Suggested
Health Insurance
Daily Allowance to Lighten Your Hospital Burden
Coverage Highlights
Key benefitsDaily Cash Benefit
Get a fixed cash payout for each day of hospitalisation to cover expenses not included in standard health insurance
Flexible Coverage
Choose from sum insured options between INR 500 and INR 2,500 per day to match your financial needs
ICU Benefit
Receive double the daily cash amount for ICU admissions, offering extra financial support during critical situations
Tax Savings
Enjoy tax benefits on premiums paid under Section 80D, reducing your taxable income
Family Discount
Save up to 5% when you insure two or more family members under the same policy.
Lifelong Renewal
You can renew your Hospital Cash Daily Allowance policy for your entire lifetime.
Note
Please read policy wording for detailed terms and conditions
Inclusions
What’s covered?ICU Expenses
Offers double the cash benefit if hospitalization requires an ICU.
Hospital Expenses
Covers treatment and hospitalisation costs at any network hospital
Coverage
Extends to Self, Spouse, Dependent Children, Grandchildren, Parents, Siblings, In-laws (Father & Mother), Aunts, and Uncles
Note
Please read policy wording for detailed terms and conditions
Exclusions
What’s not covered?Diagnostic Exclusions
Expenses for hospital admission solely for diagnostics and evaluation and any diagnostic expenses not linked to the current treatment not covered
Rest & Rehabilitation
Expenses for enforced bed rest without active treatment and personal care services at home or in a nursing facility, including assistance with daily activities like bathing and dressing not covered
Terminal Care
Services for terminally ill individuals addressing medical, physical, social, emotional, or spiritual needs
Gender Transition
Expenses for treatments or surgeries to change body characteristics to those of the opposite sex
Cosmetic Surgery
Expenses for cosmetic or plastic surgery to alter appearance are not covered. Reconstructive surgery after accidents, burns, or cancer is covered only if deemed medically necessary by a certified doctor
Criminal Acts
Expenses for treatment resulting from committing or attempting a crime with criminal intent
Congenital Treatments
Treatment for congenital external diseases, defects, or anomalies
Growth Therapy
Growth hormone therapy and stem cell implantation are excluded, except for haematopoietic stem cell transplants for haematological conditions
Intentional Harm
Expenses arising from intentional self-harm, including drug or alcohol misuse
Unproven Therapies
Expenses for treatments lacking medical documentation or scientific validation
Infertility & Sterilisation
Expenses for contraception, sterilisation, artificial insemination, and advanced reproductive techniques like IVF, ZIFT, GIFT, and ICSI and expenses for gestational surrogacy and sterilisation reversal
Note
Please read policy wording for detailed terms and conditions
Hospital Cash Insurance offers a crucial support mechanism by providing a fixed daily benefit to policyholders during hospital stays. With rising healthcare expenses, this coverage helps offset non-medical costs, like hospital room rent, transportation, and additional medical fees, easing the financial strain on families.
Unlike typical health insurance policies, which reimburse or directly cover medical bills, this hospital cash insurance is a direct cash benefit policy, allowing you to use the funds flexibly as per your needs. It’s an ideal add-on for those who want extra financial protection for hospital expenses. Choose the daily hospital cash policy for peace of mind during hospital stays.
The Bajaj Allianz General Insurance Company Hospital Cash Daily Allowance Policy is designed to provide you with the best protection from sudden medical expenses. With this plan, you receive a daily allowance to cover incidental expenses throughout the hospital stay. Here’s why it’s worth considering:
Receive a fixed cash amount each day of hospitalisation, helping with expenses not covered under standard health insurance.
Flexible Sum Insured:
Choose from different coverage levels ranging from INR 500 to INR 2,500 per day, giving you the freedom to tailor coverage based on your requirements.
ICU Benefits :
Double the daily cash amount in case of ICU admissions, giving additional support in critical situations.
Tax Savings :
Premiums paid are eligible for tax deductions under Section 80D, providing financial relief.
Family Discount :
Get up to a 5% discount if you cover two or more family members in the same policy.
The hospital cash insurance plan from Bajaj Allianz General Insurance Company functions as a daily support fund. When you're admitted to a hospital, you’re entitled to a daily cash allowance, which can be used for any expenses, including non-medical costs that aren’t covered under standard health insurance.
Whether it's paying for hospital room upgrades or managing additional out-of-pocket expenses, the daily allowance ensures financial ease during hospital stays. You can easily buy this hospital daily cash policy online, choosing from a variety of premium plans and policy terms for optimal flexibility and protection.
