Hospital Cash Policy

What is Hospital Cash Insurance?

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:

Daily Cash Benefits:

Receive a fixed cash amount each day of hospitalisation, helping with expenses not covered under standard health insurance.

Flexible Sum Insured:

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.

ICU Benefits :

Double the daily cash amount in case of ICU admissions, giving additional support in critical situations.

Tax Savings :

Premiums paid are eligible for tax deductions under Section 80D, providing financial relief.

Family Discount :

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 Cash Daily Allowance Policy: Extensive Benefits for Your Healthcare

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.

That’s not all, here are additional benefits with your Hospital Cash Daily Allowance

This top-up medical insurance plan provides relief from sudden hospital expenses and a host of other benefits as listed below:

Renewability

You can renew your Hospital Cash Daily Allowance policy for your entire lifetime.

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.

Multiple sum insured options

You can choose from sum insured options ranging from Rs 500 to Rs 2,500 per day.

Why Choose Bajaj Allianz Hospital Cash Daily Allowance?

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.