HDFC Chubb General Insurance Company Limited Launches

About us - HDFC Chubb General Insurance

Joint venture with Chubb Corporation, USA - a leading property & casualty insurer with $ 38 Billion in assets; one of the largest Property & Casualty insurance company; the 3rd most respected financial company by the Financial Times

Paid up capital at Rs 120 Crores with HDFC holding 74% & Chubb Corporation the remaining 26%
HDFC & Chubb collectively bring an experience of over a 100 years in the financial sector

Healthwise Hospitalization & Injury

Unique combination of In-hospital medical expenses & Accidental injury benefits (Accidental Death, Permanent Disability & Broken Bones)

Offers 4 options from a minimum coverage of Rs. 2 Lakhs to a maximum of Rs. 4 Lakhs on a Self plan
3 options for a Family plans ranging from Rs 1 Lakh to a maximum of Rs 3 Lakhs (individual coverage amounts Self & Spouse) Pays for hospitalisation due to sickness or accident up to the sum insured selected The cover provided is applicable 24 hours a day, 7 day a week, 365 / 366 days of the year The individual stands protected by this plan in India (Only Sickness) and any other location worldwide (Accidental Death, Permanent Disability & Broken Bones)

Healthwise Hospitalization & Injury

Key benefits of the plan Emergency Medical Expenses (In hospital medical expenses) - Reimburses costs incurred as a result of hospitalization for more than 24 hrs due to Sickness and Accident Hospital Cash - Provides a daily benefit of Rs. 500 up to a maximum of 30 days in case of hospitalization due to an sickness or accident Accidental Death - Covers the insured in case of loss of life in an accident up to 100 % of the Sum Insured

Healthwise Hospitalization & Injury

Key benefits of the plan (contd)
Permanent Disability - Pays a benefit up to the maximum Sum Insured if the insured is permanently disabled due to an accident. Broken Bones - Pays up to the maximum Sum Insured in the event of bodily injury resulting in broken bones due to an accident

Healthwise Benefit details

In hospital medical expenses + Hospital Cash & Accidental Injury

Healthwise Hospitalization & Injury

Emergency Medical Expenses Benefit details

Pays for hospitalisation charges incurred due to an accident or sickness up to the Sum insured e.g. Diagnostics related to hospitalisation Room charges (Semi-private), Surgery, Medication, etc Expenses incurred on pre -existing disease is not covered under this plan Does not pay for cosmetic surgery, dental treatment, spectacles, contact lenses, Sickness related claims shall not be entertained for the first 30 days from the inception of the policy Expenses incurred on disease such as cataract, piles, sinusitis, arthritis, etc is excluded during the first two years of the policy AIDS, Pregnancy, Miscarriage / Abortion is excluded under the policy Alternative therapy Ayurvedic, Homeopathic, etc is not covered under policy

Healthwise Hospitalization & Injury

Premium Table
Self Sum Insured 2 Lakhs 2.5 Lakhs 3 Lakhs 4 Lakhs 18-35 Yrs 36-45 Yrs 4,974 6,962 (4,160) (6,148) 5,831 8,198 (5,016) (7,384) 6,686 9,432 (5,872) (8,619) 8,398 11,902 (7,583) (11,088)

Figures in brackets indicates Tax benefit amounts under Sec 80 D Coverage under Self & Spouse are individual sum insured values under the plan
Self + Spouse

Sum Insured 1 Lakh 2 Lakhs 3 Lakhs

Self 18-35 Yrs & Self 18-35 Yrs & Self 36-45 Yrs & Self 36-45 Yrs & Spouse 18-35 Yrs Spouse 36-45 Yrs Spouse 18-35 Yrs Spouse 36-45 Yrs 5,955 7,100 7,100 8,300 (4,469) (5,609) (5,609) (6,796) 9,110 10,929 10,929 12,863 (7,619) (9,437) (9,437) (11,358) 12,244 14,756 14,756 17,424 (10,754) (13,266) (13,266) (15,919)

