24x7 Claim Notifications
100% Paperless
Best Claim Settlement Awards 2022
Shri Group Hospital Cash Insurance Policy
What is Shri Group Hospital Cash Insurance Policy?
The Shri Group Hospital Cash Insurance Policy is a type of health insurance policy that provides a daily cash benefit during hospitalization. This policy is designed to offer financial assistance to policy holders to help cover incurred expenses during hospital stays, such as medical bills, accommodation, and other related costs.
![what is group hospital cash insurance policy](https://cdn.shriramgi.com/webassets/uploads/what-is-shri-group-hospital-cash-insurance-policy.webp)
Features of Shri Group Hospital Cash Insurance Policy
The Shriram Group Hospital Daily Cash Benefit Insurance offers the following features.
![Why Choose Shri group hospital cash insurance policy](https://cdn.shriramgi.com/webassets/uploads/why-choose-shri-group-hospital-cash-insurance-policy.webp)
Why Choose Shri Group Hospital Cash Insurance Policy?
Here’s why you should choose Shri Group Hospital Cash Insurance Policy.
- Financial support: Provides financial assistance to cover daily expenses during hospitalisation and recovery, such as transportation, food, and accommodation costs.
- Supplemental coverage: Acts as a supplement to regular health insurance by providing additional cash benefits to the insured individual.
- Family coverage: Some group policies offer the option to extend coverage to family members, providing a comprehensive solution for the entire family's healthcare needs.
- Tax benefits: Premiums paid towards group health insurance policies are eligible for tax deductions, providing additional financial benefits.
Get your Shri Group Hospital Cash Insurance Policy in 3 Simple Steps
Buy your Shri Group Hospital Cash Insurance Policy in just three steps.
- Step1
- Step2
- Step3
- Visit our website at shriramgi.com or use the MYSGI mobile app. Navigate to the products section and find "Shri Group Hospital Cash Insurance Policy."
- Select the policy and any additional coverages based on your insurance requirements.
- Complete the payment online to secure your insurance and obtain the policy document.
Additionally, you can reach out to us via our toll-free number (1800-300-3000/1800-103-3009) for personalised assistance with purchasing the policy.
Benefits of Shri Group Hospital Cash Insurance Policy
The benefits of the Shri Group Hospital Cash Insurance Policy include the following.
Sickness Daily Hospital Cash Benefit
- Provides coverage for hospitalisation due to anyillness or disease.
- Offers a daily hospital cash amount for each consecutive 24 hours of hospitalisation.
- Coverage is subject to the maximum number of days stated in the policy.
Accident Hospital Cash Benefit
- Ensures coverage for hospitalisation resulting from an accident.
- Provides a daily cash benefit during the hospital stay.
Child Birth Hospital Cash
- Offers coverage for hospitalisation related to child delivery.
- Provides a daily hospital cash amount as specified in the policy, subject to the maximum days stated.
- Benefits are payable after a waiting period of 2 years from the date of addition of the spouse in the policy, provided both self and spouse are covered.
Compassionate Benefit
- Provides coverage for medically necessary treatment of an injury due to an accident that leads to the insured person's death during the hospitalisation.
- Pays a lump sum amount equal to 10 times the Daily Hospital Cash Benefit amount specified in the policy to the nominee.
- This benefit is payable in addition to the basic plan if there is an admissible claim under the same.
Frequently Asked Questions (FAQs)
Who can take this policy?
![email icon](https://cdn.shriramgi.com/webassets/assets/images_optimized/product/Vector.webp)
Any group having a minimum of 7 members can take this policy. However, no group health insurance policy shall be issued where the main purpose of the group is to avail itself of insurance.
What are the eligibility criteria for entry into the policy?
![email icon](https://cdn.shriramgi.com/webassets/assets/images_optimized/product/Vector.webp)
The proposer's age should be between 18 years and 65 years, and dependent children should be aged between 91 days to 25 years. It's important to note that coverage for a child (aged 91 days to 18 years) is not allowed without any family member (more than 18 years) being the proposer or covered in the policy.
What is the scope of benefits under the policy?
![email icon](https://cdn.shriramgi.com/webassets/assets/images_optimized/product/Vector.webp)
The policy provides coverage under two plan options - the Basic Plan and the Advance Plan. The coverage includes benefits such as daily hospital cash for sickness, accident hospital cash benefit, ICU benefit, convalescence benefit, childbirth hospital cash, and compassionate benefit, among others.
What are the coverage details of the Basic Plan?
![email icon](https://cdn.shriramgi.com/webassets/assets/images_optimized/product/Vector.webp)
The Basic Plan provides sickness daily hospital cash benefit during the policy period. If the insured person contracts any disease or suffers from any illness, and it requires admission to a hospital for medical or surgical treatment, the company will pay a daily hospital cash amount for each consecutive 24 hours of hospitalisation, subject to the maximum number of days stated in the Schedule/Certificate of Insurance.