HDFC BANK - Insurance Insights - page 16

INSURANCE INSIGHTS | JULY 2017 30 31
JULY 2017 | INSURANCE INSIGHTS
Insurer's Name HDFC ERGO GIC LTD Bharti AXA GIC LTD
Plan Name Critical Illness Silver Critical Illness Platinum Smart Health Critical Illness
Policy
Entry Age (Min/Max) 5/65 years 5/65 years 91 days/65 years
Sum Insured Options R2.5 Lakh to R10 Lakh R5 Lakh, R7.5 Lakh,
R10 Lakh
R2 Lakh, R3 Lakh, R5 Lakh
List of diseases 8 Critical Illnesses 15 Critical Illnesses 20 Critical Illnesses
Survival Period (Applicable
for)
30 days 30 days 30 days
Initial Waiting Period 90 days 90 days 60 days
Policy Period 1 year, 2 years 1 year, 2 years 1 year, 2 years, 3 years
CRITICAL ILLNESS INSURANCE
HOME INSURANCE
Insurer's Name HDFC ERGO GIC LTD Bharti AXA GIC LTD
Plan Name Home Insurance Smart Plan Householder's Package
Policy
Sum Insured Range No limit. (Building Sum Insured for this
benefit is calculated as cost of
construction * floor area.)
R2 Lakh to R5 Cr.
Cover for structure Available Available
Cover for content Available Available
Cover for jewellery Available Available
Basis of settlement Sum insured for personal effects like
clothing, footwear etc is calculated on
market value. Sum insured for contents
like furniture, electrical appliances, jewel-
lery/valuables and specified items is
calculated on reinstatement value.
Market Value or Reinstatement Value as
per Insured's choice
Provision for increase in Sum Insured/
Escalation Clause
Available Not available
Cover for pets Not Available Available
Discount for security features Available Available
Policy Period Maximum Up to 5 Years 1 year
Terrorism Cover Available Available
FIRE INSURANCE
Insurer's Name HDFC ERGO GIC LTD Bharti AXA GIC LTD
Plan Name Standard Fire and Special Peril Standard Fire And Special Perils Insur-
ance Policy
Sum Insured Range under the plan No limit. (Building Sum Insured for this
benefit is calculated as cost of
construction * floor area.)
Up to R20 Cr.
Cover for structure Available Available
Cover for content Available Available
Basis of settlement Sum insured for personal effects like
clothing, footwear etc is calculated on
market value. Sum insured for contents
like furniture, electrical appliances, jew-
ellery/valuables and specified items is
calculated on reinstatement value.
Reinstatement Value basis
Escalation Clause Available Not available
Discount for security features Available Not available
Policy Period Up to 15 Years - only for dwellings and
for other risk up to 1 year
Up to 20 years
Surveyor and Consulting fee Available Available
Debris Removal Fee Available Available
Loss of Rent Available for 1 year policy only Available
Leakage and Contamination Cover Available for 1 year policy only Not available
Alternate Accommodation Cover Available for 1 year policy only Available
Insurer's Name HDFC ERGO GIC LTD Bharti AXA GIC LTD
Plan Name Student Travel Insurance Individual Travel Insurance
Policy/ Family Travel Insur-
ance Policy
SmartTraveller Insur-
ance Policy (Student)
SmartTraveller
Insurance Policy
(Individuals and
Families+ Annual
Multi trip)
Entry Age (Min/Max) 16/35 years 6 months/70 years
18/70 years (for Annual
Multi trip)
3 months/60 years (for
Family)
16/40 years 3 months/85 years
24 X 7 Assistance Available Available Available Available
Worldwide cover Available Available Available Available
Sum Insured (in
USD)
USD 50,000, USD
100,000 USD 250,000,
USD 500,000
USD 30,000, USD 50,000,
USD 100,000, USD
200,000, USD 500,000
USD 100,000 to
USD 500,000
USD 50,000 to
USD 500,000
Emergency Medical
expenses
Available Available Available Available
Personal Accident Available Available Available Available
Flight delay Not available Available Not Available Available
Policy Period 30 days to 2 years 1 day to 365 days 30 days to 2 years 2 days to 356 days
TRAVEL INSURANCE