Oriental Hospital Cash Insurance Policy: Benefits, Premium & Coverage

Oriental Hospital Cash Insurance Policy

Oriental Hospital Cash policy provides coverage for incidental expenses, such as lodging, conveyance, food, etc. which are generally not covered by a regular health insurance plan. This policy by the Oriental Insurance Company Ltd. can be purchased separately besides your base health insurance plan.

Overview

The Oriental Happy Cash policy provides a fixed daily hospital cash benefit to the insured for a maximum of 30 or 60 days of hospitalization per illness. It also provides a fixed lump sum amount as a convalescence benefit in case the total days of hospitalization goes beyond the opted number of hospital cash days i.e. 30/60 days.

Moreover, if the insured is a female, she will get an additional 25% daily cash benefit at no additional costs. For example, if the insured woman has opted for a hospital cash amount of Rs 1000 per day, she will get 25% extra daily cash benefit i.e.Rs 1250 per day.

The Oriental Hospital Cash policy offers a hospital cash amount of Rs 500/1000/2000/3000 per day as chosen by the policyholder. It also comes with an optional deductible of 1 day and 2 days, which can be chosen by the policyholder. However, opting for a deductible is not mandatory under the policy.

Oriental Hospital Cash Policy Eligibility Criteria

Criteria	Specifications
Minimum Entry Age	18 years 03 months (children)
Maximum Entry Age	65 years (75 years in case of base health policy from Oriental Insurance) 25 years (children)
Hospital Cash Amount	Rs 500/ 1000/2000/3000 per day
Number of Hospital Cash Days	30/60 days
Additional Benefit	25% additional daily cash benefit for women
Policy Term	1 year
Pre-existing diseases waiting period	4 years
Deductible	1 day/ 2 days (Optional)
Renewability	Lifelong
Discount	Family discount and loyalty discount

Key Features of Oriental Hospital Cash Policy

The Oriental Happy Cash policy from Oriental Health Insurance comes with the following features and benefits:

It provides a daily cash benefit for each day of hospitalization.
It comes with a convalescence benefit paid in a lump sum.
It offers an additional 25% daily cash benefit to females.
It comes with deductible options of 1 day and 2 days.
It offers savings on premium with the help of loyalty discount and family discount.

Inclusions of Oriental Hospital Cash Policy

Take a look at the various coverage offered under the Oriental Hospital Cash policy:

Hospitalization benefit- Offers a daily cash benefit for each day of hospitalization up to a maximum of 30/60 days
Convalescence benefit- Offers a lump sum benefit in case the total hospitalization days goes beyond a maximum of 30/60 days
Increased daily cash benefit for females- Offers additional 25% hospital cash benefit per day to females

Exclusions of Oriental Hospital Cash Policy

The following medical expenses are not covered by Oriental Happy Cash policy:

Injuries resulting from war or war-like operations
Treatment taken outside India
Cosmetic surgery or plastic surgery
Pregnancy and related expenses
Claims arising due to substance abuse
Stem cell therapy
Self-inflicted injuries
Cosmetic dental surgeries
Sex change surgery

The above list of exclusions is not complete. Refer to the Oriental Hospital Cash policy brochure for the detailed list.

FAQs

Q. Is there any waiting period under the Oriental Hospital Cash policy?
Yes. The following waiting period applies to Oriental Hospital Cash policy:
- Initial waiting period - 30 days
- Pre-existing diseases waiting period - 48 months
Q. Do I need to undergo a pre-policy medical check-up to buy the Oriental Hospital Cash policy?

No. You do not have to undertake any pre-policy health check-up to buy Oriental Happy Cash policy.
Q. How can I reduce my Oriental Hospital Cash policy premium?
You can reduce the premium for your Oriental Hospital Cash policy premium with the help of the following:
- Family Discount - 5% savings on premium if two members are covered under the policy, 7.5% savings on premium if more than two members are covered under the policy
- Loyalty Discount - 10% savings on premium if you already have a health policy by the Oriental Insurance Company Ltd.
- TPA Discount - 5.5% savings on premium if you do not opt for TPA services
Q. Will Oriental Hospital Cash policy provide coverage if I get hospitalized for a non-allopathic treatment?

Yes. The Oriental Hospital Cash policy covers treatment taken through Ayurveda, Unani and Homeopathy, provided you are hospitalized to a government hospital or a hospital associated with a medical college.
Q. When can I change the daily hospital cash amount under the Oriental Hospital Cash policy?

You can change the daily hospital cash amount under your Oriental Hospital Cash policy at the time of policy renewal.
Q. Can I cancel my Oriental Hospital Cash policy during the policy year?

Yes. You can cancel your Oriental Hospital Cash policy mid-year. You will be able to cancel the policy without paying any cancellation fees during the free-look period or the first 15 days from the policy commencement date. After this period, you will have to pay a cancellation fee to cancel your policy.