What does hospital cash benefit mean?

A daily hospital cash benefit provides a lump sum amount daily in case of hospitalization and this amount can be used per the insured’s need. The money can be used for meeting additional expenses that are not covered by health insurance or for even compensating the loss of income during the period of hospitalization.

What is hospital daily cash in insurance?

What is hospital daily cash insurance? Hospital cash insurance pays you a fixed amount at the time of taking policy in case you get hospitalized. The hospital daily cash benefit is paid irrespective of the actual bill amount and there are no bills required.

What is the difference between hospitalization and hospital cash?

A daily hospitalisation cash plan (DHC) is a pre-defined benefit. A fixed amount per day of hospitalisation is paid to the insured / policyholder. DHC offers you fixed daily benefits, per 24 hours spent in hospital. …

What is cash plan insurance?

A cash plan is designed to pay out for everyday health care costs such as dental treatment, eye tests, glasses/contact lenses, physiotherapy, chiropody and even preventive measures such as health screening.

What is hospital cash benefit in Max Bupa?

Max Bupa Health Assurance HospiCash cover provides a daily cash allowance to the insured for each day of hospitalization due to an illness or accident. If the insured is admitted to the Intensive Care Unit (ICU), he/she will get double the daily hospital cash amount under the policy.

What is the maximum daily cash option in hospital daily cash product?

A daily hospital cash plan would determine coverage based on the daily allowance you choose under the plan. The range of daily cash available is from Rs. 500 to Rs. 3000.

What is hospital cash benefit in HDFC Ergo?

Sum Insured available for each individual is Rs. 3000 per day for maximum upto 30 days Sum Insured of Rs. 3000 per day for maximum upto 30 days is available for the entire family.

How does a healthcare cash plan work?

Health care cash plans are schemes where you pay a monthly fee which entitles you to have your routine medical and dental expenses covered (up to a limit). You can use a health care cash plan to fund these sort of routine expenses.

How does the FNB health cash plan work?

FNB offers a Health Cash Plan which pays cash for each day you are admitted to the hospital (after 48 hours). This is not a hospital plan, meaning it does not cover your medical bills. You get paid in cash, and can use the money for anything you choose.

What is ReAssure benefit in Max Bupa?

About Max Bupa ReAssure Policy Health Insurance ReAssure is an indemnity based health insurance policy that ensures you and your family members do not fall short of coverage required for unforeseen medical expenditure towards different types of illnesses, including coronavirus treatment.

What is hospital cash insurance in PhonePe?

“It is a customised hospitalisation policy that allows PhonePe users to get an assured amount if they are hospitalised due to injury or illnesses including Covid-19,” the company explained in an official release. …