Is hospital cash benefit different from regular hospitalization coverage?

Yes, it is different. Hospitalization coverage under health insurance plans covers hospitalization costs such as room rent, consultation fees, diagnostic tests, medicines, etc. Unlike basic hospitalization cover, a hospital cash benefit is a fixed amount paid to the insured for certain number of days during hospitalization. You can use this for personal expenses like food, travel, etc.

Is hospital cash a rider in health insurance plans?

There are three ways to avail hospital cash benefits: It is already a part of the base plan It can be bought as an optional benefit It can be bought as a rider Either way, the benefit of hospital cash remains the same, i.e. you receive a fixed amount every day for a predetermined number of days when you are hospitalized.

Is there an upper limit to the amount one can avail under hospital cash benefit?

Hospital cash benefits can be anywhere between Rs 100-10,000, depending on the plan you chose at the time of getting insurance. As per plan or policy, there may be a maximum limit to the number of days Hospital Cash will be provided. It is advisable to check the details of the hospital cash benefit provision and limit before purchasing a health insurance plan.

Is hospital cash benefit available in all health insurance plans?

Daily hospital cash benefit may or may not be available in the health insurance plan you chose. However, depending on the insurer, you can avail hospital cash as an optional benefit or have it included in your comprehensive medical insurance plan as an additional rider. The amount for the daily cash benefit will be fixed and can be provided to you for up to 30-45 days of hospitalization for a condition which can vary from one insurer to another.

Will I have to pay an extra premium to avail hospital cash benefit?

Many factors affect the premium you pay for your health insurance plan, including hospital cash benefits. Hospital Cash benefit affects your premium depending on whether it is part of the base plan, added as an option, or a rider. If it is part of the base plan benefits, the cost is included into the base premium but if it is part of optional benefit or rider, additional premium amount has to be paid in order to avail this. It is therefore advisable to always read the fine print to understand aspects such as premiums and additional charges before buying a health insurance plan.

Will I have to use the hospital cash benefit to cover the treatment costs?

No, generally treatment costs are covered under the base plan benefits of the health insurance plan chosen by the insured. You can use hospital cash benefits to meet additional expenses that may not be covered by your health insurance plan, such as travel, food, etc., or as compensation for loss of income during hospitalization.

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Hospital Cash Benefit

Hospital Cash Benefit provides a fixed daily payout during hospitalisation with extra financial support when you need it most. Whether it’s to manage out-of-pocket expenses or loss of income, this benefit adds a cushion of comfort to your recovery.

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