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Health Insurance 585 views April 24, 2021
Bharti AXA Life Hospi Cash Rider Plan is a non-linked, regular pay hospital and surgery cash rider that provides you extra coverage in case you get sick or injured during the policy tenure. Key benefits of this rider plan are as follows –
Read this page further and know more about the benefits of the Bharti AXA Life Hospi Cash Rider Plan.
Table of Contents
If you opt for this rider and get hospitalized due to an illness or injury during the policy tenure, the insurer will provide you the following cash benefits –
A fixed cash benefit is payable for each day of hospitalization, provided it is for a minimum of 48 hours. Bharti AXA Life Hospi Cash Rider Plan daily cash benefit is not linked to the actual expenses incurred during hospitalization. The per-day hospital cash benefit is as follows –
The Daily Hospital Cash Benefit is payable up to 40 days in a policy year.
A cash benefit is payable for each day of hospitalization in ICU, provided the hospitalization is for a minimum of 48 hours. This is a fixed amount and not linked to the actual expenses incurred during hospitalization. The per-day hospital cash benefit for ICU is as follows –
The Intensive Care Unit (ICU) Benefit is payable up to 10 days in a policy year.
If the surgery is performed during hospitalization, and the hospital stay is for a minimum of 48 hours, the insurer will pay a lump sum amount. If you have undergone more than one surgery during a single admission, a lump sum in respect of the surgical procedure attracting the highest benefit shall be paid to you. The lump sum amount may be as per the plan chosen by you –
For surgeries involving – brain, heart, liver & lung, the Surgical Hospitalization Benefit is –
For minor surgeries, the Surgical Hospitalization Benefit is –
Note – The maximum Surgical Hospitalization Benefit is 90X the Daily Hospital Cash Benefit.
You can purchase this rider cover if you meet the following eligibility criteria –
This rider policy term is 5, 7, 10, 15 and 20 years. You can choose the premium payment frequency for your plan from the following –
Bharti AXA Life Hospi Cash Rider Plan premium payment term is regular, and there are no maturity or death benefits payable under this plan.
The insurer is not liable to pay if the hospitalization occurs during the first 60 days of the policy commencement date or revival date. However, the waiting period does not apply to hospitalization arising out of accidents.
Bharti AXA puts a specific waiting period of 2 years for the treatment of the following diseases, surgeries or procedures –
You’ll not get hospital cash benefit if you are hospitalized due to the following –
If you are medically sane or insane and commits suicide within one year of the policy issuance or revival date, the company won’t pay any rider benefit to the nominee/beneficiary.
Important Note – The sum of all benefits payable under Bharti AXA Life Hospi Cash Rider Plan shouldn’t exceed 150X the Daily Hospital Cash Benefit.