Max Bupa Hospital Cash Insurance Policy: Benefits, Premium & Coverage

Max Bupa Hospital Cash Insurance Policy

Max Bupa Hospital Cash insurance provides coverage for miscellaneous expenses incurred by the insured during hospitalization. It supplements the regular health insurance policy to cover incidental hospitalization expenses, such as attendant lodging, nursing expenses, transportation cost, etc. and relieves the policyholder from the financial burden.

Max Bupa Hospital Cash Policy Overview

Max Bupa Health Assurance HospiCash cover provides a daily cash allowance to the insured for each day of hospitalization due to an illness or accident. If the insured is admitted to the Intensive Care Unit (ICU), he/she will get double the daily hospital cash amount under the policy. In case dependent children are covered under the same policy, they will be paid 50% of the daily cash benefit amount opted by the policyholder during hospitalization.

The Max Bupa Hospital Cash policy comes with a hospital cash amount of Rs 1000/2000/3000/ 4000 per day. It offers coverage for a maximum of 45 days per policy year. However, the insured should be hospitalized for at least 48 hours to activate the policy.

The policyholder can also add CritiCare cover and AccidentCare cover to the HospiCash cover under the Max Bupa Health Assurance policy.

Max Bupa Hospital Cash Policy Eligibility Criteria

Criteria	Specifications
Minimum Entry Age	18 years 1 day (children)
Maximum Entry Age	65 years 21 years (children)
Coverage	Individual
Hospital Cash Amount	Rs 1000/2000/3000/4000 per day
Number of Hospital Cash Days	45 days
Policy Term	1 year/ 2 years/ 3 years
Pre-existing diseases waiting period	4 years
Renewability	Lifetime
Discounts	Long term discount, Online discount

Key Features of Max Bupa Hospital Cash Policy

Here are the key features and benefits under the Max Bupa Hospital Cash policy:

It provides a hospital cash amount for every day of hospitalization.
It provides double the hospital cash amount if admitted to the ICU.
It requires at least 48 hours of continuous hospitalization.
It offers tax savings as per section 80D of the Income Tax Act on the insurance premium.

Inclusions of Max Bupa Hospital Cash Policy

The Max Bupa Health Assurance HospiCash policy comes with the following coverage:

Daily Hospital Cash Benefit - Offers a daily hospital cash benefit for each day of hospitalization
ICU Cash Benefit - Offers twice the hospital cash amount for a maximum of 7 days if admitted to the ICU

Exclusions of Max Bupa Hospital Cash Policy

The following medical expenses are not covered by the Max Bupa Hospital Cash policy:

Cosmetic, aesthetic or related treatments
Treatment for abuse of alcohol or other addictive substances
Non-allopathic treatment
Pregnancy and related complications
Artificial life maintenance
Dental treatment
Organ donor expenses
Weight reduction procedures
Hereditary and genetic disorders

The above-mentioned exclusions are not complete. Get the full list of exclusions by referring to the Max Bupa Hospital Cash policy brochure.

FAQs

Q. What are the waiting periods applicable to the Max Bupa Hospital Cash policy?
The Max Bupa Hospital Cash policy comes with the following waiting periods:
- Initial waiting period - 30 days
- Specific illnesses - 24 months
- Pre-existing diseases - 48 months
Q. Can I opt for floater coverage under the Max Bupa Hospital Cash policy for my family?

No. The Max Bupa Hospital Cash policy does not come with floater coverage. You can opt for individual coverage for each family covered under your policy.
Q. Is there a discount option available under the Max Bupa Hospital Cash policy?
Yes. The following discounts are available under the Max Bupa Health Assurance HospiCash policy:
- Long term discount - 12.5% savings on the 2^ndyear premium in case of 2 years & 3 years policy tenure, 15% savings on the 3^rd year premium in case of 3 years policy tenure
- Online discount - 10% savings on premium if the policy is purchased online
Q. Can I cancel my Max Bupa Hospital Cash policy after a few days of buying it?

Yes. You can cancel your Max Bupa Hospital Cash policy after a few days of buying it. Make sure to cancel the policy within the first 15 days of the policy commencement date or the free look period to avoid paying the cancellation fee. But if you cancel your policy after the free look period is over, you will incur a cancellation fee.
Q. Which documents should be submitted to file a claim under the Max Bupa Hospital Cash policy?
You need to submit the following documents to file a claim under the Max Bupa Hospital Cash policy:
- Max Bupa claim form
- KYC documents
- Consultation notes/ investigation reports
- Final hospital discharge summary
- Copy of FIR or panchnama (in case of an accidental injury)
- Medico Legal Certificate (in case of an accidental injury)
Q. Is a cashless treatment facility available under Max Bupa Hospital Cash policy?

Yes. The Max Bupa Health Assurance HospiCash policy provides cashless treatment facilities at more than 7000 network hospitals of Max Bupa Health Insurance Company Limited spread across India.

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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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