Oriental Happy Cash Policy: Benefits, Premium, Renewal

Oriental Happy Cash policy

Oriental Happy Cash policy offered by Oriental Insurance Company Ltd. that covers expenses related to emergency medical hospitalisation such as lodging, food, conveyance, etc. The policy helps to provide extra security to the policyholder that is usually not provided by all health insurance plans.

Eligibility Criteria

The minimum eligibility conditions to buy this policy are:

Type	Individual or Family Basis
Minimum Entry Age	91 days
Maximum Entry Age	65 years Retail policyholders are allowed up to 75 years
Number of people covered	Spouse, Dependent children (3 months -18 years), Parents or Parents-in-law
Residential Status	Indian Residents and Citizens

Coverage Offered

The Oriental Happy cash policy offers a daily cash benefit up to the sum insured for a limit of 30 or 60 days based on the policy chosen.

Oriental Happy Cash Insurance Policy provides the following basic coverage:

Hospitalization Benefit- The policy will pay any hospitalization expenses up to the daily cash limit for 30/60 days of hospitalization.
Convalescence Benefit - If the hospitalization period exceeds 30/60 days, convalescence benefit is provided per policy period.
AYUSH Benefit- Medical expenses incurred for Ayurveda treatment is provided, given the hospitalization is either in a government hospital or any other related medical college.

Inclusions of the Policy

The Oriental Happy Cash Health Insurance provides the following benefits apart from the basic coverage:

Daily Cash Benefit - With 4 options Rs 500, Rs 1000, Rs 2000, Rs 3000 as per the sum insured with a daily cash benefit period of up to 30 days or 60 days. A 25% extra benefit is provided for females only with any additional premium payment.
Deductibles- There are 3 options available with this benefit- no deductible, 1 day or 2 days deductibles per event
Free Look Period- The policy offers a free look period of 30 days during which the insured can return the policy.

Exclusions of the Policy

The following treatments and benefits are not covered in the Oriental Happy Cash Policy:

Domiciliary Hospitalization
Ambulance charges
Worldwide coverage
Daycare treatment
Emergency Ambulance
Health checkup
Pre-existing Disease
Diseases contracted within the waiting period.
Injury caused due to war, invasion or any such situations.
Circumcision
Surgery Eye correction
Dental Treatment, unless necessary due to treatment.
Rest cure
Congenital External Diseases
Any medical expenses for Evaluation or Diagnosis Treatment only
Once the sum insured limit as well the number of days up to which the expenses are claimed, is exhausted, no restoration of cover benefit is not provided
Maternity benefit
Alternative Treatment except Ayurveda treatments is not covered.
Hospitalization irrelevant to the ongoing treatment
Genetic disorders treatment
Change of treatment from one medical system to another
Obesity-related treatment
Treatment is required due to participating in extreme sports activities such as scuba diving, sky diving etc.
Treatment received in a health hydro, nature clinic, or similar establishments.
Hospitalization for which a regular treatment is not required
Hormone Replacement Therapy or Gender change Treatment
Massages, Shirodhara or steam bathing under Ayurvedic treatment

Features and Benefits of the Oriental Happy Cash Policy

The main features and benefits of the Oriental Happy Cash are the following:

For in-hospitalization expenses, a daily cash benefit up to 30 or 60 days based on the policy chosen is provided.
25% extra daily cash benefit for only females is provided.
In case of delay in renewing the policy, a 30-day grace period is provided, but no expenses can be claimed during the grace period.
If two or more members are covered, the insured can avail of savings up to 5% and 7.5% on premium payment, respectively.
No medical tests or pre-medical checkup is required to purchase this policy.

Cancellation Terms of the Policy

For the cancellation of the Oriental Happy Cash policy, refer to the following guidelines:

The policyholder can return the policy during the free look period.
By giving a 30 days' notice, the policyholder can cancel this policy, and the premium will be refunded on a pro-rata basis for up to 6 months.
If the policy is canceled after 6 months, no amount will be refunded.

The Insurer can also cancel the policy on the grounds of fraud and non-disclosure of correct information.

FAQs

Q.Is Oriental Happy Cash policy portable?

Ans: Yes, the policyholder can switch to another policy or a policy from another insurer. Still, it is only allowed during the renewal period, not mid-term, and a request must be made 45 days before the renewal date.
Q. What documents are required to file for a claim for Happy Cash Health Insurance?
Ans: The documents required are-
- Hospital discharge report
- Duly filled claim form
- Original test reports related to the illness
- Medical history of the patient
Q. How can one buy Oriental Health Insurance online?

Ans: To buy online Oriental Happy Cash policy, one can fill and submit the form on the Insurer's website.
Q. Are pre-existing diseases covered under Oriental Happy Cash Health Insurance?

Ans: Pre-existing diseases are not covered after 48 months, given the policy continues for that period.
Q. Is pre-hospitalization and post-hospitalization expenses covered?

Ans: No, pre-hospitalization and post-hospitalization expenses are not covered under Oriental Happy Cash policy

Policybazaar exclusive benefits

30 minutes claim support*(In 120+ cities)
Relationship manager For every customer
24*7 claims assistance In 30 mins. guaranteed*
Instant policy issuance No medical tests*

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*We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30- minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881.

*Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.

*All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.

**All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.

*₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.

*₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

*₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

*₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

*₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases

*₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.

*₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.

*No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.

*The values taken for effective cost calculation are indicative values and may change as per the selected plan.

*Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.

*Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.

*The scope of coverage may vary from plan to plan.

~Source: Google Review Rating available on:- http://bit.ly/3J20bXZ

##On ground claim assistance is available in 114 cities

Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.

STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

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Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001 Contact Us | Legal and Admin Policies

Oriental Happy Cash policy