HDFC ERGO General Insurance Company, India’s third-largest non-life Insurance Company, has added another innovative product to its health Insurance portfolio ‘Group Critical Illness Insurance’ – an insurance policy that covers the entire family or employees under one umbrella of protection. Unlike a regular health insurance policy, where the insured makes a claim based on the actual expenses incurred on hospitalisation, the ‘Group Critical Illness Insurance’ pays a lump-sum amount to the insured on diagnosis of listed critical illness covered under the policy.
HDFC ERGO Group Critical Illness Insurance policy is an extension of its popular critical illness insurance policy. The company will provide compensation after assessing relevant details. The insured has the choice of deciding how the claim amount can be used, as there is no restriction or sub-limits on the expenses except the sum insured.
Anurag Rastogi, head retail underwriting & claims, HDFC ERGO General Insurance Company, said, “With rising healthcare costs and the growing vulnerability to critical illnesses, having a comprehensive insurance protection is a necessity. HDFC ERGO offers a range of non-life insurance products that offers comprehensive protection to individuals and businesses.”