Max Bupa Health Assurance Hospital Cash

Objective

A special policy that aims to provide additional sum for dealing with expenses that are not covered under a basic health insurance policy.

Suited for

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.

Pros

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.

Our View

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.