Liberty Hospital Cash Insurance Policy: Benefits, Premium & Coverage

Liberty Hospital Cash Insurance Policy

Liberty Hospital Cash policy covers unaccounted expenses resulting from an accidental or sickness hospitalization that are mostly excluded by regular health insurance plans. It provides financial support to the policyholder to reduce out of pocket expenses incurred during hospitalization.

Liberty Hospital Cash Policy Overview

Liberty Hospi-Cash Connect policy provides a fixed daily hospital cash benefit to the insured during hospitalization. It offers twice the daily hospital cash benefit amount in case of accidental hospitalization and ICU admission. It offers a recovery benefit if hospitalized for more than 15 days. It also provides a lump sum benefit in case of minor and major surgical procedures if a threshold limit is crossed.

The Liberty Hospital Cash policy offers a sum insured ranging from Rs 2 lakh to Rs 10 lakh. It provides coverage for a maximum of 30 hospital cash days.

The Liberty Hospi-Cash Connect policy also comes with Flexi covers, which allows the insured to customize the coverage as per his/her preference. The covers include critical illness benefit, day care procedure cash and convalescence benefit amongst others.

Liberty Hospital Cash Policy Eligibility Criteria

Criteria	Specifications
Minimum Entry Age	18 years 91 days (children)
Maximum Entry Age	65 years 18 years (children)
Plans Offered	Sure, Sure Optima, Sure Ultima, Sure Supreme, Sure Excel
Coverage	Individual/Family
Hospital Cash Amount/ Sum Insured	Rs 2/3/4/5/7.5/10 lakh Rs 10 to 15 lakh (in case of Hospital Cash Flexi)
Number of Hospital Cash Days	30 days
Pre-policy health check-up	Not required in case of no medical history
Policy Term	1 year/ 2 years/ 3 years
Pre-existing diseases waiting period	3 years
Renewability	Lifelong
Discounts	Family discount, loyalty discount, long term policy discount, Direct policy purchase discount

Key Features of Liberty Hospital Cash Policy

Here are the key features and benefits of Liberty Hospi-Cash Connect policy:

It provides a hospital cash allowance for every day of hospitalization.
It provides double accident benefit and ICU benefit.
It comes with a one-time recovery benefit.
It provides lump sum benefit for minor & major surgical procedures.
It comes with the Hospital Cash Connect Flexi plan with the option to customize policy coverage.
It covers pre-existing diseases from first renewal in case of 3 years policy tenure.
It provides tax benefits under the Income Tax Act, section 80D.

Inclusions of Liberty Hospital Cash Policy

The Liberty General Insurance Company provides the following coverage under the Hospi-Cash Connect policy:

Daily Hospital Cash- Offers daily cash allowance in case of hospitalization due to an illness
Daily Hospital Cash - Accident- Offers daily cash benefit if hospitalized due to an accidental injury
Double Accident Benefit- Offers twice the daily hospital cash benefit amount if hospitalized due to an accidental injury for more than 3 days
Double ICU Benefit- Offers double the daily cash benefit amount if admitted to an ICU
Recovery Benefit- Offers a one-time lump sum benefit equivalent to five times the hospital cash benefit amount if hospitalized for more than 15 consecutive days
Special Care on Minor Surgeries- Offers a one-time fixed benefit equivalent to three times the hospital cash benefit amount if incurred more than Rs 50,000 on minor surgical procedures
Special Care on Major Surgeries- Offers a one-time lump sum benefit equivalent to five times the hospital cash benefit amount if incurred more than Rs 2,00,000 on major surgical procedures
Restore Benefit- Provides restoration of the sum insured if it has been exhausted during the policy year

Optional Covers:

Flexi Cover - Offers the option to choose policy covers, including double ICU benefit, day care procedure cash, convalescence benefit, recovery benefit, etc.
Wellness Program- Offers coverage, such as emergency medical evacuation, compassionate visit, medial consultation, evaluation & referral, etc.

Exclusions of Liberty Hospital Cash Policy

The following medical expenses are not covered under the Liberty Hospi-Cash Connect policy:

Cosmetic surgery/ plastic surgery
OPD treatment
Self-inflicted injury, including suicide or an attempt to suicide
HIV AIDS
External congenital anomaly
Alternative treatment
Abuse of intoxicating substances, such as alcohol and drugs
Pregnancy and infertility treatments
Injuries due to participation in hazardous sports
Treatments taken outside India

The above list of exclusions is not exhaustive. Check out the complete list by referring to the Liberty Hospital Cash policy brochure.

FAQs

Q. Is there any waiting period Qunder the Liberty Hospital Cash policy?
Yes. The Liberty Hospi-Cash Connect policy comes with the following waiting periods:
- Initial waiting period - 30 days
- Critical illnesses - 90 days
- Specific illnesses - 12/24 months
- Pre-existing diseases - 36 months
Q. Can I lower my daily hospital cash limit under the Liberty Hospital Cash policy?

Yes. You can lower your daily hospital cash limit if you opt for the ‘Special Limit’ cover under Hospi Cash Connect Flexi.
Q. How can I lower my Liberty Hospital Cash policy premium?
You can lower the premium for your Liberty Hospi-Cash Connect policy with the help of the following discounts:
- Family discount - 5%, 7.5% and 10% savings on premium if two, three and four & above family members are covered under the same policy respectively
- Loyalty discount - 5% savings on premium in case of an existing Liberty insurance policy
- Long term policy discount - 7.5% and 10% savings on premium in case of 2 and 3 years policy tenure
- Direct policy purchase discount - 10% savings on premium if the policy is purchased directly through Liberty General Insurance Company online or offline
Q. Can I change my sum insured under my Liberty Hospital Cash policy during policy tenure?

No. You can change your sum insured under the Liberty Hospital Cash policy only during policy renewal.
Q. Does Liberty Hospital Cash policy comes with a free look period?

Yes. The Liberty Hospital Cash policy comes with a free look period of 30 days.

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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