What is claim protector?
A. Claim Protector. If a claim has been accepted under the Base plan, then the items which are not payable under the Base Plan as per the. List of Excluded items released by IRDA related to the particular claim will become payable.
What is daily cash rider in HDFC Ergo?
Inpatient Benefit- We will pay Daily Cash amount for maximum 30 days per Policy Year for each continuous and completed period of 24 hours the Insured Person is Hospitalised; ii.
What is protection rider?
The Sum Insured protector is designed to protect Your Sum Insured against rising inflation by linking the Basic Sum Insured under the Base Plan to the Consumer Price index (CPI). The Basic Sum Insured will be increased on cumulative basis at each renewal on the basis of inflation rate in previous year.
What is ASI protector?
ASI Protector: ASI accrued by the customer shall not be impacted if any one claim or multiple claims admissible in the previous year does not exceed the overall amount of `50,000. This benefit is available for Sum Insured of 5 Lakhs and above.
What is hospital cash in HDFC Ergo?
Link your policy and track your claim This plan of HDFC ERGO pays to the insured a daily cash amount for each continuous and completed period of 24 hours hospitalization in Ward and twice the daily cash amount for each continuous and completed period of 24 hours that the insured person spends in an intensive care unit.
What is Hospital cash insurance?
What is Hospital Cash Insurance? Hospital Cash Insurance is simply an insurance policy that provides a fixed sum insured for each day of hospitalization of more than 24-hours. It is a fixed daily allowance that is paid to the policyholder to meet miscellaneous expenses during the period of hospitalization.
What is a rider charge?
Riders are optional and generally are paid for by an automatic shifting of funds from principal into the rider account every year. The charge is typically about 1\% annually. Some fixed index annuities have zero annual fees for the rider. Some variable annuities have income rider fees as high as 1.5\%.
What is payor rider?
The payor rider provides an additional safeguard for life insurance taken out on a minor. If the adult premium payor dies or becomes totally disabled, premium payments will be waived until the child reaches a specific age of adulthood, such as 21.