HDFC Ergo General Insurance has launched Optima Lite, a more affordable health insurance plan with a base sum insured of Rs 5 and Rs 7.5 lakh. This new product is a variant of their flagship my:Optima Secure health insurance plan and offers a range of benefits including organ donor expenses, home hospitalization, and emergency ambulance services. Additionally, it includes unlimited restorations of the base sum insured during the policy year.
Along with Optima Lite, HDFC Ergo has introduced three new add-ons, including Limitless, ABCD Chronic Care, and Parenthood, which provide coverage for various health conditions and expenses. These add-ons will be available to customers starting February 2025. The company has also launched a Post-Hospitalization Cashless Claims feature, which allows customers to receive cashless delivery of prescribed medications after hospitalization through their Here app.
Optima Lite offers key benefits such as unlimited restoration of the sum insured, up to 100% increase in sum insured over time, pre-and post-hospitalization coverage, and daily cash for shared room expenses. 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. The company has a strong digital presence, with 94% of its 12 million policies issued digitally and 75% of customer requests serviced digitally. HDFC Ergo has a high claims payout ratio, with 95% of claims settled in FY24. The company’s move to introduce Optima Lite and new add-ons demonstrates its commitment to making health insurance more accessible and convenient for Indian citizens.