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Health Insurance

Hospital Cash Policy

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Key Features

Daily Allowance to Lighten Your Hospital Burden

Coverage Highlights

Key benefits
  • Daily 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

What is Hospital Cash Insurance?

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:

Benefits You Deserve

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Daily Cash Boost

Get a guaranteed daily payout during hospital stays

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Custom Coverage

Pick a plan that fits—INR 500 to INR 2,500 per day

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ICU Advantage

Receive double the daily cash benefit for ICU admissions

Daily Cash Benefits:

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: Extensive Benefits for Your Healthcare 

Hospital Cash Daily Allowance policy provides coverage for hospitalisation expenses with its extensive range of features:

Daily cash benefit 

This policy offers cash benefits payable for each day of hospitalisation.

Family discount 

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.

Double cash benefit 

Under this policy, the cash benefit is doubled in case of an ICU admission.

Sum insured enhancement 

You can upgrade the sum insured amount of your policy during renewal.

Additional Benefits with Your Hospital Cash Daily Allowance 

This top-up medical insurance plan provides relief from sudden hospital expenses and a host of other benefits as listed below:

Renewability 

You can renew your Hospital Cash Daily Allowance policy for your entire lifetime.

Tax saving 

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.

Multiple sum insured options 

You can choose from sum insured options ranging from Rs 500 to Rs 2,500 per day.

Coverage Provided under the Hospital Cash Insurance  

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.

Non-Coverage Provided under the Hospital Cash Insurance 

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.

Who Should Consider Hospital Cash Insurance? 

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.

Key Considerations when Purchasing Daily Cash Benefit Policy 

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.

Key Features of the Daily Cash Benefit  

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.

Tenure of Daily Hospital Cash Benefit 

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.

At-A-Glance

Compare Insurance Plans Made for You

Feature/Aspect
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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

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Why Choose Bajaj Allianz Hospital Cash Daily Allowance?

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

To make sure that we are always listening to our customers,

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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What Our Customers Say

Cashless Claims

Excellent service for your mediclaim cashless customers during COVID. You guys are true COVID warriors, helping patients by settling claims during these challenging times.

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Arun Sekhsaria

Mumbai

4.5

29th May 2021

Instant Renewal

I am truly delighted by the cooperation you have extended in facilitating the renewal of my Health Care Supreme Policy. Thank you very much.

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Vikram Anil Kumar

Mumbai

4.5

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.

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Prithbi Singh Miyan

Pune

4.5

27th Jul 2020

Instant Policy Issuance

Very user-friendly. I got my policy in less than 10 minutes.

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Jaykumar Rao

Bhopal

4.7

25th May 2019

FAQs

How can the daily hospital cash benefit be utilised?

The daily hospital cash benefit can be used to cover non-medical expenses such as food, travel, attendant charges, or any other incidental costs incurred during hospitalisation. It offers financial flexibility to patients and families without the need to produce medical bills for specific expenses.

What is the maximum coverage amount provided under the daily hospital cash plan?

The maximum coverage amount under the daily hospital cash plan depends on the insurer and policy terms. Generally, it can range from ₹500 to ₹10,000 per day, depending on the chosen plan and the hospitalisation duration covered.

How many hospitalisation days are covered under the daily cash benefit?

Typically, the daily hospital cash benefit covers between 30 to 180 days of hospitalisation per policy year. Some policies offer an extended benefit period for critical illness or ICU admissions, subject to specific terms and conditions.

Do I need to submit original bills to claim Hospital Cash benefits?

No, original bills are usually not required to claim hospital cash benefits. A basic set of documents, including hospital discharge summary and admission proof, is sufficient to process the claim under most hospital cash insurance policies.

What is the highest daily payout offered under the Hospital Cash policy?

The highest daily payout under hospital cash insurance varies but can go up to ₹10,000 per day, depending on the insurer, plan type, and any additional coverage options like ICU or critical illness enhancements.

Does the policy include any recovery or post-hospitalisation benefit?

Some hospital daily cash policies provide a recovery or post-hospitalisation benefit, offering a lump-sum payout after discharge. This amount helps cover recuperation costs or loss of income during the recovery phase, subject to specific policy terms.

What are the Sum Insured Options available under Hospital Cash Benefit?

