Hospital cash insurance is a benefit plan where you get a fixed lump sum amount for each day of hospitalization. The amount paid is irrespective of your actual hospital bill. You can use this amount for medicines, diagnostics tests any other expenses which customer may incur.
Health insurance covers majority of medical expenses but there could be other non-payables expenses or incidental expenses such as ambulance expenses, attendant charges etc. that could burn a hole in your pocket. The lump sum paid out from this plan can be used for all such expenses.
Mediclaim is an indemnity health insurance product which is a reimbursement of expenses while Hospicash is a defined benefit product paying for each day of hospitalization irrespective of the actual bills.
Particulars | Details |
Cover Type | Individual |
Type of Plan | GFB – Group Hospicash |
Frequency of payment | Annual in advance |
Policy Period | 1 Year |
Age Group | 18 – 60 Years |
Daily cash benefit | Rs.1500 per day or Rs.2000 per day |
Premium | Rs.885 per year Or Rs.1180 per year respectively |
Limit per policy year | 30 days |
Deductible | 1 day per hospitalization |
Waiting Period | 30 days |
1 Year waiting period (Specified illness) | Not Applicable |
Pre-existing diseases waiting period | Not Applicable |
There is a 1-day deductible per hospitalization.
Mr. Anand opted for Rs.1500 per day & got hospitalised for Dengue fever for 5 days in the second month after taking the policy. | Mr. Anand will receive Rs.1500 X 4 days
(5 days – 1-day deductible) = Rs.6000/-
|
Mr. Anand is again hospitalised for fever the next month for 5 more days. |
Mr. Anand will receive Rs.1500 X 4 days
(5 days – 1-day deductible) = Rs.6000/- 1 day deductible will be applicable for every hospitalization. |
Critical pre-existing conditions are not covered as part of the policy. The insured will need to agree to the below mentioned declaration displayed on the app/portal at the time of policy registration.
“I hereby declare that I perform all my routine activities independently and that I have never suffered from, am not currently suffering from any of the mentioned critical illnesses namely Cancer, Major Organ disease / transplant, Stroke /Paralysis, Nervous disorders, HIV, etc.”
Customer has to raise request with Aditya Birla Health Insurance Co. Ltd. Customer can call on 1800 270 7000 or write at care.healthinsurance@adityabirlacaptial.com .
The below documents needs to be submitted within 30 days from the date of hospitalization or within 30 days from the date of discharge
To do so, customer has to raise request with Aditya Birla Health Insurance Co. Ltd. Customer can call on 1800 270 7000 or write at care.healthinsurance@adityabirlacaptial.com .
Hospital cash insurance is a benefit plan where you get a fixed lump sum amount for each day of hospitalization. The amount paid is irrespective of your actual hospital bill. You can use this amount for medicines, diagnostics tests any other expenses which customer may incur.
Health insurance covers majority of medical expenses but there could be other non-payables expenses or incidental expenses such as ambulance expenses, attendant charges etc. that could burn a hole in your pocket. The lump sum paid out from this plan can be used for all such expenses.
Mediclaim is an indemnity health insurance product which is a reimbursement of expenses while Hospicash is a defined benefit product paying for each day of hospitalization irrespective of the actual bills.
Particulars | Details |
Cover Type | Individual |
Type of Plan | GFB – Group Hospicash |
Frequency of payment | Annual in advance |
Policy Period | 1 Year |
Age Group | 18 – 60 Years |
Daily cash benefit | Rs.1500 per day or Rs.2000 per day |
Premium | Rs.885 per year Or Rs.1180 per year respectively |
Limit per policy year | 30 days |
Deductible | 1 day per hospitalization |
Waiting Period | 30 days |
1 Year waiting period (Specified illness) | Not Applicable |
Pre-existing diseases waiting period | Not Applicable |
There is a 1-day deductible per hospitalization.
Mr. Anand opted for Rs.1500 per day & got hospitalised for Dengue fever for 5 days in the second month after taking the policy. | Mr. Anand will receive Rs.1500 X 4 days
(5 days – 1-day deductible) = Rs.6000/-
|
Mr. Anand is again hospitalised for fever the next month for 5 more days. |
Mr. Anand will receive Rs.1500 X 4 days
(5 days – 1-day deductible) = Rs.6000/- 1 day deductible will be applicable for every hospitalization. |
Critical pre-existing conditions are not covered as part of the policy. The insured will need to agree to the below mentioned declaration displayed on the app/portal at the time of policy registration.
“I hereby declare that I perform all my routine activities independently and that I have never suffered from, am not currently suffering from any of the mentioned critical illnesses namely Cancer, Major Organ disease / transplant, Stroke /Paralysis, Nervous disorders, HIV, etc.”
Customer has to raise request with Aditya Birla Health Insurance Co. Ltd. Customer can call on 1800 270 7000 or write at care.healthinsurance@adityabirlacaptial.com .
The below documents needs to be submitted within 30 days from the date of hospitalization or within 30 days from the date of discharge
To do so, customer has to raise request with Aditya Birla Health Insurance Co. Ltd. Customer can call on 1800 270 7000 or write at care.healthinsurance@adityabirlacaptial.com .
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