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Health Insurance 901 views June 4, 2021
Sudden illnesses or accidental bodily injuries can make you financially stressed. To take care of their finances in medical emergencies, people choose the Navi COCO HospiCash Plan. This HospiCash plan from Navi General Insurance protects you and your family from the increased expenses during hospitalization.
Before going any further, let’s look at the key features of the Navi COCO HospiCash Plan mentioned below.
On this page, you can understand these benefits in detail as we will discuss the same. Without any further delay, let’s start!
Table of Contents
You can check the prominent features of the HospiCash plan from Navi General Insurance mentioned below.
Policyholders can choose from three different plans according to their needs – Basic, Essential and My Coco HospiCash Plan. Under these plans, you can choose a maximum number of hospitalization days per year according to your needs. The options are 5/10/15/20/30/60/90/180 days.
The number of ICU days will depend on the chosen number of hospitalization days. To know more, check the below table.
Total Hospitalization Days Chosen | Maximum eligibility of ICU days (included in total hospitalization days) |
---|---|
5 | 5 |
10 | 10 |
15/20/30/60/90/180 days | 15 |
Under the Navi COCO HospiCash Plan, individuals can choose the daily benefit amount according to their needs. It ranges from INR 100-1,000 (in multiples of INR 50) and INR 1,000- ,000 (in multiples of INR 1,000).
Under the accidental death benefit, the sum insured amount can range from INR 50,000-20 lakh.
Policyholders can choose from different policy term options according to their needs – 1, 2 or 3 years. You can get discounts of 8% and 15% on plans with 2 and 3-year policy terms, respectively.
Also, if you are an existing customer of Navi General Insurance Limited, you will get a 5% discount on the purchase of the new policy.
If an insured person needs to get hospitalized due to sickness or accident, the policy will pay a daily benefit amount for each day spent at the hospital up to a limit. The daily benefit amount will be as follows.
For Normal Room – Daily Benefit amount x Number of days hospitalized
For ICU Room – Twice the daily benefit amount x Number of days hospitalized
Policyholders will also get a daily benefit cash amount if an insured person needs to undergo any of the 393 listed day care procedures (treatments that require less than a 24-hour hospitalization period).
If an insured person suffers an illness or accident (during the policy year) that needs hospitalization for more than 10 days, HospiCash Plan will offer a lump sum amount towards your recovery. This amount will be ten times your daily benefit amount.
The policy pays the daily benefit amount towards the hospitalization for childbirth during the policy year for the number of days the insured person is admitted. This benefit does not apply to male policyholders and will be payable for the first two children only.
The insured person will get an amount equal to the daily benefit amount towards parent/companion accommodation up to 10 days for each policy term if the policyholder needs hospitalization (due to illness or accident) for more than three days.
If a policyholder dies due to bodily injuries arising from an accident during the policy term, the nominee will get the coverage amount. Also, the death should happen within twelve months from the date of the accident to be eligible for the payout.
We are showing some points related to the eligibility criteria of the Navi COCO HospiCash Plan below. Please check!
Policyholders will not receive benefits in the following situations. Do check!