Royal Sundaram General Insurance Company Limited - Hospital Cash Insurance Online

Hospital Cash Insurance Online

Hospital Cash Online is NOT a substitute for Health Insurance, but should be viewed as a supplement cover to help you and your family members in the event of hospitalization.

Key Benefits

• Instant Coverage
• No Documentation required
• No Medical Examination required
• Daily Cash benefit of Rs.1000/- for up to 180 days
• Income Tax benefit under section 80D of the IT Act
• Double Accident benefit, Triple ICU benefit and Convalescence benefit

Features and Benefits

There are hidden costs to hospitalization which are not covered by Health insurance, for example, expenses incurred on conveyance by family members to and from hospital, special diet expenses, expenses incurred by family member staying with patient and so on.

This product provides the insured with a daily cash benefit for each 24 hours spent in the hospital. Hospitalization could be due to sickness or accident. This product is not a substitute for Health Insurance, rather this is a supplement to the existing insurance covers bought individually or provided by the employer.

Who can be insured?

This insurance is available to persons between the age of 1 year and 60 years at the commencement date of the Policy. However, renewal is accepted up to 70 years. This cover is available for Self, Spouse, Dependant Children and Dependant Parents.

Key Features

• Instant coverage
• No Medical Examination required
• No Documentation required
• Up to 180 days of Hospitalization Cash benefit
• Automatic Renewal Facility
• Double Accident benefit; Triple ICU benefit
• Income tax benefits on premium paid as per section 80D of the IT act

Key Benefits

Illness Benefit

For each 24 hour period of hospital confinement, the benefit payable is the daily sum insured as per the plan selected by customer.

Accident Benefit

This benefit is payable only in excess of first 24 hours of confinement. Benefit payable will be increased to double the illness benefit for each 24 hour

period of hours of confinement, resulting from an insured person sustaining bodily injury due to road, rail or air accident. This benefit is payable up to a maximum of 21 days during the entire policy period.

ICU Benefit

Benefit payable will be increased to triple the illness benefit for each 24 hour period of hospital confinement, where an insured person is being confined to an intensive care unit for a maximum of 21 days during the policy period. For this purpose, the Intensive Care Unit shall be the special hospital unit for critically ill patients whose health requires continuous intensive medical care and treatment.

Convalescence Benefit

• A fixed lump sum amount as per Plan chosen is payable if the confinement in hospital exceeds 21 consecutive days.
• This benefit is payable once in the policy period.
• This benefit is payable only if there is an admissible claim under any of the daily benefits.

Family Discount

A discount of 10% is offered if 3 or more persons are covered under the same policy

Plan and Premium

Premium (Inclusive of 10.3% ST)

For more details please refer the policy terms and conditions.