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Daily cash benefit
Hospital Cash Insurance offers a crucial support mechanism by providing a fixed daily benefit to policyholders during hospital stays. With rising healthcare expenses, this coverage helps offset non-medical costs, like hospital room rent, transportation, and additional medical fees, easing the financial strain on families. Unlike typical health insurance policies, which reimburse or directly cover medical bills, this hospital cash insurance is a direct cash benefit policy, allowing you to use the funds flexibly as per your needs. It’s an ideal add-on for those who want extra financial protection for hospital expenses. Choose the daily hospital cash policy for peace of mind during hospital stays.
The Bajaj Allianz General Insurance Company Hospital Cash Daily Allowance Policy is designed to provide you with the best protection from sudden medical expenses. With this plan, you receive a daily allowance to cover incidental expenses throughout the hospital stay. Here’s why it’s worth considering:
Receive a fixed cash amount each day of hospitalisation, helping with expenses not covered under standard health insurance.
Choose from different coverage levels ranging from INR 500 to INR 2,500 per day, giving you the freedom to tailor coverage based on your requirements.
Double the daily cash amount in case of ICU admissions, giving additional support in critical situations.
Premiums paid are eligible for tax deductions under Section 80D, providing financial relief.
Get up to a 5% discount if you cover two or more family members in the same policy.
The hospital cash insurance plan from Bajaj Allianz General Insurance Company functions as a daily support fund. When you're admitted to a hospital, you’re entitled to a daily cash allowance, which can be used for any expenses, including non-medical costs that aren’t covered under standard health insurance. Whether it's paying for hospital room upgrades or managing additional out-of-pocket expenses, the daily allowance ensures financial ease during hospital stays. You can easily buy this hospital daily cash policy online, choosing from a variety of premium plans and policy terms for optimal flexibility and protection.
Hospital expenses can burn a deep hole in your pocket and exhaust all your savings. Doctor’s fees, medical bills, hospital room rent and more add to the never-ending expenses that befall us during hospitalisation. This adds a financial burden on your family, along with the emotional upheaval they are already facing.
We provide a solution to avoid such a financial crisis during hospital treatment with our Hospital Cash Daily Allowance policy. This policy pays a daily benefit amount to take care of the sudden expenses during the hospitalisation period. This policy is an add-on policy and cannot be purchased as a substitute for a health insurance policy.
Hospital Cash Daily Allowance comes in handy in the event of sudden hospitalisation as it provides a daily cash benefit. To opt for this policy at competitive premium rates, click here.
Coverage per day |
Proposer Age |
Premium(Rs) for |
Premium(Rs) for |
Rs 500 |
Up to 25 years |
250 |
300 |
Rs 1,000 |
Up to 25 years |
300 |
500 |
Rs 2,000 |
Up to 25 years |
600 |
1,000 |
Rs 2,500 |
Up to 25 years |
800 |
1,350 |
Hospital Cash Daily Allowance policy provides coverage for hospitalisation expenses with its extensive range of features:
Daily cash benefit
This policy offers cash benefit payable for each day of hospitalisation.
Family discount
Avail a 5% family discount if 2 or more family members are covered under this policy. This discount is applicable on both, new as well as renewed policies.
Double cash benefit
Under this policy, the cash benefit is doubled in case of an ICU admission.
Sum insured enhancement
You can upgrade the sum insured amount of your policy during renewal.
Documents required:
The eligibility to opt for Hospital Cash Daily Allowance is as given below:
Entry age for proposer and spouse is between 18 years to 65 years.
Entry age for dependent children is between 3 months to 21 years.
Hospital cash in insurance provides a daily fixed amount to cover hospitalisation expenses. It’s a supplemental policy that goes beyond regular health insurance by covering costs not always accounted for, such as travel or room upgrades. With daily hospital cash policy options, Bajaj Allianz General Insurance Company offers a flexible solution for managing unexpected hospital costs, allowing you to maintain financial stability during challenging times.
To claim your hospital cash benefit, contact Bajaj Allianz General Insurance Company’s claims team and submit the necessary documents, including discharge summary, hospital bills, and reports. The claims process is simple and managed directly by the in-house team to ensure faster processing. Claims for hospital cash insurance are generally approved if they align with policy terms, providing swift access to funds during hospitalisation.
Hospital Cash insurance works by providing policyholders with a fixed daily benefit for each day of hospital admission. Unlike traditional insurance, this hospital daily cash policy doesn’t depend on actual medical costs. Instead, it pays a predetermined amount for every day you’re hospitalised, which can be used for additional or non-medical expenses, offering added financial security.
The Bajaj Allianz General Insurance Company Health Guard Policy combines medical expense with daily cash benefits. Having Hospital Cash cover in your policy supplements your health insurance by covering incidental expenses, letting you utilise both cash benefits and medical protection in one package, ensuring comprehensive support during hospital stays.
My happiness and satisfaction regarding my claim settlement which was approved within 2 days...
Speed with which insurance copy was delivered in times of lockdown. Hats off to the Bajaj Allianz team
I would like to thank the team of Bajajallianz Vadodara, Specifically Mr. Hardik Makwana and Mr. Ashish...
Hospital expenses? All taken care of.
Provides for miscellaneous medical expenses.
You can renew your Hospital Cash Daily Allowance policy for your entire lifetime.
Tax saving up to Rs 1 lakh under Section 80D of the Income Tax Act.* Read more
Tax saving
Tax saving up to Rs 1 lakh under Section 80D of the Income Tax Act.*
*On opting for Hospital Cash Daily Allowance policy for yourself, your spouse, children and parents, you can avail Rs 25,000 per annum as a deduction against your taxes (provided you are not over 60 years). If you pay a premium for your parents who are senior citizens (age 60 or above), the maximum health insurance benefit for tax purposes is capped at Rs 50,000. As a taxpayer, you may, therefore, maximise tax benefit under Section 80D up to a total of Rs 75,000, if you are below 60 years of age and your parents are senior citizens. If you are above the age of 60 years and are paying a medical insurance premium for your parents, the maximum tax benefit under Section 80D is, then, Rs 1 lakh.
You can choose from sum insured options ranging from Rs 500 to Rs 2,500 per day.
Provides cover in case of any treatment/hospitalisation in a network hospital.
Expenses of dental treatment or surgery.
Any treatment related to pregnancy or childbirth.
Injuries arising due to natural calamities like avalanche, earthquake, volcanic eruptions, etc.
Expenses arising due to cancer and any treatment related to it.
Circumcision, cosmetic or aesthetic treatments of any description, change of life surgery or treatment...
Read moreCircumcision, cosmetic or aesthetic treatments of any description, change of life surgery or treatment, plastic surgery, unless necessary for the treatment of any illness or accidental bodily injury and performed within 6 months of the accident.
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(Based on 3,912 reviews & ratings)
Satish Chand Katoch
Hassle Free through web with all option we can review while taking policy.
Ashish Mukherjee
Easiest for anyone, no hassle, no confusion. Great work. Good luck.
Prashanth Rajendran
TLoved the online policy facility of Bajaj Allianz
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I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.
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