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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.

Eligibility
Entry Age (years) 
Minimum18; 2 years for children
Maximum65; 21 years for children
Maximum Policy Renewal Age (years)Life long renewal
Coverage TypeIndividual / Family
Sum Insured (Rs) 
MaximumDaily Cash Benefit of Rs 4000 (50% in case of children)
MinimumDaily Cash Benefit of Rs 1000 (50% in case of children)
Policy Term (years)1/ 2
Free look Period15 days
Grace Period for Policy Renewal30 days
Policy TerminationEither of the insurer or ipolicyholder may cancel this policy by giving a 30 days notice period.
Customer Service 
AddressCorporate Office:
Max Bupa Health Insurance Company Limited,
2nd Floor, Salcon Ras Vilas
D-1, District Centre, Saket,
New Delhi 110017
Call to1800 3010 3333 (toll free)
Network HospitalsHttp://www.maxbupa.com/customer-care/health-services/hospital-locator.aspx
Additions to the Plan
Scope of Cover
Daily cash benefitRs. 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 diseasescovered after 4 years of continuous policy renewal
No claim period30 days from the policy start date
Waiting period24 months for specific illnesses namely, surgery on tonsils/ adenoids, cataract, Hernia Sinusitis, Varicose veins etc.
Other exclusionsnon allopathic treatment
Annual Premium
Age (in years)Daily Cash Benefit (in Rs)
1000200030004000
18-2549999615712056
26-40731130124513230
41-501336291647376279
51-551998443172389614
56-6024105378800910642
61-65340576561142715199
premiums are inclusive of taxes
Premiums for a Family Policy can be calculated using online premium calculator available on company's website.