Healthwise Hospitalization & Injury

Self Plan -- Benefits Plan Benefits
Sum Insured In Hospital Medical Expenses Hospital Cash Broken Bones Accidental Death Permanent Disability 2 Lakhs 200,000 500/day 100,000 200,000 200,000 2.5 Lakhs 250,000 500/day 100,000 200,000 200,000 3 Lakhs 300,000 500/day 100,000 200,000 200,000 4 Lakhs 400,000 500/day 100,000 200,000 200,000

Self & Spouse Plan -- Benefits & Spouse Plan Benefits

Sum Insured In Hospital Medical Expenses Hospital Cash Broken Bones Accidental Death Permanent Disability 1 Lakh 100,000 500/day 100,000 200,000 200,000 2 Lakhs 200,000 500/day 100,000 200,000 200,000 3 Lakhs 300,000 500/day 100,000 200,000 200,000

10% deductible on In hospital medical expenses & 3 day time deductible for Hospital Cash applicable on all plans

Healthwise Hospitalization & Injury

Policy Features Policy renewal & premium Annual Pay mode - Standing instructions/ Direct debit / Credit Card / Cheque dependent on the channel of distribution 10% discount on premium for Self & Spouse plans

Tax benefit under sec 80 D on the premiums paid for Emergency Medical Expense and Hospital Cash (Amounts to approximately 90% of the premium paid)
Age criteria entry age is between 18 years to 45 years and can be renewed till 65 years Hassle free process No medical test or history required

Why purchase Healthwise ?

Provides the family with additional financial security

Investments need not be broken to meet hospitalization expenses

Extends coverage for accidental injury too besides treatment of such injuries if admitted to hospital for over 24 hours No medical test required - Pre-approved product No documentation required Broken Bones benefit given over and above the Hospitalization benefit Tax benefits under Section 80 D for the Emergency Medical Expense and Hospital cash Its an inexpensive option to secure oneself and immediate family

Why have the Hospitalisation benefit ?

Some Facts

30 % of the hospitalisation expenses are managed through borrowings and asset sale
Declining trend in personal savings and increasing life-style related diseases / sickness A large percentage of the upper income would utilise their past saving to cover health related expenses

Only 6% have the company/ insurance cover

Source Cehat India Internet

Why the Personal Accident benefit?

Dont need it - very few people die of an accident
Accidents do happen! In India there is an accidental death every 2 minutes, resulting in over 2.15 Lakh families losing an earning member and less than 6000 die due to a heart attack More than 80,000 people are killed on Indian roads every year, disability figures are 10x Another 1.2 million are injured.

While India has one of the lowest vehicle penetration ratios, its ratio of road fatalities, at 14 per 10,000 vehicles, is among the highest

Healthwise Hospitalization & Injury

Permanent Total Disability - Table of benefits
The Disablement 1) Permanent Total Disablement 2) Permanent and incurable insanity 3) Permanent Total Loss of two Limbs 4) Permanent Total Loss of Sight in both eyes 5) Permanent Total Loss of Sight of one eye and one Limb 6) Permanent Total Loss of Speech 7) Complete removal of the lower jaw 8) Permanent Total Loss of Mastication 9) Permanent Total Loss of the central nervous system or the thorax and all abdominal organs resulting in the complete inability to engage in any job and the inability to carry out Daily Activities essential to life without full time assistance 10) Permanent Total Loss of Hearing in both ears 11) Permanent Total Loss of one Limb 12) Permanent Total Loss of Sight of one eye Compensation Expressed as a Percentage of Total Sum Insured 100% 100% 100% 100% 100% 100% 100% 100%

