Oriental Nishchint Rahein Happy Cash Policy

Insurer Highlights

*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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      Oriental Nishchint Rahein Happy Cash Policy

      Your family's future is best protected when they have the guarantee of comprehensive insurance. The Oriental Happy Cash-Nishchint Rahein Health Insurance protects your loved ones from the additional financial burden in case of a hospitalization. The policy offers daily cash benefits with four options to choose from. This benefit can be availed for a period of 30/60 days as per the preference.

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      Oriental  Nishchint Rahein Happy Cash Policy: Key Highlights

      Pre-existing Illness Cover

      48 months

      Benefit Period

      30/60 days

      Daily Cash Benefit

      With 4 options

      · Rs 500

      · Rs 1000

      · Rs 2000

      · Rs 3000

      Free-look Period

      15 days

      Scope of Coverage

      The Oriental Happy Cash-Nishchint Rahein Insurance Policy offers the insured 4 options of daily cash benefit: Rs 500, Rs 1000, Rs 2000 and Rs 3000. Individuals under this policy can opt for various cash benefits from the above option.

      This particular Oriental Insurance health insurance provides the following coverage:

      • Hospitalization Benefit: The policy provides a Daily Cash Benefit (mentioned in the policy certificate). This amount is payable for every completed 24 hours during hospitalization, for a maximum duration of 30/60 days per illness.
      • Convalescence Benefit: In addition to the Daily Cash Benefit, a fixed lump sum amount is payable to the convalescence if hospital stay exceeds 30/60 days.
      • Women received an increased Daily Cash Benefit with no additional premium.

      Inclusions of the Plan

      The basic coverage under the Oriental Happy Cash-Nishchint Rahein Insurance Policy is supplemented by the following inclusions that are beneficial to the insured and his/her loved ones:

      • The policy gives the insured three options for deductible: no deductible, 1 day and 2 days. The deductible is valid per event.  
      • The plan provides a higher Daily Cash Benefit for women at no extra premium.
      • The insured has the scope to make considerable savings; 5% if on premium if 2 members are covered and 7.5% if more than two members are covered.
      • A savings of 10% is guaranteed if the insured member holds any of the Oriental Health Insurance.
      • Members of the staff of Oriental Insurance Company can make savings of 33% on the premium.

      Exclusions of the Plan

      Oriental Happy Cash-Nishchint Rahein Health Insurance does not cover the following medical expenses:

      • Pre-existing medical conditions for the first 4 continuous periods
      • Any illness within the first 30 days from the new policy's start date, except accidental injuries
      • Circumcisions, sex alteration surgery, cosmetic surgery and plastic surgery
      • Injury or illness arising from war or war-like operations
      • Substance abuse, self-inflicted injuries, sexually transmitted diseases and HIV/AIDS
      • Hospitalization for diagnostic or investigative reasons
      • Pregnancy, infertility, congenital and genetic issues
      • Stem cell treatment
      • Correction of eyesight
      • Cosmetic or dental surgeries
      • Treatment pursued outside the geographical boundaries of India.

      Note: For the entire list of exclusions, please refer to the official policy document.

      Features and Benefits of the Oriental Happy Cash-Nishchint Rahein Policy

      Oriental Happy Cash-Nishchint Rahein provides the insured with the following user benefits that make hospitalization less of a financial strain on the family:

      • The policy will pay for any number of hospitalizations during a policy period, subject to any single stay not exceeding the Daily Cash Benefit chosen by the Insured.
      • The policy applies for Ayurvedic, Homeopathic and Unani treatment but only in government-approved hospitals or hospitals associated with a medical college.
      • The policy comes with a 15-day Free Look Period starting from the policy receipt date to review the policy.

      Eligibility Criteria

      The policy comes with the following eligibility conditions:


      Indian & Family Floater

      Minimum Entry Age

      Child: 3 months

      Adult: 18 years

      Maximum Entry Age

      65 years; 75 years for a Retail Policyholder

      Number of people covered

      Proposer, Legally-wedded spouse, dependent children and parents/parents-in-law (either of them)

      Residential Status

      Indian Citizens and Permanent Residents



      Cancellation Terms of the Policy

      The insured can request a cancellation of the Oriental Happy Cash-Nishchint Rahein after giving the company a notice for 30 days. In this case, Oriental Insurance will allow a premium refund at the organization's short period rate (clearly elaborated in the official policy document). The insurance has made no claim up to the date of the cancellation.

      The premium reimbursement rates based on the period of risk covered are as follows:

      • Up to 1 month- 1/4thof the annual rate
      • Up to 3 months- ½ of the annual rate
      • Up to 6 months - 3/4thof the annual rate
      • Exceeding 6 months -Full annual rate


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