Friday, February 22, 2013

Hospital Cash Insurance from Royal Sundaram

Hospitalisation of a loved one can drain your savings. While Health Insurance helps you take care of hospital bills, there are several other expenses incurred during hospitalisation such as charges for patient's diet, patient's attender's lodging, money spent on commuting from home to hospital and back.

In such a scenario, Hospital Cash, as a supplement to your Health Insurance Policy, can help you financially.

Who can be insured?

The cover is available for self, spouse, dependent parents, dependent children from the age of 1 year to 60 years and the policy can be renewed up to 70 years of age. You can insure all your family members – dependent parents, children and spouse who are in the age group of 1 year to 60 years and the Policy can be renewed till member turns 70 years of age.


You can get a discount of 10% on total premium if you cover 3 or more family members under the same Policy.

Income Tax Benefit

You can claim a benefit  – under section 80 D of Income Tax Act, 1961.

The policy provides daily cash benefits for the following conditions

Emergency admission (Triple Cash Benefit if admitted to ICU).

Accident (Double Cash Benefit if admitted due to accident).

Medical treatment (If the reason for hospitalisation is covered by the Policy. Please refer the Terms and Conditions or FAQs page for more information about coverage).



Key Benefits

  • Instant Policy, No documentation or Medical Test.
  • Renew policy anytime, anywhere with InstaRenew.
  • Dedictaed Customer Services Helpline – 1860 425 0000.
  • Facility to chat online for information.
  • Easy, ISO certified Claims process.
  • Instant coverage, within 5 minutes .
  • Store and access your medical records online from your account.

Exclusive Features of Royal Sundaram Hospital Cash Insurance

  • Daily benefit from Rs. 500 to Rs. 1000 per day of hospitalisation exceeding 24 hours, for up to 180 days.
  • Cash benefit up to Rs. 1000/- per day of hospitalisation, for up to 180 days.
  • Cash benefit up to Rs. 2,000 per day of hospitalisation for up to 21 days, if hospitalisation is due to an accident.
  • If the person is admitted to ICU, cash benefit is tripled up to Rs. 3,000 per day of admission into ICU (Intensive Care Unit) for up to 21 days in excess of first 24 hours.
  • If hospitalisation exceeds 21 days, a lump sum of up to Rs.7,500/- to Rs. 15,000/ will be paid to family member under Convalescence Benefit, once during the Policy period.
  • This cover is applicable for 180 days during the policy tenure.
  • The benefit will be paid to the proposer, once we receive the duly-filled Claim Form supported by required documents and the claim is found admissible, as per the plan.


Additional Features

  • Income Tax benefits under section 80 D of Income Tax Act, 1961.
  • Discount of up to 10% on insuring 3 or more family members.


Plan and Premium

Royal Sundaram Hospital Cash offers a daily cash benefit on hospitalisation (exceeding 24 hours)  from Rs. 500 per day to Rs. 1000 per day, for a period of up to 180 days. Hospital Cash  is available in 2 plans – Gold and Silver. You can cover yourself, spouse, dependent children and parents. 

You can get a family discount of 10% for covering 3 or more members.



Illness Hospital ConfinementRs 500 per dayRs 1,000 per day
Accident Hospital ConfinementRs 1,000 per dayRs 2,000 per day
Intensive Care BenefitRs 1,500 per dayRs 3,000 per day
Convalescence BenefitRs 7,500 lump sumRs 15,000 lump sum


1 year to 45 years8001,500
46 years to 60 years1,2002,300
61 years to 70 years 
(Applicable for renewals only)

Premium (Inclusive of 12.36% ST)


Difference between Hospital Cash Policy and Health insurance policy


Hospital Cash Insurance is daily cash benefit plan. It offers financial relief from your miscellaneous expenses that are not covered even by a regular health insurance.


Hospital Cash Insurance Vs Health Insurance

While a Health Insurance policy covers the medical treatment costs, hospital cash supplements the Health Insurance policy by providing cash benefit for:

Special diet expenses of the patient

To and fro conveyance from hospital and back

Extra bed for person staying with the patient


Benefit from Hospital Cash Insurance

Your Hospital Cash Insurance premium is eligible for tax deduction as per Section 80D of Income Tax.


Are you eligible for Hospital Cash Insurance?

The age limit at entry is 1yr to 60 yrs at the starting date of the Policy. You can renew your policy up to 70 years of age.

It covers Self, Spouse, Dependant Children and Dependant Parents.

Hospital Cash Insurance also provides daily benefit for hospitalization due to terror attacks.


