CHENNAI: HDFC Standard Life on Friday launched its second health insurance product - 'SurgiCare', aimed at providing timely financial (fixed lump
sum) support to policy holders in case of medical surgeries.'
The policy covers an individual against 82 surgical procedures and includes an assured lump sum benefit, irrespective of actual medical cost incurred, HDFC Standard Life, Health Business Senior Vice President Fredrick D'Souza told reporters here.
The policy comes with a hospitalisation cash benefit option, providing additional financial security to the insured during the period of hospitalisation, he added.
He said the initial sum assured chosen by the customer automatically increases by five per cent every policy year. "The five per cent is a simple addition with a maximum increase of upto 50 per cent of the initial sum assured, allowing an individual to successfully cater to increasing medical costs", he said.
He said HDFC SurgiCare offers premium payment options (monthly, half-yearly and annually) and offers a premium discount of 35 per cent to policy holders opting for cover in excess of Rs two lakh.
The policy covers an individual against 82 surgical procedures and includes an assured lump sum benefit, irrespective of actual medical cost incurred, HDFC Standard Life, Health Business Senior Vice President Fredrick D'Souza told reporters here.
The policy comes with a hospitalisation cash benefit option, providing additional financial security to the insured during the period of hospitalisation, he added.
He said the initial sum assured chosen by the customer automatically increases by five per cent every policy year. "The five per cent is a simple addition with a maximum increase of upto 50 per cent of the initial sum assured, allowing an individual to successfully cater to increasing medical costs", he said.
He said HDFC SurgiCare offers premium payment options (monthly, half-yearly and annually) and offers a premium discount of 35 per cent to policy holders opting for cover in excess of Rs two lakh.
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