Universal Sompo Hospital Cash Insurance Policy: Benefits, Premium & Coverage

Universal Sompo Hospital Cash Policy Overview

Universal Sompo Hospital Cash insurance policy provides a daily allowance to the insured for every day of hospitalization. It provides twice the hospital cash benefit amount in case the insured has been admitted to the Intensive Care Unit (ICU). It also offers a convalescence benefit in case the insured is admitted to the hospital for more than 21 days.

The Universal Sompo Hospital Cash policy covers a hospital cash amount of Rs 500/1000/1500/2000/2500/3000 per day. It also comes with the hospital cash days of 15/30/45/60/90/180 days.

Universal Sompo Hospital Cash Policy Eligibility Criteria

Criteria	Specifications
Minimum Entry Age	18 years 06 months (children)
Maximum Entry Age	70 years 25 years (children)
Coverage	Individual
Hospital Cash Amount	Rs 500/1000/1500/2000/2500/3000 per day
Number of Hospital Cash Days	15/30/45/60/90/180 days
Pre-acceptance Medical Test	Not required up to 55 years
Policy Term	1 year/ 2 years/ 3 years
Pre-existing diseases waiting period	4 years
Discounts	Long term policy discount, family discount
Renewability	Lifetime

Key Features of Universal Sompo Hospital Cash Policy

Here are some of the key features of the Universal Sompo Hospital Cash insurance policy:

It covers individuals as well as families.
It offers a daily cash allowance for each day of hospitalization.
It provides double hospital cash benefit in case of ICU admission.
It also offers a fixed convalescence benefit of Rs 10,000.
It provides tax exemption under section 80D of the Income Tax Act

Inclusions of Universal Sompo Hospital Cash Policy

The Universal Sompo General Insurance Company provides the following coverage under the Hospital Cash insurance policy:

Hospital Confinement Benefit - Offers daily cash allowance to the insured in case of hospitalization
Intensive Care Benefit - Offers double the hospital cash benefit amount in case the insured is admitted to the ICU
Convalescence Benefit - Offers a fixed amount of Rs 10,000 in case the insured is hospitalized for more than 21 days

Exclusions of Universal Sompo Hospital Cash Policy

The Universal Sompo Hospital Cash policy does not cover the following medical expenses:

Alternate treatment
Pregnancy & childbirth-related claims
Dental treatment or surgery
Intentional self-injury or suicide
Participation in adventure sports
Injury/hospitalization due to consumption of liquor, drugs or other intoxicants
Cosmetic or plastic surgery
Venereal disease
Injury due to war or nuclear perils

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

FAQs

Q. Is there any waiting periods under the Universal Sompo Hospital Cash policy?
The Universal Sompo Hospital Cash Insurance policy comes with the following waiting periods:
- Initial waiting period - 30 days
- Pre-existing diseases - 48 months
- Specific diseases - 24 months
Q. How can I reduce the premium under the Universal Sompo Hospital Cash policy?
You can reduce the premium of a Universal Sompo Hospital Cash policy with the help of the following discounts:
- Long term policy discount - 10% and 15% savings on premium if opted for 2 years and 3 years policy tenure
- Family discount - 5% savings on premium if family members are included in the same policy
Q. Can I enhance my sum insured under the Universal Sompo Hospital Cash policy?

Yes. You can enhance the sum insured under your Universal Sompo Hospital Cash policy at the time of policy renewal.
Q. Can I return my Universal Sompo Hospital Cash policy after purchasing?

Yes. You can return your Universal Sompo Hospital Cash policy after buying. However, you are recommended to cancel the policy within the free look period or the first 15 days of the policy commencement to prevent paying a cancellation fee. In case you return the policy after the free look period, you will have to pay a cancellation fee.
Q. Is cashless treatment available under the Universal Sompo Hospital Cash policy?

Yes. Cashless treatment facilities are available at more than 4000 network hospitals of Universal Sompo General Insurance Company spread across the country.
Q. Which documents should I submit while raising a claim under Universal Sompo Hospital Cash policy?
You will need to submit the following documents at the time of raising a claim under your Universal Sompo Hospital Cash policy:
- Universal Sompo claim form
- Copy of medical records
- Copy of FIR (in case of an accident claim)
- Hospital discharge certificate
Copy of hospital bills and payment receipts