A comprehensive health insurance plan provides coverage against the medical expenses incurred by the insured. However, additional expenses such as food, travelling, items of personal comfort, etc. must still be paid from hand. Daily cash allowance plans are developed by insurers to provide assistance for these kinds of expenses. Royal Sundaram Smart Cash Plan is one such daily cash plan that provides a fixed amount of cash for every single day of hospitalisation. This policy also offers various value-added benefits like ICU benefit, critical illness benefit, childbirth benefit, etc. in addition to the fixed daily cash allowance.
The following eligibility criteria must be met by a person before signing up for Royal Sundaram Smart Cash Plan:
Some of the notable features of Royal Sundaram Smart Cash Plan can be listed as follows:
The range of benefits available under Royal Sundaram Smart Cash Plan can be given as follows:
|Benefits||Extent of Coverage|
|Sickness hospitalisation benefit||Rs.500 to Rs.10,000 based on the plan and the sum insured amount chosen (Covered for up to 180 days in a policy year)|
|Accidental hospitalisation benefit||Double the sickness hospitalisation daily cash amount for up to 15 days in a policy year|
|Critical illness benefit||Silver plan - Rs.10,000 Gold plan - Rs.15,000 Platinum plan - Rs.20,000 (Covered for 7 listed critical illnesses that includes cancer, stroke, kidney failure, etc.)|
|Convalescence benefit||Rs.10,000 for all plans if the hospitalisation exceeds 15 days|
|Joint hospitalisation||Double the daily cash benefit when two or more members covered under the policy are hospitalised due to an accident|
|Pre-existing diseases benefit||Chosen daily benefit subject to a maximum of Rs.5,000 per day for a maximum of 15 days in a policy year (only in gold and platinum plans)|
|Child birth benefit||Silver plan - nil Gold plan - Rs.10,000 lump sum payment Platinum plan - Rs.20,000 lump sum payment|
|Intensive care benefit||Double the daily cash benefit for a maximum of 5 days in a policy year (only in platinum plan)|
|Personal accident cover (optional)||Rs.10 lakh, Rs.15 lakh, or Rs.25 lakh upon payment of additional premium|
Some of the notable exclusions of Royal Sundaram Smart Cash Plan can be given as follows:
The company must be intimated at least 24 hours before planned hospitalisation or within 24 hours of emergency hospitalisation. While intimating the company, it is necessary to provide details like policy number, name, nature of illness/injury, name of the hospital facility, etc. The claim can be submitted within 30 days from the date of discharge.
The claim form must be accompanied by documents such as photocopy of bills, cash receipts, discharge certificate, FIR copy (in case of accident), medical records, physician certificate, etc. Once these documents are submitted, the company will verify the claim and communicate its acceptance/rejection to the insured. In case of rejection, it will be accompanied by a suitable reason. For all valid claims, the settlement amount will be provided within a reasonable time from the date of acceptance.
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