Royal Sundaram Smart Cash Health Insurance Plan

The Smart Cash Plan offered by Royal Sundaram is a , designed specially to cover your expenses incurred in medical treatment. This is a daily cash benefit plan that includes your expenses incurred in food, transportation and patient's attendance and many such out of pocket expenses. The policyholder can include children, spouse, parents, dependents and self under this plan. Any individual who has complemented 91 days can be enrolled under this plan. The Royal Sundaram Smart Cash Plan has 3 variants which include - Smart Cash Sliver, Smart Cash Gold and Smart Cash Platinum. The plan comes with a host of attractive feature and benefits. Even, you can get your family members’ flight tickets reimbursed when they visit India out of emergency.

Key features & Benefits of Royal Sundaram Smart Cash Plan:

Entry Age
  • Minimum entry age: 91 days for an insured person ad 18 years for a proposer.
  • Maximum entry age: 70 years for Gold and Platinum variant. No maximum age is applicable for the Silver variant.
Exit age Not applicable.
Basis Individual. It is a daily cash benefit plan.
Renewability The policy offers lifelong renewability.
Special Features The plan comes with the following features:
  • Minimal documentation.
  • Flexible policy tenures such as 1, 2 and 3 years.
  • Instant policy issuance.
  • The plan is accepted worldwide.
  • 24/7 customers service
  • Hassle free claim settlement process.
  • Hospitalization is a must to make claims under this plan.
Medical test Required provided you are 60 years old or above.
Premium Silver- Rs. 500 (Minimum) Rs. 3000 (Maximum) Gold – Rs. 3000(Minimum) Rs.5,000 (Maximum) Sliver – Rs.5,000 (Minimum) Rs. 10,000 (Maximum) These rates are subject to change from time to time.
Sum assured Rs. 10 lakhs for Smart Cash Sliver. Rs. 15 lakhs for Smart Cash Gold Rs. 25 lakhs for Smart Cash Platinum.
Policy coverage The Smart Cash Plan provides cover for:
  • Hospitalization cost
  • ICU charges
  • Critical illnesses ( 7 critical illnesses)
  • Joint hospitalization.
  • Cost incurred in Childbirth and maternity.
  • Personal accident.
  • Travel expense.
  • Food expense.
Benefits The policy comes with the following benefits: Smart Cash Benefits
  • Planned or emergency admission into a hospital.
  • Hospitalization exceeding 5 days due to accident.
  • Medical treatments covered under the policy.
  • Joint hospitalization caused due to accident.
Other key benefits:
  • Hospital Cash Benefit: It provides coverage for 180 days, including the treatments taken abroad. This benefit is applicable for all the three variants - Silver, Gold and Platinum.
  • Hospitalization Benefit (Accident): Get double of your daily benefit in case of hospitalization caused due to accident when hospitalized for more than 5 days.
  • Convalescence Benefit: Get paid Rs. 10,000 for being hospitalized for more than 15 days.
  • Joint Hospitalization benefits: It provides double of your daily benefit provided two or more persons issued persons are hospitalized covered under the same plan for a period of 5 days.
  • Child birth benefit: This benefit is not applicable for the Sliver category. A lump sum amount of Rs. 20,000 would be provided to both Gold and Platinum category.
  • Critical Illness benefits: Get cover for 7 critical illness listed under the plan. However the amount of coverage varies among Silver, Gold and Platinum.
  • Pre-existing disease: This is available for Gold and Platinum Smart Cash Plan holders. Not applicable for Silver policyholders.
  • Health checkup reimbursement: You can get your health checkups cost reimbursed, provided you have chosen Gold or Platinum plan.
  • Intensive care benefits: Intensive care benefit is applicable for Platinum plan holders.
  • Tax benefits: Enjoy tax benefits on the premiums paid for your Smart Cash Plan as per section 80D of the Indian Income Tax Act, 1961.
  • The Smart Cash plan also provides cover for parental accommodation benefits based on the plan you choose.
  • You can also get your family's members flight tickets reimbursed when it is an emergency visit. You can claim up to Rs. 1 lakh per person. This facility is applicable for Platinum Smart Cash holder.
  • You can also enjoy personal accident benefit by paying additional benefit. This is an optional benefit offered by the plan.
Free-look period 15 days.
Discount/Bonus The health insurance policy provides a discount of 10% on your total premium paid, provided you have insured 3 or more family members under the same plan. On purchasing the policy for 2 years you can avail a discount of 10% and 12.5% when you purchase it for 3 years.
Grace period 30 days.
Exclusions The policy excludes the following conditions:
  • The major exclusions under the plan include - diseases contracted in the first 30 days of the policy.
  • Disease occurring in the first year of the policy which include- Prostatic Hypertrophy, Hysterectomy for Menorrhagia, Congenital Internal Anomaly, Cataract, Hernia, Hydrocele, Fistula in anus, Piles, Sinusitis, Knee or Hip replacement.
  • It also does not include - Convalescence, general debility, general disease, intentional self-injury or attempted suicide.
  • Hospitalization for evaluation and / or diagnostic purposes.
  • Obesity treatment and weight reducing activities.
  • Treatment of psychosomatic and psychiatric disorders, mental illness, insanity etc.

***Please read the policy brochure and understand the terms and conditions before purchasing it. The above mentioned information is indicative only.

Other Health Insurance Plans from Royal Sundaram:

GST rate of 18% applicable for all financial services effective July 1, 2017.

Disclaimer: Premiums may vary depending upon factors like age, location and prevailing taxes/GST.

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