HDFC ERGO Optima Cash Insurance Plan

(3 Reviews)
Insurer Highlights

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Get insured from the comfort of your home
Get insured from the comfort of your home
  • 1
  • 2
  • 3
  • 4

Who would you like to insure?

  • Previous step
    By clicking on “Continue”, you agree to our Privacy Policy and Terms of use
    Previous step

      Popular Cities

      Previous step
      Previous step

      Do you have an existing illness or medical history?

      This helps us find plans that cover your condition and avoid claim rejection

      Get updates on WhatsApp

      What is your existing illness?

      Select all that apply

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step
      Advantages of
      entering a valid number
      You save time, money and effort,
      Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium

      HDFC ERGO Optima Cash Insurance Plan

      The Optima Cash Insurance Plan by HDFC ERGO General Insurance Company provides the insured families daily cash benefits in case of a sudden hospitalisation. The insurer will not only provide for the expenses incurred due to hospitalisation but also be helpful in additional expenses like travel and accommodation, healthcare assistance and their daily requirements. The main reason for creating the HDFC ERGO Optima Cash Plan is the absence of the abovementioned benefits, which are usually not covered under regular health plans.

      Read More

      HDFC ERGO Optima Cash Insurance Plan: Key Benefits

      HDFC ERGO Optima Cash Insurance Plan
      Categories Specifications
      Sum Insured Rs. 500 to Rs. 5000
      Policy Tenure 1 year, 2 years
      Network Hospitals 12000+
      Incurred Claim 97.47%
      Pre-Policy Medical Check-up NA
      Pre-Existing Disease Waiting Period 4 years
      Specific Disease Waiting Period 2 years
      Initial Waiting Period 30 Days

      HDFC ERGO Optima Cash: Benefits

      The benefits offered under the HDFC ERGO Optima Cash Insurance Plan are listed below:

      • Childbirth Benefit If the insured or their dependent has a childbirth, they will be paid the entire amount equal to twice the daily cash reserve for maternity. The amount will be accessible after the passing of 2 years and will be paid twice within the lifetime of the insured individual.
      • Tax Benefits Each time the insured pays the premium amount for the HDFC ERGO Optima Cash Insurance Plan, they are eligible for tax benefits under Section 80D of the Income Tax Act.
      • Family Rebates The HDFC ERGO Optima Cash Insurance Plan offers the insured different discount options according to their policy purchase method. For example, if the insured has added two or more members of their family, then the insured will be provided with a 10% discount on the premium.

      HDFC ERGO Optima Cash Insurance Plan Eligibility Criteria

      HDFC ERGO Optima Cash Insurance
      Parameters Eligibility Criteria
      Minimum Entry Age Adult - NA
      Child - 91 Days
      Maximum Entry Age Adult - 65 Years
      Child - 5 Years
      Coverage Type Individual
      Renewability Lifelong

      Inclusions of HDFC ERGO Optima Cash Insurance Plan

      The following are the inclusions of the HDFC ERGO Optima Cash Insurance Plan:

      • Sickness Hospital Cash - The HDFC ERGO Optima Cash Insurance Plan provides the insured with daily cash benefits in case of regular and ICU hospitalisation. The daily cash benefits for both standard and ICU hospitalisation are provided to the insured or their dependents after the completion of 24 hours. The daily cash benefit for the insured admitted into the ICU will be provided for up to 15 days each year the insurance is renewed.
      • Accident Hospital Cash - The insurer ensures that the insured individual is paid daily cash for regular and ICU hospitalisation. The inclusion applies only when the insured or dependents are admitted for 24 hours. As mentioned for the sickness hospital cash inclusion, the insured or their dependents can avail of this for 15 days within the policy year.
      • Day Care Procedure Cash - The insured will be eligible for 50% of the total daily cash amount if they undergo any daycare procedures. It is applicable only if they experience a procedure that does not require a 24-hour hospitalisation. Also, the benefit is payable for a maximum of six days.
      • Joint Hospitalisation - If the insured or any of their dependents are involved in an accident together, they are provided twice the daily cash amount. It is provided for the entire duration of the hospitalisation along with the daily cash amount as specified in the Accident Daily Cash inclusion mentioned above. It is important to note that this benefit is provided for only 10 days within the policy year.
      • Parent Accommodation - The HDFC ERGO Optima Cash Insurance Plan provides daily cash benefits if the insured is a minor below the age of 12 years. It has to be admitted into the hospital for more than 72 hours. This benefit is provided alongside the sickness or accident cash benefit explained earlier. Also, the benefit only applies up to 30 days within the policy duration.
      • Convalescence - The convalescence benefit from HDFC ERGO Optima Cash Insurance policy is provided to the insured only when they are hospitalised for more than 7 days. It can be availed with the sickness/ accident hospital cash benefit explained above. However, the convalescence benefit can be availed only once within the policy year.

      HDFC ERGO Optima Cash: Exclusions

      The following are the exclusions of the HDFC ERGO Optima Cash Insurance policy:

      • Any treatment required due to war, invasion or similar actions.
      • Treatment required due to injury caused by self-injury or hazardous sports.
      • Treatments needed for any form of substance abuse or alcoholism.
      • Weight loss or bariatric surgery procedures.
      • Cosmetic procedures purely for aesthetic purposes.
      • Any general debility or exhaustion.
      • Any form of assisted reproduction.
      • Any Dental treatment or surgery.
      • Unproven treatments.
      • Diagnostic expenses unrelated to the current diagnosis.
      • Expenses related to mandatory bed rest.
      • Congenital diseases or health issues.


      Policybazaar exclusive benefits
      • 30 minutes claim support*(In 120+ cities)
      • Relationship manager For every customer
      • 24*7 claims assistance In 30 mins. guaranteed*
      • Instant policy issuance No medical tests*
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

      Health insurance articles

      Recent Articles
      Popular Articles
      10 Reasons Why Your Health Insurance Claim Can Get Rejected

      01 Dec 2023

      Health insurance plans add a layer of invisible protection against
      Read more
      Knee Replacement Surgery Cost in India

      30 Nov 2023

      Knee pain has become a very common ailment in India, with over 15
      Read more
      Kidney Transplant Cost in India

      30 Nov 2023

      Kidney disease has been growing at an alarming rate in India. As
      Read more
      How Can NRIs Save Taxes on Health Insurance in India?

      24 Nov 2023

      Health insurance is an essential buy for people in India as well
      Read more
      Is LASIK Surgery Covered by HDFC ERGO Health Insurance?

      21 Nov 2023

      The growing dependence on electronic gadgets has impacted
      Read more
      How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal
      Read more
      Best Health Insurance Plans for Senior Citizens in 2023
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance
      Read more
      10 Major Benefits of Ayushman Bharat Yojana
      Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi
      Read more
      Does Health Insurance Provide Coverage for LASIK Eye Surgery?
      A vast majority of the Indian population is suffering from vision problems. For some of them, LASIK eye surgery is
      Read more
      Pre-Existing Disease (PED) Cover from Day One
      Pre-existing diseases (PED) are mostly expensive to treat as they are chronic in nature. Unfortunately, most health
      Read more

      Download the Policybazaar app
      to manage all your insurance needs.