Old Mutual Hospital Cash Plan

Earn cash to provide for you and your familys

living expenses while you are in hospital.
A
D
D
E
D
SO
L
U
T
I
O
N
S
A
D
D
E
D

V A
L
U
E
H
E
A
L
T
H
S
O
L
U
T
I O
N
S
Spending time in hospital can be an expensive
ordeal, and not just because of the high cost of
medical treatment.
Have you ever given any thought to
how you will replace the income you
lose while youre lying in hospital
unable to earn? These are costs your
family will incur in your absence or
which will come from your familys
living expenses, should you be away
from home for an extended period.
The more you think about it, the more you will realise that the
costs associated with being hospitalised extend much further
than you could have imagined. So what can you do about it?
Why do you need Old Mutual Hospital Cash Plan?
To pay you a daily beneft in cash for each night you
spend in hospital being treated by a specialist, payable
from the second consecutive night.
150% of the daily beneft is paid if hospitalisation is
as a result of an accident.
This money can be used towards the unforeseen
expenses that arise during your stay in hospital.
Cover for you, your spouse and children is
available too.
Daily beneft choice of R200, R400, R600 with no proof
of income is available to you, your spouse and your
children or R800 or R1 000 if your monthly income is
at least 15 times the daily beneft selected.
Choice of fxed or annually escalating daily beneft.
Compulsory Cover Increase option
If you select this option, the daily beneft selected will escalate
at a fxed rate of 6% per annum, with premiums escalating at a
fxed rate of 10% per annum.
Daily Beneft
R200 R400 R600 R800 R1 000
Individual
Contribution
Per Month
R70 R80 R90 R100 R110
Projected Cash
Back Bonus
R769 R879 R989 R1 099 R1209
Family
Contribution
Per Month
R95 R130 R165 R200 R235
Projected Cash
Back Bonus
R1 044 R1 429 R1 813 R2 198 R2 582
Cash back bonus is 15% of 5 years worth of premiums
Level Cover and Voluntary Cover Increase options
On the Level Cover option your daily beneft and premiums will
remain level over the period of your policy, unless you select to
ination-proof your daily beneft by opting for ination-linked
annual premium and daily beneft adjustments (the Voluntary
Cover Increase option). This will help ensure the cover level you
have selected remains relevant over the lifetime of your policy.
Daily Beneft
R200 R400 R600 R800 R1 000
Individual
Contribution
Per Month
R95 R110 R125 R140 R155
Projected Cash
Back Bonus
R855 R990 R1 125 R1 260 R1 395
Family
Contribution
Per Month
R130 R180 R230 R280 R330
Projected Cash
Back Bonus
R1 170 R1 620 R2 070 R2 520 R2 970
Cash back bonus irrespective of claims
After your policy has been in force for fve years and all premiums
due have been paid, you will be paid back 15% of the total
premiums you have made over the period, regardless of whether
you have claimed or not. And this repeats for every fve-year
period that your policy is still valid. Now that is a cash bonus!
Cash back bonus is 15% of 5 years worth of premiums
General rules
Anyone between 18 60 years of age may apply, with
the family option allowing for one spouse and a maximum
of 5 biological or legally adopted minor children of the
policyholder to be nominated for cover.
Cover for the insured family will terminate when the
beneft limit for the family has been reached. Cover will
cease for children upon reaching the age of 18 (or up
to age 24 if proof of full time studying at a recognised
tertiary institution is supplied).
No proof of income is required for R200, R400 and R600
daily beneft amounts. For R800 and R1 000 daily beneft
options, monthly income must be at least 15 times the
daily beneft selected.
For children under the age of 4, the beneft payable is
50% of the selected daily beneft.
The total maximum allowable benefts over the life of the
policy is 365 days per nominated family member, limited
to 730 days in total per family.
A 6-month general waiting period will apply to
each nominated family member from the date of
commencement of cover, unless the hospitalisation is
due to an accident.
A twelve-month condition-specifc waiting period will
apply for each family member for hospitalisation due to
birth or maternity and any pre-existing conditions for
which any family member received treatment or advice,
or could reasonably have known about, in the twelve
months prior to becoming covered by the policy.
The hospitalisation must be for treatment by a specialist
and must be for a medical condition that can only be
treated in hospital.
This policy is not designed as an alternative to, or to
replace, a medical scheme.
For more information, contact your Old Mutual
nancial adviser or broker, call 0860 101 233 or visit
www.oldmutual.co.za/healthsolutions
This brochure is designed for easy reading and outlines the main
benefts and conditions of the product. While Old Mutual has made
every effort to reect the benefts and conditions as accurately
as possible, there could be other information that has not been
included. We therefore recommend that you consult a fnancial
adviser or broker for more detailed information.
The Old Mutual Hospital Cash Plan is underwritten by MS Life
Assurance Company Limited (reg.no.1999/012567/06), a licensed
fnancial services provider and member of the Old Mutual Group.
OLD MUTUAL HOSPITAL CASH PLAN
h
e
r
o
,

O
M
6
5
0
2
9
3
0