Hospital Cash Benefit insurance offers sum insured options of ₹500, ₹1,000, ₹2,000, and ₹2,500 per day. You can choose coverage for either 30 days or 60 days per policy period, ensuring financial support during hospitalisation.

What is the entry age for the Hospital Cash Benefit insurance?

The entry age for Hospital Cash Benefit insurance ranges from 18 to 65 years for adults. Dependent children can be covered from as young as 3 months up to 21 years.

Are there any discounts available under the Hospital Cash Benefit insurance?

Yes, the Hospital Cash Benefit insurance offers discounts. You get a 5% family discount when covering two or more family members under the same policy, applicable to both new and renewal policies. Additionally, a 4% discount applies for a 2-year policy, while an 8% discount is available for a 3-year policy.

What is the grace period under the Hospital Cash Benefit insurance?

The Hospital Cash Benefit insurance offers a grace period of 30 days for policy renewal. If renewed within this period, the policy will be considered continuous for the purpose of the one-year waiting period. However, any medical expenses arising from an illness or accident occurring during the break period will not be covered under the policy.

What are the conditions for Hospital Cash Benefit insurance portability?

You can port your Hospital Cash Benefit insurance to another insurer by applying at least 45 days before, but no earlier than 60 days from, the policy renewal date, as per IRDAI portability guidelines. To be eligible, you must have continuous coverage without any lapses under a health insurance policy from an Indian General or Health insurer.

Why is medical insurance necessary for your health?

Medical insurance provides financial protection against unexpected medical expenses, ensuring access to quality healthcare without depleting your savings.

How many dependent members can I add to my family health insurance pla

You can add your spouse, children, parents, and other dependents as per the policy terms, ensuring comprehensive family coverage.

Why should you compare health insurance plans online?

Online comparison helps you find the best plan that suits your needs and budget, offering a clear understanding of coverage and benefits.

Why should you never delay the health insurance premium?

Delaying premiums can result in policy lapse, losing coverage benefits and financial protection, and may lead to difficulties in renewing the policy.

How to get a physical copy of your Bajaj Allianz General Insurance Com

Request a physical copy from the insurer or take a printout of the digital policy document received via email.

Is there a time limit to claim health cover plans?

Claims should be made within the stipulated time as per the policy terms to avoid rejection and ensure timely processing.

What exactly are pre-existing conditions in an Individual Health Insur

Pre-existing conditions are medical conditions you had before buying your Individual Health Insurance plan. Coverage for these might require waiting periods or exclusions. Be transparent about your health history.

How is the insurer going to pay my hospital bills?

Insurers cover hospital bills through reimbursement (you pay upfront and get reimbursed later) or cashless hospitalisation (insurer settles bills directly with network hospitals).

Are there any tax advantages to purchasing Individual Health Insurance

Individual Health Insurance premiums often qualify for tax deductions under Section 80D of the Income Tax Act (India).

Why should I need Personal Medical Insurance?

Personal medical insurance offers financial protection against unexpected medical expenses due to illness, accidents, or hospitalisation. It provides peace of mind and safeguards your savings.

How do I go about renewing health insurance plans?

Don’t stress the small things in life! The easiest and quickest way to renew your life insurance policy is by doing it online. Topping up your health cover gives you freedom from worrying about heavy medical expenses.

How is the health insurance renewal premium calculated?

We know that reading through the ponderous terms and conditions section of a health insurance policy isn’t always easy. So, here is the quick answer. Your renewal premium is calculated based on your age and coverage. As always, you can put the power of compounding to good use by investing in health insurance as early as possible.

Can I renew my expired health insurance policy?

Yes, of course. Life can get really busy and even things as important as renewing your health insurance plan can get side-lined. With Bajaj Allianz, we turn back the clock to give a grace period where you can renew your expired policy. For 30 days from the expiry date, you can still renew your health cover with ease. Now, you can run the race at yo

Can I renew health insurance online?

Absolutely! All you have to do to renew your health insurance is click or tap a few times! You can definitely renew health insurance policies online and also buy new policy for your family & friends click here to know more.

Will I be able to transfer my health insurance policy from another pro

Yes, as per IRDAI regulations, insurance portability between providers is allowed. This also includes transfer of benefits like Cumulative Bonus and credits relating to waiting period for pre-existing diseases.
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