The No Claim Bonus (NCB) in HDFC ERGO Optima Secure is a distinctive benefit that significantly enhances your health insurance coverage.
What is the No Claim Bonus in Optima Secure?
HDFC ERGO Optima Secure offers a unique No Claim Bonus where you receive a bonus of 50% of your sum insured for every claim-free year, accumulating up to a maximum of 100% of your sum insured. What sets this apart is that this bonus is granted and maintained irrespective of any claims made on the policy.
Understanding the Optima Secure No Claim Bonus
Traditionally, a No Claim Bonus is an increase in your sum insured provided you don't make any claims during a policy year, and this bonus typically resets to zero if you file a claim. However, Optima Secure reimagines this benefit to be more consumer-friendly.
Here's how Optima Secure's NCB works:
- Annual Accumulation: For each year you do not make a claim, your sum insured increases by 50%.
- Maximum Benefit: This annual bonus can continue to accumulate until it reaches 100% of your original sum insured. For example, if your initial sum insured is ₹10 lakhs, it can increase to ₹20 lakhs over two claim-free years.
- Claim Protection: A key advantage is that the accumulated No Claim Bonus does not reduce or get reset even if you file a claim in a subsequent year. While you won't earn the 50% bonus for the year you make a claim, your previously accumulated bonus remains intact, offering continuous enhanced coverage. This means your increased sum insured acts as a robust financial buffer, regardless of your claims history.
Practical Implications
This unique structure provides substantial long-term benefits:
- Enhanced Coverage Over Time: Your health insurance cover grows significantly, without you having to pay extra premiums for the increased sum insured (due to the bonus).
- Financial Security: Even after making a claim, you retain the benefit of your accumulated bonus, ensuring that your coverage remains high for future medical needs. This is particularly valuable for unexpected or recurrent health issues.
- Reward for Healthy Living: While it rewards claim-free years, its non-reducing nature means the policyholder is continuously better off.
In essence, the No Claim Bonus in Optima Secure is designed to provide a growing and stable health cover that is resilient against the impact of claims, offering greater peace of mind.
