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Hospital Cash Insurance
Hospital Cash Insurance
Hospitalisation of a loved one can drain your savings. While Health Insurance helps you take care of hospital bills, there are several other expenses incurred during hospitalisation such as charges for patient's diet, patient's attender's lodging, money spent on commuting from home to hospital and back.
In such a scenario, Hospital Cash, as a supplement to your Health Insurance Policy, can help you financially.
Who can be insured
The cover is available for self, spouse, dependent parents, dependent children from the age of 1 year to 65 years and the policy can be renewed life long. You can insure all your family members - dependent parents, children and spouse who are in the age group of 1 year to 65 years and the Policy can be renewed life long.
You can get a discount of 10% on total premium if you cover 3 or more family members under the same Policy.
Income Tax Benefit
You can claim a benefit - under section 80 D of Income Tax Act, 1961.
The Policy provides daily cash benefit for the following conditions
- Emergency admission (Triple Cash Benefit if admitted to ICU).
- Accident (Double Cash Benefit if admitted due to accident).
- Medical treatment (If the reason for hospitalisation is covered by the Policy. Please refer the Terms and Conditions or FAQs page for more information about coverage).
- Surgery.