Hospital Daily Cash Insurance policy

You must consider opting for the Hospital Daily Cash Insurance policy while buying health insurance. It provides additional coverage of a lump sum amount while one is hospitalised. This coverage mainly spares you from bearing any kind of non-medical expenses.

You would not imagine how much a non-medical expense can cost you. So, consider choosing daily hospital cash coverage while purchasing health insurance for you and your family. In case you want to explore more about its importance, keep reading. 

You will get comprehensive coverage on all non-medical expenses with a hospital daily cash insurance policy. Below are some of the prime reasons why one needs to choose daily hospital cash coverage in their health insurance plan. One must note that the daily hospital cash benefit is available for a fixed number of days (up to 15 days).

However, you can customise the duration as per your insurance needs. In case the duration of hospitalisation is less than the number stated in your health insurance plan, you will get the cash benefit for the entire hospitalisation period. With daily hospital cash coverage, you can be stress-free about all the additional expenses as the expenses will get covered by this coverage. 

For example, if the coverage limit in a hospital cash plan is Rs. 1000, and the actual expense is Rs 500, the insurer will pay the amount equal to Rs 1000. Because during the hospitalisation period, the daily hospital cash benefit will work as a safety net and bear all your expenses.

You might think that the right health insurance plan will safeguard you and your family from every unforeseen medical expense. Although, there are some side expenses which do not get covered by your health insurance provider. 

Hospital Cash coverage included varied small, inadmissible expenses like surgical accessories, X-ray charges, etc. Besides, if you are hospitalised for over 24 hours, you can get coverage without submitting any supporting bills. Note that this allowance is available only if your hospitalisation is admissible. 

In case you are wondering about the maximum claimable amount under the hospital cash benefit, it varies from one policyholder to another. That's why it is advisable to look into the daily hospital cash coverage policy before opting for one. 

You must be aware of the fact that your insurance provider has the authority to disallow the claim for some specific reasons. Here are some of the major exclusions of this coverage, that everyone must know before opting for one. 

If you are planning to opt for cash benefits, keep all the following documents handy to ease your claiming process.

Hospital Daily Cash Insurance policy is evidently helpful during unexpected hospitalisation days. One may face a massive financial strain without this coverage as additional expenses like food, stay, travel, etc. can easily exceed your hospitalisation bills. Henceforth, opt for this daily cash benefit while buying your health insurance policy to ensure optimal medical coverage.

Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wordings before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.