Coverage of up to Rs. 1000/Day | Buy Hospital Cash Insurance at just Rs. 549

What is Hospital Cash Insurance?

There are plenty of healthcare insurances in the market which cover the medical bills but what about the other miscellaneous expenses that a patient and his/her family have to look after during that period? These expenses can be anything starting from X-ray bills to food bills. However, if you have hospital cash insurance, you do not have to worry at all. A hospital cash policy is a type of insurance policy that provides funds for miscellaneous hospital expenses in case of hospitalisation for more than 24 hours.

 

It is like a daily cash allowance provided to the holder. The amount of daily cash varies according to the type of insurance plan, type of medical treatment, and a few other factors. In times of hospitalisation, this plan is very helpful for patients and their family as they do not have to worry about the side expenses.

Features and Benefits of Hospital Cash Insurance

Here are some of the most important and beneficial features of hospital cash insurance

Every day Hospital Cash Benefit

The policyholder gets a fixed hospital cash allowance every day during the entire hospitalisation time. This is very helpful for the policyholder because it prevents him/her from worrying about petty expenses. It is important to know that the policyholder cannot ask for the balance amount if the cash benefit is more than the actual expenditure value. The amount of cash depends on the type of treatment. Though the daily hospital cash benefit is included in the basic hospital cash insurance plan, some companies offer it as an optional cover.

Meet various expenses

Healthcare insurance is meant to cover your treatment charges like surgeries and other medical bills. Still, apart from these expenses, there are plenty of other expenses also that have to be looked after. This includes lab test bills, documentation charges, food bills, etc. To cover these charges during the time of hospitalisation, hospital cash insurance is the best choice. With this insurance in hand, the patient and their family do not have to worry about any petty expenses and can't focus properly on the treatment.

How to Apply for Hospital Cash Insurance?

To get an insurance plan online by following the below-mentioned steps

  • Click on Buy Now

    Visit the official portal of the company you chose and go to the insurance plans section. In that section, tap on ‘Hospital Cash Insurance’ plans. Go through all the details, terms, and conditions mentioned regarding the plans and choose the plan as per your requirement. Now click on ‘Buy Now.

  • Submit details

    You will be redirected to a page where you will have to fill out the application form. Make sure you fill in all the details properly and submit the form along with the required documents.

  • Pay Online

    After you submit the form, you will move to the last step of the application procedure, that is, payment. You can then pay the insurance plan fees online. After the payment of the hospital cash policy premium, the procedure is completed successfully.

Eligibility Criteria for Hospital Cash Insurance Policy

The eligibility criteria for hospital cash insurance policy varies from company to company, on a general basis the major points eligibility criteria are -

 

  • The minimum and maximum age of an applicant must be 18 years and 25 years respectively for adults. The insurance plans available for children require a minimum age of 6 months.

  • In the case of adults, a stable source of income is required. For children, a stable income for the parents is required.

  • The applicant's medical history is checked and should match the criteria of the specific insurance plan.

Inclusions of Hospital Cash Insurance

Before buying any insurance policy, it is extremely important to know what is covered under the policy. The main inclusions of the hospital cash policy are -

  • Insured Sum -

 At the time of the hospital cash insurance claim, the policyholder gets a specific sum of money as the core coverage for the hospital expenses. This cover includes inadmissible expenses like surgical equipment, visiting member charges, etc. The lump sum amount is paid to the policyholder which is fixed earlier only.

  • Covers Age Groups - 

 

Hospital cash insurance is available for all different age groups. The minimum age required is 6 months and the maximum age limit is 65 years. In the case of a 6-month child, the insurance policyholder is the parents. 

 

  • Daily Expenses - 

The daily hospital cash benefit policy is the biggest advantage of hospital cash insurance. Apart from the lump sum amount, the policyholder also gets a daily cash allowance to manage the daily expenses during the hospitalisation period. This is only available when the hospitalisation period exceeds 24 hours. It is a very helpful feature of the insurance policy. Note that, some insurance plans have this feature added to the core features while some might have it as an optional add-on.

