Universal Sompo Hospital Cash Health Insurance

Hospital Cash Insurance Policy is a health plan that covers you and your family thereby providing them cash allowance in the event of hospitalisation. The policy comprises three sections namely hospital confinement benefit, intensive care benefit, and convalescence benefit. In the first section, there are 6 benefit options with benefit amounts ranging between Rs. 500 and Rs. 3,000 with maximum amount per policy period of between Rs. 90,000 and Rs. 5,40,000. In the second section, the amount chosen by you from the same benefit options will be doubled in case you or your family member is in ICU during the course of treatment. In the third section, a convalescence benefit of Rs. 10,000 will be payable under the policy in case the hospitalisation of you or your family member exceeds 21 days. Also note that the benefit will not be payable if the hospital cash period is 30 days or more, up to a maximum of 180 days.

You can purchase Hospital Cash Insurance Policy if you are aged between 18 years and 70 years, to cover himself or herself and his/her family, which may include legally wedded spouse, dependent children until 25 years of age, and dependent parents. You can buy the policy for 1 year, 2 years, or 3 years, as per your requirements and budget. Another policy highlight is that there is no requirement of pre-medical test, if you are aged at least 55 years. If aged more than that, you may have to undergo a few tests, at the listed centers of Universal Sompo General Insurance. The policy is renewable for lifetime, which means that you can keep renewing it for lifetime, provided there is no lapse.