Max Bupa Health Assurance Hospital Cash
A special policy that aims to provide additional sum for dealing with expenses that are not covered under a basic health insurance policy.
This policy is suitable for those covered under a basic health insurance policy and feel the need for additional cover for expenses in case of medical emergency.
What does it do?
It provides a cash benefit ranging from Rs 1,000 to 4,000 per day for every 24 hours completed in a hospital. This policy can be taken along with any health insurance policy as a complementary plan and used to pay for related expenses such as boarding, food and travel of family members or any other expense that is not covered under a basic health insurance policy. The claim will not be admissible until the insured has been hospitalised for at least two days.
However, the daily cash benefit will be paid from day one of hospitalisation, if the claim is accepted.
This policy can be bought online.
It provides a premium discount on selecting a 2-year policy term.
Premium paid under this policy enjoys a tax benefit under Section 80D.
This policy is recommended only for those who have a basic health insurance policy. Comprehensive health insurance plans usually provide a separate coverage for accompanying expenses which makes it futile to buy hospital cash policy. An individual must assess the need for such a policy before making a purchase.
|Entry Age (years)|
|Minimum||18; 2 years for children|
|Maximum||65; 21 years for children|
|Maximum Policy Renewal Age (years)||Life long renewal|
|Coverage Type||Individual / Family|
|Sum Insured (Rs)|
|Maximum||Daily Cash Benefit of Rs 4000 (50% in case of children)|
|Minimum||Daily Cash Benefit of Rs 1000 (50% in case of children)|
|Policy Term (years)||1/ 2|
|Free look Period||15 days|
|Grace Period for Policy Renewal||30 days|
|Policy Termination||Either of the insurer or ipolicyholder may cancel this policy by giving a 30 days notice period.|
Max Bupa Health Insurance Company Limited,
2nd Floor, Salcon Ras Vilas
D-1, District Centre, Saket,
New Delhi 110017
|Call to||1800 3010 3333 (toll free)|
Additions to the Plan
|Scope of Cover|
|Daily cash benefit||Rs. 1000 to 4000 per day of hospitalisation for 45 days. Double cash benefit for ICU maximum upto 7 days|
|Exclusions and Waiting Period|
|Pre-existing diseases||covered after 4 years of continuous policy renewal|
|No claim period||30 days from the policy start date|
|Waiting period||24 months for specific illnesses namely, surgery on tonsils/ adenoids, cataract, Hernia Sinusitis, Varicose veins etc.|
|Other exclusions||non allopathic treatment|
|Age (in years)||Daily Cash Benefit (in Rs)|
|premiums are inclusive of taxes|
|Premiums for a Family Policy can be calculated using online premium calculator available on company's website.|