‘Health is Wealth’ is one of the oldest adages heard by every individual. This is because, without good health it is not possible to enjoy every other aspect of life. Individuals today give more importance to their health unlike the previous generation. This is also due to advances in terms of healthcare and technology. However, due to a number of lifestyle changes health issues are more common today than before. This in turn results in a greater financial burden on not just the individual but also his/her family. Therefore, health insurance policies are imperative today, so that the individual’s financial security is not compromised. HDFC Life offers a number of health insurance plans that cater to the needs of individuals.
One of the most prominent plans is the Easy Health Plan. This scheme provides a lump sum amount in case the individual is hospitalised or undergoes any Surgery or even when he/she is diagnosed with a Critical Illness. This comprehensive and fixed benefit health insurance policy that provides protection against Surgeries, Critical Illness and Hospitalization. Policyholders can choose between 1, 2 or all 3 benefit options. They also have the choice to customise their health plan based on their needs and choose any one of the 7 Plan Choices.
In case of diagnosis of any of the 18 Critical Illnesses, a lump sum payout will be provided. The same will also be given against any of the 138 Surgical Procedures covered under this plan. In case the policyholder has been hospitalised, a daily hospital cash benefit will be provided. However, the most appealing aspect of this plan is the fact that issuance process is very simple without the need for potential customers to undergo any medicals.
Eligibility for this plan depends on a number of factors such as age and policy term chosen.
|Minimum Age of Entry||18 years|
|Maximum Age of Entry||65 years|
|Minimum Age of Maturity||23 years|
|Maximum Age of Maturity||70 years|
|Policy Term||5 years|
Customers should note that all ages mentioned are based on the last birthday of the applicant.
Sum Insured will vary based on the type of plan and benefit option chosen by the individual.
|Premium Payment Frequency||Single/Regular Premium|
|Premium Payment Mode||One Time/Annual|
Premium Amount is inclusive of Swachh Bharat Cess and Service Tax.
Policyholders can choose the Sum Insured based on their needs from the options mentioned above. Sum Insured amount can only be selected during policy commencement and not any other time during policy term. Benefits will paid based on the Sum Insured option chosen. Upon completion of policy term or exhaustion of all benefit payments under the selected plan, whichever is earlier, the policy will terminate. Premiums will have to paid for the benefits only as long as the benefits have not been used up.
Customers should note that premiums vary based on age, location, plan term and other factors.
The Easy Health Plan by HDFC Life offers individuals the flexibility to choose any 1, 2 or all three benefits from the options provided below -
Additionally, customers can choose between any of the plan options provided below
|Plan Option||Benefits that are covered|
|A||Daily Hospital Cash Benefit|
|C||Critical Illness Benefit|
|D||Daily Hospital Cash Benefit along with Surgical Benefit|
|E||Surgical Benefit along with Critical Illness Benefit|
|F||Daily Hospital Cash Benefit along with Critical Illness Benefit|
|G||Daily Hospital Cash Benefit along with Surgical Benefit and Critical Illness Benefit|
There are no add-on plans or riders available under the HDFC Life Easy Health Plan.
Daily Hospital Cash Benefit, Critical Illness Benefit and Surgical Benefits do not apply during the waiting period except in cases wherein the above occurs due to an accident. There are other permanent exclusions as well, these include -
Additionally, Critical Illness Benefit will not be payable for the following -
Other key features include -
|Premium Review||The HDFC Life Easy Health Plan is a health insurance product that provides fixed benefit. In case premium has been modified, the policyholder will be notified of the change 3 months prior to change and a period of 30 days from date of premium due will be given in order to continue policy. In case due premium has not been paid within this period, policy will lapse.|
|Grace Period||Premiums will have to be paid on or prior to premium due date and in case they miss paying their premium before due date, a 30 day grace period will be provided within which the premium can be paid.|
|Lapsation||In case regular premium has not been prior to expiry of grace period, policy will lapse and all benefits under the policy will cease.|
|Revival||In case policy has lapsed, policyholder can send a request to HDFC Life to revive the policy within a period of 2 continuous years from date of first unpaid premium. All premium will have to be paid along with interest applicable, which is currently 10.5% per annum. Satisfactory evidence of good health is required. If policy has been revived within a period of 60 days, only remaining part of waiting periods will apply and in case policy is revived after 60 days, waiting period will be reapplied.|
|Cancellation||In case policyholders do not agree with the terms and conditions or are not satisfied with the same, the policy can be returned with valid reasons within 15 days from date of receipt of policy documents.|
Customers would be eligible for tax benefits under Section 80D of the Income Tax Act of 1961. The most deduction that can be claimed is Rs.55,000 currently and this is inclusive of additional deduction of Rs.30,000 in case of insurance on the health of parents who are senior citizens. The tax benefits mentioned above are subject to changes in tax laws and hence policyholders are advised to consult their tax advisors regarding the same.