Policy Plan Details & Specifications of Hospital Cash Policy

The specifications of the hospital cash policy are -

 

  • Lump Sum Benefits

  • A variety of plans are available 

  1. Basic Plan

  2. Enhanced Plan

  • Policy Term of up to 3 years

  • Individual and Floater sum insured types

  • Included Day care procedures

  • Daily cash benefit of up to Rs. 5,000

  • Hospital cash days of up to 180 days.

Exclusions of Hospital Cash Insurance

Just as we discussed what is included in the hospital cash insurance, we should now talk about what is not included. The inclusions and exclusions are subject to variations as per the insurance plan you choose but the major exclusions of a hospital cash insurance policy are -

 

  • Pre-Existing diseases

  • Fertility issues

  • Non-allopathic treatments

  • Cosmetic treatments

  • Self-inflicted physical injuries

Process and Documents Required to Initiate a Claim for Hospital Cash Insurance

The detailed procedure to raise a hospital cash insurance claim is mentioned below -

 

  • In case of planned hospitalisation, the policyholder must inform the insurance company within 48 hours of hospital admission. On the other hand, in case of emergency hospitalisation, the insurance company must be informed within 24 hours of hospitalisation.

  • Next, you can file a claim by either contacting the insurance company through call or SMS. For this, the policyholder or his/her representative can contact you through the customer service details provided.

  • After contacting, the concerned person will have to provide the following information along with the required documents to the insurance company executive.

  1. UHID number

  2. Policy ID

  3. Patient name

  4. Name of the person claiming the policy

  5. Number of the person claiming the policy

  6. Relationship of the caller with policyholder

  7. DOA

  8. Expected hospitalisation tenure

  9. Admission reason

  10. Concerned doctor’s name

  11. Hospital name

  12. Hospital address

  13. City in which the hospital is located

  14. State in which the hospital is located.

Once the above-mentioned details are recorded by the insurance company executive, certain formalities need to be fulfilled to raise hospital cash benefits -

  1. Filled Claim Form

  2. Discharge documents

  3. Hospital Bill

  4. Payment records

  5. Doctor’s consultation documentation.

After the submission of all the documents, the insurance company will start the fund disbursal under daily hospital cash benefits.

Customer Care Details Hospital Cash Policy

Customer care plays a very crucial role in a hospital cash policy, especially for the insurance claim procedure. These contact details are simply available on the official portal of the insurance company you brought the insurance plan from. You get the email address, contact number as well as SMS details from the website. For any more inquiries, you can simply contact the insurance executive of the nearest branch.

Hospital Cash Insurance - FAQs

  • ✔️Can I claim hospital daily cash insurance and health insurance for the same hospitalisation?

    Yes, you can claim hospital daily cash insurance and health insurance for the same hospitalisation. The health insurance will cover your treatment expenses while the daily cash insurance will provide you with all the miscellaneous expenses.

  • ✔️Is aesthetic treatment covered under the hospital cash policy?

    No, generally any type of cosmetic treatments are not covered under the hospital cash policy. It might be included in the insurance plans of some companies.

  • ✔️Will I get daily cash benefits for hospitalisation related to surgeries for cancer, kidney transplants, etc.?

    Yes, if you have the daily cash benefit included in your hospital cash policy then it covers all types of surgeries like cancer, kidney transplants, etc. The only exclusions of this policy are -

    • Pre-existing diseases

    • Fertility issues

    • Non-allopathic treatments

    • Cosmetic treatments

    • Self-inflicted physical injuries

  • ✔️Are any pre-existing diseases covered under this hospital cash insurance?

    No, pre-existing diseases are not covered under the hospital cash policy, it is one of the few exclusions.

  • ✔️What is the coverage limit under the daily hospital cash policy?

    The minimum coverage limit under the daily hospital cash benefits is Rs. 100 while the maximum coverage limit is Rs. 10,000. This amount might vary depending on the insurance plan you brought.