Bajaj Allianz Hospital Cash Daily Allowance Plan

Introduction/Overview

Hospital Cash Daily Allowance Policy protects you by providing cover for the financial burden that is upon you at time of hospitalization. Daily cash benefit during the hospitalization time will help you to focus more on treatment rather than how to manage funds for the incidental expenses.

Key Features

• Sum insured options available are-

• Rs 500 per day
• Rs 1000 per day
• Rs 2000 per day
• Rs 2500 per day

*Cover is available for 30 days and 60 days per policy period.

• The policy can be taken along with any other health insurance schemes, CGHS, ESIS, etc.
• Daily cash benefits during hospitalization
• Double benefits in case of ICU admission (for max of 7 days)

Benefits

• Hassle free claim procedure
• Income Tax benefit on the premium paid as per section 80D of the Income Tax Act
• 5% family discount applicable if 2 or more family members are covered under the same policy.The family discount will be offered for both new policies as well as for renewal policies

Details about Premium

Annual premium in Rupees

*The above rates may vary. Please check the policy wordings for more information.

Policy Details

Minimum daily cash benefit assured – Rs.500

Maximum daily cash benefit assured– Rs.2500

Coverage type: Family

Grace period: 30 days grace period is allowed for payment of premium and the policy will be considered as continuous.

Portability: As per the Portability Guidelines issued by IRDA, If you are insured under any other health insurance policy of Non-life insurer you can transfer to Hospital Daily Allowance policy.

Policy termination: Policyholder is allowed to terminate the policy at anytime by giving a 15 day written notice. In case no claim has been made under the policy, percentage of premium will be refunded depending on the time of cancellation.

Free look period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Exclusions

• Any pre-existing diseases
• Any treatment not recommended/performed by Doctor
• Cosmetic, aesthetic, or related treatments will not be covered.
• Any illness or disease contracted due to intake of alcohol or other addictive substances will not be covered.
• Suicide or other self-inflected cases
• Non-allopathic treatment

Documents Required

An individual has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof to buy the policy. Medical examination may be required in some cases, based on the sum insured and the age of the person.

Eligibility Age

• Entry age for proposer, spouse: 18 - 65 years

• Dependent children: 3 months to 21 years.