Non-life companies are once again turning towards premium growth due to new digital solutions coming in the market and boom in health segment. This is clearly visible from the launch of several health insurance products in the last few months. Joining this trend, HDFC ERGO has launched Optima Secure Health Policy, which offers coverage up to four times the sum insured. This policy also guarantees coverage for listed non-medical expenses.
This policy comes with four different features:
Secure benefit:
This health policy automatically doubles the insurance cover as soon as the policyholder buys the policy.
Plus benefit:
This policy automatically increases the base coverage to 50% and after two years to 100% in case of any claim after one year.
Restore benefit:
This policy restores your base coverage up to 100% if your coverage ends.
Protect benefit:
There is zero deduction on consumables and non-listed expenses. Base cover ranging from Rs 5 lakh to Rs 2 crore can be availed.
How does the policy work?
Assuming you opt for a sum assured of Rs 10 lakh under the secure benefit, it will instantly increase your base cover of Rs 10 lakh to Rs 20 lakh without any additional charges.
In plus benefit, your base cover will increase by 50% on the first year of renewal after one year and by 100% after two years, thereby increasing your sum insured from Rs 10 lakh to Rs 15 lakh in a year and 20 lakhs after two years. Overall, your total cover now comes up to Rs 30 lakh which is three times your base cover.
In the case of any claim of partial or total in the base cover of Rs 10 lakh in the restore benefit, the base cover is 100% restored within the same year.
For a person of 30 years who needs a cover of Rs 10 lakh in this policy, he will have to pay a premium of Rs 21,945 every year.
Ravi Viswanath, President (Accident & Health Business), HDFC ERGO General Insurance Company said, “We are thinking about our customers and bring to the market a product that will help you with the rising cost of healthcare. Delivers and delivers great benefits while being easy to understand.Secure,Plus,Protect and Restore benefits work together to provide four times coverage to the customers. These products offer a broad coverage of Rs 5 lakh to Rs 2 crore. With the value buy option, customers can avail discounts of more than 50%. They can avail cashless services in around 10,000 hospitals across the country. Optima Secure has a coverage level and a premium level that is suitable for every individual and family.
