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Royal Sundaram Master Product- Total Health Plus- Gold Plus Plan

Objective

A policy with an objective to cover several relationships under a single policy to reduce time and efforts on multiple policy handling.


Suited for

This policy is suitable for a big family. However, it covers all members on an individual sum insured basis.


What does it do?

It is a policy with a provision to cover several relations under a single policy. It can cover brother, sister, mother-in-law, father-in-law, grandfather, grandmother, grand-daughter, grandson, daughter-in-law, son-in-law. Each family member can select a sum insured that cannot be shared among other insured members. Additional offers that sets this policy apart are Indexation benefit and Accidental hospitalisation cover. With increasing age and rising insurance needs, this policy allows sum insured to increase by 10% on an annual basis till it reaches 50%. Apart from this, the policy gives an extra protection for accidental hospitalisation which can be utilized only after exhaustion of basic sum insured.


Pros

This policy offers lifelong renewals.
Premiums paid towards this policy enjoy a tax benefit under Section 80D.
Reduces time and efforts to handle multiple individual policies.


Cons

Room rent and ICU charges are capped.


Our View

A policy covering maternity expenses and providing a daily cash allowance for related expenses as well.
Accidental hospitalisation though is a good additional feature, it does not provide disability benefits so, cannot replace a standalone accident cover.
Premiums for this policy are already higher than other similar policies which means that the cost of Indexation benefit has already been taken care of.

Eligibility
Entry Age (years) 
Minimum18; 91 days for children
Maximum65; 21 years for children
Maximum Policy Renewal Age (years)Lifelong
Coverage TypeIndividual/ Family on an individual Sum Insured basis/ other legal dependents on individual basis
Sum Insured (Rs) 
Maximum6 lakh
Minimum3 lakh
Policy Term (years)1
Discount10% Family discount to cover 3 or more members
5% No claim discount on renewal premium
Pre Policy Medical Check UpNot required upto 50 years of age for sum insured of Rs 3 lakhs and upto 45 years of age for sum insured above Rs 3 lakhs and upto Rs 10 lakhs. Insurer will reimburse 50% of costs if proposal gets accepted
Grace Period for Policy Renewal30 days
Policy TerminationEither of the parties may terminate this policy. Policyholder may cancel this policy anytime and the insurer would pay proportionate premiums if no claim has been made.
Customer ServiceRoyal Sundaram Alliance Insurance Company Limited
Sundaram Towers 45 & 46,
Whites Road, Chennai 600 014
Customer Service 
Mail to[email protected]
Call to1860 425 0000 (toll free)
SMSSMS to 560701
Network HospitalsHttp://www.royalsundaram.in/App/search-hospital-list.aspx
Additions to the Plan
Scope Of Cover
Cashless facilityallowed if treatment is availed in a network hospital
Reimbursement facilityallowed if treatment is availed in a non- network hospital
Pre and Post hospitalisation covers medical expenses incurred 30 days prior to hospitalisation and 60 days after discharge from the hospital
In patient hospitalisationcovered
Room rentcovered upto 2% of sum insured per day
ICU chargescovered upto 4% of sum insured
Day care procedures147 in number are covered
Emergency ambulancecovered upto Rs 1500 per claim upto total of Rs 3000 policy limit
Health Check upallowed after every 4 claim free years for upto Rs 1500
Accident hospitalisation covered for upto 50% of basic sum insured
Indexation benefitSum Insured increases by 10% each year till it reaches 50% irrespective of claim in expiring policy
Maternity Benefit (allowed for first two children)pays 10% of sum insured upto Rs 30000.
Hospital Cash Allowance (for upto 30 days)Rs 500 per day
Exclusions and Waiting Period
Pre-existing diseasescovered after 3 years of continuous policy renewal
No claim periodinitial 30 days of policy commencement
Waiting periodDiseases such as Congenital Internal Disease, Stone in urinary and biliary systems, Migrane/Vascular headaches etc., are not covered during first policy year.Certain diseases such as Cataract, Knee/Hip Replacement, Heart Disease, Chronic Renal Failure/ End Stage Renal Failure etc are not covered during first two policy years.certain diseases such as Osteoarthritis of any joint, treatment of joint replacement surgery etc shall be covered after first three policy years.3 years for maternity benefits
Other ExclusionsAyurvedic or any other non-allopathic treatmentAIDS or related condition
Annual Premiums for Individuals
Age (in Years)Sum Insured (in Rs)
3 lakh4.50 lakh6 lakh
18-35482560867251
36-45623479849599
46-5068638832NA
Premiums are exclusive of Service tax and cess.
Refer to insurer's website for calculating premiums for a family.