Royal Sundaram Hospital Cash Health Insurance
Claim Settlement Ratio | 92% |
Network Hospitals | 10,000+ |
Pre-existing Disease Waiting Period | 3 years |
Special Benefits | Modern Treatments Such as Bariatric Covered |
Starting Premium for Rs. 5 lakhs SI | Rs. 382/month |
Starting Premium of Rs. 5 lakhs SI | Rs. 382/month |
About Royal Sundaram Hospital Cash Health Insurance
When it comes to hospitalisation, you don’t just have to bear the expenses of treatment, procedure, and room, but much more. The other expenses such as special diet, travelling to the hospital, staying in the hospital with the patient and so on, are also expensive and become an additional burden. These are the costs which escalate the possibility of financial crunch. Hence, Hospital Cash medical insurance plan is offered by Royal Sundaram, which is designed to provide a daily cash benefit to insured members for every completed 24 hours. This benefit is given for up to a maximum period of 180 days per policy period.
The medical insurance plan is available with the lifelong renewability option for people between the age of 1 year and 70 years, where the proposer should be within 18 years to 70 years. The plan allows the coverage of different family members i.e, spouse, children, and parents. In addition to this, a discount of 10% is allowed on the premium payable if 3 or more family members are covered under the same policy. The policy ends after 1 year of policy inception, if not renewed within the stipulated time. On the other hand, if someone opts for cancelling, the coverage premium would be refunded as per the grid short period scales.
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Key Inclusions and Exclusions of the Plan
What's Included
- Hospital confinement benefit
- Portability option is provided
- Family discount of 10% is given
- Coverage term of 1 year is offered
- Free look-in period of 15 days is available
What's Not Included
- Outpatient treatment charges
- Hormone replacement therapy
- Any treatment received outside India
- Any routine or preventative examinations
- Treatment of mental conditions, insanity, etc.
4963 Royal Sundaram Cashless Network Hospitals in India
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Royal Sundaram Hospital Cash Insurance Expert Review
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Major Attractions
The Hospital Cash Insurance Policy is stuffed with an abundance of benefits to deliver an easy treatment process. Following are major highlights of this plan:
- 1 year coverage term
- Hospital confinement benefit
- Family discount of 10% is given
- Free look-in period of 15 days is available
- Sum Insured from Rs. 500 to Rs. 3500 per day
- Premium is refunded on cancelling the coverage
- Sum Insured can be changed at the time of renewal
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What’s More?
Apart from these features and benefits of this plan, some other elements are there for which it is widely acknowledged. Some of them are:
- Portability option is provided
- A grace period of 30 days is offered
- Tax benefit as per the section 80D of IT Act
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Conclusion
The Hospital Cash Insurance Policy is a quite beneficial and affordable plan. The plan is committed to offer constant monetary help to policyholders and prevent the possibility of any financial crunch due to the expenses other than basic hospitalisation expenses. Go for this plan without giving any second thought.
You can opt for this plan online as well as offline. However, online purchase is always better and we would also recommend to buy this policy from InsuranceDekho which is one of the best health insurance brokers in the market. Buying the plan from insurancedekho.com will give transparency to complete policy detail, understanding of the plan, claim settlement assistance and so on.
Claim Process at Royal Sundaram Health Insurance
FAQs on Hospital Cash Insurance Health Insurance Plan
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What is the entry age for Hospital Cash Insurance Plan?
The age of entry under this policy is between 1 year and 70 years.
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What are the relations that can get covered under this plan?
The plan allows relationships such as spouse, dependent children and dependent parents.
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Is any discount delivered to policyholders under this policy?
Yes, a discount of 10% is allowed on the premium payable if 3 or more family members are covered under the same policy.
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What is the coverage term offered under this health insurance policy?
The coverage term of the Hospital Cash Insurance Plan is of 1 year.