Kotak Mahindra Hospital Cash Insurance Policy: Benefits, Premium & Coverage

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.

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

Criteria	Specifications
Minimum Entry Age	18 years 91 days (children)
Maximum Entry Age	65 years 25 years (children)
Coverage	Individual
Policy Term	1 year/ 2 years/ 3 years
Pre-existing diseases waiting period	2years/ 3 years/ 4 years
Deductible	No deductible if hospitalized for 3 consecutive days
Renewability	Lifelong
Discounts	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.

FAQs

Q. What are the waiting periods applicable under the Kotak Hospital Cash policy?
The following waiting periods apply to the Kotak Hospital Cash policy:
- Initial waiting period - 30 days
- Specific diseases/ procedures - 2 years
- Pre-existing diseases - 2 years/ 3 years/ 4 years
Q. What are the ways to reduce Kotak Hospital Cash policy premium?
You can use the following discounts to reduce your Kotak Hospital Cash policy premium:
- Long term discount - 2.5% and 5% savings on premium in case of 2 years and 3 years policy tenure respectively
- Family discount - 2.5% and 5% savings on premium in case two members and more than two family members are covered under the same policy respectively
- Cross sell discount - 10% savings on premium if you already have an existing policy
Q. Will I get a hospital cash benefit under the Kotak Hospital Cash policy if I’m undergoing a day care procedure?

No. You will not get a daily cash benefit under the Kotak Hospital Cash cover if you are undergoing a day care procedure as the coverage is available only in case of in-patient hospitalization.
Q. Can I avail cashless hospitalization facility under the Kotak Hospital Cash policy?

Yes. You can avail cashless hospitalization facility at over 4000 network hospitals of Kotak Mahindra General Insurance Company Ltd. across India.
Q. Which documents should I submit to raise a claim under the Kotak Hospital Cash policy?
You should submit the following documents to raise a claim under the Kotak Hospital Cash policy:
- Kotak Mahindra claim form
- FIR (if lodged for accident cases)
- Treatment papers
- Original investigation test reports
- Hospital discharge summary
- Original hospital bills and payment receipts
- KYC documents