Kotak Mahindra Hospital Cash Insurance Policy

Kotak Hospital Cash insurance provides coverage for out of pocket expenses on food, conveyance, etc. that the insured may incur during sickness or accidental hospitalization. It can be purchased as an optional cover under the Kotak Health Premier policy.

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Kotak Mahindra Hospital Cash Insurance Policy

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

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    Kotak Mahindra Hospital Cash Policy Overview

    Kotak Hospital Cash policy provides a fixed hospital cash benefit to the insured for each day of hospitalization. It provides a daily cash allowance to the insured over and above the sum insured paid under the regular health insurance policy.

    The Kotak Hospital Cash policy provides coverage from the first day of hospitalization only if the insured has been hospitalized for at least three consecutive days. Moreover, it offers coverage on an individual basis even under family floater plans.

    The policyholder can also include convalescence benefit and daily cash benefit for accompanying an insured child as optional cover under the Kotak Health Premier policy.

    Kotak Hospital Cash Policy Eligibility Criteria



    Minimum Entry Age

    18 years

    91 days (children)

    Maximum Entry Age

    65 years

    25 years (children)



    Policy Term

    1 year/ 2 years/ 3 years

    Pre-existing diseases waiting period

    2years/ 3 years/ 4 years


    No deductible if hospitalized for 3 consecutive days




    Long term discount, Family discount, Cross sell discount

    Key Features of Kotak Hospital Cash Policy

    The Kotak Hospital Cash policy comes with the following key features and benefits:

    • It provides coverage on an individual basis even under floater plans.
    • It offers a daily hospital cash benefit for each day of hospitalization.
    • It provides tax savings up to Rs 75,000 under section 80D of the Income Tax Act.

    Inclusions of Kotak Hospital Cash Policy

    The Kotak Mahindra General Insurance Company Ltd. covers the following under the Hospital Cash policy:

    • Hospital Daily Cash Benefit - Offers a fixed daily cash amount for each day of in-patient hospitalization
    • Convalescence Benefit - Offers a one-time lump sum amount in case the insured is hospitalized for more than 10 consecutive days
    • Daily Cash Benefit for Accompanying an Insured Child - Offers a fixed daily hospital cash benefit in case of accompanying an insured child, aged 12 years or below, to the hospital

    Exclusions of Kotak Hospital Cash Policy

    The Kotak Hospital Cash policy will not cover the following medical expenses:

    • Treatment for abuse of alcohol, drugs or intoxicating substances
    • Infertility or sterility treatment
    • Intentional self-injury
    • Cosmetic or plastic surgery
    • OPD treatment
    • Maternity expenses
    • Dental treatments
    • Treatments for injuries due to adventure or hazardous sports
    • Obesity or weight control procedures
    • Treatments taken outside India

    The above list of exclusions is not exhaustive. To obtain the complete list of exclusions, refer to the Kotak Hospital Cash policy brochure.


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