ICICI Lombard vs HDFC ERGO (A Comparison)

When it comes to safe guarding your health, choosing the right insurance provider can seem like a daunting task. Two of the most renowned names are ICICI Lombard and HDFC ERGO. Both the companies offer a wide range of health insurance policies that cater to different health care needs of individuals. But how are their plans different from each other?

In this article, we will compare some key features of ICICI Lombard and HDFC ERGO. We will also compare two of their most popular plans for your better understanding.

Firstly let us look at some key features of both the health insurance providers

Difference between ICICI Lombard vs HDFC ERGO Family Health Insurance Plans

Now, let us highlight the key differences between the family health plans offered by both the companies, to give you a fair understanding.

From the perspective of a health insurance buyer, there are several key differences between the family floater plans offered by the two respective companies. As per our conclusion, we are highlighting some key differences:

• Both plans offer lifelong renewability, ensuring that the policy can be renewed for the insured person’s entire lifetime. They also have similar benefits such as coverage for hospitalization, restore benefit, room limit, pre and post-hospitalization and so on.
• A significant difference is in the coverage of maternity expenses. ICICI Lombard Health AdvantEdge includes coverage for maternity expenses, which can be beneficial for couples planning to start a family. In contrast, HDFC ERGO Optima Restore Family Plan excludes maternity expenses from its coverage. Therefore, if maternity coverage is a priority, ICICI Lombard’s plan would be more suitable.
• Another major difference between both plans is the sum insured limit. HDFC ERGO Optima Restore offers a vast range of sum insured choices ranging from 3 Lacs up to 50 Lacs. While ICICI Lombard offers a limited range of sum insured options, only between 2 Lac and 3 lacs. Keeping in mind the rising costs of medical inflation, this might pose a challenge for persons who wish to provide adequate coverage for their family members.

From coverage point of view, HDFC ERGO Optima Restore Family provides a broader range of options, allowing you better coverage to meet your family’s healthcare needs.

ICICI Lombard Critical Illness Cover vs. HDFC ERGO Critical Illness Insurance

While both plans are pretty much similar, ICICI Lombard Critical Illness Cover focuses on a narrower range of nine specific illnesses, while HDFC ERGO Critical Illness Insurance provides coverage for fifteen life-threatening illnesses.

Hence, you must consider the health care needs of yourself and your family members and also check out the specified illnesses covered by each plan to make an informed decision.