Hospital Cash Daily Allowance policy provides coverage for hospitalisation expenses with its extensive range of features:
This policy offers cash benefits payable for each day of hospitalisation.
Avail a 5% family discount if 2 or more family members are covered under this policy. This discount is applicable on both, new as well as renewed policies.
Under this policy, the cash benefit is doubled in case of an ICU admission.
You can upgrade the sum insured amount of your policy during renewal.
This top-up medical insurance plan provides relief from sudden hospital expenses and a host of other benefits as listed below:
You can renew your Hospital Cash Daily Allowance policy for your entire lifetime.
Tax saving up to Rs 1 lakh under Section 80D of the Income Tax Act.*
*On opting for Hospital Cash Daily Allowance policy for yourself, your spouse, children and parents, you can avail Rs 25,000 per annum as a deduction against your taxes (provided you are not over 60 years). If you pay a premium for your parents who are senior citizens (age 60 or above), the maximum health insurance benefit for tax purposes is capped at Rs 50,000.
As a taxpayer, you may, therefore, maximise tax benefit under Section 80D up to a total of Rs 75,000, if you are below 60 years of age and your parents are senior citizens. If you are above the age of 60 years and are paying a medical insurance premium for your parents, the maximum tax benefit under Section 80D is, then, Rs 1 lakh.
You can choose from sum insured options ranging from Rs 500 to Rs 2,500 per day.
Hospital cash insurance provides a daily cash allowance in health insurance to cover miscellaneous expenses during hospitalisation, such as transportation, food, and companion accommodation. This benefit supplements regular health insurance, offering a fixed daily sum for each day of hospital stay, regardless of the actual hospital expenses. It applies to both planned and emergency hospitalisations, ICU admissions, surgeries, and sometimes even day-care procedures based on the policy terms.
Bajaj Allianz Health Insurance, with its extensive network of 18,400+ hospitals, ensures seamless claims processing for such benefits. Some plans also provide double benefits for ICU admissions or extended hospital stays. Maternity-related hospitalisation and specific critical illnesses can also attract higher daily cash benefits under select policies.
The payout process is typically simple, requiring basic documentation such as discharge summaries and hospital bills. Therefore, hospital daily cash policies serve as a financial cushion, enabling patients to manage out-of-pocket expenses efficiently during treatment.
Hospital cash insurance, while helpful, has certain non-coverage areas. It does not provide benefits for hospitalisation under less than 24 hours unless specified for day-care treatments. Pre-existing diseases during the waiting period, cosmetic surgeries, dental treatments (unless due to accidents), infertility treatments, and self-inflicted injuries are typically excluded.
Hospitalisation due to substance abuse or participation in hazardous activities may not be covered. Some policies exclude maternity-related hospital stays unless specifically included. Bajaj Allianz Health Insurance clearly outlines exclusions in their hospital daily cash policy documents, allowing transparency for customers.
Expenses incurred without actual hospital admission (such as OPD consultations) are not eligible for the daily cash allowance in health insurance. Policyholders should thoroughly read the terms and conditions, including any waiting periods or disease-specific exclusions, to avoid claim rejections. Understanding these limitations ensures realistic expectations from the hospital cash insurance and helps in selecting suitable health coverage.
Hospital daily cash policies are ideal for individuals who wish to supplement their existing health insurance. Those with high deductibles, co-payments, or significant non-medical expenses during hospitalisation will benefit greatly. Salaried employees, self-employed individuals, and people without comprehensive employer-provided health plans should consider purchasing hospital cash insurance.
Additionally, families with dependents, senior citizens, and individuals prone to frequent hospital visits due to chronic illnesses can benefit from the daily cash allowance in health insurance.
It is especially useful for managing incidental expenses that primary insurance does not cover, such as food, travel, and attendant lodging. The fixed cash benefit ensures financial stability during recovery without depending on savings. Therefore, anyone looking to reduce the indirect financial burden of hospitalisation should consider including a hospital daily cash policy in their health protection portfolio.
When selecting a daily cash allowance in health insurance, carefully evaluate the per-day benefit amount to ensure it matches your potential non-medical expenses. Review the maximum benefit period — longer hospitalisation support is advantageous. Check if there are enhanced payouts for ICU stays or critical illnesses.
Understand exclusions like pre-existing diseases, short hospital stays, or maternity coverage limitations. Waiting periods and claim documentation requirements must also be reviewed.
