HDFC Ergo Group Insurance policies


2017-12-14 17:00:00 UTC


hdfc ergo group covers

HDFC ERGO Group Insurance Policies


This post talks about the various group insurance policies, that HDFC ERGO offers. Group policies are taken by companies, to benefit their employees. Depending on the type of policy and company HR guidelines, the cost of the policy may be partially passed on to employees as a component in the CTC.

HDFC Ergo’s Group Accident & Health Insurance helps companies identify and mitigate the risks their employees face. As a company, your employees are your biggest asset and it helps when they know you will take care of them and their families should anything happen to them.

HDFC Ergo offers comprehensive range of group Accident & health insurance products covers every risk – from business travel to group personal accidents. Group Insurance allows you and your employees can feel safe about your healthcare expenses, leading to a better life and better work environment. This post details all the Group Insurance options offered by HDFC Ergo. Perilwise can help you get the best policy suited to your needs, for a query, just click here.

The key products offered under Group Accident & Group Health Insurance in the Indian market are:

Group Travel Insurance Policy

Business travel is an essential part of almost every organisation. Travel has a lot of risks and complications associated with it, and you don’t want these problems affecting important business interactions/meetings.

HDFC ERGO offers a range of business travel policies that cover your people for any Accident, sickness, loss and even medical attention in an emergency that may occur while travelling. The various policies are mentioned below:

  • The International business Travel Policy covers people who are traveling internationally.

  • An annual multi-trip business Travel Policy has also been specifically designed for frequent travellers. The maximum trip duration is normally 30 days but can be extended to 180 days.

  • HDFC ERGO’s Group Travel Insurance offers cover for Accidental deaths and/or permanent disablement and Emergency Medical Expenses.

Add-ons and optional benefits
  • Emergency Medical Expenses: Reimburses the insured for expenses incurred for an Accident or illness while traveling overseas only.

  • Emergency Medical Expenses (Accident only): Reimburses the insured for expenses incurred for an Accident while traveling in India only.

  • Emergency Travel benefits: Includes emergency medical transport, medical/body repatriation, location and transfer of medication and/or medical by-products, emergency travel expenses for a family member and an insured person’s child, or a replacement colleague.

  • Baggage delay: Provides an amount for emergency purchases

  • Baggage Loss: Pays for replacement of lost baggage, personal documents or personal effects

  • Flight delay: Pays a benefit for each hour that the insured’s flight is delayed

  • Hijacking: Pays a benefit for every 6 hours the insured is held on a hijacked common carrier

  • Trip Cancellation: Pays travel and/or accommodation expenses if the insured’s trip is cancelled

  • Trip Interruption: Pays travel and/or accommodation expenses if the insured’s trip is interrupted

  • Frequent flyer interruption

    • Emergency Travel: Pays for the costs of a first class train fare or economy class air fare to return home, upon interruption of travel arrangements made with a recognised Frequent Flyer programme

    • Contingency Travel Benefit: Pays for reimbursement of coffin expenses, legal assistance following an automobile Accident, emergency hotel accommodation and/or emergency hotel extension on occurrence of a contingency covered in the policy

    • Assistance provider Services: Helps with emergency medical transport or repatriation, related services, as well as advice on pre-departure information such as visa requirements.

Group Medical Insurance Policy

Healthcare is an important part of our lives, and a crucial component to happy lives, high standard of living. As a company, your employees are a key resource, and it is often important to provide them health insurance. Group Health Insurance is also a perk that makes your company attractive to employees as a place to work. With the Group Mediclaim Policy(aka Group Health Cover or Employee Group Insurance cover), you can provide your employees/members the optimum cover they require.

HDFC Ergo’s group health insurance plan provides cover to all the members in a single policy.

There are several advantages over Buying an individual policy, which are:

  • Lower Premium Costs

  • Customized Policy

  • Cover for all members

  • Cashless Claims across Network Hospitals

  • Provides Incentive for having affiliation with the group

  • Cover From day One of member joining the group.

It is no secret that members/employees value health insurance benefits. Whether you are an organization or a small group, you could attract and retain the best talent in the industry by providing comprehensive health insurance benefits.

