Hospital Daily Cash Insurance

Hospital Daily Cash Insurance gives you a daily benefit for every 24 hours of hospitalisation. The coverage commences after the first 24 hours of admission, if the reason for hospitalisation is not falling under exclusion in the Policy. The cash benefit, depending on the plan, ranges from ₹ 500/day to ₹ 2000/day for up to 30 or 60 days.

Other benefits of the policy are

• Double Accident Benefit if the person is hospitalised due to an accident for maximum 5 days
• Double Accident Benefit if the person is hospitalised in an ICU for maximum 7 days
• Triple Accident Benefit or INR 5000 whichever is less of cash benefit upon completion of 10 consecutive days of hospitalization in a single admission for convalescence

Health Insurance policy reimburses inpatient hospital bills. Hospital Daily Cash offers you fixed daily benefits, per 24 hours spent in hospital. This is aimed in covering the incidental expenses during hospitalisation which are normally not covered under health insurance. Hospital Daily Cash Insurance is NOT a substitute of Health Insurance. Rather it acts as a supplement.

An excess equivalent to the first 24 hours Hospitalization benefit will be levied on each and every Hospitalisation during the Policy Period.

Anyone in the age group of 18- 65 years can buy this policy. Children can be covered after 90 days if either of the parents are concurrently insured with us

There is a waiting period of 30 days before you can claim under this policy.

Minimum Benefit Amount is ₹ 500/day and Maximum Benefit Amount is ₹ 2, 000/day. However, the Maximum Benefit would be restricted to ₹ 500/per day with maximum coverage of 30 days for Insured aged 60 and above and taking a policy with us for the first time.

You can buy a maximum 30 days or 60 days of hospitalisation plan and choose the daily cash benefit from ₹ 500/day to 2000/day under this policy.

Pre-acceptance Health check is not mandatory for people who are less than 45 years old and without any history of illness. Insured’s with following condition, acceptance of proposal is subject to a satisfactory medical examination as per SBI General’s requirements:

• Insured with adverse medical history as declared in Proposal Form or,
• Insured aged above 45 years & irrespective of SI.

The cost of Pre-acceptance medical tests has to be borne by the proposer. However, if the proposal is accepted by Us, we will reimburse 50% of the cost incurred towards the medical tests so undertaken at our advice.

Yes, free look option is available in this policy.

Any condition, aliment or injury or relation condition(s), for which the insured had signs or symptoms and/or diagnosed and/or received medical advice/treatment prior to the inception of the policy. Pre existing diseases are permanently excluded from coverage in this policy.

Portability is applicable only within similar products. In this case you can port your existing Hospital Daily Cash policy into this policy.

Deduction u/s 80 D of income tax act is available from taxable income for premium paid towards health insurance

• For self, spouse and dependent children - Maximum ₹25000/-
• For Parent(s)- Maximum ₹25,000/-
• In case Parent(s) are resident senior citizen- Maximum ₹30,000/-

However, please note that tax benefits are subject to change in tax laws.

No, Hospital Daily Cash Insurance does not cover hospitalisation due to maternity

No. Hospital Daily Cash Insurance does not cover expenses due to day care treatment.

You may go ahead and purchase Hospital Daily Cash Insurance. However, your pre-existing diseases like BP (Hypertension) and any heart, kidney and circula