Retail Hospi-Cash
Daily cash benefit for every day you are hospitalized. Fixed pay-outs, room cover, no-claim bonus, and family floater options.
Retail Hospi-Cash
Retail Hospi-Cash provides a daily cash benefit for each day you are hospitalized due to illness or accident, helping cover incidental costs not met by your primary health policy.
Key Features
Fixed daily hospital cash pay-outs
Receive a fixed daily cash benefit for each day you are hospitalized due to illness or accident.
Room and boarding expenses
Coverage for room and boarding expenses to ease the financial burden during hospitalization.
No-claim bonus benefits
Some plans offer no-claim bonus benefits, rewarding you for claim-free years.
Pre- and post-hospitalization cash
Cash benefit for pre- and post-hospitalization stays as per policy terms.
Family floater options
Cover your spouse and children under a single family floater option.
Plans
Business we associate with
Your Questions,
Answered
"From choosing the right policy to making a claim, we've answered your most common questions."
You have different questions? Our team will answer all your questions. We ensure a quick response.
What is Retail Hospital Cash Insurance?
Retail hospital cash insurance is a policy that offers a fixed daily cash allowance for each day of hospitalization, irrespective of the actual treatment costs.
How does this policy function?
The insurer pays a predetermined daily benefit for the duration of hospitalization, up to the limits specified in the policy.
How can the hospital cash benefit be used?
The amount received can be utilized for non-medical expenses such as daily household costs, income loss, caregiver charges, or travel-related expenses.
Can hospital cash insurance replace regular health insurance?
No, it is meant to complement a standard health insurance policy and not replace it.
Is there a minimum hospital stay required to claim benefits?
Yes, most policies require a minimum hospitalization period, typically 24 hours, to be eligible for a claim.
Are ICU hospitalizations covered?
Yes, many policies provide enhanced daily benefits for ICU stays, as per policy terms.
Is there a limit on the number of days covered?
Yes, the policy defines a maximum number of payable hospitalization days within a policy year.
Are pre-existing conditions included?
Yes, coverage for pre-existing illnesses is available after completion of the applicable waiting period.
What documents are needed to file a claim?
Generally required documents include hospital admission and discharge records, policy details, claim form, and relevant medical reports.
Are there any tax benefits under this policy?
Yes, premiums paid may be eligible for deductions under Section 80D of Income Tax Act, subject to prevailing rules.
Can I hold more than one hospital cash policy?
Yes, multiple policies can be availed since the benefit is paid as a fixed amount and is not linked to actual expenses.
Who is this policy best suited for?
It is ideal for individuals looking for additional financial support to manage incidental and non-medical expenses during hospitalization.