HDFC SurgiCare Plan | Features | Advantage

In the fast paced lives that we lead, medical contingencies may arrive at our doorstep uninvited.Surgery costs form a substantial portion of health care expenditure and needs to be provided for. Health issues can get compounded if left unattended and may require a surgery. Plus, the ever increasing costs of surgical procedures are sure to burn a hole in our pockets.

HDFC SurgiCare Plan provides you with timely support in case you have to undergo a major surgery and hospitalizations, as the case maybe, ensuring your financial independence at all times.

Features –

Surgical Coverage –

Policy covers you against 82 surgical procedures. The details of these surgeries can be obtained from the policy brochure.

Sum Assured –

Sum assured can be any amount subject a minimum Rs- 1 lakh and maximum Rs- 5 lakh. The initial sum assured automatically increases by 5 per cent every year subject to a maximum escalation to the extent of 150 % of the original sum assured.

Benefits Option –

You have the following benefits options while purchasing the plan. Option A surgical benefits & hospital cash benefits, Option B Only surgical benefits.

Premium –

The premium under the plan depends on your age, sum assured, gender, policy term premium payment frequency and additional benefits opted for. The minimum amount of installment premium is Rs- 2000/- for half yearly and yearly frequencies and Rs- 1000 for monthly frequency. Premium for the half yearly and monthly frequency should be paid by ECS/SI Only. (Please note that the rate of premium is guaranteed for the first three years and will be reviewed subject to IRDA approval. Any reviewed premium will be futher guaranteed for a period of three years from the date of review.

Discount on Sum Assured –

Sum assured of greater than Rs- 2 lakh is entitled to for premium discounts of 35 per cent on over in excess of Rs- 2 lakh.

Continuous cover –

Your policy does not terminate after the payment of first or subsequent surgical procedures. Termination take place only if the total payout reaches 300 per cent of the sum assured or the term of the policy ends. (Please note that the limit is set on the percentage and not the absolute amount paid.

Entry Age –

The minimum age entry is 18 years and maximum age is 50 years.

Policy Term –

You can choose a minimum term of 7 years and the maximum term is 20 years.

Cover Basis –

This plan can be taken only on single life basis.

Maturity Benefits –

There is no benefits payable on maturity of the policy.

Death Benefits –

There is no benefits payable on the death of the insured but in case of ill-timed demise of the life assured, before setting any existing claims, the nominee will be paid the claim amount.

Surrender and paid up benefits –

There is neither any benefits payable on surrender nor there is any paid up benefits payable under this plan.

Policy Revival –

The policy can be revived within a year of lapsing, after paying the premium arrears and revival charges. A policy revival may entail a medical test or provision of health statements. Only one revival is permissible during the entire term of the policy.

Claims –

All claims under the policy are settled by our appointed TPA. The policy holder will be provided with a 24 hours call centre facility, which can be availed to find information regarding cashless and hospitalization facility.

Advantages

82 major surgical procedures are covered.
Option to include hospital cash benefit
Automatic increase in the level of health cover (subject to terms and conditions) ensures that the increasing medical costs are taken care of.
Lump sum benefits are paid regardless of the actual medical expenses.
The policy continues even after the after the payment of first or subsequent surgical procedures, subject to terms and conditions as stated in the policy brochure.
Flexibility to tailor-make the policy by choosing level of health cover, benefit options level and premium payment as per your needs.
Convenient and hassle free claims with cashless benefits on surgeries and hospitalization in any of the network hospitals.
Tax benefits can be availed under section 80D of the Income Tax Act, 1961

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Tags: HDFC Life Insurance, HDFC SurgiCare Plan