Liberty Hospital Cash Insurance Policy

Liberty Hospital Cash Insurance Policy

Liberty Hospital Cash policy covers unaccounted expenses resulting from an accidental or sickness hospitalization that are mostly excluded by regular health insurance plans. It provides financial support to the policyholder to reduce out of pocket expenses incurred during hospitalization.

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Liberty Hospital Cash Policy Overview

Liberty Hospi-Cash Connect policy provides a fixed daily hospital cash benefit to the insured during hospitalization. It offers twice the daily hospital cash benefit amount in case of accidental hospitalization and ICU admission. It offers a recovery benefit if hospitalized for more than 15 days. It also provides a lump sum benefit in case of minor and major surgical procedures if a threshold limit is crossed.

The Liberty Hospital Cash policy offers a sum insured ranging from Rs 2 lakh to Rs 10 lakh. It provides coverage for a maximum of 30 hospital cash days.

The Liberty Hospi-Cash Connect policy also comes with Flexi covers, which allows the insured to customize the coverage as per his/her preference. The covers include critical illness benefit, day care procedure cash and convalescence benefit amongst others.

Liberty Hospital Cash Policy Eligibility Criteria

Key Features of Liberty Hospital Cash Policy

Here are the key features and benefits of Liberty Hospi-Cash Connect policy:

• It provides a hospital cash allowance for every day of hospitalization.
• It provides double accident benefit and ICU benefit.
• It comes with a one-time recovery benefit.
• It provides lump sum benefit for minor & major surgical procedures.
• It comes with the Hospital Cash Connect Flexi plan with the option to customize policy coverage.
• It covers pre-existing diseases from first renewal in case of 3 years policy tenure.
• It provides tax benefits under the Income Tax Act, section 80D.

Inclusions of Liberty Hospital Cash Policy

The Liberty General Insurance Company provides the following coverage under the Hospi-Cash Connect policy:

• Daily Hospital Cash- Offers daily cash allowance in case of hospitalization due to an illness
• Daily Hospital Cash - Accident- Offers daily cash benefit if hospitalized due to an accidental injury
• Double Accident Benefit- Offers twice the daily hospital cash benefit amount if hospitalized due to an accidental injury for more than 3 days
• Double ICU Benefit- Offers double the daily cash benefit amount if admitted to an ICU
• Recovery Benefit- Offers a one-time lump sum benefit equivalent to five times the hospital cash benefit amount if hospitalized for more than 15 consecutive days
• Special Care on Minor Surgeries- Offers a one-time fixed benefit equivalent to three times the hospital cash benefit amount if incurred more than Rs 50,000 on minor surgical procedures
• Special Care on Major Surgeries-  Offers a one-time lump sum benefit equivalent to five times the hospital cash benefit amount if incurred more than Rs 2,00,000 on major surgical procedures
• Restore Benefit- Provides restoration of the sum insured if it has been exhausted during the policy year

Optional Covers:

• Flexi Cover - Offers the option to choose policy covers, including double ICU benefit, day care procedure cash, convalescence benefit, recovery benefit, etc.
• Wellness Program- Offers coverage, such as emergency medical evacuation, compassionate visit, medial consultation, evaluation & referral, etc.

Exclusions of Liberty Hospital Cash Policy

The following medical expenses are not covered under the Liberty Hospi-Cash Connect policy:

• Cosmetic surgery/ plastic surgery
• OPD treatment
• Self-inflicted injury, including suicide or an attempt to suicide
• HIV AIDS
• External congenital anomaly
• Alternative treatment
• Abuse of intoxicating substances, such as alcohol and drugs
• Pregnancy and infertility treatments
• Injuries due to participation in hazardous sports
• Treatments taken outside India

The above list of exclusions is not exhaustive. Check out the complete list by referring to the Liberty Hospital Cash policy brochure.

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