SBI Hospital Daily Cash Health Insurance
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Claim Settlement | Dedicated Team |
Claim Settlement Ratio | 66.08% |
COVID-19 Cover | Yes |
Network Hospitals | 6,000+ |
Policies Sold | 7,56,443 |
Renewability | Lifelong |
About SBI Hospital Daily Cash Health Insurance
Health costs put stress during hospitalisation due to an illness/injury or accident, especially when your traditional medical insurance fails to cover all the medical expenses. Therefore, SBI General has introduced a Hospital Daily Cash Plan, that provides policyholders with added protection and provision for the expenses that are generally not covered under health insurance policies. This plan of SBI General lets you earn a fixed benefit for each day of hospitalisation regardless of the actual medical cost.
The Hospital Daily Cash has been designed to take care of additional expenses like travel, food, etc. These expenses are usually not covered under the basic health insurance policy. But the Hospital Daily Cash can cover these expenses as well. And this policy comes with flexible plan options – Rs. 500/day to Rs. 2000/day for up to a maximum of 30 or 60 days. The entry age to buy this policy is from 18 years to 65 years. The policy also covers children from the age of 90 days provided that both the parents are concurrently covered. The Hospital Daily Cash cannot be purchased online and is only available offline.
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Key Inclusions and Exclusions of the Plan
What's Included
- The maximum payable benefit is 30-60 days as mentioned in the policy document
- Twice the hospital daily cash benefit for hospitalisation due to an accident/injury
- Twice the hospital daily cash benefit for continuous 24 hours of hospitalisation in ICU
- Thrice hospital daily cash benefit or Rs. 5,000 for 10 consecutive days of hospitalisation
- Hospital daily cash benefit for each continuous 24 hours of hospitalisation
What's Not Included
- Diseases like cataract, hysterectomy to be covered after a waiting period of 2 years
- All expenses for AIDS/HIV and related diseases are permanently excluded
- Use or abuse of drugs or alcohol or other substances and treatment for de-addiction
- Treatment for any mental illness, disease, psychiatric or psychological disorders
- Surgeries like hernia, hydrocele, etc. to be covered after 1 year of waiting period
17100 SBI Cashless Network Hospitals in India
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SBI Hospital Daily Cash Expert Review
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Major Attractions
When you choose Hospital Daily Cash policy by SBI General Insurance, you choose peace of mind as well as great financial help. With this policy by your side, you won’t have to remain concerned about expenses other than the actual medical cost. A smart investment, the policy can actually be of immense help and allow you to avail tension-free medical treatment, without compromising on its quality.
- Fixed benefit for each day
- Enhanced coverage
- Covers additional expenses (not covered under regular health insurance policies)
- Flexible coverage options – 30 days & 60 days coverage
- Daily cash benefit of up to Rs. 2,000 per day of hospitalisation
- Daily cash benefit of up to Rs. 4,000 per day of accidental hospitalisation
- Daily cash benefit of up to Rs. 4,000 per day of ICU hospitalisation
- Fixed sum of up to Rs. 5000 to take care of convalescence expenses
- 4 options to select in terms of daily benefit amount – Rs. 500, Rs. 1,000, Rs. 1,500 and Rs. 2,000
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What’s More?
SBI General’s Hospital Daily Cash policy is a boon that handles incidental expenses that may not be that huge, but matter a lot to the insured. Other than covering significant expenses, the policy comes up with crucial aspects that make it complete. Some of the key features that enhance the value of Hospital Daily Cash Policy include -
- No exit age
- Grace period of 30 days
- Easy policy portability
- Free look period of 15 days
- Tax benefits under Section 80D of the Income Tax Act, 1961
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Conclusion
All in all, Hospital Daily Cash is the ultimate supplement to health insurance policies you can ask for. Contrary to what most people believe, investing in this policy is nowhere unnecessary as it helps you tackle expenditure that impact the financial stability in a drastic manner.
If willing to invest in a Hospital Daily Cash Policy, it is advisable to visit the branch of SBI General Insurance, as this policy is not available online. However, you can choose InsuranceDekho as the initial platform to gain detailed knowledge about the policy before buying the policy offline.
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Claim Process at SBI Health Insurance
FAQs on Hospital Daily Cash Health Insurance Plan
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Dose the SBI General’s Hospital Daily Cash insurance provide coverage for daycare treatment?
No, the daycare treatment is not covered by the Hospital Daily Cash insurance plan of SBI General.
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Is the hospitalisation due to maternity covered under the Hospital Daily Cash insurance policy?
No, Hospital Daily Cash insurance does not provide coverage for hospitalisation due to maternity.
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Is the tax benefit available under the Hospital Daily Cash policy?
Yes, you can save tax by choosing the Hospital Daily Cash policy. The benefit is available u/s 80D of the Income Tax Act.
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Is the portability feature available for the policy?
The portability feature is available. But, it is only possible within similar products, i.e. you can port your existing Hospital Daily Cash policy into the SBI General’s Hospital Daily Cash policy.