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Met Health Cash Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.


Met Health Cash Plan
Met Health Cash Plan is a Health Insurance Plan. It is a Traditional Plan without Bonus facility but with Hospitalization Cash Benefit.
How it works – In this plan, the policy needs to be taken for a period of 3 years during which the premium is guaranteed. In this plan, premium needs to be paid annually for all the 3 years.
The Plan can be continued till 75 years of age and there is guaranteed renewability for continuous plans. This policy covers self, spouse and upto 4 dependent children. A fixed Daily Hospitalization Cash Benefit can be chosen of Rs 1000 to Rs 6000 per day, in multiples of Rs 1000 upto a maximum annual limit of 10, 15 or 20 days. There is a Lifetime Limit of 5 times the Annual Limit, post which the policy terminates.
Thus, for each day of hospitalization till 10, 15 or 20 days in a year, the Fixed DHCB Amount is payable irrespective of the actual amount spent and over and above any other regular health plan. There is no Death, Surrender or Maturity Benefit under this plan.
Key Features of Met Health Cash Insurance Policy
  • It is a Hospitalization Cash Benefit Health Insurance Plan
  • In this plan, a Fixed Daily Hospitalisation Cash Benefit can be chosen for Rs 1000 to Rs 6000 payable for each day of hospitalization up to a limit of 10, 15 or 20 days
  • This plan covers self and family under the same plan
  • This plan provides a guaranteed coverage up to the age of 75
  • Premiums under this plan are guaranteed for Policy Term of 3 years
  • There is a 10% discount on the incremental premium for other family members under this plan
  • The benefit under this plan is payable over and above other Medical Insurance Plans
Benefits you get from Met Health Cash Insurance Plan
Death Benefit – There is no Death Benefit in this plan.
Maturity Benefit – There is no Maturity Benefit in this plan.
Health Benefit – In this plan there are following Benefits:
  • Fixed Hospitalization Cash Benefit- This plan offers the benefit of choosing a Fixed Hospitalization Cash Benefit of Rs 1000 to Rs 6000 per day for a minimum hospitalization of 24 hoursupto 10, 15 or 20 days of annual limit, as selected
  • This benefit is paid irrespective of the actual amount spent and over and above other health insurance plans and paid from the first day of hospitalization
Income Tax Benefit - Health Insurance premiums paid up to Rs. 15,000 are allowed as a deduction from the taxable income each year under section 80D which is extended to Rs 20,000 for Senior Citizen.
Eligibility conditions and other restrictions in Met Health Cash Policy


Fixed Daily HCB (in Rs)
Fixed Daily HCB in a year (in days)
Policy Term (in years)
Premium Payment Term (in years)
Entry Age of Primary Insured and Spouse (in years)
Entry Age of Children (in years)
3 months
Age at Maturity (in years)
75 years for Primary Insured and Spouse
24 years for children
Payment modes
Only Yearly
Sample illustration of Met Health Cash Plan

The below illustration is for a Healthy Male/Female (standard Lives) opting for a fixed DHCB of Rs. 5000

Met Health Cash Plan Sample Premiums


Additional Features and Benefits of Met Health Cash Plan
Riders – There are no additional benefits in this plan.
What happens if?
You stop paying the premium - If the policy holder stops paying the premium, the policy lapses and all benefits cease to exist.
You want to surrender the policy – There are no surrender benefits under this plan.
You want a loan against your policy – Loan facility is not available in this plan.

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