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Hospital Cash Policy

A top-up cash benefit plan

Hospital cash policy provides daily payable benefits

Protect yourself from unexpected hospitalisation expenses

Unlock Your Benefits

In-house claim settlement

Tax saving

Daily cash benefit

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, click here.

Coverage per day

Proposer Age

Premium(Rs) for 
30 day cover

Premium(Rs) for 
60 day cover

Rs 500

Up to 25 years
Above 25 years up to 40 years
Above 40 years up to 50 years
Above 50 years up to 55 years
Above 55 years up to 60 years

250
400
650
900
1,200

300
525
850
1,200
1,600

Rs 1,000

Up to 25 years
Above 25 years up to 40 years
Above 40 years up to 50 years
Above 50 years up to 55 years
Above 55 years up to 60 years

300
600
900
1,300
1800

500
825
1,800
2,400
3,000

Rs 2,000

Up to 25 years
Above 25 years up to 40 years
Above 40 years up to 50 years
Above 50 years up to 55 years
Above 55 years up to 60 years

600
850
1,700
2,800
3,600

1,000
1,500
3,600
4,400
4,800

Rs 2,500

Up to 25 years
Above 25 years up to 40 years
Above 40 years up to 50 years
Above 50 years up to 55 years
Above 55 years up to 60 years

800
1,100
2,600
3,500
4,600

1,350
1,800
4,200
5,000
5,800

We offer a whole lot when it comes to Hospital Cash Daily Allowance policy

Key Features

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

  • Daily cash benefit

    This policy offers cash benefit 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.

Know more about our top-up health insurance plans here.

Video

EASY, HASSLE-FREE AND QUICK CLAIM SETTLEMENT

Claim Process

  • You, or your loved one who is making the claim on your behalf, must inform us in writing within 48 hours of hospitalisation, in case of an emergency and 48 hours prior to hospitalisation, in case of a planned hospitalisation.
  • You or your loved one who is making the claim on your behalf, must, within 30 days of discharge from the hospital give us the documentation listed below.
  • In the event of your death, a loved one claiming on your behalf must inform us in writing and send us a copy of the post-mortem report (if any) within 30 days.

Documents required:

  • The claim form duly signed by the insured.
  • A copy of the discharge summary/discharge certificate.
  • A copy of the final hospital bill.
  • A copy of your Aadhaar card, or any other government photo ID and PAN Card. This is not mandatory if your ID card is linked with the policy while issuance or in a previous claim.

LET'S SIMPLIFY HEALTH INSURANCE

What is the entry age under Hospital Cash Daily Allowance policy?

The eligibility to opt for Hospital Cash Daily Allowance is as given below:

Entry age for proposer and spouse is between 18 years to 65 years.

Entry age for dependent children is between 3 months to 21 years.

Spreading Smiles Through Our Services

ASHISH JHUNJHUNWALA

My happiness and satisfaction regarding my claim settlement which was approved within 2 days...

SUNITA M AHOOJA

Speed with which insurance copy was delivered in times of lockdown. Hats off to the Bajaj Allianz team

Reni George

I would like to thank the team of Bajajallianz Vadodara, Specifically Mr. Hardik Makwana and Mr. Ashish...

Hospital expenses? All taken care of.

Provides for miscellaneous medical expenses.

That’s not all, here are 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

Renewability

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

Tax saving

Tax saving

Tax saving up to Rs 1 lakh under Section 80D of the Income Tax Act.* Read more

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

Multiple sum insured options

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

Important points to note before buying Hospital Cash Daily Allowance

  • Inclusions

  • Exclusions

Hospital expenses

Provides cover in case of any treatment/hospitalisation in a network hospital.

ICU expenses

Provides double cash benefit in case of ICU hospitalisation.

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Hospitalisation within 30 days from the commencement of the policy.
Pre-existing diseases.

Expenses of dental treatment or surgery.

Any treatment related to pregnancy or childbirth. 

Injuries arising due to natural calamities like avalanche, earthquake, volcanic eruptions, etc. 

Accidents resulting from drunken driving.

Expenses arising due to cancer and any treatment related to it.

Circumcision, cosmetic or aesthetic treatments of any description, change of life surgery or treatment...

Read more

Circumcision, cosmetic or aesthetic treatments of any description, change of life surgery or treatment, plastic surgery, unless necessary for the treatment of any illness or accidental bodily injury and performed within 6 months of the accident.

Self-inflicted injury, suicide or attempted suicide.

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Customer Reviews & Ratings

Average Rating:

4.75

(Based on 3,912 reviews & ratings)

Satish Chand Katoch

Satish Chand Katoch

Hassle Free through web with all option we can review while taking policy.

Ashish Mukherjee

Ashish Mukherjee

Easiest for anyone, no hassle, no confusion. Great work. Good luck.

Prashanth Rajendran

Prashanth Rajendran

TLoved the online policy facility of Bajaj Allianz

Thank You for Your Interest in Bajaj Allianz Insurance Policy, A Customer Support Executive will call you back shortly to assist you through the Process.

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Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

 Written By : Bajaj Allianz - Updated : 1st March 2022

Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

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