was invaluable.

Niyati Shah