NEW DELHI : HDFC ERGO General Insurance announced the launch of Optima Secure, a new health insurance product that seeks to redefine the value customers can get from their insurance plan.
According to HDFC ERGO, the product incorporates the “built-in benefits of security, protection and restoration,” which combine to offer customers up to four times their sum insured at no additional cost, while ensuring coverage for non- medical listed. expenses.
The font offers four distinct characteristics
Secure advantage: In this case, it doubles the insurance coverage instantly and automatically when taking out a contract.
Additional benefit: In this case, it automatically increases the basic coverage by 50% after one year and to 100% after two years, even in the event of a claim.
Restoration benefit: If you no longer have coverage, the policy will restore your basic coverage to 100%.
Protect the advantage: It guarantees zero deduction on consumables and non-medical expenses listed.
This is how it works
Take, for example, Mr. Sharma, a 35-year-old married businessman from Delhi. He buys an Optima Secure policy of ₹10 lakh basic coverage for his family and pays a premium of ₹24,279 for that. The premium is inclusive of VAT and for a floating family policy with two members aged 35 and 30.
Now with the help of secure benefits he instantly makes his ₹10 lakh basic coverage at ₹20 lakh at no additional cost.
With the help of the plus benefit, When renewing the plan for 1 year, the plus benefit increases its basic coverage by ₹10 lakh of 50% and the second year of 100%, making it ₹15 lakh and ₹20 lakh respectively. The Plus Advantage and the Secure Advantage combine Full Coverage at ₹30 lakh.
In addition, with the restoration allowance, if at any time Mr. Sharma claims a partial or total claim ₹Base coverage of 10 lakh, it is 100% restored making it ₹30 lakh + ₹10 lakh = ₹Coverage of 40 lakh. In addition, during hospitalization, his non-medical expenses, which total 10 to 20% of the total amount of the invoice, are covered by the Protect guarantee.
This way, ₹The basic 10 lakh coverage eventually becomes ₹40 lakh. Therefore, Mr. Sharma finally gets 4X coverage after 2 years.
Ravi Vishwanath, President of Accident & Health, HDFC ERGO General Insurance, said, “Safety, Plus, Protection and Restoration benefits work together to provide clients with four times the coverage. The product offers a wide coverage of ₹5 lakh to ₹2 crores. Customers can access cashless services at nearly 10,000 hospitals across the country. In Optima Secure, there is a level of coverage and a level of premium available that is suitable for each individual and each family. “
The product also offers customers discounts of up to 50% (as part of the value purchase option), if they choose to pay a small amount out of pocket in the event of a claim.
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