HDFC ERGO General Insurance Company Limited has been established as a joint venture between two leading entities – HDFC Limited and ERGO International AG. While HDFC is the leading housing finance company in India, ERGO International AG is the main insurance company of the Munich Re Group. HDFC ERGO, therefore, is the combination of two leading financial services company and is a leading general insurance provider in India.
HDFC ERGO offers a range of general insurance policies for retail as well as corporate clients. In its health insurance category, the company offers different types of health insurance plans for individuals, families, senior citizens and even women. The plans have good coverage benefits and affordable premium rates. Moreover, HDFC ERGO allows you to calculate the premium rates before you actually buy the plan. Let’s have a look at how –
How to calculate the premium of HDFC ERGO health insurance policies online?
Thanks to the availability of HDFC ERGO health insurance premium calculator, you can calculate the premiums online in some simple steps. Here’s how –
Thus, by using HDFC ERGO health insurance premium calculator, you would be able to calculate your health insurance premium easily.
Factors affecting HDFC ERGO health insurance premiums
The premium of your HDFC ERGO health insurance policy depends on various factors and all the factors are taken into consideration when you buy a policy. These factors and their effect on your health insurance premium is discussed below –
Your age determines your health risks. The older you are the higher are the chances of illnesses and ailments and so health insurance premiums depend on your age. Premiums keep increasing with age and the older you are the higher would be the premium payable.
If you are opting for a family floater health insurance plan, the number of members being covered would affect the premium. The premium would increase with the addition of each family member. Moreover, the member’s age would also determine the premium payable under the policy.
The level of coverage that you choose would also determine the premium amount. The higher the sum insured that you choose the higher would be the premium rate of the policy.
The type of health insurance policy that you buy would also determine the premium. The more comprehensive the coverage benefits the higher would be the premium.
There are different types of riders offered by HDFC ERGO health insurance policies. If you choose the riders, the premium would go up. Every rider has an additional premium and for every rider that you choose, you would have to pay an additional premium.
Premium rates vary across metropolitan and non-metropolitan cities. Since metropolitan cities have a higher rate of medical treatment than non-metropolitan cities. As such, premiums for metropolitan cities are higher than the premium for non-metropolitan cities.
HDFC ERGO health insurance plans give premium discounts and if the discount is available, you can avail the discount and reduce the premium of the policy.
Taking all these factors into consideration the premium for HDFC ERGO health insurance policies are calculated.
HDFC ERGO health insurance premium chart
Here are the expected premiums that payable for different types of HDFC ERGO health insurance policies for the given details –
Name of the plan |
Type of plan |
Premium rate |
my: health Suraksha Silver Smart |
Indemnity health plan |
INR 7410 |
my: health Suraksha Gold Smart |
Indemnity health plan |
INR 9537 (Sum insured INR 10 lakhs) |
my: health Suraksha Platinum Smart |
Indemnity health plan |
INR 13,847 (Sum insured INR 20 lakhs) |
my: health Medisure Super Top-up |
Super top-up plan |
INR 770 (Deductible INR 5 lakhs) |
Corona Kavach Policy |
COVID specific indemnity health plan |
INR 619 (Coverage period 9.5 months) |
Women Cancer Plus Plan |
Cancer-specific fixed benefit health plan for women only |
INR 1110 |
Women CI Essential Plan |
Critical illness health plan for women only |
INR 1705 |
Women CI Comprehensive Plan |
Critical illness health plan for women only |
INR 2395 |
Critical Illness Insurance Plan |
Critical illness health insurance plan |
Silver plan – INR 1500 Platinum plan – INR 2000 |
Advantages of using HDFC ERGO health insurance premium calculator
The premium of HDFC ERGO health insurance plans depends on a lot of factors as mentioned earlier. So, the premium differs across different proposals. When you buy health insurance using the HDFC ERGO health insurance premium calculator is beneficial for the following reasons –
So, always use the HDFC ERGO health insurance premium calculator when buying health insurance plans offered by the company to enjoy these benefits.
Why choose HDFC ERGO health insurance plans?
HDFC ERGO is one of the leading health insurance providers in India. You should choose HDFC ERGO health insurance plans because of the following reasons –
So, invest in HDFC ERGO health insurance plans for complete coverage and use the HDFC ERGO health insurance premium calculator to know your premiums in advance.
Yes, on renewal of the policy, the premium would change because the age of the insured members has increased. Moreover, if you make any other changes at the time of renewals, the health insurance premium would be affected.
The premium of different health plans offered by different companies is different. So, when you port a different premium would be charged by HDFC ERGO compared to the premium charged by your existing insurance company. This premium can be higher or lower than your existing premium depending on HDFC ERGO’s pricing policies.
Tax benefit on health insurance premiums is available under Section 80D of the Income Tax Act, 1961. You can claim a deduction on a maximum premium of INR 25,000 paid for yourself and your family. If you are aged 60 years and above, the deduction limit increases to INR 50, 000. If you buy a separate health plan for your dependent parents, you can claim an additional deduction of INR 25, 000 which would increase to INR 50, 000 if your parents are 60 years or above.
A long term health plan is one which allows coverage for a continuous period of 2 or 3 years. HDFC ERGO offers such long term health plans wherein you should pay the two or three-year premium at once.
You can claim a premium discount for buying a long term health plan, for buying online and for covering two or more family members under individual sum insured plans. Moreover, there are wellness related discounts too which are offered on renewals.