Health Insurance 227 views June 4, 2021

Navi COCO HospiCash Plan

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.

  1. Flexible sum insured options
  2. Availability of multiple plans
  3. Sickness Hospital Cash
  4. Accidental Hospital Cash
  5. Day Care procedure cash
  6. Maternity benefit
  7. Accommodation benefit
  8. Accident Double cash
  9. International emergency benefit
  10. Tax benefits on premiums paid under Section 80D of the Income Tax Act, 1961
  11. A 15-day free look period

On this page, you can understand these benefits in detail as we will discuss the same. Without any further delay, let’s start!

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Let’s Discuss the Features and Benefits of Navi COCO HospiCash Plan in Detail

You can check the prominent features of the HospiCash plan from Navi General Insurance mentioned below.

Multiple Plan Options

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 ChosenMaximum eligibility of ICU days (included in total hospitalization days)
55
1010
15/20/30/60/90/180 days15

Flexible Sum Insured Options

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.

Policy Period and Discounts on Premiums

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.

Sickness and Accident Hospital Cash

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

Day Care Procedures Cash

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).

Convalescence Benefit

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.

Maternity Benefit

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.

Accommodation Benefit

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.

Accident Death Benefit

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.

Navi COCO HospiCash Plan Eligibility Criteria

We are showing some points related to the eligibility criteria of the Navi COCO HospiCash Plan below. Please check!

  1. The minimum and maximum age at entry under this policy stand at 91 days and 65 years, respectively.
  2. For dependent children, the maximum entry age can be 25 years.

What is Not Covered Under the Plan?

Policyholders will not receive benefits in the following situations. Do check!

  1. Self-inflicted injuries or attempted suicide
  2. Breach of law
  3. Chemical & Nuclear Exposure
  4. War or warlike events
  5. Alcohol and drug abuse
  6. Birth control expenses and Reproductive treatment
  7. Cosmetic surgery and Circumcision (unless necessary and advised by a medical practitioner)
  8. Dental Treatment or Surgery
  9. Dangerous Acts (Adventure/Professional Sports/Defense Operation)
  10. Experimental or unproven treatment
  11. External Congenital Conditions
  12. Gender Identity/Sexual Dysfunction
  13. Non –Allopathy Treatment

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