HDFC Ergo General Insurance has launched Optima Lite, a more affordable version of its popular health insurance plan with a base sum insured of Rs 5 lakh and Rs 7.5 lakh. The new plan is designed to offer affordable health coverage to Indian citizens and includes benefits such as organ donor expenses, home hospitalization, and unlimited restorations of the base sum insured. Optima Lite is a variant of HDFC Ergo’s flagship my:Optima Secure health insurance plan, which is one of India’s most preferred health insurance plans.
In addition to Optima Lite, HDFC Ergo has introduced three new add-ons to complement its existing health insurance plans. These add-ons include Limitless, which offers an unlimited sum insured for a specified number of claims during the policy’s lifetime; ABCD Chronic Care, which provides coverage for chronic conditions like asthma, blood pressure, cholesterol, and diabetes after a 30-day waiting period; and Parenthood, which covers maternity, IVF, and embryo freezing. These add-ons will be available to customers across India starting February 2025.
The company has also launched a Post-Hospitalization Cashless Claims feature across all its health insurance plans, which will allow customers to receive cashless delivery of prescribed medications after hospitalization. This feature aims to improve convenience for customers during recovery.
The key benefits of Optima Lite include unlimited restoration of the sum insured, up to 100% increase in sum insured over time with a 10% bonus each year, pre-and post-hospitalization coverage, daily cash for shared room expenses, preventive health check-ups, and e-opinion for critical illnesses. Premiums can be optimized by up to a 40% discount with aggregate deductible options starting from Rs 10,000.
HDFC Ergo, a subsidiary of HDFC Bank, is one of India’s leading private-sector general insurers, offering a wide range of general insurance products, including health, motor, home, agriculture, travel, and more. The company boasts one of the best claims payout ratios in the industry, with a 95% claims payout ratio in FY24.