HDFC Life is one of the foremost insurance providers in the country. Customers can choose between a variety of products based on their necessities.
|Online Applications||HDFC Life Easy Health Plan can be availed online by logging in to the HDFC Life website. This method is convenient for those who are unable to visit one of the HDFC branches to purchase the plan or stay in far-off places.|
|Customer Care||In case individuals have any queries, they can contact the customer care centre. They can contact the customer service department via SMS,email, toll free number, letter, etc.|
|Calculator||Before purchasing the HDFC Life Easy Health Plan, customers can identify their insurance needs on the basis of income, liabilities and expenses by using the HLV or Human Life Value Calculator, available on the HDFC Life website. Similarly, customers can also use the tax calculator by HDFC Life and find the amount of tax that they’ll have to pay.|
HDFC Life is one of the foremost providers of life insurance policies within the country. Through this provider, customers can avail insurance plans that come with a number of unique benefits and services. HDFC Life has a network of about 39 offices that are spread across 9,000 touch points in India for easy access. HDFC Life also has one of the highest Claims Track Record in the company with 95% of claims being honoured. This company has a fantastic financial consultancy wing in India and abroad while providing some of the most successful insurance plans for a wide variety of clientele. Cutting edge technology is employed by HDFC Life resulting in the company having one of the best claim settlement records in the company as compared to certain other insurance providers.
A. Customers can find out the status of their policy application by either calling HDFC Life on the toll free customer care number or by sending them an e-mail.
A. Yes, service taxes and charge will be applicable while purchasing this plan.
A. Claims will have to submitted along with the documents mentioned below (originals)-
Additional documents may be required and claim should be intimated to HDFC Life along with documents within a period of 60 days from date of diagnosis of the condition.
A. The member of the policyholder of a life insurance will be able to nominate an individual or individuals who will receive the death benefit.
A. Loan is not available under the HDFC Life Easy Health Plan.
A. Customers do not have the option to switch between plan options and Sum Insured during the tenure of the policy.
|One Year Waiting List||Two Year Waiting List|
|Hernia (Ventral/Inguinal/Umbilical/Incisional)||Menstrual irregularities|
|Hydrocoele/Spermatocele/Varicocele||Hysterectomy or Myomectomy for benign conditions|
|Piles/Fistula/Fissure/Rectal prolapse||Deviated Nasal Septum/Sinusitis|
|Benign Enlargement of Prostrate||Thyroid Nodule/Multinodular Goitre|
|Degenerative joint conditions||Cholecystitis or stones of the gall bladder/pancreatic system|
|Lumps/cysts/nodules/polyps||Stones of the urinary tract|
|Treatment of prolapsed inter vertebral disc|
|Diabetes and it’s complications|
A. Assignment will be subject to Section 38 of the Insurance Act of 1938, and as amended from time to time.
A. The direct taxes, if applicable will be deducted at the applicable rate from payments made under the policy, as determined by provisions of the Income Tax Act of 1961. Indirect taxes applicable are Service Tax, Swachh Bharat Cess.
A. Yes, Mitral Valve Repair surgery is covered under this policy.
A. Yes, Total Glossectomy is covered under this policy.
A. Yes, Partial Resection of Liver is covered under the HDFC Life Easy Health Plan.
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