SMART CASH

In case of hospitalisation for a consecutive period of more than 24 hours, a daily benefit is payable for a maximum period of 180 days per policy year.

In case of hospitalisation for a consecutive period of 5 days due to air / rail / road accident then double the daily benefit opted will be paid for maximum of 15 days during entire policy period.

In the event when two or more insured persons covered under the same policy are hospitalized concurrently as inpatients during the policy period due to an accident, then Royal Sundaram shall pay double the daily benefit opted for maximum of 5 days during entire policy period.

In the event of hospitalisation duration exceeding a consecutive period of 15 days, a lump sum benefit of Rs.10,000 is payable in addition to Hospital Confinement Benefit. This benefit is payable only once per illness / accident / policy.

A lump sum payment of Rs. 10000/- (for Silver Plan), Rs. 15000/- (for Gold Plan) and Rs. 20000/- (for Platinum Plan) is payable under this policy in the event of diagnosis of any one specific critical illness as mentioned hereunder.

The following critical illnesses are covered under this policy:

Cancer, Multiple Sclerosis, Kidney failure, Open chest CABG, Open Heart Replacement or Repair of Heart Valves, Stroke, and First Heart Attack.

This benefit is payable once during the lifetime of the Insured irrespective of all the Hospital cash Policy of the insured person.

In the event of hospitalisation resulting in child birth a lumpsum amount will be paid basis the plan variant opted.

Condition for Child Birth Benefit:

• This benefit is applicable only under Gold (Rs.10,000) & Platinum (Rs. 20,000)plans and applicable only for female insured person.
• This benefit is payable maximum twice during the lifetime of the Insured Person.
• A waiting period of 2 years from inception is applicable for this benefit.

Hospitalization due to a pre-existing disease shall be covered upto a maximum of 5 days of hospitalisation per person per policy year, for the chosen daily benefit or Rs.5000/- per day whichever is lower.

• The PED benefit shall be payable only after 4 years of continuous insurance from the commencement date of the first Policy.
• Whenever PED benefit is admissible under the Policy, no other benefit will be payable for the period pre-existing disease benefit is payable.
• This benefit is applicable only under Gold & Platinum plans.

Royal Sundaram will reimburse expenses towards master health check-up for the Insured person/s, after a block of 4 consecutive claim free years with Royal Sundaram, up to a maximum of 50% of the average daily benefit chosen of the respective block, per insured person.

This benefit is applicable only under Gold & Platinum plans

Double the Hospital Confinement Benefit chosen will be paid for each completed and consecutive period of 24 hours that the insured person is admitted in an ICU, subject to a maximum of 5 days per policy year.

• Whenever Intensive care benefit is admissible under the Policy, Royal Sundaram will not pay for Hospital Confinement Benefit or Accident Hospitalization Benefit for the period when the insured person is in Intensive Care unit.
• This benefit is applicable only under Platinum plan

In the event of hospitalization of insured person aged 12 years or less and the hospitalization period exceeds a completed and consecutive period of 72 hours parental accommodation benefit shall be payable.

• This benefit will be payable for upto a maximum of 5 days per policy year in addition to hospital confinement benefit for the insured person hospitalized, provided the claim is admissible under Hospital Confinement Benefit.
• This benefit is applicable only under Platinum plan.

In the event of admissible claim under Critical Illness Benefit for hospitalization of insured parents / spouse / children due to critical illness, flight ticket charges incurred by the insured person for emergency travel to India from abroad within a period of 30 days from the date of diagnosis or surgery as applicable, will be payable.

Reimbursement of two way flight charges in economy class upto a maximum of Rs.1 lac per insured person per policy year shall be payable.

This benefit is applicable only under Platinum plan.

You can opt to be covered under Personal Accident benefit. The sum insured choice is basis the plan variant chosen.

• Death - If such injury shall within twelve calendar months of its occurrence be the sole and direct cause of the death of the Insured, the sum insured stated in the relevant section of the policy schedule shall be payable.
• Permanent Total Disablement - If such injury shall within twelve calendar months of its occurrence be the sole and direct cause of the total and irrecoverable loss of organ / limbs defined in the policy wordings.
• Permanent Partial Disablement - If such injury shall within twelve calendar months of its occurrence be the sole and direct cause of the total and / or partial and irrecoverable loss of use or of the actual loss by physical separation of organ / limbs defined in the policy wording, then the percentage of the sum insured as indicated in the table in policy document shall be payable.
  • This benefit will be applicable only if additional premium has been paid at inception and coverage is confirmed in the policy schedule.
  • Coverage under this section cannot be opted or cancelled once coverage under Smart Cash Plan section has already commenced.

10% family discount will be provided to you, if 3 or more people are covered under Smart Cash Plan.

You will be given a 10% and 12.5% tenure discount when you opt for a 2 & 3 year policy respectively.

Your Smart Cash Plan policy can be renewed automatically every year through standing instructions for payments to be made with your Citibank credit card / Citibank account.

You can avail of tax exemption up to Rs.55,000 Under Sec 80D on the premium paid by you towards Smart Cash Plan (excluding premium paid for Optional Personal Accident coverage). Premium paid on behalf of yourself, your spouse, your dependent children is exempt up to Rs.25,000. Premium paid on behalf of your dependent parents is exempt up to an additional Rs.25,000 and if dependent parents are senior citizens the benefit is extended up to Rs.30,000. This is as per the current tax laws and is subject to change as per amendments made from time to time.

^#The above exemption is as per the Income Tax Act 1961 and is subject to change as per amendments made from time to time.

• Customer has to inform the claim to Royal Sundaram General Insurance Company Ltd.
• Obtain the claim form in person / through letter / email / download from website
• Claim form has to be filled by the insured as well as the attending doctor
• Duly filled in claim form along with copy of discharge summary and other applicable documents as specified in the policy have to be sent to Royal Sundaram General Insurance Company Ltd for processing
• Additional documents might be called for if any required.

• Should you wish to cancel your Smart Cash Plan coverage, you can call 24-hour CitiPhone or write to Citibank.
• You can also contact Royal Sundaram General Insurance Company Ltd, through the contact details mentioned in the attached brochure.