Star Hospital Cash Insurance Policy

During a medical emergency, hospitalization charges are the major concern for the individual. Therefore, health insurance plans that include the cover for hospitalization would be the best option for you. You can take a look at the Star Hospital Cash Insurance Policy that gives you daily cash benefits if in case you are hospitalized. This plan is divided into two parts and they are Basic Policy and Enhanced Policy. You will get cash from the company to meet out day to day expenses of the hospital. No matter what is the reason for the hospitalization but your hospitalization expenses will be reimbursed by the company. So, you must take a look at the key features and benefits of this health insurance plan.

Key Features of the Hospital Cash Insurance Plan

1. Get daily cash during the period of hospitalization.
2. There are two options available in this plan and they are Basic Policy and Enhanced Policy.
3. You can take an individual plan and a floater plan.
4. Flexibility of choosing the Policy Term of up to 3 years.
5. There is a free-look period of 15 days in this policy.
6. You will get a grace period of 30 days for the renewal.
7. Enjoy Tax benefits under Section 80D of the Income Tax Act.
8. This company provides you a direct in-house settlement.
9. There are more than 9900 network hospitals of Star Health Insurance.

Benefits of Hospital Cash Insurance Policy

Now, you must explore the various benefits of this insurance policy and see the hospitalization expenses that are covered under it.

Daily Cash Benefit per Day

You can choose the amount of the hospital daily cash that you are willing to receive during hospitalization. Basic Plan and Enhanced plan have different
hospital daily cash options and you can see them below.

1. The hospital cash amount per day will be Rs.1000, Rs.2000, and Rs.3000 in the Basic Plan.
2. The hospital cash amount per day will be Rs.3000, Rs.4000, and Rs.5000 in the Enhanced Plan.

Long Period Coverage

This plan allows you to choose the number of days that will be covered in this plan. It simply means that you will receive hospital daily cash for the number of days you have chosen at the time of the inception of the policy.

1. Basic Plan includes the coverage option for 30 Days, 60 Days, 90 Days, 120 Days, and 180 Days.
2. Enhanced Plan includes the coverage option for 90 Days, 120 Days, and 180 Days.

Hospitalization Due to Sickness

If in case you are hospitalized due to any sickness then you will receive hospital daily cash for the number of days that you have decided at the time of inception of the policy. One day deduction is applicable in the Basic Plan but there will be no deduction in the Enhanced Plan.

Hospitalization due to an Accident

If in case you are hospitalized due to an accident then you will receive up to 150% of the hospital daily cash for the number of days that you have chosen at the time of inception of the policy.

ICU’s Expenses Coverage

The company will give you up to 200% of the Hospital Daily Cash as a reimbursement of the ICU Charges in the Star Hospital Cash Insurance Plan. You will receive hospital daily cash for up to 30 days in an individual plan and up to 90 days in the floater plan.

Convalenscence Hospital Cash

This benefit is only available in the Enhanced Plan. If the hospitalization period exceeds 5 days then the company will give one-day extra hospital cash as the Convalenscene Cash Benefits.

Child Birth Hospitalization Cash

You are allowed to enjoy this benefit only in the Enhanced Plan option. This benefit has a waiting period of 2 years and only female members are eligible to enjoy this benefit.

Global hospitalization Cash

You will receive 200% of the Hospital Daily Cash if in case you are hospitalized outside India for the treatment of injury or illness. This benefit is only available in the Enhanced Plan option.

Eligibility Criteria of Star Hospital Cash Insurance Policy

Waiting Period of this Health Plan

1. There is an initial waiting period of 30 days in this insurance policy other than accidents.
2. A waiting period of 24 months is applicable to the treatment of the specified illnesses.
3. There is a waiting period of 36 months for a pre-existing disease in the Basic Plan.
4. There is a waiting period of 24 months for a pre-existing disease in the Enhanced Plan.