HDFC Life Health Assure Plan

HDFC Life Health Assure Plan

Features:

• Health Plan with unique benefit of 3 years premium guarantee i.e no change despite claims in any given year.
• Life long renew-ability without fresh medical declaration at each renewal if no policy alternation.
• Multiplier benefit where cover increases by 50% in year if there is no claim. Doubles the cover in 2 years!
• Provides option to restore 100% of your Sum Insured in case the benefit is exhausted in a policy year.
• Offers more flexibility while selecting room, as there is no sub-limit on room rent.

Benefits:

• Covers parents and parents-in-law in family floater.
• Cashless Claim Service at specified network hospitals across India.
• Comprehensive Mediclaim plan including Hospital Cash*, Wellness* and Maternity Benefit - all in one plan!
• Wellness Benefit for Gold Plan option - get Health Check up vouchers in 2nd policy year of every 3 year term.
• Simplified underwriting with short medical questionnaire.

Features and Benefits of HDFC Life Health Assure Plan:

Choice of plan option 

• You can select either Silver Plan Option or Gold Plan Option. Your sum insured will be as per the plan option.

Choice of plan type 

• You can choose either Individual or Family Floater.

Family Floater 

• You may cover your spouse, children, both parents and parents-in-law.
• Premium Guarantee for 3 years even if you make a claim.

Guaranteed Lifetime Renewability 

• If you pay the premiums in time and the policy continues without any break in cover, then the plan offers guaranteed renew-ability for lifetime. See the product brochure for details.

Benefits include the following as per the plan option selected

• In-patient hospitalization benefit
• Day care benefit
• Pre and post hospitalization benefit
• Emergency ambulance benefit
• Donor expense benefit
• Maternity benefit
• Hospital cash benefit

Optional Benefit:

• Restore Benefit
• Room Rent Enhancement

The plan provide you an option to choose from our 2 more optional benefit:

Restore Benefit:

Restores the original sum Insured if the due to claims made benefits (sum Insured & multiplier benefit if any) are exhausted in a policy year. This is an optional benefit and can be opted at inception by paying extra premiums. See the product brochure for details.

Room Rent Enhancement:

Option to eliminate the sub-limits of 1% on room rent as long as standard private room is selected and provides you with more flexibility to choose room. This is an optional benefit and can be opted at inception by paying extra premiums. See the product brochure for details.

• Cashless Claim Service at specified network hospitals across India
• Hassle free Claim Reimbursement Process

Wellness benefit for Gold Plan Option - get health check up vouchers

Multiplier Benefit:

• Annual limit increases by 50% of sum insured after one claim free year and 100% after 2 consecutive claim free years
• No extra premium for increased cover due to multiplier benefit

Premium Guarantee:

• Premium guaranteed for 3 years policy term, during which no change in premium due to increase in age of live insured and even in case of claims
• Premium reviewed at the end of policy term and new premium based on the attained age of lives insured and the then prevailing premium rate table

Renewability for Lifetime:

• Assurance that the cover will not stop in old age
• No need of fresh medical underwriting at each renewal if policy is continued without break

Coverage for all your loved ones:

• Cover your spouse, children, both parents and parents-in-law with family floater plan type

Comprehensive Coverage:

• Inpatient hospitalization benefit
• Day care benefit
• Pre and post hospitalization benefit
• Donor expense benefit
• Emergency ambulance benefit
• Hospital cash benefit (Gold Plan Only)
• Wellness benefit (Gold Plan Only)
• Maternity benefit (Family Floater Gold Plan Only)

Notes: There is no benefit on maturity. This product does not offer any benefit on death. Subject to continuity of policy with no break in cover, at the then prevailing premium rates and the then prevailing product terms and conditions.

Also see HDFC Life Click2Protect Plus Plan

Eligibility:

Plan Type-Individual
Plan Option-Silver sum Insured	3 lacs
Gold sum Insured	5 lacs
Plan Type-Family Floater
Plan Option-Silver sum Insured	3-5 lacs
Gold sum Insured	7-10 lacs

You have Flexibility to customize a plan as per your and your family's needs

Plan Details:

Age and policy term limits for HDFC Life Health Assure Plan Are as Follows:

Minimum entry age for Adults and Policy holder	18 years
Minimum entry age for Dependent Children	91 days
Maximum entry age for both	70 years
Policy Term	Whole Life
Premium frequency	Annual

Age has to be taken as of "last birthday" basis

Commission for Life Insurance:

As per RBI circular: RBI/2009-10/225 dated November 16, 2009, following are the details of the comparative commission earned by HDFC Bank from Insurance (Life), whose products are being distributed:

Commission, Brokerage and trail from Life Insurance:

Category	First Year Commission		2nd year Renewal commission
	Min	Max	Min	Max
Health	2%	25%	0%	7.50%
Pension	2%	7.50%	0%	2%
Protection	2%	35%	0%	0%
Savings & Investment	0%	35%	0%	3%
Group Product*	2%	2%	0%	0%

Note: The commission varies depending upon the Product in each category, tenure, amount of premium and premium paying term.

For Group Products commission payable is 2% of the premium with a ceiling on the maximum payout as defined by Insurance Regulatory and Development Authority of India (IRDAI) from time to time.

Source : insurancboom.com