Frequantly Asked Questions


What is Hospital Cash Insurance? 

Hospital 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 Rs. 500/day to Rs. 1000/day for up to 6 months. Other benefits of the policy are

Double Accident Benefit – Cash benefit is doubled if the person is hospitalised due to an accident for 21 days

Triple Accident Benefit – Cash benefit is tripled if the person is admitted to ICU (Intensive Care Unit)

Lump sum cash benefit – A lump sum amount, as per your Policy, will be paid if the hospitalisation exceeds 21 days

Double and Triple benefits are applicable only after 24 hours hospitalisation.


How is Hospital Cash Insurance different from Health Insurance ?

Health Insurance reimburses inpatient hospital bills. Hospital 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 Cash Insurance is NOT a substitute of Health Insurance. Rather it acts as a supplement.


What is age limit for availing Hospital Cash Insurance?

You can insure all family members in the age group – 1 year to 60 years. Renewal is applicable till 70 years of age. The age of proposer should be at least 18.


What is the procedure to make a claim?

To make a Claim, inform our customer support about hospitalisation. We will forward you the Claim Form. You can also download it from our website.

You need to submit the duly filled Claim Form with requisite documents within 10 days from the date of discharge.


If a family member covered by the Insurance is hospitalized, to whom will the benefit be paid?

Payments shall be made to the Proposer.


How will the cash be paid? How frequently will it be paid?

This Insurance plan includes cash benefit. The payment will be made by way of cheque for period of hospitalisation found admissible after we receive the Claim Form, which is to be submitted within 10 days after discharge. Convalesence benefit, if applicable shall also be paid along with the claim settlement.


If I am hospitalised on 10th June and discharged on 20th June, how many days will be covered by the Policy?

Every completed 24 hours shall be counted as a day. Hence the time of admission and time of discharge are crucial to decide on count of days for claim settlement. If you had got admitted at 5 p.m on 10th June and got discharged at 10 a.m on 20th June, then 9 days of hospitalisation shall be considered for claim admissibility.


Do I need a Health Insurance Policy to avail Hospital Cash Insurance?

No, you need not have a Health Insurance Policy to avail Hospital Cash Insurance. However it is prudent to cover your loved ones and let not medical expense affect your savings.


I already have a Health Insurance Policy with another Insurance company. Can I avail Royal Sundaram's Hospital Cash Insurance?

Yes, you can.


Will Hospital Cash Insurance cover maternity?

No, Hospital Cash Insurance does not cover maternity.


What are the exclusions for Hospital Cash Insurance's cash benefit?

A few important exclusions are  

  • Pre-existing diseases
  • Disease contracted during the first 30 days of commencement of policy
  • Certain treatment/diseases/procedures during first year of policy such as: Congential Internal Diseases, Cataract, Benign Prostatic Hypertrophy Hysterectomy, Knee / Hip Joint replacement            These are covered from subsequent renewals
  • Pregnancy and related complications 
  • Plastic surgery or any surgery undertaken for aesthetic purpose
  • Suicide or any damage inflicted to self
  • Treatment of obesity or other weight control programs
  • Hospitalisation in an Ayurvedic/Homeopathic hospital

For more detailed information about the coverage and exclusions, please refer the Terms and Conditions of the Policy.


Do I have to undergo any medical tests to avail the Policy?

No, you can get yourself and your family covered under this scheme without any medical check-up up to 50 years.


I travel abroad frequently. Will this policy give daily cash benefits overseas?

Hospital Cash Insurance covers treatment availed only in India. To get medical benefits when you travel abroad, please explore Royal Sundaram Travel Insurance.


Is there any other benefit of availing Hospital Cash Insurance?

Yes! You can get a relief on your Income Tax under section 80 D, Income Tax Act 1961.


While my Health Policy covers day care treatment, will Hospital Cash covers the same? 

No. Hospital Cash Insurance does not cover day care.


If I already have BP and wish to avail Hospital Cash Insurance, how can I go about it?

You may go ahead and purchase Hospital Cash Insurance. However, your pre-existing diseases like BP (Hypertension) and any heart, kidney and circulatory disorders are not covered under this policy.


If I wish to cancel my Policy, will I get a refund for the same?

If for any reason you wish to opt out of the Insurance, the premium for the period at risk shall be retained as per the short period rates and balance shall be refunded. No refund shall happen on policies where a claim is notified or settled. Please refer to our Terms and Conditions page for more information on this.

Click here to download the Policy Terms and Conditions of Hospital Cash Policy.

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4.5 out of 5 stars Reviewer:adminFebruary 05, 2021