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Bajaj Allianz Hospital Cash

Objective

A standalone policy that aims at providing a daily cash amount to insured member(s) to meet incidental or additional expenses which are otherwise not covered by other insurance policies.


Suited for

This policy can be used as an add-on policy. Anyone aged between 18 and 60 years may go for this policy to enhance the scope of coverage. It can cover a family including husband, wife and dependent children under one single policy.


What does it do?

This is a supplementary policy which pays a cash benefit ranging from Rs 500 to Rs 2,500 upon each continuous and completed stay of 24 hours in a hospital. Daily cash benefit can be availed for a maximum of 30 or 60 days per policy year as opted for at the time of buying the policy. The daily cash benefit doubles if treatment was taken in ICU. This cash amount can be utilized to pay for non-medical expenses such as attendant's food, travel and stay which may remain uncovered even if you have a basic health insurance cover. However, it is solely left at the discretion of insured member as to how to make use of this daily cash benefit.


Pros

Family discount of 5 per cent is available.
Premium paid towards this policy is eligible for tax benefit under section 80D of Income Tax Act.


Our View

This policy may be bought as an add on policy provided the prospective buyer is adequately covered against basic health calamities. Buy only if you feel a real need. There are various insurance companies which have already incorporated daily cash benefit as one of the benefit in their comprehensive policies. So a standalone policy is not required in such cases.

Eligibility
Entry Age (years) 
Minimum18; 3 months for children
Maximum60; 21 for children
Maximum Policy Renewal Age (years)61
Coverage TypeIndividual/Spouse/Dependent Children
Sum Insured (Rs) 
MaximumDaily cash amount of 2500
MinimumDaily cash amount of 500
Policy Term (years)1
Tax BenefitTax benefit under Section 80D is available
DiscountFamily discount of 5% is applicable
Policy TerminationInsurance company and policyholder are allowed to terminate the policy by giving a written notice of 7 days. In case no claim has been made under the policy, percentage of premium will be refunded if policy is terminated by the insurance company
Customer Service 
AddressBajaj Allianz General Insurance Company Limited. GE Plaza, Airport Road, Yerawad, Pune - 411006
Mail to[email protected]
Call to1800 225858(BSNL/ MTNL); 1800 1025858 (Bharti users- mobile/ landline) or 020 30305858
Additions to the Plan
Scope of Cover
Sickness Hospital Cash and ICU Cash(a) Daily Cash Amount for each continuous and completed 24 hours hospitalisation upto maximum of 30/60 days per policy year. (b) Twice the Daily Sickness Cash amount for each continuous and completed period of 24 hours stay in ICU upto a maximum of 7 days per policy year.
Accident Hospital Cash and Accident ICU Cash(a) Daily Cash Amount for each continuous and completed 24 hours hospitalisation upto maximum of 30/60 days per policy year. (b) Twice the Accident Daily Cash amount for each continuous and completed period of 24 hours stay in ICU upto a maximum of 7 days per policy year.
Exclusions and Waiting period
Waiting perodAny disease contracted during the first 30 days of commencement of the policy except for accidental emergency.For specific diseases cover starts after one year
Pre Existing DiseasesNot Covered
General ExclusionsCancer, AIDS or related diseases.Non Allopathic treatment, Beauty, slimming or cosmetic surgery or treatment.Involvemnent in any criminal activity or war, riots or related condition.
Premium Option for 30 Day Cover
Age (in years)Daily Cash Benefit (in Rs)
500100020002500
upto 25 250300600800
25-404006008501100
41-5065090017002600
51-55900130028003500
56-601200180036004600
Premiums are exclusive of service tax.
Premium Option for 60 Day Cover
Age (in years)Daily Cash Benefit (in Rs)
500100020002500
upto 25 30050010001350
25-4052582515001800
41-50850180036004200
51-551200240044005000
56-601600300048005800
Premiums are exclusive of service tax.

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