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Hospital Cash Insurance Policy for Individual

Premium Starts @ 799

(Excluding Taxes)

Premium Starts @ 799 excluding Taxes
Benefits
Fixed benefit for each day of hospitalization irrespective of actual medical costs
Use it for additional uncovered expenses eg. attendant charges, travel & food expenses
2 Most Trusted Insurers
SecureNow Assistance
assistance1Online policy copy
assistance2Instant risk confirmation
assistance5 Renewal reminders
assistance4 Single point interface for claims
assistance6 Digital proposal form and payment
assistance6 Cost-effective Insurance

Get quote if you agree to our Terms of Use and Privacy Policy

Hospital Cash Insurance Policy for Individual

Get quote if you agree to our Terms of Use and Privacy Policy

Logo

Hospital Cash Insurance Policy for Individual

Premium Starts @ 799

(Excluding Taxes)

Premium Starts @ 799 excluding Taxes
Benefits
Fixed benefit for each day of hospitalization irrespective of actual medical costs
Use it for additional uncovered expenses eg. attendant charges, travel & food expenses
2 Most Trusted Insurers
SecureNow Assistance
assistance1Online policy copy
assistance2Instant risk confirmation
assistance5 Renewal reminders
assistance4 Single point interface for claims
assistance6 Digital proposal form and payment
assistance6 Cost-effective Insurance
SecureNow Assistance
assistance1

Online policy copy

Policy copy will be emailed. This can also be accessed via securenow.app login

assistance2

Instant risk confirmation

Risk coverage gets started immediately on proposal form submission, if no claim has been reported.

assistance6

Digital proposal form and payment

Buying process is completely digitized including supporting documents. No need to submit hard copies.

assistance

Cost-effective Insurance

Works with all the leading insurers to discover the best price for most comprehensive features.

assistance

Single point interface for claims

Dedicated liability claims expert coordinates claims

assistance5

Timely renewal reminders

Automated reminders and sent 3 weeks before renewal. Premium can be easily paid online

Quick Guide to Hospital Cash Insurance Policy for Individual

Definition of Hospital Cash for Individual

Hospital Cash for Individual is a fixed benefit insurance product. It provides you with a fixed sum insured for each day of your hospitalization of 24 hours or more. A daily cash benefit can be part of your basic health insurance cover or can be purchased as an additional cover. The objective of daily cash allowance is obtained to meet the miscellaneous expenses incurred by the policyholder during a hospitalization case.

Importance of Hospital Cash for Individual

  • Additional expense cover: A lot of additional expenses such as consumables, medical kits used during hospitalization are not covered under your health insurance policy. So, daily cash allowance becomes the cushion for all the additional expenses that are incurred during a hospitalization.
  • ICU cover: Owing to the fact that ICU charges are much more expensive than regular hospitalization, insurance companies generally double the daily hospital cash allowance in case the insured or any of the covered members is admitted to an ICU.
  • Miscellaneous expenditure cover: Many added costs arise due to hospitalization, something as simple as food from the canteen for the patient and the attendants can become a burden for your finances. A fixed sum of amount for everyday can help meet your household or other expenses during the difficulties of a hospitalization.
  • Compensation for loss of income: A Hospital Cash for Individual can be a savior for the period of your hospitalization, where some one lose their pay due to lack of sufficient leaves. This product holds high relevance for daily wage earners and gig-workers.
  • Preserve your no claim bonus: For minor hospitalizations, where the bill amounts are also small, you can pay off the bills from your daily hospital cash and this will preserve your no-claim bonuses that you would otherwise lose.

Benefits of Hospital Cash for Individual

  • A fixed cash amount is payable for each day of hospitalization, irrespective of actual medical costs incurred
  • The policy can be bought for family, including spouse and up to 3 kids
  • Multiple hospitalizations are allowed in a year
  • Typically, such a product will have a deductible of one day.

Inclusions Under Hospital Cash for Individual

Below benefits are covered under a Hospital Cash for Individual Policy:

  • Daily hospital cash limit provided is generally doubled in case the insured or other covered members are admitted to the ICU.
  • Pre-existing diseases and specific diseases are covered after 24 months of waiting period.
  • Fixed daily cash allowance can range from Rs. 500 - Rs. 5,000 and the actual amount can vary based on your requirement and the insurance company.

Exclusions Under Hospital Cash for Individual

Below details are not covered as part of a Hospital Cash for Individual Policy:

  • Cost of diagnostics before and after hospitalization
  • Maternity expenses
  • Neo-natal expenses
  • Hospitalization for less than 24 hours
  • Any Out-Patient Department (OPD) treatment taken

Claim process for Hospital Cash for Individual Policy

There are two methods for claiming benefits for a Hospital Cash for Individual Policy

  • Cashless claims processing: In case your hospitalization is planned or your hospitalization is in a network hospital of your insurance provider, the claims become cashless. You have to produce your health e-card at the hospital and any claim within the sum insured will be settled between the insurance company and the hospital directly.
  • Reimbursement claims processing: In case you are hospitalized in a non-network hospital, then reimbursement claim processing happens. You are required to intimate your insurance provider as soon as you get admitted, get hold of all your original bills and diagnostics reports and then make a claim by submitting a claim request after your discharge.

Documents Required for Hospital Cash for Individual

Following are the documents required to claim hospital daily cash benefit

  • Duly filed and signed claim form
  • Health e-card and valid Govt. ID proof in case of cashless treatment and a valid ID proof in case of reimbursement claims
  • Original medical reports
  • Original hospital bills, daycare summary, discharge certificates, etc.
  • Prescription from the doctor suggesting active line of treatment

Frequently Asked Questions

A daily hospital cash policy or a daily hospital cash plan can be part of your basic health insurance plan or can also be purchased as an additional cover. A daily hospital cash insurance provides a fixed lump sum amount, to the insured, for each day of hospitalization beyond 24 hours.
A hospital Cash rider is a major health insurance rider. It provides a fixed benefit, to the assured, in case of a hospitalization. The rider provides a fixed amount for each day of hospitalization as well as ICU benefits. Hospital Cash riders can also provide a lump sum benefit on undergoing a surgery (as part of an individual policy).
A hospital cash can act as a cushion for your additional expenses that incur during a hospitalization. It is a fixed sum that you are provided for your hospitalization case, so having a hospital cash rider along with your health insurance policy can prove beneficial for your finances. But it not necessary to have a hospital cash policy if you have a health insurance policy and if you are ready to bear out-of-pocket expenses for some of the expenses that aren’t covered.
A health insurance policy is like an umbrella policy that covers for your medical expenses (with certain exclusions), up to a sum assured, for your hospitalization of more than 24 hours. While a hospital cash insurance policy provides you with a fixed sum assured for the duration of your hospitalization (for more than 24 hours) irrespective of the cause and expenses incurred during the hospitalization. Hospital cash insurances can be taken as riders along with your health insurance plans or bought as individual products to safeguard your health.
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