Some insurers offer a double cash benefit in case of hospitalization in the Intensive Care Unit for the duration of ICU confinement apart from a lump-sum convalescence benefit will be paid in case of hospitalisation exceeding a continuous period of 20 days. This plan essentially is a supplement your normal health insurance cover, and covers expensed not covered in the Indemnity Health plan. Consistently rising medical inflation and increasing hospitalization expenses make health care a challenge financially for an average Indian. There are incidental expenses which are surgical accessories, x-ray charges, expenses incurred by accompanying family members, etc. are offered under the Hospital Cash. Sometimes, despite having a comprehensive cover, there are some expenses which will be required to be covered over and above what’s covered under the indemnity plan and this is what the Hospital Cash plan takes care off… In such cases, the best solution is to avail health insurance policies that offer a daily cash allowance for each day that you are in the hospital.
Under the Daily Hospital Cash Plan, a person is covered when he/she is hospitalized. The insured gets a specified amount of money on each day that he/she is in the hospital. The pay out of this allowance from the insurance provider is not only for hospitalization expenses - the policyholder can use it in any way he/ she deems necessary. Since it is unrelated to mediclaim policy, the policyholder can claim both the mediclaim policy and well as the daily hospitalization cash.
Under the Daily Hospital Cash Plan, a person is covered when he/she is hospitalized. The insured gets a specified amount of money on each day that he/she is in the hospital. The pay out of this allowance from the insurance provider is not only for hospitalization expenses - the policyholder can use it in any way he/ she deems necessary. Since it is unrelated to mediclaim policy, the policyholder can claim both the mediclaim policy and well as the daily hospitalization cash.
