Max Bupa Health Assurance Hospital Cash Plan

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Max Bupa Health Assurance Hospital Cash

 

	Objective			A special policy that aims to provide additional sum for dealing with expenses that are not covered under a basic health insurance policy.
Suited for			This policy is suitable for those covered under a basic health insurance policy and feel the need for additional cover for expenses in case of medical emergency.
What does it do?			It provides a cash benefit ranging from Rs 1,000 to 4,000 per day for every 24 hours completed in a hospital. This policy can be taken along with any health insurance policy as a complementary plan and used to pay for related expenses such as boarding, food and travel of family members or any other expense that is not covered under a basic health insurance policy. The claim will not be admissible until the insured has been hospitalised for at least two days. However, the daily cash benefit will be paid from day one of hospitalisation, if the claim is accepted.
Pros			This policy can be bought online. It provides a premium discount on selecting a 2-year policy term. Premium paid under this policy enjoys a tax benefit under Section 80D.
Our View			This policy is recommended only for those who have a basic health insurance policy. Comprehensive health insurance plans usually provide a separate coverage for accompanying expenses which makes it futile to buy hospital cash policy. An individual must assess the need for such a policy before making a purchase.
Eligibility
Entry Age (years)
Minimum		18; 2 years for children
Maximum		65; 21 years for children
Maximum Policy Renewal Age (years)		Life long renewal
Coverage Type		Individual / Family
Policy Term (years)		1/ 2
Sum Insured (Rs)
Maximum		Daily Cash Benefit of Rs 4000 (50% in case of children)
Minimum		Daily Cash Benefit of Rs 1000 (50% in case of children)
Free look Period		15 days
Grace Period for Policy Renewal		30 days
Policy Termination		Either of the insurer or ipolicyholder may cancel this policy by giving a 30 days notice period.
Customer Service
Address		Corporate Office: Max Bupa Health Insurance Company Limited, 2nd Floor, Salcon Ras Vilas D-1, District Centre, Saket, New Delhi 110017
Call to		1800 3010 3333 (toll free)
Network Hospitals		Http://www.maxbupa.com/customer-care/health-services/hospital-locator.aspx

 

	Scope of Cover
Daily cash benefit		Rs. 1000 to 4000 per day of hospitalisation for 45 days. Double cash benefit for ICU maximum upto 7 days

 

	Exclusions and Waiting Period
Pre-existing diseases		covered after 4 years of continuous policy renewal
No claim period		30 days from the policy start date
Waiting period		24 months for specific illnesses namely, surgery on tonsils/ adenoids, cataract, Hernia Sinusitis, Varicose veins etc.
Other exclusions		non allopathic treatment

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