Bajaj Allianz Hospital Cash Daily Allowance Health Insurance

The Hospital Cash Daily Allowance Policy tends to deliver a beneficial and significant healthcare cover to its policyholders. It gives attractive features and abundant coverage, to keep helping its customers. Here are some components that make this policy value for money product:

• Lifelong renewability option is offered
• A grace period of 30 days is permissible
• Benefits are payable for each day of hospitalisation
• Sum Insured enhancement can be done at renewals
• Sum insured amount is offered for up to Rs. 2,500 per day
• 5% family discount is given for covering 2 or more family members 
• Benefit is doubled in case of ICU admission for a maximum of 7 days

The Hospital Cash Daily Allowance Policy provides a bunch of profits by offering varied features and benefits. In addition to such elements, the inclusion of several other beneficial components enables this plan to prevent you from facing financial crisis during the hospitalisation, especially when you need monetary assistance on daily basis to safeguard yourself. Here are some of those features:

• In-house claim administration
• The option of portability is available
• Tax benefits can be gained on the premium
• Free Look Period option is given to cancel the policy within 15 days

Going through the features and benefits of this plan can help in concluding it as a perfect choice for daily cash insurance plan seekers. The policy offers a wide range of plan cover to its policyholders by offering a handsome amount of sum insured and delivering it on per day basis. 

It is not feasible every time for everyone to buy a policy offline as it involves too much paperwork, travel and time consumption. Therefore, it is advised to opt for this health plan from a reliable insurance website i.e., insurancedekho.com. It will assist you in getting all the information about the plan easily and attaining the claim as well. 

This health insurance policy offers coverage to people from the age of 18 years to 65 years. Whereas, the children can get coverage from the age of 91 days to the age of 21 years.

This policy allows the coverage of relations such as spouse and children, apart from the proposer. 

Yes, Bajaj Allianz may cancel this insurance by giving you at least 15 days written notice. If no claim has been made, then you will get a refund of pro-rata premium for the unexpired policy period. Under normal circumstances, the policy will not be cancelled, except for reasons of non-disclosure while proposing for insurance and lodging any fraudulent claim. Whereas, policyholders can also cancel this insurance by giving a written notice of at least 15 days to the insurance company. If no claim has been made, then they are eligible to get a premium refund for the unexpired policy period as per the specified rates. 

Yes, under normal circumstances, lifetime renewal benefit is available under the policy, except on the grounds of fraud, misrepresentation or moral hazard.

Yes, a 5% family discount is applicable, if 2 or more family members are covered under the same policy. This family discount will be offered for both new policies as well as for renewal policies.

Under this plan, the sum insured enhancement can be done at renewals. For enhancement of the sum insured, fresh proposal form along with the renewal notice should be submitted.

There are basically three key elements under this plan that comprise of:

• The benefits payable are for each day of hospitalisation
• The sum insured amount is offered for up to Rs. 2,500 per day
• The benefit is doubled in case of ICU admission for a maximum of 7 days

The photocopy of discharge card, along with copies of reports, bills and prescriptions corresponding required for claims processing.

Yes, the tax benefit can be gained under this plan on the premium paid as per section 80D of the Income Tax Act 1961.