100% 75% 50% 50%

Healthwise Hospitalization & Injury

Broken Bones - Table of benefits
Fracture 1) Fractures of the Skull: a) Compound fracture with damage to the brain tissue b) Compound fracture without damage to the brain tissue c) A ll other fractures 2) Fractures of hip or pelvis (excluding thigh or coccyx): a) Multiple fractures (at least one compound & one complete) b) A ll other compound fractures c) Multiple fractures, at least one complete d) A ll other fractures 3) Fracture of thigh or heel: a) Multiple fractures (at least one compound & one complete) b) A ll other compound fractures c) Multiple fractures, at least one complete d) A ll other fractures 4) Fracture of Lower Leg, Clavicle, A nkle, Elbow, Upper or Lower A rm (including wrist, but excluding Colles-type fracture): a) Multiple fractures (at least one compound & one complete) b) A ll other compound fractures c) Multiple fractures, at least one complete d) A ll other fractures 5) Fractures of Lower Jaw: a) Multiple fractures (at least one compound & one complete) b) A ll other compound fractures c) Multiple fractures, at least one complete d) A ll other fractures % of Sum Insured 100 75 50

100 50 30 20

50 40 30 20

40 30 20 12

30 20 16 8

Healthwise Hospitalization & Injury

Broken Bones - Table of benefits (contd)
Fracture 6) Fractures of Shoulder Blade, Kneecap, Sternum, Hand (excluding fingers and wrist), Foot (excluding toes and heel): a) All compound fractures b) All other fractures 7) Colles type fracture to the Lower Arm: a) Compound b) Other 8) Fractures of Spinal Column (Vertebrae but excluding coccyx): a) All compression fractures b) All spinous, transverse process or pedicle fractures c) All other vertebral fractures 9) Fractures of Rib or Ribs, Cheekbone, Coccyx, Upper Jaw, Nose, Toe and toes, finger or fingers: a) Multiple fractures (at least one compound & one complete) b) All other compound fractures c) Multiple fractures, at least one complete d) All other fractures % of Sum Insured

20 10

20 10

20 20 10

16 12 8 4

Recap on product
Benefits
Emergency medical expenses ( Up to the Sum Insured ) Broken Bones (up to the Sum Insured), Hospital Cash (Rs.500 per day ), AD (100% of Sum Insured), PTD (up to 100% of Sum Insured) Annual policy with approximately 10% discount on Self and Spouse option

Sum Insured
4 Self plans - Sum Insured Rs. 2 Lakhs to Rs 4 Lakhs 3 Self & Spouse Plans Sum Insured Rs. 1 Lakhs to Rs 3 Lakhs Premiums ranging from Rs. 4,974 to Rs.17,424

Payment methods
Standing Instruction / Direct Debit (HDFC Bank Accounts ) / Credit Card / Cheque dependent on channel of distribution

Mandatory requirements on proposal form

Name, address & contact number Date of birth & sex Beneficiary or nominee details Name & relationship Selection of plan - Sum Insured Payment mode if SI / DD then correct HDFC Bank Account Number Declaration on the proposal form about other Personal Accident policies bought from HDFC Chubb and other insurers

Mandatory requirements on proposal form - Cont

Occupation details compulsory Signature on proposal form - MOST IMPORTANT Bank Account number Income criteria (Declaration based)
Sum Insured 2 Lakh 2.5 Lakhs 3 Lakhs 4 Lakhs Income Criteria 1 Lakh 1.25 Lakhs 1.75 Lakhs 2 Lakhs

Healthwise
Negative List:
Individuals with pre-existing diseases such as Cancer, AIDS, etc. Armed Forces (Army / Navy / Air Force) Para-military Forces (BSF, RAF, CRPF, etc) Professional Sports Persons Hazardous Sports (Bungee jumping, Jet-Skiing, Para-gliding, etc) Merchant Navy Airline Pilots Off-shore Workers (Oil rigs / Drilling platforms)

Claims
HDFC Chubb endeavours to provide and set standards for any insurance settlement or claim These standards being based on our value systems as an organization, which are Honesty Integrity Fairness Transparency Commitment

This in turn supported by Chubbs philosophy the world over to provide a fair, just and timely settlement of all claims

Claims
HDFC Chubb provides a call-center to address any claim related calls This call-center is not limited to the geographic locations of our operations - All India coverage supported by a toll-free line 1 800 226 226

In the event of having to notify a claim, telephone calls shall be addressed by trained personnel and guidance will be provided
All claims registered with HDFC Chubb shall be settled in 7 working days from the date of receiving complete documentation

Thank you