Health insurance plans are developed to provide financial security during a time of hospitalisation. While regular health insurance plans take care of your medical bills, they do not provide any coverage for additional expenses related to food, travel, and personal comfort. This is where a daily hospital cash policy comes in handy. It provides a fixed amount for every single day of your hospital stay without seeking any proof on how you spend that money. Apollo Munich Optima Cash is one such daily hospital cash policy that you can take to supplement your health insurance cover.
Apollo Munich Optima Cash is available for those who meet the following eligibility criteria:
Some of the notable features of Apollo Munich Optima Cash Policy can be listed as follows:
The benefits available under Apollo Munich Optima Cash can be listed as follows:
|Benefits||Extent of Coverage|
|Daily hospital cash for sickness hospitalisation (for every 24 hours completed)||Chosen cash benefit for up to 90 days per policy year|
|Daily hospital cash for accidental hospitalisation||Chosen cash benefit for up to 90 days per policy year|
|ICU admission cash benefit (sickness or accident)||Twice the chosen cash benefit for up to 15 days|
|Day care benefit (any of the 10 listed procedures that do not require 24 hours of hospitalisation)||50% of the chosen sum insured for a period of 6 days|
|Joint hospitalisation (if 2 or more insured people are hospitalised after an accident)||Twice the chosen sum insured amount for up to 10 days|
|Convalescence benefit||Lumpsum amount payable if the hospitalisation exceeds 7 days|
|Child birth (after a 2-year waiting period)||Lumpsum benefit equivalent to twice the daily cash benefit (payable twice during lifetime)|
|Parent accommodation||Additional daily cash for up to 30 days (if the insured is less than 12 years of age)|
Some of the major exclusions listed out under Apollo Munich Optima Cash policy can be listed as follows:
During the time of hospitalisation, the insurer must be intimated immediately. Planned hospitalisations must be informed 48 hours before hospitalisation, and emergency hospitalisations must be informed within 24 hours of admission. Based on the number of days the insured is admitted in a hospital, the cash benefit will be provided. Following discharge from the hospital, the insured must file for the claim along with various documents like medical bills, cash memos, discharge summary, physician certificate, etc. After the verification of the submitted documents, the company will provide the benefit amount.
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