What is a Fixed Benefit Health Insurance Plan?

What is a Fixed Benefit Health Insurance Plan?
Fixed benefit health insurance is a health insurance plan in which the sum insured amount to be paid out is fixed. Under a fixed benefit health insurance plan, a lump sum amount is paid to the insured individual, despite the actual or intended medical expenses incurred during the hospitalization.

Why you need a Fixed Benefit Health Insurance plan?
For a 360-degree cover, it is necessary to further insure oneself with Defined Benefit Plans, a type of health insurance cover designed to provide financial safety against critical illnesses. At HDFC ERGO, we offer Critical Illness Insurance works exactly the same way and covers 15+ critical illnesses.
• Upto 15 Critical Illnessess covered
• Lump Sum payment in a single transaction
• 2 Plans available
• Option to buy for 1 & 2 Years

Best Fixed Benefit Health Insurance plan –
iCan Cancer Insurance: The plan covers medical expenses incurred due to cancer on an indemnity basis. This means that the actual cost of treatments and hospitalisation is covered under the plan. The plan comes in two variants of Essential and Enhance. Enhance variant has two additional coverage options wherein a lump sum portion of the sum insured is paid in case the insured is diagnosed with cancer.

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