Universal Sompo Hospital Cash Insurance

Universal Sampo Hospital Cash Insurance provides double benefit to you as well as your family. it takes care of daily cash which is required to take care of your hospital expenses. Also it provides extra benefit in case of treatment under ICU.

Any person in the age group of 18 - 70 years can buy this policy.
You can renew this policy lifetime.
Entry age of dependent children is as low as 6 months.
No medical test is required up to an age of 55 years.
Policy can be taken for 1,2 or 3 years as per your convenience.
A family discount of 5% on the total premium is available.
Total of 5 varieties of options are provided to choose in terms of daily benefit amount- Rs. 500 Rs. 1000, Rs. 1500,Rs. 2000& Rs.2500.
Under Sec. 80 D of Income Tax Act the premium paid is exempt from Income Tax.

Coverage under Universal Sompo Hospital Cash insurance

Three benefits are provided under this hospital cash insurance policy

Hospital Confinement Benefit.
Intensive Care Benefit.
Convalescence Benefit.

Details about Hospital Cash Insurance premium (Option 1– for 500rs)

Hospital Cash – Premium chart Annual Premium
Proposer Age	15 Days	30 Days	30 Days	45 Days	60 Days	90 Days	180 Days
500	0.6-25 Years	188	375	563	750	1125	2250
	26-40 Years	263	525	788	1050	1575	3150
	41-50 Years	375	750	1125	1500	2250	4500
	51-60 Years	413	825	1238	1650	2475	1950
	61-70 Years	450	900	1350	1800	2700	5400
	71-80* Years	750	1500	2250	3000	4500	9000
	80* Years	900	1800	2700	3600	5400	10800

*The above rates may change. Please refer the policy wordings for more information.

Universal Sompo Hospital Cash Insurance Policy at a Glance

Daily Benefit Amount- 5 options are provided- Rs. 500, Rs. 1000, Rs. 1500, Rs. 2000, and Rs.2500.
Coverage type – Individual as well as family.
Portability: If you are insured under any other health insurance policy of Non-life insurer you can transfer to Hospital Cash policy by Universal Sompo General Insurance with all your accrued benefits after due allowances for waiting periods.
Policy termination: Policyholder is allowed to terminate the policy at anytime by giving a 15 day written notice. In case no claim has been made under the policy, percentage of premium will be refunded.
Free look period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of cancelling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Exclusions in Hospital Cash Insurance by Universal Sompo

Contraction of any disease during the first 30 days of commencement of the policy.
Waiting period of 1 year from commencement of Policy for certain diseases like cataract, hysterectomy, etc.
Any illness or disease contracted due to intake of alcohol or other addictive substances will not be covered.
Any illness or disease due to war or invasion.

Documents Required to buy Hospital Cash Insurance Plan by Universal Sompo

An individual has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof. Medical examination may be required in some cases, based on the sum assured and the age of the person.