Choose a hospital cash insurance provider like Bajaj Allianz General Insurance, which is backed by a vast 18,400+ hospital network, ensuring convenience during emergencies. Compare premium costs with offered benefits to achieve an optimal balance.
Ensure the policy is portable and flexible enough to accommodate changes in health status. Transparency in terms, simple claim procedures, and reliable customer support should be deciding factors. Always read the policy document thoroughly before committing.
A hospital daily cash policy offers a fixed cash payout for every day of hospitalisation, irrespective of the treatment costs incurred. It serves as an excellent supplement to standard health insurance by covering non-medical expenses such as attendant lodging, transportation, and post-discharge needs. Some policies provide double the daily benefit for ICU admissions or critical illnesses. Maternity hospitalisations may also be covered in select plans. Flexibility to choose the daily payout amount and coverage tenure adds to its appeal.
The daily cash allowance in health insurance helps maintain financial stability during medical emergencies without burdening savings. Bajaj Allianz Health Insurance plans offer easy claims across 18,400+ network hospitals. These policies generally come with minimal documentation and simple processes, making them user-friendly. It’s a perfect financial backup for salaried individuals, self-employed professionals, or families with dependent members needing extra protection during hospitalisation.
The tenure for receiving daily cash benefits typically ranges from 30 to 180 days of hospitalisation per policy year, depending on the insurer and plan chosen. Some comprehensive hospital cash insurance plans also extend coverage for longer hospital stays, including ICU admissions, ensuring better financial support during prolonged treatments.
Compare Insurance Plans Made for You
Feature/Aspect |
![]() Hospital Cash Daily Allowance |
---|---|
Coverage | Get a fixed cash payout for each day of hospitalisation to cover expenses not included in standard health insurance |
Renewal | Lifetime renewal |
Sum Insured Options | Sum Insured options available are Rs 500 per day I Rs 1000 per day I Rs 2000 per day I Rs 2500 per day. Cover is available for 30 days and 60 days |
Get instant access to your policy details with a single click
Hospital expenses can burn a deep hole in your pocket and exhaust all your savings. Doctor’s fees, medical bills, hospital room rent and more add to the never-ending expenses that befall us during hospitalisation. This adds a financial burden on your family, along with the emotional upheaval they are already facing.
We provide a solution to avoid such a financial crisis during hospital treatment with our Hospital Cash Daily Allowance policy. This policy pays a daily benefit amount to take care of the sudden expenses during the hospitalisation period. This policy is an add-on policy and cannot be purchased as a substitute for a health insurance policy.
Hospital Cash Daily Allowance comes in handy in the event of sudden hospitalisation as it provides a daily cash benefit. To opt for this policy at competitive premium rates.
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Step-by-Step Guide
How to Buy
0
Visit Bajaj Allianz website
1
Enter personal details
2
Compare health insurance plans
3
Select suitable coverage
4
Check discounts & offers
5
Add optional benefits
6
Proceed to secure payment
7
Receive instant policy confirmation
How to Renew
0
Login to the renewal portal
1
Enter your current policy details
2
Review and update coverage if required
3
Check for renewal offers
4
Add or remove riders
5
Confirm details and proceed
6
Complete renewal payment online
7
Receive instant confirmation for your policy renewal
How to Claim
0
Notify Bajaj Allianz about the claim
1
Submit all the required documents
2
Choose cashless or reimbursement mode for your claim
3
Avail treatment and share required bills
4
Receive claim settlement after approval
How to Port
0
Check eligibility for porting
1
Compare new policy benefits
2
Apply before your current policy expires
3
Provide details of your existing policy
4
Undergo risk assessment by Bajaj Allianz
5
Receive approval from Bajaj Allianz
6
Pay the premium for your new policy
7
Receive policy documents & coverage details
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Excellent service for your mediclaim cashless customers during COVID. You guys are true COVID warriors, helping patients by settling claims during these challenging times.
Arun Sekhsaria
Mumbai
29th May 2021
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I am truly delighted by the cooperation you have extended in facilitating the renewal of my Health Care Supreme Policy. Thank you very much.
Vikram Anil Kumar
Mumbai
27th Jul 2020
Quick Claim Settlement
Good claim settlement service, even during the lockdown, has enabled me to sell the Bajaj Allianz Health Policy to more customers.
Prithbi Singh Miyan
Pune
27th Jul 2020
Instant Policy Issuance
Very user-friendly. I got my policy in less than 10 minutes.
Jaykumar Rao
Bhopal
25th May 2019
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