Benefits of Group Health

Your policy can be tailor made to suit the requirement of your group. Listed below are the various covers that are generally available:-

  • Hospitalization expenses due to Sickness or Accidents

  • Room, boarding Expenses as provided by the Hospital / Nursing Home;

  • Nursing Expenses;

  • Surgeon, Anaesthetist, Medical Practitioner, Consultants, Specialist Fees;

  • Anaesthesia, Blood transfusion, Oxygen, Operation theatre Charges, Surgical Appliances, Medicines and drugs, diagnostic Materials and X-Ray, Dialysis, Chemotherapy

  • Pre-Hospitalization Expenses

  • Post Hospitalization Expenses

  • Domiciliary Hospitalization Expenses

  • Day Care Treatments

Add-ons
  • Maternity benefit

  • Inclusion of Pre-Existing disease

  • Reimbursement of Cost of Health Check Up

  • Family Floater to covers member’s immediate family viz. Spouse, dependent Children, dependent Parents etc.

  • Dental Treatment

  • Cost of Spectacles, contact lenses

  • Waiver of waiting period

  • Waiver of First Year Exclusions

  • Reimbursement of ambulance Costs

Exclusions

Mentioned below are some standard exclusions:

  • Self-inflicted injury

  • Participation in a criminal act

  • Participation in a hazardous sport

  • Intoxication

  • AIDS/HIV

  • Terrorism

  • War or War like scenarios

  • Please read your policy contract for a full list of exclusions, terms and conditions. A Perilwise representative will explain the exclusions to you when you are deciding plans.

Group Personal Accident Insurance Policy

In an increasingly competitive business scenario, every organisation has to prepare for the unexpected. It applies not just to the area you operate in, but also to your employees. After all, non one can afford to lose people, whether to illness, accidents or demotivation.

HDFC ERGO’s Personal Accident Policies are designed to empower your Organisation with a choice of comprehensive insurance plans that provide powerful incentives for you and peace of mind for your people. With HDFC ERGO Group Personal Accident Insurance Policy, you can choose the benefits you want for each class of employee which can either be a flat amount or a multiple of the employee’s salary. The policy covers:

  • Accidental death - Covers the insured in case of loss of life in an Accident

  • Permanent disablement - Pays a benefit if the insured is permanently disabled in an Accident.

Add-ons
  • Hospital Cash: Pays a daily benefit if the insured needs hospitalisation as an in-patient following an Accident.

  • Medical Insurance Premium indemnity: Pays medical insurance premiums for the surviving spouse and dependent child, in case of Accidental death of the insured covered under the policy.

  • Reconstructive Surgery: Pays the costs of reconstructive surgery following an Accident.

  • Temporary Total disablement: Pays a weekly benefit if an Accident causes disablement that prevents the insured person from engaging in or giving attention to his/her usual occupation

  • Mobility Extension: Pays 95% of costs of a wheel chair, vehicle and/or lifts or ramps needed by an insured who is permanently disabled in an Accident

  • Ambulance Cost: In case of bodily injury suffered by the Insured then the Company agrees to pay the actual ground ambulance costs incurred by the Insured.

  • Last Rites Cost: If death results due to bodily injury or sickness of the insured person, the Company agrees to pay to the Insured Person’s beneficiary or legal representative the Compensation towards the cost of the last rites of the Insured Person.

  • In-hospital Medical Expenses: Pays a reimbursement for medical expenses incurred if the insured requires hospitalisation as an in-patient due to an Accident.

  • Emergency Medical Expenses (Accident only): reimburses the costs of medical expenses incurred by an insured person within 12 months of the date of loss resulting from an Accident

  • Dependent Child(ren) Education: Pays the education fees for the insured person’s dependent child(ren) if an Accident causes the insured’s death within 12 months of the date of loss

Please note that all benefits are Subject to a maximum amount as stated in the policy. In addition, some benefits are Subject to a deductible or a franchise which will be taken into consideration when handling a claim. These will be clearly noted in any quotation released or any policy issued.

Exclusions

Mentioned below are some standard exclusions:

  • Self inflicted injury

  • Participation in a criminal act

  • Participation in a hazardous sport

  • Intoxication

  • AIDS/HIV

  • Terrorism

  • War or Civil War

Please read your policy contract for a full list of exclusions, terms and conditions. A Perilwise representative will explain the exclusions to you while you are viewing quotes.To receive a competitive quote, click here

Recent Articles

  1. Cigna TTK Group Health Insurance
  2. United India Liability Insurance
  3. Bajaj Allianz Group Health Insurance
  4. Group Health Insurance
  5. Directors & Officers Liability Insurance
  6. What is better, agent or broker?
  7. What is the best business insurance?
  8. Tata AIG Package Policies
  9. Tata AIG Liability Insurance Policies
  10. Tata AIG Group Insurance Policies

Categories

  1. business
  2. retail