Frequently Asked Questions about HDFC Ergo General Insurance

Financial stability during an emergency or a crisis is a blessing. An insurance is a contract which provides financial stability when you need it the most. You might think that you can use your savings in case of a mishap and cover the expenses. However, people tend to forget that you cannot predict the magnitude of the expenses in these situations. Therefore, if you invest in a good insurance policy such as HDFC Ergo General Insurance beforehand, the expenses will be covered by the insurance company in the time of need.

These days, you need not wait in long queues or contact multiple insurance companies to get information about their products. You can easily find all the necessary information online. One of the ideal practices is to compare various insurance policies online before purchasing the best one. 

You can compare various insurance policies and purchase the one that suits all your requirements on Coverfox.com. Instead of following lengthy conventional procedures, you can quickly complete the formalities online in a few simple steps.

Benefits of HDFC Ergo General Insurance Plans

HDFC ERGO General Insurance Company Limited began its operations back in 2002 and is a collaboration between HDFC Ltd. and ERGO International AG. They offer multiple products such as car insurance, two wheeler insurance, travel insurance, health insurance, personal accident insurance, home insurance, commercial insurance, and PMFBY insurance. The main benefits of their most popular products are:

a) Car insurance

HDFC Ergo has over 75 lakh customers in India who are delighted with their service. If you opt for the car insurance under HDFC Ergo General Insurance this year, you will get the following benefits:

· Discount if you are in the age group of 36 to 60 years.

· 24/7 customer support.

· Access to a network of 5300+ garages across India.

· Zero documentation procedure.

· Personal Accident cover.

· Various beneficial add-ons.

· Consumables cover.

· Third party liability coverage of INR 1 lakh.

b) Health insurance

If you are looking for a health insurance under HDFC Ergo General Insurance in 2018, you are entitled to the following benefits:

· Various options for the basic insured sum.

· All equipment charges, room rent, and miscellaneous hospital expenses will be covered.

· Pre-hospitalisation expenses up to 60 days before the hospitalisation and post-hospitalisation charges till up to 30 days after the hospitalisation is included.

· Ambulance charges in case of an emergency.

· Reimbursement of charges for ayurvedic, unani, homeo type of treatments.

· Family floater plan to get the members of your family insured. 

Compare HDFC Ergo General Insurance Plans

There are various insurance companies offering general insurance policies. In order to get the best deal, you need to make a thorough comparison of these insurance policies. A quick checklist you can use while comparing HDFC Ergo General Insurance in India are:

a) Inclusions

You might assume that a particular aspect is automatically covered by an insurance company. This may not be the case in many situations. Hence, check the entire inclusion criteria to ensure your requirements are fulfilled.

b) Unnecessary Add-ons

An unnecessary add-on can increase your insurance premium without providing additional value. A prime example of this point is the personal accident cover included in most vehicle insurance policies. If you already have a health insurance, you can opt out of the personal accident cover and pay a lower insurance premium.

c) 24/7 support

You never know when a mishap might occur. In today’s digital age, it is necessary to provide 24/7 assistance. This feature has multiple benefits:

i) The hospital can provide cashless treatment immediately in case of an emergency.

ii) The insurance company can direct you to the nearest garage within its network for quicker service.

iii) The formalities to begin the settlement process can begin immediately.

d) Incurred Claim ratio

The incurred claim ratio is a vital factor that shouldn’t be overlooked. If this ratio is high, it means that the insurance company has a quick settlement procedure and you won’t have to wait for a long time to receive your settlement.

A Timely Investment

Mishaps don’t occur with prior warning. You could be minding your own business complying with all the traffic rules and yet meet with an accident or one of your family members might suffer from an acute illness and require immediate medical assistance or you could incur certain emergency expenses during a foreign trip. 

Because situations such as these are unpredictable, you should be prepared for the concomitant financial burden with an HDFC Ergo General Insurance.